S.245 - Insure Cybersecurity Act of 2025 (119th Congress)
Summary
The Insure Cybersecurity Act of 2025 aims to improve understanding and accessibility of cyber insurance. It mandates the Assistant Secretary of Commerce for Communications and Information to establish a working group on cyber insurance. The working group will analyze cyber insurance policies, develop informative resources for stakeholders, and provide recommendations to Congress.
Expected Effects
This act will likely lead to better-informed consumers and businesses regarding cyber insurance. It may also encourage the development of more effective and affordable cyber insurance policies. Ultimately, this could reduce the financial impact of cyber incidents on individuals and organizations.
Potential Benefits
- Improved understanding of cyber insurance policies for customers.
- Enhanced ability for businesses to evaluate and obtain appropriate cyber insurance coverage.
- Development of clearer and more standardized terminology in cyber insurance policies.
- Potential reduction in the cost of cyber insurance policies through improved risk management.
- Increased resilience of critical infrastructure and businesses against cyberattacks.
Potential Disadvantages
- The creation of a working group and dissemination of resources could incur administrative costs.
- The act does not mandate any specific changes to insurance policies, so its effectiveness depends on voluntary adoption of recommendations.
- The act may not address all the complexities of cyber insurance, particularly for highly specialized or novel cyber risks.
- Small businesses may still find cyber insurance unaffordable despite the act's efforts to reduce costs.
- The act's reliance on the Assistant Secretary of Commerce may lead to delays or inefficiencies if the position is not adequately staffed or prioritized.
Constitutional Alignment
The Insure Cybersecurity Act of 2025 appears to align with the Constitution, particularly the Commerce Clause (Article I, Section 8), which grants Congress the power to regulate commerce. By addressing cyber insurance, the act indirectly impacts interstate commerce, as cyber incidents can have widespread economic effects. The act does not appear to infringe upon any individual liberties or rights guaranteed by the Bill of Rights.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).