Given the prevalence of hacking incidents — before and after the Colonial Pipeline breach — more and more companies are purchasing cyber insurance to manage their risk. But are the pockets of large insurance companies deep enough?
A new report from the Government Accountability Office looked at the client list of a major insurance broker and found that the number of companies that bought policies grew from 26% to 47% over a four-year stretch.
Source: As ransomware and other cyberattacks grow, insurers struggle to keep up – Marketplace
