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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

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Cross-Border Data Privacy and Security Concerns in the Dawn of Quantum Computing

Thales Cloud Protection & Licensing

Tue, 12/22/2020 - 10:08. Multinationals face difficult and unique compliance challenges to successfully meet the ongoing waves of government regulations for data privacy and security. The most sweeping and aggressive regulation, the European Union’s General Data Protection Regulation (GDPR), went into full force in May 2018.

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How are the EU member states progressing in their implementation of the NIS Directive?

IT Governance

Implementation status : Transposed, as the Cyber Security Act (94/2018). Implementation status : Transposed, as The Security of Network and Information Systems Law of 2018. 440/2018) , along with Executive Order (no. 458/2018) and Executive Order (no. 360 of 2018. 46/ 2018 of August 13. Czech Republic.

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SEC Chair: Sweeping New Cybersecurity Rules Are Coming Soon

Data Matters

For example, SEC guidance from 2018 emphasizes that there is a range of factors that may affect whether an incident should be disclosed to investors beyond the bottom-line financial costs to respond to the incident. Public Companies and Service Providers. Public companies currently must disclose material cybersecurity incidents.

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Regulatory Update: NAIC Spring 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. This post summarizes the highlights from this meeting. Department of the Treasury and the Office of the U.S.

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Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation

Data Matters

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

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New EU Strong Customer Authentication Standards: Implications for Payment Service Providers

Data Matters

These regulatory technical standards were passed into EU law as Commission Delegated Regulation (EU) 2018/389 (the RTS), which entered into effect on September 14, 2019. Examples of MITs given by the EBA include utilities bill payments, TV and mobile phone subscriptions, digital services subscriptions and insurance premium payments.