eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

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Data Matters

JANUARY 9, 2024

The National Association of Insurance Commissioners (NAIC) held its Fall 2023 National Meeting (Fall Meeting) from November 30 through December 4, 2023. This Sidley Update summarizes the highlights from this meeting in addition to interim meetings held in lieu of taking place during the Fall Meeting.

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Data Matters

APRIL 19, 2023

The National Association of Insurance Commissioners (NAIC) held its Spring 2023 National Meeting (Spring Meeting) March 21–25, 2023. This Sidley Update summarizes the highlights from this meeting in addition to interim meetings held in lieu of taking place during the Spring Meeting.

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Data Matters

SEPTEMBER 7, 2023

The National Association of Insurance Commissioners (NAIC) held its Summer 2023 National Meeting (Summer Meeting) from August 12–16, 2023. The post Regulatory Update: National Association of Insurance Commissioners Summer 2023 National Meeting appeared first on Data Matters Privacy Blog.

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Security Affairs

JUNE 12, 2020

The Council of Florence City voted unanimously at an emergency meeting this week pay the ransom requested by attackers that hit the City’s system. The payment will me made using the city’s insurance fund in an effort to preserve information of city workers and customers and quickly resume operations. “It

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Security Affairs

NOVEMBER 14, 2022

Add to that, there is the risk of penalties and fines (which are not insurable in most jurisdictions) not only under privacy and data protection regulations but also on the basis of cybersecurity regulations that are now proliferating. What should directors do if a cyberattack happens to the company? there could be reputational damage.

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The Last Watchdog

FEBRUARY 25, 2019

Meeting compliance. Added pressure came from having to also meet stringent new data security rules that took shape in the form of Europe’s General Data Protection Regulation, New York state’s Cybersecurity Requirements for Financial Services Companies and California’s Consumer Privacy Act.

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Security Affairs

FEBRUARY 4, 2022

Morley Companies is a United States corporation that provides business services to Fortune 500 and Global 100 clients; contact centers and back office processing; meetings and incentives management; and exhibits and displays production.

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Security Affairs

JUNE 20, 2019

On Monday, city officials participating to a rapid meeting unanimously voted to use the city’s insurance to pay a ransom of 65 bitcoins (~$603,000). “The payment is being covered by insurance.” ” continues the AP.

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KnowBe4

JUNE 13, 2023

As government-sponsored and widespread vulnerability attacks continue to result in larger damages, cyber insurers are looking for opportunities to still meet demand without incurring risk.

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Security Affairs

OCTOBER 30, 2023

“The Hacker-Powered Security Report makes clear that hackers are actively growing their skillsets to meet emerging threats. 54% Financial savings estimated from avoiding risk, 51% Risk assessment (internal or external), 32% Agility and speed of security teams’ responsiveness, and 7% Discount on cyber insurance.

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IT Governance

AUGUST 25, 2022

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

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Data Matters

SEPTEMBER 7, 2022

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. This post summarizes the highlights from this meeting in addition to interim meetings held in lieu of taking place during the Summer Meeting. 26R — Bonds (SSAP No.

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Security Affairs

FEBRUARY 8, 2024

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Privacy Compliance: By 2024, 40% of privacy tools will rely on AI, highlighting its expanding role in ensuring data privacy and meeting regulations. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 million per breach.

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Security Affairs

JUNE 26, 2019

The victim is Lake City, Florida, that during an emergency meeting of the city council held on Monday, voted to pay a ransom demand of 42 bitcoins, worth nearly $500,000. Lake City is a small city in Florida with a population of 65,000 that was hit by ransomware earlier on June 10. ” states the press release published by the city.

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Data Matters

DECEMBER 28, 2020

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. This Sidley Update summarizes the highlights from this meeting in addition to interim meetings that were held during November in lieu of taking place during the Fall Meeting.

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Data Protection Report

FEBRUARY 27, 2020

Given the level of interest in the case, we have prepared a deeper-dive into the facts and the implications of the decision, with a focus on the important role played in the case by cyber insurance. Until recently, there had not been an example of a cyber insurer actively participating in a recovery action. This is set out below.

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Krebs on Security

JANUARY 19, 2022

is perhaps better known as the online identity verification service that many states now use to help staunch the loss of billions of dollars in unemployment insurance and pandemic assistance stolen each year by identity thieves. These days, ID.me may require a recorded, live video chat with the person applying for benefits.

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Security Affairs

JUNE 14, 2021

To achieve this, attackers padded these documents with >10 pages of keywords on a wide range of topics, from “insurance form” and “acceptance of contract” to “how to join in SQL” and “math answers”. The attack works by using PDF documents designed to rank on search results. template, invoice, receipt, questionnaire, and resume).

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Hunton Privacy

NOVEMBER 14, 2023

The California Privacy Protection Agency (“CPPA”) Board (the “Board”) announced an upcoming public meeting to take place over Zoom on Friday, December 8, 2023 at 9 am PST. Additionally, the Board announced on its agenda a discussion surrounding proposed insurance regulations and a discussion on a proposed registration fee for data brokers.

