The race to avoid a race to the bottom

Business people running race

This week our friends Matthew McCabe and Tom Finan appeared in front of federal legislators to spread their massage of cyber data sharing.

 A creation of some kind of repository has long been recommended by Finan, now the chief strategy officer at Ark Network Security Solutions. As the senior cybersecurity strategist and counsel at the US Department of Homeland Security, Finan released a series of reports on behalf of the DHS National Protection and Programs Directorate about creating a cyber incident data repository.

 Here again, before the House Homeland Security Subcommittee on cybersecurity, infrastructure protection and security technologies, was Finan and McCabe (senior vice president of network security and data privacy at Marsh) outlining the merits of a repository: a better understanding of the risk; pricing cyber insurance; ability to analyze best practices; identify trends.

It will likely not be the last time they tell Congress about cyber insurance and cybersecurity—and all of the nuances and challenges. Washington moves slow…slower in an election year. But the conversations are occurring—even if they need to happen again to many new members of Congress after January.

 Finan, McCabe and others from the insurance industry who have, and will, testify to lawmakers are running a very delicate marathon. The government is needed but not that much.

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