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Cyber Insurance Premiums Suddenly Surging

May 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk.

However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year.

We know about these trends because of a report from the United States Government Accountability Office (GAO).

The National Defense Authorization Act for Fiscal Year 2021 includes a provision for the GAO to study the U.S. cyber insurance market and the results are in.

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