Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. In the last 20+ years, cybersecurity insurance has added risk transference to the available palette of palliative choices. I recently spoke with Neira Jones and Danna Bethlehem about how cybersecurity insurance can work to help an organization.

Insurance 71

Insurance Cybersecurity Cleanup Ransomware 71

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. If your company has not already experienced a significant cybersecurity event, it is probably only a matter of time before it does. However, a good cyber insurance provider can also leverage their partnerships to help your company afford better security controls.

Insurance 114

Insurance Ransomware Cybersecurity Marketing 114

Data Protection Report

MARCH 21, 2023

2] In this context, the Directorate General of the French Treasury has put forward a plan of action with a view to clarifying the cyber-insurance legal framework, better gauging cyber-risks, and enhancing companies’ awareness as regards cyber-risks. 12-10-1 into the French Insurance code. However, in the end, Article L.12-10-1

Insurance 105

Insurance Data breaches Personal data GDPR 105

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

Data Breach Today

OCTOBER 31, 2019

Beazley's Mark Singer Demystifies the Growing Industry It's one thing to plan for a cybersecurity incident, but quite another to have proper insurance coverage to prepare for such an event. Mark Singer of Beazley shares an overview of the cyber insurance myths and realities.

Insurance 101

Insurance Cybersecurity IT 101

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.

Insurance 128

Insurance Ransomware Risk Data science 128

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. The events of the past two years have made this shift clear: from ransomware attacks to the challenges of managing distributed workforces, digital risk is different. When security fails, cyber insurance can become crucial for ensuring continuity.

Insurance 79

Insurance Risk Cybersecurity Ransomware 79

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. And while organizations are taking steps to protect against cyber attacks, cybersecurity controls are not impenetrable. Cyber risk insurance covers the costs of recovering from a security breach, a virus, or a cyber-attack.

Insurance 77

Insurance Authentication Risk Ransomware 77

eSecurity Planet

MAY 2, 2024

The 2023 vendor surveys arriving this quarter paint a picture of a cybersecurity landscape under attack, with priority issues affecting deployment, alert response, and exposed vulnerabilities. This article details two major findings from the report: five major cybersecurity threats and prioritization problems.

Cybersecurity 93

Cybersecurity Ransomware Passwords Cloud 93

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

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.”. 3965.09.

Insurance 68

Insurance Security Cybersecurity Data breaches 68

Hunton Privacy

AUGUST 6, 2019

On August 2, 2019, New Hampshire Governor Chris Sununu signed into law SB 194 (the “Bill”), which requires insurers licensed in the state (“licensees”) to put in place data security programs and report cybersecurity events. The state insurance commissioner may take “necessary or appropriate” action to enforce the new law.

Insurance 81

Insurance Security Cybersecurity Information Security 81

Data Matters

FEBRUARY 11, 2019

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. Exclusive State Cybersecurity Standards.

Insurance 68

Insurance Security Cybersecurity FOIA 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. Kentucky Governor Andy Beshear signed House Bill 474 into law, and Maryland Governor Larry Hogan signed SB 207.

Insurance 103

Insurance Security Cybersecurity Information Security 103

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

Schneier on Security

APRIL 12, 2018

Good article about how difficult it is to insure an organization against Internet attacks, and how expensive the insurance is. In my new book -- out in September -- I write: There are challenges to creating these new insurance products. There are two basic models for insurance.

Insurance 48

Insurance Cybersecurity Data breaches Retail 48

The Last Watchdog

APRIL 8, 2024

Related: The ‘cyber’ case for D&O insurance Vanessa Pegueros knows this all too well. She noted that most board members are non-technical, especially when it comes to the intricate nuances of cybersecurity, and that their decision-making is primarily driven by concerns about revenue and costs.

Compliance 210

Compliance Cybersecurity Risk Mining 210

OpenText Information Management

MARCH 21, 2024

This event underscored the interconnectedness of our healthcare infrastructure and its susceptibility to cyber threats, causing widespread operational and financial strain. A United Call to Strengthen Cybersecurity The cyberattack spotlighted the critical need for a fortified cybersecurity framework within the healthcare sector.

Cybersecurity 62

Cybersecurity Paper Ransomware Government 62

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. .”

