Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
(a) A licensee shall conduct a risk assessment commensurate with the size and complexity of the licensee and in consideration of the nature and scope of the licensee's activities to evaluate the security and confidentiality of nonpublic information used by or in the possession or control of the licensee. In conducting the risk assessment, the licensee shall
(1) identify reasonably foreseeable internal or external threats in each area of the licensee's operations that could result in unauthorized access, transmission, disclosure, misuse, alteration, or destruction of nonpublic information, including the security of information systems and nonpublic information that are accessible to, or held by, third-party service providers;
(2) assess the likelihood and potential damage of the threats identified in (1) of this subsection, taking into consideration the sensitivity of nonpublic information; and
(3) assess the sufficiency in each area of the licensee's operations of the licensee's policies, procedures, information systems, and other safeguards in place to manage the threats identified in (1) of this subsection, including the areas of
(A) employee training and management;
(B) network and software design, information classification, governance, processing, storage, transmission, and disposal; and
(C) detecting, preventing, and responding to attacks or intrusions on information systems and nonpublic information, or other information system failures.
(b) A licensee shall use the licensee's risk assessment to design the licensee's information security program required under AS 21.23.260(a).
Cite this article: FindLaw.com - Alaska Statutes Title 21. Insurance § 21.23.250. Risk assessment - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-21-insurance/ak-st-sect-21-23-250/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)