Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. The events of the past two years have made this shift clear: from ransomware attacks to the challenges of managing distributed workforces, digital risk is different. When security fails, cyber insurance can become crucial for ensuring continuity.

Insurance 87

Insurance Risk Cybersecurity Ransomware 87

Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. In the last 20+ years, cybersecurity insurance has added risk transference to the available palette of palliative choices. I recently spoke with Neira Jones and Danna Bethlehem about how cybersecurity insurance can work to help an organization. regulations.

Insurance 71

Insurance Cybersecurity Cleanup Ransomware 71

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.

Insurance 70

Insurance Cybersecurity Risk Education 70

IBM Big Data Hub

NOVEMBER 30, 2023

Extreme weather events not only threaten infrastructure but also obstruct routes, hindering goods transportation and disrupting supply chains even in regions far from the affected area. In retail, for example, use future flood risk predictions to inform store location planning, raw material procurement, and inventory supply chain logistics.

Energy and Utilities 96

Energy and Utilities Insurance Risk Retail 96

eSecurity Planet

APRIL 29, 2024

For example, a clothing brand might select a business objective such as to develop unique and appealing designs. In the examples above, the clothing brand will use traditional and computer-aided design prototyping and marketing research. What objectives deliver maximum value to shareholders?

Risk 67

Risk Compliance Communications Insurance 67

Data Matters

FEBRUARY 20, 2019

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance. Unlawful Discrimination.

Insurance 68

Insurance Financial Services Compliance Retail 68

IBM Big Data Hub

MARCH 27, 2024

Climate change causes extreme weather events across the world that endanger people’s lives and disrupt the businesses on which they depend. In Africa, for example, recurring droughts, floods and cyclones due to climate change might cause crop failures and food insecurity.

Risk 68

Risk Artificial Intelligence Agriculture Financial Services 68

The Last Watchdog

APRIL 8, 2024

Related: The ‘cyber’ case for D&O insurance Vanessa Pegueros knows this all too well. For example, with the SEC Cybersecurity Rules , Boards are now much more aware of the importance of cyber and are having more robust conversations relative to cybersecurity. Compliance brings visibility to a topic.

Compliance 210

Compliance Cybersecurity Risk Mining 210

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

DLA Piper Privacy Matters

MAY 17, 2018

The guide reviews the insurability of GDPR fines across Europe, which can reach up to €20 million or, if higher, up to 4% of a group’s annual global turnover. It also looks at insurability of costs associated with GDPR non-compliance (e.g. Criminal penalties are almost never insurable.

Insurance 45

Insurance GDPR Data breaches Personal data 45

CGI

JANUARY 10, 2018

Envisioning new and hidden realities with data and augmented reality—a digital “twin city” example. For example, a supermarket that makes home grocery deliveries has empty vehicles returning from those deliveries. Take a modern film, for example. Wed, 01/10/2018 - 15:25. Using data to create new value chains.

Mining 78

Mining Big data Access Insurance 78

Hunton Privacy

OCTOBER 14, 2014

The incident raises some issues for cyber insurance. That the incident occurred over several months suggests that trigger dates for cyber insurance be examined. The reported attack is an example of why certain policyholders should look for policies that cover system intrusions occurring over significant periods of time.

Insurance 40

Insurance Cybersecurity Manufacturing Information Security 40

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

Insurance 91

Insurance Government Cybersecurity Risk 91

eSecurity Planet

DECEMBER 9, 2021

An incident is an event that affects our scope of responsibility, and a response is how we deal with the incident. For IT managers, the scope might expand to encompass physical IT systems and events such as a flooded data center, a lost executive laptop, or squirrels chewing on network cables. Be in-line with insurance policies.

Insurance 125

Insurance Ransomware Data breaches Cloud 125

IBM Big Data Hub

FEBRUARY 14, 2024

For example, Amazon reminds customers to reorder their most often-purchased products, and shows them related products or suggestions. They can also help businesses predict future events and understand why past events occurred. A flood of applications can be screened, sorted and passed to HR team members with precision.

Artificial Intelligence 89

Artificial Intelligence Retail Unstructured data Insurance 89

Data Matters

SEPTEMBER 20, 2021

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

Insurance 88

Insurance e-Delivery Paper Sales 88

Thales Cloud Protection & Licensing

APRIL 11, 2023

Retail companies, for example, were forced to speed up their digital presence to avoid being totally disrupted. Retail companies, insurance companies, restaurants, and banks, to name a few, and even public sector organizations serving consumers or citizens were forced to adapt. No-contact curbside pick-ups became a necessity.

B2C 87

B2C B2B Retail Insurance 87

IT Governance

FEBRUARY 22, 2022

By managing risks, organisations gain a comprehensive understanding of the specific ways that they could suffer data breaches and other disruptive events, and the steps they can take to protect themselves. For example, organisations that implement an ISMS will: Reduce information security costs.

Information Security 138

Information Security Security Data breaches Risk 138

Data Protection Report

NOVEMBER 9, 2022

Examples of sensitive information that attract more stringent security safeguards include financial information, health information, reputationally sensitive information, social insurance numbers, trade secrets and confidential commercial information. Data breach notification. Concluding Remarks.

Risk 117

Risk Cybersecurity Insurance Data breaches 117

Krebs on Security

MARCH 3, 2020

Last week, KrebsOnSecurity reported to health insurance provider Blue Shield of California that its Web site was flagged by multiple security products as serving malicious content. How did a browser extension lead to a malicious link being added to the health insurance company Web site?

