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 71

Insurance Risk Artificial Intelligence Government 71

The Last Watchdog

DECEMBER 27, 2021

In 2021, we endured the fallout of a seemingly endless parade of privacy controversies and milestone cyber attacks. In 2021, Lloyd’s of London adjusted their policies to not pay ransom costs anymore, likely because their actuaries told them it was irrational to insure against a problem we’re not very good at preventing.

Privacy 235

Privacy Cybersecurity Ransomware Insurance 235

eSecurity Planet

AUGUST 9, 2022

Relatedly, PIPL outlines some categories of sensitive information that do not receive additional protection under GDPR. Also, health and financial data, among other categories of more sensitive data, is often treated as a more protected category of data under general data-privacy laws – subject to stricter protection requirements.

Data Privacy 145

Data Privacy Compliance Privacy Security 145

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

KnowBe4

JUNE 20, 2023

link] How NK's Cyber Criminals Stole 3 Billion in Crypto to Fund Their Nukes The Wall Street Journal revealed that North Korea's hacker army managed to steal a huge amount of cryptocurrency amounting to $3 billion to finance their nuclear program. The cyber heists caused more than just financial losses.

Data breaches 74

Data breaches Phishing Security awareness Ransomware 74

Data Matters

APRIL 23, 2018

The growing volume and severity of cyber-attacks directed against public companies has caught the attention of federal regulators and investors. More and more, directors are viewing cyber-risk under the broader umbrella of corporate strategy and searching for ways to help mitigate that risk.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

ARMA International

SEPTEMBER 27, 2021

Thus, common tools and techniques are risk matrices, risk registers, risk logs, risk breakdown structures, risk categories, Monte Carlo simulations, and sensitivity analyses. Cyber criminals have even outsourced their development to ransomware developers, who in turn have refined their processes. DT Capabilities. In this case, U.S.

Digital transformation 54

Digital transformation Risk IT Computer and Electronics 54