Will Congress Do Anything About Cyber Risk?

Lockton’s Ben Beeson quoted in Business Insurance

Beeson_Ben_HR“How do you get industry to raise its game, to improve its resilience against [a cyber] threat?” he said. “I don’t think you can legislate minimum security standards. It’s about an approach, a culture. It’s very difficult to be prescriptive.” Congress would rather see the market try to help solve the problem, Mr. Beeson said. “It puts the insurance industry in a place perhaps where it didn’t expect to be: Congress says, “We want you at the front of the conversation.'”

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