Cyber insurance is a growing market, however, the industry lacks data on a potentially catastrophic cyber event, making it difficult to model and price. There is also no consensus on what could cause a catastrophic cyber event. A systemic cyber event is likely to result from an accident or unanticipated event rather than a planned attack, further complicating modelling. Increased transparency by the cyber community could aid in modelling this potential risk.

‘Cyber incident’ continues to disrupt computer networks at some Sudbury-area schools – CTV News
Several schools in the Sudbury area continue to face disruptions in their computer networks due to an ongoing cyber incident. This has caused challenges for