Regulation Summary

According to Section 2 of the act:

The purpose and intent of this Act is to establish standards for data security and standards for the investigation of and notification to the Commissioner of a Cybersecurity Event applicable to Licensees, as defined in Section 3.

Section 3 defines “Licensee” as follows:

“Licensee” means any Person licensed, authorized to operate, or registered, or required to be licensed, authorized, or registered pursuant to the insurance laws of this State ….

Section 3 also notes:

“Cybersecurity Event” means an event resulting in unauthorized access to, disruption or misuse of, an Information System or information stored on such Information System.

The term “Cybersecurity Event” does not include the unauthorized acquisition of Encrypted Nonpublic Information if the encryption, process or key is not also acquired, released or used without authorization.

We excerpt below specific Sections of The Model Law with which Thales eSecurity can help your organization comply:

Section 4. Information Security Program

D. Risk Management

Based on its Risk Assessment, the Licensee shall:

(2) Determine which security measures listed below are appropriate and implement such security measures.

Section 5. Investigation of Cybersecurity Event

If the Licensee learns that a Cybersecurity Event has or may have occurred the Licensee or an outside vendor and/or service provider designated to act on behalf of the Licensee, shall conduct a prompt investigation.

Compliance Summary

Thales eSecurity can help you meet the many of the compliance requirements in the Model Law through the following:

Section 4 D 2 (a) and (g) Place Access Controls on Information Systems

Thales eSecurity’s Vormetric Data Security Manager enables the organization to limit user access privileges to information systems that include nonpublic information.

Section 4 D 2 (d) Protect by encryption or other appropriate means, all Nonpublic Information

Thales eSecurity’s Vormetric Transparent Encryption solution protects data with file and volume level data-at-rest encryption, access controls, and data access audit logging without re-engineering applications, databases or infrastructure. Deployment of the transparent file encryption software is simple, scalable and fast, with agents installed above the file system on servers or virtual machines to enforce data security and compliance policies. Policy and encryption key management are provided by the Vormetric Data Security Manager.

Vormetric Tokenization with Dynamic Masking lets administrators establish policies to return an entire field tokenized or dynamically mask parts of a field. With the solution’s format-preserving tokenization capabilities, managers can restrict access to sensitive assets, yet at the same time, format the protected data in a way that enables users to do their jobs.

To protect data in motion, Thales eSecurity’s Datacryptor 5000 network data encryption solution uses high-assurance encryption methods and state of the art key management techniques to provide robust security, low latency and high performance in Layer 2 and IP networks.

Section 4 D 2 (e) Adopt secure development practices for in-house developed applications

Designed for software vendors of all sizes and for enterprises that develop their own code, the Thales Code Signing Solution enables you to implement high assurance, high-efficiency code signing processes to protect your software from tampering and bring appropriate governance to your software publishing practices.

Section 4 D 2 (i) Include audit trails; and Section 5. Investigation of Cybersecurity Event

Thales eSecurity’s Vormetric Data Security Platform includes Security Intelligence Logs that generate audit trails designed to detect and respond to cybersecurity events that have a reasonable likelihood of materially harming any material part of the normal operations of the enterprise. These logs also enable investigation of cybersecurity events.

Section 4 D 2 (k) Develop, implement, and maintain procedures for the secure disposal of Nonpublic Information in any format

All Thales eSecurity encryption and tokenization solutions rely on cryptographic keys to encrypt and decrypt data. This means you can selectively “destroy” data simply by destroying the encryption keys for that data.

Working with You

Thales eSecurity can work with you and your third-party service providers to ensure their security meets your own rigorous standards. In addition, Thales has specialized cybersecurity products and services for enterprises using the Cloud, SaaS and other third-party services. These include multi-cloud encryption with centralized key and access control management as well as cloud key management and protection.