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Scant evidence that cyber insurance boom is leading to better security

SC Magazine

Photo by Spencer Platt/Getty Images). Although ransomware is “a societal problem,” the authors note that cyber insurers are facing some heat for the role they play in financially propping up the cyber-criminal industry. One example of a favorable impact cited by the authors: claims by U.S.

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As market for cyber insurance booms, watchdog calls for better data

SC Magazine

Photo by Spencer Platt/Getty Images). John Pescatore, director of emerging security trends at the SANS Institute, said last week that this lack of data is causing the market costs of cyber insurance to be more sensitive and yo-yo in response to short-term conditions or developments.