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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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11 cyber security predictions for 2020

IT Governance

Cyber insurance has in some regions encouraged victims to pay as it is cheaper than remediation in some cases. The retail and hospitality industries will continue to have their POS equipment targeted. The post 11 cyber security predictions for 2020 appeared first on IT Governance UK Blog. Ransomware will continue to increase.

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List of data breaches and cyber attacks in December 2020 – 148 million records breached

IT Governance

What else would you expect from the final month of 2020 than the highest number of publicly disclosed incidents we’ve ever recorded? That brings the total for 2020 to more than 20 billion. The post List of data breaches and cyber attacks in December 2020 – 148 million records breached appeared first on IT Governance UK Blog.

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Global Scamdemic: Scams Become Number One Online Crime

Security Affairs

The number of scam and phishing violations detected by Group-IB in Europe in 2020 increased by 39% compared to the previous year. For example, a scheme of fake branded social media accounts (typical of the financial sector) affected over 500 fake accounts per bank on average in 2020.

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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

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Key Ring digital wallet exposes data of 14 Million users in data leak

Security Affairs

Below the timeline of the discovery: Date discovered: January 2020 Date Key Ring and AWS contacted: 18th February 2020 Date of Action: 20th February 2020. Experts also found CSV files storing membership lists and reports for some of North American retail brands. ” continues the report.

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This Identity Management Day, Go BIG or Go HOME!

Thales Cloud Protection & Licensing

Funny enough, many a CIO would already have been preaching this pre-2020. Retail companies, for example, were forced to speed up their digital presence to avoid being totally disrupted. IAM is no longer just a means to be compliance- and audit-friendly. It is truly a pillar of change – a pillar of transformation.

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