When Warren Buffet says, "Cyber is unchartered territory and it is going to get worse not better," it needs to be given serious thought. The so-called oracle of Omaha was addressing the annual general meeting of Berkshire Hathaway in Omaha, US in May this year and said he doesn't want "Berkshire Hathaway being a leader on cyber insurance," because neither he nor others in the industry really know the risk.