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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.”. O.R.C. §§ 3965.01(E).

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

Data Matters

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. 6491 (Act). MCL § 500.550. MCL § 500.561.

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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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DORA: 1 year to go! Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds

Thales Cloud Protection & Licensing

That includes banks, insurances, payment institutions, stock market, and many financial management firms (trading, crypt-assets, etc). DORA is a Regulation, meaning that it is the law, not an industry standard, not a technical recommendation, not a set of nice-to-have best practises. What is the scope of DORA?

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SHARED INTEL Q&A: My thoughts and opinions about cyber threats — as discussed with OneRep

The Last Watchdog

Here is Erin’s Q&A column, which originally went live on OneRep’s well-done blog.) For the first expert interview on our blog, we welcomed Pulitzer-winning investigative reporter Byron V. Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies?

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GUEST ESSAY: Atrium Health data breach highlights lingering third-party exposures

The Last Watchdog

The healthcare industry has poured vast resources into cybersecurity since 2015, when a surge of major breaches began. The compromised databases included names, addresses, dates of birth, insurance policy details, medical record numbers, account balances and dates of service — of both guarantors and patients. Sticky problem.

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Cross-Border Data Privacy and Security Concerns in the Dawn of Quantum Computing

Thales Cloud Protection & Licensing

New EU restrictions could force companies to change data transfer practices and adopt more advanced data encryption methods. Beyond this we also have Payment Card Industry (PCI) standards, Health Insurance Portability and Accountability Act (HIPAA), the California Data Privacy Act (CCPA) and much more. Tue, 12/22/2020 - 10:08.