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Vermont Enacts Insurance Data Security Law

Hunton Privacy

515 , making Vermont the twenty-first state to enact legislation based on the National Association of Insurance Commissioners Insurance Data Security Model Law (“MDL-668”). Information Security Program Requirements. On May 27, 2022, Vermont Governor Phil Scott signed H.515

Insurance 107
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26 Cyber Security Stats Every User Should Be Aware Of in 2024

Security Affairs

26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 trillion annually by 2025, rising by 15% each year.

Security 142
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DORA Compliance Strategy for Business Leaders

Security Affairs

In January 2025, European financial and insurance institutions, their business partners and providers, must comply with DORA. In January 2025, financial and insurance institutions in Europe and any organizations that do business with them must comply with the Digital Operation Resilience Act, also known as DORA.

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Automated Security and Compliance Attracts Venture Investors

eSecurity Planet

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

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How Defence in Depth Can Help Organisations Tackle Complex Cyber Security Risks

IT Governance

According to Cisco’s 2022 Cybersecurity Almanac , the amount of money organisations spend recovering from cyber attacks is expected to increase by 75% in the five-year period from 2021 to 2025, reaching as much as $10.5 It’s why many experts recommend taking a defence-in-depth approach to cyber security. . trillion (about £8.9

Risk 102
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New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024

Thales Cloud Protection & Licensing

Several key provisions of the amended regulations will take effect on November 1, 2024, with additional measures rolling out in 2025. Achieving NYDFS Compliance Thales’ solutions can help Financial Institutions comply with NYDFS by simplifying compliance and automating security, reducing the burden on security and compliance teams.

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DORA: 1 year to go! Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds

Thales Cloud Protection & Licensing

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. The adoption of cloud computing is a way to improve the security and the resilience of ICT services.