The National Association of Insurance Commissioners' (NAIC) "Principles for Effective Cyber Security Insurance Regulatory Guidance" adopted on April 16, 2015, by the Cyber Security Task Force highlight an industry under cyberattack.
The Anthem and Premera breaches, which exposed personally identifiable information of nearly 100 million people and the likelihood (perhaps certainty) of additional attacks on the industry, highlight the fact that: Those in the insurance industry who are not proactively managing the threat of cyber incursion are likely to suffer severe adverse consequences. Indeed, Anthem is suffering over 50 class action lawsuits and intense regulatory and law enforcement scrutiny.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
