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?

Risk 144

Risk Cybersecurity Encryption Access 144

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

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?

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

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

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

Data Matters

MARCH 28, 2022

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques. On March 17, 2022, the U.S.

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

Hunton Privacy

JULY 24, 2020

On Wednesday, July 22, the New York Department of Financial Services (the “NYDFS”) announced that it had filed administrative charges against First American Title Insurance Co. under the NYDFS Cybersecurity Regulation , marking the agency’s first enforcement action since the rules went into effect in March 2017. NYCRR 500.14(b):

Cybersecurity 85

Cybersecurity Risk Financial Services Insurance 85

Thales Cloud Protection & Licensing

OCTOBER 5, 2022

Global October Cybersecurity Events: Where You Can Find Thales. The summer is now over, and October is a month full of cybersecurity events for Thales around the world. On 26 October , we co-host a workshop on cybersecurity insurance with Infinigate. Thu, 10/06/2022 - 06:55. GITEX GLOBAL, 10-14 October, Dubai.

Cybersecurity 87

Cybersecurity Cloud Digital transformation Sales 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.,

Cybersecurity 214

Cybersecurity Education Insurance Data breaches 214

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

KnowBe4

AUGUST 24, 2022

It's great budget ammo for security awareness training. You saw the title and are reading this, so I think you agree. Here is s short extract and I recommend you reading the whole article, link is below.

Insurance 77

Insurance Security awareness Cybersecurity Security 77

Data Matters

APRIL 20, 2021

There just may be a new cybersecurity regulator in town. Department of Labor (DOL) published its first cybersecurity guidance last week ( Cybersecurity Guidance ). The Cybersecurity Guidance is set forth in three parts: Tips for Hiring a Service Provider , directed toward plan sponsors and fiduciaries.

Cybersecurity 68

Cybersecurity Insurance Risk Compliance 68

eSecurity Planet

OCTOBER 18, 2022

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. Assessing AI and Security Training.

IT 123

IT Security Cybersecurity Marketing 123

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

JUNE 24, 2021

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. This resolution highlights the SEC’s continued focus on cybersecurity.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

eSecurity Planet

JULY 12, 2022

As we didn’t have a comprehensive cybersecurity plan in place, the attack brought the entire business to its knees.”. Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Most had been infected.

Ransomware 144

Ransomware Insurance Cybersecurity Passwords 144

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

KnowBe4

MARCH 28, 2023

A leader tasked with cybersecurity can get ahead of the game by understanding where we are in the story of machine learning (ML) as a hacking tool," Tyson writes. "At At present, the most important area of relevance around AI for cybersecurity is content generation. Security awareness training still has a place to play here."

Phishing 89

Phishing Security awareness Insurance Cybersecurity 89

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. This made a lot of sense, especially in the earlier days of the Internet where cybersecurity measures were nowhere near as robust as they are today.

Energy and Utilities 120

Energy and Utilities Phishing Blockchain Cybersecurity 120

Hunton Privacy

FEBRUARY 29, 2024

Submit its training materials to HHS for approval and provide appropriate training to the workforce within 30 days of HHS approval. Distribute policies and procedures to the workforce and collect compliance certifications from all members. Investigate all likely policy violations.

Ransomware 111

Ransomware Personal data Risk Privacy 111

The Last Watchdog

JUNE 9, 2022

And, let’s be honest , the deceptive writing phishing assaults and other cyber threats today employ are skilled enough to fool even the most trained, internet-savvy experts. These scams take advantage of seniors’ lack of computer and cybersecurity knowledge. Ever present threats.

Privacy 274

Privacy Security Phishing Insurance 274

eSecurity Planet

OCTOBER 5, 2021

Cyber Insurance companies used to simply provide lists of potential vendors approved by the insurer, but with the rising costs of breaches, insurers need to control costs. ISACA’s State of Cybersecurity 2021 report noted that 55% of respondents cannot fill all of their open cybersecurity positions.

Ransomware 139

Ransomware Insurance Cleanup Cybersecurity 139

The Last Watchdog

AUGUST 12, 2019

New SMB security solution Unfortunately, most cybersecurity firms focus their attention on large organizations and corporations that can afford to pay their fees – leaving SMBs even more vulnerable to potential cyber criminals. The most important aspect of devising a solution is to have a good understanding of how the business operates.

Cybersecurity 147

Cybersecurity Risk Insurance Government 147

Getting Information Done

APRIL 18, 2017

Cybersecurity is a strategic priority for most organizations. We’ve all heard for years that information technology (IT) and cybersecurity require people, process, and technology; however, over the years, “people” and “process” have not received the same attention as “technology.” As a result, companies are turning to cyber insurance.

