Hunton Privacy

MAY 4, 2022

In April 2022, two states enacted insurance data security legislation based on the National Association of Insurance Commissioners (“NAIC”) Insurance Data Security Model Law (MDL-668). Kentucky’s law goes into effect on January 1, 2023.

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Insurance Security Information Security Compliance 110

Hunton Privacy

JUNE 9, 2022

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

Insurance Security Information Security Cybersecurity 107

Thales Cloud Protection & Licensing

JANUARY 16, 2025

Simplifying Compliance in the Complex U.S. However, as important as PCI may be, United States financial services organizations operate in one of the worlds most stringent and complex compliance landscapes.

Compliance 62

Compliance Financial Services Encryption Insurance 62

Data Matters

FEBRUARY 2, 2021

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 114

Insurance Security Compliance Privacy 114

Security Affairs

NOVEMBER 11, 2018

The best news of the week with Security Affairs. Apple T2 security chip in new MacBooks disconnects Microphone when lid is closed. Group-IB and CryptoIns introduce the worlds first insurance against cyber threats for cryptocurrency exchanges. HSBC Bank USA notified customers of a security breach. 20% discount. Paper Copy.

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Security IoT Insurance Libraries 237

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. It was also a drag on the sales cycle, and then there was the need for maintaining compliance. Growth has definitely been robust.

Compliance 122

Compliance Security Cybersecurity Marketing 122

Krebs on Security

JUNE 18, 2021

Securities and Exchange Commission settled its investigation into the matter after the Fortune 500 company agreed to pay a paltry penalty of less than $500,000. The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 This week, the U.S. First American Financial Corp.

Insurance 335

Insurance Risk Financial Services Mining 335

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

Insurance 121

Insurance Ransomware Cybersecurity Marketing 121

The Last Watchdog

AUGUST 22, 2019

A core security challenge confronts just about every company today. While the benefits of DX are highly-touted , this shift has also spawned a whole new tier of unprecedented privacy and security challenges. The cloud is kind of dragging this movement along and DevOps and security are center stage, at the moment.”

Digital transformation 147

Digital transformation Compliance Risk Security 147

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 129

Insurance Ransomware Risk Data science 129

Krebs on Security

AUGUST 6, 2020

A group of thieves thought to be responsible for collecting millions in fraudulent small business loans and unemployment insurance benefits from COVID-19 economic relief efforts gathered personal data on people and businesses they were impersonating by leveraging several compromised accounts at a little-known U.S.

Insurance 363

Insurance Communications Authentication Access 363

Krebs on Security

JUNE 4, 2019

Securities and Exchange Commission , LabCorp. AMCA has advised LabCorp that Social Security Numbers and insurance identification information are not stored or maintained for LabCorp consumers.” credit card numbers and bank account information), medical information and Social Security Numbers. ” ANALYSIS.

Insurance 271

Insurance Security Data Privacy Access 271

eSecurity Planet

OCTOBER 8, 2024

IT leaders know that the reason regulators and cybersecurity insurers require them to conduct network penetration testing is to ensure they’re protecting their networks from being accessed by attackers. Consultants test using a lot of tools that require a lot of manual processes, and those take time,” says Jason Wells, COO at Vonahi Security.

Compliance 110

Compliance Insurance Risk Security 110

The Last Watchdog

JUNE 2, 2022

Big banks and insurance companies instilled the practice of requesting their third-party vendors to fill out increasingly bloated questionnaires, called bespoke assessments, which they then used as their sole basis for assessing third-party risk. It does this by ingesting and correlating data from a wide array of security-related datasets.

Security 266

Security Risk Digital transformation Insurance 266

Security Affairs

NOVEMBER 14, 2022

Add to that, there is the risk of penalties and fines (which are not insurable in most jurisdictions) not only under privacy and data protection regulations but also on the basis of cybersecurity regulations that are now proliferating. What should directors do if a cyberattack happens to the company? there could be reputational damage.

Insurance 355

Insurance Risk Ransomware Encryption 355

Security Affairs

NOVEMBER 20, 2023

– Authentication and Security : APIs may require authentication for access control. Here are a few: Security Vulnerabilities : Unmanaged APIs may have security vulnerabilities that can be exploited by malicious actors. – Error Handling : Error messages are provided in the response for issue resolution.

Authentication 340

Authentication Risk Government Security 340

The Last Watchdog

MARCH 13, 2023

So how will this affect chief information security officers (CISOs) and security programs? Given the perennial skills and staffing shortage in security, it’s unlikely that CISOs will be asked to make deep budget or staffing cuts, yet they may not come out of this period unscathed. Demonstrate secure practices to customers.

Security 203

Security Insurance Cybersecurity Customer Experience 203

Krebs on Security

MARCH 2, 2021

-based PrismHR handles everything from payroll processing and human resources to health insurance and tax forms for hundreds of “professional employer organizations” (PEOs) that serve more than two million employees. 28, and that it disabled access to its platform for all users in an effort to contain the security incident.

Ransomware 341

Ransomware Insurance Cloud Encryption 341

The Last Watchdog

APRIL 30, 2019

I had the chance at RSA 2019 to visit with George Wrenn, founder and CEO of CyberSaint Security , a cybersecurity software firm that plays directly in this space. Then you have the folks whose security programs have run out of steam and they’re looking for a way to prove that they’re doing due care,” Wrenn said.

