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

eSecurity Planet

AUGUST 9, 2022

are subject to laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (the HITECH Act), as well as regulations such as the Clinical Laboratory Improvements Amendments (CLIA). Healthcare Data Privacy Laws. Health data and patient data in the U.S.

Data Privacy 145

Data Privacy Compliance Privacy Security 145

eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. Advanced Encryption. Though data encryption is helpful against outside breaches, it does little to protect against internal data theft. Maintaining Regulatory Compliance.

Risk 145

Risk Cybersecurity Encryption Access 145

HL Chronicle of Data Protection

FEBRUARY 25, 2020

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the effective date of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act or Act).

Cybersecurity 104

Cybersecurity Financial Services Data breaches Information Security 104

eSecurity Planet

SEPTEMBER 21, 2024

Health Insurance Portability & Accountability Act (HIPAA) The Health Insurance Portability and Accountability Act (HIPAA) sets standards for protecting sensitive health information, particularly electronic health records (EHRs). This includes administrative, physical, and technical safeguards like encryption and access controls.

Cybersecurity 120

Cybersecurity Computer and Electronics Compliance Privacy 120

eSecurity Planet

JUNE 16, 2022

Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 In May, cybersecurity researchers revealed that ransomware attacks are increasing their aggressive approach by destroying data instead of encrypting it.

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

Data Protection Report

FEBRUARY 8, 2022

When you enter personal information on our Site, we encrypt transmissions involving such information using secure protocols.” On January 24, 2022, the New York Attorney General (AG) announced a settlement with vision-benefits-provider EyeMed Vision Care, Inc., In total, information for approximately 2.1 SHIELD Act.

Passwords 98

Passwords Financial Services Authentication Insurance 98

Hunton Privacy

JULY 24, 2020

On Wednesday, July 22, the New York Department of Financial Services (the “NYDFS”) announced that it had filed administrative charges against First American Title Insurance Co. under the NYDFS Cybersecurity Regulation , marking the agency’s first enforcement action since the rules went into effect in March 2017. NYCRR 500.14(b):

Cybersecurity 85

Cybersecurity Risk Financial Services Insurance 85

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

Adam Levin

NOVEMBER 30, 2018

“The company recently discovered that an unauthorized party had copied and encrypted information, and took steps towards removing it,” Marriott disclosed in a statement. The vulnerability that the hackers took advantage of had been in place and used for “unauthorized access,” according to the company statement, since 2014.

Financial Services 66

Financial Services Encryption Passwords Communications 66

Data Protection Report

OCTOBER 23, 2024

The regulation includes elements of both the Health Insurance Portability and Accountability Act (HIPAA) and the New York Department of Financial Services (NYDFS) cybersecurity regulation.

Cybersecurity 45

Cybersecurity Risk Access Financial Services 45

Thales Cloud Protection & Licensing

JULY 9, 2018

Throughout the process of providing medical services for a given patient, multiple people will come into contact with the patient’s records, from physicians, to nurses, to aides, to insurance providers, etc. Financial Services. Encryption and Tokenization.

Digital transformation 75

Digital transformation Financial Services Encryption Insurance 75

eSecurity Planet

FEBRUARY 16, 2021

All of your files are encrypted with RSA-2048 and AES-128 ciphers.” ” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.” IMPORTANT INFORMATION !!!

Ransomware 97

Ransomware Encryption Insurance Cloud 97

Thales Cloud Protection & Licensing

MARCH 31, 2025

Once thought unbreakable, traditional encryption faces an existential threat from quantum processors that can theoretically solve complex equations in mere moments. Adversaries are collecting encrypted data ranging from sensitive transactions and patient records to government communicationsand storing it for future decryption.

Security 62

Security Encryption e-Discovery Compliance 62

OpenText Information Management

JULY 9, 2024

The financial services sector, long rooted in traditional methods and complex operations, is experiencing a dramatic transformation. Forget the outdated image of clunky fax machines—today’s digital fax and capture offer a sleek, efficient, and secure way to manage information in the modern financial world.

