Report: Zurich insurance head says cyberattacks to become uninsurable


Greco said there was a limit up to which the private sector could take on all losses caused by cyberattack. — Technology vector created by freepik - www.freepik.com

LONDON: Cyberattacks could become "uninsurable" in the view of Mario Greco, the chief executive of the Zurich Insurance Group.

In remarks published by the Financial Times on Monday, Greco queried what the consequences would be if someone seized control of essential infrastructure. This concerned not just data, but could also put lives at risk, he said.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Paramount's new offer for Warner Bros is not sufficient, major investor says
AI data centers are forcing dirty ‘peaker’ power plants back into service
After power outage, San Francisco wonders: Can robot taxis handle a big earthquake?
Amazon's Zoox to recall 332 US vehicles over software error, NHTSA says
Uber and Lyft plan to bring robotaxis to London in partnerships with China's Baidu
Vodafone CEO among UK bosses who see AI, cyberattacks as top 2026 risks
China delays plans for mass production of self-driving cars after accident
Malaysian students win gold at International Robot Olympiad with Mars-exploration robot concept
Leica rolls out firmware update for its SL-System and Q3 camera family
China’s weather superpower bid takes aim at top AI model dataset

Others Also Read