Why consumer education is needed in the digital insurance age

DXC

For the insurance sector, this has brought forth both new market opportunities and new market confusion. The insurance sector has leveraged digital for new ways of working, and that has proven to be especially valuable in light of […]. Insurance digital insurance

Cyber Insurance: Higher Premiums, Limited Coverage

Data Breach Today

GAO Report Summarizes Market Trends The increasing number of cyberthreats, especially ransomware attacks, is leading some cyber insurers to raise premiums and limit some coverage in hard-hit sectors, such as healthcare and education, according to a report from the Government Accountability Office

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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage. Cyber Insurance is Booming. Selecting a Cyber Insurer.

Resilience CEO on White House Meeting, Cyber Insurance

Data Breach Today

25, President Joe Biden invited about 25 technology, insurance, finance and education executives to the White House to discuss pressing cybersecurity issues such as supply chain and critical infrastructure. Vishaal Hariprasad Also Address How Ransomware Is Changing Security On Aug.

Mainframes, Freight Trains and Education Pains

Rocket Software

Programmers should influence our educational institutions. You’re tapping into the vein of what those forward-thinking educators want. The post Mainframes, Freight Trains and Education Pains appeared first on The Rocket Software Blog. By David Robertson , guest blogger.

K12 education giant paid the ransom to the Ryuk gang

Security Affairs

Online education giant K12 Inc. The education company Online education giant K12 Inc. is a for-profit education company that sells online schooling and curricula. The post K12 education giant paid the ransom to the Ryuk gang appeared first on Security Affairs.

Delivering business value for insurance companies

Collibra

Recapping a discussion moderated by Stijn Christiaens and featuring insurance data experts from Deloitte UK . Insurance is a data-intensive business. Insurance companies need data to better assess risks and price policies competitively, but also profitably.

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. 2 (2021) regarding “Cyber Insurance Risk Framework” (the “Guidelines”), calling on insurers to take more stringent measures in underwriting cyber risks. sought coverage for expenses under its property insurance policy.

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

Data Matters

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. While acknowledging that “[e]ach insurer’s cyber insurance risk will vary based [on] many factors,” the Framework nonetheless describes seven practices that authorized property/casualty insurers should use to manage their cyber insurance risk. Manage and Eliminate Exposure to Silent Cyber Insurance Risk.

UnitedHealth Group invests $8.25M to aid data scientist education

Information Management Resources

The health insurer and the Atlanta University Center Consortium—the oldest and largest consortium of historically black colleges and universities—are partnering to help students become data analytics experts. Payer Edition Healthcare innovations Investments Continuing education Healthcare analytics Under-served populations UnitedHealthcare

Meeting Evolving Business Needs – A Conversation Between RIM Educators and Thought Leaders

Information Governance Perspectives

Hunter, Dr. Tao Jin, Dr. Patricia Franks, Rae Lynn Haliday, Cheryl Pederson, and Wendy McLain on the topic of Meeting Evolving Business Needs – A Conversation Between RIM Educators and Thought Leaders. And recruiters are looking for that education and experience.

How One Company Survived a Ransomware Attack Without Paying the Ransom

eSecurity Planet

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Also read: Top 8 Cyber Insurance Companies for 2022 Best Ransomware Removal and Recovery Services.

Cyber Insurance: Addressing Your Risks and Liabilities

Hunton Privacy

In a webinar, entitled Cyber Insurance: Addressing Your Risks and Liabilities , hosted by Hunton & Williams LLP and CT , Hunton & Williams partners Lon A. Sotto provide a background into the current cyber threats and educate companies and their counsel on how to take full advantage of their existing insurance programs and specialized cyber insurance products to effectively and proactively address cyber risks.

White House Tech Meeting: Focus On Critical Infrastructure

Data Breach Today

Department of Education and Department of Health and Human Services Release First Update to Joint Guidance on FERPA and HIPAA Since 2008

Hunton Privacy

Department of Education and the U.S. Department of Health and Human Services released joint guidance on the application of the Family Educational Rights and Privacy Act (“FERPA”) and the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”) Privacy Rule to student records. The 27-page document includes FAQs clarifying for schools, health care professionals and families how FERPA and HIPAA apply to student education and health records. The U.S.

