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Mitigating the impact of climate change in insurance and other financial services  

IBM Big Data Hub

According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well.

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Greylock McKinnon Associates data breach exposed DOJ data of 341650 people

Security Affairs

Greylock McKinnon Associates, a service provider for the Department of Justice, suffered a data breach that exposed data of 341650 people. GMA disclosed a data breach that impacted medicare and other information belonging to 5465 people. The data breach occurred on May 30, 2023, and was discovered on February 7, 2024.

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Ransomware group Dark Angels claims the theft of 1TB of data from chipmaker Nexperia 

Security Affairs

The Dark Angels (Dunghill) ransomware group claims the hack of the chipmaker Nexperia and the theft of 1 TB of data from the company. The Dark Angels (Dunghill) ransomware group claims responsibility for hacking chipmaker Nexperia and stealing 1 TB of the company’s data. All data is confidential, contains trade secrets. -

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The risks and limitations of AI in insurance

IBM Big Data Hub

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. Technological risk—data confidentiality The chief technological risk is the matter of data confidentiality.

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Analysis: Did Anthem's Security 'Certification' Have Value?

Data Breach Today

Insurer Was Certified as HITRUST CSF Compliant Before Its Mega-Breach Health insurer Anthem had earned HITRUST Common Security Framework certification before its mega-breach.

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Security Compliance & Data Privacy Regulations

eSecurity Planet

Regulatory compliance and data privacy issues have long been an IT security nightmare. And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. GDPR-style data privacy laws came to the U.S.

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Finance and Insurance Is the Sector Most Impacted by Data Breaches In 2022

KnowBe4

Analysis of the year’s breaches shows Finance and Insurance businesses are the most targeted and have lost a material count of records as a result.