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Citation[]

The Pew Charitable Trusts, Worried About Hackers, States Turn to Cyber Insurance (Nov. 10, 2017) (full-text).

Overview[]

The number of U.S. states that have purchased cyber insurance has grown from 10 in 2015 to 19 in 2016, according to information gathered from state CIOs. The policies usually cover costs associated with investigations and data restoration, as well as customer notification, legal and public relations services, and credit monitoring.

"Hackers and cybercriminals in recent years have taken aim at state and local government networks, which contain information such as Social Security, bank account and credit card numbers on millions of people and businesses. And online activists have hijacked government computer systems, defaced websites, and hacked into data or email and released it online."