Sec. 19. (a) If the
licensee has a board of directors, the board of directors shall require the licensee’s executive management or its delegates to develop, implement, and maintain the licensee’s
information security program.
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Terms Used In Indiana Code 27-2-27-19
- information security program: means the administrative, technical, and physical safeguards that a licensee uses to access, collect, distribute, process, protect, store, use, transmit, dispose of, or otherwise handle nonpublic information. See Indiana Code 27-2-27-8
- licensee: means a person that is:
Indiana Code 27-2-27-10
- risk assessment: means the assessment a licensee is required to conduct under section 17 of this chapter. See Indiana Code 27-2-27-14
- third party service provider: means a person that contracts with a licensee to maintain, process, store, or otherwise is permitted access to nonpublic information through its provision of services to the licensee. See Indiana Code 27-2-27-15
(1) oversee the development, implementation, and maintenance of the licensee’s information security program prepared by the delegate; and
(2) receive a report from the delegate concerning:
(A) the overall status of the information security program;
(B) the licensee’s compliance with this chapter; and
(C) material matters related to the information security program addressing such issues as:
(i) risk assessment;
(ii) risk management and control decisions;
(iii) third party service provider arrangements;
(iv) results of testing;
(v) cybersecurity events and management’s responses to cybersecurity events; and
(vi) recommendations for changes in the information security program.
As added by P.L.130-2020, SEC.10.
