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A Cyber Insurance Backstop

Schneier on Security

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. 11, 2001, terrorist attacks. The 9/11 attacks cost insurers and reinsurers $47 billion.

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6,009,014 MovieBoxPro Accounts Breached in Another Data Scraping Incident

IT Governance

A further 381,000 New York City public school students affected by 2022 data breach In January 2022 , personal data from around 820,000 New York City public school students, both current and former, was breached. We also found 11 organisations providing a significant update on a previously disclosed incident.

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The Impact of Data Protection Laws on Your Records Retention Schedule

ARMA International

The purpose of this article is to remove the fear and intimidation of domestic and global data protection laws and show how these laws and requirements are consistent with the existing objectives of your records retention schedule and information governance policy. Definition and Purpose of a Records Retention Schedule.

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SEC Proposes New Cybersecurity Rules for Investment Managers

Hunton Privacy

On February 9, 2022, the SEC proposed new cybersecurity compliance and disclosure rules for the investment management industry in a three to one vote. Whether the incident is covered under a cybersecurity insurance policy. 2) substantial harm to a client, or an investor in a private fund, whose information was accessed.

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SEC Chair: Sweeping New Cybersecurity Rules Are Coming Soon

Data Matters

On Monday, January 24, 2022, in a speech at the Northwestern University Pritzker School of Law annual Securities Regulation Institute conference, Gary Gensler, Chair of the U.S. 11 But the SEC declined to go that far when it adopted Reg SCI. 24, 2022), [link].