A Cyber Insurance Backstop
Schneier on Security
FEBRUARY 28, 2024
11, 2001, terrorist attacks. The 9/11 attacks cost insurers and reinsurers $47 billion. The answer is to ensure that a backstop applies only to companies that follow basic cyber hygiene guidelines, or to insurers who require those hygiene measures of their policyholders. But this is easier said than done.
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