Publication
The robots are coming … is insurance ready for AI?
The insurance industry is founded on predicting, as accurately as possible, whether or not a risk will materialise in a fast-moving competitive environment.
United States | Publication | November 2022
On October 21, 2022, the US Department of Health and Human Services, along with the FBI and the Cybersecurity Infrastructure and Security Agency (CISA), issued a bulletin warning that a cyber threat actor group known as "Daixin Team," is actively targeting US businesses, predominantly in the healthcare and public health sectors, with ransomware and data extortion operations. The bulletin contains several technical recommendations that should be passed along and, if possible, implemented by your IT teams.
But cybersecurity begins at the top of an organization, a point the Federal Trade Commission (FTC) emphasized in a proposed consent issued on October 24. In that matter, the FTC alleged that a company's failure to use appropriate information security practices was the responsibility of the CEO. The FTC alleged that the CEO did not implement, or properly delegate responsibility to implement, reasonable information security practices, by failing to hire an executive responsible for information security—although he hired executives for many other areas. In the proposed consent, that individual, for the next 10 years, will be responsible for ensuring that any future company where he is a majority owner or CEO (or similar position) has implemented and maintains a comprehensive information security program.
If you have questions about implementing your security program or conducting ongoing risk assessments, please contact the Norton Rose Fulbright professionals listed below.
Publication
The insurance industry is founded on predicting, as accurately as possible, whether or not a risk will materialise in a fast-moving competitive environment.
Publication
The increasing frequency and severity of climate-related natural disasters is having a big impact on physical risk exposures and the increasing protection gap.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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