"Worried About Hackers, States Turn to Cyber Insurance"

As the severity of cyberattacks continues to grow, states are increasingly making use of cyber insurance for protection. Cyber insurance policies are meant to cover the massive losses and expenses faced by states in the event that their computer networks are hit by cyberattacks. The cost of performing a number of crucial activities following the event of a cyberattack is also covered by such policies, which include investigating, restoring data, alerting victims, credit monitoring, and more. This article further discusses specific cases in which cyber insurance has been purchased and used by states, along with the growing cyber insurance market. 

GovTech reports "Worried About Hackers, States Turn to Cyber Insurance"