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Regulatory Update: NAIC Fall 2018 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. This post summarizes the highlights from this meeting. groups with non-U.S.

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Zurich refuses to pay Mondelez for NotPetya damages because it’s ‘an act of war’

Security Affairs

Zurich American Insurance Company is refusing to refund its client because consider the attack as “an act of war” that is not covered by its policy. The overall damages that insurance firms would probably have to cover reach over $80bn. SecurityAffairs – Mondelez, cyber insurance). Pierluigi Paganini.

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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147
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Kofax Intelligent Automation Deployment at Davies Turner Wins Ventana Award for Overall Digital Leadership

Info Source

Kofax customer Pinnacol Assurance, a leading provider of workers’ compensation insurance to Colorado employers, also won a Ventana Digital Leadership Award for exemplifying leadership in Big Data and related technologies to support data and information management related needs.

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EUROPE: New privacy rules for connected vehicles in Europe?

DLA Piper Privacy Matters

Heeding the call, the European Commission issued some communications, such as the communication on “Europe on the Move” (COM(2018) 293 final), to guarantee a smooth transition towards a European mobility system which is safe, clean, connected and automated. 23(1) GDPR. Biometric data : When considering the use of biometric data (e.g.

Privacy 69
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Welcome to Legaltech New York 2019!: eDiscovery Trends

eDiscovery Daily

GDPR went into effect May 2018. If you’re in the New York area, I encourage you to check out the show – there are a number of sessions available and over 160 exhibitors providing information on their products and services, including our company, CloudNine at booth #310-312. The schedule for the topics and speakers is available here.

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CyberheistNews Vol 13 #22 [Eye on Fraud] A Closer Look at the Massive 72% Spike in Financial Phishing Attacks

KnowBe4

link] Cyber Insurance: Is Paying a Ransom Counter-Productive? According to the report, the financial services industry as a target has increased by 72% over 2022 and was the single largest target of financial fraud attacks, representing 49% of all such attacks. That means one in five email-based attacks made it all the way to the Inbox.