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.

Insurance 56

Insurance Digital transformation Compliance Cloud 56

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. The Framework.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

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 post U.S.

Insurance 78

Insurance Privacy Data breaches Cybersecurity 78

Data Matters

NOVEMBER 22, 2021

Further, bank service providers are now required to promptly notify all affected banks whenever a cybersecurity disruption lasts for four or more hours. The rule is the latest regulation requiring entities who have suffered a cybersecurity incident to promptly notify a government agency. The Board subjects all U.S.

Cybersecurity 117

Cybersecurity Insurance Financial Services Marketing 117

Data Matters

JANUARY 14, 2019

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”. 3965.09.

Insurance 68

Insurance Security Cybersecurity Data breaches 68

Hunton Privacy

FEBRUARY 25, 2021

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

Insurance 70

Insurance Cybersecurity Risk Education 70

Data Matters

FEBRUARY 11, 2019

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. Exclusive State Cybersecurity Standards.

Insurance 68

Insurance Security Cybersecurity FOIA 68

OpenText Information Management

MARCH 21, 2024

A United Call to Strengthen Cybersecurity The cyberattack spotlighted the critical need for a fortified cybersecurity framework within the healthcare sector. The American Hospital Association's declaration of the incident as an unprecedented threat underlined the urgency for enhanced cybersecurity measures.

Cybersecurity 62

Cybersecurity Paper Ransomware Government 62

Data Matters

JANUARY 28, 2022

Like an incident response plan, MFA has become a critical element of cybersecurity programs. An incident response and continuity of operations plan are increasingly common features in a credible cybersecurity program. The post U.S.

Cybersecurity 157

Cybersecurity Financial Services Authentication Government 157

Data Matters

JULY 30, 2018

In October 2017, the National Association of Insurance Commissioners (NAIC) adopted an Insurance Data Security Model Law. On May 3, 2018, South Carolina became the first state to enact this Model Law, in the form of the South Carolina Insurance Data Security Act (H.B. See CT Gen Stat § 38a-999b (2015) ; 23 NYCRR 500.

Insurance 60

Insurance Security Cybersecurity Data breaches 60

Data Matters

JUNE 23, 2022

Kentucky and Maryland recently continued the trend of state insurance departments adopting some version of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Data Security Model Law. appeared first on Data Matters Privacy Blog.

Insurance 103

Insurance Security Cybersecurity Information Security 103

Data Protection Report

NOVEMBER 9, 2022

Below we list key considerations to keep in mind when onboarding vendors in order to mitigate against vendor cybersecurity incidents that could impact an organization’s operations, revenue, legal risks and reputation in the marketplace. Costs incurred in responding to a cybersecurity incident can be astronomical. Concluding Remarks.

Risk 117

Risk Cybersecurity Insurance Data breaches 117

eSecurity Planet

OCTOBER 14, 2022

In a BNB Chain blog post in early October, the authors announced that about two million BNB crypto tokens were stolen. Also read: The State of Blockchain Applications in Cybersecurity. So yes, Web3 has become a fierce battleground for cybersecurity. It was over a whopping $560 million. At the time, the BNB Chain had $5.45

Cybersecurity 118

Cybersecurity Blockchain Insurance Security 118

Data Matters

MARCH 28, 2022

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques. On March 17, 2022, the U.S.

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

The Last Watchdog

OCTOBER 5, 2023

Editor’s note: I recently had the chance to participate in a discussion about the overall state of privacy and cybersecurity with Erin Kapczynski, OneRep’s senior vice president of B2B marketing. Here is Erin’s Q&A column, which originally went live on OneRep’s well-done blog.) Erin: So, let’s get started.

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

Data Matters

MARCH 26, 2020

cybersecurity and cyber risk insurance issues. The COVID-19 global pandemic presents unique legal and practical challenges for companies across all industries, including with respect to cybersecurity risks and protections. Vishnu Shankar – Senior Associate, Privacy and Cybersecurity, Sidley Austin LLP, London.

Cybersecurity 74

Cybersecurity Insurance Risk Privacy 74

Daymark

DECEMBER 5, 2023

On October 30, 2023, the US Securities and Exchange Commission (SEC) announced fraud charges against SolarWinds and its former chief information security officer (CISO), alleging that “ SolarWinds’ public statements about its cybersecurity practices and risks were at odds with its internal assessments.”

Insurance 62

Insurance Cybersecurity Risk Information Security 62

Data Matters

DECEMBER 7, 2017

Department of Treasury released a 176-page Report examining the current regulatory framework for asset management and insurance industries. The Model Law attempts to set a baseline for cybersecurity, although it depends on legislative action on the state level. 3, 2017), and makes recommendations to ensure alignment. Report at 117.

Insurance 60

Insurance Data breaches Security Cybersecurity 60

Thales Cloud Protection & Licensing

JANUARY 16, 2024

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. DORA: 1 year to go! What is the scope of DORA?

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

Security Affairs

MAY 1, 2023

Bitmarck, one of the largest IT service providers for social insurance carriers in Germany, announced yesterday that it has suffered a cyber attack. The incident impacted statutory health insurance companies that have their IT operated by BITMARCK. The company immediately reported the incident to the responsible authorities.

IT 82

IT Insurance Data breaches Education 82

Data Protection Report

FEBRUARY 27, 2020

A few weeks ago, we blogged about the decision of the English High court in AA v. 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. Persons Unknown & Ors. This is set out below.

