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 Government Accountability Office released a report outlining cybersecurity and its role in preventing economic espionage – the threat of U.S. proprietary information, intellectual property or technology by outside factors.
GAO was asked to testify on the cyber aspects of economic espionage and released a statement that discusses cyber threats facing the nation’s systems, reported cyber incidents and their impacts, security controls and other techniques available for reducing risk, and the responsibilities of key federal entities in support of protecting intellectual property.