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Regulatory Update: NAIC Summer 2018 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. This post summarizes the highlights from this meeting. NAIC Continues its Evaluation of Insurers’ Use of Big Data .

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6,009,014 MovieBoxPro Accounts Breached in Another Data Scraping Incident

IT Governance

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Source 1 ; source 2 (Update) Insurance USA Yes 75,101 Airsoftc3.com Source 1 ; source 2 (Update) Insurance USA Yes 75,101 Airsoftc3.com

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City of Dallas has set a budget of $8.5 million to mitigate the May Royal ransomware attack

Security Affairs

MILES/CBS NEWS TEXAS The Royal ransomware group is behind the attack and threatens to publish stolen data if the City will not meet its ransom demand. The Royal group began reconnaissance activity in April 2023, and the analysis of system log data dates the beginning of the surveillance operations on April 7, 2023.

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The Week in Cyber Security and Data Privacy: 20 – 26 November 2023

IT Governance

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Welcome to this week’s round-up of the biggest and most interesting news stories. The updated data point is italicised in the table. That’s it for this week’s round-up.

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Getting ready for artificial general intelligence with examples

IBM Big Data Hub

Image (55%): Gen AI can simulate how a product might look in a customer’s home or reconstruct an accident scene to assess insurance claims and liability. Coding intelligence Beyond code analysis, AGI grasps the logic and purpose of existing codebases, suggesting improvements and generating new code based on human specifications.

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State of the EMEA Information Capture & IDP Market 2022/2023

Info Source

AI-based solutions and subscription-based services will lower the barrier to entry for process automation and meet requirements for improved customer experience and employee satisfaction. In EMEA , the Finance segment, consisting of Banking and Insurance, continues to account for one third of the regional Capture & IDP market in 2022.

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Infosource Global Capture & IDP Vertical Market Analysis 2022-2023 Update

Info Source

In our vertical market sizing and analysis, we cover horizontal use cases e.g., accounting, HR management, as well as vertical specific use cases e.g., bank account opening, mortgage processing and insurance claims processing. The major Capture & IDP use cases in the Insurance sector also relate to Case Management.