Data Matters

SEPTEMBER 20, 2021

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. The changes are effective December 31, 2021.

Insurance 86

Insurance e-Delivery Paper Cybersecurity 86

IBM Big Data Hub

MARCH 25, 2024

In 2021, large-scale floods affected the European countries of Austria, Germany, Belgium, the Netherlands and Luxembourg, causing USD 43 billion worth of damage in addition to a tragic loss of life. According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million.

Financial Services 85

Financial Services Insurance Risk Agriculture 85

IT Governance

JULY 30, 2024

But as a reminder, here are some key facts about the CrowdStrike incident: CrowdStrike is a publicly listed security company, which provides security software to – among many other large organisations – Microsoft. The outage was caused by a bad security update rolled out by CrowdStrike. Learn more about the CIA triad here.)

Insurance 104

Insurance Risk Encryption Manufacturing 104

Security Affairs

APRIL 22, 2022

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.

Insurance 96

Insurance Risk Cybersecurity Ransomware 96

Schneier on Security

JANUARY 25, 2022

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

Insurance 75

Insurance Risk Government IT 75

The Last Watchdog

JULY 13, 2023

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. The perceived threat of cyber risk to global business leaders peaked in 2021 (34%) and over the past two years, the risk perception has dropped (27%).

Risk 189

Risk Insurance Energy and Utilities Marketing 189

Hunton Privacy

AUGUST 2, 2021

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.

Cybersecurity 87

Cybersecurity Insurance Military Data Privacy 87

KnowBe4

MAY 18, 2022

Whoa Nellie, that's getting to be real money here. This is the kind of thing that starts cutting into your whole IT budget.

Insurance 129

Insurance IT Security awareness Security 129

Security Affairs

SEPTEMBER 8, 2024

Every week the best security articles from Security Affairs are free in your email box. A new round of the weekly SecurityAffairs newsletter arrived! Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press. Managing Cybersecurity in the Age of Artificial Intelligence Clearview AI Faces €30.5M

Security 113

Security Data breaches Artificial Intelligence Ransomware 113

eSecurity Planet

NOVEMBER 5, 2021

The tool uses security analytics to detect anomalous activity that deviates from a baseline of "normal" user behaviors and notifies parties when unusual behavior occurs. It offers risk assessment, auditing, incident management, mitigation, and compliance management to ensure a solid security posture. Learn more about StandardFusion.

Risk 119

Risk Compliance Cloud Access 119

eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. Also Read: Best Encryption Tools & Software for 2021. Raising awareness about ransomware is a baseline security measure. A ransomware attack is about as bad as a cyber attack can get.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

eSecurity Planet

AUGUST 27, 2021

Cyberattacks caused by supply chain vulnerabilities mean organizations need a renewed perspective on how to address third-party security. BitSight Security Ratings Platform. Ten years after BitSight became a pioneer in the security ratings space, the Boston-based company holds 32 patents and has rated over 40 million companies.

Risk 130

Risk Compliance Marketing Cybersecurity 130

eSecurity Planet

AUGUST 13, 2021

Since the inception of data forensics almost forty years ago, methods for investigating security events have given way to a market of vendors and tools offering digital forensics software (DFS). This article looks at the top digital forensic software tools of 2021 and what customers should consider when buying or acquiring a DSF tool.

e-Discovery 139

e-Discovery Computer and Electronics Marketing Compliance 139

IT Governance

FEBRUARY 15, 2022

This is as true in the cyber security landscape as it is in any other. To help you understand what might be in store in 2022, we’ve collected nine forecasts from cyber security experts. Cyber insurance will become more popular and more comprehensive. Cyber insurance premiums will increase. But predictions are difficult.

Security 142

Security Insurance Authentication Passwords 142

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. Insurers should: Establish a Formal Cyber Insurance Risk Strategy.

