The rise in the costs of data breaches, ransomware, and other cyber attacks leads to rising cyber insurance premiums and more limited cyber insurance coverage. This cyber insurance situation increases risks for organizations struggling to find coverage or facing steep increases.
Some Akin Gump Strauss Hauer & Feld LLP's law firm clients, for example, reported a three-fold increase in insurance
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CISA teases cyber incident reporting rule for critical infrastructure - Compliance Week
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