Supreme Court: Courts Have Sometimes Failed Arbitration, With Interference Curing No Disease  ||  Supreme Court: Co-Heir Cannot Sell Other Heirs' Shares as Karta After Intestate Succession  ||  SC: Casual Labourers With Temporary Status are Eligible For Pension Even Without Regularisation  ||  Supreme Court: High Courts Must Record the Nature of Crime and Allegations While Quashing FIRs  ||  Delhi HC Rejected Pernod Ricard’s Plea Against Denial of Wholesale Liquor License over Excise Case  ||  Gujarat HC: Lalita Kumari Ruling Does Not Permit Deceased’s Kin to Invoke Art 226 For FIR Failure  ||  Ker HC: Denying Disability Pension to Army Personnel Based on Unreasoned Medical Opinion is Invalid  ||  Kerala HC Directs Family Courts to Follow Calcutta HC Custody Guidelines Till State Rules Framed  ||  Allahabad HC Allows LIC Employees to Be Engaged as Census Enumerators and Supervisors For Duties  ||  Supreme Court Unveiled Victim Protection Plan For Trafficking Survivors and Urged Legal Reforms    

Formation of working groups to come out with comprehensive framework for cyber security in insurance sector- (Insurance Regulatory and Development Authority) (31 Oct 2016)

MANU/IRDA/0041/2016

Insurance

IRDAI is planning to come out with a comprehensive cyber security framework for Insurance sector of India in the wake of recent cyber-attacks and also implement appropriate mechanism to mitigate cyber risks. In this connection, it has been decided to form two separate working groups for life and non-life sector (including health) comprising of ClOs of insurers to discuss and decide on the issues related cyber security.

The broad terms of reference for the working groups are as follows:

a) Suggest recommendations with respect to Cyber security in order to comprehensively provide for a broad framework to mitigate present internal and external threats to insurers.

b) Provide recommendations for effective and comprehensive Cyber Security Audit related processes to provide assurance on the level of IT risks.

c) Suggest scope for enhancement of measures against Cyber fraud through preventive and detective mechanisms.

d) Identify measures to improve business continuity and disaster recovery.

e) Assess the impact of legal risks arising out of cyber laws, the need for any specific legislation relating to data protection and privacy.

f) Any other matter of importance / relevance.

g) The working groups may form a sub-group and shall submit its report by the end of Jan'2016.

h) Based on the report, an exposure draft will be released for comments of stakeholders.

i) A Comprehensive guideline on cybersecurity shall be issued by March'2017.

Tags : FORMATION   WORKING GROUPS   CYBER SECURITY  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved