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Group-IB and CryptoIns introduce the world’s first insurance against cyber threats for cryptocurrency exchanges

Security Affairs

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

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Regulatory Update: NAIC Fall 2018 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. systemic risk of insurers with other parts of the financial system, notably the banking.

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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

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.

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US banking regulators propose a rule for 36-hour notice of breach

Data Protection Report

For more information, please see our white paper. The agencies invite comments on specific examples of computer-security incidents that should, or should not, constitute notification incidents. The comment period will commence upon publication in the Federal Register and extend for 90 days.

Insurance 141
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Preparing for Ransomware: Are Backups Enough?

eSecurity Planet

Backups are a critical component of any enterprise cybersecurity posture, but they are not an airtight strategy. Considering these costs, the Sophos State of Ransomware white paper reported the average cost to recover from a ransomware attack had doubled to $1.85 million within the last year. Data Exfiltration.

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CyberheistNews Vol 13 #07 [Scam of the Week] The Turkey-Syria Earthquake

KnowBe4

Blog post with links: [link] [NEW WHITE PAPER] 10 Tips to Run a Successful Compliance Training Program Has compliance training been a continuous challenge to get right? By Javvad Malik Insurance provider Hiscox has published its fifth annual cyber readiness report, which has some eye-opening statistics. You're not alone.

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An Approach to Cybersecurity Risk Oversight for Corporate Directors

Data Matters

Recent guidance from the Securities and Exchange Commission (SEC) on disclosure and enforcement actions by the Federal Trade Commission (FTC) make clear that cybersecurity is no longer a niche topic, but a concern significant enough to warrant the oversight of corporate boards of directors. Adopting the NIST Cybersecurity Framework.