Report Suggests Linking Cyber Insurance to Expiring Terrorism Insurance Program
FinancialMoneyPolicyCongresscyber insuranceFoundation for Defense of DemocraciesInstitute for Security and TechnologyOffice of the National Cyber Directorterrorism
A report published on Tuesday recommends that Congress use the renewal of a terrorism insurance program to create a federal backstop for cyber insurance. This terrorism insurance program is set to expire. The report, written by the Foundation for Defense of Democracies and the Institute for Security and Technology, suggests that this initiative could help develop the cyber insurance industry, which is considered insufficiently developed. The report also mentions the Office of the National Cyber Director as an entity involved in this recommendation.