Insurance won't cover cyberattack damage to stores

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Property insurance will not cover damage caused by cyber attack, leaving Estonian retailers to absorb the cost themselves, insurance and retail experts warned.

Property insurance will not cover damage caused by cyber attack, leaving Estonian retailers to absorb the cost themselves, insurance and retail experts warned.

The warning follows Monday's attack on a Selver supermarket, where hackers raised a freezer to +50°C. No stock was lost, but a repeat could leave chains paying for spoilage.

The Selver incident was part of a Europe-wide wave of attacks on supermarket refrigeration this autumn. France and the Netherlands were hit in October, and Sweden, Belgium and Luxembourg on Monday. In some cases, Swedish stores were forced to discard spoiled stock. From Tuesday, Romania, Germany and the UK had joined the list.

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