Prior to forming Databarracks with his co-directors Peter spent several years in various operational and financial risk management roles within the banking sector latterly developing applications to monitor V.A.R (Value Added Risk) across banks’ treasury and hedged products. Peter co-founded Databarracks in 2003 launching one of the world’s first managed Backup services to bring indestructible resilience to mission critical data. Since then, Databarracks has developed a suite of services built with superior technology, support and security at their core.
An increase in cyber attacks and claims is challenging for the cyber insurance business. Insurers have made changes in response: narrowing the parameters for coverage, increasing prices, and introducing new requirements for cover.