Treasury cyber insurance claims data gets gov watchdog nod

Cyber insurance Support

A Government Accountability Office to release report on the Treasury’s role in shaping market in the spring. The Government Accountability Office has shown its support for the Treasury Department’s rising data collection from cyber insurance providers regarding claims. The information collection occurs by way of a program permitting the government to help with payouts. The data collection is permitted because of a program making it possible for the government to help out with cyber insurance payouts to policyholders when a catastrophic event occurs. The Federal Insurance Office at the Treasury…

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