Cyber attacks: They’ve shut down government agencies, global companies and even a gas pipeline that serves nearly half the population along the East Coast of the United States. Experts say the attacks are growing in number and severity and that governments and businesses need to make it a priority to guard — and insure themselves — against them. But as cyber attacks and ransom demands grow, cybersecurity insurance is becoming increasingly expensive for the insured and the insurer. The upward trajectory in cost has some experts wondering if the cybersecurity insurance market will remain economically viable. Local and state government officials wonder too, but many believe the cost of not having cybersecurity insurance is incalculable, making their jurisdictions vulnerable to extreme losses in capital, human health and safety, not to mention reputation.
https://www.govtech.com/security/is-cybersecurity-insurance-out-of-reach-for-government
