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ISMG Editors’ Panel: Cyber Insurance; Ransomware Update

Data Breach Today

Also: Debating the Issue of Banning Ransom Payments In this week's panel discussion, four editors at Information Security Media Group discuss cyber insurance, persistent ransomware attacks and whether ransom payments should be banned.

Insurance 274
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First American Financial's SEC Breach Settlement: $488,000

Data Breach Today

SEC: Executives Left in Dark About Vulnerability in File-Sharing System Title insurance company First American Financial Corp. Information security staff members were aware of the vulnerability in the company's EaglePro document-sharing system for five months but failed to fix it, the SEC reports.

Insurance 345
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What Is Information Security Management?

IT Governance

Information security management is a way of protecting an organisation’s sensitive data from threats and vulnerabilities. The process is typically embedded via an ISMS (information security management system) , which provides the framework for managing information security.

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Two States Enact Insurance Data Security Laws

Hunton Privacy

In April 2022, two states enacted insurance data security legislation based on the National Association of Insurance Commissioners (“NAIC”) Insurance Data Security Model Law (MDL-668). Kentucky’s law goes into effect on January 1, 2023.

Insurance 110
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Security Blueprints of Many Companies Leaked in Hack of Swedish Firm Gunnebo

Krebs on Security

In March 2020, KrebsOnSecurity alerted Swedish security giant Gunnebo Group that hackers had broken into its network and sold the access to a criminal group which specializes in deploying ransomware. The company has operations in 25 countries, more than 4,000 employees, and billions in revenue annually. Acting on a tip from Milwaukee, Wis.-based

Security 361
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Apple, Cisco Strike Partnerships for Cyber Insurance

Data Breach Today

Policies Offer Incentives for Good Information Security Practices Apple and Cisco say they've partnered with insurers Aon and Allianz to offer cyber insurance policies for organizations that meet best security practices and use products from the technology companies.

Insurance 140
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Vermont Enacts Insurance Data Security Law

Hunton Privacy

515 , making Vermont the twenty-first state to enact legislation based on the National Association of Insurance Commissioners Insurance Data Security Model Law (“MDL-668”). Information Security Program Requirements. On May 27, 2022, Vermont Governor Phil Scott signed H.515

Insurance 107