HB1780

House Bill 1780 establishes the Arkansas Self-Funded Cyber Response Program to provide coverage for cybersecurity incidents impacting counties, municipalities, and school districts in Arkansas. The bill creates the Arkansas Cyber Response Board to oversee the program, set minimum cybersecurity standards, and coordinate responses to cyberattacks. It also establishes the Arkansas Self-Funded Cyber Response Program Trust Fund, which will be financed through premiums, restitution, and other contributions to pay for claims and administrative expenses. Participating governmental entities are required to meet minimum cybersecurity criteria to qualify for full coverage, and those that fail to do so may face reduced coverage limits. The program is designed to assist entities with costs related to hardware and software restoration following a cyberattack. It specifically excludes coverage for compensatory, punitive, or exemplary damages, as well as ransom payments. Additionally, the bill mandates that participating entities undergo regular audits of their books, records, and information systems.