Information Security

This week saw another tragic incident for Malaysia Airlines, Senate action on TRIA and more statements regarding GM's recalls. See what industry leaders, lawmakers and others had to say about the biggest insurance stories of the week.

A "BitLicense" contains consumer protection, anti-money-laundering compliance and cybersecurity rules tailored for virtual currency firms

Federal and state efforts to deter cyber threats are being discouraged by large companies because in most cases they will raise compliance costs, according to a top insurance industry official.

Opponents say that the bill goes too far and it allows the NSA permission to compile private information on innocent Americans. The House passed its version of the bill earlier this year.

Even in the face of the known risks posed by cyber attacks, many corporate boards are not taking the proper steps to address cyber-security issues, says a Securities and Exchange Commission official.

Although legislators are working on protecting client data from hackers, some think they're not working hard enough.

As Congress departed late last week for the Memorial Day recess, bipartisan legislation was introduced in the Senate aimed at combating cyber attacks on U.S. companies

In a patchwork landscape of data breach notification laws, the adage by Benjamin Franklin: Remember that time is money. Remember that credit is money has never been more true for American companies preparing for and responding to data breaches.