IBM Big Data Hub

DECEMBER 4, 2023

IBM can help insurance companies insert generative AI into their business processes IBM is one of a few companies globally that can bring together the range of capabilities needed to completely transform the way insurance is marketed, sold, underwritten, serviced and paid for.

Insurance 53

Insurance Digital transformation Compliance Cloud 53

AIIM

JUNE 23, 2020

Automation can help banks lower loan processing costs, shorten cycle times, unlock visibility, and lower compliance risk. mortgage firm fundamentally transform the way mortgage insurance applications are processed, eliminating paper in favor of a completely digital workflow. Click here to access our full library of episodes.

Insurance 117

Insurance Digital transformation Paper Libraries 117

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 128

Insurance Ransomware Risk Data science 128

Rocket Software

MARCH 14, 2022

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries. Scanning paper documents is a manual, time consuming process with high labor and hardware costs.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

Gimmal

MARCH 12, 2024

In today’s litigious business climate, the specter of legal disputes looms large, and the effective management of legal holds has become a critical component of corporate compliance. This blog post delves into the financial implications of inadequate legal holds and underscores the importance of compliance.

Compliance 52

Compliance e-Discovery Data preservation Risk 52

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 56

Insurance Cloud Digital transformation Customer Experience 56

Data Matters

JANUARY 14, 2019

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”. B). * * *.

Insurance 68

Insurance Security Cybersecurity Data breaches 68

Hunton Privacy

AUGUST 6, 2019

On August 2, 2019, New Hampshire Governor Chris Sununu signed into law SB 194 (the “Bill”), which requires insurers licensed in the state (“licensees”) to put in place data security programs and report cybersecurity events. The state insurance commissioner may take “necessary or appropriate” action to enforce the new law.

Insurance 81

Insurance Security Cybersecurity Information Security 81

Data Matters

FEBRUARY 11, 2019

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. 6491 (Act). MCL § 500.550.

Insurance 68

Insurance Security Cybersecurity FOIA 68

Hunton Privacy

JULY 1, 2022

Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation. Although Carnival had certified compliance with the Cybersecurity Regulation at the time of the incidents, NYDFS found that Carnival’s attestation of compliance was improper.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

AIIM

OCTOBER 15, 2018

In a recent AIIM webinar, Craig Le Clair, Forrester VP and Principle Analyst, and Florian Vondal, Allianz Solution Architect, took a closer look at the “esign of the times” and what must be considered when attempting to accelerate e-signature adoption enterprise-wide and meet global compliance. Millennials or Generation X).

Compliance 109

Compliance Insurance Digital transformation Authentication 109

Reltio

JUNE 9, 2022

The insurance industry is facing unprecedented disruption. Insurance carriers have been called to transform customer experience, business offerings, and operations. As an insurer, your current business models are being challenged by new thinking, new competitors, and new ways of working.

Digital transformation 52

Digital transformation Insurance MDM Customer Experience 52

Collibra

JANUARY 14, 2022

When GDPR (General Data Protection Regulation) came into effect in 2016, organizations took time to understand and plan their compliance efforts. With huge fines up to 4% of a company’s annual turnover looming large for non-compliance, companies have been turning to automated solutions for compliance.

Compliance 52

Compliance Government GDPR Personal data 52

The Last Watchdog

AUGUST 22, 2019

On one hand, threat actors have already begun exploiting fresh attack vectors, borne of this rising complexity, and, on the other, government authorities and industry standards bodies are insisting on compliance with increasingly cumbersome data-handling security rules.

Digital transformation 147

Digital transformation Compliance Risk Security 147

Thales Cloud Protection & Licensing

MAY 29, 2024

The European Identity and Cloud Conference 2024 (EIC), now in its 17th edition, promises an immersive experience into the future of identity and access management (IAM) within an AI-upgraded reality. Legacy CIAM systems go against the grain of insurance companies' digital goals, hampering user experience with slower, less secure methods.

B2B 62

B2B Insurance B2C Customer Experience 62

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. For certain other requirements, regulated entities will have between one and two years to reach compliance.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

IBM Big Data Hub

MAY 28, 2024

To fulfill these principles, data protection strategies generally focus on the following three areas: Data security —protecting digital information from unauthorized access, corruption or theft throughout its entire lifecycle. Data breach victims also frequently face steep regulatory fines or legal penalties.

Data breaches 82

Data breaches GDPR Compliance Encryption 82

Krebs on Security

JUNE 18, 2021

The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 Title insurance protects homebuyers from the prospect of someone contesting their legitimacy as the new homeowner. Title insurance is not mandated by law, but most lenders require it as part of any mortgage transaction.

Insurance 286

Insurance Risk Financial Services Mining 286

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Compliance management.

Compliance 57

Compliance Risk Government Retail 57

AIIM

JULY 24, 2018

Three Critical Steps for GDPR Compliance. GDPR Compliance Starts with Data Discovery. There are a number of areas where GDPR strengthens compliance obligations and imposes additional legal liabilities. This is the 11th post in a series on privacy by Andrew Pery. Data Privacy and Open Data: Secondary Uses under GDPR.

