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Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. NAIC Evaluating Definition of “Best Interest” to Determine Whether to Impose Such a Standard in the Suitability in Annuity Transactions Model Regulation.

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FBI warns US organizations of ProLock ransomware decryptor not working

Security Affairs

Feds warned that the decryptor for the ProLock is not correctly working and using it could definitively destroy the data. The PwndLocker ransomware first appeared in the threat landscape by security researchers in late 2019, operators’ demands have ranged from $175,000 to more than $660,000 worth of Bitcoin.

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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

Among other matters, the revised bond factors establish a more granular rating analysis by expanding the number of bond designation categories from the previous six categories to 20 categories. NAIC Continues Implementation of 2019 Revisions to the Credit for Reinsurance Model Law and Regulation Ahead of Upcoming Deadlines.

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U.S. Financial Regulators Clarify Oversight of AML/CFT Obligations in Connection With Digital Asset Activities

Data Matters

On October 11, 2019, the leaders of the U.S. 11, 2019), www.sec.gov/news/press-release/2019-212. Commodity Futures Trading Commission (CFTC), the Financial Crimes Enforcement Network (FinCEN) and the U.S. 1 SEC Halts Alleged $1.7 Billion Unregistered Digital Token Offering (Oct. Telegram Group Inc. The post U.S.

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European Commission Provides Important Guidance on Qualification and Classification of Software Under New Medical Devices Regulations

Data Matters

However, the new classification rules set out in the MDR, in particular Rule 11, significantly change the classification of MDSW, with many software devices to be generally considered medium- or even high-risk devices. setting out Classification Rule 11. of May 2019, available here (current version is 1.22 of May 2019).

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Summary – “Blockchain Technology and Recordkeeping”

ARMA International

This article summarizes a report published by AIEF on May 30, 2019. The authors propose a typology of records produced and/or recorded on blockchain systems with examples, locations, and a rich diplomatic analysis showing how the elements of the intellectual form may be identified in blockchain records.

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Cloud, Intelligent Content Services, and Digital Fragility: What’s on the RIM Horizon for 2020

ARMA International

Highlights of the Forrester Research and ARMA International Records Management Online Survey, Q4 2019. 2019 marks ten years since ARMA International and Forrester Research first surveyed records and information management (RIM) decision-makers to understand the key trends and challenges facing the profession.