Cybersecurity Update: NYDFS, NAIC, and What’s Going on in AL, SC, OH, MI, and MS?
This Eye on the Experts article provides a comparative analysis of New York Department of Financial Services, National Association of Insurance Commissioners, and several states’ cybersecurity regulations as they pertain to insurance companies.
The cybersecurity regulation of the New York Department of Financial Services (the “DFS Regulation”) took effect recently, requiring subject financial institutions, including insurance companies, (“Covered Entities”) to among other things adopt written information security programs to address the protection of nonpublic information and information systems.
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