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. See CT Gen Stat § 38a-999b (2015) ; 23 NYCRR 500.

Insurance 60

Insurance Security Cybersecurity Data breaches 60

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. In particular, OCR has focused on the following elements the Security Rule: Encryption practices designed to protect ePHI.

Compliance 68

Compliance Security Risk Encryption 68

Thales Cloud Protection & Licensing

JANUARY 16, 2024

That includes banks, insurances, payment institutions, stock market, and many financial management firms (trading, crypt-assets, etc). Non-compliance can lead to administrative penalties and remedial measures defined by supervisory authorities, as well as possible criminal penalties. What is the scope of DORA?

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

Hunton Privacy

JULY 1, 2022

Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation. Although Carnival had certified compliance with the Cybersecurity Regulation at the time of the incidents, NYDFS found that Carnival’s attestation of compliance was improper.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

IT Governance

JULY 15, 2019

Cyber insurance is big business these days. Damages incurred by information security incidents generally aren’t covered in commercial insurance policies, so a specific policy is necessary to help cover the costs of things like forensic investigation, incident response and notification procedures. Document an incident response plan.

Insurance 89

Insurance Data breaches Risk Information Security 89

Thales Cloud Protection & Licensing

MARCH 6, 2018

Every year, new regulations and compliance orders come into play that impact businesses across the world. The only true way to protect data is to encrypt it. Encryption is key when it comes to protecting data. Many of the data privacy mandates state that by encrypting the data, you avoid the breach notifications requirements.

Compliance 88

Compliance GDPR Encryption Data Privacy 88

eSecurity Planet

MAY 26, 2023

Confidential computing is a technology and technique that encrypts and stores an organization’s most sensitive data in a secure portion of a computer’s processor — known as the Trusted Execution Environment (TEE) — while it’s processed and in use. Most other encryption approaches protect data at rest and data in transit only.

Encryption 90

Encryption Cloud IoT Blockchain 90

AIIM

JULY 24, 2018

Three Critical Steps for GDPR Compliance. GDPR Compliance Starts with Data Discovery. There are a number of areas where GDPR strengthens compliance obligations and imposes additional legal liabilities. This is the 11th post in a series on privacy by Andrew Pery. Data Privacy and Open Data: Secondary Uses under GDPR.

GDPR 83

GDPR Compliance Privacy Data Privacy 83

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Compliance management.

Compliance 57

Compliance Risk Government Retail 57

The Last Watchdog

OCTOBER 26, 2021

With digital transformation leading to a boom in the use of digital certificates, our bedrock authentication and encryption framework is at an inflection point, where the demand and adoption of automation is set to rapidly accelerate to keep up with technology requirements. Addressing compliance, security.

Digital transformation 230

Digital transformation Compliance Encryption Authentication 230

Krebs on Security

MARCH 2, 2021

-based PrismHR handles everything from payroll processing and human resources to health insurance and tax forms for hundreds of “professional employer organizations” (PEOs) that serve more than two million employees. The company processes more than $80 billion payroll payments annually on behalf of PEOs and their clients.

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Ransomware Insurance Cloud Encryption 290

Thales Cloud Protection & Licensing

DECEMBER 22, 2020

New EU restrictions could force companies to change data transfer practices and adopt more advanced data encryption methods. Traditionally, privacy has taken the form of a policy document created, housed, and referenced by the offices of general counsel and compliance at most organizations. Multinationals Face Unique Challenges.

Data Privacy 118

Data Privacy Privacy Security Encryption 118

IBM Big Data Hub

APRIL 24, 2024

The app heavily encrypts all user financial data. Deploying privacy protections: The app uses encryption to protect data from cybercriminals and other prying eyes. Examples of data privacy laws Compliance with relevant regulations is the foundation of many data privacy efforts.

