Recent incidents highlight the urgent need for enhanced cyber defenses as personal information, airlines, and businesses face unprecedented attacks. The growing reliance on technology requires robust insurance solutions, yet 90% of cyber damages remain uninsured due to gaps in coverage and awareness. A proposed government-backed reinsurance program could mitigate risks for insurers and reduce overall insurance costs, benefiting the economy. However, Congress is hesitant to pass necessary reforms, potentially delaying critical cybersecurity protections for nearly a decade. Policymakers must prioritize addressing systemic cyber threats rather than narrowly focusing on notions of cyber terrorism. The time to act is now to ensure adequate coverage and protect against substantial financial losses.
👉 Pročitaj original: CyberScoop
