Hunton Privacy

JULY 1, 2022

(“Carnival”), the world’s largest cruise-ship operator, for violations of the Cybersecurity Regulation (23 NYCRR Part 500) in connection with four cybersecurity events between 2019 and 2021, including two ransomware events. . NYDFS also found that Carnival had failed to implement basic protocols to prevent data breaches.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Data Matters

JULY 30, 2018

In October 2017, the National Association of Insurance Commissioners (NAIC) adopted an Insurance Data Security Model Law. On May 3, 2018, South Carolina became the first state to enact this Model Law, in the form of the South Carolina Insurance Data Security Act (H.B. See CT Gen Stat § 38a-999b (2015) ; 23 NYCRR 500.

Insurance 60

Insurance Security Cybersecurity Data breaches 60

Krebs on Security

DECEMBER 8, 2022

First spotted in mid-August 2022 , Venus is known for hacking into victims’ publicly-exposed Remote Desktop services to encrypt Windows devices. Encrypting sensitive data wherever possible. Department of Health and Human Services (HHS) warned that Venus ransomware attacks were targeting a number of U.S. healthcare organizations.

Ransomware 250

Ransomware Metadata Insurance Encryption 250

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

Security Affairs

JULY 5, 2021

“These attacks have become more common, especially in recent weeks, and WSSC Water has prepared for this type of event,”. The company uses air-gapped networks and was able to restore encrypted files from backups. “WSSC Water continues to produce and deliver safe, clean water to 1.8 Pierluigi Paganini.

Ransomware 118

Ransomware Insurance Encryption Access 118

eSecurity Planet

OCTOBER 18, 2021

The legal complaint [PDF] notes that on July 9, 2019, the day it was hit by a ransomware attack, Springhill Memorial Hospital contended that the event had “not affected patient care.” ” Cyber Insurance No Longer Reliable. Also read: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs.

Ransomware 89

Ransomware Insurance Digital transformation Cybersecurity 89

Schneier on Security

FEBRUARY 28, 2024

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. 11, 2001, terrorist attacks.

Insurance 87

Insurance Government Cybersecurity Risk 87

Security Affairs

JANUARY 6, 2019

The Dark Overlord hacking group claims to have stolen a huge trove of documents from the British insurance company Hiscox, Hackers stole “hundreds of thousands of documents,” including tens of thousands files related to the 9/11 terrorist attacks. “What’s the takeaway? “ There’s five layers to go.

Insurance 111

Insurance Data breaches Sales Government 111

eSecurity Planet

JUNE 16, 2022

Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 In May, cybersecurity researchers revealed that ransomware attacks are increasing their aggressive approach by destroying data instead of encrypting it.

Ransomware 137

Ransomware Cybersecurity Phishing Encryption 137

IBM Big Data Hub

JANUARY 22, 2024

The good news is that in the event of a ransomware attack, there are basic steps any organization can follow to help contain the attack, protect sensitive information, and ensure business continuity by minimizing downtime. Notify the security team Once you’ve disconnected the affected systems, notify your IT security team of the attack.

Ransomware 116

Ransomware Encryption Analytics Data breaches 116

Security Affairs

NOVEMBER 30, 2020

. “Sources told Action News, the cybercriminals gained control of the network on Saturday encrypting files, including police reports, payroll, purchasing, and other databases. “Sources said the county is in the process of paying the $500,000 ransom as it’s insured for such attacks.”

Computer and Electronics 111

Computer and Electronics Ransomware Insurance Encryption 111

IT Governance

NOVEMBER 1, 2022

Mexico confirms hack of military records (unknown) Randolph-area school district disables its own website following transphobic hack (unknown) Australia’s Telstra hit by data breach, two weeks after attack on Optus (unknown) Patient details compromised in cyber attack on health provider Pinnacle (unknown) CHI Health faces ‘IT security incident’ impacting (..)

Data breaches 111

Data breaches Ransomware Insurance Phishing 111

IT Governance

JULY 11, 2019

That way, when crooks encrypt your systems, there’s no need to worry. You can avoid this by teaching staff about ransomware and establishing a line of communication in the event of security incidents. If you don’t already have cyber insurance, it’s worth considering. Prepare for an attack by backing up your data.

