article thumbnail

Cybersecurity Rules for Insurance Companies to Take Effect in South Carolina

Hunton Privacy

New cybersecurity rules for insurance companies licensed in South Carolina are set to take effect in part on January 1, 2019. The new law is the first in the United States to be enacted based on the data security model law drafted by the National Association of Insurance Commissioners.

article thumbnail

U.S. and Foreign Cybersecurity and Intelligence Agencies Recommend Measures to Counteract Threat of Russian Cyberattacks

Data Matters

Like an incident response plan, MFA has become a critical element of cybersecurity programs. Create, Maintain, and Exercise a Cyber Incident Response, Resilience, and Continuity of Operations Plan. An incident response and continuity of operations plan are increasingly common features in a credible cybersecurity program.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Don’t Wanna Pay Ransom Gangs? Test Your Backups.

Krebs on Security

Experts say the biggest reason ransomware targets and/or their insurance providers still pay when they already have reliable backups is that nobody at the victim organization bothered to test in advance how long this data restoration process might take. That’s why tabletop exercises are incredibly important.

article thumbnail

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.

article thumbnail

NSL Podcast Series: Part 3 Betting on a Breach – How to Prepare for the Inevitable

Hunton Privacy

In the final part of our Never Stop Learning podcast series, Lisa Sotto , partner and chair of Hunton Andrews Kurth’s Privacy and Cybersecurity practice, and Eric Friedberg, Co-President of Stroz Friedberg, LLC, and Aon’s Cyber Solutions Group, discuss practical solutions in preparing for a cyber incident. Listen to Part 3 of the podcast.

article thumbnail

(Discussion Recap) A Perfect Storm? Panel Discussion on Handling a Cybersecurity Incident

HL Chronicle of Data Protection

On Tuesday, 3 March 2020, we welcomed our financial services clients in London to a lively panel event, which covered the multitude of issues which arise in a cybersecurity incident. The incident response plan should be tested in tabletop exercises involving the individuals and teams who would be involved in a real-world incident.

article thumbnail

More Than 90% of IT Decision Makers Struggle to Evaluate Security Products

eSecurity Planet

The vast majority of cybersecurity decision makers – 91 percent, in fact – find it difficult to select security products due to unclear marketing, according to the results of a survey of 800 cybersecurity and IT decision makers released today by email security company Egress. Defense-in-depth or Vendor Sprawl?

IT 114