GAO: Cyber premiums rise as insurers struggle to assess risk
The increase in cyber insurance adoption and premium prices coincides with a changing — and more challenging — threat landscape, this according to a new GAO report on cyber insurance.
Malicious cyber activity poses a significant risk to the federal government and the nation's businesses and critical infrastructure, costing the U.S. billions of dollars each year. Threat actors are becoming increasingly capable of carrying out attacks, highlighting the need for a stable cyber insurance market, says GAO.