The White House wants to engage the insurance industry to help develop cybersecurity standards. The goal of this collaboration would be to promote the adoption of cyber-risk reducing measures and risk-based pricing and foster a competitive cyber-insurance market. The departments of Homeland Security, Commerce and Treasury have identified eight incentives the federal government could use to encourage the nations critical infrastructure owners to adopt voluntary IT security best practices, the White House says. The National Institute of Standards and Technology is developing a cybersecurity framework under the auspices of the NIST.”]
Source: https://informationsecuritybuzz.com/news/cybersecurity-framework-making-it-work/