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.
