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Nigerian cyber gang SilverTerrier, specialized in BEC attacks, used COVID-19 lures in recent attacks on healthcare and government organizations. A few weeks later, threat actors launched multiple attacks that attempted to exploit the CVE 2017-11882 Office flaw to run a malicious executable. ” continues the report.
The Dark Overlord hacking group claims to have stolen a huge trove of documents from the British insurance company Hiscox, Hackers stole “hundreds of thousands of documents,” including tens of thousands files related to the 9/11 terrorist attacks. “ There’s five layers to go. Layer 1, 2, 3, 4, and fine finally Layer 5.
“Sources said the county is in the process of paying the $500,000 ransom as it’s insured for such attacks.” Early November, the DoppelPaymer ransomware disrupted IT operations in the territory of Nunavut (Canada), all government services requiring access to electronic data were impacted.
is perhaps better known as the online identity verification service that many states now use to help staunch the loss of billions of dollars in unemployment insurance and pandemic assistance stolen each year by identity thieves. These days, ID.me may require a recorded, live video chat with the person applying for benefits.
The insurance company Ace American has to pay for the losses: On 6th December 2021, the New Jersey Superior Court granted partial summary judgment (attached) in favour of Merck and International Indemnity, declaring that the War or Hostile Acts exclusion was inapplicable to the dispute. Merck suffered US$1.4 Merck suffered US$1.4
Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.
The attacks aimed at government entities and managed service providers (MSPs) that were active in many industries, including aviation, healthcare, finance, insurance, energy, and gambling. The APT20 group has been active since at least 2011, but experts did not associate any campaign with this threat actors between 2016 and 2017.
Back in 2017, I called up a few of the information governance friends I’d made through the AIIM Community to better understand the challenges they were up against. Four years later, we're finally seeing this shift in governance mindsets in nearly every AIIM member organization we speak with. Let's dive in!
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.
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.
Identity governance and administration, or IGA , has suddenly become a front-burner matter at many enterprises. Related: Identity governance issues in the age of digital transformation. SailPoint, which went public in November 2017, has grown to more than 1000 employees in 30 locations. Compliance matters.
Increased interest in cyber insurance. With more than 800 million records being leaked in 2017 ( find out more in our Breaches and Hacks Blog Archive ), it’s not surprising that cyber insurance business has increased in recent months. Insurers assess an organisation’s cyber risk to set premium levels.
Mears made over one billion spoofed robocalls to sell health insurance plans under a variety of business names including Rising Eagle and JSquared Telecom. The robocalls falsely claimed to offer health insurance plans from major insurers but instead were sold by entities not affiliated in any way with those insurers.
It doesn’t matter if you’re an insurance company, local government agency, or something else. Back in 2017, AIIM concluded that at the heart of every Digital Transformation journey was the need to understand, anticipate, and redefine internal and external customer expectations.
Cybersecurity professionals need to understand the information risks their organization faces and how to leverage information governance, along with technology, to get the biggest bang for their buck. As a result, companies are turning to cyber insurance. Will this be the cyber insurance equivalent to Fitbit?
Compared to its predecessors, the sixth “Hi-Tech Crime Trends” report is the first to contain chapters devoted to the main industries attacked and covers the period from H2 2018 to H1 2019, as compared to the period from H2 2017 to H1 2018. The threat actor mainly targets insurance, consulting, and construction companies.
These new rules date back to March 1, 2017, when the NYDFS implemented comprehensive cybersecurity regulations for financial services companies and other covered entities. Additionally, the senior governing body must possess the expertise to oversee the company's cybersecurity program.
However, that’s more a function of hackers targeting individuals less, and companies and governments more. A survey of local media reports by Recorded Future tallied 38 ransomware attacks against cities in 2017, rising to 53 attacks in 2018. 2017: WannaCry – Attackers leverage hacking tools stolen from the NSA.
To highlight the importance and usefulness of the Cyber Essentials scheme, we’ve produced a series of blog posts summarising each of the five security controls that, according to the UK government, could prevent “around 80% of cyber attacks”. Reduce cyber insurance premiums. This blog covers malware. A growing threat to businesses.
State and federal governments already have criminal DNA databases, but calls for mandatory, national databases were resisted. More than two years ago, in December 2017, the FTC also raised concerns about DTC genetic testing and encouraged consumers to be selective in choosing which DNA-testing companies to use. December 12, 2017.
