BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Insurer cybersecurity under scrutiny after breach

Insurer cybersecurity under scrutiny after breach

(Reuters) — New York's Financial Services Department said on Monday it planned to do regular cybersecurity reviews of insurers in the wake of the massive breach at health insurer Anthem Inc.

The state agency said in a statement that it will “integrate regular, targeted assessments of cyber security preparedness at insurance companies as part of the department's examination process.”

It also said it plans to issue “enhanced regulations” that would require institutions to meet “heightened standards for cyber security.”

“We're still in the process of finalizing and determining the enhanced requirements, but we are moving quickly and expect to begin putting them forward in the coming weeks,” department spokesman Matt Anderson said.

“These requirements are specific to New York, but we're of course always willing to discuss these issues with other states,” he added.

Anthem said last week that it suffered a massive cyber attack, with hackers breaching a system containing data on up to 80 million people.

That attack has underscored the risks for theft of personal information at insurance companies, which often house significant amounts of personal data.

Read Next

  • AIG unit leads Anthem's cyber coverage

    An American International Group Inc. unit is the primary cyber insurer for Anthem Inc., which this week disclosed a massive data breach affecting about 80 million customers and employees, insurance market sources say.