Tabs

Bank Insurance Agency Management
Community Banks and Insurance
Compliance and Risk Management
Wealth Management
Insurance Product Marketing
Advocacy

Friday, January 13, 2017

Cybersecurity Report for Trump Recommends Market Incentives for Businesses

The Center for Strategic & International Studies (CSIS) Cyber Policy Task Force sent a report to President-Elect Trump highlighting the wide range of cyber threats in the government and private industry and recommendations to companies to obtain cybersecurity insurance. Rep. Michael McCaul (R-Texas), a member of the cyber security task force stated that the a “key challenge” for both U.S. business and government is improving the cybersecurity workforce".

The report recommends that the next administration implement an ambitious education and workforce model for cyber security by providing market incentives such as policy discounts for organizations that are taking appropriate precautions with their network security. "The cybersecurity market has become a multibillion-dollar source for innovation and services to secure vulnerable networks, and “given the usefulness of these programs, the administration should focus on clarity and incentives to accelerate vulnerability discovery,” the report said.

Read full report.