Data Breach Today

OCTOBER 1, 2021

The latest edition of the ISMG Security Report features an analysis of how a cryptocurrency exchange bug has revealed North Korean Monero laundering. Also featured are cyber insurance trends and cybercrime innovation.

Insurance 274

Insurance Security 274

IT Governance

AUGUST 25, 2022

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

Insurance 105

Insurance IT Government Risk 105

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 57

Insurance Cloud Digital transformation Customer Experience 57

Data Breach Today

AUGUST 22, 2018

Some terms of the recent $115 million settlement in the class action lawsuit against health insurer Anthem tied to a 2015 cyberattack appear underwhelming for the victims, says attorney James DeGraw, who explains why.

Data breaches 150

Data breaches Insurance 150

Data Breach Today

SEPTEMBER 6, 2019

Plus: Do ransomware gangs target organizations that have cyber insurance? This week's ISMG Security Report takes a close look at whether an iPhone hacking campaign may be linked to Android spying campaigns by China.

Insurance 145

Insurance Ransomware Security 145

Data Breach Today

OCTOBER 23, 2018

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.

Insurance 135

Insurance Security IT 135

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 Breach Today

OCTOBER 4, 2021

The latest edition of the ISMG Security Report features an analysis of how a cryptocurrency exchange bug has revealed North Korean monero laundering. Also featured are cyber insurance trends and cybercrime innovation.

Insurance 144

Insurance Security 144

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 85

Insurance Data breaches Financial Services Passwords 85

IT Governance

JULY 15, 2019

Cyber insurance is big business these days. Damages incurred by information security incidents generally aren’t covered in commercial insurance policies, so a specific policy is necessary to help cover the costs of things like forensic investigation, incident response and notification procedures.

Insurance 89

Insurance Data breaches Risk Information Security 89

Security Affairs

APRIL 8, 2024

Greylock McKinnon Associates (GMA) provides expert economic analysis and litigation support to a diverse group of domestic and international clients in the legal profession, the business community, and government agencies, including the Department of Justice (DoJ).

Data breaches 104

Data breaches Insurance Cybersecurity Government 104

Info Source

FEBRUARY 20, 2023

For example, an auto insurance claim often involves an e-form for the FNOL, plus paper based or digital documents covering the police report and the assessment of the repair shop but also photos or video documentation of the damage.

Marketing 52

Marketing Artificial Intelligence B2B Paper 52

Reltio

JULY 2, 2019

Just like in the TV programmes like CSI where the analysts solve crimes by a combination of analysis and field work, there is no better way of understanding what is going on than going into the real-world for example visiting shops or listening into call-centre conversations. What do you like to do outside of work?

Analytics 58

Analytics Insurance Artificial Intelligence Data science 58

Hunton Privacy

FEBRUARY 29, 2024

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

Security Affairs

AUGUST 19, 2019

A study conducted by researchers at Cyjax revealed that organizations expose sensitive data via sandboxes used for malware analysis. Experts at the threat intelligence firm Cyjax analyzed file uploaded by organizations via malware analysis sandboxes and discovered that they were exposing sensitive data. Pierluigi Paganini.

Military 79

Military Insurance Education Phishing 79

Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in $6.2 billion in 2019.

Insurance 284

Insurance Financial Services Mining Access 284

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 59

Insurance Risk Marketing Cybersecurity 59

Threatpost

JULY 19, 2018

In this InfoSec Insider cyber insurance expert Nick Sanna discusses how to balance threat exposures and protecting assets with insurance against hacking, breaches and vulnerabilities.

Insurance 46

Insurance Risk Security 46

Adam Shostack

DECEMBER 2, 2016

In that context, I am very excited to see a proposal from Rob Knake on “ Creating a Federally Sponsored Cyber Insurance Program.” Although regulators typically establish new requirements upon the basis of NTSB recommendations, most air carriers implement recommendations on a voluntary basis.

Insurance 40

Insurance Cybersecurity IT Government 40

Security Affairs

MAY 1, 2023

Bitmarck, one of the largest IT service providers for social insurance carriers in Germany, announced yesterday that it has suffered a cyber attack. The incident impacted statutory health insurance companies that have their IT operated by BITMARCK. Our early warning systems have reported an attack on BITMARCK’s internal systems.

IT 79

IT Insurance Data breaches Education 79

Security Affairs

APRIL 16, 2024

18 Gb.dwg - 38295 pcs - drawings and schematics of chips, microchips, transistors, etc. All data is confidential, contains trade secrets. - 30 Gb user data - production line settings - repository with equipment configures - 26 Gb machine operation logs - 1.2 Gb AWACS software - 13 Gb.esm files - 1.9 Gb.job files - 3 Gb.svn-base - 101 Gb -.pst

Ransomware 104

Ransomware Manufacturing Insurance Cybersecurity 104

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

CGI

SEPTEMBER 12, 2017

Data analytics – how should insurers look to the future? 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? Tue, 09/12/2017 - 03:00. Connected and monitored energy usage.

