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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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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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2019 end-of-year review part 1: January to June

IT Governance

A royal baby, a fire at Notre-Dame, the highest grossing film of all time and more than 12 billion breached data records: 2019 has been quite a year. IT Governance is closing out the year by rounding up 2019’s biggest information security stories. Part one covers January to June, and will be followed by part in the coming days.

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Webinar on Hacking 101: How it works and how to mitigate risk

HL Chronicle of Data Protection

We will explore how certain common hacks work from a technical perspective and how to mitigate related risks from a legal and compliance perspective. Lawyers, privacy officers, compliance officers, and executives are key figures in helping manage such risks, but many may not understand how various hacks work. EST. 11:30 a.m.

Risk 40
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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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UK businesses are reporting fewer data breaches, but is this as positive as it sounds?

IT Governance

A third of businesses and a fifth of charities were hit by a cyber attack or data breach in the past year, the UK government’s Cyber Security Breaches Survey 2019 has found. More medium-sized (31% vs 19%) and large businesses (35% vs 24%) have invested in cyber insurance. Demonstrate your GDPR compliance with our documentation toolkit.

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New EU Strong Customer Authentication Standards: Implications for Payment Service Providers

Data Matters

These regulatory technical standards were passed into EU law as Commission Delegated Regulation (EU) 2018/389 (the RTS), which entered into effect on September 14, 2019. Examples of MITs given by the EBA include utilities bill payments, TV and mobile phone subscriptions, digital services subscriptions and insurance premium payments.