Peter T. Maloney and Travis Wall Author Article on Cybersecurity
Hinshaw & Culbertson LLP Travis Wall a partner in our San Francisco office recently wrote an article for LifeHealthPro titled, "What Every Independent Agent Needs to Know about Cybersecurity."
The article begins by discussing how society has a tendency to over-romanticize new technology that often leads us vulnerable to cyber-attacks. A solution that Mr. Maloney and Mr. Wall propose is for big and small insurance producers to create cyber security plans.
Next, the article analyzes the insurance regulatory response by discussing the National Association of Insurance Commissioners (NAIC) Cybersecurity task force. This task force outlines various principles that set the stage for state insurance regulations affecting insurers, producers and other regulated entities.
The article concludes by Pete Maloney and Travis Wall providing recommendations on how to begin developing effective cyber security for insurance companies. They recommend utilizing different resources such as the smallbiz cyberplanner produced by the Federal Communications Commission and tip sheets from the National Cyber Security Alliance and the Better Business Bureau. Mr. Maloney and Mr. Wall also emphasize the importance of working through internal and external counsel so that data can be controlled under attorney-client privilege.
Read the full article, "What Every Independent Agent Needs to Know about Cybersecurity," on LifeHealthPro's website.