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Cyber insurance: A guide for businesses

IT Governance

That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? We take at a look at everything you need to know in this blog. What is cyber insurance? How does cyber insurance work?

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Catches of the month: Phishing scams for June 2020

IT Governance

See also: Catches of the month for May 2020. Catches of the month for April 2020. Catches of the month for March 2020. Palo Alto Networks discovered that healthcare agencies, governments, universities with medical centres, medical publishing firms and insurance companies have been targeted by sophisticated scams.

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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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List of data breaches and cyber attacks in July 2020 ­– 77 million records breached

IT Governance

You can find our full list of publicly disclosed data breaches from July in this blog. Meanwhile, you can stay up to date with the latest news by subscribing to our Weekly Round-up or visiting our blog. Canadian insurer Heartland Farm Mutual says an employee’s email account breached (unknown). Cyber attacks.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. NAIC Considers Comments to the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act . GCC Template and Instructions.

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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.

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Unemployment Insurance Fraud and Identity Theft: Up Close and Personal

Lenny Zeltser

In June 2020, the Federal Trade Commission (FTC) warned that “imposters are filing claims for unemployment benefits [in the US], using the names and personal information of people who have not filed claims.” People in New York, where I live, use ny.gov for many interactions with the state government.

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