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NAIC Insurance Data Security Law Annual Certifications: Is Yours Due By February 15?

Data Matters

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.

Insurance 114
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The worst cyber attacks of 2021

Security Affairs

Which are the cyber attacks of 2021 that had the major impact on organizations worldwide in terms of financial losses and disruption of the operations? According to Bloomberg , CNA Financial opted to pay the ransom two weeks after the security breach because it was not able to restore its operations. The pipeline allows carrying 2.5

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Cyber Insurance and the Changing Global Risk Environment

Security Affairs

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.

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Australian Privacy Regulator Sues in Data Breach Case

Hunton Privacy

Patrick Gunning from King & Wood Mallesons reports that, on November 2, 2023, the Australian Information Commissioner filed proceedings in the Federal Court of Australia against Australian Clinical Labs Limited seeking a civil penalty ( i.e. , a fine) in connection with the company’s response to a data breach that occurred in February 2022.

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SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned

Data Matters

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. SEC Statement and Guidance on Public Company Cybersecurity Disclosures.

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Cybersecurity Standards for the Insurance Sector – A New Patchwork Quilt in the US?

HL Chronicle of Data Protection

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.

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Security Affairs newsletter Round 375 by Pierluigi Paganini

Security Affairs

ransom and sued its insurance firm for refusing to cover this payment Crooks stole $375k from Premint NFT, it is one of the biggest NFT hacks ever Google is going to remove App Permissions List from the Play Store Security Affairs newsletter Round 374 by Pierluigi Paganini APT groups target journalists and media organizations since 2021.