From: MeriTalk
By:
Industry executives urged the Federal government Monday to do more to advance the use of blockchain technology to secure online financial transactions, and to get behind nationwide adoption of cybersecurity insurance.
***Cyber Insurance
Peter Beshar, executive vice president and general counsel of Marsh & McLennan Companies, one of the world’s largest insurance brokers, said the insurance underwriting process creates powerful incentives that can force behavioral changes at companies. Because insurance companies charge different premiums for different organizations based on the standards they meet, pricing pressures drive companies to adopt best practices, he said.
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