"Cybersecurity is the biggest risk for government and industry, bar none. Cyber insurance is critical to managing and reducing the extraordinary risk we face from cyber intrusions," said DFS Superintendent Linda A. Lacewell. (Credit: Golden Sikorka/ Shutterstock)

In a first of its kind move by a U.S. regulator, the New York State Department of Financial Services (DFS) has issued a cyber insurance risk framework, which outlines best practices for the state's regulated property and casualty insurers.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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