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 61

Insurance Cloud Digital transformation Customer Experience 61

The Last Watchdog

MARCH 13, 2023

So how will this affect chief information security officers (CISOs) and security programs? Given the perennial skills and staffing shortage in security, it’s unlikely that CISOs will be asked to make deep budget or staffing cuts, yet they may not come out of this period unscathed. Demonstrate secure practices to customers.

Security 203

Security Insurance Cybersecurity Customer Experience 203

Data Matters

JULY 30, 2018

In October 2017, the National Association of Insurance Commissioners (NAIC) adopted an Insurance Data Security Model Law. On May 3, 2018, South Carolina became the first state to enact this Model Law, in the form of the South Carolina Insurance Data Security Act (H.B.

Insurance 60

Insurance Security Cybersecurity Data breaches 60

OpenText Information Management

MAY 10, 2024

If it’s not accurate, accessible, and secure, organizations won’t get the desired results. Since AI relies on data to learn and improve, organizations must ensure their data is accurate, accessible, and secure. Examples include names, mailing addresses, phone numbers, social insurance numbers, and credit card details.

Security 57

Security Artificial Intelligence Privacy Compliance 57

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

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. The Framework.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

Hunton Privacy

NOVEMBER 8, 2023

Our previous blog post covered key proposed changes to the Cyber Regulation. The NYDFS, which regulates financial institutions including insurance companies, mortgage brokers and banks, adopted the original Cybersecurity Regulation in 2017. Specific compliance dates can be found on the NYDFS Cybersecurity Resource Center website.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

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

IBM Big Data Hub

MAY 9, 2024

Healthcare organizations need a strong data governance framework to help ensure compliance with regulations like the Health Insurance Portability and Accountability Act of 1996 (HIPAA) in the US and the General Data Protection Regulation (GDPR) in the EU. Despite this, many healthcare organizations face challenges.

Government 74

Government GDPR Compliance Analytics 74

IT Governance

SEPTEMBER 13, 2022

Organisations are continually urged to invest more in defences – whether it’s technological solutions, staff awareness training or revamped compliance practices – but if those solutions aren’t part of a cohesive strategy, the benefits will be minimal. The basis of all cyber security defence programmes is threat detection.

Risk 110

Risk Security Data breaches Phishing 110

Thales Cloud Protection & Licensing

MARCH 6, 2018

Every year, new regulations and compliance orders come into play that impact businesses across the world. My colleague Vikram Ramesh blogs more about Australia’s privacy amendment act here. Thales’ Jim DeLorenzo explains more about POPI in this blog post. Jim DeLorenzo also blogs about DEFCON 658 here.

Compliance 88

Compliance GDPR Encryption Data Privacy 88

Thales Cloud Protection & Licensing

DECEMBER 22, 2020

Cross-Border Data Privacy and Security Concerns in the Dawn of Quantum Computing. Traditionally, privacy has taken the form of a policy document created, housed, and referenced by the offices of general counsel and compliance at most organizations. Data privacy is not a check-the-box compliance or security item.

Data Privacy 118

Data Privacy Privacy Security Encryption 118

Thales Cloud Protection & Licensing

JANUARY 16, 2024

That includes banks, insurances, payment institutions, stock market, and many financial management firms (trading, crypt-assets, etc). That includes banks, insurances, payment institutions, stock market, and many financial management firms (trading, crypt-assets, etc). Cloud users remain responsible for the security in the cloud.

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

IT Governance

OCTOBER 11, 2022

One of the most common mistakes that organisations make when addressing cyber security is that they consider it a one-off event. This process should be embedded within your overall cyber security measures in what experts refer to as cyber defence in depth. What is threat management?

Risk 124

Risk GDPR Information Security Personal data 124

IT Governance

JANUARY 9, 2024

LockBit claims responsibility for Capital Health security incident The LockBit ransomware group has claimed responsibility for an attack on Capital Health , a healthcare provider in Pennington, New Jersey, last November. They accessed 41.5 The compromised data allegedly includes names, email addresses and phone numbers.

Data Privacy 75

Data Privacy Privacy Manufacturing Data breaches 75

Data Matters

OCTOBER 12, 2021

As articulated in President Biden’s May 2021 Executive Order , Improving the Nation’s Cybersecurity , “[t]he United States faces persistent and increasingly sophisticated malicious cyber campaigns that threaten the public sector, the private sector, and ultimately the American people’s security and privacy.” million, or 80%.

Data breaches 97

Data breaches Security Compliance Cloud 97

Daymark

DECEMBER 5, 2023

On October 30, 2023, the US Securities and Exchange Commission (SEC) announced fraud charges against SolarWinds and its former chief information security officer (CISO), alleging that “ SolarWinds’ public statements about its cybersecurity practices and risks were at odds with its internal assessments.”

Insurance 62

Insurance Cybersecurity Risk Information Security 62

IBM Big Data Hub

JULY 7, 2023

But with a proactive approach to data security, organizations can fight back against the seemingly endless waves of threats. IBM Security X-Force found the most common threat on organizations is extortion, which comprised more than a quarter (27%) of all cybersecurity threats in 2022. Where do data breaches originate?

Security 40

Security Data breaches Data Privacy Compliance 40

The Last Watchdog

OCTOBER 5, 2023

Here is Erin’s Q&A column, which originally went live on OneRep’s well-done blog.) For the first expert interview on our blog, we welcomed Pulitzer-winning investigative reporter Byron V. Byron is the founder and editor-in-chief of The Last Watchdog on Privacy & Security.

