Cybersecurity
Insurers Are Rethinking How They Cover Hacks With Cyberattacks on the Rise
- Some providers are tightening standards, raising prices
- Costs and risks mount for $3 billion cyber-insurance industry
Photographer: Oliver Nicolaas Ponder/EyeEm/Getty Images
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The hacks came one right after another, sowing chaos at hospitals, idling America’s biggest gasoline pipeline, crippling a huge meat supplier and devastating hundreds of companies over the July 4 weekend.
Now, insurers are reassessing the cyber business.