Data Matters

FEBRUARY 11, 2019

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. 6491 (Act). MCL § 500.550. MCL § 500.550.

Insurance 68

Insurance Security Cybersecurity FOIA 68

Data Protection Report

OCTOBER 3, 2021

Connecticut’s amended statute follows the course of many other states in deeming as compliant with the statute any person who is subject to and in compliance with the Health Insurance Portability and Accountability Act (“HIPAA”) and the Health Information Technology for Economic and Clinical Health Act (“HITECH”). 1] [link]. [2]

Data breaches 142

Data breaches IT Insurance Passwords 142

eSecurity Planet

AUGUST 4, 2023

Referrals: Most In-Depth Option Of course, obtaining a list of potential candidates provides no information about the quality of the vendor. Even a robust IT or security department will find certain tasks or projects beyond their capabilities. In smaller companies, the issues become even more profound.

IT 98

IT Compliance Cybersecurity Communications 98

eSecurity Planet

OCTOBER 11, 2022

Data gathering and analysis can be beneficial in cybersecurity too of course. UEBA has been growing for some time, and a 2022 Market Data Forecast report predicts its global market size to grow from $890.7 million in 2019 to $1.1 billion by 2025. There are a number of different ways to perform this sort of investigation.

Analytics 122

Analytics Cybersecurity IT Data breaches 122

IT Governance

JUNE 1, 2023

We offer a variety of resources to help understand and mitigate threats, from training courses and consultancy services to free guides. MCNA Insurance MCNA Insurance, also known as MCNA Dental, was caught up in a cyber hacking incident last week, in which 112 covered entities were affected.

Data breaches 122

Data breaches Insurance Personal data Ransomware 122

eSecurity Planet

OCTOBER 18, 2022

First, call the cyber insurance company that issued the organization’s cybersecurity policy. Most insurance companies require specific incident response vendors, procedures, and reporting that must be met to meet the standards to be insured. Insured companies often will not have options. The First Calls After an Attack.

Ransomware 145

Ransomware Encryption Insurance Access 145

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

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

CGI

SEPTEMBER 5, 2018

UK Honey Bees and Insurance; an existential threat in the wings? There is of course one difference between the hive and the Insurance sector – the ability to respond. There is of course one difference between the hive and the Insurance sector – the ability to respond. Wed, 09/05/2018 - 04:28.

Insurance 40

Insurance Sales Marketing IT 40

CGI

FEBRUARY 28, 2017

Insurers’ digital focus is looking through the wrong ‘lens’. Read any article on digital insurance and it seems to me that it is all about the insurers! harini.kottees…. Tue, 02/28/2017 - 03:52. This again causes consumer dissatisfaction with the industry as a whole and drives unwanted consumer behaviours at the point of claim.

Insurance 40

Insurance Big data IoT Manufacturing 40

CGI

AUGUST 31, 2016

Insurers’ role will be critical in improving cybersecurity standards. And, of course, our world is becoming increasingly digital in nature, with all kinds of services—from finance to health, energy and tax affairs—becoming digitally delivered. Wed, 08/31/2016 - 08:00.

Insurance 40

Insurance Cybersecurity Risk Marketing 40

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

MARCH 1, 2017

‘The Organist Entertains’ – reaction to the insurance Ogden discount rate cut. When I first saw the word ‘Ogden’ in the Insurance press I was immediately reminded of the long running BBC programme ‘the organist entertains’ hosted by Nigel Ogden. ravi.kumarv@cgi.com. Wed, 03/01/2017 - 05:02. I propose an alternative approach.

Insurance 40

Insurance IT 40

Troy Hunt

NOVEMBER 14, 2023

That's the context that accompanied a massive trove of data that was sent to me 2 years ago now. I looked into it, tried to attribute and verify it then put it in the "too hard basket" and moved onto more pressing issues. One of the first things I do after receiving a data breach is to literally just Google it: acuity data breach.

