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Pharmaceutical giant Cencora discloses a data breach

Security Affairs

Pharmaceutical giant Cencora suffered a cyber attack and threat actors stole data from its infrastructure. Pharmaceutical giant Cencora disclosed a data breach after it was the victim of a cyberattack. The company discovered the security breach on February 21 and immediately launched an investigation into the incident.

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Merck settles with insurers regarding a $1.4 billion claim over NotPetya damages

Security Affairs

Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 known as Merck Sharp & Dohme (MSD) outside the United States and Canada, is an American multinational pharmaceutical company. billion insurance claim for the losses caused by the NotPetya attack that took place in 2017.

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Episode 158: How NotPetya has Insurers grappling with Systemic Cyber Risk

The Security Ledger

We talk to Bruce McDonnell of the East West Institute about how insurers are responding. Related Stories Episode 155: Disinformation is a Cyber Weapon and APTs warm to Mobile Malware Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats NotPetya Horror Story Highlights Need for Holistic Security.

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Mastering healthcare data governance with data lineage

IBM Big Data Hub

Healthcare organizations need a strong data governance framework to help ensure compliance with regulations like the Health Insurance Portability and Accountability Act of 1996 (HIPAA) in the US and the General Data Protection Regulation (GDPR) in the EU. Inaccuracies might also lead to more delays or complications with insurance coverage.

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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. The changes are effective December 31, 2021.

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

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The hidden threats facing your intellectual property

IT Governance

The risk of losing your IP. For life sciences and pharmaceutical companies, this includes data on the development and testing of new therapies and details of how therapies are manufactured. The information affected is said to have included names, date of birth, nationalities and insurance membership numbers. million fine.