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Data privacy examples

IBM Big Data Hub

An online retailer always gets users’ explicit consent before sharing customer data with its partners. A navigation app anonymizes activity data before analyzing it for travel trends. One cannot overstate the importance of data privacy for businesses today. The app heavily encrypts all user financial data.

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New York Department of Financial Services Issues Guidance Regarding Life Insurers’ Use of External Consumer Data in Underwriting

Data Matters

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance. Unlawful Discrimination.

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6 climate change adaptation strategies every organization needs today

IBM Big Data Hub

In Florida and California, where hurricanes and wildfires respectively have become more rampant, some insurance providers are choosing to stop servicing these regions entirely. In retail, for example, use future flood risk predictions to inform store location planning, raw material procurement, and inventory supply chain logistics.

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Key Ring digital wallet exposes data of 14 Million users in data leak

Security Affairs

vpnMentor researchers discovered that the popular digital wallet application Key Ring exposed data belonging to millions of users in a huge data leak. Further investigation allowed the experts to discovered other unsecured S3 buckets belonging to the company that were also exposing sensitive data. ” continues the report.

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The growing importance of dynamic pricing and rating in insurance

CGI

The growing importance of dynamic pricing and rating in insurance. On June 20, 2016, CGI held a roundtable discussion on dynamic rating and pricing in the insurance industry that involved nearly all major Dutch insurers. This is in contrast to the traditional cost-plus approach to pricing in the insurance industry.

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The most valuable AI use cases for business

IBM Big Data Hub

For example, Amazon reminds customers to reorder their most often-purchased products, and shows them related products or suggestions. Generative AI can produce high-quality text, images and other content based on the data used for training. A flood of applications can be screened, sorted and passed to HR team members with precision.

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Keeping Up with New Data Protection Regulations

erwin

Keeping up with new data protection regulations can be difficult, and the latest – the General Data Protection Regulation (GDPR) – isn’t the only new data protection regulation organizations should be aware of. A number of high-profile data breaches and scandals have increased public awareness of the issue.

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