Wisconsin Act 73 Insurance Data Security

Wisconsin’s new cybersecurity law was signed by Governor Tony Evers on July 15, 2021, and can be found in Wisconsin Statutes Subchapter IX of Chapter 601. The new law is aimed at protecting consumers from increasing risks of cybersecurity threats such as ransomware and data breaches from their insurers and their affiliate agencies. Threat actors remain on the offensive everyday so time is of the essence. Wisconsin insurers should immediately take steps to familiarize themselves with the new legislation and take immediate action to become compliant.