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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. In parallel with its development of the new model, the Privacy Working Group is continuing to draft a white paper on data ownership and use rights. 26R — Bonds (SSAP No. 26R) and SSAP No.

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Australian Privacy Regulator Sues in Data Breach Case

Hunton Privacy

Patrick Gunning from King & Wood Mallesons reports that, on November 2, 2023, the Australian Information Commissioner filed proceedings in the Federal Court of Australia against Australian Clinical Labs Limited seeking a civil penalty ( i.e. , a fine) in connection with the company’s response to a data breach that occurred in February 2022.

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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. Data scraping is a typically automated process that extracts information from websites, allowing criminals to compile data sets containing personal information.

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How One Company Survived a Ransomware Attack Without Paying the Ransom

eSecurity Planet

The first signs of the ransomware attack at data storage vendor Spectra Logic were reports from a number of IT staffers about little things going wrong at the beginning of the day. Cyber Insurer Provides Help. Also read: Top 8 Cyber Insurance Companies for 2022 Best Ransomware Removal and Recovery Services.

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RSAC insights: How ‘TPRM’ can help shrink security skills gap — while protecting supply chains

The Last Watchdog

Big banks and insurance companies instilled the practice of requesting their third-party vendors to fill out increasingly bloated questionnaires, called bespoke assessments, which they then used as their sole basis for assessing third-party risk. TPRM will be in the spotlight at the RSA Conference 2022 next week in San Francisco.

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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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Developments in Health Privacy and Cybersecurity Policy and Regulation: OCR Issues Cybersecurity Warnings and New Health Data Legislation Is Introduced

Data Matters

On March 17, 2022, the U.S. Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques.