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.

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Insurance Ransomware Risk Data science 128

Hunton Privacy

JULY 1, 2022

(“Carnival”), the world’s largest cruise-ship operator, for violations of the Cybersecurity Regulation (23 NYCRR Part 500) in connection with four cybersecurity events between 2019 and 2021, including two ransomware events. . NYDFS also found that Carnival had failed to implement basic protocols to prevent data breaches.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

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

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.”.

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Insurance Security Cybersecurity Data breaches 68

Data Matters

JUNE 23, 2022

Kentucky and Maryland recently continued the trend of state insurance departments adopting some version of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Data Security Model Law. The post Kentucky and Maryland Recently Joined Other States in Adopting NAIC Model Data Security Law.

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Data Matters

JANUARY 28, 2022

The advisory was promptly endorsed by the National Cyber Security Centre, a division of Government Communications Headquarters (“GCHQ”), a UK intelligence agency. government, especially in light of ongoing tensions between the U.S. Like an incident response plan, MFA has become a critical element of cybersecurity programs.

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Cybersecurity Financial Services Authentication Government 157

eSecurity Planet

MARCH 3, 2023

The White House’s National Cybersecurity Strategy unveiled yesterday is an ambitious blueprint for improving U.S. cybersecurity and threat response, but some of the more ambitious items will take time to implement, and could face opposition from Congress. ” Those fundamental shifts are focused on two core priorities. .”

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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.

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Data Privacy Privacy GDPR Personal data 88

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. This article looks at cybersecurity risk management, how to establish a risk management system, and best practices for building resilience. What is Cybersecurity Risk Management?

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Risk Cybersecurity Encryption Access 127

Security Affairs

JANUARY 6, 2024

Law firm Orrick, Herrington & Sutcliffe disclosed a data breach that took place in early 2023, which impacted roughly 600,000 individuals. The law firm Orrick, Herrington & Sutcliffe, disclosed a data breach that impacted 638,000 individuals. ” reads the data breach notification.

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Data breaches Insurance Access Cybersecurity 107

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

Security Affairs

DECEMBER 9, 2023

Kentucky health system Norton Healthcare disclosed a data breach after it was a victim of a ransomware attack in May. Norton Healthcare disclosed a data breach after a ransomware attack that hit the organization on May 9, 2023. TB of data and leaked dozens of files as proof of the hack. BlackCat claimed to have exfiltrated 4.7

Data breaches 119

Data breaches Ransomware Insurance Access 119

Data Protection Report

JANUARY 4, 2024

On December 9, 2023, the California Privacy Protection Agency (CPPA) met to discuss, among many other topics, three proposed draft regulations that were required by the California Privacy Rights Act (CPRA) amendment to the California Consumer Privacy Act (CCPA): Automated Decision-Making Technology, Cybersecurity Audits, and Risk Assessments.

Privacy 110

Privacy Cybersecurity Artificial Intelligence e-Discovery 110

Krebs on Security

AUGUST 29, 2019

PerCSoft , a Wisconsin-based company that manages a remote data backup service relied upon by hundreds of dental offices across the country, is struggling to restore access to client systems after falling victim to a ransomware attack. Cloud data and backup services are a prime target of cybercriminals who deploy ransomware.

Ransomware 224

Ransomware Insurance Encryption Cloud 224

Hunton Privacy

FEBRUARY 25, 2021

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. sought coverage for expenses under its property insurance policy.

Insurance 70

Insurance Cybersecurity Risk Education 70

Data Breach Today

MARCH 12, 2023

Help for Uninsured Depositors Avoids Doomsday Scenario of Startups Missing Payroll The short-term crisis for cybersecurity startups around the sudden collapse of Silicon Valley Bank has been averted.

Insurance 130

Insurance Cybersecurity Government Access 130

Security Affairs

NOVEMBER 12, 2023

The State of Maine disclosed a data breach that impacted about 1.3 The Government organization disclosed a data breach that impacted about 1.3 Threat actors exploited the zero-day vulnerability CVE-2023-34362 to hack the file transfer platform and steal the data of the organization. million individuals.

Data breaches 111

Data breaches Insurance Education Cybersecurity 111

Data Matters

FEBRUARY 25, 2022

Sidley and OneTrust DataGuidance are pleased to announce that registration is now open for their annual Data Protection in Financial Services (DPFS) Week. Join us from February 28 – March 3 for DPFS Week 2022 , a series of webinars looking at the impacts of data privacy across the financial sector. have impacted financial services.

Financial Services 103

Financial Services Privacy Data Privacy Cybersecurity 103

Security Affairs

OCTOBER 1, 2023

Experts warn that the recent attack on building automation giant Johnson Controls may have exposed data of the Department of Homeland Security (DHS). The threat actors also claim to have stolen over 27 TB of corporate data and encrypted the company’s VMWare ESXi virtual machines during the attack.” reported Bleeping Computer.

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Ransomware Insurance Cybersecurity Encryption 128

Thales Cloud Protection & Licensing

NOVEMBER 15, 2023

Ready for Take-off: Rising Above Airport Cybersecurity Challenges sparsh Thu, 11/16/2023 - 04:52 Aviation is a fast-paced world, with airports around the globe serving billions of passengers annually. ICAO , IATA, and EASA have all published comprehensive, mandatory cybersecurity guidelines.

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Cybersecurity Authentication Access Compliance 87

Hunton Privacy

AUGUST 2, 2021

Connecticut recently passed two cybersecurity laws that will become effective on October 1, 2021. On June 16, 2021, Connecticut Governor Ned Lamont signed HB 5310, An Act Concerning Data Privacy Breaches. Cybersecurity Safe Harbor (HB 6607). New Breach Notification Requirements (HB 5310).

