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UK Conservatives Say 'No' to Cyber Insurance Backstop
March 11, 2024, 2:18 a.m. |
BankInfoSecurity.com RSS Syndication www.bankinfosecurity.com
The Conservative government of British Prime Minister Rishi Sunak says it won't champion a reinsurance plan for cyber insurance similar to flood insurance, telling a parliamentary committee it doesn't want to "damage competition." Global ransomware payments surged to record levels during 2023.
british competition conservatives cyber cyber insurance flood global government insurance payments prime ransomware ransomware payments record rishi sunak strategy
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