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

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 As the number and severity of data breaches continues to rise, organizations are recognizing that those costs are not theoretical. Cyber Insurance is Booming. That’s a 29.1%

Insurance 99

Insurance Ransomware Cybersecurity Marketing 99

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 83

Artificial Intelligence Insurance Risk Personal data 83

Data Protection Report

MARCH 21, 2023

2] In this context, the Directorate General of the French Treasury has put forward a plan of action with a view to clarifying the cyber-insurance legal framework, better gauging cyber-risks, and enhancing companies’ awareness as regards cyber-risks. 12-10-1 into the French Insurance code. However, in the end, Article L.12-10-1

Insurance 105

Insurance Data breaches Personal data GDPR 105

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 73

Insurance Risk Artificial Intelligence Government 73

Hunton Privacy

DECEMBER 16, 2022

On December 7, 2022, the Federal Trade Commission released an updated Mobile Health App Interactive Tool to help developers determine what federal laws and regulations apply to apps that collect and process health data.

Compliance 108

Compliance Insurance Privacy Access 108

The Last Watchdog

AUGUST 24, 2020

Purchasing life insurance once meant going to an insurer’s office or booking an appointment with an insurance agent. Today’s generation is used to getting everything done fast and easy, so life insurance providers had to get with the times and cover all customers’ needs and requirements.

Insurance 190

Insurance IT Security Access 190

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

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 87

Data Privacy Privacy GDPR Personal data 87

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. Huntington Bank has disabled the leaky TCF Bank Salesforce website. .”

Access 294

Access Authentication Information Security Communications 294

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

Security Affairs

NOVEMBER 23, 2023

Healthcare services provider Welltok disclosed a data breach that impacted nearly 8.5 It provides a platform that leverages data-driven insights to engage individuals in their health and well-being. The company disclosed a data breach that exposed the personal data of nearly 8.5 million patients in the U.S.

Data breaches 94

Data breaches Insurance Ransomware Education 94

Data Breach Today

JANUARY 18, 2023

AI Tools are Tempting Productivity Aides for Clinicians, But What Are the Patient Data Risks? What are the risks?

Risk 130

Risk Insurance Privacy IT 130

Security Affairs

NOVEMBER 12, 2023

The State of Maine disclosed a data breach that impacted about 1.3 The State of Maine was the victim of the large-scale hacking campaign that targeted organizations using the MOVEit file transfer tool. The Government organization disclosed a data breach that impacted about 1.3 million individuals. ” continues the incident.

Data breaches 110

Data breaches Insurance Education Cybersecurity 110

Troy Hunt

NOVEMBER 14, 2023

Allegedly, Acuity had a data breach. That's the context that accompanied a massive trove of data that was sent to me 2 years ago now. It was only this week as I desperately tried to make some space to process yet more data that I realised why I was short on space in the first place: Ah, yeah - Acuity - that big blue 437GB blob.

Insurance 122

Insurance Data breaches Mining IT 122

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 141

Data Privacy Compliance Privacy Security 141

eSecurity Planet

AUGUST 27, 2021

In a developing market, third-party risk management (TPRM) software and tools could be the answer to helping organizations fill the gap. This article looks at the top third-party risk management vendors and tools and offers a look into TPRM solutions and what buyers should consider before purchasing. Aravo TPRM.

Risk 130

Risk Compliance Marketing Cybersecurity 130

erwin

MAY 2, 2022

How to create a solid foundation for data modeling of OLTP systems. As you undertake a cloud database migration , a best practice is to perform data modeling as the foundation for well-designed OLTP databases. This makes mastering basic data modeling techniques and avoiding common pitfalls imperative. Data modeling basics.

Cloud 98

Cloud Insurance Metadata IT 98

IT Governance

JULY 15, 2019

Cyber insurance is big business these days. With the ever-present danger of data breaches and cyber attacks, organisations must be sure that they have the financial backing to respond appropriately. The most common reasons that insurers reject cyber insurance claims are organisations’ failure to. Protect data in transit.

Insurance 89

Insurance Data breaches Risk Information Security 89

IBM Big Data Hub

OCTOBER 2, 2023

The FertilityAnswers Bot is a powerful tool that helps people with fertility concerns get the information they need to help them make decisions about their healthcare. The IBM Build Fund provides financial support to Ovum as well as other early-stage startups that are developing innovative AI solutions.

Insurance 93

Insurance Libraries Analytics Marketing 93

IT Governance

JANUARY 5, 2024

For instance, a two-month Europol action (revealed to the public on 22 December) discovered that 443 organisations had suffered data breaches – specifically, their customers’ payment card data had been compromised. This blog provides analysis of the data we’ve collected. This month, we have found several ‘group’ incidents.

Data breaches 97

Data breaches Insurance Manufacturing Ransomware 97

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

The Last Watchdog

JANUARY 30, 2019

Late last year, Atrium Health disclosed it lost sensitive data for some 2.65 The culprit: lax practices of a third-party data and analytics contractor. Individuals can even be affected by parties with whom they have no explicit relationships, such as credit bureaus and data brokers.”. Uphill battle.