Data Privacy 84

Data Privacy Privacy GDPR Personal data 84

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

Armstrong Archives

AUGUST 25, 2023

The Health Insurance Portability and Accountability Act (HIPAA) ensures individuals’ health data protection and privacy. This includes insurance companies, nurses, and doctors. In this article, we’ll talk more about the HIPAA, the importance of compliance, some common HIPAA violations, and more!

Computer and Electronics 52

Computer and Electronics Insurance Compliance Risk 52

Hunton Privacy

FEBRUARY 22, 2017

The stolen laptops contained policyholder electronic Protected Health Information (“ePHI”), including names, addresses, birth dates, insurance identifications and, in some cases, Social Security numbers and clinical data. The policyholder data was password protected but not encrypted, in violation of HIPAA and HITECH.

Insurance 45

Insurance Privacy Encryption Passwords 45

eSecurity Planet

DECEMBER 7, 2023

Encryption uses mathematical algorithms to transform and encode data so that only authorized parties can access it. What Encryption Is and How It Relates to Cryptology The science of cryptography studies codes, how to create them, and how to solve them. How Does Encryption Process Data? How Does Encryption Process Data?

Encryption 110

Encryption IT Passwords IoT 110

eSecurity Planet

OCTOBER 5, 2021

Assessment that audits and analyzes current security health and compliance status, advising on issues and providing recommendations. The focus is on recovering deleted and encrypted files as quickly as possible. Determines the initial vector of infection, where your current data backups are, and the sensitivity of encrypted files.

Ransomware 139

Ransomware Encryption Cybersecurity Insurance 139

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. Maintaining Regulatory Compliance. Also read : Top Governance, Risk, and Compliance (GRC) Tools for 2022. Advanced Encryption. Risk Management Process. Enhancing Risk Management.

Risk 138

Risk Cybersecurity Encryption Access 138

Security Affairs

SEPTEMBER 23, 2023

The command-and-control beacons allowed Royal to prepare the City’s network resources for the May 03, 2023, ransomware encryption attack.” Once obtained access to the City’s network, the group performed reconnaissance and information-gathering activities using legitimate third-party remote management tools. .

Ransomware 104

Ransomware Encryption Systems administration Cybersecurity 104

Hunton Privacy

JULY 16, 2021

On July 13, 2021, federal bank regulators – the Board of Governors of the Federal Reserve System (the “Board”), the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Comptroller of the Currency (“OCC”) (collectively, the “Regulators”) – requested public comment on proposed joint guidance regarding banking organizations’ management (..)

Risk 81

Risk Insurance Sales Encryption 81

Thales Cloud Protection & Licensing

AUGUST 3, 2021

Patient records were always valued by attackers for launching sophisticated insurance fraud schemes, purchasing medical supplies or drugs, or committing other types of fraud including identity theft. Compliance adds to cybersecurity challenges. Encryption. Compliance. Todd Moore | VP, Encryption Products.

IoT 87

IoT Encryption Cloud Authentication 87

IBM Big Data Hub

JANUARY 22, 2024

The photo will expedite the recovery process and help when filing a police report or a possible claim with your insurance company. Hackers know this might be your first instinct, and some types of ransomware notice restart attempts and cause additional harm, like damaging Windows or deleting encrypted files.

Ransomware 113

Ransomware Encryption Analytics Data breaches 113

Thales Cloud Protection & Licensing

AUGUST 3, 2021

Patient records were always valued by attackers for launching sophisticated insurance fraud schemes, purchasing medical supplies or drugs, or committing other types of fraud including identity theft. Compliance adds to cybersecurity challenges. Encryption. Compliance. Regulation and compliance. Data security.

IoT 71

IoT Encryption Cloud Compliance 71

Data Protection Report

APRIL 30, 2024

With respect to a data retention policy, the order states: Within seven days of entry of this Order, Defendant must document and adhere to a retention schedule for Covered Information in compliance with this Order. Here, the Stipulated Order was focused on tying specific retention periods to demonstratable business or legal requirements.

