5 Things Insurers' GCs and Their Boards Must Know for Cybersecurity
Cyberregulation and the meaning of reasonable cybersecurity measures are changing rapidly. Insurance companies are in the red zone for new regulatory schemes and heightening expectations of duties of care that are well beyond the responsibility of a company's CIO. Recent regulations enacted by the New York State Department of Financial Services and other legislation to come will require insurance companies, brokers, and soon their lawyers, to change their management and corporate culture toward cybersecurity or face certain liability.
Rick Borden and Josh Mooney discuss critical implications of these new cybersecurity regulations in their article 5 Things Insurers' GCs and Their Boards Must Know for Cybersecurity.