Data Matters

JANUARY 14, 2019

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”. O.R.C. §§ 3965.01(E).

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Hunton Privacy

JANUARY 2, 2019

New cybersecurity rules for insurance companies licensed in South Carolina are set to take effect in part on January 1, 2019. The new law is the first in the United States to be enacted based on the data security model law drafted by the National Association of Insurance Commissioners.

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Data Matters

FEBRUARY 11, 2019

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. 6491 (Act). MCL § 500.550.

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Security Affairs

APRIL 10, 2024

The Group Health Cooperative of South Central Wisconsin (GHC-SCW) is a non-profit organization that provides health insurance and medical care services to its members in the Madison metropolitan area of Wisconsin. “The attacker attempted to encrypt GHC-SCW’s system but was unsuccessful.”

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Hunton Privacy

FEBRUARY 25, 2021

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. sought coverage for expenses under its property insurance policy.

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Data Protection Report

FEBRUARY 27, 2020

Given the level of interest in the case, we have prepared a deeper-dive into the facts and the implications of the decision, with a focus on the important role played in the case by cyber insurance. Until recently, there had not been an example of a cyber insurer actively participating in a recovery action. This is set out below.

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Data Matters

JUNE 23, 2022

Kentucky and Maryland recently continued the trend of state insurance departments adopting some version of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Data Security Model Law. Kentucky Governor Andy Beshear signed House Bill 474 into law, and Maryland Governor Larry Hogan signed SB 207.

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Hunton Privacy

JULY 1, 2022

Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation. In addition to the monetary penalty of $5 million, NYDFS also accepted Carnival’s surrender of its insurance producer license; thus, Carnival has ceased selling insurance in New York.

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Krebs on Security

JULY 19, 2021

Experts say the biggest reason ransomware targets and/or their insurance providers still pay when they already have reliable backups is that nobody at the victim organization bothered to test in advance how long this data restoration process might take. “That is still somewhat rare,” Wosar said.

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Krebs on Security

DECEMBER 8, 2022

First spotted in mid-August 2022 , Venus is known for hacking into victims’ publicly-exposed Remote Desktop services to encrypt Windows devices. Holden said the internal discussions among the Venus group members indicate this gang has no problem gaining access to victim organizations. Encrypting sensitive data wherever possible.

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Thales Cloud Protection & Licensing

JUNE 15, 2023

The most effective way to ensure data security is through encryption and proper key management. Key Management as a Service (KMaaS) allows companies to manage encryption keys more effectively through a cloud-based solution instead of running the service on physical, on-premises hardware.

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eSecurity Planet

MAY 26, 2023

Confidential computing is a technology and technique that encrypts and stores an organization’s most sensitive data in a secure portion of a computer’s processor — known as the Trusted Execution Environment (TEE) — while it’s processed and in use. Most other encryption approaches protect data at rest and data in transit only.

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Thales Cloud Protection & Licensing

JANUARY 16, 2024

That includes banks, insurances, payment institutions, stock market, and many financial management firms (trading, crypt-assets, etc). Key Management System (KMS) are “dedicated control systems” that protect cryptographic keys, define role-based access controls and policies, and enforce them by mean of encryption.

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Krebs on Security

DECEMBER 7, 2019

The attack on CTS comes little more than two months after Sodinokibi hit Wisconsin-based dental IT provider PerCSoft , an intrusion that encrypted files for approximately 400 dental practices. “I would recommend everyone reach out to their insurance provider,” said one dentist based in Denver. ”

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Krebs on Security

FEBRUARY 20, 2024

The government says Russian national Artur Sungatov used LockBit ransomware against victims in manufacturing, logistics, insurance and other companies throughout the United States. In addition, the Japanese Police, supported by Europol, have released a recovery tool designed to recover files encrypted by the LockBit 3.0

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Krebs on Security

FEBRUARY 19, 2020

It is perhaps best known for selling virtual private networking (VPN) software that lets users remotely access networks and computers over an encrypted connection. In March 2019, the Federal Bureau of Investigation (FBI) alerted Citrix they had reason to believe cybercriminals had gained access to the company’s internal network.

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IBM Big Data Hub

APRIL 24, 2024

The app heavily encrypts all user financial data. Only administrators can access customer data on the backend. Deploying privacy protections: The app uses encryption to protect data from cybercriminals and other prying eyes. These access controls reduce the chances that the data is used for unauthorized or illegal purposes.

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Thales Cloud Protection & Licensing

MAY 9, 2022

Contrary to reports, the company paid nearly $5 million as a ransom to get access to all their systems. For example, both directives makes it mandatory for all agencies to deploy multi-factor authentication and encryption. Cyber insurance coverage ramps up. east coast. One in five businesses are willing to pay the ransom.

