Cybersecurity as a Regulatory Issue: The NAIC Considers The Anthem Breach And Weighs a “Cybersecurity Bill of Rights”

From: JDSupra Business Advisor

by Ben Seessel | Carlton Fields Jorden Burt

The Cybersecurity Task Force of the National Association of Insurance Commissioners (the “NAIC”) met last month, as part of on the NAIC’s 2015 Summer National Meeting in Chicago. The Task Force focused on two issues:  the recent massive data breach suffered by Anthem, Inc., and a draft “Consumer Cybersecurity Bill of Rights” that was released for public comment in late July.

The Anthem Breach

Anthem’s general counsel reported that the FBI has completed its investigation of the breach and concluded that an advanced, persistent threat, sponsored by a nation state, was responsible for the attack. The FBI believes Anthem’s data was stolen for intelligence purposes, and not for use in a financial fraud. The FBI has been monitoring the dark web, and it has found none of the stolen data sold or dumped there.

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