Review - Treasury Publishes RFI for Cyber Incident Financial Risk Assessment

Today, the Treasury Department published a request for comment in the Federal Register (87 FR 59161-59163) concerning “Potential Federal Insurance Response to Catastrophic Cyber Incidents”. This action is being taken in response to a GAO recommendation to “to produce a joint [with CISA] assessment for Congress on the extent to which the risks to the nation's critical infrastructure from catastrophic cyberattacks, and the potential financial exposures resulting from these risks, warrant a federal insurance response.”

The request for comments is looking for responses to questions in the following areas:

Catastrophic cyber incidents,

Potential federal insurance response for catastrophic cyber incidents, and

Other information.

Public Comments

The Treasury is soliciting public comments on these topics. Comments may be submitted via the Federal eRulemaking Portal (www.Regulations.gov). Unfortunately, today’s notice does not include a docket number for this request and the Portal does not currently list this information request, based upon past experiences it should show up there tomorrow. Alternatively, comments may be snail mailed to:

Federal Insurance Office

Attn: Richard Ifft, Room 1410 MT

Department of the Treasury

1500 Pennsylvania Avenue NW

Washington, DC 20220

Comments should be submitted by November 14^th, 2022.

 

For more details about the information that the Treasury is looking for, see my article at CFSN Detailed Analysis - https://patrickcoyle.substack.com/p/treasury-publishes-rfi-for-cyber - subscription required.