Data Breach Today

MARCH 7, 2023

Nick Schneider Shares How His Firm Can Help Clients Prepare for a Security Incident Arctic Wolf has expanded its security operations platform into threat intelligence, incident response and cyber insurance, says CEO Nick Schneider.

Insurance 148

Insurance Security IT 148

Jamf

NOVEMBER 3, 2021

Next Insurance provides small businesses around the world with insurance plans tailored to their needs. With the help of Jamf and Wediggit, the company makes rapid and easy Mac deployment part of the onboarding process, yielding more efficient workflows for employees who then pass the benefit along to customers.

Insurance 98

Insurance 98

IBM Big Data Hub

MARCH 25, 2024

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.

Financial Services 93

Financial Services Insurance Risk Agriculture 93

DXC Technology

SEPTEMBER 16, 2020

The insurance industry is in the midst of a brutal stress test, due to the current environment. Some insurance products may become uneconomical. And many insurers will come under pressure to reduce their spending. Given this fast-changing business environment, insurers need […].

Insurance 125

Insurance 125

The Last Watchdog

JULY 13, 2023

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. The economic impact of cybercrime on business across the globe continues to reach new levels, with the cost predicted to reach US$10.5

Risk 189

Risk Insurance Energy and Utilities Marketing 189

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 60

Insurance Cloud Digital transformation Customer Experience 60

Dark Reading

JUNE 29, 2023

Now, if you've got an IoT network powered by Pepper, you can insure it through Embedded Insurance — even if your business is too small to support a SOC.

Insurance 87

Insurance IoT IT 87

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

Insurance 111

Insurance Ransomware Cybersecurity Marketing 111

IT Governance

MAY 24, 2022

One of the most common ways to mitigate the risk of a cyber security incident is cyber insurance. These activities aren’t typically included in standard business insurance policies, which tend to only cover costs related to technical issues, such as corrupted hard drives and lost devices. The benefits of cyber insurance.

Insurance 137

Insurance Data breaches GDPR Ransomware 137

Schneier on Security

JULY 1, 2021

Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. Although it is a societal problem, cyber insurers have received considerable criticism for facilitating ransom payments to cybercriminals.

Insurance 113

Insurance Ransomware Paper Marketing 113

CGI

APRIL 22, 2024

Most insurers are facing a shifting business and technology landscape, along with more fundamental near-term pressures from five core areas: costs, clients, competitiveness, capabilities, and compliance.

Insurance 52

Insurance Compliance 52

IT Governance

AUGUST 23, 2022

Cyber liability insurance helps organisations cover the financial costs of a data breach. It’s essential for any business that wishes to adequately prepare for disruptive incidents. Without insurance, organisations spend £3.6 Plus, organisations will typically suffer lasting reputational damage that could lead to lost business.

Insurance 122

Insurance Data breaches e-Delivery Risk 122

The Guardian Data Protection

NOVEMBER 11, 2023

Observer investigation reveals UK Biobank opened its biomedical database to insurance firms despite pledge it would not do so Sensitive health information donated for medical research by half a million UK citizens has been shared with insurance companies despite a pledge that it would not be. Continue reading.

Insurance 107

Insurance Data Privacy Privacy Risk 107

Collibra

APRIL 9, 2021

Recapping a discussion moderated by Stijn Christiaens and featuring insurance data experts from Deloitte UK . Insurance is a data-intensive business. Insurance companies need data to better assess risks and price policies competitively, but also profitably. Mobilizing data governance programs.

Insurance 59

Insurance Cloud Data science Analytics 59

Data Breach Today

JANUARY 31, 2020

Coverage Required Because Attack Caused 'Physical Loss or Damage' A federal judge has ruled that an insurer providing a "business owner's insurance policy" to a company that sustained a ransomware attack and was forced to replace most of its IT infrastructure must pay for the damages the security incident caused.

Insurance 162

Insurance Ransomware Security IT 162

Hunton Privacy

MAY 4, 2022

In April 2022, two states enacted insurance data security legislation based on the National Association of Insurance Commissioners (“NAIC”) Insurance Data Security Model Law (MDL-668).

Insurance 110

Insurance Security Compliance Cybersecurity 110

Krebs on Security

JULY 27, 2020

Identity thieves who specialize in running up unauthorized lines of credit in the names of small businesses are having a field day with all of the closures and economic uncertainty wrought by the COVID-19 pandemic, KrebsOnSecurity has learned. But the same crime can be far more costly and damaging when thieves target small businesses.

Energy and Utilities 355

Energy and Utilities Computer and Electronics Insurance Risk 355

IBM Big Data Hub

MAY 1, 2023

In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. Artificial intelligence applied to insurance The insurance industry has always made extensive use of data and algorithms, such as in the calculation of insurance premiums.

Artificial Intelligence 81

Artificial Intelligence Insurance Risk Personal data 81

Data Breach Today

MARCH 4, 2024

But Hospital Lobby Group Contends Funding Is 'Onerous' and 'Exceedingly' Limited Two weeks into a major cyberattack-induced outage at its Change Healthcare business, UnitedHealth Group is offering short-term financial aid to some healthcare providers whose cash flows may be running short because of the disruption in insurance payments.

