The U.S. Government Accountability Office(GAO) has reported again on the issues of cybersecurity on the U.S. economy, and the potential for…

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The U.S. Government Accountability Office(GAO) has reported again on the issues of cybersecurity on the U.S. economy, and the potential for catastrophic losses in the event of cyber attacks. With cyber insurance and the government backstop for losses from terrorism being in no position to manage the risk of a cyber attack on U.S. CNI.

One wonders why regulators are starting to introduce legislation and enforcement programs to drive cybersecurity compliance. The cyber insurance industry has the opportunity to support organisations manage the risk, if it choses to take a position of setting cybersecurity compliance standards. But so far it has not.

Ted Dziekanowski

#cybersecurity #cybersecurityriskmanagement #regulation #theaugustagroup

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