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Ohio Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law

Data Matters

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. 11 to the Ohio Revised Code. Ohio’s Act applies to licensees, defined as persons authorized, registered, or licensed under Ohio insurance laws, or required to be so.

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Experts: Breach at IT Outsourcing Giant Wipro

Krebs on Security

One source familiar with the forensic investigation at a Wipro customer said it appears at least 11 other companies were attacked, as evidenced from file folders found on the intruders’ back-end infrastructure that were named after various Wipro clients. That source declined to name the other clients. “A total of 44.4

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Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

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List of data breaches and cyber attacks in June 2019 ­– 39.7 million records leaked

IT Governance

June 2019’s total of 39,713,046 breached records is the lowest since May last year – the month that the GDPR (General Data Protection Regulation) came into effect. Westwood, NJ, provides notice of 2018 malware attack (unknown). Edcouch, TX, government hit by ransomware attack (3,000). Ransomware. Data breaches. Broome Co.,

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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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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. This resolution highlights the SEC’s continued focus on cybersecurity.

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Privacy and Cybersecurity Top 10 for 2018

Data Matters

We expect each of these trends to continue in 2018. As we begin this New Year, here is list of the top 10 privacy and cybersecurity issues for 2018: EU GDPR. The May 25, 2018 effective date for the EU’s General Data Protection Regulation (GDPR) will no doubt be a central focus of 2018. Data breach litigation risks.