Insurance 77

Insurance Financial Services Cybersecurity Risk 77

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

Krebs on Security

APRIL 26, 2021

Last week, KrebsOnSecurity heard from a reader who had his freeze thawed without authorization through Experian’s website, and it reminded me of how truly broken authentication and security remains in the credit bureau space. “They’re allowing this huge security gap so they can make a profit. .”

Security 333

Security Authentication Access Insurance 333

IT Governance

JUNE 1, 2021

If you find yourself facing a cyber security disaster, IT Governance is here to help. Edinburgh mental health clinic in probe after client information accessed in scam (unknown) Iranian Hackers Hit H&M Israel (unknown) South Africa’s VirginActive goes offline after cyber attack (unknown) B.C. Find out more. Ransomware.

Data breaches 123

Data breaches Ransomware Insurance Energy and Utilities 123

IT Governance

JULY 7, 2021

The number of officially reported HMRC-branded phishing scams increased from 572,029 in the 2019–2020 fiscal year to 1,069,522 in 2020–2021, according to data obtained under the Freedom of Information Act. Avanan’s 2021 Global Phish Cyber Attack Report found that credential harvesting is used in 54% of all phishing attacks.

Phishing 98

Phishing Manufacturing Insurance Data breaches 98

IT Governance

SEPTEMBER 1, 2021

Travel and medical insurance provider guard.me Travel and medical insurance provider guard.me Travel and medical insurance provider guard.me If you find yourself facing a cyber security disaster, IT Governance is here to help. Cyber attacks. Malicious insiders and miscellaneous incidents.

Data breaches 140

Data breaches Ransomware Insurance Data migration 140

IT Governance

JULY 1, 2021

We found a comparatively low 9,780,931 breached records from publicly disclosed security incidents in June 2021. June’s figures bring the annual running total of security incidents to 729 and the total number of breached records to 3,947,030,094.

Data breaches 129

Data breaches Ransomware Computer and Electronics Retail 129

Security Affairs

JULY 24, 2022

A new round of the weekly Security Affairs newsletter arrived! Every week the best security articles from Security Affairs for free in your email box. The post Security Affairs newsletter Round 375 by Pierluigi Paganini appeared first on Security Affairs. Follow me on Twitter: @securityaffairs and Facebook.

Security 105

Security Ransomware Insurance Analytics 105

IT Governance

NOVEMBER 1, 2021

In October, we discovered 94 publicly disclosed cyber security incidents, accounting for 51,248,331 breached records. And don’t forget to check out our Q3 2021 data breaches and cyber attacks quarterly review , in which we take a closer look at the information gathered in our monthly lists. Cyber attacks. Ransomware. Data breaches.

Data breaches 116

Data breaches Ransomware Government Education 116

Thales Cloud Protection & Licensing

NOVEMBER 9, 2021

Evolution of Cloud Security: From Shared Responsibility to Shared Fate. Tue, 11/09/2021 - 11:20. The increasing legal exposure for global enterprises that need to comply with more and more security privacy regulations. The attractiveness of cloud computing is creating new security challenges every day.

Cloud 123

Cloud Security Encryption Insurance 123

Hunton Privacy

JULY 1, 2022

(“Carnival”), the world’s largest cruise-ship operator, for violations of the Cybersecurity Regulation (23 NYCRR Part 500) in connection with four cybersecurity events between 2019 and 2021, including two ransomware events. .

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Krebs on Security

DECEMBER 13, 2021

The consulting firm PricewaterhouseCoopers recently published lessons learned from the disruptive and costly ransomware attack in May 2021 on Ireland’s public health system. Ireland’s Health Service Executive (HSE), which operates the country’s public health system, got hit with Conti ransomware on May 14, 2021.

Ransomware 284

Ransomware Cybersecurity Phishing Security 284

Krebs on Security

AUGUST 5, 2024

Security experts say the Dark Angels have been around since 2021, but the group doesn’t get much press because they work alone and maintain a low profile, picking one target at a time and favoring mass data theft over disrupting the victim’s operations. Securities and Exchange Commission (SEC) on February 21, 2024.

