Wyly Wade

White House proposes formation of a cybersecurity insurance market

Insurance

A new study found that 31% of companies have cybersecurity insurance policies, while 39% planned to purchase a policy in the future. The study, released Wednesday by information services group Experianplc, underscores the quick development of the nascent industry, which has picked up speed in recent years as companies wake up to a pervasive cyber threat.“There is a definite expansion of cyber insurance, and growing interest in it,” said Michael Bruemmer, vice president at Experian Data Breach Resolution.

White House proposes formation of a cybersecurity insurance market.

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