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Don’t Wanna Pay Ransom Gangs? Test Your Backups.

Krebs on Security

Experts say the biggest reason ransomware targets and/or their insurance providers still pay when they already have reliable backups is that nobody at the victim organization bothered to test in advance how long this data restoration process might take. That’s why tabletop exercises are incredibly important.

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Security Affairs newsletter Round 408 by Pierluigi Paganini

Security Affairs

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CrowdStrike: Lessons on the Importance of Contracts, Insurance and Business Continuity

IT Governance

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. Identifying the risks at a high level is, without question, an important exercise. Then there’s insurance. of its share price. What happens if that data is wrong or unavailable?

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Cybersecurity Rules for Insurance Companies to Take Effect in South Carolina

Hunton Privacy

New cybersecurity rules for insurance companies licensed in South Carolina are set to take effect in part on January 1, 2019. The new law is the first in the United States to be enacted based on the data security model law drafted by the National Association of Insurance Commissioners.

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News Alert: Guardz uncovers new macOS malware – Hidden Virtual Network Computing (hVNC)

The Last Watchdog

1, 2023 – Guardz , the cybersecurity company securing and insuring SMEs, today disclosed the existence of a Hidden Virtual Network Computing (hVNC) malware targeting macOS devices. SMEs, who once considered macOS as the safer option, should exercise caution and prepare themselves for the impacts of this changing threat landscape.

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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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FBI: Millions in Losses resulted from attacks against Healthcare payment processors

Security Affairs

Advise all employees to exercise caution while revealing sensitive information such as login credentials through phone or web communications. Update or draft an incident response plan, in accordance with Health Insurance Portability and Accountability Act (HIPAA) privacy and security rules.

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