Creating a Federally Sponsored Cyber Insurance Program

Citation
Robert K. Knake, Creating a Federally Sponsored Cyber Insurance Program (Council on Foreign Relations) (Nov. 2016) (full-text).

Overview
The report recommends that a federally sponsored cyber insurance program should use the promise of limited financial liability to promote participation in initiatives that benefit Internet security as a whole and reduce systemic risk. Initially, the government's goal should be to use the program to promote data sharing of incidents so that insurers can accurately price risk and set premiums. Doing so could provide the data necessary to judge the effectiveness of existing best practices and identify new practices that should be widely adopted.