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

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 61

Insurance Cloud Digital transformation Customer Experience 61

Security Affairs

APRIL 29, 2024

wireless carriers $200 million for sharing customers’ real-time location data without consent. wireless carriers nearly $200 million for unlawfully selling access to real-time location data of their customers without consent. Carriers must adopt reasonable measures to prevent unauthorized access to customer data.

Insurance 94

Insurance Communications Access IT 94

KnowBe4

NOVEMBER 17, 2022

The latest data shows that historically massive rate increases seen over the last few years are beginning to come down, primarily due to insurers having a solid understanding of the risk.

Insurance 74

Insurance Risk Security awareness Security 74

KnowBe4

DECEMBER 30, 2022

Analysis of the year’s breaches shows Finance and Insurance businesses are the most targeted and have lost a material count of records as a result.

Insurance 88

Insurance Data breaches Security awareness Security 88

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

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

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

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. Healthcare Data Privacy Laws.

Data Privacy 142

Data Privacy Compliance Privacy Security 142

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

AIIM

JANUARY 23, 2020

This is the first part of a 3-part series on the Ethical Use of Data for Training Machine Learning Technology by guest authors Andrew Pery and Michael Simon. Increasingly, AI-based applications are used to adjudicate entitlement benefits such as eligibility for unemployment insurance. Benefits Entitlement.

Insurance 110

Insurance Risk Government Artificial Intelligence 110

Hunton Privacy

JANUARY 2, 2019

New cybersecurity rules for insurance companies licensed in South Carolina are set to take effect in part on January 1, 2019. The new law is the first in the United States to be enacted based on the data security model law drafted by the National Association of Insurance Commissioners.

Insurance 77

Insurance Cybersecurity Data breaches Encryption 77

IT Governance

APRIL 29, 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 or web scraping is a typically automated process that extracts information from websites, allowing criminals to compile datasets containing personal information.

Data Privacy 94

Data Privacy Privacy Manufacturing Security 94

Rocket Software

JUNE 16, 2022

In today’s digital world, the ability to reduce the risk of fraud is key for any industry, but especially so for health insurance providers and healthcare organizations. Windows-based RPA solutions work best for processing low volumes of data, rather than the high volumes seen in mainframe environments.

Insurance 84

Insurance Risk Digital transformation Marketing 84

The Last Watchdog

JULY 13, 2023

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. For the insurance industry, working with clients to help them tackle these challenges is vital to ensuring businesses operate in as safe an environment as possible.

Risk 189

Risk Insurance Energy and Utilities Marketing 189

The Last Watchdog

JUNE 9, 2022

And, let’s be honest , the deceptive writing phishing assaults and other cyber threats today employ are skilled enough to fool even the most trained, internet-savvy experts. A criminal exploiting someone’s medical or insurance details to make fraudulent claims is known as medical identity theft. Ever present threats.

Privacy 274

Privacy Security Phishing Insurance 274

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

JUNE 1, 2023

Welcome to our new-look list of data breaches and cyber attacks. So, each month, we’ll update this page with the latest figures and links, so be sure to bookmark it to keep an eye out for the latest data breach news. In August 2020, it was embroiled in a data breach affecting more than 800,000 EyeMed and Lenscrafters patients.

Data breaches 122

Data breaches Insurance Personal data Ransomware 122

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

IT Governance

SEPTEMBER 6, 2023

You can find the full list below, divided into four categories: cyber attacks, ransomware, data breaches, and malicious insiders and miscellaneous incidents. For more details about the year’s incidents, check out our new page, which provides a complete list of known data breaches and cyber attacks in 2023.

Data breaches 104

Data breaches Ransomware Insurance Privacy 104

Hunton Privacy

FEBRUARY 29, 2024

It filed a breach report with OCR in February 2019, which then investigated the organization’s data practices starting in December 2019. Submit its training materials to HHS for approval and provide appropriate training to the workforce within 30 days of HHS approval. Investigate all likely policy violations.

Ransomware 111

Ransomware Personal data Risk Privacy 111

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

Hunton Privacy

JULY 1, 2022

In its consent order , the Department noted that the cybersecurity events had caused the exposure of a substantial amount of sensitive personal data belonging to Carnival’s customers, including those residing in New York. NYDFS also found that Carnival had failed to implement basic protocols to prevent data breaches.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

IT Governance

MARCH 5, 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 breached: 183,754,481 records. EasyPark data breach: 21.1 million data records belonging to EasyPark have been listed for sale on a hacking forum.