Cybersecurity 117

Cybersecurity Government Manufacturing Personal data 117

Data Protection Report

APRIL 22, 2021

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. NSC), relating to violations of three different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2020. NYDFS Cybersecurity Regulation.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

Data Protection Report

JANUARY 4, 2024

For those making this quiz a competitive event, we have included a tie-breaker/bonus question.) a. Automated Decision-Making Technology b. Cybersecurity Audits c. Tennessee and Wisconsin Answers: 1. See SEC, Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure, 88 Fed.

Privacy 110

Privacy Cybersecurity Artificial Intelligence e-Discovery 110

Data Protection Report

NOVEMBER 9, 2022

Below we list key considerations to keep in mind when onboarding vendors in order to mitigate against vendor cybersecurity incidents that could impact an organization’s operations, revenue, legal risks and reputation in the marketplace. Costs incurred in responding to a cybersecurity incident can be astronomical. Concluding Remarks.

Risk 117

Risk Cybersecurity Insurance Data breaches 117

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

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.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

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.

Cybersecurity 102

Cybersecurity Risk Access Insurance 102

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

The Last Watchdog

OCTOBER 5, 2023

. “This financial awareness is especially crucial when searching for potentially material incidents and justifying cybersecurity initiatives to the board,” says Yakir Golan, Kovrr CEO. Granular Insights While the Fortune 1000 Cyber Risk Report offers invaluable industry comparisons, it should be seen as a foundational resource.

Retail 100

Retail Risk Data breaches Mining 100

Data Protection Report

JANUARY 30, 2023

educational enrollment or opportunity; e. employment opportunities; f. financial or lending services; g. health-care services; h. housing; or i. insurance. to report this event to the Department within 72 hours of its being discovered.”) 7. a (Yes). 8. b.

Privacy 114

Privacy Cybersecurity Personal data Insurance 114

Hunton Privacy

NOVEMBER 27, 2017

Whether the issue is prevention or risk mitigation, cybersecurity should be at the top of the corporate agenda. As discussed at the event and in the article, Sotto explained that “the cyber environment has just exploded…We could not have predicted this five years ago. It is now recognized as a basic risk issue by every company.”

Insurance 45

Insurance Privacy Cybersecurity Risk 45

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.

Cybersecurity 87

Cybersecurity Authentication Access Compliance 87

Adam Levin

MARCH 26, 2020

Cyber insurance is still evolving, and as such you can still get good deals even if your cybersecurity is not completely up to snuff. Catastrophe indeed seems like the right word to describe these cyber events. User behavior has been and will continue to be the biggest barrier to effective cybersecurity. billion people.

Insurance 84

Insurance Passwords Cloud Risk 84

The Last Watchdog

MARCH 13, 2023

CISOs should not allow their board or executive team to continue believing that cybersecurity exists solely as a cost center. Ultimately, cybersecurity can become a profit center when customers, insurers, and regulators require it. Demonstrate secure practices to customers.

Security 203

Security Insurance Cybersecurity Customer Experience 203

HL Chronicle of Data Protection

FEBRUARY 25, 2020

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the effective date of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act or Act).

Cybersecurity 104

Cybersecurity Financial Services Data breaches Insurance 104

eSecurity Planet

JANUARY 11, 2022

Information security products , services, and professionals have never been in higher demand, making for a world of opportunities for cybersecurity startups. Investors recognize the potential too, as funding for cybersecurity ventures more than doubled from previous years to almost $22 billion in 2021. Top 10 Cybersecurity Startups.

Cybersecurity 142

Cybersecurity Cloud Compliance Analytics 142

eSecurity Planet

AUGUST 27, 2021

Some of the biggest names in tech are promising to spend more than $30 billion to bolster cybersecurity capabilities, from securing the supply chain and expanding the adoption of the zero trust model to growing the talent pool , ramping up security awareness and revamping parts of the National Institute of Standards and Technology (NIST) framework.

Cybersecurity 117

Cybersecurity Education Authentication Security awareness 117

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

Hunton Privacy

OCTOBER 10, 2018

As reported on the Insurance Recovery Blog , Hunton Andrews Kurth insurance practice head Walter Andrews recently commented to the Global Data Review regarding the infirmities underlying an Orlando, Florida federal district court’s ruling that an insurer does not have to defend its insured for damage caused by a third-party data breach.

Insurance 57

Insurance Data breaches IT Cybersecurity 57