NISSTC to Issue the National Standard on Cybersecurity Insurance Application

On September 13, 2023, the National Information Security Standardization Technical Committee (“NISSTC”) released the Information Security Technology – Guideline for Cybersecurity Insurance Application (Exposure Draft) (the “Guideline”). The draft is open for public comment until November 12, 2023.

The Guideline includes definitions, functions and major application stages of cybersecurity insurance, and proposes the process and methods for the application of cybersecurity insurance in different stages. It applies to those organizations that seek to transfer risks with cybersecurity insurance, and can also be taken as a reference for insurers and service providers.