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NAIC Task Force Hosts Insurance Data Security Model Law Meeting

On May 24 and 25, the National Association of Insurance Commissioners (the “NAIC”) Cybersecurity (EX) Task Force (the “Task Force”) hosted a meeting in which state insurance commissioners and interested parties were invited to provide comments to and voice concerns about the current draft of the Insurance Data Security Model Law (the “Model Law”).  This Model Law is designed to...

House Passes Cybersecurity Consortium Act

The House of Representatives passed the National Cybersecurity Preparedness Consortium Act, which will allow the Department of Homeland Security (DHS) to establish a consortium to address cybersecurity threats and incidents. The consortium would provide training to state and local first responders and officials, conduct training and simulation exercises, and help states develop...

FTC Reviews Security Updates Practices of Eight Mobile Device Manufacturers

The Federal Trade Commission is requiring eight mobile device manufacturers to provide the FTC with information about how they determine to issue security updates to address vulnerabilities in smartphones, tablets, and other mobile devices. The FTC plans to use these filings to study policies, procedures, and practices used to notify customers and determine whether to provide security...

NIST Issues Streamline Guidance for Public Comment

The National Institute of Standards and Technology (“NIST”) has issued a revised version of its guidance for sharing cyber-threat intelligence. The goal of this guidance is to help improve cybersecurity operations and risk management activities through information sharing practices.  NIST has removed elements not related to the core elements of the guidance, such as a discussion on...

Panama Papers leak 11.5 million documents, exposing public officials

On Sunday, April 3, 11.5 million confidential documents exposing a widespread system of global tax evasion were made public as a result of a hack.  The documents, which were records of  the Panamanian corporate service provider and law firm Mossack Fonseca, were obtained by an anonymous source, shared with the German newspaper Süddeutsche Zeitung, and then passed to the International...

Major Law Firms Hacked

On March 29, 2016, it was reported that hackers infiltrated the systems of major U.S. law firms last summer, including Cravath, Swaine & Moore and Weil, Gotshal & Manges.  Federal law enforcement is investigating the hacks, which likely sought confidential information of publicly-traded companies for the purpose of insider trading. The extent to which the compromised data has...

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