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Published 1 mayo 2018
Almost every business in Ireland relies heavily on electronic systems and networks in order to carry out its everyday operations. Despite this, Irish businesses have been slower than their American and British counterparts to take out insurance cover to protect against the costs associated with an adverse cyber event. This article seeks to identify the main heads of cyber risk, and explain how cyber indemnity can protect against those risks.
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A New Practice Direction implementing a new system in relation to Certificates of Readiness (HC75) took effect on 9 April 2018 replacing the old system under HC14.
An interesting judgement in relation to the scope of notification came out of the English High Court earlier this year in the case of Euro Pools Plc v Royal and Sun Alliance Insurance Plc [2018] EWHR 46 (Comm).
Dublin
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