The Source for Cyber Insurance News, Insights and Data
“Lawmakers also want CISA (Cybersecurity and Infrastructure Security Agency) to report back in 90 days about the feasibility of a public-private ‘cyber insurance and data analysis’ working group and establishing an accreditation program for third-party cybersecurity providers that work with federal agencies, critical infrastructure operators and state and local governments.”
“(David Fringer, the executive director of information technology at Green Hills Area Education Association) said (cyber insurance) costs for the Council Bluffs school system three years ago when he worked there until June 2020 went from near $15,000 to $30,000 and then as high as $50,000 over a few years.” Another local expert noted that … Read more
American Property Casualty Insurance Association’s response to the federal government’s request for comment on cyber insurance issues: “We believe it is premature to explore the details of a federal insurance response without conducting a thorough study of the threshold questions raised above to determine where, if at all, such a response is needed. Nevertheless, experience … Read more
You’ve got until Jan. 17th to weigh in. See instructions in the embedded document at the link below. Requested feedback includes: “Address incentivizing cybersecurity adoption and compliance. TSA wrote that it ‘is particularly interested in comments on types of incentives, such as liability protection, insurance, commercial contracts, or other private- or public-sector options, that would … Read more
The report concerns a March 2022 attack on the Canadian tourist town of Banff, which apparently cost over $500,000. “Municipalities can be favoured targets of cybersecurity attackers because their cyber defences aren’t as sophisticated as higher levels of government. Attackers believe cities and towns may be more willing to pay ransoms than other organizations because … Read more