As cyberattacks continue to rise, the federal government is contemplating whether it should step in to help private insurance companies cover some of the costs related to severe cyber incidents. The Treasury Department and Cybersecurity and Infrastructure Security Agency (CISA) recently asked stakeholders in the industry to weigh in on whether there’s a need for a federal insurance response to "catastrophic" cyber incidents and, if so, how such a program should be implemented. The request stems from recommendations made by the Government Accountability Office (GAO) suggesting that the agencies conduct a joint assessment to determine the federal government’s role in cyber insurance.
Hence then, the article about federal government considers sharing costs for catastrophic cyber incidents was published today ( ) and is available onThe Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Federal government considers sharing costs for ‘catastrophic’ cyber incidents )