Survey: U.S. insurers earned $1B in cyber premiums last year
August 26, 2016
U.S. insurers took in almost $1 billion in premiums last year for writing cybersecurity policies, according to new figures from credit analysts at Fitch Ratings.
David Stegon was a staff reporter for FedScoop and StateScoop from 2011-2014.
The Defense Information Systems Agency awarded seven vendors a spot on the Global Information Grid Services Management-Engineering, Transition and Implementation contract valued at $1.4 billion, according to the Department of Defense.
The indefinite-delivery, indefinite quantity contract will be used to provide the Department of Defense a range of network engineering and support services.
The winning vendors will compete for business for at least the next two years as the contract has a two-year base period and one two-year option and a one-year option.