NAIC Cybersecurity Model Law Academy - 12 CPEs

New cybersecurity risk management regulations for insurance companies are here. The National Association of Insurance Commissioners (NAIC) approved Insurance Data Security Model Law and the State of New York in March 2017 placed into effect Section 500 of Title 23 of the Official Compilation of Codes.

"Computers, software, programming and algorithms are all parts of a cybersecurity risk program, but it is the interaction with the 'humans' that makes all the difference in world."

NAIC's model law requires insurance organizations to have everything from information security program policies to incident response plans to specific breach notification procedures. Insurance organizations will also have to certify compliance to state insurance commissioners annually. Now that NAIC's model law is heading for adoption, it is important to learn how it might apply to your organization and what you can do now to start preparing for compliance.

This event focuses on describing the effective components of a modern cybersecurity risk management program. The attendees will be prepared to start the evaluation of an existing program. They will then be able to discuss with senior management, the audit committee, and the board of directors how to proceed in improving cybersecurity risk management. We consider five main components of an effective risk management program: data, control implementation, verification, breach preparedness and risk management.

Follow the below links for these regulations in HTML format on this website:
. 23 NYCRR 500 - NYS DFS Cybersecurity Regulation
. NAIC Data Security Model Law

This comprehensive training course is for anyone who wants to have a strong base of knowledge and understanding of the essentials of cybersecurity risk management program.

This timely, three morning CPE virtual training is designed for the project director, project leader and individuals who have to create effective cybersecurity program and the related documents for an insurance organization. Each attendee will go home with a set of 35 documents that were used to create the academy.

Follow the below links for further detail information:
. Seminar Highlights
. Learning Objectives
. Key Issues on the Agenda
. Table of Contents - Insurance Data Security Model Law
. Table of Contents - New York State Department of Financial Services 23 NYCRR 500

Each attendee will receive 12 CPE Hours.

The retail cost of this CPE seminar is $645.00 for the first attendee from a single organization. Discounts are available for more than one attendee from each organization: (2) $1,200.00 (3) $1,750.00 (4) $2,275.00 (5) $2,775.00.

To reserve your space, click here on "SIGN-UP NOW!". You have to complete the registration form and use the corresponding "Submit Registration Form and Move to Payment Options Page" button for filing the registration and moving to the payment page.

Each attendee will receive 12 CPE Hours (YB). A certificate of completion will be provided.

Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing, Information Technology
CPE Credits: 12, based on 50 minutes of instruction per hour

Testimonials:

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 Upcoming Virtual NAIC Cybersecurity Model Law Training Academies:

Seminar Highlights

. What are the NAIC goals with this Act?
. How does this Act compare to New York State Regulation Section 500?
. Which organizations fall under the Act's provisions?
. What is the definition of "cybersecurity event".
. What is contained in an "Information Security Program".
. What is nonpublic information under an information security program?
. What is "publicly available information"?
. How do you approach creating a cybersecurity risk assessment?
. What are the eleven enumerated security measures?
. What does continuous monitoring mean?
. What Board of Director's oversight is required?
. What certficiation is required?

Learning Objectives

- Attendees will see how cybersecurity is an evolving art.
- Attendees will understand risk assessment from the cybersecurity viewpoint.
- Attendees will have examples for the minimum standards.
- Attendees will know the components in an effective information security program.
- Attendees will have an approach to controls at third party providers.
- Attendess will have a example incident reporting and notification plan.

Key Issues on the Agenda

Follow the below links for the regulations in PDF format:
. 23 NYCRR 500 - NYS DFS Cybersecurity Regulation
. NAIC Data Security Model Law

Insurance Data Security Model Law

Section 1. Title
Section 2. Purpose and Intent
Section 3. Definitions
Section 4. Information Security Program
Section 5. Investigation of a Cybersecurity Event
Section 6. Notification of a Cybersecurity Event
Section 7. Power of Commissioner
Section 8. Confidentiality
Section 9. Exceptions
Section 10.Penalties
Section 11.Rules and Regulations [OPTIONAL]
Section 12.Severability
Section 13.Effective Date

New York State Department of Financial Services 23 NYCRR 500

Section 500.00 Introduction.
Section 500.01 Definitions.
Section 500.02 Cybersecurity Program.
Section 500.03 Cybersecurity Policy.
Section 500.04 Chief Information Security Officer.
Section 500.05 Penetration Testing and Vulnerability Assessments.
Section 500.06 Audit Trail.
Section 500.07 Access Privileges.
Section 500.08 Application Security.
Section 500.09 Risk Assessment.
Section 500.10 Cybersecurity Personnel and Intelligence.
Section 500.11 Third Party Service Provider Security Policy.
Section 500.12 Multi-Factor Authentication.
Section 500.13 Limitations on Data Retention.
Section 500.14 Training and Monitoring.
Section 500.15 Encryption of Nonpublic Information.
Section 500.16 Incident Response Plan.
Section 500.17 Notices to Superintendent.
Section 500.18 Confidentiality.
Section 500.19 Exemptions.
Section 500.20 Enforcement.
Section 500.21 Effective Date.
Section 500.22 Transitional Periods.
Section 500.23 Severability.
APPENDIX A Certification of Compliance
APPENDIX B Notice of Exemption

Follow the below links for these regulations:
. 23 NYCRR 500 - NYS DFS Cybersecurity Regulation
. NAIC Data Security Model Law

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