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What Is Integrated Risk Management? Definition & Implementation

eSecurity Planet

Integrated risk management (IRM) is a discipline designed to embed risk considerations for the use of technology throughout an organization. In other words, it links technology spending directly to the value of the resource protected and the associated risks controlled by that technology.

Risk 64
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Is Artificial Intelligence relevant to insurance?

IBM Big Data Hub

In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. Continued advancement in AI development has resulted today in a definition of AI which has several categories and characteristics. Generative AI is artificial intelligence that can create new content.

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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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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. The changes are effective December 31, 2021.

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Security Compliance & Data Privacy Regulations

eSecurity Planet

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. See the Top Governance, Risk and Compliance (GRC) Tools. Relatedly, PIPL outlines some categories of sensitive information that do not receive additional protection under GDPR.

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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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The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

Definition and Purpose of a Records Retention Schedule. These records are typically organized by grouping them by function or department and then described as either an individual record or grouped together into a record category. 8 This is the GDPR definition and other countries have similar broad definitions of personal data.