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Ohio Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law

Data Matters

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.”.

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UK cyber crime rate has doubled in the past five years

IT Governance

Beaming’s Five Years in Cyber Security found that 1.5 million organisations fell victim to cyber crime in 2019. On the plus side, the average cost of breaches has fallen from £26,000 per incident in 2015 to £6,000 in 2019 – although that’s offset by the increase in the overall number of incidents.

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Ransomware attack on MGM Resorts costs $110 Million

Security Affairs

The company paid third-party experts $10 million to clean up its systems. “The Company has also incurred less than $10 million in one-time expenses in the third quarter related to the cybersecurity issue, which consisted of technology consulting services, legal fees and expenses of other third party advisors.”

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NYDFS settles cybersecurity regulation matter for $1.8 million

Data Protection Report

million settlement with two related insurance companies, relating to violations of two different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2019. This matter began when insurance affiliate #1, licensed by NYDFS, discovered a phishing email in September of 2018. NYDFS Cybersecurity Regulation.

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$10,000,000 civil penalty for disclosing personal data without consent

Data Protection Report

As part of the order, the company agreed to post “clearly and conspicuously” on its websites and apps for the next two years: Between October 2019 and [date], we shared the personal of information of consumers visiting our website and apps with other companies without their permission.

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List of data breaches and cyber attacks in February 2019 – 692,853,046 records leaked

IT Governance

I count this month’s total of leaked records to be 692,853,046, bringing 2019’s total to 2,462,038,109. Eskom data leak exposes sensitive customer informationSecurity researcher. Outdated software left municipal worker information exposed in 200 towns. Crosby ISD’s IT system hacked by ransomware virus.

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Volkswagen discloses data breach, 3.3 million customers impacted

Security Affairs

The security breach affected a subsidiary Audi and authorized dealers in the U.S. According to a letter sent by the company to the Maine Attorney General and reported by TechCrunch , the subsidiary company left customer data spanning 2014 to 2019 unsecured online between August 2019 and May 2021. million of its customers.