Analysis

Insurers Play A Key Role In Infrastructure Cyberattack Defense

By Angela Childers (November 5, 2021, 8:51 PM EDT) -- Several high-profile cyberattacks in the past 18 months have increased government scrutiny and led insurers to tighten cyber policy underwriting, but experts say the insurance industry also has a role to play in improving the cybersecurity of critical infrastructure companies.

Colonial Pipeline Co. was hit with a ransomware attack in May, which shut down its refined petroleum products pipeline system. (AP Photo/Seth Wenig) The administration of President Joe Biden has made protecting the nation's critical infrastructure from hackers a priority in response to the attacks on SolarWinds and Colonial Pipeline in 2020 and 2021. Between May and September, the U.S. Transportation...

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