Arizona agency wants $22 million for ‘cyber risk fund’

guest · Sep 15, 2019

Arizona agency wants $22 million for ‘cyber risk fund’
September 13, 2019
https://www.azmirror.com/2019/09/13...-agency-wants-22-million-for-cyber-risk-fund/

The Arizona Department of Administration is requesting $22.5 million next year for a cyber risk fund that would help establish a statewide insurance and response for data breaches to state agencies.

Currently, ADOA risk management has no authority to pay out liability if a breach occurs. And most state agencies do not have a plan in place to respond to breaches, according to the agency’s proposal.
The proposal includes hiring 4 full time staff to work on helping agencies manage and create policies, as well as helping them if a breach occurs.

The program will likely take 18 months to get off the ground, and some changes to the law will have to be made to give ADOA’s risk management arm the ability to pay out liability claims.
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Arizona agency wants $22 million for ‘cyber risk fund’

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