While the cyber and data privacy insurance market continues to mature, the escalating cyber threat landscape, coupled with ever expanding domestic and foreign data privacy and cyber event disclosure regulations, pose challenges for companies seeking to obtain enough insurance to mitigate the financial risks of cyber attacks.
A slew of new state and federal cybersecurity regulations have been enacted to further protect shareholders and consumers in the past 16 months. These new regulations are driving up the costs and reputational risk of each new cyber attack. This article explores cyber insurance market trends in the current regulatory landscape to help companies ensure they are adequately covered for cyber incident regulatory risks.
To read the full article, please visit reuters.com.