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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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Ransomware Protection in 2021

eSecurity Planet

Also Read: Best Encryption Tools & Software for 2021. The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware.

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New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024

Thales Cloud Protection & Licensing

New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of Financial Services (NYDFS) is November 1, 2024.

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NYDFS settles cybersecurity regulation matter for $1.8 million

Data Protection Report

On May 13, 2021, the New York Department of Financial Services (NYDFS) announced a $1.8 million settlement with two related insurance companies, relating to violations of two different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2019. NYDFS Cybersecurity Regulation.

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SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned

Data Matters

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. SEC Statement and Guidance on Public Company Cybersecurity Disclosures.

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The Scammers’ Playbook: How Cybercriminals Get Ahold of Your Data

eSecurity Planet

According to statistics from the FBI’s 2021 Internet Crime Report , complaints to the Internet Crime Complaint Center (IC3) have been rising since 2017. In 2021 alone, IC3 received 847,376 complaints which amounted to $6.9 Finance and insurance finished a close second at 22.4%. billion in reported losses. Individuals.

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The Week in Cyber Security and Data Privacy: 23–29 October 2023

IT Governance

Publicly disclosed data breaches and cyber attacks France says Russian state hackers breached numerous critical networks Date of breach: From second half of 2021 (reported 26 October 2023). Thousands of drivers have sensitive data exposed to hackers in major IT breach Date of breach: Unclear, but breached documents date back to 2017.