Risk 147

Risk Financial Services Insurance Cybersecurity 147

Data Breach Today

JUNE 17, 2020

He notes that many organizations are now carrying cyber insurance coverage, in part, to gain rapid access to incident response tools and expertise. Ideally, organizations will get help to identify the best response, says Kroll's Alan Brill.

Insurance 243

Insurance Ransomware Access 243

eSecurity Planet

OCTOBER 18, 2022

For any organization struck by ransomware , business leaders always ask “how do we decrypt the data ASAP, so we can get back in business?”. The bad news is it doesn’t work most of the time: Paid ransom decryption tools and keys don’t always work. Free decryption tools don’t always work. Paid decryption tools don’t always work.

Ransomware 133

Ransomware Encryption Insurance Access 133

IT Governance

NOVEMBER 13, 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. The data included shoppers’ names, email addresses, phone numbers, countries of residence and membership numbers.

Data Privacy 85

Data Privacy Privacy Security Data breaches 85

Security Affairs

JANUARY 19, 2024

According to the Ransomlooker tool, the number of ransomware attack victims increased by 128.17% compared to the previous year (2022), with 1837 additional incidents. The data shows a shift in ransomware targets over the past three years. Winter was the least active time (14.6%

Ransomware 121

Ransomware Manufacturing Retail Insurance 121

The Last Watchdog

AUGUST 19, 2021

At the start of this week, word got out that hackers claimed to have seized personal data for as many as 100 million T-Mobile patrons. Once more, a heavily protected enterprise network has been pillaged by data thieves. it’s notable that T-Mobile only learned about the breach when the data went up for sale.

Data breaches 306

Data breaches Authentication Access Personal data 306

Security Affairs

JUNE 12, 2023

In February, the Clop ransomware group claimed to have stolen sensitive data from over 130 organizations by exploiting a zero-day vulnerability ( CVE-2023-0669 ) in Fortra’s GoAnywhere MFT secure file transfer tool. ITx began notifying potentially affected data owners on April 11, 2023.”

Data breaches 85

Data breaches Ransomware Insurance Data Privacy 85

Security Affairs

FEBRUARY 26, 2021

Data Breach: WizCase team uncovered a massive data leak containing private information about Turkish Citizens through a misconfigured Amazon S3 bucket. Inova is an actuarial consultancy company, which means they compile statistical analysis and calculate insurance risks and premiums. How Did the Data Breach Happen?

Data breaches 96

Data breaches Insurance Paper Access 96

eSecurity Planet

JANUARY 21, 2021

Data privacy regulations like the EU’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) can be hard to navigate for businesses of any size, but GRC tools can simplify and streamline compliance with all of the requirements. Contents: Top GRC tools comparison. RSA Archer.

Compliance 67

Compliance Risk Government Retail 67

Rocket Software

FEBRUARY 10, 2021

The mission-critical technology powering banking, airlines, insurance companies, the hospitality industry, delivery services, and more, IBM Information Management System, better known as “IMS,” processes an estimated 265 billion transactions today. In fact, if you live a modern life, it’s pretty much impossible not to interact with it.

Analytics 52

Analytics Insurance Access IT 52

eSecurity Planet

SEPTEMBER 14, 2022

A major focus of cybersecurity as an industry is its efforts to detect, root out, and respond to potential fraudsters attempting to trick companies and people out of their money, data, or both. According to data from the Federal Reserve , the 55-69 age group currently controls 41.2% So why do scammers go after older individuals more?

Energy and Utilities 117

Energy and Utilities Phishing Blockchain Cybersecurity 117

IT Governance

MAY 30, 2018

The EU General Data Protection Regulation (GDPR) is designed to harmonise data protection laws across the EU, but certain industries will have to respond differently in order to achieve compliance. A report published by research and consultancy company Celent highlights the challenges that the GDPR presents to insurers.

Insurance 49

Insurance GDPR Compliance Data collection 49

AIIM

JULY 22, 2021

For many businesses, content and data capture tools are highly sought out, particularly in the banking and insurance sectors. With so many different types of documents required to operate and adhere to compliances, the need for capturing data accurately and quickly, especially unstructured data, is ever growing.

Unstructured data 252

Unstructured data Information capture Insurance Compliance 252

Hunton Privacy

MAY 4, 2020

On April 30, 2020, the French Data Protection Authority (the “CNIL”) published guidance on the extraction of web users’ personal data from online public spaces by web scraping tools and re-use of such data for direct marketing (the “Guidance”). Compliance with Basic Data Protection Principles. Background.

Marketing 108

Marketing GDPR Communications Personal data 108

Security Affairs

MARCH 25, 2021

Researchers discovered the availability in the DarK Web of 30M of records of Americans affected by the Astoria Company data breach. Collected data si shared with a number of partner sites (such as insurance or loan agencies), that pay per lead referral. Adminer is a full-featured database management tool written in PHP.

Data breaches 107

Data breaches Sales Insurance Marketing 107