Cyber Intelligence Newsletter

December 2023

Dedicated to exploring the latest cyber trends, market updates and critical cyber risk & security considerations that are of the highest relevance to our clients and colleagues. Please reach out to the Alliant Cyber team for more information. Never miss an issue, subscribe to the newsletter.

Key Learnings from a Cybersecurity Mishap

The recent consent order between the New York State Department of Financial Services (DFS) and a prominent title insurance company is the latest example of financial institutions increasingly finding themselves in the crosshairs of regulators.

Featured Content from the Executive Liability Insights Newsletter:

PIXEL TRACKING CLASS-ACTION

2023 DATA BREACHES

CALIFORNIA’S “DELETE ACT”

PIXEL TRACKING CLASS-ACTION LAWSUIT FILED UNDER FEDERAL RACKETEERING STATUTE

[{"key":"c5523e35-66eb-4e2f-81fb-c9e0a7785102","name":"Text area","ncContentTypeAlias":"aTextArea","PropType":null,"aText":"Following a congressional report of a data breach involving taxpayer information, a reputable attorney has filed a lawsuit against tax preparing and tech giant companies for their failure to alert consumers about the sale of their data. "}]

Following a congressional report of a data breach involving taxpayer information, a reputable attorney has filed a lawsuit against tax preparing and tech giant companies for their failure to alert consumers about the sale of their data.

2023 – A RECORD-BREAKING YEAR FOR DATA BREACHES

[{"key":"bd968070-b813-430f-afe7-a551ede70ffb","name":"Text area","ncContentTypeAlias":"aTextArea","PropType":null,"aText":"According to a recent report released by the Identity Theft Resource Center (ITRC), 2023 has already broken the annual record for data breaches. In fact, the ITRC reports that the first three quarters of the 2023 year saw 2,116 data breaches, surpassing the all-time recorded high of 1,862 which was set in 2021."}]

According to a recent report released by the Identity Theft Resource Center (ITRC), 2023 has already broken the annual record for data breaches. In fact, the ITRC reports that the first three quarters of the 2023 year saw 2,116 data breaches, surpassing the all-time recorded high of 1,862 which was set in 2021.

CALIFORNIA’S “DELETE ACT”: VICTORY FOR PRIVACY ADVOCATES

[{"key":"61462918-00ed-452c-9895-7e645939aa21","name":"Text area","ncContentTypeAlias":"aTextArea","PropType":null,"aText":"Recently, California Governor, Gavin Newsom, signed the “Delete Act” (the “Act”) into law. Under this new law, Californians will now have the opportunity to have their personal data deleted from data brokers’ records."}]

Recently, California Governor, Gavin Newsom, signed the “Delete Act” (the “Act”) into law. Under this new law, Californians will now have the opportunity to have their personal data deleted from data brokers’ records.

Crime and fidelity bonds to protect you from employee dishonesty.

Cybersecurity Tips for Online Shopping During the Holidays

As the holiday season sees an increase in online transactions, cybercriminals actively exploit this surge in activity to launch phishing attacks, create fraudulent websites and employ various tactics to compromise sensitive information.

Podcast: A Look Inside the SolarWinds Cyber Incident & SEC Charges

Join Brian Dunphy, CJ Dietzman, Steve Shappell and David Finz as they examine this complex cybersecurity breach and explore the SECs stance, the implications for D&O and cyber insurance and strategies to fortify cyber defenses.

Podcast: What Happens When a Cyber-Attack Goes Beyond Ransomware?

Join CJ Dietzman and Bobby Horn, Alliant Cyber, as they discuss the complexities of cyber business disruption beyond ransomware and network disruptions, and the implications, insurance nuances and proactive strategies crucial for organizations facing critical threats.

Podcast: How AI and Misuse of Section 533 are Affecting the Insurance Landscape

Steve Shappell and David Finz, Alliant Claims & Legal review the alarming trend of Section 533 misuse, denying coverage for deliberate acts in management liability claims.

Podcast: Cyber Risks for Financial Institutions During M&A

Jacob Borth, Nolan Wilson and Michael White highlight the prevalence of cyber threats to financial institutions engaged in mergers and acquisitions and the role of due diligence and reps and warranties insurance to address these heightened cyber exposures.

Alliant Cyber Podcasts

Our Alliant podcasters have a great lineup of topics that cover a range of issues, including ransomware, social engineering and cyber risk management. Never miss a cyber podcast by subscribing to the Alliant Insurance Podcasts wherever you listen to podcasts!

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