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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. sought coverage for expenses under its property insurance policy.

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Catches of the Month: Phishing Scams for April 2023

IT Governance

For instance, it could monitor users’ keystrokes or encrypt the user’s files in a ransomware attack. According to its analysis, malware was proportionately more common in phishing attacks, with Emotet and QakBot remaining the two most common strains. YouTube has said its team are investigating the phishing campaign. “We’re

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£60 million in recovery costs for Norsk Hydro after refusing ransom demand

IT Governance

TrendMicro’s analysis into the ransomware found that it was the same system administration tool abused by the likes of SOREBRECT and Bad Rabbit. The ransomware was accompanied by a note: “Your files are encrypted with the strongest military algorithms. How the incident occurred. Everything in the company was turned upside down.”.

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Have board directors any liability for a cyberattack against their company?

Security Affairs

During the past few weeks, I had the pleasure of running a presentation on how to deal with the risk of ransomware cyberattacks on corporations for the benefit of members of the “ In the Boardroom ” training course dedicated to professionals who are or aspire to become board members of publicly traded companies.

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What is Ransomware? Everything You Should Know

eSecurity Planet

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. These keys are available to the attacker, and the encryption can only be decrypted using a private key. How Does Ransomware Work?

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Regulatory Update: NAIC Spring 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.

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Network Security Architecture: Best Practices & Tools

eSecurity Planet

Next-generation firewalls (NGFWs): Improve the general security of a firewall with advanced packet analysis capabilities to block malware and known-malicious sites. Virtual private networks (VPNs): Secure remote user or branch office access to network resources through encrypted connections to firewalls or server applications.

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