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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. Insurers should: Establish a Formal Cyber Insurance Risk Strategy.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

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.

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The most valuable AI use cases for business

IBM Big Data Hub

They can also help businesses predict future events and understand why past events occurred. By infusing AI into IT operations , companies can harness the considerable power of NLP, big data, and ML models to automate and streamline operational workflows, and monitor event correlation and causality determination.

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Unlocking the power of chatbots: Key benefits for businesses and customers

IBM Big Data Hub

Instead of forcing the customer to communicate in your home language, enterprise-grade chatbots can support multiple languages and can even make an educated guess based on the initial input, whether it’s in chat, text or voice. Offer self-service options Customers often prefer to complete simple tasks independently.

Sales 96
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The Third Modern Data Management Summit: Making Data Work!

Reltio

The event consisted of over 40 sessions and panels featured more than 60 speakers across industries. Speakers represented life sciences, healthcare, manufacturing, retail, consumer goods, financial services, consulting services, and hi-tech. Reltio was the Diamond sponsor and host of the event.

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What is a Cyberattack? Types and Defenses

eSecurity Planet

Capital markets, insurance, financial services, and banking are now online. Security information and event management (SIEM). Educating and training employees is a must-do in modern endpoint security. Other methods. This presents a unique opportunity for cyber criminals. Endpoint detection and response (EDR).

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Conversational AI use cases for enterprises

IBM Big Data Hub

ML and DL lie at the core of predictive analytics, enabling models to learn from data, identify patterns and make predictions about future events. Conversational AI is also making significant strides in other industries such as education, insurance and travel.

Analytics 106