The latest in cyber security and risk news.

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GDPR: Companies are Falling Short
Cyber Watch | Dec. 7, 2017 | Cyber, Cyber Insurance, Cybersecurity, Data, data breaches

The European Union’s (EU) General Data Protection Regulation (GDPR) comes into play on May 25, 2018, and does not solely affect companies operating in the EU. Learn more.

In the Boardroom: Addressing Cyber Risk
Cyber Watch | Nov. 15, 2017 | Cyber, Cyber Insurance, Data

Recent cyber regulations including the NYDFS Cybersecurity Rule, the EU’s General Data Protection Regulation, and the recently adopted NAIC Cybersecurity Model Law, have initiated the conversation regarding cybersecurity legislation.

Data Security & Cyber Risks
Cyber Watch | Oct. 26, 2017 | Cyber, cyber attacks, Cyber Insurance, Cybersecurity, Data, data breaches

The National Association of Insurance Commissioners (NAIC) adopted its Insurance Data Security Model Law, plus select studies on Cyber Risk.

Wanted: More Data in Cyber Insurance
Cyber Watch | Sep. 14, 2017 | Cyber, cyber attacks, Cyber Insurance, Cybersecurity, Data, data breaches

Despite consistent growth in the cyber insurance industry over the last two years, the industry faces a key underwriting obstacle that could potentially limit growth in the market: data.

Massive Breach Affects 143 Million: Are You At Risk?
Cyber Watch | Sep. 8, 2017 | Cyber, cyber attacks, Cyber Insurance, Cybersecurity, Data, data breaches

Credit reporting firm Equifax announced a massive cybersecurity breach yesterday, compromising sensitive personal and credit information of 143 million American consumers – nearly half the country.

Data Breach Notification Law, Cybersecurity Funding and More
Cyber Watch | Aug. 25, 2017 | Cyber, cyber attacks, Cyber Insurance, Cybersecurity, Data, data breaches, emerging risks

Delaware Gov. John Carney signed legislation amending its data breach notification law, making it more explicative & encompassing. This continues the trend of data security interest & data breach reporting across states.

NAIC Insurance Data Security Model Law Moves Closer to Adoption
Cyber Watch | Aug. 11, 2017 | Cyber, Cybersecurity, Data

The National Association of Insurance Commissioners’ (NAIC) Cybersecurity (Ex) Working Group has finally adopted its long-awaited Insurance Data Security Model Law, paving the way for adoption of the model by the full NAIC membership.

U.S. House Talks Cyber Insurance for SMBs
Cyber Watch | Aug. 4, 2017 | Cyber Insurance, Cybersecurity, Small Business

Small and mid-sized businesses (SMBs) tend to be less concerned about cyber risks when compared to their larger counterparts.

Cyber-Risk Aggregation
Cyber Watch | Jul. 21, 2017 | Cybersecurity

The danger of risk aggregation is nothing new to the insurance industry, but a recent joint report by Lloyd’s of London and cyber risk analytics firm, Cyence, just took the conversation up a notch.