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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

Valuation of Securities (E) Task Force Adopts an Amendment to the Purposes and Procedures Manual to Add Instructions for Review of Funds. The P&P Manual currently grants the NAIC’s Securities Valuation Office (SVO) discretion when determining whether a fund’s use of derivatives is consistent with a fixed income-like security (i.e.,

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The Week in Cyber Security and Data Privacy: 4 – 10 March 2024

IT Governance

Only 3 definitely haven’t had data breached. Source (New) Retail Italy Yes 436,932 Toner-dumping.de Source (New) Transport USA Yes 3,815 Okta Source 1 ; source 2 (Update) Cyber security USA Yes 3,800 Shah Dixit & Associates, P.C. 92 of them are known to have had data exfiltrated, exposed or otherwise breached.

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The Good, Bad, And The Ugly: Key Takeaways From California’s New Privacy Law

Privacy and Cybersecurity Law

California law also requires businesses that suffer a breach of security to disclose the breach to consumers, and in some instances law enforcement, if sensitive information is compromised. The CCPA’s definition of “consumer” is equally broad. This definition therefore not only encompasses a “consumer” in the traditional sense (i.e.,

Privacy 58
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The Week in Cyber Security and Data Privacy: 15 – 21 January 2024

IT Governance

Publicly disclosed data breaches and cyber attacks: in the spotlight More than 70 million email addresses added to Have I Been Pwned The security researcher Troy Hunt has added more than 70 million email addresses from the Naz.API data set to his Have I Been Pwned data breach notification service. Only 1 definitely hasn’t had data breached.

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The Week in Cyber Security and Data Privacy: 26 February – 3 March 2024

IT Governance

Only 5 definitely haven’t had data breached. Source (New) Engineering Japan Yes >5 TB Array Networks Source (New) Cyber security USA Yes 2.5 TB LDLC Source (New) Retail France Yes 1,500,000 APROA Source (New) Professional services Argentina Yes 1,197,562 Petrus Resources Ltd. Organisation(s) Sector Location Data breached?

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The Weeks in Cyber Security and Data Privacy: 18 – 31 December 2023

IT Governance

billion records The security researcher Jeremiah Fowler discovered an unprotected database exposing more than 1.5 Fowler contacted the company, which secured the database. The security researcher Bob Diachenko identified the leak in September and contacted TuneFab, which fixed the misconfiguration within 24 hours.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The Annuity Suitability Working Group (ASWG) led the NAIC’s multi-year efforts to develop revisions to the Suitability in Annuity Transactions Model Regulation (SAT) to incorporate a requirement for producers to act in the “best interest” of a retail customer when making a recommendation of an annuity. principal-protected securities (PPS)).