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News | Dec. 22, 2021

The Need for National Cyber Insurance - A Lesson to be Relearned

Securing a nation’s cyber borders requires a high degree of coordination and openness among the relevant units, including real-time information sharing and threat assessment. Unfortunately, however, not only is there little incentive for private sector entities to voluntarily offer the necessary level of cooperation, but policy makers in free societies are reluctant to force such measures on them. Even more unfortunate is the fact that the threats are real, substantial, and have the capacity to have an adverse impact far beyond the initial point of incursion. This raises the question as to whether or not there exist yet-to-be learned lessons that could point us toward a means of motivating businesses and other institutions to accept what would otherwise be unwelcome intrusion and expense.

 

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