Senators from West Virginia and Colorado introduced the Insure Cybersecurity Act to congress. The bipartisan legislation is meant to protect consumers and small businesses against cyberattacks by providing clearer information surrounding cyber insurance policies.
The Insure Cybersecurity Act will direct the National Telecommunications and Information Administration (NTIA) to create a dedicated working group to develop recommendations for issuers, agents, brokers and customers to improve communication over cybersecurity insurance coverage levels. It will also direct the NTIA to publish easily understandable resources on cybersecurity insurance.