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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. 10, 2018), remains pending in an Illinois state court.

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Ransomware Protection in 2021

eSecurity Planet

Also Read: Best Encryption Tools & Software for 2021. Below we outline 18 industry tips for actions you can take to reduce your risk of a ransomware attack: Action. We also look into the most dangerous strains today and predictions for 2021. Healthcare and financial services are the most attacked industries.

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CyberheistNews Vol 13 #13 [Eye Opener] How to Outsmart Sneaky AI-Based Phishing Attacks

KnowBe4

Your email filters have an average 7-10% failure rate; you need a strong human firewall as your last line of defense. Per the Ecuadorian government, these attacks were fueled by attempts to intimidate the media. I've written quite a few times about specific cyber insurance claim cases that required going to court to settle.

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Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

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CyberheistNews Vol 13 #07 [Scam of the Week] The Turkey-Syria Earthquake

KnowBe4

Blog post with links: [link] [NEW WHITE PAPER] 10 Tips to Run a Successful Compliance Training Program Has compliance training been a continuous challenge to get right? In our whitepaper, John Just, KnowBe4's Chief Learning Officer, shares his top 10 tips to make compliance training easier for you and more effective for your organization.

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Regulatory Update: NAIC Fall 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. NAIC Adopts the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act. Insurance groups will be exempt from filing a GCC if.

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Best Fraud Management Systems & Detection Tools in 2022

eSecurity Planet

billion in reported fraud in 2021 alone. 52% of companies with more than $10 billion in revenue were hit with fraud. For example, Experian’s 2021 Global Identity and Fraud Report stated that 82% of surveyed businesses had adopted customer recognition strategies. According to SEON’s Industry Fraud Index , real estate saw a 26.8%

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