CUOMO STARTS INQUIRY ON CYBER THREATS AT LARGEST INSURANCE COS.

(The following is a reformatted version of a press release
issued by The New York State Department of Financial Services
and received via e-mail. The release was confirmed by the
sender.) 
GOVERNOR CUOMO LAUNCHES INQUIRY INTO CYBER THREATS AT LARGEST
INSURANCE COMPANIES 
Governor Andrew M. Cuomo today launched an inquiry into the
steps that insurers are taking to keep their customers and
companies safe from cyber threats. New Yorkers entrust a wide
variety of sensitive health, personal, and financial records to
their insurers and it is critical to make sure that information
is safeguarded. 
The New York State Department of Financial Services (DFS) today
sent “308 Letters” to the largest insurance companies that DFS
regulates, requesting information on the policies and procedures
they have in place to protect against cyber attacks.  A “308
letter” is a request for information to which insurers are
legally required to respond. 
“The extraordinarily sensitive health, personal, and financial
information that New Yorkers entrust to their insurance
companies is a virtual treasure trove for hackers,” said
Governor Cuomo. “We’re intensely focused on making sure that
banks have the protections in place they need, but we always
have to keep at least one eye on the lookout for the next big
threat.  It’s vital that we stay ahead of the curve on cyber
security because we know hackers aren’t going to give us any
breathing room.” 
Benjamin M. Lawsky, Superintendent of Financial Services and Co-chair of the Governor’s Cyber Security Advisory Board said:
“Cyber security at insurance companies is something that often
gets overlooked, but it’s far too important to get caught in a
blind spot.  We need to make sure that those insurance records
are protected from hack attacks that could put New Yorkers at
risk.” 
The 308 letters that DFS sent to insurers today request a wide
variety of information as part of the Department’s extensive
inquiry, including: 
·        Information on any cyber attacks the company has been
subject to in the past three years
·        The cyber security safeguards the company has put in
place
·        The company’s information technology management
policies
·        The amount of funds and other resources dedicated to
cyber security at their company
·        The company’s governance and internal control policies
related to cyber security 
Earlier this year, DFS sent similar inquiries to the largest
banks that it regulates, requesting information on their cyber
security policies. 
Today’s announcement comes on the heels of the formation of
Governor Cuomo’s Cyber Security Advisory Board, which is charged
with advising the administration on developments in cyber
security and making recommendations for protecting the state’s
critical infrastructure and information systems. The Governor
first outlined the Cyber Security Advisory Board in his State of
the State Address this January. 
Earlier this month, Governor Cuomo named the members of his
Cyber Security Advisory Board. The board members are among the
world’s leading experts in cyber security and bring vast
experience in both the public and private sectors. They include:
Richard Clarke, Chairman and CEO, Good Harbor Consulting , LLC
and Former White House Couter-terrorism and Cyber Security
Advisor; Shawn Henry, President, CrowdStrike Services; Will
Pelgrin, President and CEO, Center Internet Security (“CIS”),
and Founder of the Multi-State Information Sharing and Analysis
Center (“MS-ISAC”); Phil Reitinger, Senior Vice President and
Chief Information Security Officer, Sony Corporation; and Howard
Schmidt, Former White House Cyber Security Coordinator and
Special Assistant to President Obama. The advisory board will be
co-chaired by Deputy Secretary to the Governor for Public Safety
Elizabeth Glazer and Superintendent of Financial Services
Benjamin M. Lawsky. 
The full list of insurance companies that received 308 letters
from DFS as part of the Cuomo Administration’s inquiry on cyber
security include: 
·        Aetna
·        AIG
·        Allstate
·        AXA Equitable
·        Berkshire Hathaway
·        Capital District Physicians’ Health Plan
·        Chubb
·        EmblemHealth
·        Empire
·        Excellus BlueCross BlueShield
·        Guardian Life
·        Healthnow New York
·        Humana
·        The Hartford
·        Integrated Healthcare Association
·        Liberty Mutual
·        MassMutual
·        Members Health Insurance
·        MetLife
·        MVP Health Care
·        Nationwide
·        New York Life
·        Northwestern Mutual Life
·        The Principal Financial Group
·        Progressive
·        Prudential
·        State Farm
·        TIAA-CREF
·        Tower Group
·        Travelers
·        United Health Group 
### 
PRESS CONTACT: Matt Anderson, 212.709.1690 
(sgp) NY 
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