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Cybersecurity Insurance

Schneier on Security

Good article about how difficult it is to insure an organization against Internet attacks, and how expensive the insurance is. Companies like retailers, banks, and healthcare providers began seeking out cyberinsurance in the early 2000s, when states first passed data breach notification laws.

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New York Department of Financial Services Issues Guidance Regarding Life Insurers’ Use of External Consumer Data in Underwriting

Data Matters

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance. Unlawful Discrimination.

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News alert: Kovrr report reveals exposure and cost of material cyber threats — across industries

The Last Watchdog

Kovrr’s models capture a detailed representation of each company’s technological profile and simulate yearly cyber event scenarios tailored to each company’s exposure to risk. Granular Insights While the Fortune 1000 Cyber Risk Report offers invaluable industry comparisons, it should be seen as a foundational resource.

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Webinar on the SAFETY Act, Security and Insurance

Hunton Privacy

From physical threats to cyber attacks targeting a wide range of critical infrastructure, companies in diverse sectors, such as the financial, retail, entertainment, energy, transportation, real estate, communications and other areas, face a challenging landscape of risks and potential liabilities. Join us on October 28, 2019, at 12:00 p.m.

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New Payment Technologies Should Reduce Demand for Cyber Insurance

Hunton Privacy

Hunton & Williams Insurance Litigation & Counseling partner Lon Berk reports: As the demand for cyber insurance has skyrocketed, so too has the cost. New payment technologies, however, will change the need for this type of cyber insurance. As these payment technologies become prevalent in the U.S.,

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Q&A: Why SOAR startup Syncurity is bringing a ‘case-management’ approach to threat detection

The Last Watchdog

There is a gaping shortage of analysts talented enough to make sense of the rising tide of data logs inundating their SIEM (security information and event management) systems. But this hasn’t done the trick. In many cases the tedious, first-level correlating of SIEM logs to sift out threats has moved beyond human capability.

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Catches of the Month: Phishing Scams for November 2022

IT Governance

Elsewhere, we assess data breaches at a cancer research facility and the US retailer Bed Bath & Beyond. As a result, the personal data of 244,850 patients was compromised – which likely includes patients’ names and numbers, but protected health information such as dates of birth and health insurance numbers might also be affected.

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