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 89

Insurance Data breaches Financial Services Passwords 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

The Guardian Data Protection

FEBRUARY 14, 2021

Tribunal ruling noted Brexit campaign and insurance company owned by its key backer had a ‘two-faced approach to regulation’ The Leave.EU Tribunal ruling noted Brexit campaign and insurance company owned by its key backer had a ‘two-faced approach to regulation’ The Leave.EU subscribers between August 2016 and February 2017.

Data breaches 144

Data breaches Insurance IT 144

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. See CT Gen Stat § 38a-999b (2015) ; 23 NYCRR 500.

Insurance 60

Insurance Security Cybersecurity Data breaches 60

CGI

DECEMBER 7, 2017

Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). Thu, 12/07/2017 - 15:43. In my previous blog , I introduced findings from in-person interviews CGI held in 2017 with more than 1,300 client executives across 17 countries, including insurance business and IT executives.

Insurance 40

Insurance Digital transformation Artificial Intelligence GDPR 40

CGI

DECEMBER 5, 2017

Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). Tue, 12/05/2017 - 17:24. In my previous blog , I introduced findings from in-person interviews CGI held in 2017 with more than 1,300 client executives across 17 countries, including insurance business and IT executives.

Insurance 40

Insurance Digital transformation Artificial Intelligence GDPR 40

Hunton Privacy

JUNE 12, 2020

Mears made over one billion spoofed robocalls to sell health insurance plans under a variety of business names including Rising Eagle and JSquared Telecom. The robocalls falsely claimed to offer health insurance plans from major insurers but instead were sold by entities not affiliated in any way with those insurers.

Insurance 96

Insurance IT Communications Government 96

CGI

DECEMBER 7, 2017

Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1). Thu, 12/07/2017 - 15:32. This year, we conducted in-person interviews with more than 1,300 client executives across 17 countries, including insurance business and IT executives. p.butler@cgi.com. Change accelerators.

Insurance 40

Insurance Digital transformation Blockchain Retail 40

Data Matters

DECEMBER 7, 2017

On October 26, 2017, the U.S. Department of Treasury released a 176-page Report examining the current regulatory framework for asset management and insurance industries. 3, 2017), and makes recommendations to ensure alignment. 3, 2017), and makes recommendations to ensure alignment. Report at 117.

Insurance 60

Insurance Data breaches Security Cybersecurity 60

CGI

JULY 31, 2017

Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1). Mon, 07/31/2017 - 05:30. This year, we conducted in-person interviews with more than 1,300 client executives across 17 countries, including insurance business and IT executives. harini.kottees…. Change accelerators.

Insurance 40

Insurance Digital transformation Blockchain Retail 40

IT Governance

FEBRUARY 5, 2018

Increased interest in cyber insurance. With more than 800 million records being leaked in 2017 ( find out more in our Breaches and Hacks Blog Archive ), it’s not surprising that cyber insurance business has increased in recent months. Insurers assess an organisation’s cyber risk to set premium levels.

Insurance 71

Insurance Risk Government Paper 71

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 64

Insurance Risk Marketing Cybersecurity 64

Hunton Privacy

NOVEMBER 27, 2017

On November 3, 2017, Securityroundtable.org published an article highlighting the vulnerabilities businesses face in a world of e-commerce and interconnectivity, and spotlighted a crisis-planning panel hosted by Hunton & Williams held on November 1. There is no question that cybersecurity is a top priority for C-suites and boards.

Insurance 45

Insurance Privacy Cybersecurity Risk 45

The Security Ledger

AUGUST 20, 2019

We talk to Bruce McDonnell of the East West Institute about how insurers are responding. Related Stories Episode 155: Disinformation is a Cyber Weapon and APTs warm to Mobile Malware Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats NotPetya Horror Story Highlights Need for Holistic Security.

Insurance 40

Insurance Risk Healthcare Manufacturing 40

IT Governance

APRIL 3, 2019

US food giant Mondelez is suing insurance company Zurich American for denying a $100 million (£76 million) claim filed after the NotPetya attack. NotPetya is a Windows-based piece of ransomware that infected organisations across the globe in 2017. Perilous future for cyber insurance. That’s the $100 million question.

Insurance 53

Insurance Ransomware Government Paper 53

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

Hunton Privacy

MARCH 29, 2017

On March 28, 2017, the French Data Protection Authority (“CNIL”) published its Annual Activity Report for 2016 (the “Report”) and released its annual inspection program for 2017.

Personal data 49

Personal data Healthcare GDPR Insurance 49

Krebs on Security

AUGUST 17, 2023

The international police organization INTERPOL said last week it had shuttered the notorious 16Shop, a popular phishing-as-a-service platform launched in 2017 that made it simple for even complete novices to conduct complex and convincing phishing scams. A 16Shop phishing page spoofing Apple and targeting Japanese users. Image: Akamai.com.

Phishing 185

Phishing Passwords Insurance Sales 185

CGI

SEPTEMBER 12, 2017

Data analytics – how should insurers look to the future? Tue, 09/12/2017 - 03:00. With a plethora of new data sources across the property and casualty (P&C) general insurance lifecycle now becoming available, how do insurers create an all-encompassing data analytics policy for the future?

Insurance 40

Insurance Analytics Risk IoT 40

CGI

MARCH 1, 2017

‘The Organist Entertains’ – reaction to the insurance Ogden discount rate cut. Wed, 03/01/2017 - 05:02. When I first saw the word ‘Ogden’ in the Insurance press I was immediately reminded of the long running BBC programme ‘the organist entertains’ hosted by Nigel Ogden. ravi.kumarv@cgi.com. I propose an alternative approach.

Insurance 40

Insurance IT 40

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion.

