IBM Big Data Hub

DECEMBER 8, 2023

.” This same sentiment can be true when it comes to a successful risk mitigation plan. The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events.

Risk 72

Risk Compliance Insurance IT 72

OpenText Information Management

APRIL 2, 2024

As new technologies emerge, so do the financial risks associated with their adoption. In its recent assessment, Time has identified “ungoverned AI” as one of the top risks of 2024. This underscores the imperative need for organizations to proactively approach their risk analysis. But that’s not all.

Risk 76

Risk Privacy Data Privacy Data breaches 76

The Last Watchdog

MAY 10, 2021

With RSA Conference 2021 technical sessions getting underway today, I sat down with Fred Kneip, CEO of CyberGRX , to hash over the notion that a lot of good could come from more systematic sharing of the risk profiles that large enterprises routinely compile with respect to their third-party contractors. Crowdsourcing risk profiles.

Risk 195

Risk Insurance Access Security 195

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 59

Insurance Cloud Digital transformation Customer Experience 59

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.

Insurance 70

Insurance Cybersecurity Risk Education 70

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

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

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

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. One-third of last year’s Fortune 100 companies included a Chief Technology Officer (CTO) in their executive stables; 40 listed Chief Information Officer (CIO) roles, but just 21 included a Chief Risk Officer (CRO).

Security 202

Security Risk Insurance Cybersecurity 202

The Last Watchdog

JUNE 2, 2022

Third-Party Risk Management ( TPRM ) has been around since the mid-1990s – and has become something of an auditing nightmare. Related: A call to share risk assessments. This is because third-party risk has become a huge problem for enterprises in the digital age. Cyber risks profiling. This alone was a huge improvement.

Security 266

Security Risk Digital transformation Cybersecurity 266

Data Matters

MAY 6, 2022

Digital health companies should take note of new data privacy and security developments under the Health Insurance Portability and Accountability Act (HIPAA) that can affect product planning and customer negotiations. What is Digital Health? Comments must be submitted by June 6, 2022. Cybersecurity Industry Newsletter.

Risk 88

Risk Cybersecurity Insurance Authentication 88

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147

Risk Financial Services Insurance Cybersecurity 147

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 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

Hunton Privacy

NOVEMBER 29, 2023

Entitled the Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence (the “Executive Order”), the Executive Order seeks to address both the “myriad benefits” as well as what it calls the “substantial risks” that AI poses to the country.

Artificial Intelligence 114

Artificial Intelligence Risk Insurance Compliance 114

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 61

Insurance Risk Marketing Cybersecurity 61

Security Affairs

OCTOBER 30, 2023

The versatility of hackers and the impact of the vulnerabilities they surface make them instrumental to how our customers anticipate and address risk.” Below is the analysis of vulnerability type by industry: How do the company customers measure the ROI of the HackerOne security program?

Blockchain 116

Blockchain Insurance Risk Security 116

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 83

Insurance Risk Marketing Government 83

IT Governance

JANUARY 3, 2024

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. Following our Christmas break, we’re rounding up two weeks’ worth of the biggest and most interesting news stories.

Data Privacy 107

Data Privacy Insurance Manufacturing Retail 107

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. The changes are effective December 31, 2021.

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

IT Governance

FEBRUARY 15, 2022

Cyber insurance will become more popular and more comprehensive. It’s led to a growing trend for organisations to purchase cyber insurance, which Forbes contributor Emil Sayegh believes will continue in 2022. This market squeeze will certainly affect the cyber insurance industry itself. “We Register now.

Security 142

Security Insurance Authentication Passwords 142

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. Third-party risk management.

Compliance 57

Compliance Risk Government Retail 57

IT Governance

MAY 3, 2019

An RTP (risk treatment plan) is an essential part of an organisation’s ISO 27001 implementation process, as it documents the way your organisation will respond to identified threats. What are your risk treatment options? What are your risk treatment options? Avoid the risk by ceasing any activity that creates it.

Risk 72

Risk Information Security Communications Insurance 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

Data Protection Report

OCTOBER 3, 2021

The amendment: Expands the definition of “personal information”; Shortens the notification deadline after discovery of a breach from 90 to 60 days; Removes the requirement to consult with law enforcement as part of a risk assessment; Deems compliant any person subject to and in compliance with HIPAA and HITECH; and.

Data breaches 142

Data breaches IT Insurance Passwords 142

The Last Watchdog

OCTOBER 5, 2023

His news analysis columns, podcasts, and videos are crafted to foster a useful understanding of complex privacy and cybersecurity developments for company decision-makers and individual citizens — for the greater good. How can companies minimize risks? Regular training and simulations can help reduce risks associated with human errors.

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

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

Security Affairs

JUNE 10, 2021

Threat hunting and adversarial cyber intelligence company Group-IB published a comprehensive analysis of fraud cases on a global scale. Insurance companies around the world are now suffering from phishing. Over the past year, an average of over 100 phishing websites were created per insurer. million in one year .

Phishing 92

Phishing Retail Insurance Risk 92

Data Matters

DECEMBER 28, 2020

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. NAIC Adopts the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act. Insurance groups will be exempt from filing a GCC if.

Insurance 68

Insurance Paper Risk Analytics 68

Schneier on Security

MARCH 26, 2020

Interesting article discussing cyber-warranties, and whether they are an effective way to transfer risk (as envisioned by Ackerlof's "market for lemons") or a marketing trick. Our preliminary analysis suggests the majority of cyber warranties cover the cost of repairing the device alone.

Marketing 87

Marketing Insurance Risk IT 87

Collibra

JANUARY 27, 2022

Its impact is far reaching and global, requiring insurance companies of all types and sizes, bancassurance and any entity that sells insurance products to comply with stringent IFRS-17 rules and comprehensive reporting guidelines. Following are a few highlights from our conversation. Why is IFRS-17 important?

Compliance 52

Compliance Cloud Insurance Metadata 52

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

ARMA International

SEPTEMBER 27, 2021

Here, Part 3 discusses how to manage the various DT risks. This discussion includes methods, tools, and techniques such as using personae and identifying use cases that have high business value, while minimizing project risks. This part also discusses managing CS risks such as ransomware, privacy, change management, and user adoption.

Digital transformation 54

Digital transformation Risk IT Computer and Electronics 54

Hunton Privacy

SEPTEMBER 24, 2020

million settlement with Athens Orthopedic Clinic PA (“Athens Orthopedic”) for alleged violations of the Health Insurance Portability and Accountability Act (“HIPAA”) Privacy and Security Rules. Department of Health and Human Services (“HHS”) Office for Civil Rights (“OCR”) announced a $1.5

Insurance 64

Insurance Data breaches Privacy Risk 64

IT Governance

FEBRUARY 22, 2022

At the centre of the framework is information risk management in, which organisations assess risks and the ways that they can compromise the confidentiality, integrity and availability of information. This enables employees to readily understand risks and embrace security controls as part of their everyday working practices.

Information Security 138

Information Security Security Data breaches Risk 138

Data Matters

MAY 9, 2019

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.

Insurance 68

Insurance Blockchain Big data Risk 68