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Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?
In some cases, attackers are even leveraging the threat of regulatory actions or causing cyber insurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers. The indirect costs of ransomware attacks are often even more damaging. She is also a regular writer at Bora.
Those service providers would be required to notify “at least two individuals at affected banking organization customers immediately after the bank service provider experiences a computer-security incident that it believes in good faith could disrupt, degrade, or impair services provided for four or more hours.”.
The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. NAIC Adopts the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act. Insurance groups will be exempt from filing a GCC if. groups to non-U.S.
The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.
Privately it will come from hospitals, labs, pharmaceutical companies, doctors and private health insurers. To learn more about more about metadata management capabilities, download this whitepaper, Metadata Management: The Hero in Unleashing Enterprise Data’s Value.
How do you ensure security and privacy while personalizing the customer experience? Do you have fail-safe processes to guarantee security of customer data? WhitePaper: The Golden Path to B2C Customer 360 – What We Learned from World’s Largest Retail & Consumer Brands. For Future.
1 whitepaper (link to landing page). Adrian CIOCAN – La MAIF / MAIF Insurance. The role of IT in the implementation of an Information Governance program” or the need to control the data and document information assets, in a clean and secure manner. Content created for you on 2022. . 2 Webinars.
In light of these new references, Thomas outlined the Centre’s Privacy Risk Framework project, including references to the Paris and Brussels workshops and the second whitepaper of the project, and explained the link between risk and accountability.
[link] Spear Phishing Attacks Increase 127% As Use of Impersonation Skyrockets Impersonation of users, domains and brands is on the rise, as is the use of malicious links, in response to security vendors improving their ability to detect malicious attachments. Blog post with links: [link] Are Your Users Making Risky Security Mistakes?
Cloud Security Challenges However, adopting cloud computing significantly expanded the attack surface for businesses, effectively dissolving the traditional network perimeter. This shift introduced new vulnerabilities, and conventional security measures designed to protect a well-defined, centralized perimeter were no longer enough.
Kofax’s Intelligent Automation capabilities are leveraged across a wide range of use cases in banking, insurance, manufacturing, retail, logistics, government and other vertical markets. Intelligent Automation: Build and Manage Your Digital Workforce with Next-Generation RPA whitepaper. Product Information.
Recent guidance from the Securities and Exchange Commission (SEC) on disclosure and enforcement actions by the Federal Trade Commission (FTC) make clear that cybersecurity is no longer a niche topic, but a concern significant enough to warrant the oversight of corporate boards of directors. Designing an Enterprise-Level Approach. Principle 5.
The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. NAIC Considers Comments to the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act . GCC Template and Instructions.
The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.
The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.
The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. systemic risk of insurers with other parts of the financial system, notably the banking.
The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.
As ransomware threats loom, we look at where backups fall short, and what to keep in mind to optimize network and data security. Considering these costs, the Sophos State of Ransomware whitepaper reported the average cost to recover from a ransomware attack had doubled to $1.85 Why Are Backups Critical? Data Exfiltration.
In a letter to FTC Chair Lina Khan , the Senators charge that ID.me’s CEO Blake Hall has offered conflicting statements about how his company uses the facial scan data it collects on behalf of the federal government and many states that use the ID proofing technology to screen applicants for unemployment insurance.
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