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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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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 May 2019 – 1.39 billion records leaked

IT Governance

The cyber security story for May 2019 is much the same as it was last month, with one mammoth breach raising the monthly total. which breached sixteen years’ worth of insurance data. Hackers breach the Philippines United Student Financial System for Tertiary Education (unknown). Ransomware. First American Financial Corp.

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The Week in Cyber Security and Data Privacy: 1 – 7 January 2024

IT Governance

million people was compromised, including names, addresses, dates of birth, Social Security numbers, taxpayer identification numbers, medical information, health insurance information, and billing and claims information. Information relating to nearly 4.5 Data breached: 4,452,782 records. TB Gräbener Maschinentechnik GmbH & Co.

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List of data breaches and cyber attacks in February 2020 – 623 million records breached

IT Governance

South Carolina-based United Health notifies patients of 2019 data breach (36). Preschool services provider Educational Enrichment Systems discloses cyber attack (unknown). The US Defence Information Systems Administration discloses 2019 cyber attack (unknown). Cyber attacks. Samsung website error exposes UK customer data (150).

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How Many States Have Outlawed Ransomware? You May Be Shocked: Cybersecurity Trends

eDiscovery Daily

Certainly a motivating factor may have occurred when hackers hit Baltimore, Maryland’s largest city, with a RobbinHood ransomware attack on May 7, 2019. This while the Insurance Journal reported (via Reuters – hat tip again to Ride the Lightning) last week that U.S. It took them more than eight weeks to restore all systems.

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Developments in Health Privacy and Cybersecurity Policy and Regulation: OCR Issues Cybersecurity Warnings and New Health Data Legislation Is Introduced

Data Matters

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques. On March 17, 2022, the U.S.