Joe Nocera leads the cybersecurity and privacy practice nationally for the financial services industry at PwC. His experiences range from IT auditing to large-scale systems implementation. He has significant experience in assisting organizations meet regulatory demands such as Sarbanes-Oxley, Anti-Money Laundering, Basel II, GLBA and other Fed, OCC, FINRA, and SEC cybersecurity requirements.
Cyber insurance is a potentially huge but still largely untapped opportunity for insurers and reinsurers. We estimate that annual gross written premiums will increase from around $2.5 billion today to $7.5 billion by the end of the decade. Many insurers and reinsurers are looking to take advantage of what they see as a rare opportunity […]
Recognizing the need for better cybersecurity in the insurance sector, the National Association of Insurance Commissioners (NAIC) recently published “Principles for Effective Cybersecurity: Insurance Regulators Guidance.” High-profile data breaches at several health insurance providers exposed data on 90 million consumers, revealing the industry’s vulnerability. So the NAIC document provides best practices for insurance regulators and […]