Senate places a focus on cyber insurance coverage against data breach

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A subcommittee is currently looking into the protection that is required for consumers through those policies. U.S. Senator Jerry Moran (R-Kansas), the chair of the Subcommittee on Consumer Protection, Product Safety, Insurance, and Data Security recently held an “Examining the Evolving Cyber Insurance Marketplace” hearing to place the focus on the issue of data breaches. This hearing looked into the market selling policies that are meant to provide consumers with protection against cyber attacks. It examined the rapidly growing cyber insurance market and heard experts speaking about the various challenges,…

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