Cyber insurance regulations: Senate probes federal data breach protections bill

Cyber insurance is becoming a significant market force that will drive improved cyber security for both companies and by extension the consumers and the nation as a whole. It is more than just an instrument to transfer risk, it provides incentives to understand and mitigate risks. To wit, attached is a summary of the most recent Senate hearing: U.S. Sen. Jerry Moran (R-Kan.), chair of the Subcommittee on Consumer Protection, Product Safety, Insurance, and Data Security, held a hearing March [...]