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ARTICLE · 09 NOVEMBER 2015

NAIC Releases Cybersecurity Bill Of Rights For U.S. Insurance Consumers

McCarthy Tétrault
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On October 15, 2015, the U.S. National Association of Insurance Commissioners ("NAIC") released the Cybersecurity Bill of Rights (the "Bill").

CanadaPrivacy
Ana Badour
Ana Badour
Breanna Needham
Breanna Needham
Nancy J Carroll
Nancy J Carroll
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On October 15, 2015, the U.S. National Association of Insurance Commissioners ("NAIC") released the Cybersecurity Bill of Rights (the "Bill"). The Bill, released during cybersecurity awareness month, is intended to improve consumer protection and to assist with updating model laws.  It may, in practice, potentially expand protections to consumers and obligations of insurance companies and agencies beyond those provided in current state and federal laws.

Background

The NAIC's Cybersecurity Task Force ("Task Force") was formed in November 2014 to assist the NAIC to address cybersecurity issues in the insurance industry. As acknowledged by NAIC President Monica J. Lindeen, "Cybersecurity is one of the biggest challenges facing businesses today and this is one of our association's key priorities."

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