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UK cyber crime rate has doubled in the past five years

IT Governance

This equates to 25% of all UK businesses, compared to 13% in 2015. On the plus side, the average cost of breaches has fallen from £26,000 per incident in 2015 to £6,000 in 2019 – although that’s offset by the increase in the overall number of incidents. Beaming’s Five Years in Cyber Security found that 1.5

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Cybersecurity Standards for the Insurance Sector – A New Patchwork Quilt in the US?

HL Chronicle of Data Protection

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

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Cyber resilience in the Scottish public sector: meeting the Cyber Essentials certification deadline

IT Governance

The Scottish government therefore launched Safe, secure and prosperous: a cyber resilience strategy for Scotland in 2015 to help develop a culture of cyber resilience across the country. A number of the key deadlines have already passed, so all Scottish public bodies must now have: Implemented minimum cyber risk governance arrangements; and.

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UK: The rise of privacy group action risk

DLA Piper Privacy Matters

Two recent developments in the United Kingdom highlight the growing risk of privacy litigation and “group actions” which is likely to further increase following the enactment of the General Data Protection Regulation (“ GDPR “) in May 2018.

Risk 40
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Centre for Information Policy Leadership Discusses Privacy Risk Management at the OECD Working Party on Security and Privacy in the Digital Economy

Hunton Privacy

The meeting was attended by governmental and regulatory officials from most OECD member countries, with various other participants and observers. The meeting was attended by governmental and regulatory officials from most OECD member countries, with various other participants and observers.

Privacy 40
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Regulatory Update: NAIC Fall 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. This Sidley Update summarizes the highlights from this meeting in addition to interim meetings that were held during November in lieu of taking place during the Fall Meeting.

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New EU Strong Customer Authentication Standards: Implications for Payment Service Providers

Data Matters

Under the revised Payment Services Directive (2015/2366) (PSD2), the European Banking Authority (EBA) and the European Commission were required to develop and adopt regulatory technical standards on strong customer authentication and common and secure open standards of communication. inherence: a biometric characteristic (e.g.,