Privacy/Data Security/Cyber Risk

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Speakers at the Spring NAIC Meeting in Orlando on the topic of insuring cyber liability risk offered commentary on risks and damages associated with cyber attacks in the United States, as well as how the insurance market has (and has not) developed to help mitigate risk. Representatives included district attorneys, practicing intellectual property lawyers, federal agents as well as state regulators. …
Read More Live Blog: CIPR Spring Event: Insuring Cyber Liability Risk (NAIC Spring Meetings)

The U.S. Securities and Exchange Commission (“SEC”) held a Cybersecurity Roundtable discussion in Washington, DC Wednesday, March 26, 2014, at which representatives from the government and private sector, including publicly held corporations, market exchanges, investment advisors, and the insurance industry, discussed cybersecurity risks and the role the government, and specifically the SEC, could play in mitigating those risks. …
Read More SEC Holds Cybersecurity Roundtable

We cordially invite you to join insurance industry attendees to the AIRROC Boston Regional Education Day on April 9th. The full day program and post-session reception will be held in the offices of Edwards Wildman Palmer LLP, 111 Huntington Avenue, Boston, MA. …
Read More Please Join Us – AIRROC Boston Regional Education Day – April 9, 2014

More major privacy and data protection developments are in the works in California, following three significant new laws reported here. On September 25, 2013, the California Secretary of State approved steps required to bring before state residents a ballot initiative entitled the Personal Privacy Protection Act (the “Act”). …
Read More CA Residents to Decide on Constitutional Privacy Rights

A new amendment to California’s breach notification statutes extend notification requirements to the breach of California residents’ online account credentials, with distinctive obligations regarding method and content of such notices. …
Read More California Extends Breach Notification Obligations to Online Account Credentials

On 9 April 2013, the Office of Privacy Commissioner for Personal Data (“Commissioner“) issued a report in respect of the investigation carried out by the Commissioner against a body check service company and an insurance broker concerning the unfair collection of personal data from the public by the body check service company and its transfer to the insurance broker for use in direct marketing.
Read More Hong Kong: The Office of Privacy Commissioner for Personal Data Finds an Insurance Broker Collected Personal Data for Use in Direct Marketing by Arguably Deceitful Means

The New York Department of Financial Services (“DFS”) sent “308 Letters” to the largest insurers it regulates yesterday, requiring information on their cyber security, according to a press release issued by New York Governor Andrew Cuomo. …
Read More NY Demands Info on Insurers’ Cyber Threats