New York issues cyber insurance framework as ransomware, SolarWinds costs mount

Reseller News
Join Reseller News
Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.Sign up now
New York issues cyber insurance framework as ransomware, SolarWinds costs mount
State looks to protect one of its core industries, which is threatened by mounting and potentially "unsustainable" losses due to the SolarWinds and ransomware attacks
Credit: Dreamstime
On February 4, 2021, New York became the first state in the US to issue a cyber security insurance risk framework to all authorised property and casualty insurers.
In releasing the framework, New York's Department of Financial Services (DFS) said that "from the rise of ransomware to the recently revealed SolarWinds-based cyber-espionage campaign, it is clear that cyber security is now critically important to almost every aspect of modern life – from consumer protection to national security."

Related Keywords

New York ,United States ,Zurich ,Zusz ,Switzerland ,Russia ,Russian ,Solarwinds Orion ,Brent Leith ,Meredith Schnur ,York Department Of Financial Services ,Financial Services ,Foreign Assets Control ,Marsh United States ,Cyber Liability ,Solar Winds ,Ransomware ,Security ,புதியது யார்க் ,ஒன்றுபட்டது மாநிலங்களில் ,ஸுரி ,சுவிட்சர்லாந்து ,ரஷ்யா ,ரஷ்ய ,ப்ரெண்ட் லீத் ,மெரிடித் ஶ்நர் ,யார்க் துறை ஆஃப் நிதி சேவைகள் ,நிதி சேவைகள் ,வெளிநாட்டு சொத்துக்கள் கட்டுப்பாடு ,சதுப்பு நிலம் ஒன்றுபட்டது மாநிலங்களில் ,சைபர் பொறுப்பு ,சூரிய காற்று ,பாதுகாப்பு ,