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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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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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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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California Legislature Passes Bill Regulating Data Brokers

Hunton Privacy

However, the Act would not extend to entities covered by the Fair Credit Reporting Act, the Gramm-Leach-Bliley Act and the Health Insurance Portability and Accountability Act, as well as entities covered by the California Insurance Code.

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California Governor Signs into Law Bills Updating the CPRA and Bills Addressing the Privacy and Security of Genetic and Medical Data, Among Others

Hunton Privacy

Additional bills, amending the California Confidentiality of Medical Information Act (“CMIA”) and the California Insurance Code, also were also signed into law. Medical Data: CMIA and Californian Insurance Code Amendment Bill. mental health, sexual health) or a situation in which disclosure would endanger the individual.

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