IBM Big Data Hub

DECEMBER 8, 2023

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. Building a strong risk mitigation strategy can set up an organization to have a strong response in the face of risk.

Risk 73

Risk Compliance Insurance IT 73

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. The Framework.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. This article looks at cybersecurity risk management, how to establish a risk management system, and best practices for building resilience. What is Cybersecurity Risk Management?

Risk 140

Risk Cybersecurity Encryption Access 140

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. sought coverage for expenses under its property insurance policy.

Insurance 70

Insurance Cybersecurity Risk Education 70

Data Protection Report

JANUARY 4, 2024

On December 9, 2023, the California Privacy Protection Agency (CPPA) met to discuss, among many other topics, three proposed draft regulations that were required by the California Privacy Rights Act (CPRA) amendment to the California Consumer Privacy Act (CCPA): Automated Decision-Making Technology, Cybersecurity Audits, and Risk Assessments.

Privacy 110

Privacy Cybersecurity Artificial Intelligence e-Discovery 110

Daymark

DECEMBER 5, 2023

On October 30, 2023, the US Securities and Exchange Commission (SEC) announced fraud charges against SolarWinds and its former chief information security officer (CISO), alleging that “ SolarWinds’ public statements about its cybersecurity practices and risks were at odds with its internal assessments.”

Insurance 62

Insurance Cybersecurity Risk Information Security 62

Data Breach Today

MAY 13, 2019

Security Experts Say Prosecution's Document Offers Critical Cybersecurity Insights The indictment of two Chinese men for a 2014 cyberattack on health insurer Anthem that compromised information on nearly 80 million individuals contains extensive details about the incident that security professionals can use to help with their breach prevention strategies. (..)

Insurance 180

Insurance Cybersecurity Security 180

Thales Cloud Protection & Licensing

OCTOBER 5, 2022

Global October Cybersecurity Events: Where You Can Find Thales. The summer is now over, and October is a month full of cybersecurity events for Thales around the world. This includes strategies for using different key manager, including Thales’s CipherTrust Cloud Key Manager for centrally managing keys across multiple clouds.

Cybersecurity 87

Cybersecurity Cloud Digital transformation Sales 87

The Last Watchdog

MARCH 13, 2023

CISOs should not allow their board or executive team to continue believing that cybersecurity exists solely as a cost center. Ultimately, cybersecurity can become a profit center when customers, insurers, and regulators require it. Demonstrate secure practices to customers.

Security 203

Security Insurance Cybersecurity Customer Experience 203

Thales Cloud Protection & Licensing

JANUARY 16, 2024

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. DORA: 1 year to go! What is the scope of DORA?

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

The Last Watchdog

OCTOBER 5, 2023

Editor’s note: I recently had the chance to participate in a discussion about the overall state of privacy and cybersecurity with Erin Kapczynski, OneRep’s senior vice president of B2B marketing. How did you first get interested in cybersecurity as a career? Erin: So, let’s get started. What drew you to this field?

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

Data Protection Report

AUGUST 29, 2022

On July 13, 2022, the Office of the Superintendent of Financial Institutions (OSFI) released its final Guideline B-13 (the Guideline), setting out technology and cyber risk management expectations for all federally regulated financial institutions (FRFIs), such as banks, insurance and trust companies.

Risk 116

Risk Insurance Cybersecurity Government 116

eSecurity Planet

APRIL 29, 2024

Additional Upside Most risk strategies focus on controlling downside risks, but IRM also considers and promotes upside risk opportunities. All risk management strategies strive to use threats to business processes to determine risk. In the planning phase, develop a strategy and assess potential risks.

Risk 67

Risk Compliance Communications Insurance 67

Data Matters

FEBRUARY 25, 2022

DPFS will be relevant to all those in financial services, including those in the banking, insurance, fintech, funds, payments, private equity, securities, wealth management, and other financial sectors. Hear from industry speakers on: How the latest privacy and cybersecurity developments in Europe and the U.S.

