Europeans Want to Beat US Regulators to Cyber Standards that Support Insurance  

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“’So I think we should have reference standards appropriate for SMEs that would be a real target for them to know what they should do to implement cybersecurity. If we do that, then insurers will also be happier to insure them. So we would have better cyber protection and cyber risk management across Europe,’ said (Federation of European Risk Management Associations VP Philippe) Cotelle, who is also head of cyber insurance and head of insurance risk management at Airbus Defence & Space.”

Source: EU working on cybersecurity standards to boost risk management | Business Insurance

Mark Sauter

Mark Sauter’s insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook “Homeland Security: a Complete Guide,” Sauter was also a consultant to one of the world’s largest software companies and served as a US Army Special Forces and infantry officer.

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