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Emerging cyber risks in the fine art and specie market
Graff Diamonds Ltd, a luxury British jeweller, fell victim to a ransomware attack resulting in a ransom payment of US$7.5 million which it sought to recover from its insurers. Insurers denied cover and Graff went on to sue them. We consider the issues and emerging cyber risks in the fine art and specie market, and provide our recommendations on possible risk mitigation strategies.
Insurance in the crypto space: the emerging international market for insuring NFTs with a focus on the Commonwealth Caribbean
NFTs have grown in popularity as sources of ownership and investment in an increasingly digital world, thanks in part to the many successful sales of NFTs by auction houses such as Christie’s and the Commonwealth Caribbean, is not to be left behind in any respect.