Countywide

Metro staff seek approval to buy $50 million cyber insurance policy for up to $2.7 million

The one-year policy would cover ransomware, breach response and data recovery costs starting September 1, 2026.

Metro· posted Jun 2Spending$2.7M

Metro would carry up to $50 million in cybersecurity insurance covering ransomware payments, breach notification, data recovery and privacy claims, with the agency paying the first $5 million of any loss. The Finance, Budget and Audit Committee is asked to let the Chief Executive Officer buy the policy from Brit UK for no more than $2.7 million.

What happens next

Committee consideration · Jul 16

Named in this record
Metro
Metro

Photo: Steve Hymon/Metro, Public domain, via Wikimedia Commons

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