Cyber insurance might do a better job at regulating than regulations can

From: Washington Examiner

by Charlie Mitchell

The market for cybersecurity insurance is enjoying annual double-digit growth among companies of all kinds, according to insurance-sector sources, and industry observers are now saying insurance could do a better job keeping businesses in line than government regulations can.

“The insurance market is doing a good job of providing service. We’re moving in the right direction so I don’t encourage the government to rush in to help,” said Matthew McCabe of the Marsh global insurance firm.

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