Court Compels Non-Party Insurance Agents to Produce Text Messages in TCPA Case: eDiscovery Case Law

eDiscovery Daily

Farmers Insurance Exchange, No. Sippel granted the plaintiff’s motion to compel two non-party Farmers Insurance agents to comply with subpoenas and produce documents pertaining to text messages that they allegedly sent to potential customers, rejecting the agents’ argument that compliance with the subpoenas would violate their Fifth Amendment right against compelled, self-incriminating testimony. In Gould v. 4:17 CV 2305 RWS (E.D. 30, 2018) , Missouri District Judge Rodney W.

Cyber attacks hit a fifth of schools and colleges

IT Governance

One in five schools and colleges have fallen victim to cyber crime, according to research from the specialist insurer Ecclesiastical, yet the majority (74%) of educational establishments claim to be “fully prepared” to deal with such attacks. . Cyber Essentials Cyber Security Education cyber attacks Cyber essentials cyber essentials plus cyber security for schools e-learning education phishing e-learning schools

The Tragedy of the Data Commons

John Battelle's Searchblog

No, this post is about the business of health insurance. Last week ProPublica published a story titled Health Insurers Are Vacuuming Up Details About You — And It Could Raise Your Rates. It envisions “a future in which everything you do — the things you buy, the food you eat, the time you spend watching TV — may help determine how much you pay for health insurance.” So what does this have to do with healthcare, data, and the insurance industry?

Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

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 New York State Department of Financial Services recently amended its annuity suitability regulation to apply a “best interest” standard in connection with both life insurance and annuity transactions with consumers. Long-Term Care Insurance (EX) Task Force Organizes Six Work Streams Relevant to Its Charges .

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SEC warns of investment scams related to Hurricane Ida

Security Affairs

The US Securities and Exchange Commission (SEC)’s Office of Investor Education and Advocacy is warning investors of potential investment scams related to Hurricane Ida. Fraudsters also may target individuals receiving compensation from insurance companies.”

The Third Modern Data Management Summit: Making Data Work!

Reltio

Overall the event provided best in the industry networking opportunity and educational sessions that offered new ways for companies to think about their data in the new digital economy. Ankur Gupta, Sr. Product Marketing Manager, Reltio.

#ModernDataMasters: Henrik Liliendahl, Chairman & CTO, Product Data Lake

Reltio

I was educated in computer engineering but my first job was on the business side. Uncategorized B Compliance & GDPR B Consumer 360 B Customer 360 B Digital Transformation B Financial Services & Insurance B Healthcare B High-Tech & Manufacturing B IT B Business B Life Sciences B Machine Learning B Patient & Member 360 B Retail & CPGKate Tickner, Reltio.

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Anti-Ransomware Company Exagrid Pays $2.6 Million Ransom

Adam Levin

Practice the 3Ms: Minimize your risk of exposure: Don’t take unnecessary risks and invest in cyber defenses and education. Manage the damage: Plan ahead in the event of a successful cyberattack and have a cyber liability insurance plan to help offset the costs. .

Data Breach: Turkish legal advising company exposed over 15,000 clients

Security Affairs

Inova is an actuarial consultancy company, which means they compile statistical analysis and calculate insurance risks and premiums. Document sent to the insurance company by the victim’s lawyer.

Businesses Secretly Pentest Partners as Supply Chain Fears Grow

eSecurity Planet

Company reputation is not only of interest to current and potential customers, but it’s also important to market analysts, lenders, and insurance companies. Poor cybersecurity reports can impact analyst recommendations and raise costs for loans and cyber insurance ,” said Taylor.

