Insurance Regulators Propose to Harmonize Cyber Incident Reporting

Insurance regulators propose to harmonize cyber incident reporting

istock.com/cofotoisme When there’s ‘something strange’ going on in an insurer’s cyber operations, as the song goes, “who you gonna call?” Well, that depends on the region, how a cyber ‘incident’ is defined, when it happened, how serious it is, and with whom the information is shared. Welcome to Canada, where each province has its own cyber incident reporting framework. As governments explore various ways to break down inter-provincial regulatory…

Senators revive bill to harmonize conflicting cybersecurity regulations

A bipartisan Senate duo is reintroducing legislation Thursday that would establish an executive branch panel to align conflicting cybersecurity regulations on the private sector. Michigan Sen. Gary Peters, the top Democrat on the Homeland Security and Governmental Affairs Committee, is bringing back the Streamlining Federal Cybersecurity Regulations Act with co-sponsor James Lankford, R-Okla. “By reducing the number of duplicative or burdensome …