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 appear to be at least two French government agencies that could take the reports.
*Report the incidents when? Is it 72 hours after the company determines it’s had a security incident, or within 72 hours of the event occurring?
*Report the incidents where? What if a French company is hacked “in” a foreign country where it’s covered by a foreign insurance company? Must they report to French authorities (once they figure out which agency is supposed to get the reports)?
Source: French Cyber Insurance Law Provokes Uncertainty