InsureTech Connect Conference recap, NAIC cyber news, a House bill on data breach standards and more.
The latest in cyber security and risk news.
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.
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.
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.
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.
Small and mid-sized businesses (SMBs) tend to be less concerned about cyber risks when compared to their larger counterparts.
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.
Come August 28, insurance brokerage firms licensed to do business in New York will be required to submit and maintain a written cybersecurity policy, appoint a chief information security officer (CISO) and more.
Q1’17 was the most active for the cybersecurity space in five years, experiencing increased investment and expanding with multiple companies leveraging the power of AI to provide solutions for today’s cyber threats.
The insurance industry has been in the spotlight following the recent global ransomware attack, WannaCry