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Why Cyber Insurance is Essential in 2022

IT Governance

One of the most common ways to mitigate the risk of a cyber security incident is cyber insurance. These activities aren’t typically included in standard business insurance policies, which tend to only cover costs related to technical issues, such as corrupted hard drives and lost devices.

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NAIC Insurance Data Security Law Annual Certifications: Is Yours Due By February 15?

Data Matters

The National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law has been adopted in at least 11 states, with several others (including New York) having implemented either older or similar laws or administrative guidance. See State Legislative Brief, NAIC, June 2020.

Insurance 113
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The worst cyber attacks of 2021

Security Affairs

Which are the cyber attacks of 2021 that had the major impact on organizations worldwide in terms of financial losses and disruption of the operations? According to Bloomberg , CNA Financial opted to pay the ransom two weeks after the security breach because it was not able to restore its operations. The pipeline allows carrying 2.5

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Crooks stole driver’s license numbers from Geico auto insurer

Security Affairs

Car insurance provider Geico has suffered a data breach, attackers have stolen the driver’s licenses for policyholders for several weeks. Geico, the second-largest auto insurer in the U.S., We have reason to believe that this information could be used to fraudulently apply for unemployment benefits in your name.”

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Insurance firm CNA discloses data breach after March ransomware attack

Security Affairs

Insurance giant CNA notifies customers of a data breach after the Phoenix CryptoLocker ransomware attack suffered in March. US insurance giant CNA is notifying customers of a data breach after the ransomware attack that it suffered in March. Bloomberg was informed about the payment by two people familiar with the attack.

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Cyber Insurance and the Changing Global Risk Environment

Security Affairs

When security fails, cyber insurance can become crucial for ensuring continuity. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

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New Connecticut Breach Notification Requirements and Cybersecurity Safe Harbor Effective October 2021

Hunton Privacy

Connecticut recently passed two cybersecurity laws that will become effective on October 1, 2021. On June 16, 2021, Connecticut Governor Ned Lamont signed HB 5310, An Act Concerning Data Privacy Breaches. On July 6, 2021, Governor Ned Lamont signed HB 6607, An Act Incentivizing the Adoption of Cybersecurity Standards for Businesses.