M & S cyber insurance pay is up to £ 100m

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Marks and Spencer may require a loss of £ 100 million from cyber insurers in Awakening Durable hack Some customer stole their data.

The cyber policy of the British retail sales allows you to require £ 100 million due to people familiar with the situation.

Allianz For the losses of M & E, the first insurer in the hook, people added, and at least an initial payment is expected to pay £ 10 million. Cyber ​​specialist Beazley According to people, people who are familiar with the situation, among insurers are among the insurers exposed to the losses of the FTSE 100 retailers.

The M & S accepted the first time in Tuesday was stolen as part of some personal customer information cyber attack This has left the retailer who can not accept online orders in almost three weeks. Peracender customers said this “contact information, date of birth, date of birth and online ordering date”, but does not include “Used Card or Payment Data” or Account Passwords.

He worked with law enforcement and government agencies FTSE 100 groups Added.

The seller will report the full annual results next week and the market is expected to update the market with the results of the hack.

The company may have lost revenues from more than £ 60 million in the extrapolation of the average daily online sales. The attack on the systems left the M & S fighting for the storage of shelves in some food stores.

The stock price of the sellers fell 16 percent since the announcement of the attack on April 22, deleting £ 1.3 billion from market capitalization.

M & S, Beazley and Allianz refused to comment all.

M & S cyber insurance cover organized by the London headquarters, organized by WTW, said that a large market participant. This was the fact that if the violation was a weak vulnerability with a weak party seller for the M & S, he predicted it. WTW refused to comment.

Politics, as well as the loss of sales and the incident, as well as the loss of third parties, as well as legal obligations related to information violation, will also cover the loss of the first parties as a person’s legal obligations.

The annual insurance premium of the M &A is currently updated to 5 million pounds, when the police are renewed, the retailers did not demonstrate to SULYURANS if the risk management practices improve risk management.

After disassembled during the pandemic, cyber insurance premiums were generally descended in recent months. Insurers, more generous coverage and more attractive terms, including more attractive terms, including more than 12 to eight hours.

But Britain retailers may face upright prices For cyber coating after the latest attacks, online criminals also target Harrods and Co-Op.

A great payment for the M & S, as “proof of concept” for cyber insurance, the insurance specialist, which operates in London, said that smaller and medium entrepreneurship encouraged to get the cap.

Cyber ​​attacks have lost the total of 44 billion pounds of the revenues of Britain’s companies in the last five years, up to £ 44 billion pounds 44 billion pounds, according to the Broker’s November report. According to him, only more than half of the British enterprises faced at least one incident during this period.