President Obama ordered the National Institute of Standards and Technology to lead a cybersecurity framework of best practices. A draft of the framework is due in October; a Senate panel has introduced legislation to codify Obama’s executive order. Experts say the cyber-insurance marketplace hasn’t matured to the point where large, critical infrastructure operators can transfer a significant portion of their cyber-risks to insurers. Insurance is a risk tool where someone else absorbs some of the risk, both parties need to understand the risk and determine its value.”]
Source: https://www.govinfosecurity.com/debating-maturity-cyber-insurance-a-5944