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May 8, 2018

Cybersecurity and the Value of Information Sharing

CIPR Webinar: Cybersecurity and the Value of Information Sharing

Thursday,      March 8, 2018 
11:30 a.m. – 12:45 p.m. Eastern 


The NAIC/Center for Insurance Policy and Research (CIPR) mission is to serve federal and state lawmakers, federal and state regulatory agencies, international regulatory agencies, and insurance consumers, by enhancing intergovernmental cooperation and awareness, improving consumer protection and promoting legitimate marketplace competition. To help achieve this mission, the CIPR hosts annual events and webinars that bring together a number of dynamic and informative speakers and panelists.  

The CIPR is collaborating with The Financial Services Information Sharing and Analysis Center (FS‐ISAC) on this webinar to provide policymakers with a non‐advocative, nonpartisan educational program. FS‐ISAC facilitates the sharing of information, including threat information, best practices, and regulatory issues, among thousands of institutions globally.

Cybersecurity is now regular topic of boardroom conversation and has emerged as a top concern for financial institutions, regulators, and others in government. As technologies proliferate, numerous security solutions have emerged. Although many of these solutions cost millions of dollars to deploy, there’s one that has become an essential and inexpensive tool to mitigate some of these risks: a strong, trusted, and effective information‐sharing community. Information sharing remains one of the most effective ways to stay ahead of cybercrime. This webinar will begin with introductory remarks by Director Raymond Farmer of the South Carolina Department of Insurance, followed by a presentation from FS‐ISAC on the cyber threat landscape, recent insurer cyber‐attacks and the mission of FS‐ISAC.

11:30  Introduction: Overview of the Program
Eric Nordman, Director of Regulatory Services and CIPR National Association of Insurance Commissioners 

11:40  Cyber threats against insurance companies and FS‐ISAC’s role in sharing information
Rick Lacafta, Director of Insurance Services 
Financial Services Information Sharing and Analysis Center

12:30  Q&A Closing Remarks

About the National Association of Insurance Commissioners

As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.