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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

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
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The Week in Cyber Security and Data Privacy: 12 – 18 February 2024

IT Governance

Source New Manufacturing USA Yes 20,415 TECA Srl Source New Transport Italy Yes 16.7 Source New Manufacturing USA Yes 20,415 TECA Srl Source New Transport Italy Yes 16.7 Welfare Benefits Plan Source 1 ; source 2 New Healthcare USA Yes 13,079 Insurance ACE/Humana Inc. GB AGC Flat Glass North America, Inc.

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The Week in Cyber Security and Data Privacy: 5 – 11 February 2024

IT Governance

Compromised data includes policyholders’ and their families’ civil status, dates of birth and social security numbers, as well as the name of their health insurer and information relating to their contracts. TB JP Original Corp Source New Manufacturing USA Yes 1.2 TB JP Original Corp Source New Manufacturing USA Yes 1.2

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Ransomware infected systems at Xchanging, a DXC subsidiary

Security Affairs

Xchanging is a business process and technology services provider and integrator, which provides technology-enabled business services to the commercial insurance industry. Xchanging is primarily an insurance managed services business that operates on a standalone basis.”

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The most valuable AI use cases for business

IBM Big Data Hub

In industrial settings, narrow AI can perform routine, repetitive tasks involving materials handling, assembly and quality inspections. Industry AI use cases AI can power tasks and tools for almost any industry to boost efficiency and productivity. Gear up robotics AI is not just about asking for a haiku written by a cat.

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NEW TECH: DataLocker introduces encrypted flash drive — with key pad

The Last Watchdog

A chance meeting – in an elevator, no less – led to Kim veering over to the cybersecurity industry. DataLocker honed its patented approach to manufacturing encrypted portable drives and landed some key military and government clients early on; the company has continued branching out ever since. LW: What’s the market for this?

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Multinational ICICI Bank leaks passports and credit card numbers

Security Affairs

ICICI Bank’s response Threat to financial accounts Finance and insurance are one of the most targeted industries by cybercriminals. Last year, with a total share of 18% of all cyberattacks, it was the second most targeted industry, following manufacturing.