Insurance 87

Insurance Government Cybersecurity Risk 87

Hunton Privacy

NOVEMBER 13, 2023

On April 22, 2019, HHS began investigating DMS after receiving a breach notification indicating that DMS’ network server was infected by the Gandcrab ransomware in April 2017. DMS is a HIPAA business associate (“BA”) that provides payer credentialing and medical billing services to HIPAA Covered Entities (“CEs”).

Ransomware 72

Ransomware Risk Insurance Encryption 72

CGI

FEBRUARY 28, 2017

Insurers’ digital focus is looking through the wrong ‘lens’. Tue, 02/28/2017 - 03:52. Read any article on digital insurance and it seems to me that it is all about the insurers! harini.kottees….

Insurance 40

Insurance Big data IoT Manufacturing 40

Troy Hunt

NOVEMBER 14, 2023

That's the context that accompanied a massive trove of data that was sent to me 2 years ago now. I looked into it, tried to attribute and verify it then put it in the "too hard basket" and moved onto more pressing issues. One of the first things I do after receiving a data breach is to literally just Google it: acuity data breach.

Insurance 122

Insurance Data breaches Mining IT 122

CGI

FEBRUARY 28, 2017

Digital Transformation in UK General Insurance: Where do MGAs fit in? Tue, 02/28/2017 - 04:15. According to the latest ABI data 48% of motor insurance premiums and 76% of home insurance premiums are purchased via intermediaries (excluding aggregator web sites). harini.kottees…. Source ABI Website November 2016.

Digital transformation 40

Digital transformation Insurance Marketing Retail 40

IT Governance

JULY 23, 2019

Equifax has agreed to pay up to $700 million (about £561 million) as part of a settlement with US regulators following its mammoth data breach in 2017. The breach occurred between May and July 2017, as cyber criminals exploited a remote code execution vulnerability in Apache Struts 2, an open-source framework for developing Java web apps.

Data breaches 66

Data breaches Insurance Cybersecurity Government 66

Krebs on Security

MARCH 3, 2020

Last week, KrebsOnSecurity reported to health insurance provider Blue Shield of California that its Web site was flagged by multiple security products as serving malicious content. How did a browser extension lead to a malicious link being added to the health insurance company Web site?

Insurance 272

Insurance File names Risk Marketing 272

The Last Watchdog

APRIL 30, 2019

That could be for insurance purposes. “As As with any insurance, cyber insurance really requires due care.” “So if one were to have an incident and file a claim, the first thing that’s going to happen is the insurance company is going to bring in some consultants to look at your cyber posture.” Talk more soon.

Cybersecurity 143

Cybersecurity Insurance Security Privacy 143

Security Affairs

JANUARY 6, 2019

The Dark Overlord hacking group claims to have stolen a huge trove of documents from the British insurance company Hiscox, Hackers stole “hundreds of thousands of documents,” including tens of thousands files related to the 9/11 terrorist attacks. In October 2017, the group broke into the celeb London Bridge Plastic Surgery clinic.

Insurance 111

Insurance Data breaches Sales Government 111

Krebs on Security

APRIL 26, 2021

In 2017, KrebsOnSecurity showed how easy it is for identity thieves to undo a consumer’s request to freeze their credit file at Experian , one of the big three consumer credit bureaus in the United States. “They’re allowing this huge security gap so they can make a profit. And this has been going on for at least four years.”

Security 306

Security Authentication Access Insurance 306

Data Protection Report

JUNE 2, 2021

million settlement with two related insurance companies, relating to violations of two different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2019. Readers may recall that NYDFS’ cybersecurity regulation went into effect in March of 2017. NYDFS Cybersecurity Regulation.

Cybersecurity 70

Cybersecurity Insurance Financial Services Phishing 70

Hunton Privacy

AUGUST 28, 2018

As reported on Hunton’s Insurance Recovery blog , the Second Circuit has rejected Chubb subsidiary Federal Ins. s request for reconsideration of the court’s July 6, 2018, decision, confirming that the insurer must cover Medidata’s $4.8 million loss under its computer fraud insurance policy. July 9, 2018, 2nd Cir.

Insurance 45

Insurance Phishing Access IT 45

Hunton Privacy

FEBRUARY 22, 2017

On February 17, 2017, Horizon Blue Cross Blue Shield of New Jersey (“Horizon”) agreed to pay $1.1 The stolen laptops contained policyholder electronic Protected Health Information (“ePHI”), including names, addresses, birth dates, insurance identifications and, in some cases, Social Security numbers and clinical data.

Insurance 45

Insurance Privacy Encryption Passwords 45

IBM Big Data Hub

OCTOBER 2, 2023

Since 2017, the FertilityAnswers network of more than 400 medical professionals has been providing responses to anonymous user questions, but the company was concerned about scaling their volunteer-based system. The company now expects to scale its user base in a way that was not possible before.

Insurance 91

Insurance Libraries Analytics Marketing 91

eDiscovery Daily

MARCH 23, 2020

In this theft-of-business-property insurance claim case, each party had a significantly different view about the time of when the defendant first anticipated litigation. August 3, 2017 , because it was the date when “Covington’s assigned claims administrator sent the insured correspondence. Case Background.

Insurance 56

Insurance Education IT 56

AIIM

APRIL 21, 2022

It doesn’t matter if you’re an insurance company, local government agency, or something else. Back in 2017, AIIM concluded that at the heart of every Digital Transformation journey was the need to understand, anticipate, and redefine internal and external customer expectations. A few days later, a box arrived at my front door.

Customer Experience 147

Customer Experience Digital transformation Insurance Government 147

Data Matters

DECEMBER 11, 2018

The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. This post summarizes the highlights from this meeting. groups with non-U.S.

Insurance 68

Insurance Paper Risk Big data 68