IT Governance

MAY 24, 2022

One of the most common ways to mitigate the risk of a cyber security incident is cyber insurance. These activities aren’t typically included in standard business insurance policies, which tend to only cover costs related to technical issues, such as corrupted hard drives and lost devices. The benefits of cyber insurance.

Insurance 137

Insurance Data breaches GDPR Ransomware 137

Data Protection Report

MARCH 21, 2023

2] In this context, the Directorate General of the French Treasury has put forward a plan of action with a view to clarifying the cyber-insurance legal framework, better gauging cyber-risks, and enhancing companies’ awareness as regards cyber-risks. 12-10-1 into the French Insurance code. However, in the end, Article L.12-10-1

Insurance 104

Insurance Data breaches Personal data GDPR 104

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

Insurance 97

Insurance Ransomware Cybersecurity Marketing 97

Thales Cloud Protection & Licensing

MARCH 5, 2023

In the fragmented insurance landscape, let’s unify customer experience divya Mon, 03/06/2023 - 06:13 You may think of an insurance company as a singularly-focused entity, offering protection for one product. However, the insurance business reaches across a disparate range of consumer products. To add to the challenge, a.s.r.

Customer Experience 71

Customer Experience Insurance B2C B2B 71

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

Insurance 77

Insurance Authentication Risk Ransomware 77

Thales Cloud Protection & Licensing

MAY 26, 2023

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

Insurance 71

Insurance Digital transformation Security Authentication 71

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

Dark Reading

JULY 12, 2022

Cybersecurity insurance costs are rising, and insurers are likely to demand more direct access to organizational metrics and measures to make more accurate risk assessments.

Insurance 86

Insurance Ransomware Cybersecurity Risk 86

Data Breach Today

SEPTEMBER 25, 2023

One Identity, Wallix, Arcon Exit Leaders Space as Privileged Access Market Matures CyberArk, BeyondTrust and Delinea maintained their spots atop Gartner's privileged access management Magic Quadrant, while One Identity, Wallix and Arcon fell from the leader ranks.

Insurance 260

Insurance Marketing Access 260

Security Affairs

JULY 9, 2021

Insurance giant CNA notifies customers of a data breach after the Phoenix CryptoLocker ransomware attack suffered in March. US insurance giant CNA is notifying customers of a data breach after the ransomware attack that it suffered in March. Now new details have emerged from the investigation, evidence confirms the data breach,à.

Data breaches 138

Data breaches Insurance Ransomware Encryption 138

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 127

Insurance Ransomware Risk Data science 127

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 56

Insurance Digital transformation Compliance Cloud 56

The Last Watchdog

AUGUST 24, 2020

Purchasing life insurance once meant going to an insurer’s office or booking an appointment with an insurance agent. Today’s generation is used to getting everything done fast and easy, so life insurance providers had to get with the times and cover all customers’ needs and requirements.

Insurance 154

Insurance IT Security Access 154

Hunton Privacy

DECEMBER 4, 2023

On November 28, 2023, the New York Department of Financial Services (“NYDFS”) announced that First American Title Insurance Company (“First American”), the second-largest title insurance company in the United States, would pay a $1 million penalty for violations of the NYDFS Cybersecurity Regulation in connection with a 2019 data breach.

Financial Services 64

Financial Services Insurance Data breaches Cybersecurity 64

Security Affairs

APRIL 20, 2021

Car insurance provider Geico has suffered a data breach, attackers have stolen the driver’s licenses for policyholders for several weeks. Geico, the second-largest auto insurer in the U.S., The post Crooks stole driver’s license numbers from Geico auto insurer appeared first on Security Affairs. Pierluigi Paganini.

Insurance 119

Insurance Data breaches Sales Security 119

KnowBe4

DECEMBER 28, 2022

27, 2022, The Ohio Supreme Court ruled in favor of an insurance company, determining that its contract to cover any direct physical loss or damage to property did not encompass ransom payments made when a hacker illegally gained access to medical billing software company EMOIs systems and data.

Insurance 83

Insurance Ransomware Access IT 83

DLA Piper Privacy Matters

MARCH 27, 2023

LOPMI introduces amendments to the insurability of losses and damages paid in response to cyber-attacks, including in relation to ransom payments – requiring that the payment of insurance compensation be conditional on the filing of a complaint, within a 72 hour time frame, to competent authorities.