Government 53

Government Cybersecurity Insurance Information governance 53

eSecurity Planet

JUNE 16, 2022

However, basic cybersecurity tools and practices, like patching , strong passwords , and multi-factor authentication (MFA), “can prevent 80 to 90% of cyberattacks,” said Anne Neuberger, deputy national security advisor for cyber and emerging technologies, during a White House press conference in Sept. The average cost of a breach is $3.6

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

IBM Big Data Hub

FEBRUARY 14, 2024

But right now, pure AI can be programmed for many tasks that require thought and intelligence , as long as that intelligence can be gathered digitally and used to train an AI system. Generative AI can produce high-quality text, images and other content based on the data used for training. We’re all amazed by what AI can do.

Artificial Intelligence 88

Artificial Intelligence Retail Unstructured data Insurance 88

Data Matters

AUGUST 27, 2018

Companies subject to New York’s Cybersecurity Regulation are acting quickly to finalize their compliance obligations as the fifth “due date,” September 4, 2018, quickly approaches. The NYDFS Cybersecurity Regulation (published at 23 NYCRR 500.01) sets forth the minimum requirements for NYDFS-regulated entities to address cybersecurity risks.

Cybersecurity 60

Cybersecurity Compliance Encryption Risk 60

Data Protection Report

DECEMBER 8, 2022

Norton Rose Fulbright Canada’s cyber litigation team recently obtained an order in favour of an insurer, granting it relief from forfeiture in respect of more than 11 bitcoins from the assets seized from a prolific ransomware gang. [1] Insurers excluded from restitution order.

Ransomware 98

Ransomware Insurance IT Data breaches 98

eSecurity Planet

APRIL 29, 2024

The 911 call center needs a robust phone system, trained staff, and a decision-tree process to understand how to route issues to the appropriate emergency or non-emergency agencies to address a caller’s needs. An effective IRM provides organization-wide reports to inform employee training and to help foster a risk-aware culture.

Risk 67

Risk Compliance Communications Insurance 67

Data Matters

SEPTEMBER 20, 2021

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

Insurance 88

Insurance e-Delivery Paper Sales 88

The Last Watchdog

OCTOBER 29, 2018

The United States has experienced the most cybersecurity breaches in the world and the Equifax Breach was one of the first to be considered a “mega breach.”. In fact, recent research reveals that about 60% of information security stakeholders have an IT background, but about the same amount lack formal technical training[1].

Security 164

Security Data Privacy Privacy Data breaches 164

Hunton Privacy

OCTOBER 25, 2022

The compromised data included contact details, national insurance numbers and bank account details, as well as special category data, including ethnic origin, religion, details of any disabilities, sexual orientation and health information.

Security 97

Security Personal data GDPR Insurance 97

Security Affairs

AUGUST 25, 2021

The new backdoor was spotted by researchers from cybersecurity firm Bitdefender, it was discovered while investigating an unsuccessful attack carried out by FIN8 aimed at an unnamed financial institution in the U.S. The group focuses on organizations in the insurance, retail, technology, and chemical industries in the U.S.,

Retail 126

Retail Insurance Cybersecurity Phishing 126

Hunton Privacy

APRIL 27, 2017

Earlier this month, the New York State Department of Financial Services (“NYDFS”) recently published FAQs and key dates for its cybersecurity regulation (the “NYDFS Regulation”) for financial institutions that became effective on March 1, 2017. March 1, 2018 – the one year transitional period ends.

Cybersecurity 53

Cybersecurity Compliance Financial Services Insurance 53

CGI

DECEMBER 7, 2017

Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). In my previous blog , I introduced findings from in-person interviews CGI held in 2017 with more than 1,300 client executives across 17 countries, including insurance business and IT executives. Protect through cybersecurity (65%).

Insurance 40

Insurance Digital transformation Artificial Intelligence GDPR 40

CGI

DECEMBER 5, 2017

Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). In my previous blog , I introduced findings from in-person interviews CGI held in 2017 with more than 1,300 client executives across 17 countries, including insurance business and IT executives. Protect through cybersecurity (65%).

Insurance 40

Insurance Digital transformation Artificial Intelligence GDPR 40

Data Matters

AUGUST 5, 2019

Furthermore, although entities that already comply with the breach notification requirements under certain state or federal laws (such as the Health Insurance Portability and Accountability Act (HIPAA), the New York Department of Financial Services cybersecurity regulations (23 N.Y.C.R.R.

Cybersecurity 68

Cybersecurity Data breaches Privacy Risk 68