Cyber insurance sticker shock gives some state and local governments pause
With the increasing number of damaging cyberattacks this last year, it’s no surprise cybersecurity insurance is harder to get. Climbing premiums, more exclusions and the extensive, in-depth assessments required for coverage are making some state and local governments question whether investing in a policy is still a good idea.
Not too long ago, agencies could get coverage by spending an hour or two filling out a basic security questionnaire, deciding on the amount of coverage and choosing a policy. Now some carriers want detailed answers about how an agency’s security controls are configured, Dallas Chief Information Security Officer Brian Gardner said in a June 30 GCN webinar.