The most recent major cyberattack against Anthem Healthcare shook the insurance industry. In a rare show of honesty, the insurer began alerting customers and the media to the potential of a data break just eight days after it first noted suspicious activity on Jan. 27, 2015.
Immediately upon discovering it had been attacked, Anthem jumped to address the security vulnerability, contacted the FBI, and hired leading cyber-security firm Mandiant to evaluate its systems, said president and CEO Joseph Swedish in a statement.
Noting the importance of protecting financial institutions, New York's Department of Financial Services responded to the Anthem breach by announcing its intent to integrate regular assessments of cyber-security preparedness at insurance companies as part of its examination process. It will also enforce "enhanced regulations" on insurers based in New York."
Read the Full Article by Kelly Sheridan on InsuranceTech.com.