Federal Court of Australia weighs in on scope of cover for "direct financial loss" arising from a cyber incident
In this article we explore the recent Federal Court decision in Inchcape Australia Limited v Chubb Insurance Australia Limited, which highlights the importance of considering the precise wording of the policy when determining whether a cyber insurance policy will adequately cover an insured for potential losses.
Inchcape Australia Limited Federal Court Chubb Insurance Australia Limited Australia Limited Financial Institutions Electronic Computer Crime Policy
Source: kennedyslaw.com