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Instant Insights / October is National Cybersecurity Awareness Month

The COVID-19 pandemic has revealed new cyber threats. Now's the time for insurance professionals and insureds to reexamine cybersecurity strategies and coverage.

Commentary

It’s time to shift the market dynamic in cybersecurity coverage

This is how insurers can best manage cyber liability and help insureds comply with cybersecurity laws.

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The cost of cybersecurity incidents to insurers has continued to skyrocket, reflecting the rapid pace and growing sophistication of cyberattacks. The financial stakes also are unprecedented, with as much as $21 trillion of worldwide economic-value creation at risk over the next five to seven years, according to McKinsey research.

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