According to the Government Accountability Office (GAO), cyber insurance sales increased from 26 percent in 2016 to 47 percent in 2020. The healthcare and education sectors accounted for a significant amount of cyber insurance uptake rates.
Cyber insurance can help healthcare organizations mitigate risk and manage the fallout from cyberattacks. But Fortified Health Security’s “2022 Horizon Report” urged healthcare organizations to remember that cyber insurance is not a band-aid for inadequate cybersecurity measures.
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