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Cyber-insurance – 72 hours for the insured party to file a criminal complaint: GDPR’s false friend

Data Protection Report

2] In this context, the Directorate General of the French Treasury has put forward a plan of action with a view to clarifying the cyber-insurance legal framework, better gauging cyber-risks, and enhancing companies’ awareness as regards cyber-risks. 12-10-1 into the French Insurance code. However, in the end, Article L.12-10-1

Insurance 104
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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 126
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France data protection agency fines Uber 400k Euros Over 2016 Data Breach

Security Affairs

France’s data protection agency had fined the ride-sharing company Uber with 400,000 euros ($455,000) over a 2016 data breach. The data breach suffered by Uber in 2016 exposed the personal data of some 57 million clients and drivers worldwide. SecurityAffairs – hacking, 2016 data breach). Pierluigi Paganini.

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Wendy's Reaches $50 Million Breach Settlement With Banks

Data Breach Today

After Insurance, Fast-Food Chain's Breach Costs Are Nearly $34 Million Fast-food giant Wendy's has reached a $50 million settlement agreement with financial institutions that sued after attackers planted RAM-scraping malware on point-of-sale systems in 1,025 of its restaurants in 2015 and 2016, stealing massive quantities of payment card data.

Insurance 232
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Leave.EU donor Arron Banks loses data breach appeal

The Guardian Data Protection

Tribunal ruling noted Brexit campaign and insurance company owned by its key backer had a ‘two-faced approach to regulation’ The Leave.EU Tribunal ruling noted Brexit campaign and insurance company owned by its key backer had a ‘two-faced approach to regulation’ The Leave.EU subscribers between August 2016 and February 2017.

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A Second State Hits EmblemHealth With Breach Fine

Data Breach Today

Case Involves Social Security Numbers Exposed in Mailings For the second time this year, health insurer EmblemHealth has been hit with a state financial penalty in connection with a 2016 breach that exposed Social Security numbers on mailings to more than 81,000 plan members.

Insurance 171
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The growing importance of dynamic pricing and rating in insurance

CGI

The growing importance of dynamic pricing and rating in insurance. Fri, 11/11/2016 - 01:07. On June 20, 2016, CGI held a roundtable discussion on dynamic rating and pricing in the insurance industry that involved nearly all major Dutch insurers. Dynamic pricing. Dynamic rating. Execution of dynamic models.