There’s been a lot of talk lately about the role of government in the private business sector, so it’s fitting that, since October is Cyber Security Month, the White House reports President Obama is said to be considering an Executive Order that will ultimately impact both the public and private sectors, including the insurance industry.
As a formal response to stalled cyber security legislation, the order is predicted to include information-sharing measures for infrastructure providers, and will direct federal agencies to develop “voluntary cyber security guidelines” for critical infrastructure owners, such as power and water companies, chemical plants and even financial networks. Currently, say analysts, more than 80 percent of critical infrastructure is owned by the private sector.
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