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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. The report describes key trends in the current market for cyber insurance, and identified challenges faced by the cyber insurance market and options to address them. To conduct the study, GAO analyzed industry data on cyber insurance policies; reviewed reports on cyber risk and cyber insurance from researchers, think tanks, and the insurance industry; and interviewed Treasury officials.


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