US Treasury Bureau: Cyber Insurance Premiums Rising

Cybersecurity insurance is getting more expensive as insurance underwriters grapple with a lack of data on this ever-evolving coverage area.

The Office of Financial Research (OFR) says that cyber insurance premiums are rising as the insurance industry struggles with this unpredictable new coverage area.

The OFR said in its annual report to Congress, published this month, that while cybersecurity is probably the financial industry’s biggest concern at this point, insuring against it is getting more expensive. Part of the reason is that underwriters and actuaries lack adequate data for their risk models.

“Premiums on cyber insurance

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

Firms step up non-compete use to protect tech, data IP

US states are increasingly banning or limiting the use of non-compete contracts, but financial firms are using them more frequently to safeguard proprietary tech and data assets—including the knowledge of the individuals who work on them.

Waters Wrap: Examining ASX’s CHESS do-over

The Australian exchange was the first exchange to be all-in on DLT—and the project failed. Anthony speaks with ASX’s Tim Whiteley to discuss the lessons learned and why he thinks the second attempt will succeed.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here