NAIC ADOPTS CYBERSECURITY INSURANCE REGULATORY GUIDELINES
In response to increasingly significant cybersecurity risks and in an effort to protect the insurance industry’s data security and infrastructure, the NAIC has adopted the Principles for Effective Cybersecurity Insurance Regulatory Guidelines. The 12 guiding principles are intended to establish regulatory guidance for insurance companies, and encourage the industry to identify risks and adopt proactive solutions. These guidelines identify the types of safeguards that the regulators want in place to protect insurance consumers from cybersecurity breaches.