New York State's New Cyber Insurance Risk Framework

The New York State Department of Financial Services ("NYDFS") recently released its Cyber Insurance Risk Framework (the "Framework"), which provides best practices for managing cyber insurance risk. NYDFS recommends that all insurers writing cyber insurance use the seven practice...

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Veröffentlicht in:	Intellectual property & technology law journal 2021-05, Vol.33 (5), p.21-1
Hauptverfasser:	Hodge, Elizabeth F, Hawkins, Christy S
Format:	Artikel
Sprache:	eng
Schlagworte:	Best practice Cybercrime Cybersecurity Financial services Industrial development Insurance Insurance coverage Insurance premiums Law enforcement Liability insurance Malware Property & casualty insurance Ransomware Risk management
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Beschreibung
Zusammenfassung:	The New York State Department of Financial Services ("NYDFS") recently released its Cyber Insurance Risk Framework (the "Framework"), which provides best practices for managing cyber insurance risk. NYDFS recommends that all insurers writing cyber insurance use the seven practices in the Framework, which were developed with industry input, to "sustainably and effectively" manage their cyber insurance risk.
ISSN:	1534-3618