Many do not realize this, but Donald Trump largely won the election because of cyber security failings by the current administration. Don’t believe me? Cyber security losses are a huge factor in inflation and have caused a massive economic problem, which has decimated healthcare and cost billions to government agencies, all while financing Hamas and the war in Ukraine.

These macroscopic problems may not seem to be linked to cyber security losses, but they are. While politicians like to pretend it is a minor, specialized issue, the fact is that cyber losses are now decimating business and hurting the monetary supply. They are a huge factor in why American businesses are failing and why it is harder than ever to compete. The pain that Americans feel at the gas pump, when they get their pay check, pay for insurance and the problems in the world are not 100% caused by poor management of cyber risks, but that is part of it.

The biggest problem, as I have stated before, is that we simply cannot improve things until the insurance sector cleans up its act. The moral crisis we now are seeing is caused primarily by the insurance sector, which has made the decision that it is fine to lose money on cyber security and it’s fine to raise rates. They’ve created a monster, and that monster can’t be kept at bay until regulators wise up and recognize that insurance must be held accountable for the disgusting and despicable conduct of cyber security underwriters.