IT Governance

MAY 24, 2022

One of the most common ways to mitigate the risk of a cyber security incident is cyber insurance. These activities aren’t typically included in standard business insurance policies, which tend to only cover costs related to technical issues, such as corrupted hard drives and lost devices. The benefits of cyber insurance.

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eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

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The Last Watchdog

JUNE 9, 2022

A criminal exploiting someone’s medical or insurance details to make fraudulent claims is known as medical identity theft. Because the scammer’s health records are linked to the victims’ information, it may not be easy to qualify for insurance in the future.

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Data Matters

FEBRUARY 2, 2021

The National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law has been adopted in at least 11 states, with several others (including New York) having implemented either older or similar laws or administrative guidance. appeared first on Data Matters Privacy Blog. See MCL § 500.555(9).).

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The Guardian Data Protection

NOVEMBER 11, 2023

Observer investigation reveals UK Biobank opened its biomedical database to insurance firms despite pledge it would not do so Sensitive health information donated for medical research by half a million UK citizens has been shared with insurance companies despite a pledge that it would not be. Continue reading.

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Insurance Data Privacy Privacy Risk 109

Security Affairs

OCTOBER 23, 2024

Data Security Posture Management (DSPM) helps organizations address evolving data security and privacy requirements by protecting and managing sensitive information. To add to the difficulty, the advent of Generative AI (GenAI) has brought unprecedented security and privacy risks. Why is a DSPM Solution Necessary for Data Privacy?

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eSecurity Planet

AUGUST 9, 2022

Regulatory compliance and data privacy issues have long been an IT security nightmare. GDPR, the EU’s flagship data privacy and “right to be forgotten” regulation, has made the stakes of a data breach higher than ever. GDPR-style data privacy laws came to the U.S. with the California Consumer Privacy Act (CCPA) effective Jan.

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Hunton Privacy

MAY 4, 2022

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).

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Data Breach Today

OCTOBER 15, 2018

Cases Involved Mailings That Potentially Exposed Sensitive Health Information Health insurer Aetna is still paying the price for two 2017 privacy breaches involving mailings that potentially exposed HIV and cardiac condition information about thousands of individuals. Here's the latest update.

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The Last Watchdog

AUGUST 1, 2019

That includes social security and social insurance numbers, bank account numbers, phone numbers, birth dates, email addresses and self-reported income; in short, just about everything on an identity thief’s wish list. Best security and privacy practices on everyone’s part is more imperative than ever.

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Data Matters

APRIL 10, 2024

The National Association of Insurance Commissioners (NAIC) held its Spring 2024 National Meeting (Spring Meeting) March 15 through 18, 2024. The post Regulatory Update: National Association of Insurance Commissioners Spring 2024 National Meeting appeared first on Data Matters Privacy Blog.

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Dark Reading

SEPTEMBER 10, 2020

Whilst GDPR has put the spotlight on data privacy and cyber issues, there are other more prominent trends that are driving a greater take-up of cyber insurance, says Ben Maidment, Class Underwriter - Cyber, Physical & Technology at Brit Insurance.

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Krebs on Security

JUNE 18, 2021

The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 Title insurance protects homebuyers from the prospect of someone contesting their legitimacy as the new homeowner. Title insurance is not mandated by law, but most lenders require it as part of any mortgage transaction.

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IG Guru

JUNE 27, 2024

Check out the article here The post Cyber and data privacy insurance trends in an era of increased regulation via Reuters first appeared on IG GURU.

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Data Privacy Insurance Privacy Security 75

Hunton Privacy

JUNE 9, 2022

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”). On May 27, 2022, Vermont Governor Phil Scott signed H.515 Information Security Program Requirements.

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The Last Watchdog

APRIL 30, 2019

Related: How NIST protocols fit SMBs The essence of the NIST CSF is showing up in the privacy regulations now being enforced in Europe, as well as in a number of U.S. and the upcoming NIST Privacy Framework. That could be for insurance purposes. “As As with any insurance, cyber insurance really requires due care.”

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Hunton Privacy

MAY 10, 2022

On May 10, 2022, Connecticut Governor Ned Lamont signed An Act Concerning Personal Data Privacy and Online Monitoring , after the law was previously passed by the Connecticut General Assembly in April. Connecticut is now the fifth state to enact a consumer privacy law. As with most of the existing U.S.

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Krebs on Security

JUNE 4, 2019

AMCA has advised LabCorp that Social Security Numbers and insurance identification information are not stored or maintained for LabCorp consumers.” We remain committed to our system’s security, data privacy, and the protection of personal information.” We have also advised law enforcement of this incident. ” ANALYSIS.

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Krebs on Security

NOVEMBER 4, 2021

com — from a desktop web browser redirects the visitor to a harmless page with ads for car insurance quotes. Scrolling down on the page revealed more than a half dozen working links to real fedex.com resources online, including the company’s security and privacy policies.

