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Committee hears bill to require insurers to adopt cybersecurity programs; Department of Commerce and Insurance supports measure
Summary
House Bill 4 36, the Insurance Data Security Act, would require insurance licensees to maintain risk-based information security programs and report cybersecurity events to the Department of Commerce and Insurance; the department and industry groups testified in support.
Representative Bill Hardwick introduced House Bill 4 36, the Insurance Data Security Act, saying that “in this day and age, there are more and more cyberattacks” and that insurance licensees hold large amounts of personal data. He told the committee the bill “requires that those licensees implement a cybersecurity defensive program that's consistent with the complexity, the size and scope of their business operation and the risk,” and that cybersecurity events would be reported to the Department of Commerce and Insurance.
Hardwick and subsequent witnesses framed the measure as aligning…
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