White House working on cyber insurance policy proposal for ‘catastrophic’ incidents
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Summary
The White House is developing a new cyber insurance policy proposal aimed at addressing catastrophic cyber incidents, as announced at the Black Hat cybersecurity conference. National Cyber Director Harry Coker revealed that his office, in collaboration with the Department of Treasury’s federal insurance office and the Cybersecurity and Infrastructure Security Agency (CISA), is set to release the proposal by the end of the year. The initiative, part of the broader National Cybersecurity Strategy, seeks to manage risk, stabilize the insurance market against catastrophic cyber threats, and improve national cybersecurity resilience. Current efforts focus on challenges related to actuarial data and understanding stakeholder needs within the insurance industry.
