Best’s Commentary: PHP Vulnerabilities Raises Concerns of Systemic Event for Cyber Insurers

LONDON–(BUSINESS WIRE)– #insurance–Security flaws in the PHP programming language, used by a majority of websites globally, highlights the potential of a systemic risk scenario and risk aggregation that has long-worried cyber insurers and resulted in a reluctance to increase their risk appetites aggressively, according to a new AM Best commentary.The recently discovered vulnerabilities within PHP could allow attackers to gain access to websites and steal sensitive information, as well as create backdoors