2026-11-09 · Source: Insurance Business UK
Summary in 3 Points • Major General Mike Fayers warns that AI exploits vulnerabilities faster than ever, shrinking patch response times to minutes. • The MoD's networks faced over 90,000 attacks in two years, highlighting the growing cyber threat landscape. • Brokers must consider the implications of cyber and property policy overlaps as cyber incidents escalate. --- Major General Mike Fayers, leading the Defence Cyber and Electromagnetic Force, highlighted the rapid evolution of cyber threats, stating that AI now exploits vulnerabilities in mere minutes. This alarming pace contrasts sharply with the typical 14-day window for critical updates under the Cyber Essentials scheme, raising concerns for businesses that may struggle to keep up with these demands. The Ministry of Defence reported over 90,000 cyber attacks on its networks in two years, indicating a significant increase in threats that could impact various sectors, including insurance. As cyber incidents escalate, brokers face practical challenges during renewals, particularly regarding the overlap between cyber and property policies. The recent attacks on refrigeration systems in France exemplify the complexities of coverage, as cyber policies often exclude physical losses. With the potential for state-backed attacks to complicate claims, understanding the nuances of policy wordings will be crucial for brokers and their clients moving forward. The rapid evolution of cyber threats, with AI shrinking response times, poses challenges for insurers regarding policy commitments and coverage disputes.
The rapid evolution of cyber threats, with AI shrinking response times, poses challenges for insurers regarding policy commitments and coverage disputes.