The Last Watchdog

JULY 30, 2018

One sliver of the $90 billion, or so, companies are expected to spend this year on cybersecurity products and services is an estimated $85 million they will shell out for encrypted flash drives. We discussed why encrypted flash drives have become established as a must-have portable business tool in the digital age. Park: Exactly.

Encryption 190

Encryption Military Passwords Authentication 190

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.”.

Insurance 68

Insurance Security Cybersecurity Data breaches 68

Thales Cloud Protection & Licensing

APRIL 1, 2021

Protecting Sensitive Data with Luna Key Broker for Microsoft Double Key Encryption. Today’s remote working environment relies heavily on the collaborative sharing of information, challenging organizations to maintain the security of confidential data and regulatory compliance while driving employee productivity.

Encryption 79

Encryption Compliance Cloud GDPR 79

Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. For many years, organizations had limited options for addressing data protection risks. In the last 20+ years, cybersecurity insurance has added risk transference to the available palette of palliative choices. The function of cybersecurity insurance.

Insurance 71

Insurance Cybersecurity Cleanup Ransomware 71

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. 6491 (Act). MCL § 500.550.

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. The post Kentucky and Maryland Recently Joined Other States in Adopting NAIC Model Data Security Law.

Insurance 103

Insurance Security Cybersecurity Information Security 103

eSecurity Planet

AUGUST 9, 2022

Regulatory compliance and data privacy issues have long been an IT security nightmare. And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. GDPR-style data privacy laws came to the U.S. Healthcare Data Privacy Laws.

Data Privacy 137

Data Privacy Compliance Privacy Security 137

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.

Insurance 60

Insurance Security Cybersecurity Data breaches 60

eSecurity Planet

OCTOBER 18, 2022

For any organization struck by ransomware , business leaders always ask “how do we decrypt the data ASAP, so we can get back in business?”. The best defense and the best option for recovery will always be the availability of sufficient, isolated data backups and a practiced restoration process. How Does Ransomware Encryption Work?

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Ransomware Encryption Insurance Access 129

Security Affairs

OCTOBER 1, 2023

Experts warn that the recent attack on building automation giant Johnson Controls may have exposed data of the Department of Homeland Security (DHS). The threat actors also claim to have stolen over 27 TB of corporate data and encrypted the company’s VMWare ESXi virtual machines during the attack.” reported Bleeping Computer.

Ransomware 134

Ransomware Insurance Cybersecurity Encryption 134

Hunton Privacy

JANUARY 2, 2019

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.

Insurance 77

Insurance Cybersecurity Data breaches Encryption 77

Security Affairs

JANUARY 23, 2024

The Black Basta ransomware group added Southern Water to the list of victims on its Tor data leak site and threatened to leak the stolen data on February 29, 2024. A joint research by Elliptic and Corvus Insurance revealed that the group accumulated at least $107 million in Bitcoin ransom payments since early 2022.

Encryption 128

Encryption Ransomware Blockchain Insurance 128

Krebs on Security

JULY 19, 2021

Browse the comments on virtually any story about a ransomware attack and you will almost surely encounter the view that the victim organization could have avoided paying their extortionists if only they’d had proper data backups. We have backups, the data is there, but the application to actually do the restoration is encrypted.’

Ransomware 338

Ransomware Encryption Insurance Cybersecurity 338

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

Security Affairs

JANUARY 2, 2024

A team of researchers released a suite of tools that could help victims to decrypt data encrypted with by the Black Basta ransomware. Independent security research and consulting team SRLabs discovered a vulnerability in Black Basta ransomware’s encryption algorithm and exploited it to create a free decryptor.

Ransomware 121

Ransomware Encryption Blockchain Insurance 121

IT Governance

JULY 15, 2019

Cyber insurance is big business these days. With the ever-present danger of data breaches and cyber attacks, organisations must be sure that they have the financial backing to respond appropriately. The most common reasons that insurers reject cyber insurance claims are organisations’ failure to. Protect data in transit.

