Hunton Privacy

FEBRUARY 25, 2021

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.

Insurance 70

Insurance Cybersecurity Risk Education 70

Data Matters

FEBRUARY 10, 2021

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.

Insurance 78

Insurance Financial Services Cybersecurity Risk 78

Data Matters

DECEMBER 11, 2018

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.

Insurance 67

Insurance Paper Risk Big data 67

Data Matters

JANUARY 14, 2019

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”.

Insurance 67

Insurance Security Cybersecurity Data breaches 67

Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 95

Insurance Risk Marketing Cybersecurity 95

Data Matters

JULY 30, 2018

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.

Insurance 60

Insurance Security Cybersecurity Data breaches 60

Data Matters

AUGUST 24, 2018

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data . The NAIC is also considering insurers’ use of big data in underwriting life insurance products.

Insurance 60

Insurance Big data e-Delivery Risk 60

Data Matters

FEBRUARY 11, 2019

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. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. 6491 (Act). MCL § 500.550.

Insurance 67

Insurance Security Cybersecurity FOIA 67

Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in $6.2 billion in 2019.

Insurance 319

Insurance Financial Services Mining Access 319

Data Breach Today

JANUARY 19, 2021

A Substantial Settlement Could Build Data Security Momentum British Airways could face a substantial compensation payout as a result of an ongoing group lawsuit over its 2018 data breach, the first of its kind under GDPR.

GDPR 193

GDPR Insurance Data breaches Security 193

Andrew Hay

JULY 26, 2018

Though the breaches are concerning, the real story is that the financial institution suing its insurance provider for refusing to fully cover the losses. According to the lawsuit, in June 2018 Everest determined both the 2016 and 2017 breaches were covered exclusively by the debit card rider, and not the $8 million C&E rider.

Insurance 45

Insurance Computer and Electronics Information Security Security 45

Data Breach Today

NOVEMBER 15, 2017

In the year ahead, cyber threats to the healthcare sector will continue to evolve from attacks primarily involving the theft of health data to assaults aimed at disrupting organizations' operations, predicts Sean Murphy, CISO of health insurer Premera Blue Cross.

Insurance 109

Insurance Security 109

Information Management Resources

JANUARY 8, 2018

Core system vendors like Guidewire, and Majesco have announced new digital capabilities that could significantly change how insurance technology firms compete.

Insurance 33

Insurance Blockchain 33

DLA Piper Privacy Matters

OCTOBER 23, 2018

The Financial Supervisory Authority in Finland (FIN-FSA) has on 16 October 2018 published an interpretation that provision of insurance against administrative fines and penalty payments is contrary to good insurance practice and is therefore not permitted. Interpretation of ‘Good Insurance Practice‘.

Insurance 40

Insurance GDPR Risk Compliance 40

Krebs on Security

JULY 21, 2023

Many things have changed since 2018, such as the names of the companies in the Fortune 100 list. This is actually down from five of the Fortune 100 in 2018, the last time KrebsOnSecurity performed this analysis.

Security 215

Security Risk Insurance Cybersecurity 215

Info Source

APRIL 4, 2018

Irvine, CA, April 4, 2018 – Kofax ® , a leading provider of software to simplify and transform the First Mile of business, today announced that Kofax TotalAgility® is accelerating the digital transformation efforts of half of the top-ranked life insurers in the U.S. A leading property and casualty insurer in the U.S.

Digital transformation 40

Digital transformation Insurance Information capture Customer Experience 40

DLA Piper Privacy Matters

MAY 17, 2018

DLA Piper and Aon have launched a guide ‘ The price of data security ‘, ahead of the General Data Protection Regulation (GDPR), effective from 25 May 2018. The guide reviews the insurability of GDPR fines across Europe, which can reach up to €20 million or, if higher, up to 4% of a group’s annual global turnover.

Insurance 45

Insurance GDPR Data breaches Personal data 45

Krebs on Security

JUNE 18, 2021

The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 Title insurance protects homebuyers from the prospect of someone contesting their legitimacy as the new homeowner. Title insurance is not mandated by law, but most lenders require it as part of any mortgage transaction.

Insurance 305

Insurance Risk Financial Services Mining 305

Krebs on Security

AUGUST 29, 2019

-based PerCSoft is a cloud management provider for Digital Dental Record (DDR), which operates an online data backup service called DDS Safe that archives medical records, charts, insurance documents and other personal information for various dental offices across the United States. ” Read the full ProPublica piece here. .

Ransomware 229

Ransomware Insurance Encryption Cloud 229

Krebs on Security

APRIL 15, 2019

In March 2018, Wipro said it passed the $8 billion mark in annual IT services revenue. In September 2018, the Nebraska Department of Health and Human Services issued a cease-and-desist letter to Wipro, ordering it to stop work on the upgrade to the state’s Medicaid enrollment system, and to vacate its state offices.

IT 269

IT Insurance Communications Phishing 269

HL Chronicle of Data Protection

MAY 13, 2019

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.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

eDiscovery Law

NOVEMBER 30, 2018

Key Insight: A discovery dispute itself is not necessarily bad faith Nature of Case: Insurance coverage litigation.

Insurance 40

Insurance 40

CGI

APRIL 25, 2018

Time for a new definition of the "composite" insurer? Wed, 04/25/2018 - 09:26. Composite insurer table. In the UK we rightly take pride in the fact that our ‘local’ propositions have played a significant role in the global development of what we now commonly call ‘Insurance’, but is that all about to change? .

