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Cyber insurance sticker shock gives some state and local governments pause

  • 2 mths ago

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.

Read More: https://gcn.com/cybersecurity/2022/07/cyber-insurance-sticker-shock-gives-some-state-and-local-governments-pause/368903/

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