Jon Bateman, Steve Feldstein
{
"authors": [
"Jon Bateman"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "ctw",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "TIA",
"programs": [
"Technology and International Affairs"
],
"projects": [],
"regions": [
"Iran"
],
"topics": [
"Technology"
]
}Source: Getty
Cyber Insurers Should ‘Abandon Traditional War and Terrorism Exclusions’
Cyber risk is greater than many had thought, with global aggregation potential—and insurance coverage remains limited and flecked with ambiguities.
Source: Insurer
In 2017, Russia’s military shocked the world by launching the most damaging cyberattack in history, a $10 billion global incident called NotPetya. Insurers felt this shock sharply, and the tremors still reverberate today. NotPetya showed that cyber risk is greater than many had thought, with global aggregation potential—and that insurance coverage remains limited and flecked with ambiguities. Three years later, the industry has not yet overcome these challenges. One of the thorniest unresolved questions is how war exclusions apply to cyber incidents like NotPetya.
About the Author
Senior Fellow and Co-Director, Technology and International Affairs Program
Jon Bateman is a senior fellow and co-director of the Technology and International Affairs Program at the Carnegie Endowment for International Peace.
- Are All Wars Now Drone Wars?Q&A
- The Most Likely Outcomes of Trump’s Order Targeting State AI LawsQ&A
- +1
Jon Bateman, Anton Leicht, Alasdair Phillips-Robins, …
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie Endowment for International Peace
- The Iran War Is Also Now a Semiconductor ProblemCommentary
The conflict is exposing the deep energy vulnerabilities of Korea’s chip industry.
Darcie Draudt-Véjares, Tim Sahay
- The Other Global Crisis Stemming From the Strait of Hormuz’s BlockageCommentary
Even if the Iran war stops, restarting production and transport for fertilizers and their components could take weeks—at a crucial moment for planting.
Noah Gordon, Lucy Corthell
- Shockwaves Across the GulfCommentary
The countries in the region are managing the fallout from Iranian strikes in a paradoxical way.
Angie Omar
- The Iran War’s Dangerous Fallout for EuropeCommentary
The drone strike on the British air base in Akrotiri brings Europe’s proximity to the conflict in Iran into sharp relief. In the fog of war, old tensions in the Eastern Mediterranean risk being reignited, and regional stakeholders must avoid escalation.
Marc Pierini
- The U.S. Risks Much, but Gains Little, with IranCommentary
In an interview, Hassan Mneimneh discusses the ongoing conflict and the myriad miscalculations characterizing it.
Michael Young