Data Breach Today

JANUARY 23, 2024

Governments Accuse Aleksandr Ermakov and REvil of Being Medibank Hackers The United States, Australia and the United Kingdom sanctioned a Russian man the governments say was behind the October 2022 hacking of Medibank, Australia's largest private health insurer.

Insurance 290

Insurance Data breaches Government 290

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 114

Insurance Ransomware Paper Marketing 114

IT Governance

MAY 24, 2022

With more than 1,200 publicly disclosed data breaches last year , and organisations spending almost £3 million on average responding to security incidents , effective risk management is a top priority. One of the most common ways to mitigate the risk of a cyber security incident is cyber insurance. Data breaches are like earthquakes.

Insurance 137

Insurance Data breaches GDPR Ransomware 137

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. Technological risk—data confidentiality The chief technological risk is the matter of data confidentiality.

Insurance 74

Insurance Risk Artificial Intelligence Government 74

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. It represents AI that can sift through data and divide them into classes (of attributes) by learning the boundaries. It offers customers and the insurer’s system to interact in a human-like manner.

Artificial Intelligence 82

Artificial Intelligence Insurance Risk Personal data 82

IT Governance

AUGUST 23, 2022

Cyber liability insurance helps organisations cover the financial costs of a data breach. Without insurance, organisations spend £3.6 By purchasing cyber liability insurance, organisations gain the resources they need at a fraction of the cost. What does cyber insurance include?

Insurance 122

Insurance Data breaches e-Delivery Risk 122

Security Affairs

APRIL 8, 2024

Greylock McKinnon Associates, a service provider for the Department of Justice, suffered a data breach that exposed data of 341650 people. GMA disclosed a data breach that impacted medicare and other information belonging to 5465 people. The data breach occurred on May 30, 2023, and was discovered on February 7, 2024.

Data breaches 110

Data breaches Insurance Cybersecurity Government 110

Security Affairs

JANUARY 23, 2024

The Australian government announced sanctions for a member of the REvil ransomware group for the Medibank hack that occurred in 2022. The Australian government announced sanctions for Aleksandr Gennadievich Ermakov (aka GustaveDore, aiiis_ermak, blade_runner, JimJones), a Russian national who is a member of the REvil ransomware group.

Government 98

Government Insurance Ransomware Data breaches 98

Data Matters

OCTOBER 20, 2022

Treasury Department is seeking public comment on the need and scope for a potential federal insurance response to catastrophic cyber incidents, akin to the one put in place for terrorism insurance after the attacks of September 11, 2001. The request, published by the Federal Insurance Office (FIO) in the U.S. Background.

Insurance 88

Insurance Marketing Cybersecurity Risk 88

Hunton Privacy

DECEMBER 4, 2023

On November 28, 2023, the New York Department of Financial Services (“NYDFS”) announced that First American Title Insurance Company (“First American”), the second-largest title insurance company in the United States, would pay a $1 million penalty for violations of the NYDFS Cybersecurity Regulation in connection with a 2019 data breach.

Financial Services 64

Financial Services Insurance Data breaches Cybersecurity 64

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

IT Governance

OCTOBER 15, 2020

That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? What is cyber insurance? How does cyber insurance work? What does a cyber insurance policy cover? Who needs cyber insurance?

Insurance 122

Insurance Data breaches Risk Security 122

IBM Big Data Hub

DECEMBER 4, 2023

IBM can help insurance companies insert generative AI into their business processes IBM is one of a few companies globally that can bring together the range of capabilities needed to completely transform the way insurance is marketed, sold, underwritten, serviced and paid for.

Insurance 54

Insurance Digital transformation Compliance Cloud 54

IT Governance

AUGUST 25, 2022

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

Insurance 105

Insurance IT Government Risk 105

Krebs on Security

APRIL 27, 2023

The data exposures all stem from a misconfiguration in Salesforce Community that allows an unauthenticated user to access records that should only be available after logging in. A researcher found DC Health had five Salesforce Community sites exposing data. Unfortunately, I did not receive any responses from government organizations.”

Access 294

Access Authentication Information Security Communications 294

Collibra

JUNE 23, 2023

Government agencies — from DC to Duluth, NYC to LA — are struggling. The ever-growing digitalization of our world has raised significant concerns about data privacy and security, particularly for agencies that manage and process sensitive and confidential information. There’s no going back.

Privacy 84

Privacy Government Data Privacy Data breaches 84

Collibra

MARCH 11, 2024

That is why we believe trusted data is more important now than ever before. With the increased focus on AI, organizations need to prepare for the future with strong AI governance to mitigate risks and increase ROI. Introducing Data Citizens ‘24 Many organizations are just at the beginning of their AI governance journey.

