Pursuant to SB 378, that was adopted this session and went into law earlier this year, entities processing homeowner payment transactions are now required to maintain a minimum of $5 million dollars in cyber-security insurance “that provides coverage for losses arising out of or relating to data breaches, unauthorized intrusions into an information system, computer viruses, ransomware, identity theft and similar exposures.” Original article: https://www.reviewjournal.com/homes/homes-columns/barbara-holland/new-law-improves-online-protections-for-homeowners-2909154/
