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MECO representative: Cyber-insurance rollout stalled as counties fail to meet compliance thresholds
Summary
MECO said a planned cyber-insurance package did not reach the base premium because few counties signed up; MECO staff and participants raised concerns that county IT practices (lack of multi-factor authentication and incomplete controls) could leave claims uncovered and that a Carly-led audit is needed to qualify members.
MECO staff told the meeting a cyber-insurance offering could not proceed this year because too few counties signed up to meet the base premium and several counties did not meet technical compliance thresholds the underwriter requires.
"When we rolled it out to say hey who's interested who's signing up no one signed up. We had four counties which so we couldn't even reach the base premium to be able to cover it," the MECO representative said.
MECO staff…
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