Horizon Blue Cross Blue Shield Of New Jersey Names Douglas E. Falduto As Vice President And Chief Security Officer
January 21, 2013
Newark – Horizon Blue Cross Blue Shield of New Jersey announced today that Chief Security Officer Douglas E. Falduto has been appointed to the newly-created position of Vice President, Administration and Chief Security Officer, effective January 14, 2013.
In this new role, Mr. Falduto will assume leadership of the company’s Risk Management, Real Estate and Administration Operations. He will also maintain current responsibilities for Horizon BCBSNJ’s Special Investigations Unit, Business Continuity, and the company’s Information and Corporate Security programs.
Since first joining Horizon BCBSNJ in 1987 as an Underwriting Specialist, Mr. Falduto has been promoted to the positions of Investigations Manager, Director of Investigations, Director of Investigations and Security and most recently in 2011, Chief Security Officer.
”Doug is an outstanding leader who is known and respected nationally for what he has accomplished in his fraud and security role at Horizon BCBSNJ," said Robert A. Marino, Chairman and CEO, Horizon BCBSNJ. "We have come to rely on Doug's diligence and expertise on a wide range of issues and trust he will excel in this new, expanded role.”
Mr. Falduto currently serves on the New Jersey Insurance Commissioner’s Fraud Advisory Board and is a member of the New Jersey Department of Homeland Security’s Domestic Preparedness subcommittee, representing the health insurance industry. He is also a member of the American Society of Industrial Security CSO Executive Roundtable and is a member of the Governing Body for the CISO Executive Summit for New York and New Jersey.
He has served on the Executive Committee and Board of Directors of the National Health Care Anti-Fraud Association and as the Chairman of the New Jersey Health Care Fraud Workgroup, which reported to the New Jersey Office of the Attorney General and the New Jersey Department of Banking and Insurance.
Mr. Falduto received a bachelor’s degree in Business Management and Economics from St. Peter’s College and a master’s degree in Public Administration specializing in Criminal Justice from Seton Hall University. He and his wife, Megan, and their three children reside in Basking Ridge, New Jersey.
About Horizon Blue Cross Blue Shield of New Jersey
Horizon Blue Cross Blue Shield of New Jersey, the state’s oldest and largest health insurer, is a tax-paying, not-for-profit health services corporation, providing a wide array of medical, dental, and prescription insurance products and services. Horizon BCBSNJ is an independent licensee of the Blue Cross and Blue Shield Association, serving more than 3.6 million members with headquarters in Newark and offices in Wall, Mt. Laurel, and West Trenton. Learn more at www.HorizonBlue.com.
The Blue Cross and Blue Shield Association is a national federation of 37 independent, community-based and locally-operated Blue Cross and Blue Shield companies that collectively provide healthcare coverage for more than 103 million members – one-in-three Americans. For more information on the Blue Cross and Blue Shield Association and its member companies, please visit bcbs.com. We encourage you to connect with us on Facebook, check out our videos on YouTube, follow us on Twitter and check out The BCBS Blog, for up-to-date information about BCBSA.