Security Affairs

APRIL 23, 2023

Non-profit health insurer Point32Health suffered a ransomware attack and has taken systems offline in response to the incident. Non-profit health insurer Point32Health has taken systems offline in response to a ransomware attack that took place on April 17. ” reads the statement published by the insurer.

Insurance 84

Insurance Ransomware Cybersecurity Education 84

IT Governance

OCTOBER 15, 2020

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

Insurance Data breaches Risk Security 122

Data Matters

FEBRUARY 2, 2021

The National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law has been adopted in at least 11 states, with several others (including New York) having implemented either older or similar laws or administrative guidance. See State Legislative Brief, NAIC, June 2020.

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Insurance Security Compliance Cybersecurity 114

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

Insurance 86

Insurance Risk Cybersecurity Ransomware 86

Data Breach Today

JUNE 21, 2021

SEC: Executives Left in Dark About Vulnerability in File-Sharing System Title insurance company First American Financial Corp. Information security staff members were aware of the vulnerability in the company's EaglePro document-sharing system for five months but failed to fix it, the SEC reports.

Insurance 345

Insurance Data breaches Information Security Security 345

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. For those who have cyber insurance against ransomware attacks. That way you would have avoided a leak and decrypted your information. Very important! reads the ransom note.

Insurance 85

Insurance Ransomware Encryption IT 85

Security Affairs

JULY 9, 2021

Insurance giant CNA notifies customers of a data breach after the Phoenix CryptoLocker ransomware attack suffered in March. US insurance giant CNA is notifying customers of a data breach after the ransomware attack that it suffered in March. Bloomberg was informed about the payment by two people familiar with the attack.

Data breaches 142

Data breaches Insurance Ransomware Encryption 142

Security Affairs

APRIL 20, 2021

Car insurance provider Geico has suffered a data breach, attackers have stolen the driver’s licenses for policyholders for several weeks. Geico, the second-largest auto insurer in the U.S., We have reason to believe that this information could be used to fraudulently apply for unemployment benefits in your name.”

Insurance 127

Insurance Data breaches Sales Security 127

Security Affairs

SEPTEMBER 29, 2020

Gallagher (AJG) insurance giant disclosed a ransomware attack, the security breach took place on Saturday. Gallagher (AJG) global insurance brokerage firm confirmed that it was his with a ransomware attack on Saturday, September 26. US-based Arthur J. US-based Arthur J. “On September 26, 2020, Arthur J. The post Arthur J.

Insurance 139

Insurance Ransomware Data breaches Cybersecurity 139

Security Affairs

MAY 1, 2023

Bitmarck, one of the largest IT service providers for social insurance carriers in Germany, announced yesterday that it has suffered a cyber attack. The incident impacted statutory health insurance companies that have their IT operated by BITMARCK. The company immediately reported the incident to the responsible authorities.

IT 84

IT Insurance Data breaches Education 84

Hunton Privacy

AUGUST 6, 2019

On August 2, 2019, New Hampshire Governor Chris Sununu signed into law SB 194 (the “Bill”), which requires insurers licensed in the state (“licensees”) to put in place data security programs and report cybersecurity events. Key provisions of the Bill include: Information Security Program. Incident Response Plan.

Insurance 81

Insurance Security Cybersecurity Information Security 81

Data Matters

JANUARY 14, 2019

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”.

Insurance 68

Insurance Security Cybersecurity Data breaches 68

IT Governance

JULY 15, 2019

Cyber insurance is big business these days. Damages incurred by information security incidents generally aren’t covered in commercial insurance policies, so a specific policy is necessary to help cover the costs of things like forensic investigation, incident response and notification procedures.

Insurance 89

Insurance Data breaches Risk Information Security 89

Data Matters

FEBRUARY 11, 2019

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. 6491 (Act). MCL § 500.550.

Insurance 68

Insurance Security Cybersecurity FOIA 68

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. The Framework.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

Security Affairs

AUGUST 7, 2019

The American group of insurance and financial services companies State Farm disclosed a credential stuffing attack it has suffered in July. The American group of insurance and financial services companies State Farm revealed that it was the victim of a credential stuffing attack it has suffered in July. Pierluigi Paganini.

Insurance 88

Insurance Data breaches Financial Services Passwords 88

Data Matters

JULY 30, 2018

In October 2017, the National Association of Insurance Commissioners (NAIC) adopted an Insurance Data Security Model Law. On May 3, 2018, South Carolina became the first state to enact this Model Law, in the form of the South Carolina Insurance Data Security Act (H.B.

Insurance 60

Insurance Security Cybersecurity Data breaches 60

Data Matters

JUNE 23, 2022

Kentucky and Maryland recently continued the trend of state insurance departments adopting some version of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Data Security Model Law. Kentucky Governor Andy Beshear signed House Bill 474 into law, and Maryland Governor Larry Hogan signed SB 207.

Insurance 103

Insurance Security Cybersecurity Information Security 103

Krebs on Security

JUNE 18, 2021

Securities and Exchange Commission settled its investigation into the matter after the Fortune 500 company agreed to pay a paltry penalty of less than $500,000. The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 This week, the U.S. First American Financial Corp.

