eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 As the number and severity of data breaches continues to rise, organizations are recognizing that those costs are not theoretical. Cyber Insurance is Booming. That’s a 29.1%

Insurance 101

Insurance Ransomware Cybersecurity Marketing 101

Data Matters

JANUARY 14, 2019

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.”.

Insurance 68

Insurance Security Cybersecurity Data breaches 68

IBM Big Data Hub

DECEMBER 4, 2023

IBM can help insurance companies insert generative AI into their business processes IBM is one of a few companies globally that can bring together the range of capabilities needed to completely transform the way insurance is marketed, sold, underwritten, serviced and paid for.

Insurance 56

Insurance Digital transformation Compliance Cloud 56

Data Matters

FEBRUARY 11, 2019

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.

Insurance 68

Insurance Security Cybersecurity FOIA 68

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

Insurance 78

Insurance Authentication Risk Ransomware 78

Hunton Privacy

AUGUST 6, 2019

On August 2, 2019, New Hampshire Governor Chris Sununu signed into law SB 194 (the “Bill”), which requires insurers licensed in the state (“licensees”) to put in place data security programs and report cybersecurity events. Key provisions of the Bill include: Information Security Program. Incident Response Plan.

Insurance 81

Insurance Security Cybersecurity Information Security 81

Hunton Privacy

DECEMBER 16, 2022

On December 7, 2022, the Federal Trade Commission released an updated Mobile Health App Interactive Tool to help developers determine what federal laws and regulations apply to apps that collect and process health data.

Compliance 108

Compliance Insurance Privacy Access 108

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 128

Insurance Ransomware Risk Data science 128

IBM Big Data Hub

APRIL 24, 2024

An online retailer always gets users’ explicit consent before sharing customer data with its partners. A navigation app anonymizes activity data before analyzing it for travel trends. One cannot overstate the importance of data privacy for businesses today. The user can accept or reject each use of their data individually.

Data Privacy 88

Data Privacy Privacy GDPR Personal data 88

Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. For many years, organizations had limited options for addressing data protection risks. In the last 20+ years, cybersecurity insurance has added risk transference to the available palette of palliative choices. The function of cybersecurity insurance.

Insurance 71

Insurance Cybersecurity Cleanup Ransomware 71

Data Matters

JULY 30, 2018

In October 2017, the National Association of Insurance Commissioners (NAIC) adopted an Insurance Data Security Model Law. On May 3, 2018, South Carolina became the first state to enact this Model Law, in the form of the South Carolina Insurance Data Security Act (H.B.

Insurance 60

Insurance Security Cybersecurity Data breaches 60

OpenText Information Management

MAY 10, 2024

The recent IT leaders CIO MarketPulse survey by Foundry underscores that data must be ready for AI. If it’s not accurate, accessible, and secure, organizations won’t get the desired results. Since AI relies on data to learn and improve, organizations must ensure their data is accurate, accessible, and secure.

Security 57

Security Artificial Intelligence Privacy Compliance 57

The Last Watchdog

AUGUST 22, 2019

A core security challenge confronts just about every company today. While the benefits of DX are highly-touted , this shift has also spawned a whole new tier of unprecedented privacy and security challenges. The cloud is kind of dragging this movement along and DevOps and security are center stage, at the moment.”

Digital transformation 147

Digital transformation Compliance Risk Security 147

Rocket Software

MARCH 14, 2022

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries. Challenges to Effective IDP.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

Hanzo Learning Center

JUNE 28, 2022

Most people have heard of the Health Insurance Portability and Accountability Act (HIPAA), so it’s not surprising that companies dealing with digital health information will have to be HIPAA compliant. To do so, any protected health information (PHI) must be kept confidential, secure, and available when being stored or transmitted.

Archiving 98

Archiving Compliance Insurance Security 98

IBM Big Data Hub

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 62

Insurance Cloud Digital transformation Customer Experience 62

Data Matters

AUGUST 27, 2020

Department of Health and Human Services, Office for Civil Rights (“OCR”) has settled three cases related to alleged violations of the Health Insurance Portability and Accountability Act (“HIPAA”), totaling $1,165,000. These settlements underscore OCR’s continued focus on enforcement of the HIPAA Security Rule.

Compliance 68

Compliance Security Risk Encryption 68

IT Governance

JANUARY 9, 2024

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Publicly disclosed data breaches and cyber attacks: in the spotlight Hathaway breached, 41.5 The compromised data allegedly includes names, email addresses and phone numbers.

Data Privacy 75

Data Privacy Privacy Manufacturing Data breaches 75

Data Protection Report

DECEMBER 4, 2023

Processing such data is often outsourced to a third-party data processing service provider. For example, third parties may be retained to perform payroll activities, store data in a centralized location, or send targeted advertisements to consumers.

Insurance 63

Insurance Privacy Compliance Personal data 63

Armstrong Archives

DECEMBER 19, 2023

Whether it’s maintaining regulatory compliance or simply making tax season easier, an effective record retention strategy is paramount. Secure document disposal , as part of this comprehensive policy, protects against data breaches and maintains confidentiality, which is vital in today’s digital landscape.

Compliance 52

Compliance Archiving Digital transformation Sales 52

Data Protection Report

OCTOBER 3, 2021

Effective October 1, 2021, an amendment [1] to the Connecticut General Statute concerning data privacy breaches, Section 36a-701b, will impact notification obligations in several significant ways. Provides certain exemptions from public disclosure for materials provided to the state in response to an investigation of a breach of security.

