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France: Changes to insurability of cyber losses

DLA Piper Privacy Matters

LOPMI introduces amendments to the insurability of losses and damages paid in response to cyber-attacks, including in relation to ransom payments – requiring that the payment of insurance compensation be conditional on the filing of a complaint, within a 72 hour time frame, to competent authorities.

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Ohio Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law

Data Matters

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”.

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Michigan Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law

Data Matters

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. 6491 (Act). MCL § 500.550.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

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.

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Connecticut Tightens its Data Breach Notification Laws

Data Protection Report

Effective October 1, 2021, an amendment [1] to the Connecticut General Statute concerning data privacy breaches, Section 36a-701b, will impact notification obligations in several significant ways. Required Identity Theft Prevention Services. HIPAA and HITECH Deemed Compliance. Additional Considerations for Businesses.

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Acuity Who? Attempts and Failures to Attribute 437GB of Breached Data

Troy Hunt

Allegedly, Acuity had a data breach. That's the context that accompanied a massive trove of data that was sent to me 2 years ago now. It was only this week as I desperately tried to make some space to process yet more data that I realised why I was short on space in the first place: Ah, yeah - Acuity - that big blue 437GB blob.

Insurance 123
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Where data meets IP – Derivative data in M&A transactions

Data Protection Report

With the growth of the high-tech industry worldwide, it is no surprise that more and more transactions involve the transfer of rights to access or control data and derivative data. In our previous update we discussed protecting business data in a commercial context. Due diligence concerns.