Ransomware 99

Ransomware Insurance Encryption Paper 99

Data Matters

FEBRUARY 6, 2019

The stolen information allegedly included names and identifying information, hashed passwords, security questions and answers, family information, Social Security numbers, lab results, health insurance information, doctor’s names, and medical conditions, among other things.

Data breaches 83

Data breaches Computer and Electronics Security Insurance 83

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

Thales Cloud Protection & Licensing

MARCH 6, 2018

The only true way to protect data is to encrypt it. Encryption is key when it comes to protecting data. Using encryption solutions like the solutions Thales provides, companies can encrypt their data, rendering the data unintelligible in the event of a breach.

Compliance 88

Compliance GDPR Encryption Data Privacy 88

DLA Piper Privacy Matters

FEBRUARY 28, 2022

The following considerations should help to harden your organisation’s posture and reduce the impact of a cyber event: Review and share your Incident Response Plan, Crisis Management Plan and Business Continuity and DR plans with key team members and make sure they address all current threats. Check your cyber insurance policy.

Passwords 98

Passwords Phishing Risk Access 98

HL Chronicle of Data Protection

FEBRUARY 25, 2020

It applies to any “Covered Entity,” which is defined broadly to include “any Person operating under or required to operate under a license, registration, charter, certificate, permit, accreditation or similar authorization under the Banking Law, the Insurance Law or the Financial Services Law.”

Cybersecurity 104

Cybersecurity Financial Services Data breaches Insurance 104

Thales Cloud Protection & Licensing

APRIL 18, 2023

Live Sessions With this in mind, we have scheduled a host of events and tech talks around our participation at RSA Conference 2023. Be in control of your encryption keys and their location, and how to control access to your sensitive data and digital services to comply with emerging data sovereignty requirements.

Security 71

Security Digital transformation Privacy Cybersecurity 71

eSecurity Planet

JULY 8, 2022

There are hardware elements such as having a redundant data center, where the enterprise can fail over during an event. In the event of ransomware, the enterprise needs to have access to an uncorrupted copy of its data, so it can refuse to submit to cyber criminals’ demands. Also see the Best Business Continuity Solutions.

Ransomware 122

Ransomware Cloud Encryption Marketing 122

eSecurity Planet

FEBRUARY 16, 2021

All of your files are encrypted with RSA-2048 and AES-128 ciphers.” ” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.” IMPORTANT INFORMATION !!!

Ransomware 97

Ransomware Encryption Insurance Cloud 97

IT Governance

JUNE 15, 2022

It’s a type of malware that encrypts files, preventing the victim from accessing their systems. This ensures that, in the event of a ransomware attack, the organisation can restore its information without having to deal with criminal hackers. The service also comes with cyber insurance coverage of up to £500,000. Ransomware.

Risk 144

Risk Security Passwords Phishing 144

Hunton Privacy

APRIL 27, 2017

Covered entities are required to comply with audit trail, data retention and encryption requirements. In a recent conference of the National Association of Insurance Commissioners, Maria Vullo, the NYDFS superintendent, stated that “The New York regulation is a road map with rules of the road.”.

Cybersecurity 53

Cybersecurity Compliance Financial Services Insurance 53

eSecurity Planet

SEPTEMBER 10, 2021

For ransomware attacks where network data gets encrypted , backups are the definitive method for restoring network infrastructure. In the event of a ransomware attack, an organization could lose access to part or all of its network data and systems, blocking further work. Beyond Encryption: Exfiltration and Extortion.

Ransomware 102

Ransomware Encryption Cybersecurity Access 102

Data Matters

MARCH 12, 2019

Of particular note, the Safeguards Rule NPRM proposes to align the FTC’s requirements with those of the New York Department of Financial Services (“NYDFS”), as found in its cybersecurity regulations, and the National Association of Insurance Commissioners (“NAIC”), as found in its insurance data security model law.

Privacy 68

Privacy IT Information Security Insurance 68

Adam Levin

NOVEMBER 30, 2018

“The company recently discovered that an unauthorized party had copied and encrypted information, and took steps towards removing it,” Marriott disclosed in a statement. The vulnerability that the hackers took advantage of had been in place and used for “unauthorized access,” according to the company statement, since 2014.

