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Cyber-insurance – 72 hours for the insured party to file a criminal complaint: GDPR’s false friend

Data Protection Report

The French Information and Digital Security Experts Club ( CESIN ) has estimated that 54% of French companies were subject to cyberattacks in 2021, [1] while France Assureurs has put cyberattack risks on top of all other risks for the sixth year in a row. [2] 12-10-1 into the French Insurance code.

Insurance 105
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Michigan Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law

Data Matters

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. MCL § 500.550.

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FDIC, FRB and OCC Issue Interagency Guidance on Third-Party Relationships

Hunton Privacy

On June 6, 2023, the Federal Deposit Insurance Corporation (“FDIC”), the Board of Governors of the Federal Reserve System (“FRB”) and the Office of the Comptroller of the Currency (“OCC”) issued their final Interagency Guidance on Third-Party Relationships (“Guidance”).

Risk 64
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Australian Privacy Regulator Sues in Data Breach Case

Hunton Privacy

Patrick Gunning from King & Wood Mallesons reports that, on November 2, 2023, the Australian Information Commissioner filed proceedings in the Federal Court of Australia against Australian Clinical Labs Limited seeking a civil penalty ( i.e. , a fine) in connection with the company’s response to a data breach that occurred in February 2022.

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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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The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

The records retention schedule is the foundational document for a records management program. Certain sectors, such as banking, financial services, health, and insurance have their own data protection and privacy requirements. 3 Personal Information Protection and Electronic Documents Act (PIPEDA). Bill C-11, Sec.

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Protecting Against the Risks and Managing the Complexities of a Quantum World with Thales and IBM Consulting

Thales Cloud Protection & Licensing

Protecting Against the Risks and Managing the Complexities of a Quantum World with Thales and IBM Consulting madhav Thu, 01/25/2024 - 11:03 Contributors: Ollie Omotosho - Director, Strategir Partnerships, Thales Antti Ropponen, Head of Data & Application Security Services, IBM Consulting In the world of business, data security is paramount.

Risk 87