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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. This post summarizes the highlights from this meeting in addition to interim meetings that were held during July in lieu of taking place during the Summer Meeting.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. As a result of the COVID-19 pandemic, the NAIC held the Summer Meeting in a virtual format, with conference calls taking place over a three-week period.

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6,009,014 MovieBoxPro Accounts Breached in Another Data Scraping Incident

IT Governance

Source 1 ; source 2 (Update) Insurance USA Yes 75,101 Airsoftc3.com Source 1 ; source 2 (Update) Insurance USA Yes 75,101 Airsoftc3.com Source (New) Construction USA Yes 489 ClearVision Optical Source (New) Retail USA Yes 261 Symphony Financial, LLC. The company is well aware of this problem, but doesn’t seem to care.”

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Conversational AI use cases for enterprises

IBM Big Data Hub

Enterprises can use NLU to offer personalized experiences for their users at scale and meet customer needs without human intervention. DL models can improve over time through further training and exposure to more data. Conversational AI is also making significant strides in other industries such as education, insurance and travel.

Analytics 107
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62% of organisations unaware of the GDPR

IT Governance

Almost two thirds (62%) of respondents hadn’t heard of the Regulation, and only about 10% had taken steps to meet its compliance requirements. The finance and insurance (79%), information or communications (67%) and education (52%) sectors have the highest awareness of the GDPR. Preparing for the GDPR.

GDPR 63
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Why 83 Percent of Large Companies Are Vulnerable to This Basic Domain Hack

Adam Levin

What would happen if you typed in “Amazon,” the corresponding domain popped up, and you clicked, but instead of finding the world’s largest online retailer, you landed on a 1980s WarGames-themed page with a laughing skull? A prospective client or customer types your company name and their browser does the rest.

Retail 52
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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147