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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147
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How to Decrypt Ransomware Files – And What to Do When That Fails

eSecurity Planet

First, call the cyber insurance company that issued the organization’s cybersecurity policy. Most insurance companies require specific incident response vendors, procedures, and reporting that must be met to meet the standards to be insured. Insured companies often will not have options. The First Calls After an Attack.

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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. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

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EUROPE: New privacy rules for connected vehicles in Europe?

DLA Piper Privacy Matters

Heeding the call, the European Commission issued some communications, such as the communication on “Europe on the Move” (COM(2018) 293 final), to guarantee a smooth transition towards a European mobility system which is safe, clean, connected and automated. Risks identified by the European Data Protection Board. 23(1) GDPR.

Privacy 69
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GDPR – The Year in Review

HL Chronicle of Data Protection

Having concluded that Google had no lead supervisory authority within the European Union, the CNIL carried out an investigation into a particular scenario (creating a Google account on the first use of an Android device). More details in this blog post. More details in this blog post. Reports and Other Materials.

GDPR 40
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GDPR is upon us: are you ready for what comes next?

Data Protection Report

The wait is finally over—this Friday the European Union General Data Protection Regulation (GDPR) will come into force. If you missed our previous blog articles, the European Commission released a new website with extensive guidance on GDPR implementation, together with a Fact Sheet containing Q&As on the GDPR. Challenge #1.

GDPR 40
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Regulatory Update: NAIC Fall 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. NAIC Adopts the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act. Insurance groups will be exempt from filing a GCC if. groups to non-U.S.