Insurance 89

Insurance Data breaches Risk Information Security 89

IT Governance

OCTOBER 24, 2023

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Publicly disclosed data breaches and cyber attacks City of Philadelphia discloses data breach after five months Date of breach: 24 May 2023 ( notice issued 20 October 2023).

Data Privacy 107

Data Privacy Privacy Security Data breaches 107

Data Protection Report

FEBRUARY 27, 2020

Given the level of interest in the case, we have prepared a deeper-dive into the facts and the implications of the decision, with a focus on the important role played in the case by cyber insurance. Until recently, there had not been an example of a cyber insurer actively participating in a recovery action. This is set out below.

Insurance 81

Insurance Risk Data breaches Personal data 81

Krebs on Security

DECEMBER 8, 2022

First spotted in mid-August 2022 , Venus is known for hacking into victims’ publicly-exposed Remote Desktop services to encrypt Windows devices. Using hard-to-crack unique passwords to protect sensitive data and accounts, as well as enabling multi-factor authentication. Encrypting sensitive data wherever possible.

Ransomware 250

Ransomware Metadata Insurance Encryption 250

IT Governance

NOVEMBER 13, 2023

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. The data included shoppers’ names, email addresses, phone numbers, countries of residence and membership numbers.

Data Privacy 85

Data Privacy Privacy Security Data breaches 85

Thales Cloud Protection & Licensing

JANUARY 16, 2024

That includes banks, insurances, payment institutions, stock market, and many financial management firms (trading, crypt-assets, etc). Key Management System (KMS) are “dedicated control systems” that protect cryptographic keys, define role-based access controls and policies, and enforce them by mean of encryption.

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

Hunton Privacy

JULY 1, 2022

In its consent order , the Department noted that the cybersecurity events had caused the exposure of a substantial amount of sensitive personal data belonging to Carnival’s customers, including those residing in New York. NYDFS also found that Carnival had failed to implement basic protocols to prevent data breaches.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

IT Governance

NOVEMBER 1, 2022

Welcome to our October 2022 review of data breaches and cyber attacks. By contrast, comparatively little personal data was breached, with our figures confirming that at least 9,990,855 records were compromised. For now, it’s unclear what damage the data could cause if exposed, so we’ve omitted the figure from our tally.

Data breaches 111

Data breaches Ransomware Insurance Phishing 111

Krebs on Security

FEBRUARY 20, 2024

Instead of listing data stolen from ransomware victims who didn’t pay, LockBit’s victim shaming website now offers free recovery tools, as well as news about arrests and criminal charges involving LockBit affiliates. The DOJ today unsealed indictments against two Russian men alleged to be active members of LockBit.

Ransomware 259

Ransomware Encryption Insurance Manufacturing 259

Thales Cloud Protection & Licensing

JUNE 15, 2023

A Guide to Key Management as a Service madhav Thu, 06/15/2023 - 11:29 As companies adopt a cloud-first strategy and high-profile breaches hit the headlines, securing sensitive data has become a paramount business concern. The most effective way to ensure data security is through encryption and proper key management.

Encryption 133

Encryption Compliance Cloud Authentication 133

Thales Cloud Protection & Licensing

DECEMBER 22, 2020

Cross-Border Data Privacy and Security Concerns in the Dawn of Quantum Computing. New EU restrictions could force companies to change data transfer practices and adopt more advanced data encryption methods. In recent years, costly breaches and evolving data security concerns have bubbled up to a board level agenda item.

Data Privacy 118

Data Privacy Privacy Security Encryption 118

Krebs on Security

DECEMBER 7, 2019

based Complete Technology Solutions (CTS), was hacked, allowing a potent strain of ransomware known as “Sodinokibi” or “rEvil” to be installed on computers at more than 100 dentistry businesses that rely on the company for a range of services — including network security, data backup and voice-over-IP phone service.

