Insurers warn PHP2Shell flaw could trigger claims beyond current risk models

Cybersecurity Dive reports that the insurance industry is concerned a systemic cyber event linked to the PHP2Shell vulnerability could trigger billions in claims, surpassing what current risk models predict.

This raises questions for insurers and risk managers about their exposure to large-scale cyber incidents. Firms may need to reassess their modelling and risk assumptions to prepare for the possibility of unanticipated losses from widespread vulnerabilities.