Treasury Troubled by Smaller Firms Not Buying Cyber Insurance

Deputy U.S. Treasury Secretary Sarah Bloom Raskin recently stated that she is worried by the slow cyber insurance take up rate of smaller companies (bellow $1 billion in revenue). Raskin stated that “while the overall cyber risk insurance market is growing tremendously, larger corporate clients have driven much of the expansion. Smaller companies, on the other hand, have not followed suit.” Insurance Journal has the whole story.