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New financially motivated attacks in Western Europe traced to Russian-speaking threat actors

Security Affairs

At least two companies operating in pharmaceutical and manufacturing sectors have been affected. According to industry researchers, TA505 is known to have carried out attacks on banks, medical institutions retailers and other businesses in the past. Group-IB has immediately contacted the victims upon discovery. ProxyBot and Silence.

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Cryptoassets and Smart Contracts – UK Offers Legal Clarity

Data Matters

On November 18, 2019, the UK Jurisdiction Taskforce, which is part of The English Law Society’s LawTech Delivery Panel , published its Legal Statement on the status of cryptoassets and smart contracts (the Legal Statement). 7 For example, of the type hypothesized by Ian Grigg (i.e., 10 “EBA reports on crypto-assets,” January 9, 2019.

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Cryptoassets and Smart Contracts – UK Offers Legal Clarity

Data Matters

On November 18, 2019, the UK Jurisdiction Taskforce, which is part of The English Law Society’s LawTech Delivery Panel , published its Legal Statement on the status of cryptoassets and smart contracts (the Legal Statement). 7 For example, of the type hypothesized by Ian Grigg (i.e., 10 “EBA reports on crypto-assets,” January 9, 2019.

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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

The revised SAT, which the NAIC adopted in February 2020, incorporates a requirement for producers to act in the “best interest” of a retail customer when making a recommendation of an annuity. NAIC Continues Implementation of 2019 Revisions to the Credit for Reinsurance Model Law and Regulation Ahead of Upcoming Deadlines.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The Annuity Suitability Working Group (ASWG) led the NAIC’s multi-year efforts to develop revisions to the Suitability in Annuity Transactions Model Regulation (SAT) to incorporate a requirement for producers to act in the “best interest” of a retail customer when making a recommendation of an annuity. Revisions to SSAP No.