Standardization of Insurance Policies Could Improve Defense Contractors’ Cybersecurity

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One way the Pentagon could improve the cybersecurity of its supply chain would be for standardized insurance policies that cover cyberattacks, according to a new report “The Time for Cyber Insurance: Coverage Improves Supply Chain Resiliency,” from the Foundation for the Defense of Democracies.

Cyber disruptions can lead to a freeze in contractor operations, a failure to perform under contract, or the need to find replacement parts to due to supply chain disruption. However, “due to a lack of Defense Federal Acquisition Regulation Supplement requirements, many critical DIB businesses still lack this important coverage,” the report states.

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