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The Financial Dynamics Behind Ransomware Attacks

Security Affairs

In some cases, attackers are even leveraging the threat of regulatory actions or causing cyber insurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers. Moreover, the ROI for ransomware gangs is exceptionally high.

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German Insurance Industry to Establish “Trusted German Insurance Cloud”

Hunton Privacy

The parties previously had agreed to work together to develop practical requirements for a secure cloud solution, and to implement appropriate security measures in the “Trusted German Insurance Cloud.” The implementation of the cloud security requirements will be finalized pursuant to the BSI’s certification process.

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Data Breach: Turkish legal advising company exposed over 15,000 clients

Security Affairs

Our online security team has uncovered a massive data breach originating from a misconfigured Amazon Bucket, which was operated by a Turkish Legal advising company, INOVA YÖNETIM & AKTÜERYAL DANI?MANLIK. Inova is an actuarial consultancy company, which means they compile statistical analysis and calculate insurance risks and premiums.

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Nationwide Agrees to Pay $5.5 Million to Settle Multistate Data Breach Investigation

Hunton Privacy

On August 9, 2017, Nationwide Mutual Insurance Co. million settlement with attorneys general from 32 states in connection with a 2012 data breach that exposed the personal information of over 1.2 In October 2012, Nationwide and its affiliate, Allied Property & Casualty Insurance Co. million individuals. .

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Fifth Circuit Court of Appeals Vacates MD Anderson HIPAA Penalty

Hunton Privacy

The Court held that OCR’s civil monetary penalty for alleged violations of the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”) Privacy Rule and HIPAA Security Rule was “arbitrary, capricious, and otherwise unlawful.”. Read the court’s holding here.

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UK ICO Outlines the Year Ahead

Hunton Privacy

The Commissioner argued that information rights can deliver “huge benefits in terms of better government, better services, and the protection of freedoms,” but conceded that post-legislative scrutiny may be beneficial in some respects. Despite FOIA taking effect seven years ago, some public authorities still regard it as a “distraction.”

FOIA 40
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Wyndham Settles FTC Charges in FTC v. Wyndham

Hunton Privacy

As we previously reported on June 26, 2012, the FTC announced that it filed suit against Wyndham and three of its subsidiaries, alleging that the company posted misleading representations on Wyndham websites regarding how the company safeguarded customer information. Wyndham Worldwide Corporation, et al. (2:13-CV-01887-ES-JAD)