Insuring Uncle Sam’s cyber risk

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Over the past two months, I have received questions from insurance brokers about what capabilities are at my disposal to assist them support the US government defense contractor community. One consistent theme observed is a lack of “knowing” whether the panel firms – those organizations with pre-negotiated rates to support the carrier or broker – have staff with security clearances. Insurance entities are highly predisposed to assessing what credit card data or healthcare data resides on the insured’s system.

A little background to provide context

While these are important matters to be sure, these same data sets are now incorporated into the National Archives and Records Administration (NARA) Registry for Controlled Unclassified Information (CUI). So why should this matter to you? It may not apply at all. However, if your organization sells technology goods and services to the US government, there is an increased visibility into supply chain risks and CUI is at ground zero of the matter.

As a means of evaluating platforms that market themselves as rapidly identifying the right cyber insurance coverage or completing dry runs of more structured insurance applications for…

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