Energy Grid Isn’t Insured Enough to Handle a Catastrophic Hack

Bloomberg
Bloomberg
Published in
5 min readMay 31, 2018

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Photo: Rolf Schulten/ullstein bild via Getty Images

By Naureen S. Malik

Insurers are limiting how much coverage energy companies can buy to protect themselves against a major attack by hackers, potentially leaving investors, customers and taxpayers on the hook for sizable losses.

Brit Insurance, a syndicate that works with Lloyd’s of London, limits cybersecurity policies to around…

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