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Regulatory Update: NAIC Summer 2018 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data . The NAIC is also considering insurers’ use of big data in underwriting life insurance products.

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Nevada, New York and other states follow California’s CCPA

Data Protection Report

On May 29, 2019, Nevada enacted an amendment to its online privacy law, requiring businesses to offer consumers a right to opt-out of the sale of their personal information. 10-word summary. 10-word summary. Exempts from deletion personal information needed to complete insurance transactions. Bills to Narrow CCPA.

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List of data breaches and cyber attacks in May 2021 – 116 million records breached

IT Governance

Doncaster-based One Call Insurance hit by ransomware (unknown) Ransomware attack on Swiss Cloud Computing AG (6,500) Wolfe Eye Clinic victim of Lorenz threat actors (unknown) One of the US’s largest pipelines shuts down to contain cyber security breach (unknown) J. Find out more. Ransomware. Spargo & Associates Inc.

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Best Fraud Management Systems & Detection Tools in 2022

eSecurity Planet

52% of companies with more than $10 billion in revenue were hit with fraud. In its 2021 Threat Force Intelligence Index , IBM reported that manufacturing and financial services were the two industries most at risk for attack, making up 23.2% Here are the top 10, in our analysis. of attacks IBM handled, respectively.

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