United States:
New York State Cybersecurity Law Poses Challenge For Insurers
24 October 2018
by
Jeremy S. Close
,
Meredith Collier
,
David R. Coogan
,
Jeffrey Scott Connell
,
Jennifer Everett
,
Nicolas Hidalgo
,
Laura Lim
,
Daniel McLoon
,
Mary Alexander Myers
,
Mauricio Paez
,
Nicole Perry
,
Aaron Tso
and
Anand Varadarajan
Jones Day
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On September 3, another set of New York's cybersecurity
regulations under 23 NYCRR 500 went into effect after an
18-month transitional period. The regulations, 23 NYCRR 500,
require insurers who write policies in New York to encrypt
customers' nonpublic information both in transit and at rest.
Insurers also are required to maintain audit trails of all
financial transactions that take place on their networks, as well
as audit trails to detect and respond to a data breach.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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