(TV station) KGW asked 20 of the largest cities in Oregon for a copy of their cyber insurance policies. Eighteen cities had coverage. Two did not — McMinnville and Redmond.
KGW’s review found that in many cases cyber insurance costs have skyrocketed due to the surging attacks. In Portland, annual premiums jumped from $220,000 last year to $325,388 this year — a 49% increase.
Bend’s cyber insurance premiums jumped from $28,134 for its previous policy to $72,100 for the city’s current policy — a spike of 156%.”
Source: Portland sees cyber insurance costs skyrocket as attacks rise | kgw.com