On December 3, Deputy Secretary Raskin delivered remarks at the Texas Bankers’ Association Executive Leadership Cybersecurity Conference. During her prepared remarks, Raskin noted recent data security breaches across many business sectors, including financial services, and presented ten questions for bank CEOs to consider when assessing their institutions’ cybersecurity readiness. Notably, Raskin urged the bank executives to consider relatively new cyber risk insurance for the financial recovery it provides as well as because the underwriting processes could enhance other cybersecurity controls and provide helpful information for assessing a bank’s risk level. Currently, over 50 insurance carriers offer some form of cyber insurance coverage. Raskin’s remarks comes only weeks after Congressional leaders sent a letter to financial institutions requesting that they provide information about their ability to protect consumers and safeguard personal information in the event of a data breach or cyber-attack.