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Legislative Efforts in the Wake of Maritime Cyberattacks

In June, the maritime industry experienced what many consider a particularly insidious form of cyberattack known as GPS Spoofing, where global positioning system data is subtly manipulated to the point of grave inaccuracy. According to the US Maritime Administration, at least 20 ships in the Black Sea were affected. While at sea, these ships erroneously reported positions at an airport...

NAIC Proposed Insurance Data Security Model Law Explained

Eversheds Sutherland’s legal alert, NAIC Takes Major Step Toward Final Approval of Insurance Data Security Model Law, was featured in this article for Captive.com.  

NAIC Report: 2017 Summer National Meeting

The National Association of Insurance Commissioners (NAIC) met in Philadelphia, Pennsylvania for the 2017 Summer National Meeting from August 5-9. Commissioners, staff and interested parties alike converged in Philadelphia hoping for a busy and productive meeting ahead of what is expected to be a sparsely attended Fall National Meeting in Honolulu, Hawaii. The National Meetings were...

Is the Shipping Industry on Cybersecurity Autopilot?

In his article for The Maritime Executive, Eversheds Sutherland (US) Partner Michael Bahar provides insight on the cyber risks associated with the possibility of automated ships and what the US House Intelligence Committee and the US Coast Guard are doing to mitigate these risks. Ultimately, for the maritime industry and for those industries reliant on the maritime industry, Michael...

NAIC Takes Major Step Toward Final Approval of Insurance Data Security Model Law

In a flurry of approvals last week, the National Association of Insurance Commissioners (NAIC) took substantial steps toward finalizing its proposed Insurance Data Security Model Law during the 2017 NAIC Summer National Meeting in Philadelphia. The Model Law establishes minimum cybersecurity standards consistent with New York’s cybersecurity regulation. The approval of the Model Law by...

What European Financial Institutions need to know about New York’s Cybersecurity Regulations

From 28 August 2017, banks, insurers, and other financial institutions operating in New York will be required to comply with the New York Department of Financial Services (“NYDFS”) Cybersecurity Requirements for Financial Services Companies (the “Regulations”). Finalized on March 1, 2017, firms had 180 days from the effective date to comply with the core requirements of the...

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