Mandatory cyber insurance backed to improve incident response

  • European Union
  • 03/08/2019
  • Out Law

Making cyber insurance compulsory would help improve the way businesses respond to cyber attacks and data breaches, a cyber risk expert has said.

Freya Ollerearnshaw of Pinsent Masons, the law firm behind Out-Law.com, said, though, that a benchmarking exercise would need to be conducted before policy makers move to mandate take up.

Ollerearnshaw was commenting after the idea of compulsory cyber insurance was mooted by Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (EIOPA), at a fintech conference in Brussels on Tuesday (continue)

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https://www.out-law.com/en/articles/2019/february/mandatory-cyber-insurance-incident-response/