As insurance executives, you know that the world is constantly changing, and with it, the risks that your clients face. Cyberattacks are one of the most significant risks that businesses face today, and the recent attack on Telegram and WhatsApp in Russia is a wake-up call for all of us.

According to a recent article by AFP, messaging services Telegram and WhatsApp suffered a major outage in Russia due to a cyberattack. The attack caused a large-scale disruption to the apps' services, and users reported a spike in server connection issues. The Russian media regulator, Roskomnadzor, blamed the outage on a distributed denial-of-service (DDoS) cyberattack targeting Russia’s telecom operators.

This incident highlights the importance of having the right insurance coverage in place to protect against cyber risks. As an insurance executive, you need to be aware of the potential risks that your clients face and provide them with the right coverage to protect their businesses.

The rise of internet censorship in Russia is also a cause for concern. The government has been accused of banning websites that carry independent information about the Ukraine conflict and labelling WhatsApp’s parent company, Meta, as “extremist.” The Kremlin has also blocked access to Meta sites Instagram and Facebook, and authorities have threatened to ban popular video sharing site YouTube.

As insurance executives, it’s our responsibility to help our clients navigate these risks and provide them with the right coverage to protect their businesses. Parametric insurance is one solution that can help businesses protect themselves against cyber risks. With Riskwolf, you can turn real-time data into insurance. Using unique real-time data and dynamic risk modelling, we enable insurers to build and operate parametric insurance at scale. Simple. Reliable. Fast.

In conclusion, the recent cyberattack on Telegram and WhatsApp in Russia is a wake-up call for insurance executives. We need to be aware of the potential risks that our clients face and provide them with the right coverage to protect their businesses. With Riskwolf, we can help our clients navigate these risks and provide them with the right coverage to protect their businesses. Don’t wait until it’s too late. Contact Riskwolf today to learn more about how we can help you protect your clients' businesses.

Source: Russia blames cyberattack over Telegram, WhatsApp outage