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Ohio Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law

Data Matters

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. See CT Gen Stat § 38a-999b (2015) ; 23 NYCRR 500. Ohio’s Act applies to licensees, defined as persons authorized, registered, or licensed under Ohio insurance laws, or required to be so.

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Michigan Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law

Data Matters

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. S ee CT Gen Stat § 38a-999b (2015) ; 23 NYCRR 500. S ee CT Gen Stat § 38a-999b (2015) ; 23 NYCRR 500. 6491 (Act). MCL § 500.550. MCL § 500.553(g).

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

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South Carolina Becomes the First State to Enact the National Association of Insurance Commissioners (NAIC) Insurance Data Security Model Law

Data Matters

In October 2017, the National Association of Insurance Commissioners (NAIC) adopted an Insurance Data Security Model Law. On May 3, 2018, South Carolina became the first state to enact this Model Law, in the form of the South Carolina Insurance Data Security Act (H.B. See CT Gen Stat § 38a-999b (2015) ; 23 NYCRR 500.

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University of Utah pays a $457,000 ransom to ransomware gang

Security Affairs

.” According to the University, the ransomware encrypted only 0.02% of the data stored on its servers. University of Utah officials explained that the university’s cyber insurance policy covered part of the ransom. Copyright (C) 2014-2015 Media.net Advertising FZ-LLC All Rights Reserved -->. Pierluigi Paganini.

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GUEST ESSAY: Atrium Health data breach highlights lingering third-party exposures

The Last Watchdog

The healthcare industry has poured vast resources into cybersecurity since 2015, when a surge of major breaches began. The compromised databases included names, addresses, dates of birth, insurance policy details, medical record numbers, account balances and dates of service — of both guarantors and patients. Sticky problem.

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Maze Ransomware operators claim to have stolen millions of credit cards from Banco BCR

Security Affairs

The hackers claim to have compromised the Banco BCR’s network in August 2019, and had the opportunity to exfiltrate its information before encrypting the files. Maze Ransomware ransomware operators recently disclose other attacks against different organizations, including IT services giant Cognizant , and cyber insurer Chubb.