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Medical Debt Collection Firm R1 RCM Hit in Ransomware Attack

Krebs on Security

The “RCM” portion of its name refers to “revenue cycle management,” an industry which tracks profits throughout the life cycle of each patient, including patient registration, insurance and benefit verification, medical treatment documentation, and bill preparation and collection from patients.

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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. The Framework.

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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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FCC Proposes Largest Fine in Its History for Telemarketing Violations

Hunton Privacy

On June 9, 2020, the Federal Communications Commission (“FCC”) announced a proposed $225 million fine, the largest in the history of the FCC, against several individuals for telemarketing violations. The FCC alleged that John C. Spiller and Jakob A.

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The FCC imposes $200 million in fines on four US carriers for unlawfully sharing user location data

Security Affairs

The fines come as a result of the Notices of Apparent Liability (NAL) issued by the FCC against AT&T, Sprint, T-Mobile, and Verizon in February 2020. The FCC has fined four major U.S. wireless carriers nearly $200 million for unlawfully selling access to real-time location data of their customers without consent.

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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.

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Karma Catches Up to Global Phishing Service 16Shop

Krebs on Security

The international police organization INTERPOL said last week it had shuttered the notorious 16Shop, a popular phishing-as-a-service platform launched in 2017 that made it simple for even complete novices to conduct complex and convincing phishing scams. A 16Shop phishing page spoofing Apple and targeting Japanese users. Image: Akamai.com.

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