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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. 10, 2018), remains pending in an Illinois state court. complaint filed Oct.

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Massive Losses Define Epidemic of ‘Pig Butchering’

Krebs on Security

. “There are just horrifying stories that run the gamut in terms of victims, from young women early in their careers, to senior citizens and even to people working in the financial services industry.” The now-defunct homepage of xtb-market[.]com, Nolan’s mentor had her create an account website xtb-market[.]com

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Best Fraud Management Systems & Detection Tools in 2022

eSecurity Planet

billion in reported fraud in 2021 alone. 52% of companies with more than $10 billion in revenue were hit with fraud. For example, Experian’s 2021 Global Identity and Fraud Report stated that 82% of surveyed businesses had adopted customer recognition strategies. Here are the top 10, in our analysis. million in losses.

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