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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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Data privacy examples

IBM Big Data Hub

The app heavily encrypts all user financial data. Deploying privacy protections: The app uses encryption to protect data from cybercriminals and other prying eyes. The Personal Information Protection and Electronic Documents Act (PIPEDA) Canada’s PIPEDA governs how private-sector businesses collect and use consumer data.

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The Pain of Double Extortion Ransomware

Thales Cloud Protection & Licensing

According to a recent market study 1 , 71% of individuals surveyed said double and triple extortion tactics have grown in popularity over the last 12 months, and 65% agree that these new threats make it tougher to refuse ransom demands. Simplistically, suppose the sensitive data is already encrypted.

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Securing AI Deployments: Striking the Balance

OpenText Information Management

The recent IT leaders CIO MarketPulse survey by Foundry underscores that data must be ready for AI. They must also build a solid data foundation, including a governance framework, to take full advantage of the benefits of AI. Examples include names, mailing addresses, phone numbers, social insurance numbers, and credit card details.

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After Springhill: Assessing the Impact of Ransomware Lawsuits

eSecurity Planet

” Cyber Insurance No Longer Reliable. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. Cyber Regulations Could Bring Fairness.

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Top 10 Governance, Risk and Compliance (GRC) Vendors

eSecurity Planet

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. IT governance and security. Privacy governance and management. Case & survey management. Audit management.

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Protecting Medical Data Against a Cyber-Attack Pandemic

Thales Cloud Protection & Licensing

Patient records were always valued by attackers for launching sophisticated insurance fraud schemes, purchasing medical supplies or drugs, or committing other types of fraud including identity theft. Going beyond privacy regulation, governments are now making explicit cybersecurity recommendations. Centralize data security governance.

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