Ransomware 225

Ransomware IT Insurance Encryption 225

eSecurity Planet

MAY 26, 2023

Confidential computing is a technology and technique that encrypts and stores an organization’s most sensitive data in a secure portion of a computer’s processor — known as the Trusted Execution Environment (TEE) — while it’s processed and in use. How Does Confidential Computing Work?

Encryption 72

Encryption Cloud IoT Blockchain 72

Security Affairs

APRIL 6, 2020

vpnMentor researchers discovered that the popular digital wallet application Key Ring exposed data belonging to millions of users in a huge data leak. Further investigation allowed the experts to discovered other unsecured S3 buckets belonging to the company that were also exposing sensitive data. ” continues the report.

Retail 111

Retail Encryption Insurance Passwords 111

Krebs on Security

MARCH 2, 2021

based PrismHR handles everything from payroll processing and human resources to health insurance and tax forms for hundreds of “professional employer organizations” (PEOs) that serve more than two million employees. Hopkinton, Mass.-based PrismHR has not yet responded to requests for comment.

Ransomware 285

Ransomware Insurance Cloud Encryption 285

Hunton Privacy

OCTOBER 15, 2021

Bruck and the Division of Consumer Affairs announced a settlement with Diamond Institute for Infertility and Menopause, LLC, over a data breach that compromised the personal information of 14,663 patients, including 11,071 New Jersey residents.

Data breaches 103

Data breaches Privacy Insurance Information Security 103

Thales Cloud Protection & Licensing

NOVEMBER 9, 2021

These were just some of the major facets of cloud transformation that are creating challenges for data security that I discussed with Sunil Potti, Vice President and General Manager, Google Cloud in a recent Thales Security Sessions podcast moderated by Neira Jones. These trends are: The massive amount of data produced by organizations.

Cloud 123

Cloud Security Encryption Insurance 123

Thales Cloud Protection & Licensing

MAY 9, 2022

However, even after the Colonial Pipeline attack, less than half of businesses (48%) have a formal ransomware plan according to the 2022 Thales Data Threat Report. In addition, the report found that one in five businesses have paid or would pay a ransom to get their data. Cyber insurance coverage ramps up.

Insurance 71

Insurance Ransomware Encryption Authentication 71

Thales Cloud Protection & Licensing

AUGUST 3, 2021

Protecting Medical Data Against a Cyber-Attack Pandemic. Patient records were always valued by attackers for launching sophisticated insurance fraud schemes, purchasing medical supplies or drugs, or committing other types of fraud including identity theft. Tue, 08/03/2021 - 09:44. Such was the case with the COVID-19 pandemic.

IoT 87

IoT Encryption Cloud Authentication 87

Collibra

JUNE 23, 2023

The ever-growing digitalization of our world has raised significant concerns about data privacy and security, particularly for agencies that manage and process sensitive and confidential information. On the flip side, data brokers pose a significant challenge in this landscape as well. There’s no going back.

Privacy 107

Privacy Government Data Privacy Data breaches 107

Data Matters

FEBRUARY 6, 2019

On December 3, 2018, twelve attorneys general (“AGs”) jointly filed a data breach lawsuit against Medical Informatics Engineering and its subsidiary, NoMoreClipboard LLC (collectively “the Company”), an electronic health records company, in federal district court in Indiana. See Indiana v. Informatics Eng’g, Inc. , 3:18-cv-00969 (N.D.

Data breaches 83

Data breaches Computer and Electronics Security Insurance 83

IT Governance

MARCH 1, 2023

Welcome to our February 2023 list of data breaches and cyber attacks. It follows a mammoth start to the year, with more than 277 million breached records in January , and brings the running total for the year to over 300 million pieces of compromised personal data. You can find the full list of data breaches and cyber attacks below.

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Data breaches Ransomware e-Delivery Government 130