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New York Orders Insurers to Reveal Data Security Measures

New Yorks insurance regulator has sent letters to 31 of the states largest insurance companies to find out the steps they are taking to keep data safe from cyber threats.

By Mark E. Ruquet | Updated on May 29, 2013

New York’s insurance regulator says his department has sent letters to 31 of the state’s largest insurance companies asking what steps they are taking to keep data safe from cyber threats as part of the governor’s effort to protect critical infrastructure and information systems.

“The extraordinarily sensitive health, personal, and financial information that New Yorkers entrust to their insurance companies is a virtual treasure trove for hackers,” says Gov. Andrew M. Cuomo, in a statement. “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.”

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