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Krebs on Security

JULY 4, 2020

A reader who was recently the victim of unemployment insurance fraud said he was told he should create an account at the Department of Homeland Security ‘s myE-Verify website , and place a lock on his Social Security number (SSN) to minimize the chances that ID thieves might abuse his identity for employment fraud in the future.

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Security Affairs

SEPTEMBER 23, 2023

MILES/CBS NEWS TEXAS The Royal ransomware group is behind the attack and threatens to publish stolen data if the City will not meet its ransom demand. City of Dallas An image of the ransomware note received by the City of Dallas J.D. The Dallas City Council has approved a budget of $8.5 million to mitigate the ransomware attack.

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Thales Cloud Protection & Licensing

MAY 26, 2023

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

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Krebs on Security

FEBRUARY 7, 2022

as a condition of receiving state or federal financial assistance, such as unemployment insurance, child tax credit payments, and pandemic assistance funds. In the face of COVID, dozens of states collectively lost tens of billions of dollars at the hands of identity thieves impersonating out-of-work Americans seeking unemployment insurance.

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Data Breach Today

FEBRUARY 6, 2018

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.

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Security Affairs

MAY 27, 2024

Different industries and regions have specific regulatory requirements, such as the General Data Protection Regulation (GDPR) for data protection in the EU, the Health Insurance Portability and Accountability Act (HIPAA) for healthcare information in the US, and the Payment Card Industry Data Security Standard (PCI-DSS) for credit card information.

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Krebs on Security

APRIL 27, 2023

health administrators are still smarting from a data breach earlier this year at the health insurance exchange DC Health Link , which exposed personal information for more than 56,000 users, including many members of Congress. But after being presented with a document including the Social Security number of a health professional in D.C.

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The Last Watchdog

MARCH 13, 2023

In other words, they shouldn’t detail how cybersecurity spending drives revenue and that cuts to the security program directly affect relationships and requirements with three key constituencies: customers, insurers, and regulators. Ultimately, cybersecurity can become a profit center when customers, insurers, and regulators require it.

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Security Affairs

NOVEMBER 13, 2019

The membership also requested a sum of money, normally $5,000, as insurance. . Burkov was also operating another invite-only cybercrime forum, to obtain membership prospective members needed three existing members to “vouch” for their good reputation in the cybercrime community.

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Krebs on Security

AUGUST 27, 2020

Part I of this series ended with Ngo in handcuffs after disembarking a flight from his native Vietnam to Guam, where he believed he was going to meet another cybercriminal who’d promised to hook him up with the mother of all consumer data caches. based tormentor, Ngo agreed to meet him in Guam to finalize the deal.

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IBM Big Data Hub

DECEMBER 4, 2023

IBM can help insurance companies insert generative AI into their business processes IBM is one of a few companies globally that can bring together the range of capabilities needed to completely transform the way insurance is marketed, sold, underwritten, serviced and paid for.

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Thales Cloud Protection & Licensing

JANUARY 16, 2025

Some of the most important are Gramm-Leach-Bliley Act ( GLBA ), the National Association of Insurance Commissioners ( NAIC ) Data Security Model Law, the New York Department of Financial Services ( NYDFS ) Cybersecurity Regulation, and the National Credit Union Administration ( NCUA ) cybersecurity guidance.

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Krebs on Security

JANUARY 23, 2019

“We are having the same problems like not being able to pay informants, no travel, critical case coordination meetings postponed, and no procurements to further the mission,” the source said. The extended shutdown directly affects more than 800,000 workers, many of them furloughed or required to work without pay. .

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Security Affairs

APRIL 28, 2022

The criminal group had been mailing malware-ridden USBs to various entities in the transport, insurance, and defense industries under the guise that they originated from a trusted source, such as Amazon and the US Department of Health and Human Services.

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AIIM

SEPTEMBER 19, 2018

In June of 2018, summit meetings were held in in Baltimore and London to discuss Surviving Digital Disruption: Finding Opportunity in the Drive for Platform Dominance. Rafael is the Head of Information Governance at Farmer's Insurance and spoke at the summit. Claudio is the CTO at iCapt, Inc. and a new member of the LC.

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The Last Watchdog

JUNE 2, 2022

Big banks and insurance companies instilled the practice of requesting their third-party vendors to fill out increasingly bloated questionnaires, called bespoke assessments, which they then used as their sole basis for assessing third-party risk. Related: A call to share risk assessments. One leading provider is Denver, Colo.-based

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eSecurity Planet

OCTOBER 8, 2024

IT leaders know that the reason regulators and cybersecurity insurers require them to conduct network penetration testing is to ensure they’re protecting their networks from being accessed by attackers. But hackers don’t operate on the same schedule as regulators.

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