Cybersecurity and Accountability Act of 2025

1. **ONE-SENTENCE SUMMARY:** Bill B26-0427 aims to set data security standards and establish protocols for reporting cybersecurity incidents for businesses in the insurance sector in Washington, D.C. 2. **KEY REQUIREMENTS:** - Implement data security measures to protect sensitive information. - Investigate any cybersecurity events that affect your business. - Notify the Commissioner of the Department of Insurance, Securities and Banking about any cybersecurity incidents. 3. **DEADLINES:** - The bill is currently in the introduction stage; effective date and compliance deadlines will be established once the bill is passed. 4. **PENALTIES:** - Non-compliance may result in fines or other enforcement actions by the Commissioner. 5. **SMB IMPACT:** Small businesses in the insurance sector will need to invest in cybersecurity measures and develop incident response plans to comply with the new standards, which may require additional resources and training.