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NYDFS issues significant guidance on insurers using AI or external data

Data Protection Report

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing. Actual Actuarial Validity.

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Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.

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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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6 best practices for a data governance strategy

Collibra

Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. What are data governance best practices?

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Top 6 Best Practices for Data Governance

Collibra

Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. Focus on the operating model.

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The benefits of a flexible operating model in data governance

Collibra

Data governance is the essential foundation for organizations looking to create business value from data. Setting up effective data governance, however, can be quite challenging. What is an operating model in data governance? The operating model is the basis for any data governance program. Operating model example.

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We Infiltrated a Counterfeit Check Ring! Now What?

Krebs on Security

One fraud-fighting group is intercepting hundreds to thousands of these per day. For the past year, BWare has maintained contact with an insider from the criminal group that’s been sending daily lists of would-be victims who are to receive counterfeit checks printed using the real bank account information of legitimate companies.

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