Though the National Association of Insurance Commissioners established a cybersecurity task force following its January meeting, the agency’s keen interest in the insurance industry’s cybersecurity practices was well known, carriers and observers tell Insurance Networking News.
NAIC actually created the cybersecurity task force late last year, notes Thomas Dunbar, chief information risk officer for XL Group.” There was little information on the group, but it was expected that the charges for this group will include both cyber insurance issues as well as data standard issues. Time will tell how this committee evolves and addresses items such as the various state privacy requirements,” Dunbar continues. “Perhaps this will help drive the industry to a nationwide standard of protection and direction.”
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