Insurance 290

Insurance IT 290

Data Protection Report

MARCH 21, 2023

2] In this context, the Directorate General of the French Treasury has put forward a plan of action with a view to clarifying the cyber-insurance legal framework, better gauging cyber-risks, and enhancing companies’ awareness as regards cyber-risks. 12-10-1 into the French Insurance code. However, in the end, Article L.12-10-1

Insurance 105

Insurance Data breaches Personal data GDPR 105

KnowBe4

MAY 22, 2023

Food for thought as discussed on May 18, 2023, an article posted in The Australian Insurance Council: Banning paying a ransom to cyber hackers is counter-productive where Andrew Hall, the Chief Executive of the Insurance Council of Australia (ICA), stated that “attempts to ban businesses from paying ransoms for cyber attacks risks eroding trust and (..)

Insurance 81

Insurance Risk Government Security awareness 81

Data Breach Today

SEPTEMBER 18, 2023

Money Will Address Enhanced OT Security Rules From Regulators, Insurance Providers Dragos completed a Series D extension to help organizations address enhanced OT security requirements from regulators and cyber insurance providers.

Insurance 277

Insurance Cybersecurity Security 277

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 128

Insurance Ransomware Risk Data science 128

Security Affairs

APRIL 23, 2023

Non-profit health insurer Point32Health suffered a ransomware attack and has taken systems offline in response to the incident. Non-profit health insurer Point32Health has taken systems offline in response to a ransomware attack that took place on April 17. ” reads the statement published by the insurer.

Insurance 82

Insurance Ransomware Cybersecurity Education 82

CGI

JULY 3, 2020

Helping insurers monitor horticulture assets from space to reduce risks and ensure business continuity. This CGI blog post discusses monitoring horticulture assets from space to help insurers reduce risks and ensure business continuity. Fri, 07/03/2020 - 02:22.

Insurance 98

Insurance Risk 98

IBM Big Data Hub

DECEMBER 4, 2023

This approach can accelerate speed-to-market by providing enhanced capabilities for developing innovative products and services, facilitating business growth and improving the overall customer experience in their interactions with the company. Customer engagement Providing insurance coverage involves working with numerous documents.

Insurance 56

Insurance Digital transformation Compliance Cloud 56

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

Insurance 84

Insurance Risk Cybersecurity Ransomware 84

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage. Tue, 05/10/2022 - 05:43.

Insurance 77

Insurance Authentication Risk Ransomware 77

Dark Reading

FEBRUARY 25, 2022

Having cyber insurance is a good idea if the costs make sense — it could be the difference between going out of business and staying afloat. But it shouldn't be your first course of action.

Insurance 97

Insurance IT 97

Thales Cloud Protection & Licensing

MARCH 5, 2023

In the fragmented insurance landscape, let’s unify customer experience divya Mon, 03/06/2023 - 06:13 You may think of an insurance company as a singularly-focused entity, offering protection for one product. However, the insurance business reaches across a disparate range of consumer products.

Customer Experience 71

Customer Experience Insurance B2C B2B 71

Dark Reading

AUGUST 29, 2022

Businesses need to re-evaluate their cyber-insurance policies as firms like Lloyd's of London continue to add restrictions, including excluding losses related to state-backed cyberattackers.

Insurance 110

Insurance Risk 110

Security Affairs

SEPTEMBER 29, 2020

Gallagher (AJG) insurance giant disclosed a ransomware attack, the security breach took place on Saturday. Gallagher (AJG) global insurance brokerage firm confirmed that it was his with a ransomware attack on Saturday, September 26. Gallagher (AJG) insurance giant discloses ransomware attack appeared first on Security Affairs.

Insurance 140

Insurance Ransomware Data breaches Cybersecurity 140

Dark Reading

OCTOBER 23, 2023

To protect themselves from threats, companies also need proactive cybersecurity.

Insurance 115

Insurance Cybersecurity 115

Schneier on Security

JANUARY 25, 2022

The insurance company Ace American has to pay for the losses: On 6th December 2021, the New Jersey Superior Court granted partial summary judgment (attached) in favour of Merck and International Indemnity, declaring that the War or Hostile Acts exclusion was inapplicable to the dispute. Merck suffered US$1.4 Merck suffered US$1.4

Insurance 71

Insurance Risk Government IT 71

KnowBe4

DECEMBER 30, 2022

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.

Insurance 88

Insurance Data breaches Security awareness Security 88

Data Breach Today

NOVEMBER 19, 2022

Department of Justice on Friday charged 10 individuals with using business email compromise and money laundering schemes to target public and private insurers. These schemes targeted Medicare, state Medicaid programs, private health insurers and numerous other victims.

Insurance 247

Insurance 247

DLA Piper Privacy Matters

MARCH 27, 2023

LOPMI introduces amendments to the insurability of losses and damages paid in response to cyber-attacks, including in relation to ransom payments – requiring that the payment of insurance compensation be conditional on the filing of a complaint, within a 72 hour time frame, to competent authorities.

Insurance 52

Insurance Risk Ransomware Cybersecurity 52