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Insurers face a double blow from cyber fines and claims in Australia

With anticipated new data protection laws and significant investigations underway, Australia appears set to create a data protection regime with high penalties and serious potential for third party claims. Increased enforcement, penalties and third party claims will create a rapid increase in exposure for insurers – and may put the question of whether cyber fines are insurable into the spotlight, as has happened in other jurisdictions around the world.

In this Cyber Update, W+K Partner Kieran Doyle and Solicitor Jessica Chapman explore this issue which is likely to affect businesses of all sizes. Click below to download the full update.


© Wotton + Kearney 2019
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