Superintendent of Financial Services Benjamin M. Lawsky has announced “a series of measures that DFS will take to help strengthen cyber hacking defenses at insurers.”
According to a NYDFS press release, “in the coming weeks and months, DFS will integrate regular, targeted assessments of cyber security preparedness at insurance companies as part of the Department’s examination process; put forward enhanced regulations requiring institutions to meet heightened standards for cyber security; and examine stronger measures related to the representations and warranties insurance companies receive from third-party vendors, among other measures.” The full DFS report can be found here.
