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Cyberinsurance Can Strengthen Data Security, House Hears

Law360, Los Angeles (March 22, 2016, 1:55 PM EDT) -- Cybersinsurance can strengthen companies' data security practices by fostering a dialogue about effective management of cyber risks among executives and information technology specialists, experts told a U.S. House of Representatives committee Tuesday.

During a hearing before the House Homeland Security Committee, representatives from the insurance and data security sectors outlined the growth of the cyberinsurance market and how cyber-specific policies can fit into companies' overall risk management regimes.

Tom Finan, chief strategy officer at Ark Network Security Solutions and a former leader of the Department of Homeland Security's cyber incident data and analysis working group, told the committee that cyberinsurance can...

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