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UK Conservatives Say 'No' to Cyber Insurance Backstop
March 11, 2024, 2:20 a.m. |
GovInfoSecurity.com RSS Syndication www.govinfosecurity.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.
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