IBM Big Data Hub

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. One example of this is in insurance.

Financial Services 51

Financial Services Customer Experience Cloud Digital transformation 51

IT Governance

FEBRUARY 21, 2024

Fowler sent a responsible disclosure notice when he discovered the database and it was secured the following day. In January 2024, it identified more potential victims, and has now written to inform them that their personal data may have been compromised in the incident. The total number of victims is now more than 5 million.

Data Privacy 52

Data Privacy Manufacturing Privacy Energy and Utilities 52

IT Governance

FEBRUARY 14, 2024

Compromised data includes policyholders’ and their families’ civil status, dates of birth and social security numbers, as well as the name of their health insurer and information relating to their contracts. It has since been confirmed by Anukul Peedkaew, the permanent secretary of social development and human security.

Data Privacy 52

Data Privacy Manufacturing Privacy Security 52

Security Affairs

APRIL 8, 2024

The data breach occurred on May 30, 2023, and was discovered on February 7, 2024. We received confirmation of which individuals’ information was affected and obtained their contact addresses on February 7, 2024.” The company announced that it deleted DOJ data from its systems after the incident.

Data breaches 112

Data breaches Insurance Cybersecurity Government 112

OpenText Information Management

NOVEMBER 22, 2023

All of these elements have put pressure on the financial … The post Predictions for the financial services industry in 2024 appeared first on OpenText Blogs.

Financial Services 57

Financial Services Artificial Intelligence Customer Experience Content services 57

Security Affairs

APRIL 10, 2024

The Group Health Cooperative of South Central Wisconsin (GHC-SCW) is a non-profit organization that provides health insurance and medical care services to its members in the Madison metropolitan area of Wisconsin. The Information Technology (IT) Department isolated and secured the organization’s network in response to the incident.

Data breaches 115

Data breaches e-Discovery Ransomware Insurance 115

Data Matters

JUNE 23, 2022

Kentucky and Maryland recently continued the trend of state insurance departments adopting some version of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Data Security Model Law. The post Kentucky and Maryland Recently Joined Other States in Adopting NAIC Model Data Security Law.

Insurance 103

Insurance Security Cybersecurity Information Security 103

Security Affairs

FEBRUARY 3, 2024

The company also expects a negative on the fiscal year 2024 results. ” The company added that it did not record any insurance proceeds in the three and six months ending on December 31, 2023, associated with the cyberattack. ” reads the SEC filing.

Insurance 106

Insurance Sales Ransomware Marketing 106

IT Governance

MARCH 20, 2024

In the UK, cyber security has been dropping down the board’s list of priorities. The UK government’s Cyber Security Breaches Survey 2023 confirms this trend. Fewer directors, trustees and other senior managers of both UK businesses and charities see cyber security as a high priority in 2023 compared to 2022. Specifically, a 13.4%

Security 116

Security Data breaches Government Insurance 116

Security Affairs

APRIL 16, 2024

The chipmaker has 14,000 employees as of 2024. Gb - NDA The group published a set of files as proof of the security breach and threatens leak all the stolen data if the victim will not pay the ransom. . - The chipmaker confirmed it became aware of the unauthorized access to certain Nexperia IT servers in March 2024.

Ransomware 111

Ransomware Manufacturing Insurance Cybersecurity 111

Security Affairs

APRIL 4, 2024

email address, phone number), date of birth, social security number, driver’s license or other government identification, financial details (e.g., According to the notification letter sent to the impacted individuals, the security breach occurred between July 7, 2023 and October 15, 2023 and was discovered on March 25, 2024.

Data breaches 99

Data breaches Insurance Government Security 99

The Last Watchdog

JULY 13, 2023

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. In 2024, it is predicted to remain at 27% whilst business preparedness for this risk continues to decline.

