2019 Financial Services Insurance Ransomware 
Data Matters
FEBRUARY 10, 2021
On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. Insurers should: Establish a Formal Cyber Insurance Risk Strategy.
Hunton Privacy
JULY 1, 2022
On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp. Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
eSecurity Planet
FEBRUARY 16, 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. Ransomware attacks and costs.
Data Matters
OCTOBER 8, 2020
individuals and businesses comply with ransomware payment demands. Ransomware attacks use malware, often injected through phishing schemes, to encrypt a victim’s data files or programs, followed by a ransom demand by the threat actor that offers the decryption key in exchange for payment. sanctions law violations if U.S.
Data Matters
JUNE 24, 2021
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.
KnowBe4
MARCH 28, 2023
This enormous security gap leaves you open to business email compromise, session hijacking, ransomware and more. I've written quite a few times about specific cyber insurance claim cases that required going to court to settle. Don't get caught in a phishing net! Learn how to avoid having your end users take the bait.
DLA Piper Privacy Matters
JULY 30, 2019
Some states – such as Alabama, Massachusetts and New York (for financial services companies) – prescribe particular requirements of a “reasonable” cybersecurity program. At least nine states expressly extend these requirements to service providers. Proof of adequate cyber insurance coverage.
Expert insights. Personalized for you.
79 
Let's personalize your content