Insurance 40

Insurance Retail Marketing IT 40

Data Matters

JANUARY 2, 2018

We expect each of these trends to continue in 2018. As we begin this New Year, here is list of the top 10 privacy and cybersecurity issues for 2018: EU GDPR. The May 25, 2018 effective date for the EU’s General Data Protection Regulation (GDPR) will no doubt be a central focus of 2018. Data breach litigation risks.

Privacy 67

Privacy Cybersecurity Data breaches GDPR 67

Krebs on Security

FEBRUARY 19, 2020

Networking software giant Citrix Systems says malicious hackers were inside its networks for five months between 2018 and 2019, making off with personal and financial data on company employees, contractors, interns, job candidates and their dependents. 13, 2018 and Mar. 28, 2018, a claim Citrix initially denied but later acknowledged.

Passwords 359

Passwords Access Insurance Government 359

Krebs on Security

JULY 24, 2018

Now the financial institution is suing its insurance provider for refusing to fully cover the losses. In its lawsuit (PDF), National Bank says it had an insurance policy with Everest National Insurance Company for two types of coverage or “riders” to protect it against cybercrime losses. million total. THE LAWSUIT.

Insurance 194

Insurance Computer and Electronics Phishing Access 194

Hunton Privacy

MARCH 6, 2018

Hunton & Williams LLP is honored to be nominated for Advisen’s 2018 Cyber Risk Awards in the category of Cyber Law Firm of the Year. Advisen is an industry leader in insurance consulting, and regularly hosts conferences offering insights and innovation on cyber risk.

Insurance 40

Insurance Risk Cybersecurity 40

Info Source

MARCH 6, 2019

March 6, 2019 – ABBYY, a global leader in enterprise content IQ technologies and solutions, today announced it achieved 15% revenue growth in 2018, building upon the momentum from an exceptional 2017. ABBYY relies heavily on partners for its success, and 2018 was no exception. MILPITAS, Calif., billion today.

Unstructured data 49

Unstructured data Digital transformation Marketing Financial Services 49

Thales Cloud Protection & Licensing

MARCH 6, 2018

This year, the major regulation that will be implemented, is the European Union’s General Data Protection Regulation (GDPR) , which takes effect on May 25, 2018. The post 2018 Global Data Regulations & Compliance Heat Up – Are you Ready? You can find more information on the Thales website about GDPR and compliance.

Compliance 88

Compliance GDPR Encryption Data Privacy 88

CGI

SEPTEMBER 5, 2018

UK Honey Bees and Insurance; an existential threat in the wings? Wed, 09/05/2018 - 04:28. There is of course one difference between the hive and the Insurance sector – the ability to respond.

Insurance 40

Insurance Sales Marketing IT 40

IT Governance

OCTOBER 30, 2018

Social insurance numbers. The post List of data breaches and cyber attacks in October 2018 – 44,701,278 records leaked appeared first on IT Governance Blog. The crook gained control of FSIN’s internal files and email system and stole data including: Information on residential school survivors. Youth athletes and coaches.

Data breaches 103

Data breaches Computer and Electronics Passwords Insurance 103

IT Governance

OCTOBER 30, 2018

Social insurance numbers. The post List of data breaches and cyber attacks in October 2018 – 44,701,278 records leaked appeared first on IT Governance Blog. The crook gained control of FSIN’s internal files and email system and stole data including: Information on residential school survivors. Youth athletes and coaches.

Data breaches 103

Data breaches Computer and Electronics Passwords Insurance 103

Hunton Privacy

APRIL 30, 2019

The French Data Protection Authority (the “CNIL”) recently published its Annual Activity Report for 2018 (the “Report”) and released its annual inspection program for 2019. The Report provides an overview of the CNIL’s enforcement activities in 2018. The CNIL received 1,170 data breach notifications in 2018.

GDPR 48

GDPR Personal data Data breaches Marketing 48

Data Protection Report

JUNE 2, 2021

million settlement with two related insurance companies, relating to violations of two different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2019. This matter began when insurance affiliate #1, licensed by NYDFS, discovered a phishing email in September of 2018.

Cybersecurity 71

Cybersecurity Insurance Financial Services Phishing 71

Krebs on Security

JUNE 4, 2019

1, 2018 and March 30, 2019. AMCA has advised LabCorp that Social Security Numbers and insurance identification information are not stored or maintained for LabCorp consumers.” Many readers wrote in to say they’d never heard of First American, but it is the largest title insurance company in the United States.

Insurance 265

Insurance Data Privacy Access Security 265

Data Matters

FEBRUARY 7, 2018

Companies that are subject to New York’s Cybersecurity Regulation are moving quickly to finalize their compliance obligations under the Cybersecurity Regulation, as the second “due date” quickly approaches – February 15, 2018. They also became obligated to report cybersecurity events to the NYDFS. .

Compliance 60

Compliance Cybersecurity Information Security Privacy 60

Data Matters

AUGUST 27, 2018

Companies subject to New York’s Cybersecurity Regulation are acting quickly to finalize their compliance obligations as the fifth “due date,” September 4, 2018, quickly approaches. The post NYDFS Cybersecurity Regulation: Additional Cybersecurity Program Safeguards Due September 4, 2018 appeared first on Data Matters Privacy Blog.

Cybersecurity 60

Cybersecurity Compliance Encryption Risk 60