Insurance Requirements
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Aflac Discloses Cyber Breach Amid Rising Attacks on Insurance Sector
Aflac has confirmed a security breach involving personal and health information amid a wider campaign targeting insurance companies across the U.S. The company is investigating the incident with external cybersecurity experts, signaling a growing trend of cyber threats against the insurance sector.
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Scania Confirms Cybersecurity Breach Involving Compromised Credentials and Extortion Attempt
Scania has confirmed a cybersecurity breach that involved the theft of insurance claim documents using compromised credentials. The attack was followed by extortion attempts, with the attackers threatening to leak the data unless demands were met.
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Cyber Crime Crew Scattered Spider Targets US Insurance Companies Amid Ransomware Surge
A rise in ransomware attacks targeting US insurance companies has been attributed to the cybercrime group Scattered Spider, prompting warnings from Google about the necessity for heightened security measures within the industry.
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European Insurance Authority Proposes Strict Capital Requirements for Crypto Holdings
The European Union’s insurance authority has proposed a requirement for firms to maintain capital equal to their full crypto holdings to mitigate risks for policyholders, setting a new standard for the insurance industry.
