CSC Launches Insurance Cybersecurity Advisory Council

By Raju Shanbhag
TMCnet Contributor

Looking to facilitate the development of best practices and technology strategies that effectively mitigate the risk of cyber attacks on the insurance industry, CSC (News - Alert) has established the Insurance Cybersecurity Advisory Council for life insurance and annuity providers, as well as property/casualty insurers.

Collaborating with CSC to promote awareness and information sharing throughout the industry, the council will be comprised of business and IT executives representing a cross-section of insurance companies. The council's first meeting is slated for January 2012 in Washington, D.C, the company stated in a press release.

“By forming the insurance industry's first Cybersecurity Advisory Council, we will be the catalyst for best-practice sharing and development of technology solutions to address this growing concern," said Ray August, president of CSC's Financial Services Group. "Shareholder and consumer confidence, along with a requirement to pass increasingly complex audit procedures, rely on a company's ability to safeguard intellectual property and customer data. The Council's industry leaders will work together to identify the evolving cyber protection needs.”

Along with a global cyber strike-force team to respond to cyber security incidents and provide cyber forensics training and analysis, CSC's cyber security capabilities include a worldwide infrastructure of security operations centers; and common criteria test laboratories in the United States, Europe and the Far East. Offering civilian departments and agencies, and defense organizations, CSC's nearly 2,000 cyber professionals serve commercial clients and public sector enterprises globally.

Recently, the company announced that Chris DePippo has been appointed as the company's vice president, chief ethics and compliance officer. DePippo will report to the Audit Committee of the CSC Board of Directors and, for administrative purposes, to William Deckelman, the company's vice president, general counsel. In making this appointment the company has combined the roles of chief ethics and chief compliance officer and has consolidated the functions into one global organization.