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COVID-19 ‘Breach Bubble’ Waiting to Pop?

Krebs on Security

Global lockdowns from COVID-19 have resulted in far fewer fraudsters willing or able to visit retail stores to use their counterfeit cards, and the decreased demand has severely depressed prices in the underground for purloined card data. Alforov said the median price for card-present data has dropped precipitously over the past few months.

Sales 314
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Wawa Breach May Have Compromised More Than 30 Million Payment Cards

Krebs on Security

In late December 2019, fuel and convenience store chain Wawa Inc. The fraud bazaar Joker’s Stash on Monday began selling some 30 million stolen payment card accounts that experts say have been tied back to a breach at Wawa in 2019. 10 and contained the breach by Dec. The company found the median price of U.S.

Sales 308
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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. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

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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. Valuation of Securities (E) Task Force Adopts an Amendment to the Purposes and Procedures Manual to Add Instructions for Review of Funds.

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Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

Under the FASB concepts, an “asset” is defined as “a present right of an entity to an economic benefit, and a “liability” is defined as “a present obligation of an entity to transfer an economic benefit.”. control considerations that may exist with less than 10% ownership (such as control through contractual arrangements).

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Group-IB presents its annual report on global threats to stability in cyberspace

Security Affairs

Group-IB, has analyzed key recent changes to the global cyberthreat landscape in the “Hi-Tech Crime Trends 2019/2020” report. According to Group-IB’s experts, the most frustrating trend of 2019 was the use of cyberweapons in military operations. As for 2019, it has become the year of covert military operations in cyberspace.

IT 84
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Regulatory Update: NAIC Fall 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (the NAIC) held its Fall 2019 National Meeting (Fall Meeting) in Austin, Texas, from December 7 to 10, 2019. The draft revisions include a requirement for producers to act in the “best interest” of a retail customer when making a recommendation of an annuity.