Data breaches 142

Data breaches IT Insurance Passwords 142

IT Governance

FEBRUARY 22, 2022

Information security management is a way of protecting an organisation’s sensitive data from threats and vulnerabilities. The process is typically embedded via an ISMS (information security management system) , which provides the framework for managing information security. Benefits of information security management.

Information Security 138

Information Security Security Data breaches Risk 138

Thales Cloud Protection & Licensing

DECEMBER 22, 2020

Cross-Border Data Privacy and Security Concerns in the Dawn of Quantum Computing. New EU restrictions could force companies to change data transfer practices and adopt more advanced data encryption methods. In recent years, costly breaches and evolving data security concerns have bubbled up to a board level agenda item.

Data Privacy 118

Data Privacy Privacy Security Encryption 118

The Last Watchdog

JUNE 2, 2022

Big banks and insurance companies instilled the practice of requesting their third-party vendors to fill out increasingly bloated questionnaires, called bespoke assessments, which they then used as their sole basis for assessing third-party risk. It does this by ingesting and correlating data from a wide array of security-related datasets.

Security 266

Security Risk Digital transformation Insurance 266

Hunton Privacy

SEPTEMBER 21, 2023

362 (“Act”), a bill that would impose new requirements on data brokers and grant residents new rights designed to facilitate control over their personal data. The Act would grant California consumers the right to request that data brokers (1) delete and (2) limit the further sale and sharing of consumers’ personal data.

Insurance 69

Insurance Personal data Sales Compliance 69

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. The Framework.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

Data Protection Report

JANUARY 19, 2022

With the growth of the high-tech industry worldwide, it is no surprise that more and more transactions involve the transfer of rights to access or control data and derivative data. In our previous update we discussed protecting business data in a commercial context. Due diligence concerns.

Compliance 131

Compliance Access Personal data Risk 131

AIIM

JULY 24, 2018

Data Privacy and Open Data: Secondary Uses under GDPR. Three Critical Steps for GDPR Compliance. Mitigate Data Privacy and Security Risks with Machine Learning. The Privacy and Security Dichotomy. GDPR and Cross Border Data Flows between the EU and the US: Current State of the Law.

GDPR 83

GDPR Compliance Privacy Data Privacy 83

IT Governance

FEBRUARY 21, 2024

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Fowler sent a responsible disclosure notice when he discovered the database and it was secured the following day. Data breached: 2.7 Date breached: 384,658,212 records.

Data Privacy 52

Data Privacy Manufacturing Privacy Energy and Utilities 52

Data Matters

OCTOBER 12, 2021

Death, taxes and data breaches. As articulated in President Biden’s May 2021 Executive Order , Improving the Nation’s Cybersecurity , “[t]he United States faces persistent and increasingly sophisticated malicious cyber campaigns that threaten the public sector, the private sector, and ultimately the American people’s security and privacy.”

Data breaches 97

Data breaches Security Compliance Cloud 97

DLA Piper Privacy Matters

SEPTEMBER 6, 2023

Authors: Carolyn Bigg, Gwyneth To and Rachel De Souza Start preparing now to comply with India’s new data protection law. The DPDP Act is India’s first comprehensive law on the protection of personal data and comes six years after the Supreme Court of India first declared a fundamental right to privacy in the Puttaswarmy case in 2017.

Personal data 111

Personal data GDPR Data breaches Compliance 111

IBM Big Data Hub

JULY 7, 2023

Threats to your data are virtually everywhere these days, and too often, data compromises seem almost inevitable. But with a proactive approach to data security, organizations can fight back against the seemingly endless waves of threats. Data breaches can be disastrous for organizations.

Security 40

Security Data breaches Data Privacy Compliance 40

Krebs on Security

JUNE 18, 2021

NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years. Securities and Exchange Commission settled its investigation into the matter after the Fortune 500 company agreed to pay a paltry penalty of less than $500,000.

Insurance 280

Insurance Risk Financial Services Mining 280

IT Governance

JULY 15, 2019

Cyber insurance is big business these days. With the ever-present danger of data breaches and cyber attacks, organisations must be sure that they have the financial backing to respond appropriately. Most policies include provisions requiring organisations to follow certain information security best practices.

Insurance 89

Insurance Data breaches Risk Information Security 89

Data Protection Report

APRIL 30, 2024

The claims related to the company’s sharing personal data without consumer consent and making it very difficult for consumers to cancel their subscriptions to this telehealth service. The order also requires that the company destroy personal data for which it had not received consent and to create a document retention and destruction policy.

Personal data 85

Personal data Privacy Information governance Compliance 85

Information Governance Perspectives

MAY 10, 2020

In May of 2020 I was honored to speak at the MERv conference with John Frost of Box on the topic of Using Information Governance with a Privacy Compliance Plan as the Fulcrum for Data Privacy and Continuous Compliance. Privacy makes data governance ethical and tangible, and compliance leaders understand that.

Compliance 52

Compliance Information governance Privacy Data Privacy 52

Hunton Privacy

JULY 1, 2022

In its consent order , the Department noted that the cybersecurity events had caused the exposure of a substantial amount of sensitive personal data belonging to Carnival’s customers, including those residing in New York. NYDFS also found that Carnival had failed to implement basic protocols to prevent data breaches.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115