Insurance 81

Insurance Risk Data breaches Personal data 81

CGI

AUGUST 31, 2016

Insurers’ role will be critical in improving cybersecurity standards. Cyber insurance can be obtained to cover such costs as crisis management, media management, incident management, technical remediation, legal fees, call management, data subject notification, breach investigation and many other losses resulting from a cyber-attack.

Insurance 40

Insurance Cybersecurity Risk Marketing 40

Data Matters

MAY 6, 2022

Digital health companies should take note of new data privacy and security developments under the Health Insurance Portability and Accountability Act (HIPAA) that can affect product planning and customer negotiations. Cybersecurity Industry Newsletter. Comments must be submitted by June 6, 2022.

Risk 88

Risk Cybersecurity Insurance Authentication 88

The Last Watchdog

MARCH 13, 2023

CISOs should not allow their board or executive team to continue believing that cybersecurity exists solely as a cost center. Ultimately, cybersecurity can become a profit center when customers, insurers, and regulators require it. Demonstrate secure practices to customers.

Security 203

Security Insurance Cybersecurity Customer Experience 203

Data Matters

APRIL 20, 2021

There just may be a new cybersecurity regulator in town. Department of Labor (DOL) published its first cybersecurity guidance last week ( Cybersecurity Guidance ). The Cybersecurity Guidance is set forth in three parts: Tips for Hiring a Service Provider , directed toward plan sponsors and fiduciaries.

Cybersecurity 68

Cybersecurity Insurance Risk Compliance 68

Data Matters

FEBRUARY 10, 2022

Securities and Exchange Commission (SEC), announced that he has asked SEC staff to provide sweeping rulemaking recommendations to modernize and expand the agency’s rules relating to cybersecurity. These SEC rules could broadly affect cybersecurity requirements across the U.S. Public Companies and Service Providers.

Cybersecurity 88

Cybersecurity Marketing Risk Compliance 88

Data Matters

JANUARY 8, 2019

Department of Health and Human Services (HHS) released a four-volume cybersecurity guidance document for healthcare organizations. The publication, “ Health Industry Cybersecurity Practices: Managing Threats and Protecting Patients ” (HICP), is the result of a government and industry collaboration mandated by the Cybersecurity Act of 2015.

Cybersecurity 74

Cybersecurity Insurance Phishing Government 74

Data Matters

AUGUST 30, 2021

2 The SEC’s Pearson Order follows its June 2021 announcement that it had settled charges against First American Title Insurance Company (First American) for cybersecurity disclosure control failures. See also Sidley Austin LLP, SEC Issues New Guidance on Cybersecurity Disclosure Requirements, Sidley Austin LLP (Mar. 16, 2021).

Cybersecurity 97

Cybersecurity Risk Data Privacy Passwords 97

Hunton Privacy

OCTOBER 10, 2018

As reported on the Insurance Recovery Blog , Hunton Andrews Kurth insurance practice head Walter Andrews recently commented to the Global Data Review regarding the infirmities underlying an Orlando, Florida federal district court’s ruling that an insurer does not have to defend its insured for damage caused by a third-party data breach.

Insurance 57

Insurance Data breaches IT Cybersecurity 57

Data Matters

JUNE 24, 2021

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. This resolution highlights the SEC’s continued focus on cybersecurity.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

The Last Watchdog

MARCH 20, 2023

Cybersecurity specialists here at Digital Forensics have built up a store of knowledge tracking criminal patterns while deploying countermeasures on behalf of our clients. Exploitation drivers From the case of Hegestratos committing insurance fraud by sinking a ship in 300 B.C.,

Cybersecurity 214

Cybersecurity Education Insurance Data breaches 214

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

KnowBe4

MAY 2, 2023

CyberheistNews Vol 13 #18 | May 2nd, 2023 [Eye on AI] Does ChatGPT Have Cybersecurity Tells? Blog post with links: [link] [Live Demo] Ridiculously Easy Security Awareness Training and Phishing Old-school awareness training does not hack it anymore. Blog post with links: [link] Re-Check Your Email Attack Surface Now. (We

Cybersecurity 68

Cybersecurity Phishing Security awareness Military 68

OpenText Information Management

APRIL 19, 2021

In fact, research shows that financial services firms are over 300 times more … The post Could digital fax be a secret weapon for cybersecurity in financial services? appeared first on OpenText Blogs. It’s estimated that the financial services sector could see as much as $6 trillion in cybercrime damages in 2021.

Financial Services 62

Financial Services Cybersecurity IT Insurance 62

Data Matters

AUGUST 27, 2018

Companies subject to New York’s Cybersecurity Regulation are acting quickly to finalize their compliance obligations as the fifth “due date,” September 4, 2018, quickly approaches. The NYDFS Cybersecurity Regulation (published at 23 NYCRR 500.01) sets forth the minimum requirements for NYDFS-regulated entities to address cybersecurity risks.

Cybersecurity 60

Cybersecurity Compliance Encryption Risk 60

Security Affairs

APRIL 30, 2023

Nominate here: [link] Follow me on Twitter: @securityaffairs and Facebook and Mastodon Pierluigi Paganini ( SecurityAffairs – hacking, newsletter ) The post Security Affairs newsletter Round 417 by Pierluigi Paganini – International edition appeared first on Security Affairs.

Security 91

Security Ransomware Cybersecurity Authentication 91

Data Matters

SEPTEMBER 20, 2021

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.

Insurance 88

Insurance e-Delivery Paper Sales 88