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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

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CIAM in insurance: A unified, secure user experience with a single login

Thales Cloud Protection & Licensing

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

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Ohio Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law

Data Matters

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.”.

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MY TAKE: Identity ‘access’ and ‘governance’ tech converge to meet data protection challenges

The Last Watchdog

based supplier of identity access management (IAM) systems, which recently announced a partnership with Omada, a Copenhagen-based provider of identity governance administration (IGA) solutions. The IAM vendors took single sign-on to the next level, adding multi-factor authentication and other functionalities.

Access 169
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CISA Order Highlights Persistent Risk at Network Edge

Krebs on Security

government agency in charge of improving the nation’s cybersecurity posture is ordering all federal agencies to take new measures to restrict access to Internet-exposed networking equipment. “This is reachable pre-authentication, on every SSL VPN appliance,” French vulnerability researcher Charles Fol tweeted.

Risk 221
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9 cyber security predictions for 2022

IT Governance

Cyber insurance will become more popular and more comprehensive. It’s led to a growing trend for organisations to purchase cyber insurance, which Forbes contributor Emil Sayegh believes will continue in 2022. This market squeeze will certainly affect the cyber insurance industry itself. “We

Security 142
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One Year Later: What Have We Learned Since the Colonial Pipeline Attack

Thales Cloud Protection & Licensing

Service was then resumed in mid-May, and a group called Darkside was involved in the attack, according to the FBI. government is recommending to ensure the operations of Critical National Infrastructure are not affected by ransomware attacks. Governments step up to protect all businesses. Cyber insurance coverage ramps up.