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Cyber Insurance: Better Protection Against Online Attacks

This new act aims to help citizens and businesses better understand cyber insurance. A special working group will be established to clarify complex terms and assist in evaluating which insurance best protects against cyberattacks, such as ransomware. This will make it easier to choose the right policy and financially secure oneself against the consequences of online incidents.
Key points
An expert group will be formed to simplify the language of cybersecurity insurance policies, making them understandable to everyone.
Citizens and businesses will receive clear information on how cyber insurance protects against various types of attacks, including ransomware.
The act aims to help reduce the cost of cyber insurance and decrease the risk of cyberattacks through better security practices.
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Additional Information
Print number: 119_S_245
Sponsor: Sen. Hickenlooper, John W. [D-CO]
Process start date: 2025-01-24