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Fortune
Fortune
Shmulik Yehezkel

The cost of cybersecurity insurance is soaring–and state-backed attacks will be harder to cover. It’s time for companies to take threats more seriously

(Credit: THOMAS SAMSON - AFP - Getty Images)

State-backed cyber attacks are on the rise–but they are not raising the level of alarm that they should in the corporate world.

When working with companies, my team often encounters executives who say they have insurance, so everything will be alright. Or, they say they are not likely to be targeted by state-backed attackers because their company doesn’t have any political or strategic importance.

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