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The Week in Cyber Security and Data Privacy: 4 – 10 March 2024

IT Governance

billion in cyber crime losses in 2023 – a 22% increase on 2022’s figures. The Internet Crime Report 2023 also reports that four online crimes caused the most financial losses in the US last year: BEC (business email compromise), investment fraud, ransomware, and tech/customer support and government impersonation scams.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The proposed revisions would subject any material transaction between an insurer and a counterparty that is greater than 10% owned by either the insurer or a related party or affiliate of the insurer to SSAP No. Although the results of the assessment indicate that many of the minimum requirements of ComFrame are already addressed in the U.S.