eSecurity Planet

FEBRUARY 11, 2022

Risk management is a concept that has been around as long as companies have had assets to protect. The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. What is Cybersecurity Risk Management? Setting Up Your Risk Management System.

Risk 127

Risk Cybersecurity Encryption Access 127

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147

Risk Financial Services Insurance Cybersecurity 147

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Audit management.

Compliance 57

Compliance Risk Government Retail 57

Data Protection Report

JUNE 2, 2021

On May 13, 2021, the New York Department of Financial Services (NYDFS) announced a $1.8 million settlement with two related insurance companies, relating to violations of two different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2019. Comprehensive cybersecurity risk assessment.

Cybersecurity 71

Cybersecurity Insurance Financial Services Phishing 71

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

Security Affairs

APRIL 20, 2023

ICICI Bank leaked millions of records with sensitive data, including financial information and personal documents of the bank’s clients. If malicious actors accessed the exposed data, the company could have faced devastating consequences and put their clients at risk, as financial services are the main target for cybercriminals.

Personal data 96

Personal data Phishing Risk Financial Services 96

Data Matters

JUNE 24, 2021

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. enable companies to identify cybersecurity risks and incidents.

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

Hunton Privacy

JULY 24, 2020

On Wednesday, July 22, the New York Department of Financial Services (the “NYDFS”) announced that it had filed administrative charges against First American Title Insurance Co. under the NYDFS Cybersecurity Regulation , marking the agency’s first enforcement action since the rules went into effect in March 2017. NYCRR 500.14(b):

Cybersecurity 85

Cybersecurity Risk Financial Services Insurance 85

Data Matters

APRIL 20, 2021

Significantly, the Cybersecurity Guidance formally states the DOL’s position that cybersecurity is a matter of fiduciary responsibility under ERISA, stating that ERISA requires plan fiduciaries to take appropriate precautions to mitigate cybersecurity risks. Obligations of Service Providers Responsible for Plan-Related IT Systems and Data.

Cybersecurity 68

Cybersecurity Insurance Risk Compliance 68

Info Source

JULY 6, 2023

By Petra Beck, Senior Analyst Capture Software We are often faced with questions like: How do we justify an investment in a Capture or Intelligent Document Processing (IDP) solution? These inputs arrive through different channels in different formats, a significant portion often as paper documents.

Customer Experience 52

Customer Experience Communications Financial Services Insurance 52

Data Protection Report

APRIL 22, 2021

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. A threat actor gained access to an employee’s document management system account. NYDFS Cybersecurity Regulation. The second incident occurred in March of 2019.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

eSecurity Planet

AUGUST 9, 2022

See the Top Governance, Risk and Compliance (GRC) Tools. are subject to laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (the HITECH Act), as well as regulations such as the Clinical Laboratory Improvements Amendments (CLIA).

Data Privacy 142

Data Privacy Compliance Privacy Security 142

Security Affairs

APRIL 8, 2020

“Many of the ID documents we have on file have expired, but if you believe you provided to HMR IDs that are still valid, report these documents as being compromised to the organisation that issued them.” “Consider contacting CIFAS (the UK’s Fraud Prevention Service) to apply for protective registration. .

Ransomware 102

Ransomware Data breaches Encryption Financial Services 102

Data Matters

FEBRUARY 25, 2021

This follows the FCA’s announcement in its 2020-21 business plan that payment services were one of its main supervisory priorities 1 and its temporary guidance of July 9, 2020, on prudential risk management and safeguarding in light of the COVID-19 pandemic ( Temporary COVID Guidance ). Prudential risk management. Safeguarding.

Authentication 68

Authentication Paper Risk Insurance 68

Data Matters

SEPTEMBER 4, 2019

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

Insurance 68

Insurance Paper Risk Analytics 68

Cyber Info Veritas

JULY 19, 2018

This is according to a recent survey conducted by Soha Systems, and according to one of the speeches delivered by the Superintendent of the New York State Department of Financial Services, Mr. Benjamin Lawsky, “ A company’s cybersecurity is only as strong as the cybersecurity of its third-party vendors ”.

Risk 40

Risk Cybersecurity Compliance Data breaches 40

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Audit management.

Compliance 67

Compliance Risk Government Retail 67

IBM Big Data Hub

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 107

Insurance Digital transformation Customer Experience Cloud 107

Data Matters

AUGUST 24, 2018

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data . The NAIC is also considering insurers’ use of big data in underwriting life insurance products.

Insurance 60

Insurance Big data e-Delivery Risk 60

Hunton Privacy

FEBRUARY 6, 2015

On February 3, 2015, the Securities and Exchange Commission (“SEC”) released a Risk Alert , entitled Cybersecurity Examination Sweep Summary, summarizing observations from the recent round of cybersecurity examinations of registered broker-dealers and investment advisers under the Cybersecurity Examination Initiative.

Cybersecurity 40

Cybersecurity Insurance Financial Services Risk 40

Everteam

APRIL 2, 2019

ImageFast is an award-winning consulting and technical services company that has been delivering information governance solutions to the insurance and finance markets for over 20 years. “We With fully defined and applied governance policies, you reduce risks, save money and meet privacy and data retention regulations.

