Despite the relatively new nature of cyber insurance policies, small businesses are finding value in their offerings, according to witnesses who testified before the House Small Business Committee on July 26. “It affords me the knowledge that if we were hacked, protective steps have been taken to address any potential damages to the company and my employees,”said Robert Luft, president of SureFire Innovations. […]

Small businesses can struggle with the vagueness of “reasonable protection” requirements that Federal laws and regulations establish for personal data, according to experts who testified Wednesday at a House Small Business Committee hearing. […]