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Data Matters

OCTOBER 20, 2022

Treasury Department is seeking public comment on the need and scope for a potential federal insurance response to catastrophic cyber incidents, akin to the one put in place for terrorism insurance after the attacks of September 11, 2001. The request, published by the Federal Insurance Office (FIO) in the U.S. Background.

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Data Protection Report

JANUARY 30, 2023

Late December and early January tend to be a busy time for everyone, so you may have missed a privacy update or two during that time. 3. Does an insurance policy that covers direct physical loss or damage to media cover the situation where ransomware renders downloaded software useless because it could not be decrypted?

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Data Protection Report

JANUARY 4, 2024

December tends to be a busy time for everyone, so you may have missed a privacy update or two. states with such laws increased to five (adding to California, Colorado, Connecticut, and Virginia) with which state’s law going into effect a. With respect to comprehensive state privacy laws, on December 31, 2023, the number of U.S.

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Privacy Cybersecurity Artificial Intelligence e-Discovery 111

Hunton Privacy

MARCH 24, 2022

following California, Virginia and Colorado, to enact a consumer data privacy law, the Utah Consumer Privacy Act (the “UCPA”). With respect to the processing of personal data “concerning a known child” (under age 13), controllers must process such data in accordance with the Children’s Online Privacy Protection Act.

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Privacy Personal data B2B Sales 113

The Last Watchdog

OCTOBER 29, 2018

the Health Insurance Portability and Accountability Act (HIPAA)), the answer is generally that a company should implement a “reasonable data privacy and security program” under all circumstances. Companies should have written data privacy and security policies and procedures in place. Insurability. Reasonable protections.

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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. The post Regulatory Update: National Association of Insurance Commissioners Fall 2023 National Meeting appeared first on Data Matters Privacy Blog.

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Insurance Artificial Intelligence Privacy Security 68

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

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DLA Piper Privacy Matters

NOVEMBER 3, 2022

Anyone with a passing interest in Australian privacy laws will no doubt have heard about the Optus data breach. The news was swiftly followed up with an announcement from Medibank, Australia’s largest private health insurer, of a breach affecting all of its 3.9 Author: Sarah Birkett. million customers.

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Privacy Data breaches Insurance Government 97

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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Data Matters

APRIL 19, 2023

The National Association of Insurance Commissioners (NAIC) held its Spring 2023 National Meeting (Spring Meeting) March 21–25, 2023. The post Regulatory Update: National Association of Insurance Commissioners Spring 2023 National Meeting appeared first on Data Matters Privacy Blog.

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Data Matters

APRIL 15, 2022

Utah has become the fourth state, following California, Virginia and Colorado, to enact a comprehensive consumer data privacy law. The Utah Consumer Privacy Act (“UCPA”), formerly known as Senate Bill 227, passed the Utah Senate and House with no opposition, and was signed by Governor Cox on March 24, 2022. Future Evolution of the Law.

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Privacy Personal data Sales Insurance 109

Hunton Privacy

APRIL 18, 2023

state to enact comprehensive privacy legislation. SB 5 now will head to Governor Eric Holcomb for a final signature, where he will have seven days upon transmission to sign SB 5 into law or veto it. This could make Indiana the seventh U.S.

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Data Breach Today

FEBRUARY 12, 2018

New Lawsuits Filed in the Wake of 2017 Mailing Mishap A case involving a 2017 privacy breach that has already cost health insurer Aetna about $20 million in legal settlements is getting messier. What new questions and lessons are emerging?

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Insurance Privacy 140

Hunton Privacy

NOVEMBER 15, 2023

The Australian legislature increased maximum penalties for ‘serious’ contraventions of the Privacy Act with effect from December 2022 to at least A$50 million. If made out, this would be a breach of Australian Privacy Principle 11.1. However, the maximum penalty available in this case will be A$2.2 Class actions.

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Hunton Privacy

OCTOBER 14, 2021

During the week of October 4, 2021, California Governor Gavin Newsom signed into law bills amending the California Privacy Rights Act of 2020 (“CPRA”), California’s data breach notification law and California’s data security law. The bill also makes a number of non-substantive changes to the California Consumer Privacy Act (“CCPA”)/CPRA.

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Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. In the last 20+ years, cybersecurity insurance has added risk transference to the available palette of palliative choices. I recently spoke with Neira Jones and Danna Bethlehem about how cybersecurity insurance can work to help an organization. regulations.

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Krebs on Security

NOVEMBER 19, 2021

Ken Otsuka is a senior risk consultant at CUNA Mutual Group , an insurance company that provides financial services to credit unions. Otsuka said a phone fraudster typically will say something like, “Before I get into the details, I need to verify that I’m speaking to the right person. .

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WIRED Threat Level

MARCH 16, 2024

Plus: The operator of a dark-web cryptocurrency “mixing” service is found guilty, and a US senator reveals that popular safes contain secret backdoors.

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