Information governance 40

Information governance Marketing Government Digital transformation 40

Data Matters

NOVEMBER 2, 2021

For institutional investors that trade futures using a futures customer agreement with a registered futures commission merchant, or FCM, this offering can be an appealing way to access digital assets markets because it uses a familiar product and documentation. Traditional OTC Derivatives.

Blockchain 88

Blockchain Marketing Access Risk 88

Shoreline Records Management

AUGUST 21, 2023

Efficient storage ensures that patient data is readily accessible, facilitating seamless coordination between healthcare professionals and reducing the risk of medical errors. It involves housing physical records in secure, external facilities managed by specialized vendors or services.

Records Management 26

Records Management Paper Compliance Access 26

ARMA International

APRIL 18, 2022

The records retention schedule is the foundational document for a records management program. Certain sectors, such as banking, financial services, health, and insurance have their own data protection and privacy requirements. Organizations should place a special focus on consumer and non-financial employee data.

Personal data 100

Personal data GDPR Privacy Records Management 100

eSecurity Planet

FEBRUARY 16, 2021

Attackers can fool even sophisticated users into clicking on an invoice they are expecting, or a photograph that is ostensibly from someone they know, or a document that appears to have come from their boss. Below we outline 18 industry tips for actions you can take to reduce your risk of a ransomware attack: Action. Description.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

Data Matters

AUGUST 5, 2019

Furthermore, although entities that already comply with the breach notification requirements under certain state or federal laws (such as the Health Insurance Portability and Accountability Act (HIPAA), the New York Department of Financial Services cybersecurity regulations (23 N.Y.C.R.R.

Cybersecurity 68

Cybersecurity Data breaches Privacy Risk 68

IBM Big Data Hub

APRIL 18, 2024

Here are some areas where organizations are seeing a ROI: Text (83%) : Gen AI assists with automating tasks like report writing, document summarization and marketing copy generation. Image (55%): Gen AI can simulate how a product might look in a customer’s home or reconstruct an accident scene to assess insurance claims and liability.

Artificial Intelligence 96

Artificial Intelligence Marketing e-Delivery Manufacturing 96

HL Chronicle of Data Protection

MARCH 14, 2019

It must also address the goals of the plan, internal processes for responding to a security event, and documentation and reporting regarding security events and related incident response activities. Periodic risk assessments. The Safeguards Rule allows FIs to take a risk-based approach to developing its ISP.

Privacy 40

Privacy Risk Cybersecurity Information Security 40

Data Matters

DECEMBER 28, 2020

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. NAIC Adopts the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act. Insurance groups will be exempt from filing a GCC if.

Insurance 68

Insurance Paper Risk Analytics 68

Collibra

MARCH 11, 2021

Here is an example of how an insurance company working with Collibra set up its operating model: The insurance company is cross-functional, frequently requiring collaboration among different lines of business, such as finance, sales, marketing and IT. Decentralized or federated (there are multiple groups of authority).

Government 59

Government Communications Insurance Customer Experience 59

Hunton Privacy

NOVEMBER 10, 2016

Telecommunication and technology companies were the most represented respondents, followed by insurance and financial services companies, as well as pharmaceutical and healthcare companies. and less than half operate in South America and Asia.

GDPR 45

GDPR Data Privacy Compliance Privacy 45

Adam Levin

NOVEMBER 17, 2020

To mitigate risk, avoid non-bank ATMs, particularly if they’re outside or in areas with little foot traffic, and scan all machines for signs of tampering. Shred financial documents. Leave cash, your checkbook and your Social Security card at home (in a secure location, of course). Use ATMS carefully.

Retail 97

Retail e-Delivery Passwords Phishing 97

Collibra

APRIL 11, 2022

Here is an example of how an insurance company working with Collibra set up its operating model: The insurance company is cross-functional, frequently requiring collaboration among different lines of business, such as finance, sales, marketing and IT. Decentralized or federated (there are multiple groups of authority).

Government 52

Government Communications Insurance Customer Experience 52

Data Matters

APRIL 23, 2018

A high-profile cyber incident may cause substantial financial and reputational losses to an organization, including the disruption of corporate business processes, destruction or theft of critical data assets, loss of goodwill, and shareholder and consumer litigation. Aligning cyber risk with corporate strategy.

Cybersecurity 60

Cybersecurity Risk Passwords Authentication 60

Data Matters

AUGUST 17, 2021

On August 11, 2021, the Federal Financial Institutions Examination Council (FFIEC)1 issued guidance establishing risk management principles and practices to support the authentication of users accessing a financial institution’s information systems and customers accessing a financial institution’s digital banking services (the Guidance).

Authentication 88

Authentication Access Risk Financial Services 88

IT Governance

DECEMBER 11, 2023

BianLian claims to have exfiltrated 5 TB of data, comprising millions of sensitive documents. Compromised information includes patients’ personal data, health and medical records, financial data, internal emails and software source code. Incorporated Source (Update) Insurance USA Yes 7,361 Advantis Global, Inc. Akumin Inc.

Data Privacy 101

Data Privacy Energy and Utilities Privacy Manufacturing 101

Info Source

MARCH 20, 2019

Kofax is the only vendor that delivers a broad set of AI with RPA to meet enterprise automation ambitions including cognitive document automation. Cognitive Document Automation. It’s an unfortunate reality that on average 62% of organizational data that must be managed is unstructured information such as documents.

Digital transformation 56

Digital transformation Unstructured data Compliance Financial Services 56