US Treasury Weighs Cyber Insurance Backstop
Federal Review Questions Whether Private Insurers Can Absorb Cyber Losses
A Department of the Treasury review of cyber risk under the Terrorism Risk Insurance Program comes amid concern that nation-state attacks and systemic cyber events may overwhelm private insurers, raising the prospect of a federal backstop to protect critical infrastructure and economic stability.
A Department of the Treasury review of cyber risk under the Terrorism Risk Insurance Program comes amid concern that nation-state attacks and systemic cyber events may overwhelm private insurers, raising the prospect of a federal backstop to protect critical infrastructure and economic stability.