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Cybersecurity Standards for the Insurance Sector – A New Patchwork Quilt in the US?

HL Chronicle of Data Protection

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.

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Privacy and Cybersecurity Top 10 for 2018

Data Matters

We expect each of these trends to continue in 2018. As we begin this New Year, here is list of the top 10 privacy and cybersecurity issues for 2018: EU GDPR. The May 25, 2018 effective date for the EU’s General Data Protection Regulation (GDPR) will no doubt be a central focus of 2018. Data breach litigation risks.

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SEC Chair: Sweeping New Cybersecurity Rules Are Coming Soon

Data Matters

For example, SEC guidance from 2018 emphasizes that there is a range of factors that may affect whether an incident should be disclosed to investors beyond the bottom-line financial costs to respond to the incident. He also signaled the SEC’s continued focus on enforcement and cooperation with other law enforcement agencies.

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The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

Certain sectors, such as banking, financial services, health, and insurance have their own data protection and privacy requirements. A data subject request is an action by an individual to exercise that right, and the organization has an obligation to respond to that request 10 11. Bill C-11, Sec. Bill C-11, Sec.

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Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

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UK businesses are reporting fewer data breaches, but is this as positive as it sounds?

IT Governance

This is a marked improvement on the previous two years, in which 43% (2018) and 46% (2017) of businesses were breached, but it doesn’t tell the full story of the UK’s threat landscape. More medium-sized (31% vs 19%) and large businesses (35% vs 24%) have invested in cyber insurance.

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Ransomware Protection in 2021

eSecurity Planet

Screenshot example. Expanding on what a ransomware attack looks like, here is an example of how Locky would appear on your desktop. CASBs provide added visibility, compliance, data security, and threat protection in securing your data. The Ryuk ransomware family spawned in 2018 from a sophisticated Russia-based cybercrime group.