Financial Services 103

Financial Services Privacy Data Privacy Cybersecurity 103

Thales Cloud Protection & Licensing

MAY 9, 2022

Therefore, immediate action is needed to deploy more robust cybersecurity strategies. The White House Executive Order on Improving the Nation’s Cybersecurity from May 12, 2021 and the supporting Office of Management Budget Federal Strategy to Move the U.S. Cyber insurance coverage ramps up.

Insurance 71

Insurance Ransomware Encryption Authentication 71

eSecurity Planet

OCTOBER 18, 2022

The vast majority of cybersecurity decision makers – 91 percent, in fact – find it difficult to select security products due to unclear marketing, according to the results of a survey of 800 cybersecurity and IT decision makers released today by email security company Egress. Defense-in-depth or Vendor Sprawl?

IT 122

IT Security Cybersecurity Marketing 122

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

Insurance 91

Insurance Government Cybersecurity Risk 91

Getting Information Done

APRIL 18, 2017

Cybersecurity is a strategic priority for most organizations. We’ve all heard for years that information technology (IT) and cybersecurity require people, process, and technology; however, over the years, “people” and “process” have not received the same attention as “technology.” As a result, companies are turning to cyber insurance.

Government 53

Government Cybersecurity Insurance Information governance 53

Krebs on Security

DECEMBER 8, 2022

Ransomware groups are constantly devising new methods for infecting victims and convincing them to pay up, but a couple of strategies tested recently seem especially devious. Alex Holden is founder of Hold Security , a Milwaukee-based cybersecurity firm. “ Cl0p ” a.k.a. ”

Ransomware 255

Ransomware Metadata Insurance Encryption 255

IBM Big Data Hub

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more.

Cloud 80

Cloud Financial Services Risk Business Services 80

Hunton Privacy

OCTOBER 19, 2016

On October 19, 2016, the Federal Deposit Insurance Corporation (“FDIC”), the Federal Reserve System (the “Fed”) and Office of the Comptroller of the Currency issued an advance notice of proposed rulemaking suggesting new cybersecurity regulations for banks with assets totaling more than $50 billion (the “Proposed Standards”).

Cybersecurity 63

Cybersecurity Risk Insurance Marketing 63

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 85

Phishing Security awareness Insurance Cybersecurity 85

IBM Big Data Hub

NOVEMBER 20, 2023

The “ Cloud Transformation Report ,” a new global survey from the IBM Institute for Business Value (IBV), found that many leading enterprises share a common foundation to digital transformation—a clear hybrid cloud strategy.¹ With the rise of generative AI comes an influx of data.

Cloud 91

Cloud Digital transformation Data structuring Marketing 91

CGI

DECEMBER 7, 2017

Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). In my previous blog , I introduced findings from in-person interviews CGI held in 2017 with more than 1,300 client executives across 17 countries, including insurance business and IT executives. Protect through cybersecurity (65%).

Insurance 40

Insurance Digital transformation Artificial Intelligence GDPR 40

CGI

DECEMBER 5, 2017

Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). In my previous blog , I introduced findings from in-person interviews CGI held in 2017 with more than 1,300 client executives across 17 countries, including insurance business and IT executives. Protect through cybersecurity (65%).

Insurance 40

Insurance Digital transformation Artificial Intelligence GDPR 40

Hunton Privacy

JULY 16, 2021

On July 13, 2021, federal bank regulators – the Board of Governors of the Federal Reserve System (the “Board”), the Federal Deposit Insurance Corporation (“FDIC”) and the Office of the Comptroller of the Currency (“OCC”) (collectively, the “Regulators”) – requested public comment on proposed joint guidance regarding banking organizations’ management (..)

