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

AIIM

FEBRUARY 22, 2018

In a recent AIIM survey, 85% of finance and insurance executives said that digital preservation was “important” or “very important” to their organizations – even higher than the 77% reported in other industries. Why is it particularly important in finance and insurance?

Digital preservation 93

Digital preservation Insurance Financial Services Digital transformation 93

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

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

IT Governance

NOVEMBER 6, 2023

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. When MOVEit was hacked by the Russian Cl0p ransomware gang in May, email addresses and links to government employee surveys were compromised.

Data Privacy 97

Data Privacy Privacy Libraries Security 97

IT Governance

SEPTEMBER 26, 2018

Two thirds of UK organisations are uninsured against the financial impact of a data breach, a survey has revealed. The Risk:Value 2018 Report by NTT Security discovered that only 29% of organisations have dedicated cyber insurance in place, despite 81% of senior executives touting insurance against data breaches as “vital”.

Data breaches 102

Data breaches Insurance Information Security Compliance 102

Information Management Resources

JANUARY 29, 2020

Nearly half of insurers report issues with information bottlenecks, according to Willis Towers Watson survey of nearly 100 carriers.

Insurance 50

Insurance Analytics 50

IT Governance

FEBRUARY 8, 2018

The Cyber Security Breaches Survey 2018 from the Department for Digital, Culture, Media and Sport (DCMS) has revealed that only 38% of businesses and 44% of charities have heard of the General Data Protection Regulation (GDPR). This is a worrisome finding, as it is only a matter of months until the new Regulation is enforced.

GDPR 63

GDPR Government Education Compliance 63

IT Governance

MARCH 20, 2024

The UK government’s Cyber Security Breaches Survey 2023 confirms this trend. These are only identified breaches and attacks According to IBM’s Cost of a Data Breach Report 2023 , it takes an average of 204 days (6.7 This is a false economy. months) to identify a breach, and only 33% of breaches are identified internally.

Security 116

Security Data breaches Government Insurance 116

Collibra

SEPTEMBER 9, 2022

Data-driven organizations are depending on modern technologies and AI to get the most out of their data assets. But they struggle with data quality issues all the time. Incomplete or inaccurate data, security problems, hidden data – the list is endless. What are the most common data quality issues?

Analytics 96

Analytics Customer Experience Marketing Unstructured data 96

IT Governance

OCTOBER 4, 2021

Ransomware – malware that aims to prevent victims from accessing their data unless they pay their attackers – seems to be in the news more than ever before. Sophos’s most recent annual ransomware survey, The State of Ransomware 2021 , found that 37% of organisations surveyed in 2021 had been affected by ransomware in the previous year.

Ransomware 134

Ransomware Insurance Phishing Access 134

IBM Big Data Hub

OCTOBER 30, 2023

In today’s digital age where data stands as a prized asset, generative AI serves as the transformative tool to mine its potential. According to a survey by the MIT Sloan Management Review, nearly 85% of executives believe generative AI will enable their companies to obtain or sustain a competitive advantage.

Analytics 89

Analytics Retail Cloud Insurance 89

IT Governance

MARCH 2, 2020

Ordinance Survey discovers breach of employee data (1,000). South Carolina-based United Health notifies patients of 2019 data breach (36). Ashley Madison data breach victims still being hounded by sextortion scammers (unknown). Altice USA employees’ data stolen in phishing attack (12,000). Cyber attacks.

Data breaches 145

Data breaches Ransomware Phishing Personal data 145

IBM Big Data Hub

AUGUST 2, 2023

Chatbot platforms can also provide reminders, conduct surveys, and collect feedback to enhance employees’ experiences. Also, providing payroll and policy information, chatbots collect and store data that can be retrieved as and when required. Chatbots for employee support Powerful AI chatbots can help employees 24/7.

Artificial Intelligence 69

Artificial Intelligence Insurance Communications Analytics 69

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. Also read: eSecurity Planet’s 2022 Cybersecurity Product Awards.

IT 123

IT Security Cybersecurity Marketing 123

The Last Watchdog

OCTOBER 26, 2021

This, in turn, has triggered a surge in certificate outages: some two-thirds of 400 enterprises participating in a recent survey reported certificates expiring unexpectedly – with 25 percent experiencing five to six such outages in a recent six month period. And there are two other intertwined drivers in play: compliance and security.

Digital transformation 230

Digital transformation Compliance Encryption Authentication 230

Thales Cloud Protection & Licensing

AUGUST 3, 2021

Protecting Medical Data Against a Cyber-Attack Pandemic. Patient records were always valued by attackers for launching sophisticated insurance fraud schemes, purchasing medical supplies or drugs, or committing other types of fraud including identity theft. Tue, 08/03/2021 - 09:44. Such was the case with the COVID-19 pandemic.

IoT 87

IoT Encryption Cloud Authentication 87

eSecurity Planet

OCTOBER 18, 2021

In an interview with eSecurity Planet , Daryl Crockett, CEO of data management company ValidDatum, said the case has the potential to be a game-changer regarding corporate responsibility for the impact of ransomware. ” Cyber Insurance No Longer Reliable. “And the war can be multi-pronged. .

Ransomware 104

Ransomware Insurance Digital transformation Cybersecurity 104

Collibra

MARCH 31, 2022

We now live in an age where data is involved in every aspect of our world. Whether it’s a suggestion of a product while shopping online, or calculating insurance rates based on your driving behavior, data is the common denominator. Data lineage enables users to better understand how the data flows.

