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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

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.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

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.

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Court Observes “Timing is Everything” in Determining When Litigation is Anticipated: eDiscovery Case Law

eDiscovery Daily

In this theft-of-business-property insurance claim case, each party had a significantly different view about the time of when the defendant first anticipated litigation. August 3, 2017 , because it was the date when “Covington’s assigned claims administrator sent the insured correspondence. Case Background.

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2017 eDiscovery Case Law Year in Review, Part 3

eDiscovery Daily

But first, it’s also worth noting that Tom O’Connor and I will be discussing some of these cases – and what the legal profession can learn from those rulings – on Thursday’s webcast Important eDiscovery Case Law Decisions of 2017 and Their Impact on 2018 at noon CT (1pm ET, 10am PT). POSSESSION, CUSTODY AND CONTROL. Wilkinson, Jr. You decide.

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What is Cybersecurity Risk Management?

eSecurity Planet

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. This article looks at cybersecurity risk management, how to establish a risk management system, and best practices for building resilience. What is Cybersecurity Risk Management?

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No Bad Faith Means No Sanctions for Failing to Preserve Video of Altercation: eDiscovery Case Law

eDiscovery Daily

The plaintiff’s workers’ compensation claim was settled in January 2017. The plaintiff subsequently filed the suit in July 2017. On July 3, 2018, plaintiff tendered a document request for, among other things, “surveillance footage, recordings or other video…that refer or relate to any events alleged in Plaintiff’s Complaint.”

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Think you’re not susceptible to phishing? Think again

IT Governance

According to PhishMe’s Enterprise Phishing Resiliency and Defense Report 2017 , phishing attacks rose by 65% last year, with the average attack costing mid-sized companies $1.6 If employees aren’t fully educated on phishing, they are liable to underestimate the threat. Phishing is big business for cyber criminals. million (about £1.2