Personal data 85

Personal data Privacy Information governance Compliance 85

Data Protection Report

FEBRUARY 8, 2022

When you enter personal information on our Site, we encrypt transmissions involving such information using secure protocols.” Record retention often plays second-fiddle in data security and privacy compliance programs, but the theft of old, unused personal information is something that regulators can quickly identify.

Passwords 98

Passwords Financial Services Authentication Insurance 98

Thales Cloud Protection & Licensing

OCTOBER 5, 2022

Thales is participating in a security session titled “Solutions for Protecting Your Data and Meeting Compliance Using Encryption,” hosted by Il-Sung Lee, Cloud Security at Google, and Sol Cates, Principal Technologist at Thales. On 26 October , we co-host a workshop on cybersecurity insurance with Infinigate. Safe travels!

Cybersecurity 87

Cybersecurity Cloud Digital transformation Sales 87

The Last Watchdog

OCTOBER 5, 2023

Byron: It’s gone from simple file encryption to multifaceted, multi-staged attacks that leverage Dark Web services, such as initial access brokers (IABs,) as well as make use of Living off the Land (LotL) embedded tools. Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies?

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

Hunton Privacy

JANUARY 13, 2016

(“Schein”), agreed to settle FTC charges that accused the company of falsely advertising the level of encryption it used to protect patient data. The FTC asserted that, in 2012, the Dentrix G5 software incorporated a third party database engine that included a form of data protection that Schein advertised as “encryption.”

Encryption 40

Encryption Insurance Data breaches Privacy 40

Data Matters

APRIL 20, 2021

DOL guidance provides a series of questions that should serve as a starting point for this review and includes topics such as the service provider’s information security standards, track record, cybersecurity insurance coverage, and cybersecurity validation techniques.

Cybersecurity 68

Cybersecurity Insurance Risk Compliance 68

HIPAA

OCTOBER 16, 2013

The health insurance portability and accountability act has set various guidelines, which should be adhered to by anyone who handles any electronic medical data. Lack of compliance to the HIPAA security standards could lead to large fines and in extreme cases even loss of medical licenses. Prepare for disaster before it occurs.

Compliance 31

Compliance Computer and Electronics Security Encryption 31

eSecurity Planet

AUGUST 27, 2021

Also known as vendor risk management (VRM), TPRM goes beyond the general risk management and governance, risk, and compliance (GRC) solutions by specializing in the onboarding, risk assessment, and due diligence for organizations working with third parties. On Gartner Peer Insights, Black Kite holds an average score of 4.7/5 ProcessUnity VRM.

Risk 130

Risk Compliance Marketing Cybersecurity 130

HIPAA

OCTOBER 16, 2013

The health insurance portability and accountability act has set various guidelines, which should be adhered to by anyone who handles any electronic medical data. Lack of compliance to the HIPAA security standards could lead to large fines and in extreme cases even loss of medical licenses. Prepare for disaster before it occurs.

Compliance 28

Compliance Computer and Electronics Security Encryption 28

HIPAA

OCTOBER 16, 2013

The health insurance portability and accountability act has set various guidelines, which should be adhered to by anyone who handles any electronic medical data. Lack of compliance to the HIPAA security standards could lead to large fines and in extreme cases even loss of medical licenses. Prepare for disaster before it occurs.

Compliance 28

Compliance Computer and Electronics Security Encryption 28

Hunton Privacy

MARCH 24, 2020

The term does not include publicly available information that is lawfully made available to the general public from federal, state, or local government records.

Encryption 73

Encryption Passwords Compliance Risk 73

Collibra

JUNE 23, 2023

They are the California Consumer Privacy Act (CPRA), the Health Insurance Portability and Accountability Act (HIPAA), the FBI’s Criminal Justice Information Services (or CJIS), and many more. Proactive measures are essential to protect sensitive information and ensure compliance with privacy laws. They must choose both.

Privacy 87

Privacy Government Data Privacy Data breaches 87