Data Protection Report

JANUARY 5, 2021

The proposed regulation specifically includes as an example of a notification incident a “ransom malware attack that encrypts a core banking system or backup data.” For more information, please see our white paper. Service providers would be required to notify two individuals at each affected banking organization.

Insurance 141

Insurance Paper Encryption Security 141

eSecurity Planet

SEPTEMBER 10, 2021

For ransomware attacks where network data gets encrypted , backups are the definitive method for restoring network infrastructure. Considering these costs, the Sophos State of Ransomware white paper reported the average cost to recover from a ransomware attack had doubled to $1.85 Beyond Encryption: Exfiltration and Extortion.

Ransomware 118

Ransomware Encryption Cybersecurity Access 118

Data Matters

MAY 9, 2019

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.

Insurance 68

Insurance Blockchain Big data Risk 68

Data Matters

APRIL 23, 2018

Encrypting critical data assets. Board-management discussions about cyber risk should include identification of which risks to avoid, which to accept, and which to mitigate or transfer through insurance, as well as specific plans associated with each approach. Encrypting Critical Data Assets. Using appropriate access controls.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60