S&P Global details ‘hurdles’ public sector entities face in obtaining cyber insurance

A recent report from S&P Global Ratings highlights the benefits of obtaining cyber insurance for public sector entities when it comes to bolstering defenses, while emphasizing how obtaining a policy can be difficult to achieve and costly.

"Insurance providers can play an important role in improving network resilience of policyholders by providing an ecosystem of cyber services--such as IT expertise, crisis management, data recovery--to prevent claims, or investigate any attacks for a policyholder quickly,” S&P says in the report...