Cybersecurity 87

Cybersecurity Insurance Military Data Privacy 87

The Last Watchdog

MARCH 20, 2023

Cybersecurity specialists here at Digital Forensics have built up a store of knowledge tracking criminal patterns while deploying countermeasures on behalf of our clients. Exploitation drivers From the case of Hegestratos committing insurance fraud by sinking a ship in 300 B.C.,

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Cybersecurity Education Insurance Data breaches 214

Getting Information Done

APRIL 18, 2017

Cybersecurity is a strategic priority for most organizations. Some of these data breaches are not only a result of internal malicious acts but also unintentional mistakes by employees. If most agree that they will likely experience a data breach, then this attention to the perimeter only addresses a portion of the risk.

Government 53

Government Cybersecurity Insurance Information governance 53

Adam Levin

JUNE 25, 2018

South Carolina became the first state to pass a law requiring all insurance entities to create and maintain a cybersecurity and data breach response program. . The law itself was drafted by the National Association of Insurance Commissioners’ Cybersecurity Working Group, and was adapted from a similar proposal in New York.

Insurance 40

Insurance Cybersecurity Data breaches Government 40

eSecurity Planet

SEPTEMBER 14, 2022

A major focus of cybersecurity as an industry is its efforts to detect, root out, and respond to potential fraudsters attempting to trick companies and people out of their money, data, or both. However, the technological side of cybersecurity is no longer the weakest link in a company’s proverbial chain. since Q3 of 2007.

Energy and Utilities 118

Energy and Utilities Phishing Blockchain Cybersecurity 118

IT Governance

NOVEMBER 6, 2023

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. When MOVEit was hacked by the Russian Cl0p ransomware gang in May, email addresses and links to government employee surveys were compromised.

Data Privacy 97

Data Privacy Privacy Libraries Security 97

eSecurity Planet

AUGUST 9, 2022

Regulatory compliance and data privacy issues have long been an IT security nightmare. And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. GDPR-style data privacy laws came to the U.S. PIPL Raises the Bar – And the Stakes.

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Data Privacy Compliance Privacy Security 142

The Last Watchdog

OCTOBER 5, 2023

Editor’s note: I recently had the chance to participate in a discussion about the overall state of privacy and cybersecurity with Erin Kapczynski, OneRep’s senior vice president of B2B marketing. How did you first get interested in cybersecurity as a career? Erin: So, let’s get started. What drew you to this field?

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Cybersecurity Privacy Cloud IoT 203

Data Matters

AUGUST 30, 2021

Securities and Exchange Commission signaled its continued, high level scrutiny of companies’ public statements related to data security incidents. Securities and Exchange Commission signaled its continued, high level scrutiny of companies’ public statements related to data security incidents.

Cybersecurity 97

Cybersecurity Risk Data Privacy Passwords 97

Hunton Privacy

FEBRUARY 11, 2022

On February 9, 2022, the SEC proposed new cybersecurity compliance and disclosure rules for the investment management industry in a three to one vote. Notably, the proposal would require RIAs to notify the SEC on a confidential basis within 48 hours of discovering a significant cybersecurity incident. Risk Management Rules.

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Cybersecurity Risk Access Insurance 102

Data Matters

MARCH 26, 2020

cybersecurity and cyber risk insurance issues. The COVID-19 global pandemic presents unique legal and practical challenges for companies across all industries, including with respect to cybersecurity risks and protections. Vishnu Shankar – Senior Associate, Privacy and Cybersecurity, Sidley Austin LLP, London.

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Cybersecurity Insurance Risk Privacy 74

IT Governance

NOVEMBER 1, 2022

Welcome to our October 2022 review of data breaches and cyber attacks. By contrast, comparatively little personal data was breached, with our figures confirming that at least 9,990,855 records were compromised. For now, it’s unclear what damage the data could cause if exposed, so we’ve omitted the figure from our tally.

Data breaches 111

Data breaches Ransomware Insurance Phishing 111

The Last Watchdog

SEPTEMBER 14, 2018

Years of data disappeared. The attack also brought cybersecurity to the local level. It’s easy to think of it as a problem the federal government must address or something that enterprises deal with, but cybersecurity has to be addressed closer to home, as well. Police departments had to handwrite reports. I spoke to A.N.

Government 147

Government Digital transformation Mining Insurance 147

Security Affairs

AUGUST 17, 2021

Colonial Pipeline discloses a data breach of the personal information of thousands of individuals after the ransomware attack that took place in May 2021. The Colonial Pipeline facility in Pelham, Alabama was hit by a cybersecurity attack, its operators were forced to shut down its systems. SecurityAffairs – hacking, data breach).

Data breaches 107

Data breaches Ransomware Military Insurance 107

IT Governance

OCTOBER 24, 2023

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 City of Philadelphia discloses data breach after five months Date of breach: 24 May 2023 ( notice issued 20 October 2023).

Data Privacy 107

Data Privacy Privacy Security Data breaches 107

Data Matters

FEBRUARY 10, 2022

Securities and Exchange Commission (SEC), announced that he has asked SEC staff to provide sweeping rulemaking recommendations to modernize and expand the agency’s rules relating to cybersecurity. These SEC rules could broadly affect cybersecurity requirements across the U.S. Public Companies and Service Providers.

Cybersecurity 88

Cybersecurity Marketing Risk Compliance 88

Data Matters

JANUARY 8, 2019

Department of Health and Human Services (HHS) released a four-volume cybersecurity guidance document for healthcare organizations. The publication, “ Health Industry Cybersecurity Practices: Managing Threats and Protecting Patients ” (HICP), is the result of a government and industry collaboration mandated by the Cybersecurity Act of 2015.

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Cybersecurity Insurance Phishing Government 74