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Cyber Insurance for Local Governments Costs More, Covers Less

  • 1 mth ago

It’s becoming increasingly expensive and difficult for municipal governments to insure themselves against cyberattacks.

The cost of cyber insurance has risen dramatically in recent years as hackers found city, county and state governments to be easy targets for ransomware attacks. But in addition to increasing premiums, experts say insurance carriers are changing other terms of coverage—lowering the total amount of coverage limits and requiring municipalities to meet higher security benchmarks to even qualify for coverage.  

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