The Source for Cyber Insurance News, Insights and Data
Google exec @MonicaShokrai details the benefits of such a federal policy, including attracting more capital to the cyber insurance market: “Broadly speaking, insurance can drive resilience as a society: Not only can it enable a fast and effective distribution of funds in the event of a catastrophe, it can also provide a predefined path to … Read more
“While many companies have already started to incorporate general disclosure of cyber liability insurance in their discussion of cyber risks, we should expect to see this continue, especially as coverage limitations and exclusions in cyber liability insurance policies may pose their own risks.” The report notes that while reporting is good, there can be too … Read more
“Multiple outlets reported Wednesday that DC Health Link suffered a data breach earlier this week. The company confirmed to Nextgov that data for select DC Health Link customers had been exposed on an unnamed public forum. Following the breach, the company said it is working with law enforcement and forensic investigators to determine the scope … Read more
A new French law, which kicks in April 24, requires companies to report cyber incidents to authorities within 72 hours or lose their eligibility for cyber insurance reimbursement. Qu’est-ce qui pourrait mal se passer? Well, there are a few little issues to iron out, say industry observers. Such as: *Report the incidents to whom? There … Read more
From a press release from Shelley Moore Capito (R-WV) on the proposed “Insure Cybersecurity Act:” “A new bill by Sens. John Hickenlooper (D-CO) and Shelley Moore Capito (R-WV) would establish a Commerce Department working group to ‘improve communication over cybersecurity insurance coverage levels…’” “The bill requires establishment of the NTIA cyber insurance working group within … Read more