Key Takeaways
- Challenging macroeconomic factors such as rising inflation may leave many U.S. public finance issuers with fewer resources to maintain adequate cyber security protections, potentially raising their vulnerability to attacks.
- Substantive and rising cyber security insurance premiums, coupled with additional security requirements, will further challenge issuers’ ability to maintain coverage during a recession.
- Recessionary pressures may accelerate reductions in cyber security insurance coverage, compounding waning coverage levels due to high claims volumes in the past few years.
6 Jun, 2023