U.S. insurance regulators aim to improve consumer cybersecurity protections

(Reuters) - The National Association of Insurance Commissioners has created a cybersecurity task force to increase protection of consumer information collected by insurers and held by state insurance departments as well as to monitor the cyber insurance market. The NAIC is the group through which state insurance regulators coordinate regulatory oversight for areas including health, life, property and other types of insurance. Cybersecurity has become a bigger issue for insurers this year amid several high profile hacking incidents at retailers such as Home Depot, Sony Corp and at one of the nation's largest hospital chains, Community Health Systems Inc. The hospital incident was blamed on a cyber attack from China and the healthcare sector, including its insurers, was put on watch by the Federal Bureau of Investigation last year against attacks.



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