New data-privacy law proposed for Minnesota insurers

guest · Dec 20, 2019

New data-privacy law proposed for Minnesota insurers
December 20, 2019
http://www.startribune.com/new-data-privacy-law-proposed-for-minnesota-insurers/566383512/

The administration of Gov. Tim Walz plans to propose legislation next year to tighten computer security at insurance companies in the state, following revelations that Minnesota Blue Cross Blue Shield allowed hundreds of thousands of serious cybersecurity vulnerabilities to collect on its computer systems over a period of years.

State Commerce Commissioner Steve Kelley said in an interview on Friday that his office will work with the Legislature early next year to draft and generate support for a state law adopting national standards for data security at insurance companies, including but not limited to health insurers.

The new Minnesota insurance cybersecurity law would give the state Commerce Department the power to investigate cybersecurity precautions and breaches at insurance companies, and it also would create a requirement that insurers notify the office when they experience a breach.

"We see the stories every day that companies are under attack from a variety of sources, whether they are individual hackers or government-sponsored intrusions. Consumers, and information held by insurance companies and related licensees, are always under attack," Kelley said.
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