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Krebs on Security

MARCH 2, 2021

based PrismHR handles everything from payroll processing and human resources to health insurance and tax forms for hundreds of “professional employer organizations” (PEOs) that serve more than two million employees. 28, and that it disabled access to its platform for all users in an effort to contain the security incident.

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IT Governance

NOVEMBER 20, 2018

This blog covers access controls. Deficient access controls result in security breaches. Any organisation whose employees connect to the Internet needs some level of access control in place. Any organisation whose employees connect to the Internet needs some level of access control in place. Secure your access controls.

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Krebs on Security

OCTOBER 28, 2020

In March 2020, KrebsOnSecurity alerted Swedish security giant Gunnebo Group that hackers had broken into its network and sold the access to a criminal group which specializes in deploying ransomware. Five months later, Gunnebo disclosed it had suffered a cyber attack targeting its IT systems that forced the shutdown of internal servers.

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Thales Cloud Protection & Licensing

NOVEMBER 9, 2021

Shared responsibility is about controlling your own security – anything from data encryption to managing the encryption keys. Having full control and access to the encryption keys places more trust and confidence on leveraging the powers of the cloud. This is called shared fate.

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eSecurity Planet

AUGUST 9, 2022

are subject to laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (the HITECH Act), as well as regulations such as the Clinical Laboratory Improvements Amendments (CLIA). Healthcare Data Privacy Laws. Health data and patient data in the U.S.

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eSecurity Planet

DECEMBER 7, 2023

Encryption uses mathematical algorithms to transform and encode data so that only authorized parties can access it. What Encryption Is and How It Relates to Cryptology The science of cryptography studies codes, how to create them, and how to solve them. How Does Encryption Process Data? How Does Encryption Process Data?

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Security Affairs

JULY 5, 2021

According to reports from WJZ13 Baltimore , the company removed the malware just hours later and locked out the threat, however, the attackers accessed internal files. The company uses air-gapped networks and was able to restore encrypted files from backups. Follow me on Twitter: @securityaffairs and Facebook. Pierluigi Paganini.

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eSecurity Planet

JULY 12, 2022

Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. The ransom demand was $3.6

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Security Affairs

OCTOBER 9, 2021

. “On June 3, 2021, CMG experienced a ransomware incident in which a small percentage of servers in its network were encrypted by a malicious threat actor. CMG discovered the incident on the same day, when CMG observed that certain files were encrypted and inaccessible.” ” continues the notification.

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IT Governance

OCTOBER 24, 2023

Incident details: An unauthorised party gained access to some employee email accounts and the information within them, including demographic, medical and financial information. Incident details: The company found that data on its network had been encrypted without its knowledge. Breached organisation: City of Philadelphia, US.

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eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. The only way to make a system 100 percent secure is to make sure it isn’t accessible by anyone, which is impractical at best. Advanced Encryption. Risk Mitigation Steps.

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OneHub

OCTOBER 29, 2019

The second is to make sure they use encryption, preferably bank-level. Here’s what every business needs to know about using an encrypted file sharing service and how to safely share documents. What Is Bank-Level Encryption? . There are different degrees of encryption, including 128, 192, and 256 bits. Here’s why.

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Hunton Privacy

FEBRUARY 22, 2017

The settlement stemmed from the theft of two laptops stolen from Horizon headquarters in November 2013, when personnel from outside vendors performing renovations and moving services at Horizon’s Newark headquarters had unsupervised access to the area where company laptops were stored. Under the terms of the settlement, in addition to the $1.1

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Hunton Privacy

NOVEMBER 13, 2023

DMS did not detect the attack until after the ransomware was used to encrypt its files in December 2018. DMS is a HIPAA business associate (“BA”) that provides payer credentialing and medical billing services to HIPAA Covered Entities (“CEs”).

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Armstrong Archives

AUGUST 25, 2023

The Health Insurance Portability and Accountability Act (HIPAA) ensures individuals’ health data protection and privacy. This includes insurance companies, nurses, and doctors. The guidelines ensure that patient information is safe from unauthorized access and sharing. What are the Most Common HIPAA Violations?

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Security Affairs

SEPTEMBER 23, 2023

Once obtained access to the City’s network, the group performed reconnaissance and information-gathering activities using legitimate third-party remote management tools. “Royal’s initial access utilized the basic service domain service account, connecting to a server. ” reads the report. ” continues the report.

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Hunton Privacy

OCTOBER 15, 2021

The Division of Consumer Affairs alleged that the fertility clinic violated the New Jersey Consumer Fraud Act and the federal Health Insurance Portability and Accountability Act’s (“HIPAA”) Privacy and Security Rules by removing protected health information (“PHI”) safeguards.

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IT Governance

NOVEMBER 13, 2023

On 14 September, Mulkay discovered that the compromised files contained personal information, including “name, address, date of birth, Social Security number, driver’s license number or state ID, medical treatment information, and health insurance information”. Customer data, which was encrypted, was reported to be unaffected.

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HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

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