Cybersecurity 173

Cybersecurity Insurance Security Privacy 173

Data Protection Report

MARCH 21, 2023

The French Information and Digital Security Experts Club ( CESIN ) has estimated that 54% of French companies were subject to cyberattacks in 2021, [1] while France Assureurs has put cyberattack risks on top of all other risks for the sixth year in a row. [2] 12-10-1 into the French Insurance code. However, in the end, Article L.12-10-1

Insurance 105

Insurance Data breaches Personal data GDPR 105

IG Guru

NOVEMBER 30, 2023

The post Cyber Security: Insurance Prices Level After Two Years of Brutal Increases via ENR first appeared on IG GURU. Check out the article here.

Insurance 96

Insurance Security Information governance Risk 96

Security Affairs

SEPTEMBER 23, 2023

The City confirmed the security incident and is working to recover from the ransomware attack that impacted its services, including the police department. million to mitigate the May Royal ransomware attack appeared first on Security Affairs. In May 2023, a ransomware attack hit the IT systems at the City of Dallas , Texas.

Ransomware 334

Ransomware Encryption Systems administration Cybersecurity 334

The Last Watchdog

APRIL 8, 2024

Related: The ‘cyber’ case for D&O insurance Vanessa Pegueros knows this all too well. Thus, presenting a sky-is-falling scenario to justify a fatter security budget, “does not resonate at the board level,” she said in her talk. Pigueros: Compliance is not going to fix all the security risks.

Compliance 210

Compliance Cybersecurity Risk Mining 210

AIIM

OCTOBER 15, 2018

In a recent AIIM webinar, Craig Le Clair, Forrester VP and Principle Analyst, and Florian Vondal, Allianz Solution Architect, took a closer look at the “esign of the times” and what must be considered when attempting to accelerate e-signature adoption enterprise-wide and meet global compliance. Millennials or Generation X).

Compliance 116

Compliance Insurance Digital transformation Authentication 116

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

Hunton Privacy

DECEMBER 16, 2022

The FTC emphasized that the tool is meant to provide general guidance about potential compliance obligations and cannot substitute for personalized legal advice.

Compliance 108

Compliance Insurance Privacy Access 108

IBM Big Data Hub

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 96

Insurance Digital transformation Customer Experience Cloud 96

IT Governance

FEBRUARY 22, 2022

Information security management is a way of protecting an organisation’s sensitive data from threats and vulnerabilities. The process is typically embedded via an ISMS (information security management system) , which provides the framework for managing information security. Why is information security management important?

Information Security 138

Information Security Security Data breaches Risk 138

Thales Cloud Protection & Licensing

FEBRUARY 3, 2025

What 2025 HIPAA Changes Mean to You madhav Tue, 02/04/2025 - 04:49 Thales comprehensive Data Security Platform helps you be compliant with 2025 HIPAA changes. You expect Personal Health Information (PHI) to be protected, thankfully due to HIPAA Compliance. 60% of healthcare respondents have five or more key management systems in use.

Encryption 62

Encryption Compliance Insurance Authentication 62

Krebs on Security

DECEMBER 13, 2021

On 10 May 2021, security auditors first identified evidence of the attacker compromising systems within Hospital C and Hospital L. On May 13, the HSE’s antivirus security provider emailed the HSE’s security operations team, highlighting unhandled threat events dating back to May 7 on at least 16 systems.

Ransomware 331

Ransomware Cybersecurity Phishing Security 331

AIIM

JULY 24, 2018

Three Critical Steps for GDPR Compliance. Mitigate Data Privacy and Security Risks with Machine Learning. The Privacy and Security Dichotomy. GDPR Compliance Starts with Data Discovery. There are a number of areas where GDPR strengthens compliance obligations and imposes additional legal liabilities.

GDPR 106

GDPR Compliance Privacy Data Privacy 106

Hanzo Learning Center

JUNE 28, 2022

Most people have heard of the Health Insurance Portability and Accountability Act (HIPAA), so it’s not surprising that companies dealing with digital health information will have to be HIPAA compliant. To do so, any protected health information (PHI) must be kept confidential, secure, and available when being stored or transmitted.

Archiving 98

Archiving Compliance Insurance Security 98

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

Insurance 77

Insurance Authentication Risk Ransomware 77

Thales Cloud Protection & Licensing

MAY 26, 2023

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

Insurance 71

Insurance Digital transformation Security Authentication 71

eSecurity Planet

MARCH 18, 2022

Many security professionals think that if they have done the hard work of securing their organization, that should be enough. Even though drafting IT security policies can be a pain, formal policies provide a valuable resource to protect both the IT team and their organization. Written security policies.

Security 124

Security IT Compliance Access 124

The Last Watchdog

OCTOBER 26, 2021

Addressing compliance, security. And there are two other intertwined drivers in play: compliance and security. These compliance pressures stem directly from the malicious hacking that continues to devastate individuals’ privacy and generally wreak havoc with data security. I’ll keep watch and keep reporting.

Digital transformation 230

Digital transformation Compliance Encryption Authentication 230

Thales Cloud Protection & Licensing

OCTOBER 24, 2024

New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of Financial Services (NYDFS) is November 1, 2024.

Cybersecurity 62

Cybersecurity Financial Services Encryption Compliance 62