Cyberattacks to be insured like accidents: Ministry of Finance discusses new rules for critical infrastructure
Russia's Finance Ministry is discussing mandatory cyber-risk insurance for critical-infrastructure companies, with no decision yet.
Deputy Finance Minister Ivan Chebeskov said Russia's Ministry of Finance is discussing mandatory cyber-risk insurance for companies associated with critical infrastructure. The idea follows existing compulsory civil-liability insurance for owners of hazardous facilities, which compensates others harmed by an accident. The obligation would apply to businesses rather than individuals. Chebeskov said there is no concrete decision and the issue remains under discussion.
- Proposal would mandate cyber-risk insurance for critical-infrastructure companies, not individuals.
- It would mirror existing liability cover for owners of hazardous facilities.
- Deputy Finance Minister Ivan Chebeskov said no decision has been made.
- Organizations
- Ministry of Finance of Russia
- Countries
- Russia
From the original article
1 min read at databreaches.netRoman Zaharov reports: Cyberattacks may start to be insured according to the principle already in effect for hazardous facilities. The Russian Ministry of Finance is discussing the possibility of making cyber risk insurance mandatory for businesses associated with critical infrastructure. This was stated by Deputy Finance Minister Ivan Chebeskov on the sidelines of the Moscow...
By Dissent · databreaches.net
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