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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. Insurers should: Establish a Formal Cyber Insurance Risk Strategy.

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The Week in Cyber Security and Data Privacy: 4 – 10 December 2023

IT Governance

Researchers from the German cyber security company Aplite discovered 3,806 servers from 111 countries accessible on the Internet. Source (New) Transport USA Yes 129,611 Tcman Source (New) Manufacturing Spain Yes 108 GB (179 files) Compass Group Italia Source (New) Hospitality Italy Yes 107 GB Pan-American Life Insurance Group, Inc.

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The Week in Cyber Security and Data Privacy: 22 – 28 April 2024

IT Governance

Keyboard app vulnerabilities reveal keystrokes to network eavesdroppers Security researchers have identified critical security vulnerabilities in Cloud-based pinyin keyboard apps from Baidu, Inc., Known data breached Discord (via Spy.pet) Source (New) IT services USA Yes 4,186,879,104 Baidu, Inc.,

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

IT Governance

Source (New) Professional services Netherlands Yes 28.3 Source (New) Professional services Netherlands Yes 28.3 Source (New) Transport USA Yes 3,815 Okta Source 1 ; source 2 (Update) Cyber security USA Yes 3,800 Shah Dixit & Associates, P.C.

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Security Compliance & Data Privacy Regulations

eSecurity Planet

Regulatory compliance and data privacy issues have long been an IT security nightmare. GDPR (among other legal requirements in the EU and elsewhere) can expose multinational organizations to hefty financial penalties, additional rules for disclosing data breaches, and increased scrutiny of the adequacy of their data security.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

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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. VF Corporation confirms 35.5