Breach! How to Reduce Cyber Risk & Create a More Resilient Agency
Robert Anderson - CEO, Cyber Defense Labs, Former Executive Assistant Director to the FBI
Watch Now!Robert Anderson - CEO, Cyber Defense Labs, Former Executive Assistant Director to the FBI
Watch Now!Handling sensitive information is now one of the most critical responsibilities faced by the modern insurance agency.
The Gramm-Leach-Bliley Act (GLBA) established requirements to help protect your client’s data and it is important to understand how they apply to your agency.
The IIABA Office of General Counsel reviewed the agents legal requirements regarding this law and prepared a guide for agents entitled “ IIABA - The Privacy Provisions of the Gramm-Leach-Bliley ACT and Their Impact on Insurance Agents & Brokers." Section VI - ”Data Security & Integrity Requirements” - describes the “final rule” and the mandated actions insurance agencies must do to be in compliance with this Federal Law.
IIABA’s Agents Council for Technology created a sample cybersecurity policy to help agencies easily comply with the requirement to have a cybersecurity policy in place. You can use this free resources to write your own agency security policy.
Although Cyber coverage is sometimes available through your E&O policy, IIAT recommends stand-alone coverage for its broader policy language and higher limits.
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