American information technology company Computer Sciences Corporation (CSC) has formed the Insurance Cybersecurity Advisory Council for life insurance and annuity providers and property/casualty insurers.

The council will facilitate the development of best practices and technology strategies which effectively mitigate the risk of cyber attacks on the insurance industry.

CSC said that its cybersecurity capabilities include a worldwide infrastructure of Security Operations Centers, common criteria test laboratories in the US, Europe and the Far East; and a global cyber strike-force team to respond to cybersecurity incidents and provide cyber forensics training and analysis.

The council will also collaborate with CSC to promote awareness and information sharing throughout the industry.

CSC’s president of financial services group Ray August said that by forming the insurance industry’s first Cybersecurity Advisory Council, they will be the catalyst for best-practice sharing and development of technology solutions to address this growing concern.