Insurance 121

Insurance Data breaches Mining IT 121

Hunton Privacy

OCTOBER 14, 2014

On October 8, 2014, the Department of Homeland Security reported that over the course of several months, the network of a large critical manufacturing company was compromised. The incident raises some issues for cyber insurance. That the incident occurred over several months suggests that trigger dates for cyber insurance be examined.

Insurance 40

Insurance Cybersecurity Manufacturing Information Security 40

eSecurity Planet

APRIL 29, 2024

For example, the Health Insurance Portability and Accountability Act (HIPAA) regulates personal health information and imposes fines for data breach or data inaccessibility. Stakeholders should brainstorm how to manage risk through controls, process changes, insurance, or business decisions such as “stop taking credit cards for payment.”

Risk 64

Risk Compliance Communications Insurance 64

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

CGI

FEBRUARY 28, 2018

Digital Customer Experience is becoming the deciding battlefield on the insurance landscape. Digital Customer Experience in many ways is becoming the deciding battlefield on the insurance landscape as to who will win through. p.butler@cgi.com. Wed, 02/28/2018 - 10:36. Although respective remits often tend to be company specific.

Customer Experience 40

Customer Experience Insurance Artificial Intelligence Retail 40

KnowBe4

APRIL 25, 2023

link] [Head Scratcher] More Companies With Cyber Insurance Are Hit by Ransomware Than Those Without? In an interesting twist, new data hints that organizations with cyber insurance may be relying on it too much, instead of shoring up security to ensure attacks never succeed. Things could get much worse. Users beware.

Insurance 70

Insurance Security awareness Phishing Ransomware 70

Security Affairs

NOVEMBER 14, 2022

During the past few weeks, I had the pleasure of running a presentation on how to deal with the risk of ransomware cyberattacks on corporations for the benefit of members of the “ In the Boardroom ” training course dedicated to professionals who are or aspire to become board members of publicly traded companies.

Insurance 111

Insurance Risk Ransomware Encryption 111

John Battelle's Searchblog

JANUARY 25, 2019

I have spent 30-plus years in the tech and media industries, mainly as a journalist, observer, and founder of companies that either make or support journalism and storytelling. When it comes to many of the things I am going to talk about here, I am not an expert. For whatever reason, I did this by founding or co-founding companies. It’s Broke.

Government 92

Government IT Marketing ROT 92

Schneier on Security

NOVEMBER 13, 2020

If you want your insurance company to have access to your fitness data, you grant it through your pod. This is a significant step forward to realizing Tim’s vision : The technologies we’re releasing today are a component of a much-needed course correction for the web. It’s yours.

IoT 121

IoT Insurance Access Government 121

The Last Watchdog

JUNE 6, 2022

Easier said than done, of course. CISOs need only to follow the principles honed over the past 200 years by the property and casualty insurance industry. I had the chance to discuss this with Lori Smith, director of product marketing at Trend Micro. For a full drill down on our discussion, please give the accompanying podcast a listen.

Risk 263

Risk Security Cloud Insurance 263

Security Affairs

JANUARY 14, 2019

Zurich American Insurance Company is refusing to refund its client because consider the attack as “an act of war” that is not covered by its policy. The overall damages that insurance firms would probably have to cover reach over $80bn. SecurityAffairs – Mondelez, cyber insurance). Pierluigi Paganini.

Insurance 81

Insurance Ransomware Sales Government 81

IT Governance

JUNE 1, 2021

But, of course, the nature of ransomware attacks makes it hard for organisations to determine how many records were affected. For the second month in a row, ransomware has dominated our list of data breaches and cyber attacks. Of the 128 publicly disclosed incidents that we discovered in May, more than 40% of them were ransomware attacks.

Data breaches 124

Data breaches Ransomware Insurance Energy and Utilities 124

IT Governance

NOVEMBER 7, 2022

As a result, the personal data of 244,850 patients was compromised – which likely includes patients’ names and numbers, but protected health information such as dates of birth and health insurance numbers might also be affected. Twitter’s verification chaos creates authentication conundrum.

