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Board approves $2 million cyber insurance policy through Great American Spirit program
Summary
The board approved binding cybersecurity insurance for the district, described by staff as coverage up to $2 million at a reduced cost. The measure was approved as part of the Oct. 15 consent agenda.
The Niagara Falls City School District board on Oct. 15 approved a resolution to bind cybersecurity insurance through the Great American Spirit Insurance Company (procured via the district’s risk-management broker), authorizing coverage described by staff as up to $2,000,000 at a reduced cost.
District leaders said the policy improves the district’s protections and complements ongoing IT security work. The resolution was approved as part of the consent agenda; a roll-call vote in the meeting minutes recorded approval.
The board previously discussed ongoing IT and cyber-risk work, including penetration testing and other internal security exercises, and staff said they would continue monitoring vulnerabilities and insurance needs.