Insurance 279

Insurance File names Risk Marketing 279

The Last Watchdog

MAY 10, 2021

Back in the mid-1990s, big banks and insurance companies came up with something called “bespoke assessments” as the approach for assessing third party vendor risk. It is an example of a highly-sophisticated, nation state-sponsored hack of a third-party supplier in order to infiltrate its marquee first-party customers. Visibility boost.

Risk 195

Risk Insurance Access Security 195

DLA Piper Privacy Matters

FEBRUARY 28, 2022

The following considerations should help to harden your organisation’s posture and reduce the impact of a cyber event: Review and share your Incident Response Plan, Crisis Management Plan and Business Continuity and DR plans with key team members and make sure they address all current threats. Check your cyber insurance policy.

Passwords 98

Passwords Phishing Risk Access 98

IBM Big Data Hub

DECEMBER 8, 2023

The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events. Contingency plans should be in place if something drastic changes or risk events occur.

Risk 74

Risk Compliance Insurance IT 74

Thales Cloud Protection & Licensing

NOVEMBER 15, 2023

These operational workflows include managing events across the identity lifecycle, access reviews to maintain regulatory compliance, background checks by government officials, and ad-hoc temporary access requests. Enforce, sustain, and prove compliance with increasing regulatory and cyber insurance requirements.

Cybersecurity 87

Cybersecurity Authentication Access Compliance 87

IBM Big Data Hub

SEPTEMBER 11, 2023

One notable example is a prominent Japanese insurance company that leveraged Db2 PureScale on AWS. Join IBM and AWS experts at IBM TechXchange Conference 2023 , the premier learning event for developers, engineers, and IT practitioners. Visit the IBM watsonx.data software-as-a-service (SaaS) listing in AWS Marketplace.

Customer Experience 114

Customer Experience Cloud Data migration Digital transformation 114

IT Governance

JUNE 15, 2022

Attackers can guess these details if they know the victim personally or if they’re able to find the information online (for example, by searching for them on a social media site). This ensures that, in the event of a ransomware attack, the organisation can restore its information without having to deal with criminal hackers.

Risk 144

Risk Security Passwords Phishing 144

IT Governance

NOVEMBER 7, 2018

All organisations experience disruptions, whether that’s from a cyber attack, IT failure, weather event or something else, and they need to be prepared. Disaster recovery is effectively a form of insurance; you are spending money preparing for a scenario that you hope never occurs. Why you need a disaster recovery plan. Test the plan.

Insurance 113

Insurance Risk Data breaches Government 113

Data Matters

SEPTEMBER 3, 2020

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. NAIC Considers Comments to the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act . GCC Template and Instructions.

Insurance 68

Insurance Paper Artificial Intelligence Big data 68

Data Matters

DECEMBER 10, 2019

This post summarizes the practical measures that may be adopted to protect your firm against cyberattacks and the keys to successful crisis management in the event that an unauthorized data breach occurs. Insurance: The firm should communicate with its insurance company and review policy coverage. Crisis Management.

Data breaches 60

Data breaches Insurance Authentication Risk 60

Data Matters

DECEMBER 10, 2019

This post summarizes the practical measures that may be adopted to protect your firm against cyberattacks and the keys to successful crisis management in the event that an unauthorized data breach occurs. Insurance: The firm should communicate with its insurance company and review policy coverage. Crisis Management.

Data breaches 60

Data breaches Insurance Authentication Risk 60

Adam Levin

JUNE 30, 2020

While there’s no shortage of examples of ransomware attacks, a recent study by data protection firm Veritas suggests an even bigger problem that few, if any, companies are prepared for: Customers are increasingly laying the blame on companies, specifically their CEOs, rather than on the hackers perpetrating the attacks.

Ransomware 74

Ransomware Insurance Cybersecurity Manufacturing 74

IBM Big Data Hub

APRIL 10, 2024

For example, the cost of the technical debt in US was $1.52 Liberty InstantOn is also ideal for serverless, event-driven application architectures, enabling rapid scaling up and down —based on demand. In a survey , 41% of the respondents selected ‘Reducing Tech debt/Upgrading Legacy Systems’ as the top priority.

Cloud 98

Cloud Marketing Customer Experience Risk 98

AIIM

JULY 24, 2018

For example, under GDPR data subjects and/or regulators may now pursue direct remedies against data processors in the event of infringement of obligations, whereas such remedies did not exist under the prior data privacy regulation.

GDPR 83

GDPR Compliance Privacy Data Privacy 83

IT Governance

JULY 11, 2019

You can avoid this by teaching staff about ransomware and establishing a line of communication in the event of security incidents. For example, you should provide them with said pens and paper, direct them to hard copies of information they might need and bring in colleagues who can’t work to help out. Photograph the ransom note.

Ransomware 99

Ransomware Insurance Encryption Paper 99

IBM Big Data Hub

JANUARY 22, 2024

The good news is that in the event of a ransomware attack, there are basic steps any organization can follow to help contain the attack, protect sensitive information, and ensure business continuity by minimizing downtime. Notify the security team Once you’ve disconnected the affected systems, notify your IT security team of the attack.

Ransomware 115

Ransomware Encryption Analytics Data breaches 115

erwin

APRIL 11, 2019

Some industries, such as healthcare and financial services, have been subject to stringent data regulations for years: GDPR now joins the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry Data Security Standard (PCI DSS) and the Basel Committee on Banking Supervision (BCBS).

GDPR 100

GDPR e-Discovery Compliance Metadata 100

eSecurity Planet

MARCH 18, 2022

For example, an Access Policy could have clearly labeled sections to define Password Policy , User Access , Privileged Access , Access Review Processes, and Remote Access because each of these access categories may be required to be reviewed by an auditor. Start Writing. Every organization can easily create written policies.

IT 123

IT Compliance Security Access 123