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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. The changes are effective December 31, 2021.

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Ransomware Protection in 2021

eSecurity Planet

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. Also Read: Best Encryption Tools & Software for 2021. Raising awareness about ransomware is a baseline security measure. A ransomware attack is about as bad as a cyber attack can get.

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RaidForums Gets Raided, Alleged Admin Arrested

Krebs on Security

.” Prosecutors say Coelho also personally sold stolen data on the platform, and that Omnipotent directly facilitated illicit transactions by operating a fee-based “ Official Middleman ” service, a kind of escrow or insurance service that denizens of RaidForums were encouraged to use when transacting with other criminals.

Sales 231
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1M compromised cards available for free in the underground market

Security Affairs

Further research revealed that the post was nothing but a very bold ad to scale up the user base of newly established card shop All World Cards, which joined the carding market in May 2021. In the entire batch Group-IB researchers found 810 expired cards, 30 of them expired in June 2021, 780 in July 2021. At least 2.6

Marketing 128
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U.S. Banking Agencies Signal Closer Review of Cryptocurrency Activities

Data Matters

On November 23, 2021, the Office of the Comptroller of the Currency ( OCC ) published Interpretative Letter No. The Letter specifically highlights that there may be different legal and compliance obligations for stablecoin activities depending on how the particular stablecoin is structured, noting that “certain stablecoins may be securities.”

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CCPA Marches On: California Attorney General Proposes Further Revisions to CCPA Regulations, Industry Pleads for Enforcement Delay Amid COVID-19 Crisis

Data Matters

On March 11, 2020, the California Attorney General (“AG”) released the third turn of proposed California Consumer Privacy Act (“CCPA”) regulations. The AG’s revisions make only moderate changes to the last round of regulations issued in February 2020. The March proposed regulations now allow future global privacy controls (e.g.,

Privacy 68
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New EU Strong Customer Authentication Standards: Implications for Payment Service Providers

Data Matters

Under the revised Payment Services Directive (2015/2366) (PSD2), the European Banking Authority (EBA) and the European Commission were required to develop and adopt regulatory technical standards on strong customer authentication and common and secure open standards of communication. inherence: a biometric characteristic (e.g.,