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Cybersecurity Standards for the Insurance Sector – A New Patchwork Quilt in the US?

HL Chronicle of Data Protection

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

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FTC Seeks Comment on Proposed Changes to its GLBA Safeguards and Privacy Rules

Data Matters

Over the last few years, States have enacted increasingly aggressive legislation concerning data privacy and security, raising concerns that companies will be subject to a patchwork of different standards. Aligning the Safeguards Rule with State Regimes.

Privacy 68
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FTC Seeks Comment on Proposed Changes to GLBA Implementing Rules

HL Chronicle of Data Protection

The proposed changes to the Safeguards Rule add a number of more detailed security requirements, whereas the proposed changes to the Privacy Rule are more focused on technical changes to align the Rule with changes in law over the past decade. It includes general, high level elements of a security program, but lacks detailed security steps.

Privacy 40
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MyPayrollHR CEO Arrested, Admits to $70M Fraud

Krebs on Security

In the criminal complaint against Mann (PDF), a New York FBI agent said the CEO admitted that starting in 2010 or 2011 he began borrowing large sums of money from banks and financing companies under false pretenses. ” “Mann estimated that he fraudulently obtained about $70 million that he has not paid back. .”

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MY TAKE: Identity ‘access’ and ‘governance’ tech converge to meet data protection challenges

The Last Watchdog

Related: Applying ‘zero trust’ to managed security services. Fortunately, the identity management space has attracted and inspired some of the best and brightest tech security innovators and entrepreneurs. So why hasn’t the corporate sector been more effective at locking down access for users?

Access 169
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Zero Trust: Can It Be Implemented Outside the Cloud?

eSecurity Planet

The concept of zero trust has been around since 2010, when Forrester Research analyst John Kindervag created the zero trust security model. As security breaches continue to happen hourly, sooner or later zero trust requirements are going to be forced upon all organizations, given the impact and cost to society.

Cloud 106
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FTC Proposes Changes to GLB Privacy and Safeguards Rules

Hunton Privacy

The proposed changes would add more detailed requirements on how financial institutions must protect customer information. The Privacy Rule, which went into effect in 2000, requires a financial institution to provide privacy notices to customers and the ability to opt out of having their information shared with certain third parties.

Privacy 55