Paper 64

Paper Financial Services Blockchain Compliance 64

Thales Cloud Protection & Licensing

DECEMBER 23, 2019

Banking, financial services, media, insurance, and e-commerce companies have the lead in transformational initiatives in India. Using methods like encryption, tokenization, and masking within their own environments will ensure protection when data moves between SaaS applications or migrates to other applications.

Digital transformation 15

Digital transformation Cloud Encryption Data Privacy 15

Hunton Privacy

FEBRUARY 6, 2015

Almost half of the broker-dealers (47%) reportedly participate in information sharing organizations such as the Financial Services Information Sharing and Analysis Center. Almost all the examined broker-dealers (98%) and advisers (91%) make use of encryption in some form.

Cybersecurity 40

Cybersecurity Insurance Financial Services Risk 40

Hunton Privacy

APRIL 27, 2017

Earlier this month, the New York State Department of Financial Services (“NYDFS”) recently published FAQs and key dates for its cybersecurity regulation (the “NYDFS Regulation”) for financial institutions that became effective on March 1, 2017. March 1, 2019 – the two year transitional period ends.

Cybersecurity 53

Cybersecurity Compliance Financial Services Insurance 53

IT Governance

NOVEMBER 13, 2023

On 14 September, Mulkay discovered that the compromised files contained personal information, including “name, address, date of birth, Social Security number, driver’s license number or state ID, medical treatment information, and health insurance information”. Customer data, which was encrypted, was reported to be unaffected.

Data Privacy 74

Data Privacy Privacy Security Data breaches 74

Data Matters

MARCH 12, 2019

Of particular note, the Safeguards Rule NPRM proposes to align the FTC’s requirements with those of the New York Department of Financial Services (“NYDFS”), as found in its cybersecurity regulations, and the National Association of Insurance Commissioners (“NAIC”), as found in its insurance data security model law.

Privacy 67

Privacy IT Information Security Insurance 67

Data Matters

APRIL 20, 2021

DOL guidance provides a series of questions that should serve as a starting point for this review and includes topics such as the service provider’s information security standards, track record, cybersecurity insurance coverage, and cybersecurity validation techniques.

Cybersecurity 67

Cybersecurity Insurance Risk Compliance 67

Adam Levin

NOVEMBER 17, 2020

VPNs encrypt data , making it much harder to intercept when transmitted through a shared or suspect internet connection. SSLs ensure all data is encrypted. A green or gray padlock icon in your browser’s address bar also indicates that information, like credit card numbers, is encrypted when transmitted. Look for the lock.

Retail 97

Retail e-Delivery Passwords Phishing 97

eSecurity Planet

OCTOBER 5, 2021

A token acts as an electronic cryptographic key that unlocks the device or application, usually with an encrypted password or biometric data. Banking, financial services, and insurance industries constitute the largest share of adopters, with North America leading adoption, according to Orbis Research.

Authentication 104

Authentication Passwords Access Computer and Electronics 104

Data Protection Report

JANUARY 7, 2019

The two-year transitional period under the New York State Department of Financial Services (“DFS””) Cybersecurity Regulation , 23 NYCRR 500 (the “Regulation”), will expire on March 1, 2019, with the final remaining requirement becoming effective.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

eSecurity Planet

AUGUST 13, 2021

With their Digital Intelligence Investigative Platform, Cellebrite boasts services that unify the investigative lifecycle and preserve digital evidence. Be it advanced locks, encryption barriers, or deleted and unknown content, the UFED (Universal Forensic Extraction Device) can extract physical and logical data.

e-Discovery 139

e-Discovery Computer and Electronics Marketing Compliance 139

Data Matters

OCTOBER 8, 2020

Ransomware attacks use malware, often injected through phishing schemes, to encrypt a victim’s data files or programs, followed by a ransom demand by the threat actor that offers the decryption key in exchange for payment. Payment is often demanded in bitcoin, and thus third-party services are often used to make such payments.

