Speaking at The Council’s Legislative Summit last week shortly after introducing cyber legislation, Senator Tom Carper (D-DE), ranking member of the Homeland Security and Governmental Affairs Committee, stated that cyber insurance “has the potential of changing behavior by encouraging businesses and others to protect against cyber attacks.”
Carper believes that cyber insurance will encourage businesses “raise their game”, which in-turn will limit damage resulting from an attack. Business Insurance has more.
Additionally, Carper introduced the Cyber Threat Sharing Act of 2015, which aims to “better protect private industry and the federal government from evolving and growing cyber threats to our national and economic security,” by taking “critical steps to remove barriers in order to increase the sharing of cyber threat data between private industry and the federal government.”