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

Data Matters

FEBRUARY 7, 2018

Companies that are subject to New York’s Cybersecurity Regulation are moving quickly to finalize their compliance obligations under the Cybersecurity Regulation, as the second “due date” quickly approaches – February 15, 2018.

Compliance 60

Compliance Cybersecurity Information Security Privacy 60

IT Governance

FEBRUARY 21, 2024

Fowler sent a responsible disclosure notice when he discovered the database and it was secured the following day. Welfare Benefits Plan Source 1 ; source 2 New Healthcare USA Yes 13,079 Insurance ACE/Humana Inc. Source New Manufacturing USA Yes 20,415 TECA Srl Source New Transport Italy Yes 16.7 GB AGC Flat Glass North America, Inc.

Data Privacy 52

Data Privacy Manufacturing Privacy Energy and Utilities 52

IT Governance

JANUARY 9, 2020

Almost everyone wants to know what the future has in store – particularly when it comes to cyber security. With that in mind, Geraint Williams, IT Governance’s chief information security officer, discusses his cyber security predictions in the upcoming year. Our predictions. Ransomware will continue to increase.

Security 98

Security IoT Phishing Ransomware 98

IT Governance

JANUARY 30, 2019

May 2018 brought a whirlwind of panic as organisations rushed to meet the compliance deadline, but it was followed by months of unnerving silence. In this blog, we recap the essentials of compliance, explaining how the Regulation works, who it applies to and how you can avoid the same mistakes that Google made. The basics.

GDPR 86

GDPR Compliance Personal data Data breaches 86

IBM Big Data Hub

MARCH 20, 2024

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. This means actively minimizing downtime and closing gaps in the supply chain to remain competitive.

Cloud 80

Cloud Financial Services Risk Business Services 80

Data Matters

SEPTEMBER 7, 2022

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.

Insurance 78

Insurance Paper Privacy Risk 78

KnowBe4

DECEMBER 6, 2022

Roger covers these three scams in a short [VIDEO] and in detail on the KnowBe4 blog: You Need to Pay a Bill Using Gift Cards. Blog post with 2:13 [VIDEO] and links you can share with your users and family: [link]. Live Demo] Ridiculously Easy Security Awareness Training and Phishing. Blog post with links: [link].

Security awareness 87

Security awareness Phishing Risk Insurance 87

OpenText Information Management

OCTOBER 18, 2022

It’s an essential part of enterprise communications for industries like healthcare, law, insurance and financial services. OpenTextTM is helping many organizations modernize their … The post The future of fax matters appeared first on OpenText Blogs. But fax in 2022 is far from a punch line.

Insurance 57

Insurance Financial Services Communications IT 57

IBM Big Data Hub

APRIL 24, 2024

Learn how organizations can use IBM Guardium® Data Protection software to monitor data wherever it is and enforce security policies in near real time. Examples of data privacy laws Compliance with relevant regulations is the foundation of many data privacy efforts.

Data Privacy 87

Data Privacy Privacy GDPR Personal data 87

IBM Big Data Hub

JANUARY 16, 2024

In this blog we’ll breakdown trends likely to come out of these major technological advancements plus other trends including sustainability, cybersecurity and the return of crypto. One example of this is in insurance. It’s important to recognize that hybrid cloud by default is different than hybrid cloud by design.

Financial Services 51

Financial Services Customer Experience Cloud Digital transformation 51

erwin

APRIL 11, 2019

Some industries, such as healthcare and financial services, have been subject to stringent data regulations for years: GDPR now joins the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry Data Security Standard (PCI DSS) and the Basel Committee on Banking Supervision (BCBS). employees).

GDPR 100

GDPR e-Discovery Compliance Metadata 100

Data Matters

APRIL 20, 2021

The Cybersecurity Guidance is directed at plan sponsors and fiduciaries regulated by the Employee Retirement Income Security Act of 1974 (ERISA) as well as plan participants and beneficiaries. Online Security Tips for plan participants and beneficiaries. Considerations for Plan Sponsors and Other Fiduciaries.

Cybersecurity 68

Cybersecurity Insurance Risk Compliance 68

IBM Big Data Hub

NOVEMBER 20, 2023

In 2023, organizations have faced an unprecedented level of pressure to digitally transform with the rise of generative AI as well as imperatives such as sustainability, labor productivity and security. The findings indicate that highly regulated industries are increasingly weighing risks, such as security, when considering the technology.

Cloud 92

Cloud Digital transformation Data structuring Marketing 92

IBM Big Data Hub

DECEMBER 8, 2023

Compliance risk: When an organization violates rules both internal and external, putting its reputation or finances at risk. Legal risk: This is a compliance risk that involves the organization breaking government rules, resulting in a risk of financial and reputational loss.

Risk 74

Risk Compliance Insurance IT 74

Data Matters

JUNE 24, 2021

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. The SEC’s Order provides critical insight for public companies’ disclosure regimes.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

Data Matters

DECEMBER 1, 2021

Concurrently, the OCC , the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (the Agencies) released a joint statement alerting the industry of their intent to provide additional guidance in the coming months concerning certain activities related to cryptoassets conducted by banking organizations.

Compliance 88

Compliance Risk Insurance Sales 88

IBM Big Data Hub

JANUARY 22, 2024

The photo will expedite the recovery process and help when filing a police report or a possible claim with your insurance company. Notify the security team Once you’ve disconnected the affected systems, notify your IT security team of the attack.

Ransomware 115

Ransomware Encryption Analytics Data breaches 115

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68