Cybersecurity Law to Remain Priority for NAIC
Monday, December 19, 2016
Cybersecurity Law to Remain Priority for NAIC
The ALTA reports that the NAIC's Cybersecurity Task Force's efforts to draft a model Insurance Data Security Model Law appear to be slowing as we head into 2017. Earlier this fall, regulators established a drafting group of regulators and industry to work through issues. ALTA's senior counsel Steve Gottheim participates as a member of the Drafting Group.
Regulators reported the drafting group is working through six issues:
- uniformity and exclusivity of a state law for data security
- exclusions for HIPPA and Graham Leach Bliley Act coverage
- whether there is a need for a harm trigger
- definition of "personal information"
- small producer scalability
- how to approach third-party service provider oversight
ALTA's NAIC Liaison Committee has stayed heavily involved in the effort by submitting comment letters in March, June and September.
|
|