Risk 189

Risk Insurance Energy and Utilities Marketing 189

eSecurity Planet

APRIL 29, 2024

April 22, 2024 CISA Adds 2022 Windows Print Spooler Vulnerability to KEV Catalog Type of vulnerability: Elevation of privilege. The exploitation disclosure led the US Cybersecurity Infrastructure and Security Agency (CISA) to add the vulnerability to the known exploited vulnerabilities (KEV) catalog. The problem: The CVSS 10.0/10.0

Cybersecurity 67

Cybersecurity Ransomware Access Insurance 67

eDiscovery Daily

FEBRUARY 12, 2024

We narrowed down our many Legalweek 2024 learnings to six key takeaways. Clare Chalkley, VP of legal services at Integreon disclosed the stats from the 2024 State of the Industry report by eDiscovery Today/Doug Austin. The once taboo topic of sexual harassment in our industry also came roaring to the surface.

CMS 41

CMS Phishing Communications Insurance 41

eDiscovery Daily

FEBRUARY 11, 2024

We narrowed down our many Legalweek 2024 learnings to six key takeaways. Clare Chalkley, VP of legal services at Integreon disclosed the stats from the 2024 State of the Industry report by eDiscovery Today/Doug Austin. The once taboo topic of sexual harassment in our industry also came roaring to the surface.

CMS 41

CMS Phishing Communications Insurance 41

Krebs on Security

FEBRUARY 20, 2024

The government says Russian national Artur Sungatov used LockBit ransomware against victims in manufacturing, logistics, insurance and other companies throughout the United States. This prompted several XSS members to start posting memes taunting the group about the security failure. Ivan Gennadievich Kondratyev , a.k.a.

Ransomware 266

Ransomware Encryption Insurance Manufacturing 266

Hunton Privacy

FEBRUARY 21, 2024

On February 16, 2024, the U.S. The publication features guidance and recommendations for cybersecurity measures for HIPAA covered entities to consider in the development of their information security programs, a requirement of HIPAA’s Security Rule.

Cybersecurity 52

Cybersecurity Insurance Risk Information Security 52

Security Affairs

FEBRUARY 28, 2024

The company discovered the security breach on February 21 and immediately launched an investigation into the incident. “On February 21, 2024, Cencora, Inc. ” Form 8-K filing with the Securities and Exchange Commission (SEC). The Company had $238.6

Healthcare 94

Healthcare Data breaches Ransomware Insurance 94

Security Affairs

JANUARY 19, 2024

VF immediately began taking measures to remediate the attack and launched an investigation into the security breach. ” reads a Form 8-K filed with the Securities and Exchange Commission (SEC) on January 18, 2024. million individual consumers.” ” concludes the Form 8-K.

Data breaches 115

Data breaches Passwords Retail Insurance 115

Hunton Privacy

FEBRUARY 29, 2024

On February 21, 2024, the U.S. 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

APRIL 16, 2024

Rescator added that there was a second database of around 80,000 corporations that included social security numbers, names and addresses, but no financial information. In January 2024, authorities in Australia, the United States and the U.K. “At the time, it was one of the largest breaches in U.S. Image: Archive.org.

Sales 223

Sales Retail Insurance Access 223

Hunton Privacy

NOVEMBER 8, 2023

The NYDFS, which regulates financial institutions including insurance companies, mortgage brokers and banks, adopted the original Cybersecurity Regulation in 2017. Regulated entities generally have until April 29, 2024 to comply with the amended Regulation. The amended Cybersecurity Regulation will take effect in phases.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

Data Protection Report

AUGUST 29, 2022

On July 13, 2022, the Office of the Superintendent of Financial Institutions (OSFI) released its final Guideline B-13 (the Guideline), setting out technology and cyber risk management expectations for all federally regulated financial institutions (FRFIs), such as banks, insurance and trust companies. Read the full update here.

Risk 116

Risk Insurance Cybersecurity Government 116

The Last Watchdog

DECEMBER 12, 2023

•What should I be most concerned about – and focus on – in 2024? Hackers now leverage GenAI to launch targeted attacks that bypass traditional security systems. Hackers now leverage GenAI to launch targeted attacks that bypass traditional security systems. The comments we received were uniformly insightful and helpful.