Insurance 40

Insurance Analytics Risk IoT 40

Hunton Privacy

NOVEMBER 13, 2023

DMS is a HIPAA business associate (“BA”) that provides payer credentialing and medical billing services to HIPAA Covered Entities (“CEs”). As a result, the electronic protected health information (“ePHI”) of approximately 206,695 individuals was affected.

Ransomware 72

Ransomware Risk Insurance Encryption 72

Data Matters

SEPTEMBER 3, 2020

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. NAIC Considers Comments to the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act . GCC Template and Instructions.

Insurance 68

Insurance Paper Artificial Intelligence Big data 68

IT Governance

NOVEMBER 3, 2023

Our monthly blogs will provide analysis of the data we’ve collected and we’ll continue to discuss the biggest breaches on our 2023 overview of publicly disclosed data breaches and cyber attacks. This typically included conducting a forensic analysis to establish exactly what happened (often by engaging a third-party specialist).

Data breaches 87

Data breaches Insurance Ransomware Education 87

eSecurity Planet

JULY 12, 2022

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Forensic analysis of the breach came to a quick conclusion – a phishing attempt had tricked a user with privileged access into clicking on a malicious link.

Ransomware 134

Ransomware Insurance Cybersecurity Passwords 134

CGI

SEPTEMBER 30, 2015

Insurer Hosted Pricing – getting (and staying) ahead of the curve. The pace of business and the pressure of market change are substantial challenges for insurers. For hard-pressed intermediated insurers, Insurer Hosted Pricing (IHP) could be the answer. p.butler@cgi.com. Thu, 10/01/2015 - 01:51.

Insurance 40

Insurance Big data Marketing Risk 40

CGI

FEBRUARY 28, 2017

Digital Transformation in UK General Insurance: Where do MGAs fit in? A lot of attention has been drawn to the digital developments that are being undertaken by insurers in the direct marketplace, but whilst direct is an important market, transformation of the indirect channel is also deserving of more attention. harini.kottees….

Digital transformation 40

Digital transformation Insurance Marketing Retail 40

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.” ” ANALYSIS. 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.

Insurance 242

Insurance Data Privacy Access Security 242

IT Governance

JANUARY 5, 2024

This blog provides analysis of the data we’ve collected. Note 1: Reported remediation typically includes conducting a forensic analysis to establish exactly what happened (often by engaging a third-party specialist). AIC) 26,000,000 9 Snappfood >20,000,000 10 Alborz Insurance Company 19,500,000 Note 1: Where ‘around’, ‘about’, etc.

Data breaches 97

Data breaches Insurance Manufacturing Ransomware 97

Security Affairs

NOVEMBER 23, 2023

. “We have performed an analysis of the affected system and associated data to determine whether your information was potentially impacted. Based on that analysis, we have determined that certain of your information was included in those files.” million Teachers Insurance and Annuity Association of America 2.6

Data breaches 104

Data breaches Retail Education Ransomware 104

Security Affairs

JANUARY 19, 2024

“Based on VF’s preliminary analysis from its ongoing investigation, VF currently estimates that the threat actor stole personal data of approximately 35.5 “VF will be seeking reimbursement of costs, expenses and losses stemming from the cyber incident by submitting claims to VF’s cybersecurity insurers.

Data breaches 108

Data breaches Passwords Retail Insurance 108

Krebs on Security

JULY 21, 2023

This is actually down from five of the Fortune 100 in 2018, the last time KrebsOnSecurity performed this analysis. Schreider said while Datos Insights focuses mostly on the financial and insurance industries, a recent Datos survey echoes the IANS findings from last year.

Security 201

Security Risk Insurance Cybersecurity 201

Schneier on Security

FEBRUARY 13, 2019

Zurich Insurance has refused to pay Mondelez International's claim of $100 million in damages from NotPetya. Those turning to cyber insurance to manage their exposure presently face significant uncertainties about its promise. Yet no cyber insurance policies cover this entire spectrum. I had not heard about this case before.

Insurance 81

Insurance Risk Marketing Government 81

Security Affairs

OCTOBER 30, 2023

Below is the analysis of vulnerability type by industry: How do the company customers measure the ROI of the HackerOne security program? 54% Financial savings estimated from avoiding risk, 51% Risk assessment (internal or external), 32% Agility and speed of security teams’ responsiveness, and 7% Discount on cyber insurance.

Blockchain 113

Blockchain Insurance Risk Security 113