Data Privacy 52

Data Privacy Privacy Manufacturing Retail 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 118

Energy and Utilities Phishing Blockchain Cybersecurity 118

IT Governance

MARCH 20, 2024

Possible reasons for this trend change Reasons for organisations deprioritising security may include: Rising costs and economic uncertainty; Geopolitical tensions and uncertainty; and Fewer UK businesses identifying attacks or breaches, according to government data. % This is a false economy. Our research found 8.2 billion records breached.

Security 116

Security Data breaches Government Insurance 116

IBM Big Data Hub

FEBRUARY 13, 2024

Demystifying generative AI At the heart of Generative AI lie massive databases of texts, images, code and other data types. This data is fed into generational models, and there are a few to choose from, each developed to excel at a specific task. Imagine each data point as a glowing orb placed on a vast, multi-dimensional landscape.

Artificial Intelligence 125

Artificial Intelligence Marketing Sales Communications 125

OpenText Information Management

MAY 10, 2024

The recent IT leaders CIO MarketPulse survey by Foundry underscores that data must be ready for AI. When it comes to the challenges organizations face in implementing AI, respondents listed issues related to data management as the most significant. Information management makes data better.

Security 57

Security Artificial Intelligence Privacy Compliance 57

IT Governance

APRIL 11, 2019

In a report published last month , the FCA urged organisations to tackle staff awareness training at all levels, and to ensure the lessons are simple and appropriate to the environment that employees work in. Organisations need to make staff awareness training a board-level priority. Staff awareness training is a crucial part of this.

Retail 66

Retail Risk Education Financial Services 66

The Last Watchdog

OCTOBER 5, 2023

Adding to this will be very smart uses of generative AI – centered around wisely directing LLM capacities onto specific data lakes containing threat intelligence information. Regular training and simulations can help reduce risks associated with human errors. Regular awareness training for employees is indispensable.

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

DLA Piper Privacy Matters

SEPTEMBER 14, 2021

These sectors include: insurance (both general and health insurance); groceries; loyalty schemes; non-bank lenders; superannuation; transport; government; health; education; and. assess and implement required to changes to existing business processes and policy frameworks related to customer data. Background. agriculture.

Agriculture 100

Agriculture Insurance Customer Experience Privacy 100

IT Governance

JANUARY 23, 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. The data set is a collection of 1 billion credentials sourced from stealer logs and hosted on the illicit.services website. Data breached: 70,840,771 email addresses.

Data Privacy 52

Data Privacy Privacy Manufacturing Retail 52

Hunton Privacy

OCTOBER 15, 2021

Bruck and the Division of Consumer Affairs announced a settlement with Diamond Institute for Infertility and Menopause, LLC, over a data breach that compromised the personal information of 14,663 patients, including 11,071 New Jersey residents. Neafsey said in a statement regarding the breach.

Data breaches 103

Data breaches Privacy Insurance Information Security 103

Hunton Privacy

OCTOBER 25, 2022

million fine to Interserve Group Limited for failing to keep employee personal data secure, which violates Article 5(1)(f) and Article 32 of the EU General Data Protection Regulation (“GDPR”), during the period of March 2019 to December 2020. On October 24, 2022, the UK Information Commissioner’s Office (“ICO”) issued a £4.4

Security 97

Security Personal data GDPR Insurance 97

IT Governance

DECEMBER 1, 2022

Welcome to our November 2022 review of data breaches and cyber attacks. The first was a data breach at Twitter, in the latest PR disaster for the social media giant. The second was a cyber attack on the Russian scooter-sharing service Whoosh, which was discovered after customers’ data was put up for sale on the dark web.

Data breaches 115

Data breaches Ransomware Personal data Insurance 115

Collibra

AUGUST 15, 2022

Claims fraud costs government agencies, insurance companies, consumers, and taxpayers billions in losses each year. On the property & casualty front, globally nearly 10% of claims that insurers receive are fraudulent. Combat claims fraud with rigorous data management, analytics and AI.

Insurance 52

Insurance Analytics Metadata Data Privacy 52

Data Protection Report

DECEMBER 8, 2022

Norton Rose Fulbright Canada’s cyber litigation team recently obtained an order in favour of an insurer, granting it relief from forfeiture in respect of more than 11 bitcoins from the assets seized from a prolific ransomware gang. [1] Insurers excluded from restitution order.

Ransomware 98

Ransomware Insurance IT Data breaches 98