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 90 days of enactment, with members from CISA, NIST, and the Treasury and Justice departments. It would be chaired by Commerce’s assistant secretary for communications and information, who leads NTIA.
The working group would ‘analyze and explain in a manner most understandable to customers the technical and legal terminology commonly used in policies; analyze, and develop recommendations regarding, provisions in policies that relate to ransomware and ransom payments made in response to ransomware; [and] analyze and explain in a manner most understandable to customers the terminology used in policies to include or exclude coverage for losses due to cyber incidents that are caused by cyberterrorism or acts of war.’”