Local Trend. Cities Buying Cyber Insurance. Legislative Protection?

Cities in Wyoming are purchasing cyber insurance to protect themselves from hackers.

Some say that the Legislature should act to protect cities from hackers.

Proposed legislation includes:

  •  long prison term for those caught conducting cyber attack
  • a world-wide agreement on how to abolish cyber attacks

Cody Enterprise | EDiTORIAL: Cyber insurance good idea for city

Hawkeye Attorney General Reviewing State Cyber Security Policies and Laws as Part of Equifax Response.

The Iowa Attorney General is reviewing the state’s cyber security protocols to do 3 things:

  • identify shortfalls in current legal requirements for those who store personal information
  • look to enhance consumer protections
  • seek to lessen the burden on consumers who’ve been victimized by data breaches
    • Such as “scrutinizing the fees that credit reporting agencies are allowed to charge Iowans for freezing and unfreezing credit reports — particularly data breach victims,”

Des Moines…

Lege Trend: Cyber Security State Volunteer Corps. Read the Bill.

State : Michigan

When did Michigan create its Cyber Security Volunteer Corps?  2013 under the Michigan Department of Technology, Management, and Budget

What did the 2017 amendment do? Michigan’s HB 4508  codifies the Corps and permits volunteers to bring cyber-defense services to nonprofit organizations, private businesses, educational groups, and other non-governmental associations.

What is required of volunteers?  Volunteers must undergo criminal background and FBI checks

Is there…

US Treasury Report Supports Uniform State Legislation. Insurers and Data Security. See the Bill.

The U.S. Treasury Department’s October 276.2017 report entitled, A Financial System
That Creates Economic Opportunities Asset Management and Insurance
, goes all in for uniform state legislation for data security model legislation for insurers.

What is the model legislation? The NAIC Data Security Model Law 

What’s the 10,000 foot view of the Model law?

  • Applies to insurers, agents, and other licensees.
  • Cover 3 hot data security issues:
    • implementation of information security programs
    • i…