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Cyber insurance: A guide for businesses

IT Governance

Cyber threats are so numerous that it’s impossible to prevent security incidents altogether. That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? What is cyber insurance?

Insurance 122
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Discovery of 13-Year Hacking Scheme Highlights Questions About Cyber Insurance Coverage

Hunton Privacy

Hunton & Williams Insurance Litigation & Counseling partner Lon Berk reports: An Israeli security firm recently uncovered a hacking operation that had been active for more than a decade. The hackers purchased digital security certificates for each phony company to make the sites appear legitimate to visitors.

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Generative AI that’s tailored for your business needs with watsonx.ai

IBM Big Data Hub

According to a recent IBV study , 64% of surveyed CEOs face pressure to accelerate adoption of generative AI, and 60% lack a consistent, enterprise-wide method for implementing it. “Its inherent flexibility and agile deployment capabilities, coupled with a robust commitment to information security, accentuates its appeal.”

Risk 87
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The Week in Cyber Security and Data Privacy: 23–29 October 2023

IT Governance

Incident details: A security vulnerability in a third party left personal data exposed of thousands of motorists who had their vehicle towed on behalf of the An Garda Síochána. Records breached: 512,000 documents, with details of insurance investigations, vehicle registration certificates, notices of car seizures and payment card details.

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China’s PIPL has finally arrived, and brings helpful clarification (rather than substantial change) to China’s data privacy framework

DLA Piper Privacy Matters

We have summarised the key compliance obligations under the PIPL below, with new obligations in bold for ease of reference: Relevant Laws/Regulations The PIPL becomes the primary, national-level law governing processing of personal information, but does not replace the existing data privacy framework.

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FTC Hosts Workshop on Informational Injury

Hunton Privacy

Panelists called on the FTC to take a number of measures to further study these informational risks and injuries, including studying different types of identity theft distinctly and not limiting this to one general topic, and writing reports on substantive harms that have meaningful impacts on people’s lives and the potential solutions.

Privacy 42
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HHS Announces Settlements with Health Care System and Medical Research Institute over Potential HIPAA Violations

Hunton Privacy

million settlement with the Minnesota Attorney General for violations of the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”) and its implementing regulations, and various Minnesota debt collection and consumer protection laws. In 2012, Accretive entered into a $2.5