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What Is Integrated Risk Management? Definition & Implementation

eSecurity Planet

For example, the Health Insurance Portability and Accountability Act (HIPAA) regulates personal health information and imposes fines for data breach or data inaccessibility. IRM accounts for HIPAA data by tracking associated repositories, transmissions, and systems, as well as increasing risks with HIPAA fine estimates.

Risk 67
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Connecticut Tightens its Data Breach Notification Laws

Data Protection Report

Effective October 1, 2021, an amendment [1] to the Connecticut General Statute concerning data privacy breaches, Section 36a-701b, will impact notification obligations in several significant ways. Expanded Definition of “Personal Information”.

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Data Breaches and Cyber Attacks in October 2023 – 867,072,315 Records Breached

IT Governance

867,072,315 records known to be breached. Introducing our Data Breach Dashboard We’re excited to introduce our new monthly Data Breach Dashboard – a one-page overview of this month’s key findings that you can download for free. Of these incidents, 75% definitely involved data exfiltration.

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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

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
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Ohio Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law

Data Matters

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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Connecticut Strengthens Data Breach Notification Requirements and the Uniform Law Commission Approves and Recommends Comprehensive and Uniform State Privacy Legislation

Data Matters

As stated in the Attorney Generals Press Release, the Act includes provisions on notification of data breaches to impacted individuals and regulators and changes the former notification deadline for “individuals and the Office of the Attorney General…from 90 days to 60 days, which is in line with recent amendments passed in other states.”.

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Michigan Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law

Data Matters

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. 6491 (Act). MCL § 500.550.