Ransomware 225

Ransomware Healthcare Insurance Cybersecurity 225

IT Governance

JUNE 15, 2022

In an increasingly digital world, there are an escalating number of cyber security risks for business to address. IT Governance identified more than 1,200 publicly disclosed data breaches in 2021 , while another report found that security incidents cost almost £3 million on average. Poor patch management. Weak passwords.

Risk 143

Risk Security Passwords Phishing 143

Lenny Zeltser

JULY 1, 2020

To achieve this, the scammer: Obtains the victim’s personal information , including name, date of birth, social security number, address, and probably employment history. Though this website normally provides free credit reports once a year , due to COVID-19, it offers them weekly “through April 2021.”

Insurance 120

Insurance Data breaches Government IT 120

Krebs on Security

APRIL 28, 2021

Bill Demirkapi , an independent security researcher who’s currently a sophomore at the Rochester Institute of Technology , said he discovered the data exposure while shopping around for student loan vendors online. . Data security has always been, and always will be, our highest priority.” 27, 2021).

Insurance 360

Insurance Access Authentication Security 360

Security Affairs

DECEMBER 28, 2022

The chief executive of insurance giant Zurich warns that cyber attacks, rather than natural catastrophes, will become uninsurable. Mario Greco, chief executive of insurer giant Zurich, has warned that cyber attacks will become soon “uninsurable.”. What will become uninsurable is going to be cyber,” Mario Greco told the Financial Times.

Insurance 98

Insurance Risk Ransomware IT 98

eSecurity Planet

FEBRUARY 14, 2023

I remember the first time we were asked for a SOC 2 report, which quickly became the minimum bar requirement in our industry for proof of an effective security program,” he said. The vision was to automate security and compliance across 14 frameworks, including SOC 2, ISO 27001, HIPAA and GDPR. Growth has definitely been robust. “Our

Compliance 121

Compliance Security Cybersecurity Marketing 121

Hunton Privacy

OCTOBER 14, 2021

During the week of October 4, 2021, California Governor Gavin Newsom signed into law bills amending the California Privacy Rights Act of 2020 (“CPRA”), California’s data breach notification law and California’s data security law. Genetic Data: California Data Breach Notification and Data Security Law Amendment Bill.

Privacy 98

Privacy Insurance Security Data breaches 98

Security Affairs

FEBRUARY 22, 2022

The attack took place on October 25, 2021, as reported by the data breach notification letter shared with the U.S. “On or around October 25, 2021, Meyer was the victim of a cybersecurity attack by an unauthorized third party that impacted our systems and operations. Attorney General offices of Maine and California.

Data breaches 119

Data breaches Insurance Ransomware Cybersecurity 119

Krebs on Security

DECEMBER 8, 2022

Alex Holden is founder of Hold Security , a Milwaukee-based cybersecurity firm. The CLOP members said one tried-and-true method of infecting healthcare providers involved gathering healthcare insurance and payment data to use in submitting requests for a remote consultation on a patient who has cirrhosis of the liver. ”

Ransomware 283

Ransomware Metadata Insurance Encryption 283

Security Affairs

SEPTEMBER 28, 2023

The company provides HVAC (heating, ventilation, and air conditioning), solutions for building automation, fire and security systems, and components for energy management. Johnson Controls International announced it has suffered a ransomware attack that impacted many systems of the company, Bleeping Computer reported.

Ransomware 133

Ransomware Insurance Cybersecurity Encryption 133

eSecurity Planet

MAY 5, 2021

These services are managed by outsourced teams of experts to help remove some of the need for dedicated onsite security staff and to decrease the amount of day-to-day work for their clients. Here is our list of the top MDR services for 2021. The company currently secures $5.7 Key differentiators: Dedicated security advisor.

Cloud 57

Cloud Compliance Analytics Artificial Intelligence 57