Remove policies refund-policy
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Zurich chief warned that cyber attacks will become uninsurable

Security Affairs

The increase in cyber losses in recent years pushed up prices, some insurance companies also changed their policies to limit their refunds in case of cyber incidents.

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Eken camera doorbells allow ill-intentioned individuals to spy on you

Security Affairs

Some online marketplaces, such as Walmart, have removed the flawed products from their catalog and are offering refunds to their customers who purchased the devices. At the time of this writing, the EKEN Smart Video Doorbell Camera Wireless devices are still available on Amazon.

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Russians Shut Down Huge Card Fraud Ring

Krebs on Security

These checking services are tied to “moneyback” guarantees that will automatically refund the purchase price for any cards found to be invalid shortly after the cards are bought (usually a window of a few minutes up to a few hours), provided the buyer agrees to pay an added fee of a few cents per card to use the shop’s own checking service.

Retail 274
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Report: Big U.S. Banks Are Stiffing Account Takeover Victims

Krebs on Security

were refunded to consumers. million, while only refunding 8,242 cases totaling less than $4.7 Bank of America refunded only $56.1 ” Fooshee said many banks have recently adjusted their reimbursement policies to bring them more into line with the CFPB’s guidance from last year. Over this same time period, U.S.

Passwords 255
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Zurich refuses to pay Mondelez for NotPetya damages because it’s ‘an act of war’

Security Affairs

Zurich American Insurance Company is refusing to refund its client because consider the attack as “an act of war” that is not covered by its policy. ” Mondelez International is one of the world’s largest snacks companies, its products include the Oreo cookies and Cadbury chocolates.

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NASA warns of a significant increase in cyber attacks during Coronavirus outbreak

Security Affairs

Most of the attacks observed in this period use the COVID19 as a lure, the agency observed fake donations, updates on virus transmissions, safety measures, tax refunds, fake vaccines, and disinformation campaigns. Utilize approved and authorized software, video, and teleconferencing systems and protect access instructions to them.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

71—Policy Acquisition Costs and Commissions ; SSAP No. 43R—Loan-backed and Structured Securities ; INT 20-08–COVID-19 Premium Refunds, Limited-Time Exception, Rate Reductions and Policyholder Dividends. where to disclose refunds, rate reductions and policyholder dividends related to COVID-19 decreases in activity.