A. If a licensee learns that a cybersecurity event has or may have occurred, the licensee or an investigator shall conduct a prompt investigation.
B. During the investigation, the licensee or an investigator shall, at a minimum, determine as much of the following information as possible:
1. Determine whether a cybersecurity event has occurred;
2. Assess the nature and scope of the cybersecurity event;
3. Identify any nonpublic information that may have been involved in the cybersecurity event; and
4. Perform or oversee reasonable measures to restore the security of the information systems compromised in the cybersecurity event in order to prevent further unauthorized acquisition, release, or use of nonpublic information in the licensee's possession, custody, or control.
C. If a licensee learns that a cybersecurity event has or may have occurred in a system maintained by a third-party service provider, the licensee will complete the steps listed in subsection B or make reasonable efforts to confirm and document that the third-party service provider has completed those steps.
D. Each licensee shall maintain records concerning all cybersecurity events for a period of at least five years from the date of the cybersecurity event and shall produce those records upon demand of the Commissioner.
2020, c. 264.
Structure Code of Virginia
Chapter 6 - Insurance Information and Privacy Protection
§ 38.2-601. Application of article
§ 38.2-603. Pretext interviews
§ 38.2-604. Notice of information collection and disclosure practices
§ 38.2-604.1. Notice of financial information collection and disclosure practices
§ 38.2-605. Marketing and research surveys
§ 38.2-606. Content of disclosure authorization forms
§ 38.2-607. Investigative consumer reports
§ 38.2-608. Access to recorded personal information
§ 38.2-609. Correction, amendment, or deletion of recorded personal information
§ 38.2-611. Information concerning previous adverse underwriting decisions
§ 38.2-612. Bases for adverse underwriting decisions
§ 38.2-612.2. Protection of the Fair Credit Reporting Act
§ 38.2-613. Disclosure limitations and conditions
§ 38.2-613.1. Disclosure of agent's moratorium required
§ 38.2-614. Powers of Commission
§ 38.2-615. Hearings and procedures
§ 38.2-616. Service of process on insurance-support organizations
§ 38.2-617. Individual remedies
§ 38.2-618. Immunity of persons disclosing information
§ 38.2-619. Obtaining information under false pretenses
§ 38.2-622. Private cause of action; neither created nor curtailed
§ 38.2-623. Information security program
§ 38.2-624. Investigation of a cybersecurity event
§ 38.2-625. Notice to Commissioner
§ 38.2-626. Notice to consumers
§ 38.2-627. Powers and duties of the Commission; exclusive state standards