2017: A Digitally “Transformative” Year. The 2017 Gartner Magic Quadrant for Content Services Platforms and Five Things I Learned on the Journey from ECM to CSP. The 2017 M-Files User Conference – A Set of Personal Firsts. - of Document Management. Getting Ahead of the Disruption Curve is Critical for Insurance Companies.
Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.
US food giant Mondelez is suing insurance company Zurich American for denying a $100 million (£76 million) claim filed after the NotPetya attack. NotPetya is a Windows-based piece of ransomware that infected organisations across the globe in 2017. Perilous future for cyber insurance. Was NotPetya an act of war?
The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. Also read : Top Governance, Risk, and Compliance (GRC) Tools for 2022. Once data is mapped, organizations make better decisions on how that data is governed and reduce their risk footprint.
Equifax has agreed to pay up to $700 million (about £561 million) as part of a settlement with US regulators following its mammoth data breach in 2017. The breach occurred between May and July 2017, as cyber criminals exploited a remote code execution vulnerability in Apache Struts 2, an open-source framework for developing Java web apps.
According to a report from the insurance broker Gallagher , 49% of local councils have been attacked since the start of 2017 and 37% were attacked in the first half of 2019 alone. Over that six-month period, local government experienced 263 million attacks. Cyber security solutions.
Any organisation concerned about its patch management policy should consider certifying to Cyber Essentials , a government-backed scheme that sets out a baseline of cyber security. The scheme is a prerequisite for government suppliers, but it can be invaluable for any organisation. These controls are: Patch management.
The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. systemic risk of insurers with other parts of the financial system, notably the banking.
The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.
According to statistics from the FBI’s 2021 Internet Crime Report , complaints to the Internet Crime Complaint Center (IC3) have been rising since 2017. Finance and insurance finished a close second at 22.4%. Finance and insurance companies were particularly vulnerable to the sort of phishing scams we’re talking about.
On 11 August 2023, India’s long-awaited law governing data protection – the Digital Personal Data Protection Act, 2023 ( DPDP Act ) – received the President’s assent and was published in the official gazette the following day. payments, insurance etc).
Covered entities must file the certification, which covers the 2017 calendar year, at the NYDFS online portal. DFS’s goal is to prevent cybersecurity attacks, and we therefore will now include cybersecurity in all DFS examinations to ensure that proper cybersecurity governance is being practiced by our regulated entities.
According to the 2017 SANS Incident Response Survey , the challenges facing CIR management include: A lack of resources; Staffing and skills shortages; Budgetary shortages for tools and technology; Detecting sophisticated attackers and removing their traces; and. How IT Governance can help you with your CIR management.
On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. 20, 2017). Background to the SEC’s Order Against First American. 27, 2020).
Hello and welcome to the IT Governance podcast for Friday, 4 May 2018. Thousands of operations and appointments were cancelled as a result of the infection according to the 2017 National Audit Office (NAO) report on the incident, Investigation: WannaCry cyber attack and the NHS. Fourth of may be with you. Or something like that.
On May 16, 2017, the Governor of the State of Washington, Jay Inslee, signed into law House Bill 1493 (“H.B. The law will become effective on July 23, 2017. 1493 contains detailed requirements governing the enrollment of biometric identifiers for a commercial purpose, as well as the subsequent disclosure of such data.
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. As part of this initiative, the government launched the Public Sector Action Plan in November 2017. Cyber Essentials certification.
On October 19, 2016, the Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve System (the “Fed”) and Office of the Comptroller of the Currency issued an advance notice of proposed rulemaking suggesting new cybersecurity regulations for banks with assets totaling more than $50 billion (the “Proposed Standards”).
On the 7 th August 2017, the UK’s Government Department for Digital, Culture, Media and Sport issued a Statement of Intent (the Statement ) outlining its planned reforms of the UK’s data protection laws which are to be implemented by the Data Protection Bill (the Bill ).
Title: Founder & Data Governance Consultant. 1 sentence company description: DataZed is a consultancy that works with organizations to improve their data quality, data governance and data strategy. Summary: Charles specializes in data governance, data quality and data strategy for the insurance industry.
On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.
On August 1, 2017, US Senators unveiled a bipartisan bill to mandate baseline cybersecurity requirements for internet connected devices purchased by the federal government. Norton Rose Fulbright has been shortlisted for ‘Cyber law firm of the year’ at the Insurance Insider Cyber Ranking Awards 2017.
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