Insurance 52

Insurance Risk Ransomware Cybersecurity 52

Data Breach Today

OCTOBER 28, 2022

About 4M Australians Affected by Extortion Demand Made Against the Health Insurer Fallout from the hack of Australian health insurer Medibank continues to worsen as the company twice this week acknowledged a wider set of affected individuals.

Insurance 236

Insurance Personal data Access 236

Security Affairs

MAY 21, 2021

The US insurance giant CNA Financial reportedly paid a $40 million ransom to restore access to its files following a ransomware attack. CNA Financial, one of the largest insurance companies in the US, reportedly paid a $40 ransom to restore access to its files following a ransomware attack that took place in March.

Insurance 97

Insurance Ransomware Access IT 97

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. For those who have cyber insurance against ransomware attacks. But since the sneaky insurance agent purposely negotiates so as not to pay for the insurance claim, only the insurance company wins in this situation.

Insurance 77

Insurance Ransomware Encryption IT 77

AIIM

JUNE 23, 2020

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. Also, on this episode , hear an AIIM20 interview in Dallas with Wasim Kahn, Chief Digital Officer at Ripcord.

Insurance 117

Insurance Digital transformation Paper Libraries 117

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

Dark Reading

NOVEMBER 10, 2020

With ransomware on the rise, more organizations are opting to purchase cyber insurance -- tipping off criminals about how much to demand for access back to pilfered systems and data.

Insurance 124

Insurance Cybersecurity Ransomware Access 124

Data Protection Report

JULY 28, 2021

Germany’s highest civil court, the Federal Court Of Justice ( Bundesgerichtshof , the FCJ ), has just published a decision specifying the scope of data subject access requests (DSARs). The defendant was a life insurance company and the claimant their insured. Knowledge of the data subject of information is irrelevant.

Access 127

Access GDPR Personal data Insurance 127

Data Breach Today

NOVEMBER 10, 2022

Also: Ransomware Gang Leaks Negotiation Chat With Technical Detail About Attack The stark consequences of ransomware became painfully clear in Australia this week as attackers began releasing data from health insurer Medibank. Also, leaked chat logs reveal how the attackers accessed Medibank's systems.

Ransomware 237

Ransomware Insurance Access 237

Security Affairs

OCTOBER 30, 2021

A cyber attack hit the UMass Memorial Health, threat actors had access to employee email system, potentially exposing patients info. Threat actors hacked into the employee email system of the UMass Memorial Health healthcare system, potentially accessing the personal information of thousands of patients. Pierluigi Paganini.

Access 87

Access Insurance Data breaches Security 87

Security Affairs

NOVEMBER 11, 2022

An initial access broker claims to have hacked Deutsche Bank and is offering access to its systems for sale on Telegram. A threat actor ( 0x_dump ) claims to have hacked the multinational investment bank Deutsche Bank and is offering access to its network for sale online. The IAB is offering access to the Deutsche Bank 7.5

Access 90

Access Sales Communications Insurance 90

Collibra

APRIL 9, 2021

Recapping a discussion moderated by Stijn Christiaens and featuring insurance data experts from Deloitte UK . Insurance is a data-intensive business. Insurance companies need data to better assess risks and price policies competitively, but also profitably. Drivers for cloud adoption. Mobilizing data governance programs.

Insurance 59

Insurance Cloud Data science Analytics 59

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. Digital Transformation is More Than Scanning Paper Documents.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

Data Breach Today

JULY 5, 2022

The 31st annual conference covered a wide range of topics including cybercrime, cyberwarfare, zero trust, supply chain risk, ransomware, OT security, cyber insurance and jobs. Access 150+ interviews with the top speakers and influencers.

Insurance 244

Insurance Ransomware Risk Access 244

The Guardian Data Protection

APRIL 21, 2018

Carole Cadwalladr just wanted to insure her car. In fact, I had no idea about either the question or the answer when I submitted a “subject access request” to Eldon Insurance Services in December last year. How did it get there? If a 29-year-old Peugeot 309 is the answer, it’s fair to wonder: what on earth is the question?

Insurance 111

Insurance Access IT Security 111

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

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.”.

Insurance 68

Insurance Security Cybersecurity Data breaches 68

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

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

JANUARY 2, 2019

New cybersecurity rules for insurance companies licensed in South Carolina are set to take effect in part on January 1, 2019. The new law is the first in the United States to be enacted based on the data security model law drafted by the National Association of Insurance Commissioners.

Insurance 77

Insurance Cybersecurity Data breaches Encryption 77

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 Customer Experience MDM 52