Ransomware 67

Ransomware Compliance Risk Government 67

IT Governance

MARCH 11, 2024

Glosbe dictionary exposes almost 7 million records The multilingual online dictionary Glosbe left a MongoDB instance unsecured last year, exposing nearly 7 million users’ information, including personal data, encrypted passwords and social media identifiers. Glosbe did not reply, but the open instance was soon closed.

Data Privacy 78

Data Privacy Privacy Security Data breaches 78

DLA Piper Privacy Matters

AUGUST 23, 2021

The PIPL includes a specific obligation on data controllers to adopt corresponding encryption or deidentification technologies, and to adopt access controls and training. Additional safeguards must be applied for sensitive personal information and processing by CIIOs.

Data Privacy 111

Data Privacy Privacy Compliance Analytics 111

eSecurity Planet

JANUARY 21, 2021

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. Insurance & claims management. Additionally, Forrester named it a Contender in its Q1 2020 GRC Wave. See our in-depth look at RSA Archer. LogicManager. Back to top.

Compliance 67

Compliance Risk Government Retail 67

ARMA International

AUGUST 2, 2019

Though Capital One reports that it encrypts its data as a standard practice, the data was de-encrypted during the breach. Even so, some 140,000 Social Security numbers, 1 million (Canadian) Social Insurance numbers, and 80,000 linked bank account numbers were exposed. Thompson in connection with the incident.

Cloud 44

Cloud Data breaches Encryption Access 44

eSecurity Planet

JANUARY 21, 2021

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. Insurance & claims management. Additionally, Forrester named it a Contender in its Q1 2020 GRC Wave. See our in-depth look at RSA Archer. LogicManager. Back to top.

Compliance 57

Compliance Risk Government Retail 57

HL Chronicle of Data Protection

MARCH 14, 2019

Specific information security measures. The proposed Rule is much more detailed in terms of security measures that FIs must implement.

Privacy 40

Privacy Risk Cybersecurity Information Security 40

DLA Piper Privacy Matters

JULY 30, 2019

Some states – such as Alabama, Massachusetts and New York (for financial services companies) – prescribe particular requirements of a “reasonable” cybersecurity program. At least nine states expressly extend these requirements to service providers. Proof of adequate cyber insurance coverage.

Data breaches 45

Data breaches Cybersecurity Financial Services Risk 45

Data Matters

APRIL 23, 2018

Encrypting critical data assets. Board-management discussions about cyber risk should include identification of which risks to avoid, which to accept, and which to mitigate or transfer through insurance, as well as specific plans associated with each approach. Encrypting Critical Data Assets. Using appropriate access controls.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

DLA Piper Privacy Matters

APRIL 2, 2020

Where feasible, consider using encryption and secure file transfer platforms for the transmission of sensitive data. Some newer laws, such as the New York Department of Financial Services Cybersecurity Regulation, require MFA under certain circumstances. Secure systems enabling remote access.

Cybersecurity 52

Cybersecurity Phishing Authentication Access 52

ForAllSecure

JANUARY 19, 2022

Vamosi: In the 1970s, while working for Bell Labs, Robert Morris Sr came up with the idea of a one way algorithm, a means of encryption that can’t easily be decrypted. Moffatt: And the subtle difference between encrypting a password and hashing the f1 the cards encrypted, let's just throw cryptography at this problem.

Passwords 52

Passwords Authentication Access Data breaches 52

eSecurity Planet

MAY 11, 2023

I am very surprised that the cyber insurance industry has not required zero trust architecture already, but perhaps the $1.4 Encryption needs to be done for the environment, and that means that key management is another very complex process. Perhaps with the Merck ruling, the cyber insurers finally got the financial incentive to do so.

Cloud 109

Cloud IT Insurance Authentication 109