Phishing 119

Phishing Retail Data breaches Insurance 119

KnowBe4

MAY 16, 2023

link] Munich Re: '3X Growth Estimated in Cyber Crime Costs Over the Next 4 Years' As cyber attacks continue to grow in sophistication and frequency, cyber insurers are expecting their market to double in the next two years. I've also talked quite a bit about cyber insurance and the recent trends. billion by 2027. "3x billion by 2027.

Phishing 79

Phishing Insurance Passwords Ransomware 79

The Last Watchdog

NOVEMBER 27, 2022

Many people who receive SNAP benefits are also eligible for Medicaid, Temporary Assistance for Needy Families (TANF), and the Children’s Health Insurance Program (CHIP). The agency manually verifies the data and stores it in a government database. Whenever the resident wants to apply for services from another agency, the process repeats.

Government 211

Government Blockchain Access Insurance 211

AIIM

APRIL 12, 2022

The classic example is the insurer that won’t pay for care that a doctor determines a patient needs. Insurers are about profit; doctors are about delivering the best care. With collaborative videoconferencing: Low-income patients without insurance can use the Emergency Room less often. Or so it seems. Telemedicine.

Computer and Electronics 104

Computer and Electronics Insurance Marketing Paper 104

Troy Hunt

MARCH 2, 2020

These were companies spanning all sorts of different industries; big tech, general infosec, antivirus, hosting, finance, e-commerce, cyber insurance - I could go on. It wasn't something I could have seen coming nor was it anything to do with HIBP itself, but it introduced a range of new and insurmountable barriers. My bag hadn't made it.

IT 135

IT Mining Sales Data breaches 135

Thales Cloud Protection & Licensing

APRIL 11, 2023

Retail companies, insurance companies, restaurants, and banks, to name a few, and even public sector organizations serving consumers or citizens were forced to adapt. What about doing KYC (Know Your Customer) for a new bank or insurance customer without requiring them to come to a branch office, and that too, at scale?

B2C 87

B2C B2B Retail Insurance 87

IT Governance

SEPTEMBER 15, 2021

The alternative is to build an internal security team and encourage employees in security-adjacent roles, such as IT, to take cyber security training courses. The report also found that 30% of organisations had skills gaps in more advanced areas, such as penetration testing, forensic analysis and security architecture.

Security 122

Security Insurance Education Government 122

KnowBe4

MARCH 28, 2023

"A leader tasked with cybersecurity can get ahead of the game by understanding where we are in the story of machine learning (ML) as a hacking tool," Tyson writes. "At At present, the most important area of relevance around AI for cybersecurity is content generation. Remember: Culture eats strategy for breakfast and is always top-down.

Phishing 82

Phishing Security awareness Insurance Cybersecurity 82

The Last Watchdog

JUNE 2, 2022

Big banks and insurance companies instilled the practice of requesting their third-party vendors to fill out increasingly bloated questionnaires, called bespoke assessments, which they then used as their sole basis for assessing third-party risk. Related: A call to share risk assessments. Cyber hygiene boost.

Security 266

Security Risk Digital transformation Insurance 266

IT Governance

APRIL 23, 2019

The information comprised names, addresses, gender, dates of birth, phone numbers, National Insurance numbers, bank details and salaries. The Supreme Court has given Morrisons permission to appeal a ruling that found the supermarket liable for a data breach caused by a malicious insider. Does Morrisons stand a chance?

Data breaches 82

Data breaches Insurance GDPR Compliance 82

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

IT Governance

JANUARY 9, 2024

million people was compromised, including names, addresses, dates of birth, Social Security numbers, taxpayer identification numbers, medical information, health insurance information, and billing and claims information. HealthEC LLC breached, almost 4.5 Information relating to nearly 4.5 TB Gräbener Maschinentechnik GmbH & Co.

Data Privacy 75

Data Privacy Privacy Manufacturing Data breaches 75