Hold the back page! Cyber attacks hit sport – what can property owners learn?

In all the COVID chaos it is easy to forget about cyber security vulnerability and that the UK real estate industry remains exposed to cyber attacks through inadequate security systems and lack of preparedness. The fundamental unsuitability of both institutional leases and standard buildings insurance policies to address cyber attacks that cause non-physical damage leaves investors and occupiers considerably exposed to interruption of use and/or occupation risks. The COVID-19 pandemic has led the Financial Conduct Authority to launch a test case in the High Court to clarify the extent of cover where it has not been possible to use the property – and we have anticipated for some time that similar issues will arise from cyber attacks.

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