Is South Carolina’s Adoption of the NAIC Model a Sign of What’s to Come?
I had the pleasure of co-authoring this piece with prolific writer, attorney and sought-after public speaker Judy Selby. Quoted in publications such as the Wall Street Journal, Forbes and Fortune, Judy is one of the preeminent experts on cyber insurance. Through her consulting company, Judy provides strategic advice to companies and corporate boards concerning insurance, cyber risk mitigation and compliance. In October 2017, the National Association of Insurance Commissioners (NAIC) adopted its Insurance Data Security Model Law (the NAIC Model) to establish standards for data security and the investigation and notification of certain cybersecurity-related events. This law followed the lead of the New York Department of Financial Services, which promulgated its own Cybersecurity Regulation geared towards insurance entities and other financial institutions that do business in New York in March of 2017. On May 3, 2018, South Carolina became the first state to adopt its own cybersecurity statute almost exclusively derived […]
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