Financial Services 66

Financial Services Encryption Passwords Communications 66

Hunton Privacy

JANUARY 25, 2017

Department of Health and Human Services’ Office for Civil Rights (“OCR”) entered into a resolution agreement with MAPFRE Life Insurance Company of Puerto Rico (“MAPFRE”) relating to a breach of protected health information (“PHI”) contained on a portable storage device. On January 18, 2017, the U.S.

Security awareness 40

Security awareness Insurance Risk Compliance 40

AIIM

JULY 24, 2018

For example, under GDPR data subjects and/or regulators may now pursue direct remedies against data processors in the event of infringement of obligations, whereas such remedies did not exist under the prior data privacy regulation.

GDPR 83

GDPR Compliance Privacy Data Privacy 83

Hunton Privacy

MAY 16, 2017

The ransomware, known as “WannaCry,” leverages a Windows vulnerability and encrypts files on infected systems and demands payment for their release. In the event of a security compromise, the FTC also may consider the accuracy of consumer promises an organization has made regarding the security of its systems. Litigation.

Ransomware 61

Ransomware Insurance Access Information Security 61

IT Governance

MARCH 1, 2023

announces security breach (10,000) CompSource Mutual Insurance Company reports security incident (unknown) Paul Smith’s College announces cyber attack (unknown) Cardiovascular Associates files notice of security breach (unknown) Rockler Companies says cyber attackers breached its systems (8,604) Emtec, Inc.

Data breaches 130

Data breaches Ransomware e-Delivery Government 130

Data Matters

AUGUST 27, 2018

They also became obligated to report cybersecurity events to the NYDFS. Notably, for this upcoming deadline, Covered Entities that have received a limited exemption must still comply with the regulatory provision regarding data retention policies and procedures for the periodic disposal of nonpublic information.

Cybersecurity 60

Cybersecurity Compliance Encryption Risk 60

eSecurity Planet

JANUARY 12, 2021

Encryption strength. Cybersecurity preparedness/ insurance. what information assets could be impacted by a possible cyber attack, including hardware, systems, laptops, customer data and intellectual property), and then assesses the risks of losing control of these assets during a cyber event. Endpoint protection. Mobile devices.

Risk 70

Risk Security Cybersecurity Compliance 70

Data Protection Report

JANUARY 7, 2019

Entities covered by the Regulation, which includes not only banks and insurers, but also other financial service institutions and licensees regulated by the DFS that utilize third-party service providers, will be required to implement third-party risk management programs by March 1. Upcoming certifications.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

eSecurity Planet

SEPTEMBER 14, 2022

Finance and insurance finished a close second at 22.4%. Finance and insurance companies were particularly vulnerable to the sort of phishing scams we’re talking about. According to the 2021 IBM Threat Force Intelligence Index , Manufacturing was the industry most likely to be attacked last year, comprising 23.2% Social Tactics.

Energy and Utilities 115

Energy and Utilities Phishing Blockchain Cybersecurity 115

IT Governance

SEPTEMBER 1, 2022

confirms security incident (unknown) Friedrich Air Conditioning, LLC announces security breach (unknown) Gibson Overseas, Inc. announces security breach (unknown) The Country Club at Woodfield, Inc. victim of a cyber attack (unknown) Berkshire Partners LLC announces data breach (unknown) United HealthCare Services, Inc.

Data breaches 116

Data breaches Ransomware Energy and Utilities Phishing 116

Data Protection Report

SEPTEMBER 11, 2017

The 10-K also warns that FedEx is unable to “estimate when TNT Express services will be fully restored” and that it may be “unable to fully restore all of the affected systems and recover all of the critical business data that was encrypted.”.

Risk 40

Risk Ransomware Insurance Data breaches 40

HL Chronicle of Data Protection

MARCH 14, 2019

The plan must enable FIs to promptly respond to and recover from security events affecting customer information. It must also address the goals of the plan, internal processes for responding to a security event, and documentation and reporting regarding security events and related incident response activities.

Privacy 40

Privacy Risk Cybersecurity Information Security 40