Risk 81

Risk Insurance Sales Encryption 81

eSecurity Planet

JUNE 16, 2022

However, basic cybersecurity tools and practices, like patching , strong passwords , and multi-factor authentication (MFA), “can prevent 80 to 90% of cyberattacks,” said Anne Neuberger, deputy national security advisor for cyber and emerging technologies, during a White House press conference in Sept. The average cost of a breach is $3.6

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

eSecurity Planet

SEPTEMBER 10, 2021

Backups are a critical component of any enterprise cybersecurity posture, but they are not an airtight strategy. The following sections speak to how ransomware can affect organizations with backup strategies in place, the implications of advanced malware , and why the type of backup solution matters. Data Exfiltration.

Ransomware 118

Ransomware Encryption Cybersecurity Access 118

Hunton Privacy

DECEMBER 11, 2014

On December 10, 2014, the New York State Department of Financial Services (the “Department”) announced that it issued an industry guidance letter to all Department-regulated banking institutions that formally introduces the Department’s new cybersecurity preparedness assessment process.

Cybersecurity 40

Cybersecurity Financial Services Insurance Information Security 40

Data Protection Report

OCTOBER 24, 2022

On October 18, 2022, the New York Department of Financial Services announced a settlement with EyeMed, a licensed life, accident, and health insurer, with respect to a security incident that occurred in 2020. Nevertheless, EyeMed certified its compliance with the Cybersecurity Regulation annually, from 2018-2021. 23 NYCRR § 500.13.

Cybersecurity 52

Cybersecurity Personal data Risk Financial Services 52

The Last Watchdog

DECEMBER 12, 2023

A look back at the cybersecurity landscape in 2023 rings all-too familiar: cyber threats rapidly evolved and scaled up , just as they have, year-to-year, for the past 20 years. Eyal Benishti , CEO, IRONSCALES Benishti Generative AI (GenAI) reshaped cybersecurity in 2023. The comments we received were uniformly insightful and helpful.

Cybersecurity 258

Cybersecurity Phishing Authentication Analytics 258

IBM Big Data Hub

JANUARY 22, 2024

The photo will expedite the recovery process and help when filing a police report or a possible claim with your insurance company. Regardless of your decision, you should always consult with law enforcement officials and cybersecurity professionals before moving forward.

Ransomware 114

Ransomware Encryption Analytics Data breaches 114

Cyber Info Veritas

JULY 19, 2018

This is according to a recent survey conducted by Soha Systems, and according to one of the speeches delivered by the Superintendent of the New York State Department of Financial Services, Mr. Benjamin Lawsky, “ A company’s cybersecurity is only as strong as the cybersecurity of its third-party vendors ”.

Risk 40

Risk Cybersecurity Compliance Data breaches 40

CGI

MAY 26, 2016

Managing the regulatory risks of cybersecurity: An evolving regulatory landscape. are well aware of the business risks related to cybersecurity but there are an increasing number of related regulatory risks that also need to be addressed. Fri, 05/27/2016 - 00:37. Financial institutions in the U.S. regulators’ state of mind. .

Cybersecurity 40

Cybersecurity Risk Financial Services Compliance 40

IBM Big Data Hub

JANUARY 16, 2024

In this blog we’ll breakdown trends likely to come out of these major technological advancements plus other trends including sustainability, cybersecurity and the return of crypto. One example of this is in insurance. Trend: Customer experience One true benefit of AI-powered technology is the customer experience , or CX.

Financial Services 51

Financial Services Customer Experience Cloud Digital transformation 51

Hunton Privacy

MARCH 15, 2013

These proposed amendments are significant because they establish a new duty to notify the German Federal Office for Information Security in the event of a cybersecurity breach.

Cybersecurity 40

Cybersecurity Information Security Insurance Privacy 40

eSecurity Planet

OCTOBER 5, 2021

Basic cybersecurity defenses still apply: next generation firewalls (NGFW) , endpoint detection and response (EDR) platforms, employee cybersecurity training , patching. Training of employees to prevent phishing from both email and social media, as well endpoint protection and other cybersecurity safeguards to prevent future attacks.

Ransomware 139

Ransomware Encryption Cybersecurity Insurance 139