Mounting threats and lack of insurance is a recipe for disaster.
A government watchdog has warned that private insurance companies are increasingly backing out of covering damages from major cyberattacks — leaving American businesses facing “catastrophic financial loss” unless another insurance model can be found.from the Government Accountability Office , which calls for a government assessment of whether a federal cyber insurance option is needed.
Given the wide and increasingly skilled range of actors willing to target US entities, the number of cyber incidents is rising at an alarming rate.
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