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The State of the Cyber Insurance Market

Organizations have come to rely on cyber insurance to mitigate the impact of increasingly sophisticated, disruptive, and wide-spread cyber attacks. As a result, insurers are issuing more policies, and the amounts of protection available are increasing but it is becoming more challenging to stay insurable affordably. Because of the drastic rise of cyberattacks, insurance companies are reducing coverage, increasing rates, and deeming clients “uninsurable.”