Our Cyber team recently reached out to their partners and asked a series of questions on the Cyber attacks seen in 2020 and their predictions for the year ahead.

• Justin James & Vijay Rathour - Grant Thornton
• Anthony Hess - Asceris
• Nicholas Blackmore - Kennedys Australia
• Kieran Doyle - Wotton + Kearney Australia
• Madeline Shanks - Clyde & Co UK
• Quentin Charluteau, Robert Allen, Olivia Darlington, Eva Schothorst-Gransier, Sharon van Norden, Leo Giani, Felix Zimmermann and Alex Gabriel - Simmons & Simmons

We asked the following questions:

• What were the key attack vendors in 2020 and how did the threat landscape evolve?
• How did the Covid-19 pandemic/remote working affect the number, frequency or severity of claims? Were particular sectors more targeted than others?
• What were the biggest drivers of costs, and why?
• Is underreporting of claims still an issue?
• Were there more or less regulator notifications in 2020?
• Did you see an increase in privacy class actions in 2020?
• What coverage issues are emerging and how have these been impacted by recent OFAC guidance on ransomware payments?