The indirect costs to state and local governments of not being able to attract enough talent and under investment in cyber security is a rise in

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The indirect costs to state and local governments of not being able to attract enough talent and under investment in cyber security is a rise in their risk profile.

‘Deloitte reported that 55% of states reported no more than a 5% increase in cybersecurity budgets in 2022 despite the expanding threat’

With the subsequent knock on effect of an impact in their ratings. Ratings that directly affect the costs of credit and debt pricing. Also increasing their insurance premiums, as cyber attack frequency, severity and complexity increase and more attacks are successful.

Ted Dziekanowski

#cybersecurity #cyberriskmanagement #cyberlaw #cyberrating #theaugustagroup

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