April 30, 2018
Preparing for FINRA Exams: Cybersecurity
Cyberattacks, like any other attack, can seemingly appear out of thin air and you should prepare your infrastructure and your employees for them. If you have seen any of the Rocky movies, you know there will always be a new plot, another villain, and another fighter to deal with. The same is true with cyberattacks...
By: Daeten Smith
Read MoreSeptember 20, 2017
Are You Staying Ahead of Cyber Threats
As the sophistication of technology used by the insurance and financial services industry is constantly evolving, so too are the cyber threats that we face. Regulators see cyber and data security as some of the biggest threats to consumer protection, and they are increasing cyber regulations to protect those consumers - New York's new cybersecurity standard is just the beginning...
By: Chris Gillespie
Read MoreOctober 20, 2016
Best Practices for Secure Agency – Carrier Communications Pt. 2
In Part 1 of our series on secure agency – carrier communications, Sydney outlined the security concerns in the industry for both agencies and carriers. Carriers are requesting additional steps in collecting producer information to ensure protected data, which can hold up the onboarding process. It's no surprise that the industry...
By: Kevin Horgan
Read MoreSeptember 28, 2016
Best Practices for Secure Agency – Carrier Communications Pt. 1
Here at Vertafore, we're always discussing industry concerns followed by ways to automate, and improve overall compliance processes whether that be through uniformity and involving ourselves in industry groups, sharing expertise and best practices, or by providing technology solutions. Recently we have had agencies voice concern with issues submitting producer onboarding forms to carriers. The concern is...
By: Sydney Beaudreault
Read MoreOctober 27, 2015
How to Handle a Security Breach as told by NAIC's Cybersecurity Bill of Rights
It's cybersecurity awareness month! Improving cybersecurity has jumped to the top of many organizations' lists due to this year's increase of security breaches. Industry leaders preach best practices and principles, how to share information securely, and overall guidance for preventative measures. However, data breaches are continuing to happen, leaving consumers at risk. The NAIC's Cybersecurity Task Force has been proactively responding to the industry's...
By: Sydney Beaudreault
Read MoreApril 22, 2015
Security Initiatives: NAIC's Cybersecurity Task Force
As a follow-up to our previous post from Tim Owen on producer security, Vertafore's Sircon team is closely monitoring initiatives in the industry today to not only protect producers, but the insurance industry as a whole. How is the NAIC addressing these heightened changes in security? NAIC Spring Meeting Recap During their most recent national meeting, the NAIC made it apparent that a focus on cybersecurity is prevalent throughout the insurance world. Regardless of how well an individual,...
By: Leslie Kosal
Read MoreApril 07, 2015
A New Day, A New Security Breach: Taking Your Producer's Security Information Seriously
With two major consumer information security breaches in the health industry in recent news, now is the time to also talk about being proactive about protecting the personal information of producers.The Consequences of Being ReactiveRecent reports on the security breaches have many producers in the industry concerned for the security of their personal identification information. Breaches in this industry can give criminals access to social security numbers (SSN), addresses, birthdays, medica...
By: Tim Owen
Read More