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 75

Insurance Risk Artificial Intelligence Government 75

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 102

Government Insurance Ransomware Data breaches 102

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

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. In the late 18 th century, The Turk, a chess playing machine captured the attention of the world.

Artificial Intelligence 85

Artificial Intelligence Insurance Risk Personal data 85

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 56

Insurance Digital transformation Compliance Cloud 56

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 290

Access Authentication Information Security Communications 290

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 88

Data Privacy Privacy GDPR Personal data 88

Data Protection Report

OCTOBER 3, 2021

Effective October 1, 2021, an amendment [1] to the Connecticut General Statute concerning data privacy breaches, Section 36a-701b, will impact notification obligations in several significant ways. Required Identity Theft Prevention Services.

Data breaches 142

Data breaches IT Insurance Passwords 142

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 85

Privacy Government Data Privacy Data breaches 85

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 103

Data breaches Insurance Government Security 103

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 93

Government Cloud Metadata Insurance 93

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

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 110

Data breaches Insurance Access Cybersecurity 110

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

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

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

John Battelle's Searchblog

JANUARY 25, 2019

Sovrn , a company I still chair, has a similar mission, but with a serious data and tech focus. My current work is split between two projects: One has to do with data governance, the other political media. First, Data. Big data, data breaches, data mining, data science…Today, we’re all about the data.

Government 92

Government IT Marketing ROT 92

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 120

Data breaches Ransomware Insurance Access 120

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 223

Ransomware Insurance Encryption Cloud 223

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

IT Governance

MAY 7, 2024

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Data scraping is a typically automated process that extracts information from websites, allowing criminals to compile data sets containing personal information.

Data breaches 59

Data breaches Education Manufacturing Retail 59

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

erwin

MARCH 30, 2020

Data intelligence has a critical role to play in the supercomputing battle against Covid-19. While leveraging supercomputing power is a tremendous asset in our fight to combat this global pandemic, in order to deliver life-saving insights, you really have to understand what data you have and where it came from.

Metadata 122

Metadata IT Healthcare Government 122

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. Scanning paper documents is a manual, time consuming process with high labor and hardware costs.

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

Data Protection Report

APRIL 30, 2024

The claims related to the company’s sharing personal data without consumer consent and making it very difficult for consumers to cancel their subscriptions to this telehealth service. The order also requires that the company destroy personal data for which it had not received consent and to create a document retention and destruction policy.

Personal data 85

Personal data Privacy Information governance Compliance 85

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. The companies will keep making money for the rapid tests they collect, he said.

Insurance 128

Insurance Marketing Government IT 128

Security Affairs

OCTOBER 1, 2023

Experts warn that the recent attack on building automation giant Johnson Controls may have exposed data of the Department of Homeland Security (DHS). The threat actors also claim to have stolen over 27 TB of corporate data and encrypted the company’s VMWare ESXi virtual machines during the attack.” reported Bleeping Computer.

Ransomware 131

Ransomware Insurance Cybersecurity Encryption 131

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

IT Governance

NOVEMBER 17, 2022

The Australian health insurance giant fell victim to ransomware in October, as a result of which the personal data of 9.7 Although the latter part of his statement might not be true – the unfortunate reality is that data breaches like this are now common – the broader argument is fair. The extent of the damage.

IT 107

IT Ransomware Security Data breaches 107

eSecurity Planet

AUGUST 9, 2022

Regulatory compliance and data privacy issues have long been an IT security nightmare. And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. GDPR-style data privacy laws came to the U.S. PIPL Raises the Bar – And the Stakes.

Data Privacy 145

Data Privacy Compliance Privacy Security 145

Krebs on Security

APRIL 15, 2019

Indian information technology (IT) outsourcing and consulting giant Wipro Ltd. [ NYSE:WIT ] is investigating reports that its own IT systems have been hacked and are being used to launch attacks against some of the company’s customers, multiple sources tell KrebsOnSecurity. Wipro has refused to respond to questions about the alleged incident.

IT 263

IT Insurance Communications Phishing 263