Government 91

Government Cloud Metadata Insurance 91

Thales Cloud Protection & Licensing

MAY 26, 2023

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

Insurance 71

Insurance Digital transformation Security Authentication 71

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

Data Breach Today

NOVEMBER 11, 2022

Australian PM Says Russia Should 'Be Held Accountable' for Data Leaks The Australian government says hackers from Russia are behind the attack on Medibank, the country's largest private health insurer.

Insurance 233

Insurance Government 233

Collibra

FEBRUARY 22, 2023

From the CDO to the data analyst to front-line customer support, everyone is using data to do their job and advance their organizational goals. Increasingly, data leaders require data intelligence to achieve success. But you can’t implement data intelligence if your data isn’t governed.

Government 52

Government Metadata Cloud Insurance 52

IBM Big Data Hub

APRIL 24, 2024

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 user can accept or reject each use of their data individually.

Data Privacy 85

Data Privacy Privacy GDPR Personal data 85

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. Data governance holds key to cloud migration.

Insurance 59

Insurance Cloud Data science Analytics 59

Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. For many years, organizations had limited options for addressing data protection risks. In the last 20+ years, cybersecurity insurance has added risk transference to the available palette of palliative choices. The function of cybersecurity insurance.

Insurance 71

Insurance Cybersecurity Cleanup Ransomware 71

Data Matters

JANUARY 14, 2019

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”.

Insurance 68

Insurance Security Cybersecurity Data breaches 68

Security Affairs

APRIL 4, 2024

US cancer center City of Hope suffered a data breach that impacted 800,000 individuals, personal and health information was compromised. City of Hope suffered a data breach, the organization started notifying 827149 individuals that their personal and health information was compromised. medical record number).”

Data breaches 97

Data breaches Insurance Government Security 97

Krebs on Security

AUGUST 29, 2019

PerCSoft , a Wisconsin-based company that manages a remote data backup service relied upon by hundreds of dental offices across the country, is struggling to restore access to client systems after falling victim to a ransomware attack. Cloud data and backup services are a prime target of cybercriminals who deploy ransomware.

Ransomware 224

Ransomware Insurance Encryption Cloud 224

Collibra

APRIL 11, 2022

Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. Identify data domains.

Government 52

Government Communications Insurance Customer Experience 52

Security Affairs

JANUARY 6, 2024

Law firm Orrick, Herrington & Sutcliffe disclosed a data breach that took place in early 2023, which impacted roughly 600,000 individuals. The law firm Orrick, Herrington & Sutcliffe, disclosed a data breach that impacted 638,000 individuals. ” reads the data breach notification.

Data breaches 104

Data breaches Insurance Access Cybersecurity 104

Collibra

MARCH 11, 2021

Data governance is a very intricate field, so implementing and sustaining data governance comes with a suite of challenges. Luckily, thousands, if not millions, of organizations use data governance to improve their operations, so you can learn from others’ mistakes and successes. Operating model example.

Government 59

Government Communications Insurance Customer Experience 59

Rocket Software

MARCH 14, 2022

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries. Challenges to Effective IDP.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

Data Matters

JUNE 23, 2022

Kentucky and Maryland recently continued the trend of state insurance departments adopting some version of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Data Security Model Law. The post Kentucky and Maryland Recently Joined Other States in Adopting NAIC Model Data Security Law.

Insurance 103

Insurance Security Cybersecurity Information Security 103

Security Affairs

DECEMBER 9, 2023

Kentucky health system Norton Healthcare disclosed a data breach after it was a victim of a ransomware attack in May. Norton Healthcare disclosed a data breach after a ransomware attack that hit the organization on May 9, 2023. TB of data and leaked dozens of files as proof of the hack. BlackCat claimed to have exfiltrated 4.7

Data breaches 117

Data breaches Ransomware Insurance Access 117

Collibra

DECEMBER 16, 2020

The data that healthcare organizations hold is incredibly valuable – it’s perhaps the most valuable asset they have. At an individual level, patient data often contains the key to understanding illness and potential recovery. As a result, data governance in healthcare is non-negotiable. Large volumes of sensitive data.

Government 59

Government Data Privacy Privacy Communications 59

Data Protection Report

SEPTEMBER 23, 2021

The declining cost of electronic data storage may have caused some company executives to conclude that retaining personal data forever is “cheap.” The matter involved one of France’s largest insurers, SGAM AG2R LA MONDIALE, which was subject to an inspection by the French data protection authority (the CNIL), in 2019.

Personal data 110

Personal data Insurance GDPR Record destruction 110

Schneier on Security

JANUARY 19, 2022

Speculation centered around data harvesting, but that didn’t make sense because it was far too labor intensive for that and — sorry to break it to you — your data isn’t worth all that much. They take your name and info, and do a nose swab, but you never get test results.

Insurance 128

Insurance Marketing Government IT 128

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