ROUNDTABLE: What happened in privacy and cybersecurity in 2021 — and what’s coming in 2022

The Last Watchdog

As developers’ data protection education advances, and as more data leaks and privacy violations occur due to faulty internal systems, we will start to see a growing understanding that, just like cryptography, most people should not be building their own privacy technologies. In 2021, Lloyd’s of London adjusted their policies to not pay ransom costs anymore, likely because their actuaries told them it was irrational to insure against a problem we’re not very good at preventing.

Security Compliance & Data Privacy Regulations

eSecurity Planet

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).

Customer Tracking at Ralphs Grocery Store

Schneier on Security

To comply with California's new data privacy law, companies that collect information on consumers and users are forced to be more transparent about it. Sometimes the results are creepy.

Chronicle of a Records Manager: Controlling the Chaos of Disaster Response and Recovery

ARMA International

The plan was to meet the insurance coordinator at the Howard Avenue office at 8:30 a.m. I knew from previous education and training that documenting damage before moving or addressing anything was critical. The insurance coordinator proposed stabilizing in place.

List of data breaches and cyber attacks in April 2022 – 14.3 million records breached

IT Governance

Welcome to our latest monthly review of data breaches and cyber attacks. We discovered 80 security incidents in April, resulting in 14,329,78 compromised records. You can find the full list of data breaches below, with incidents affecting UK organisations listed in bold.

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.”

COUNTDOWN TO IBM THINK WITH IBM CHAMPION BOB BERSANO

Rocket Software

What it means to be an IBM Champion: I enjoy assisting and educating the IBM community on Db2 tools and how they can simplify common everyday work tasks. I love educating customers how important backup and recovery are to a business.

Business ID Theft Soars Amid COVID Closures

Krebs on Security

She shared with me a copy of the lease, which included a fraudulent ID and even a vehicle insurance card for a Land Cruiser we got rid of like 15 years ago.

Australia: Consumer Data Right pipeline to cast a wide net

DLA Piper Privacy Matters

These sectors include: insurance (both general and health insurance); groceries; loyalty schemes; non-bank lenders; superannuation; transport; government; health; education; and. Authors: Anthony Lloyd , Alex Horder. Background.

California Governor Signs into Law Bills Updating the CPRA and Bills Addressing the Privacy and Security of Genetic and Medical Data, Among Others

Hunton Privacy

Additional bills, amending the California Confidentiality of Medical Information Act (“CMIA”) and the California Insurance Code, also were also signed into law. Medical Data: CMIA and Californian Insurance Code Amendment Bill.

We Infiltrated a Counterfeit Check Ring! Now What?

Krebs on Security

Education is definitely one piece, as raising awareness is hands down the best way to get ahead of this,” Tokazowski said. Imagine waking up each morning knowing the identities of thousands of people who are about to be mugged for thousands of dollars each.

Global October Cybersecurity Events: Where You Can Find Thales

Thales Cloud Protection & Licensing

Along with celebrating Cyber Security Awareness Month, several exciting events are taking place across the world, aiming to educate people on the latest trends in cybersecurity and privacy. On 26 October , we co-host a workshop on cybersecurity insurance with Infinigate.

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List of data breaches and cyber attacks in May 2022 – 49.8 million records breached

IT Governance

Welcome to our May 2022 review of data breaches and cyber attacks. We identified 77 security incidents during the month, resulting in 49,782,129 compromised records. You can find the full list below, with incidents affecting UK organisations listed in bold.

[Podcast] The AIIM Conference – Then and Now

AIIM

Hear Riley McIntosh from Pacific Life Insurance and Alison Clarke from OpenText talk about how Pacific Life took their Records Management program and transformed it from a risk-based program to an information value-based program using process efficiencies and automation.

Nathaniel Cooper on Juneteenth and opportunities for impact

Collibra

In 2016, he made the move to Atlanta, Georgia, USA to work at an insurance agency owned by a family member. “I We must continue to educate ourselves and take action to advance racial equity. The son of Jamaican parents, Nathaniel Cooper was born and raised in New Jersey, USA.