Across the United States, many local governments and states — as well as private companies — are discovering their cyber insurance premiums have skyrocketed and that they must meet stricter guidelines. “Cyber insurance used to be very cheap,” said Alan Shark, executive director of the CompTIA Public Technology Institute, a Washington, D.C.-based nonprofit that provides consulting services to local governments. “But things have changed, and insurance companies are increasing rates dramatically and raising the bar and making it harder to get insurance. Some local governments may no longer be able to get it.”
