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Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group expects to expose an initial draft of the white paper in advance of the Fall 2022 Meeting. NAIC Progresses Revisions to Statements of Statutory Accounting Principles.

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6,009,014 MovieBoxPro Accounts Breached in Another Data Scraping Incident

IT Governance

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. This week, it turns out at least 191 further Australian organisations, including government entities, were affected by this breach, highlighting the risks of supply chain attacks.

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ABBYY Opens Office in Hong Kong to Strengthen Presence in Asia

Info Source

billion in 2022. The retail industry and banking are the biggest spenders on AI in the region, with use cases such as fraud analysis and customer-facing process automation enabling self-service and improving customer experience. According to IDC , the spending on AI systems in Asia-Pacific is expected to reach $5.5

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Was RI Advice a watershed for cybersecurity law in Australia or a damp squib?

Data Protection Report

However, a close analysis of the judgment and the accompanying Statement of Agreed Facts and Admissions, provides insight into the issues and lessons to which AFSL holders and all Australian companies should pay close attention in order to appropriately manage cybersecurity and cyber resilience risks. 1] [2022] FCA 496.

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Infosource Global Capture & IDP Vertical Market Analysis 2022-2023 Update

Info Source

The lack of Telecoms infrastructure and digital skill development presents a hurdle; however, where investments by local government or overarching organisations close the gap, they will enable in particular economies with young populations. For example, organisations in the Legal and Retail sector may see impressive ROIs.

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Best Facial Recognition Software for Enterprises In 2022

eSecurity Planet

Also read: Top Single Sign-On (SSO) Solutions for 2022. Best Facial Recognition Software for 2022. Amazon Rekognition has been well regarded by government agencies and other secure users. Read next: Best Identity and Access Management (IAM) Solutions for 2022. What to Look for in Facial Recognition Software.

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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 Model 440.