GDPR 83

GDPR Compliance Privacy Data Privacy 83

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 66

Government GDPR Compliance Analytics 66

The Last Watchdog

APRIL 3, 2019

This is, in large part, because the complexity of business networks continues to escalate at a time when compliance mandates are intensifying. Meanwhile, employees, partners, suppliers and customers are using their smartphones to gain access. Compliance matters. As complexity has intensified, so have compliance challenges.

Digital transformation 140

Digital transformation Insurance Compliance Healthcare 140

Krebs on Security

MARCH 2, 2021

-based PrismHR handles everything from payroll processing and human resources to health insurance and tax forms for hundreds of “professional employer organizations” (PEOs) that serve more than two million employees. 28, and that it disabled access to its platform for all users in an effort to contain the security incident.

Ransomware 302

Ransomware Insurance Cloud Encryption 302

Hunton Privacy

SEPTEMBER 21, 2023

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. If enacted, the Act’s provisions would become effective in multiple steps between 2024 and 2028.

Insurance 69

Insurance Personal data Sales Compliance 69

Krebs on Security

JUNE 4, 2019

AMCA has advised LabCorp that Social Security Numbers and insurance identification information are not stored or maintained for LabCorp consumers.” Many readers wrote in to say they’d never heard of First American, but it is the largest title insurance company in the United States. million patients.

Insurance 250

Insurance Data Privacy Access Security 250

Thales Cloud Protection & Licensing

JUNE 15, 2023

KMaaS providers typically offer features such as FIPS 140-2 certified Hardware Security Modules (HSMs) to ensure the highest security and compliance for sensitive keys. Increased security: KMaaS providers typically have robust security controls in place, which can help to protect against attacks and unauthorized access.

Encryption 133

Encryption Compliance Cloud Authentication 133

eSecurity Planet

MARCH 18, 2022

In this article, we’ll briefly touch on what policies are; tips for writing them; and the advantages policies provide for compliance, transitions, and IT team liability. Policies can cover multiple technologies, but should be labeled clearly for internal and compliance auditor reference. Written Policies vs. Implemented IT Policies.

IT 123

IT Compliance Security Access 123

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

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. The regulation includes an annual certification of compliance, to be filed with NYDFS. NYDFS Cybersecurity Regulation. The Consent Order.

Cybersecurity 71

Cybersecurity Insurance Financial Services Phishing 71

Data Protection Report

DECEMBER 4, 2023

DPAs ensure compliance with privacy laws by creating obligations for the data processor to maintain the same level of data protection for the controller and the data subjects. Indemnification and Insurance Data controllers are responsible for ensuring compliance with privacy laws.

Insurance 64

Insurance Privacy Compliance Personal data 64

Thales Cloud Protection & Licensing

NOVEMBER 15, 2023

Traditionally, airport security focused on physical access and the perimeter; however, in the years since 9/11, the digital footprint of the vast interconnected systems contains valuable assets that must be protected. This is because of the diversity of personnel working within the airport environment.

Cybersecurity 87

Cybersecurity Authentication Access Compliance 87

Thales Cloud Protection & Licensing

JANUARY 16, 2024

That includes banks, insurances, payment institutions, stock market, and many financial management firms (trading, crypt-assets, etc). Non-compliance can lead to administrative penalties and remedial measures defined by supervisory authorities, as well as possible criminal penalties. What is the scope of DORA?

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

Armstrong Archives

AUGUST 25, 2023

The Health Insurance Portability and Accountability Act (HIPAA) ensures individuals’ health data protection and privacy. This includes insurance companies, nurses, and doctors. In this article, we’ll talk more about the HIPAA, the importance of compliance, some common HIPAA violations, and more!

Computer and Electronics 52

Computer and Electronics Insurance Compliance Risk 52

Thales Cloud Protection & Licensing

MARCH 6, 2018

Every year, new regulations and compliance orders come into play that impact businesses across the world. You can find more information on the Thales website about GDPR and compliance. The post 2018 Global Data Regulations & Compliance Heat Up – Are you Ready? You can also read more about GDPR on the Thales eSecurity blog.

Compliance 88

Compliance GDPR Encryption Data Privacy 88

Hunton Privacy

FEBRUARY 29, 2024

Distribute policies and procedures to the workforce and collect compliance certifications from all members. Finally, the investigation indicated that GRBH violated the HIPAA Privacy Rule by failing to meet the requirement not to use or disclose PHI except as permitted by the Rule. Investigate all likely policy violations.

Ransomware 111

Ransomware Personal data Risk Privacy 111

The Guardian Data Protection

JULY 30, 2019

Telco says diverse agencies accessing data through legal loophole need to follow the same process as law enforcement bodies Telstra has warned that public trust in the security of their data will be eroded if government agencies continue to be allowed access to it without appropriate authorisation.

Access 46

Access Agriculture Insurance Metadata 46

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. Implement least-privilege access controls to protect LLMs from nefarious modification.

Security 57

Security Artificial Intelligence Privacy Compliance 57