IBM Big Data Hub

MAY 8, 2023

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. Usage risk—inaccuracy The performance of an AI system heavily depends on the data from which it learns.

Insurance 70

Insurance Risk Artificial Intelligence Government 70

KnowBe4

DECEMBER 30, 2022

Analysis of the year’s breaches shows Finance and Insurance businesses are the most targeted and have lost a material count of records as a result.

Insurance 89

Insurance Data breaches Security awareness Security 89

Krebs on Security

JULY 21, 2023

But one aspect of that vaunted list that hasn’t shifted much since is that very few of these companies list any security professionals within their top executive ranks. This is actually down from five of the Fortune 100 in 2018, the last time KrebsOnSecurity performed this analysis.

Security 217

Security Risk Insurance Cybersecurity 217

IT Governance

AUGUST 25, 2022

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

Insurance 105

Insurance IT Government Risk 105

Data Breach Today

SEPTEMBER 6, 2019

This week's ISMG Security Report takes a close look at whether an iPhone hacking campaign may be linked to Android spying campaigns by China. Plus: Do ransomware gangs target organizations that have cyber insurance?

Insurance 141

Insurance Ransomware Security 141

IBM Big Data Hub

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 58

Insurance Cloud Digital transformation Customer Experience 58

IT Governance

JANUARY 3, 2024

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. billion records The security researcher Jeremiah Fowler discovered an unprotected database exposing more than 1.5 Fowler contacted the company, which secured the database.

Data Privacy 107

Data Privacy Insurance Manufacturing Retail 107

Security Affairs

MAY 27, 2024

Cloud Security Challenges However, adopting cloud computing significantly expanded the attack surface for businesses, effectively dissolving the traditional network perimeter. This shift introduced new vulnerabilities, and conventional security measures designed to protect a well-defined, centralized perimeter were no longer enough.

Cloud 95

Cloud Security Compliance B2B 95

eSecurity Planet

APRIL 26, 2024

Network security architecture is a strategy that provides formal processes to design robust and secure networks. Effective implementation improves data throughput, system reliability, and overall security for any organization. Network Elements Networks connect physical and virtual assets and control the data flow between them.

Security 117

Security Cloud Cybersecurity Risk 117

Data Breach Today

OCTOBER 4, 2021

The latest edition of the ISMG Security Report features an analysis of how a cryptocurrency exchange bug has revealed North Korean monero laundering. Also featured are cyber insurance trends and cybercrime innovation.

Insurance 141

Insurance Security 141

IT Governance

FEBRUARY 15, 2022

This is as true in the cyber security landscape as it is in any other. To help you understand what might be in store in 2022, we’ve collected nine forecasts from cyber security experts. Cyber insurance will become more popular and more comprehensive. Cyber insurance premiums will increase. But predictions are difficult.

Security 142

Security Insurance Authentication Passwords 142

The Last Watchdog

JUNE 2, 2022

Big banks and insurance companies instilled the practice of requesting their third-party vendors to fill out increasingly bloated questionnaires, called bespoke assessments, which they then used as their sole basis for assessing third-party risk. It does this by ingesting and correlating data from a wide array of security-related datasets.

Security 266

Security Risk Digital transformation Insurance 266

IT Governance

APRIL 29, 2024

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. 5,255,944,117 known records breached in 128 newly disclosed incidents Welcome to this week’s global round-up of the biggest and most interesting news stories.

Data Privacy 94

Data Privacy Privacy Manufacturing Security 94

Security Affairs

AUGUST 7, 2019

The American group of insurance and financial services companies State Farm disclosed a credential stuffing attack it has suffered in July. The American group of insurance and financial services companies State Farm revealed that it was the victim of a credential stuffing attack it has suffered in July. The experts detected 8.3

Insurance 85

Insurance Data breaches Financial Services Passwords 85

IT Governance

JULY 15, 2019

Cyber insurance is big business these days. Damages incurred by information security incidents generally aren’t covered in commercial insurance policies, so a specific policy is necessary to help cover the costs of things like forensic investigation, incident response and notification procedures.

Insurance 89

Insurance Data breaches Risk Information Security 89

Hunton Privacy

FEBRUARY 25, 2021

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

Insurance 70

Insurance Cybersecurity Risk Education 70

IT Governance

FEBRUARY 6, 2024

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. 38,846,799 known records breached in 140 publicly disclosed incidents Welcome to this week’s global round-up of the biggest and most interesting news stories.

Data Privacy 88

Data Privacy Privacy Insurance Security 88

Security Affairs

APRIL 8, 2024

Greylock McKinnon Associates (GMA) provides expert economic analysis and litigation support to a diverse group of domestic and international clients in the legal profession, the business community, and government agencies, including the Department of Justice (DoJ).

Data breaches 106

Data breaches Insurance Cybersecurity Government 106

IT Governance

DECEMBER 5, 2023

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. The security researcher Bob Diachenko of SecurityDiscovery first identified the exposed information in mid-September. Organisation name Sector Location Data exfiltrated?

Data Privacy 106

Data Privacy Privacy Manufacturing Retail 106

eSecurity Planet

AUGUST 9, 2022

Regulatory compliance and data privacy issues have long been an IT security nightmare. GDPR (among other legal requirements in the EU and elsewhere) can expose multinational organizations to hefty financial penalties, additional rules for disclosing data breaches, and increased scrutiny of the adequacy of their data security.

