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NIST RFI on Cybersecurity Framework

The National Institute of Standards and Technology (NIST) is seeking information on how it might update and improve its February 2014 ‘‘Framework for Improving Critical Infrastructure Cybersecurity.” The Framework consists of voluntary standards, guidelines, and practices intended to help organizations manage cybersecurity risks. In a Request for Information (RFI) issued on December...

NAIC Adopts New Cybersecurity Exam Tool

On September 21, the National Association of Insurance Commissioners IT Examination Working Group adopted amendments to the IT section of the Financial Condition Examiners Handbook to strengthen the Handbook’s already existing cybersecurity guidance. Charged with improving this guidance, the Working Group compared the Handbook’s guidance to the National Institute of Standards and...

NIST Releases Access Management Guidance for Energy Companies

A division of the National Institute of Standards and Technology (NIST) has released draft guidance for energy companies to manage access to their networked resources, including industrial control systems and information technology. In the draft guidance, the National Cybersecurity Center of Excellence (NCCoE) offers step-by-step instructions to help energy companies address the risk...

Cybersecurity Is Key Priority for FSOC in 2015

Cybersecurity was a critical area of focus of the Financial Stability Oversight Council’s (“FSOC”) recently released 2015 Annual Report (the “Report”).  The Report, which provides both a consolidated view of important challenges facing the financial system and a road map of FSOC’s key priorities in the upcoming year, identified cybersecurity as a growing concern and warned that cyber...

NAIC Update – Spring 2015

The National Association of Insurance Commissioners (NAIC) held its first national meeting for 2015 in Phoenix, Arizona, from March 26 through March 31. Noteworthy new initiatives include cybersecurity, price optimization and the development of a model law for unclaimed life insurance benefits. Other important topics we follow that continue to receive regulatory attention are life...

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