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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. 27, 2020). This resolution highlights the SEC’s continued focus on cybersecurity.

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CyberheistNews Vol 13 #13 [Eye Opener] How to Outsmart Sneaky AI-Based Phishing Attacks

KnowBe4

Blog post with links: [link] [Live Demo] Ridiculously Easy Security Awareness Training and Phishing Old-school awareness training does not hack it anymore. Your email filters have an average 7-10% failure rate; you need a strong human firewall as your last line of defense. back in 2020. doing so in 2022, a 93% increase.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. 10, 2018), remains pending in an Illinois state court.

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Regulatory Update: NAIC Fall 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. The International Insurance Relations (G) Committee will be scheduling a conference call in early 2021 to discuss the NAIC’s comments to the IAIS’ draft document ahead of the January 22 comment deadline.

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8 Interesting Predictions for the Intelligent Information Capture Market in 2022

Info Source

In 2022, we expect digital inputs to business transactions to grow over 10%, while paper-based inputs will continue to decline. As recently as five years ago, Cloud Capture Services made up less than 7% of the global Capture Software market. By 2020, driven by a strong push caused by the pandemic, that percentage had more than doubled.

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8 Interesting Predictions for the Intelligent Information Capture Market in 2022

Info Source

In 2022, we expect digital inputs to business transactions to grow over 10%, while paper-based inputs will continue to decline. As recently as five years ago, Cloud Capture Services made up less than 7% of the global Capture Software market. By 2020, driven by a strong push caused by the pandemic, that percentage had more than doubled.

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Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

The New York State Department of Financial Services recently amended its annuity suitability regulation to apply a “best interest” standard in connection with both life insurance and annuity transactions with consumers. Annuity Disclosure (A) Working Group Compromises on Age Restriction on Indices Used in Annuity Illustrations.