Cyber insurance market both shapes and benefits from data-security controls

The cybersecurity insurance market is playing a central role in both shaping and building on emerging data-security measures – and events this month, including comment deadlines in key initiatives, should further define the insurance industry's place in the cybersecurity policymaking arena.

Cybersecurity insurance purchases are up while the Obama administration is working to create the groundwork for encouraging expanded coverage for critical and other industries. Proponents of expanded cybersecurity coverage say insurers' need to quantify risks is driving data-security investments, while...