IDC Names Securiti a Worldwide Leader in Data PrivacyView
Last Updated on October 10, 2023
The National Association of Insurance Commissioners (NAIC) is a US-based non-profit organization governed by the chief insurance regulators from the 50 states, the District of Columbia, and five US territories. In addition to preserving the financial security and solvency of the insurance business, one of NAIC’s main goals is to advance and safeguard the interests of insurance consumers by developing model laws for passage by the state legislatures. One of the several model laws developed by the NAIC to safeguard consumer data privacy and protection is the Standards for Safeguarding Customer Information Model Regulation (Model 673).
Model 673 establishes standards for the insurers licensed, authorized, or registered under state insurance laws (licensees) to develop and implement administrative, technical, and physical safeguards for protecting customer information's security, confidentiality, and integrity pursuant to sections 501, 505(b), and 507 of the federal Gramm-Leach-Bliley Act. Under Model 673, the licensees are required to implement a comprehensive written information security program, regularly assess the foreseeable internal and external threats to the protection of customer information, and keep the information security program updated in light of changing technology and other relevant factors.
Model 673 has been adopted by several US states, including Alabama, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Iowa, Maine, Minnesota, Missouri, Montana, Nebraska, New Jersey, New York, Oregon, Utah, Virginia, Wyoming and others.
Securiti enables organizations to comply with Model 673 through AI-driven PI data discovery, DSR automation, documented accountability, enhanced visibility into data processing activities, and AI-driven process automation.
Securiti supports enterprises' journey toward compliance with 673 through automation, enhanced data visibility, and identity linking.
Utilize Securiti's collaborative readiness assessment template to assess your organization's compliance with Model 673 requirements, assess compliance gaps, and mitigate risks. Seamlessly expand assessment capabilities across your vendor ecosystem to maintain compliance against this standard.
Sections: 6A, 6B, 7A, 7C
Automate and schedule regular risk and security assessments using Securiti's Assessment Automation module to ensure your practices fully comply with the requirements of Model 673. Monitor data risk over time with a clear breakdown of various contributors to risk and uncover high-risk activity within your environment.
Utilize Securiti's Vendors Assessment module to assess the compliance status of your vendors with a particular standard.
Sections: 3, 4, 9
Leverage Securiti's Data Security Posture Management module to identify the necessary security controls and implement appropriate security measures for your organization.
At Securiti, our mission is to enable enterprises to safely harness the incredible power of data and the cloud by controlling the complex security, privacy and compliance risks.
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