Cyber Breaches Prompt Government Action

Several government entities are taking action to address the growing rise of cyber-attacks as more fully explained in Goldberg Segalla’s Insurance & Reinsurance Report. As reported in a post by Frederick J. Pomerantz and Aaron J. Aisen, in response to a cyber breach at a major insurer, Connecticut lawmakers are considering legislation requiring insurance companies to encrypt sensitive information.  Furthermore, the Federal Government is considering several proposals  including a Consumer Privacy Bill of Rights and standardized consumer notification procedures.  Similarly, as discussed in… Continue Reading