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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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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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Court Observes “Timing is Everything” in Determining When Litigation is Anticipated: eDiscovery Case Law

eDiscovery Daily

In this theft-of-business-property insurance claim case, each party had a significantly different view about the time of when the defendant first anticipated litigation. August 3, 2017 , because it was the date when “Covington’s assigned claims administrator sent the insured correspondence. Case Background.

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What is Cybersecurity Risk Management?

eSecurity Planet

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. Beyond the technology precautions themselves, ongoing training and education about security threats is essential. The Human Element. The post What is Cybersecurity Risk Management?

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2017 eDiscovery Case Law Year in Review, Part 3

eDiscovery Daily

But first, it’s also worth noting that Tom O’Connor and I will be discussing some of these cases – and what the legal profession can learn from those rulings – on Thursday’s webcast Important eDiscovery Case Law Decisions of 2017 and Their Impact on 2018 at noon CT (1pm ET, 10am PT). POSSESSION, CUSTODY AND CONTROL. You decide.

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Think you’re not susceptible to phishing? Think again

IT Governance

According to PhishMe’s Enterprise Phishing Resiliency and Defense Report 2017 , phishing attacks rose by 65% last year, with the average attack costing mid-sized companies $1.6 If employees aren’t fully educated on phishing, they are liable to underestimate the threat. Phishing is big business for cyber criminals. million (about £1.2

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Me on the Equifax Breach

Schneier on Security

1 November 2017. This is exactly the sort of information criminals can use to impersonate victims to banks, credit card companies, insurance companies, cell phone companies and other businesses vulnerable to fraud. The particular vulnerability was fixed by Apache in a security patch that was made available on March 6, 2017.