Insurance 265

Insurance Risk Financial Services Mining 265

Hunton Privacy

NOVEMBER 8, 2023

The NYDFS, which regulates financial institutions including insurance companies, mortgage brokers and banks, adopted the original Cybersecurity Regulation in 2017. Our previous blog post covered key proposed changes to the Cyber Regulation.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

Security Affairs

JANUARY 2, 2024

Hudson Researchers reported that on December 20th, a hacker using the moniker ‘irleaks’ announced the availability for sale of over 160,000,000 records allegedly stolen from 23 leading insurance companies in Iran. It is still unclear how the hackers targeted so many insurance companies at the same time.

Insurance 134

Insurance Sales Passwords Access 134

Security Affairs

APRIL 8, 2024

Compromised data exposed personal and Medicare information of the individuals, including name, date of birth, address, Medicare Health Insurance Claim Number (which contains a Social Security number associated with a member) and some medical information and/or health insurance information.

Data breaches 113

Data breaches Insurance Cybersecurity Government 113

IT Governance

DECEMBER 14, 2021

With organisations’ cyber security requirements becoming more complex and the threat of cyber attacks growing each year, many decision-makers are turning towards cyber security as a service. This approach, also known as managed cyber security, works by outsourcing cyber security to a third party.

Security 131

Security Insurance Data breaches Information Security 131

The Security Ledger

AUGUST 20, 2019

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.

Insurance 40

Insurance Risk Healthcare Manufacturing 40

Security Affairs

FEBRUARY 26, 2023

Based on the investigation, News Corp understands that, between February 2020 and January 2022, an unauthorized party gained access to certain business documents and emails from a limited number of its personnel’s accounts in the affected system, some of which contained personal information.”

IT 92

IT Data breaches Insurance Cybersecurity 92

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

Security Affairs

FEBRUARY 3, 2024

” The company added that it did not record any insurance proceeds in the three and six months ending on December 31, 2023, associated with the cyberattack. The recognition of insurance recoveries, if applicable, may not align with the timing of recognizing the associated expenses.

Insurance 107

Insurance Sales Ransomware Marketing 107

Krebs on Security

APRIL 27, 2023

This misconfigured Salesforce Community site from the state of Vermont was leaking pandemic assistance loan application data, including names, SSNs, email address and bank account information. But after being presented with a document including the Social Security number of a health professional in D.C. Washington, D.C.

Access 278

Access Authentication Information Security Communications 278

Daymark

DECEMBER 5, 2023

On October 30, 2023, the US Securities and Exchange Commission (SEC) announced fraud charges against SolarWinds and its former chief information security officer (CISO), alleging that “ SolarWinds’ public statements about its cybersecurity practices and risks were at odds with its internal assessments.”

Insurance 62

Insurance Cybersecurity Risk Information Security 62

Security Affairs

JANUARY 4, 2024

Healthcare technology company HealthEC disclosed a data breach that exposed the personal information of 4.5 The files contained information belonging to some of HEC’s clients. million Individuals. Healthcare technology company HealthEC (HEC) disclosed a data breach that impacted 4.5 million customers of its business partners.

Data breaches 114

Data breaches Artificial Intelligence Insurance Access 114

Security Affairs

APRIL 10, 2024

The Group Health Cooperative of South Central Wisconsin (GHC-SCW) is a non-profit organization that provides health insurance and medical care services to its members in the Madison metropolitan area of Wisconsin. The Information Technology (IT) Department isolated and secured the organization’s network in response to the incident.

Data breaches 116

Data breaches e-Discovery Ransomware Insurance 116

Hunton Privacy

JANUARY 26, 2018

On January 25, 2018, the Standardization Administration of China published the full text of the Information Security Technology – Personal Information Security Specification (the “Specification”). The Specification divides personal information into two categories: personal information and sensitive personal information.

Information Security 48

Information Security Security Privacy Personal data 48

Security Affairs

JANUARY 23, 2024

The man is responsible for the cyber attacks that in 2022 hit the Australian insurance provider Medibank. As you might recall, more than 9 million records of Australians, including names, dates of birth, Medicare numbers and sensitive information were stolen in the 2022 attack, and the majority published on the dark web.

Government 100

Government Insurance Ransomware Data breaches 100

Security Affairs

AUGUST 21, 2020

The university notified appropriate law enforcement entities, and the university’s Information Security Office (ISO) investigated and resolved the incident in consultation with an external firm that specializes in responding to ransomware attacks.” ” reads a press release published by the University.

Ransomware 143

Ransomware Insurance Encryption Information Security 143

Security Affairs

DECEMBER 28, 2022

The chief executive of insurance giant Zurich warns that cyber attacks, rather than natural catastrophes, will become uninsurable. Mario Greco, chief executive of insurer giant Zurich, has warned that cyber attacks will become soon “uninsurable.”.

Insurance 93

Insurance Risk Ransomware IT 93

IG Guru

OCTOBER 11, 2019

Insurance broker Marsh has unveiled the inaugural class of cybersecurity products and services receiving a Cyber Catalyst designation that is part of an evaluation program its backers hope will bring greater clarity in the crowded cybersecurity marketplace.

Insurance 40

Insurance Cybersecurity IT Information governance 40

The Last Watchdog

MARCH 13, 2023

So how will this affect chief information security officers (CISOs) and security programs? Given the perennial skills and staffing shortage in security, it’s unlikely that CISOs will be asked to make deep budget or staffing cuts, yet they may not come out of this period unscathed.

Security 195

Security Insurance Cybersecurity Customer Experience 195