State support needed for uninsurable cyber risks: Swiss Re

Government back-stop financing may ultimately be necessary to cover
losses from "uninsurable" extreme catastrophic cyber loss
events, Swiss Re has claimed.
In a Sigma study on cyber risk published today, Swiss Re said
the systemic nature of such risks and the potential scale of losses
from an attack, such as a disruption to critical infrastructure or
networks, could be too big for the private (re)insurance sector to
absorb.
"In such circumstances there may be an important role for
governments to