| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the purchase of cybersecurity insurance coverage by the |
|
|
Texas Department of Transportation. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Subchapter I, Chapter 201, Transportation Code, |
|
|
is amended by adding Section 201.712 to read as follows: |
|
|
Sec. 201.712. PURCHASE OF CYBERSECURITY INSURANCE. (a) In |
|
|
this section, "cyber attack" means an attempt to gain illegal |
|
|
access to a computer or computer system for the purpose of causing |
|
|
damage, harm, or disruption. |
|
|
(b) The department may purchase insurance coverage that the |
|
|
department considers necessary to protect against liability, |
|
|
revenue, and property losses that may result from a data breach or |
|
|
cyber attack. |
|
|
(c) Insurance purchased under this section may include |
|
|
coverage for business and dependent business interruption loss, |
|
|
breach response, data recovery, cyber extortion or ransomware |
|
|
response, fiduciary liability, media liability, professional |
|
|
liability, or expenses for general incident management, such as |
|
|
investigation, remediation, and notification. |
|
|
SECTION 2. This Act takes effect immediately if it receives |
|
|
a vote of two-thirds of all the members elected to each house, as |
|
|
provided by Section 39, Article III, Texas Constitution. If this |
|
|
Act does not receive the vote necessary for immediate effect, this |
|
|
Act takes effect September 1, 2021. |