Report on Cyber Security in the Insurance Sector

Citation
New York State Department of Financial Services, Report on Cyber Security in the Insurance Sector (Feb. 2015) (full-text).

Overview
This report is based on a survey conducted by the New York State Department of Financial Services with respect to cyber security at a cross-section of regulated insurance companies during 2013 and 2014. A total of 43 entities, with combined assets of approximately $3.2 trillion, completed a survey seeking information about each participant's cyber security program, costs, and future plans. The objective of the survey was to obtain a horizontal perspective of the insurance industry's efforts to prevent cyber crime, protect consumers and clients in the event of a breach, and ensure the safety and soundness of their organizations.