Data Privacy 145

Data Privacy Compliance Privacy Security 145

Info Source

DECEMBER 8, 2023

In our vertical market sizing and analysis, we cover horizontal use cases e.g., accounting, HR management, as well as vertical specific use cases e.g., bank account opening, mortgage processing and insurance claims processing. The major Capture & IDP use cases in the Insurance sector also relate to Case Management.

Marketing 40

Marketing Customer Experience Energy and Utilities Digital transformation 40

eSecurity Planet

MARCH 17, 2023

Whether you’re operating a global enterprise network or a small family business, your network’s security needs to be optimized with tools, teams, and processes to protect customer data and valuable business assets. Also read: What is Network Security?

Security 117

Security Encryption Analytics Cloud 117

Hunton Privacy

FEBRUARY 29, 2024

The resolution agreement requires Green Ridge to pay $40,000 to OCR and enter into a Corrective Action Plan that obligates Green Ridge to, among other items: Implement a security management process, including a thorough risk analysis, which is to be provided to HHS for review within 60 days.

Ransomware 111

Ransomware Personal data Risk Privacy 111

Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in $6.2 billion in 2019.

Insurance 308

Insurance Financial Services Mining Access 308

IT Governance

APRIL 9, 2024

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. million unique Social Security numbers. Other databases contained health insurance data, such as patents’ names, dates of birth, addresses and medical data.

Data Privacy 52

Data Privacy Privacy Security Manufacturing 52

IT Governance

DECEMBER 11, 2023

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Researchers from the German cyber security company Aplite discovered 3,806 servers from 111 countries accessible on the Internet. Data breached: more than 59 million data records.

Data Privacy 101

Data Privacy Energy and Utilities Privacy Manufacturing 101

Security Affairs

MAY 3, 2022

The threat actor systematically utilized software distributed by security vendors to sideload ShadowPad and PlugX variants.” ” reads the analysis published by SentinelOne. The attackers focused on the hijacking of programs belonging to security vendors, including Symantec, TrendMicro, BitDefender, McAfee and Kaspersky.

Security 101

Security Military Insurance Cybersecurity 101

IT Governance

FEBRUARY 22, 2022

Information security management is a way of protecting an organisation’s sensitive data from threats and vulnerabilities. The process is typically embedded via an ISMS (information security management system) , which provides the framework for managing information security. Why is information security management important?

Information Security 138

Information Security Security Data breaches Risk 138

Security Affairs

AUGUST 19, 2019

A study conducted by researchers at Cyjax revealed that organizations expose sensitive data via sandboxes used for malware analysis. Experts at the threat intelligence firm Cyjax analyzed file uploaded by organizations via malware analysis sandboxes and discovered that they were exposing sensitive data. Pierluigi Paganini.

Military 79

Military Insurance Education Phishing 79

Hunton Privacy

OCTOBER 14, 2021

During the week of October 4, 2021, California Governor Gavin Newsom signed into law bills amending the California Privacy Rights Act of 2020 (“CPRA”), California’s data breach notification law and California’s data security law. Genetic Data: California Data Breach Notification and Data Security Law Amendment Bill.

Privacy 98

Privacy Insurance Security Data breaches 98

Security Affairs

MAY 12, 2024

The alert provides Tactics, Techniques, and Procedures (TTPs) and Indicators of Compromise (IOCs) obtained from law enforcement investigations and reports from third-party security firms. ” reads the CSA. The largest received ransom payment was $9 million, and at least 18 of the ransoms exceeded $1 million.

Ransomware 109

Ransomware Blockchain Retail Insurance 109

IT Governance

NOVEMBER 6, 2023

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. It secured its systems, notified law enforcement and began investigating the incident. Welcome to this week’s round-up of the biggest and most interesting news stories.

Data Privacy 97

Data Privacy Privacy Libraries Security 97

Security Affairs

MAY 1, 2023

Bitmarck, one of the largest IT service providers for social insurance carriers in Germany, announced yesterday that it has suffered a cyber attack. The incident impacted statutory health insurance companies that have their IT operated by BITMARCK. Our early warning systems have reported an attack on BITMARCK’s internal systems.

IT 78

IT Insurance Data breaches Education 78

Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 60

Insurance Risk Marketing Cybersecurity 60

IT Governance

OCTOBER 24, 2023

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Incident details: Network security incident, where allegedly AlphV gained unauthorised access and made demands to the hospital’s leadership, suggesting a ransomware attack.

Data Privacy 107

Data Privacy Privacy Security Data breaches 107

IT Governance

MARCH 5, 2024

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Source (New) Engineering Japan Yes >5 TB Array Networks Source (New) Cyber security USA Yes 2.5

Data Privacy 52

Data Privacy Privacy Manufacturing Retail 52

Adam Levin

APRIL 10, 2019

A security analysis of 30 major banking and financial apps has shown major security holes and a lax approach to protecting user data. Aite declined to identify the companies behind the apps researched or say whether they had warned the companies about the security holes discovered in their apps.

Retail 74

Retail Security Insurance Encryption 74