Insurance 52

Insurance Government Analytics Compliance 52

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

DLA Piper Privacy Matters

JUNE 4, 2021

Increased scrutiny over connected car and automobile industry data from Chinese regulators, including push towards data localisation. China is a leading marketing for connected and autonomous vehicles, and use and analytics of connected vehicle data has been encouraged by Chinese Government support of big data and AI technology.

Big data 66

Big data Compliance Personal data Insurance 66

CGI

DECEMBER 7, 2017

Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1). This year, we conducted in-person interviews with more than 1,300 client executives across 17 countries, including insurance business and IT executives. p.butler@cgi.com. Thu, 12/07/2017 - 15:32. Change accelerators.

Insurance 40

Insurance Digital transformation Blockchain Retail 40

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 95

Cloud Digital transformation Data structuring Marketing 95

IT Governance

MAY 30, 2019

which breached sixteen years’ worth of insurance data. Hackers steal card data from 201 online campus stores in US and Canada (unknown). NY-based Episcopal Health Service notifies patients of data breach (unknown). Stack Overflow says cyber attack compromised customers’ data (unknown). Data breaches.

Data breaches 112

Data breaches Personal data Ransomware Phishing 112

Thales Cloud Protection & Licensing

AUGUST 3, 2021

Protecting Medical Data Against a Cyber-Attack Pandemic. Patient records were always valued by attackers for launching sophisticated insurance fraud schemes, purchasing medical supplies or drugs, or committing other types of fraud including identity theft. Tue, 08/03/2021 - 09:44. Such was the case with the COVID-19 pandemic.

IoT 71

IoT Encryption Cloud Compliance 71

Information Management Resources

MARCH 21, 2018

Four out of five carriers don't have a plan for collecting, analyzing or securing the flood of data from connected devices, according to LexisNexis survey.

Insurance 32

Insurance IoT Security Big data 32

Information Management Resources

NOVEMBER 12, 2018

Leaders of the finance organizations want to be leaders in developing data and digital strategy, according to Accenture survey.

Insurance 37

Insurance Data science Artificial Intelligence Analytics 37

CGI

JULY 31, 2017

Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1). This year, we conducted in-person interviews with more than 1,300 client executives across 17 countries, including insurance business and IT executives. harini.kottees…. Mon, 07/31/2017 - 05:30. Change accelerators.

Insurance 40

Insurance Digital transformation Blockchain Retail 40

Data Matters

JUNE 22, 2022

Connecticut has passed a new state data privacy law slated to go into effect on July 1, 2023. Consistent with all of the state data privacy laws we have seen to date, the Connecticut law does not provide for a private right of action to broadly enforce the privacy rights provisions of the law.

Data Privacy 88

Data Privacy Privacy Personal data Sales 88

Adam Levin

JUNE 30, 2020

While there’s no shortage of examples of ransomware attacks, a recent study by data protection firm Veritas suggests an even bigger problem that few, if any, companies are prepared for: Customers are increasingly laying the blame on companies, specifically their CEOs, rather than on the hackers perpetrating the attacks.

Ransomware 74

Ransomware Insurance Cybersecurity Manufacturing 74

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

According to a recent market study 1 , 71% of individuals surveyed said double and triple extortion tactics have grown in popularity over the last 12 months, and 65% agree that these new threats make it tougher to refuse ransom demands. To increase pressure, the bad actors then threaten to publish the private data.

Ransomware 71

Ransomware Encryption Security awareness Cybersecurity 71

Data Protection Report

JULY 29, 2019

We are pleased to report that Norton Rose Fulbright has been shortlisted for cyber law firm of the year at the 2019 Insurance Insider Cyber Rankings Awards. The winner will be determined from the results of a wide-ranging survey of insurers and brokers and will be announced on 20 September 2019.

Insurance 40

Insurance Data breaches Data Privacy Cybersecurity 40

Privacy and Cybersecurity Law

SEPTEMBER 15, 2021

Artificial intelligence feeds on data: both personal and non-personal. To be considered a high-quality dataset, the personal data included therein must be processed in accordance with the GDPR. The obligation to report serious incidents or malfunctions recalls the obligation to notify data breaches. …and more.

Artificial Intelligence 52

Artificial Intelligence Personal data GDPR Compliance 52

IBM Big Data Hub

JANUARY 22, 2024

Over 17 percent of all cyberattacks involve ransomware —a type of malware that keeps a victim’s data or device locked unless the victim pays the hacker a ransom. Of the 1,350 organizations surveyed in a recent study, 78 percent suffered a successful ransomware attack (link resides outside ibm.com). Disconnecting backups.

Ransomware 118

Ransomware Encryption Analytics Data breaches 118

AIIM

AUGUST 19, 2021

Despite the proven operational improvements to be gain by going paperless, paper is still prevalent in too many core business processes today including loan applications, insurance claims, and customer onboarding. Reduced Business Risks: A fully digital environment allows you to work not only faster, but also safer.

Paper 210

Paper ECM Digital transformation Insurance 210

IT Governance

JUNE 9, 2022

The UK government scheme outlines five controls that cover the core data protection components. The Cyber Security Breaches Survey 2022 found that 39% of UK businesses identified a cyber attack last year, while another report learned that organisations spend almost £3 million on average responding to security incidents.

Security 119

Security Insurance Information Security Data breaches 119

OpenText Information Management

APRIL 4, 2024

Accenture found that 50% of survey respondents say the pandemic and everything that has happened since has made them question their life choices – and 48% say they plan less than a year into the future, or even not at all. In fact, 93% of customer service teams say expectations are higher than ever before.

Sales 62

Sales B2B Communications Insurance 62