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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion.

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Acuity Who? Attempts and Failures to Attribute 437GB of Breached Data

Troy Hunt

The "datasource" field is another interesting data point with the top 10 values being: Buy.com Popularliving.com studentsreview.com TAGGED.COM jamster.com Expedia.com cbsmarketwatch.com netflix.com selfwealthsystem.com gocollegedegree.com Each of these entries appeared at least hundreds of thousands of times, if not millions.

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“An act of war”: Zurich American refuses to pay out on cyber insurance policy following NotPetya attack

IT Governance

US food giant Mondelez is suing insurance company Zurich American for denying a $100 million (£76 million) claim filed after the NotPetya attack. NotPetya is a Windows-based piece of ransomware that infected organisations across the globe in 2017. Zurich American initially agreed, offering an initial payment of $10 million.

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Regulatory Update: NAIC Spring 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. Other notable revisions include the following: The definition of “Reciprocal Jurisdiction” was broadened to include U.S. This post summarizes the highlights from this meeting.

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Regulatory Update: NAIC Fall 2018 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. systemic risk of insurers with other parts of the financial system, notably the banking.

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The Hacker Mind Podcast: Tib3rius

ForAllSecure

Tib3rius from White Oak Security discusses his experience as a web application security pen tester, his OSCP certification, and how he’s giving back to the community with his Twitch , Youtube , and tools he's made available on GitHub. I guess just a penetration tester at White Oak security would be fine. I’m waiting.

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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.,

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