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Regulatory Update: NAIC Summer 2018 National Meeting

Data Matters

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.

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Hackers Breached Virginia Bank Twice in Eight Months, Stole $2.4M

Krebs on Security

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.

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Iran-linked APT group Pioneer Kitten sells access to hacked networks

Security Affairs

” PIONEER KITTEN hackers to date have focused their attacks against entities in North American and Israeli, while targeted sectors include technology, government, defense, healthcare, aviation, media, academic, engineering, consulting and professional services, chemical, manufacturing, financial services, insurance, and retail. .

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SEC Continues Focus on Cybersecurity Disclosure Failures, Announces Settled Charges Against Pearson plc

Data Matters

2 The SEC’s Pearson Order follows its June 2021 announcement that it had settled charges against First American Title Insurance Company (First American) for cybersecurity disclosure control failures. 2, 2018); Sidley Austin LLP, SEC Issues New Guidance on Cybersecurity Disclosure Requirements, Sidley Austin LLP (Mar.

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Progressive?

InfoGovNuggets

It’s one thing when an insurance company asks you to install an appliance that tracks your driving habits. But what if the car manufacturer installs an app that sends the data to the insurer? “App Tracks Driving Habits,” The Wall Street Journal , July 6, 2018 B3. You can qualify for rate discounts.

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The hidden threats facing your intellectual property

IT Governance

For life sciences and pharmaceutical companies, this includes data on the development and testing of new therapies and details of how therapies are manufactured. Last year, private healthcare giant BUPA suffered a breach affecting 108,000 health insurance policies when a rogue employee copied and removed information from the organisation.

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Kofax Named a Strong Performer in Robotic Process Automation by Independent Research Firm

Info Source

Irvine, CA, June 28, 2018 – Kofax ® , a leading supplier of software to automate and digitally transform information intensive processes, today announced it was among the select companies that Forrester invited to participate in its 2018 Forrester Wave evaluation, The Forrester Wave : Robotic Process Automation, Q2 2018.