Cyber security framework marches forward

July 3, 2017Media Mention
Business Insurance

The cyber security executive order issued by President Donald Trump in May is targeted at government agencies, but it is expected to have a much wider influence, which will benefit both policyholders and insurers.

Private companies seeking government contracts will likely be held to the same standards as the agencies they deal with, which will lead to the wider adoption of the cyber security framework proposed by the National Institute of Standards and Technology, say experts.

And the increased compliance with NIST will make the framework even more influential in businesses in all sectors of the economy.

The order requires agency heads to be guided by Gaithersburg, Marylandbased NIST’s Framework for Improving Critical Infrastructure Cybersecurity, issued in February 2014.

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