As use of drones takes off, so will risks, says Lloyd's insurers

Cyber attack, pilot error and privacy issues must be considered by makers, users and insurers of unmanned aerial vehicles, according to report

A sharp escalation in the use of drones will bring increasingly complex risks from cyber attack, reckless pilots and privacy issues, warns a new report from the Lloyd’s of London insurance market.

Spending on unmanned aerial vehicles is likely to double to more than $90bn by 2024, Lloyd’s predicted, but makers and users of the machines as well as insurers are relatively unprepared for the emerging consequences.

Related: Amazon proposes drones-only airspace to facilitate high-speed delivery

Related: Drones aren’t just toys that cause a nuisance. They’re still killing innocent people | Chris Cole

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