Aoshearman Increasing Cyber Fines in EMEA and Insurance Coverage Gaps
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Businesses in the EMEA region are facing heightened regulatory penalties related to cyber incidents, with a report from Aon and A&O Shearman indicating that the insurability of these fines is uncertain and varies by jurisdiction. As enforcement activity intensifies and new regulatory frameworks are introduced, many organizations may find that existing cyber insurance policies do not cover these penalties adequately.
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