Call us now:
Following on from the release of the GAO report on the challenges cyber insurance policy holders face earlier this month. Whilst central to government policy Congressman Jim Langevin, a co-chair of the Cybersecurity Solarium Commission makes the point that during a recent NexGov event ¢â‚¬Å“[If] company A is investing heavily in cybersecurity¢â‚¬â€again based on data,‚ say from a bureau of cyber statistics¢â‚¬â€then you know they would have hopefully, I believe it would be a much lower premium for their their cybersecurity protection, and company B who chooses not to invest in those cybersecurity technologies and protocols, then they would have a much higher premium, and that would be a market driver to help more to be done, and driving companies to do more on cybersecurity,¢â‚¬Â
The current TRIA program does not provide adequate support in the event of a cyber attack, with the potential impact being significantly greater than the fund provides. Should US taxpayers be the insurer of last resort, ahead of companies implementing adequate cyber controls?
View Original Post
https://www.linkedin.com/feed/update/urn%3Ali%3Ashare%3A6802845205373427712