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NAIC Working Group Exposes Revisions to Incorporate Cybersecurity Considerations into Financial Conditions Examiners Handbook

In an effort to set cybersecurity readiness standards for the insurance industry, the National Association of Insurance Commissioners (NAIC) IT Examination (E) Working Group (“Working Group”) has exposed revisions to incorporate Cybersecurity Considerations (“Considerations”) into the NAIC Financial Conditions Examiners Handbook (“Handbook”).  The Considerations instruct examiners to...

SEC Updates Guidance on Cybersecurity

Emphasizing the critical importance of cybersecurity to registered investment companies (RICs), including insurance separate accounts and business development companies, and to investment advisers, the SEC’s Division of Investment Management issued new Cybersecurity Guidance on April 28, 2015. As RICs and advisers become ever more dependent on information technology to conduct their...

Agenda Released for Upcoming Cyber-Physical Systems Meeting

The National Institute of Standards and Technology (NIST) Cyber-Physical Systems Public Working Group (CPS PWG) is holding a two-day workshop on April 7-8, 2015. The meeting will be held at the NIST campus in Gaithersburg, Maryland, and is intended to review the Draft CPS Framework released by the CPS PWG earlier this month. The meeting will provide an opportunity for a review of the...

NIST Releases Draft Framework for Cyber-Physical Systems

The Cyber-Physical Systems Public Working Group (CPS PWG), an open public forum established by the National Institute of Standards and Technology, recently released a preliminary discussion draft of its Framework for Cyber-Physical Systems (CPS Framework). CPS relate to engineered systems involving the integration of cyber and physical components, such as medical devices, aerospace...

White House Releases Proposed Consumer Privacy Bill of Rights

The White House released a discussion draft of legislation on protecting consumer privacy. The proposed Consumer Privacy Bill of Rights Act of 2015, released on February 27, 2015, broadly defines “personal data” subject to the legislation’s requirements and sets forth standards for protecting consumer privacy. Among other things, the legislation would require businesses to provide...

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