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Regulatory Update: NAIC Summer 2018 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data . The NAIC is also considering insurers’ use of big data in underwriting life insurance products.

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NYDFS Cybersecurity Regulations: First Annual Compliance Certification Due February 15, 2018

Data Matters

Companies that are subject to New York’s Cybersecurity Regulation are moving quickly to finalize their compliance obligations under the Cybersecurity Regulation, as the second “due date” quickly approaches – February 15, 2018. They also became obligated to report cybersecurity events to the NYDFS. .

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NYDFS settles cybersecurity regulation matter for $3 million

Data Protection Report

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. NSC), relating to violations of three different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2020. NYDFS Cybersecurity Regulation.

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How are the EU member states progressing in their implementation of the NIS Directive?

IT Governance

Implementation status : Transposed, as the Cyber Security Act (94/2018). Implementation status : Transposed, as The Security of Network and Information Systems Law of 2018. 440/2018) , along with Executive Order (no. 458/2018) and Executive Order (no. 360 of 2018. 46/ 2018 of August 13. Czech Republic.

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Delaware amends data breach notification law

Data Protection Report

Earlier this month, Delaware revamped its data breach notification law, with changes to go into effect April 14, 2018. Norton Rose Fulbright has been shortlisted for ‘Cyber law firm of the year’ at the Insurance Insider Cyber Ranking Awards 2017.

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Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation

Data Matters

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

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What IG Professionals Should Know About the Internet of Bodies

ARMA International

A company in Wisconsin had a “chipping party” in 2017 to implant microchips in some of its employees to make it easier for them to access the buildings and systems and to buy food in the company break room. [1]. Welcome to the Age of the Internet of Bodies. Benefits and Risks. Each type of IoB device brings with it benefits and risks.