Cybersecurity 258

Cybersecurity Phishing Authentication Analytics 258

Security Affairs

FEBRUARY 12, 2024

. : [link] — François-Philippe Champagne (FPC) (@FP_Champagne) February 8, 2024 In Canada, the authorities estimated that 90,000 vehicles are stolen, equating to one car stolen every six minutes. This includes substantial costs for insurers, reaching an estimated $542 million annually, to repair or replace stolen vehicles.

Sales 101

Sales Government Insurance IT 101

Security Affairs

JANUARY 23, 2024

The Black Basta ransomware group added Southern Water to the list of victims on its Tor data leak site and threatened to leak the stolen data on February 29, 2024. A joint research by Elliptic and Corvus Insurance revealed that the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. southernwater.co[.]uk

Encryption 118

Encryption Ransomware Blockchain Insurance 118

Data Protection Report

JANUARY 4, 2024

Does the national defense bill (National Defense Authorization Act for Fiscal Year 2024, signed on December 22, 2023) require the Department of Defense to develop a “bug bounty” program for certain large artificial intelligence models being integrated into the missions and operations of the Department of Defense? Answers are below.

Privacy 110

Privacy Cybersecurity Artificial Intelligence e-Discovery 110

Security Affairs

FEBRUARY 27, 2024

Optum Solutions is a subsidiary of UnitedHealth Group, a leading health insurance company in the United States. “On February 21, 2024, UnitedHealth Group (the “Company”) identified a suspected nation-state associated cyber security threat actor had gained access to some of the Change Healthcare information technology systems. .

Ransomware 92

Ransomware Government Insurance Manufacturing 92

Hunton Privacy

SEPTEMBER 21, 2023

If enacted, the Act’s provisions would become effective in multiple steps between 2024 and 2028. However, the Act would not extend to entities covered by the Fair Credit Reporting Act, the Gramm-Leach-Bliley Act and the Health Insurance Portability and Accountability Act, as well as entities covered by the California Insurance Code.

Insurance 69

Insurance Personal data Sales Compliance 69

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

Data Matters

SEPTEMBER 20, 2021

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

Insurance 88

Insurance e-Delivery Paper Sales 88

Security Affairs

FEBRUARY 28, 2024

The US agencies released a report containing IOCs and TTPs associated with the ALPHV Blackcat RaaS operation identified through law enforcement investigations conducted as recently as February 2024. Optum Solutions is a subsidiary of UnitedHealth Group, a leading health insurance company in the United States.

Ransomware 107

Ransomware Government Insurance Manufacturing 107

Thales Cloud Protection & Licensing

JANUARY 16, 2024

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. The adoption of cloud computing is a way to improve the security and the resilience of ICT services.

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

Security Affairs

FEBRUARY 8, 2024

26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 million unfilled cyber security jobs, showing a big need for skilled professionals. million per breach.

Security 124

Security Phishing IoT Ransomware 124

IBM Big Data Hub

MARCH 20, 2024

With more dependency on technology and third and fourth parties, expectations are increasing for organizations to continue delivering critical business services through a major disruption in a safe and secure manner. This means actively minimizing downtime and closing gaps in the supply chain to remain competitive.

Cloud 81

Cloud Financial Services Risk Business Services 81

IT Governance

APRIL 22, 2024

Compromised data includes names, passport numbers, Social Security numbers, online crypto account identifiers and bank account numbers. Publicly disclosed data breaches and cyber attacks: in the spotlight Criminal hackers threaten to leak World-Check screening database A criminal group known as GhostR claims to have stolen 5.3

Data Privacy 52

Data Privacy Privacy Manufacturing Security 52

Hunton Privacy

JULY 12, 2023

The OCPA provides an exemption to personal data subject to the Gramm-Leach-Bliley Act, the Health Insurance Portability and Accountability Act, and a number of other federal laws. If signed the OCPA would take effect July 1, 2024; however, amendments made to certain provisions of the OCPA would go in effect January 1, 2026.

Privacy 52

Privacy Personal data Insurance Sales 52