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New bill would give tax credits for cyber insurance

27
Sep
2016

databreach

Rep. Ed Perlmutter (D-Colo.) introduced legislation this month to subsidize data breach insurance for businesses while encouraging practices that would keep them from ever having to use it.

The Data Breach Insurance Act would offer a tax deduction of 15 percent of the cost of breach insurance. Perlmutter said he has received positive feedback for the bill from both legislators and stakeholders.

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