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 84

Insurance Risk Cybersecurity Ransomware 84

IBM Big Data Hub

JUNE 26, 2018

In this Q&A, IBM financial services solution architect Irina Saburova discusses an insurance use case with IBM Data Science Marketing Lead Rosie Pongracz.

Data science 79

Data science Insurance Financial Services Marketing 79

Thales Cloud Protection & Licensing

OCTOBER 5, 2022

Global October Cybersecurity Events: Where You Can Find Thales. The summer is now over, and October is a month full of cybersecurity events for Thales around the world. Below are just some of the events Thales will be at over the next few weeks. Les Assises turns 22 this year, and the event motto is "In 2022, We Speed Up!"

Cybersecurity 87

Cybersecurity Cloud Digital transformation Sales 87

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

Insurance 78

Insurance Authentication Risk Ransomware 78

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

OpenText Information Management

NOVEMBER 22, 2023

We’ve experienced economic, geopolitical, technological, and societal challenges over recent months with the ongoing cost-of-living crisis, high interest rates, inflation, global conflicts, catastrophic weather events, the rise in artificial intelligence such as ChatGPT, to name only a few.

Financial Services 58

Financial Services Artificial Intelligence Customer Experience Content services 58

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

Data Matters

JANUARY 14, 2019

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”.

Insurance 68

Insurance Security Cybersecurity Data breaches 68

Data Matters

FEBRUARY 11, 2019

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. 6491 (Act). MCL § 500.550.

Insurance 68

Insurance Security Cybersecurity FOIA 68

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. sought coverage for expenses under its property insurance policy.

Insurance 70

Insurance Cybersecurity Risk Education 70

Schneier on Security

APRIL 12, 2018

Good article about how difficult it is to insure an organization against Internet attacks, and how expensive the insurance is. In my new book -- out in September -- I write: There are challenges to creating these new insurance products. There are two basic models for insurance.

Insurance 49

Insurance Cybersecurity Data breaches Retail 49

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. Be adaptive with weather protection Protect your assets and ensure business continuity throughout a severe weather event—before, during and after.

Energy and Utilities 94

Energy and Utilities Insurance Risk Retail 94

Security Affairs

FEBRUARY 12, 2024

” said Canadian Industry Minister François-Philippe Champagne. This includes substantial costs for insurers, reaching an estimated $542 million annually, to repair or replace stolen vehicles. We’re not aware of any events like this and frankly speaking not sure what was the reason for this discussion to begin with.”

Sales 103

Sales Government Insurance IT 103

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

AIIM

SEPTEMBER 19, 2018

For over 10 years now, AIIM's Leadership Council (LC) summit series has been the go-to event where the forward-thinking professionals in information management gather to delve into matters impacting the future of the industry. Rafael is the Head of Information Governance at Farmer's Insurance and spoke at the summit.

Insurance 90

Insurance Libraries Information governance Government 90

Krebs on Security

DECEMBER 8, 2022

The intercepted CLOP communication seen by KrebsOnSecurity shows the group bragged about twice having success infiltrating new victims in the healthcare industry by sending them infected files disguised as ultrasound images or other medical documents for a patient seeking a remote consultation. ”

Ransomware 262

Ransomware Metadata Insurance Encryption 262

Data Matters

FEBRUARY 25, 2022

DPFS will be relevant to all those in financial services, including those in the banking, insurance, fintech, funds, payments, private equity, securities, wealth management, and other financial sectors. Hear from industry speakers on: How the latest privacy and cybersecurity developments in Europe and the U.S.

Financial Services 103

Financial Services Privacy Data Privacy Cybersecurity 103

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

IBM Big Data Hub

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more.

Cloud 79

Cloud Financial Services Risk Business Services 79

CGI

FEBRUARY 28, 2017

Insurers’ digital focus is looking through the wrong ‘lens’. Read any article on digital insurance and it seems to me that it is all about the insurers! This again causes consumer dissatisfaction with the industry as a whole and drives unwanted consumer behaviours at the point of claim. harini.kottees…. Add new comment.

Insurance 40

Insurance Big data IoT Manufacturing 40

Reltio

FEBRUARY 22, 2024

Last year represented a watershed moment for us, with major new product launches, high-profile industry recognition, and increased growth in new customers. Product and AI Innovation Last year was marked by our continued success in rapidly delivering tailored solutions to customers across industries. As measured by revenue, as of 2024.

Customer Experience 52

Customer Experience MDM Healthcare Digital transformation 52

IBM Big Data Hub

FEBRUARY 14, 2024

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.

Artificial Intelligence 87

Artificial Intelligence Retail Unstructured data Insurance 87

Thales Cloud Protection & Licensing

APRIL 11, 2023

There are a number of startups emerging in this space, which is a sign of a healthy pipeline of innovation in the industry. Still, interestingly, it has also rekindled interest in dynamic authorization (or externalized authorization) – something the industry has been discussing for well over a decade. Is this all coincidental?

B2C 87

B2C B2B Retail Insurance 87

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 94

Insurance Government Cybersecurity Risk 94

Adam Levin

JUNE 4, 2021

Upon publication of this article, the Exagrid website still touted seven industry awards for work in the area of ransomware recovery solution, but this attack will harm its reputation, proving once again that no one is immune from the scourge of a well-targeted attack. The post Anti-Ransomware Company Exagrid Pays $2.6

Ransomware 115

Ransomware Insurance Education Risk 115

IBM Big Data Hub

FEBRUARY 15, 2024

degrees Celsius warmer than pre-industrial levels. Illnesses and fatalities: Rising global temperatures foster conditions for infectious diseases to spread, and extreme weather events cause tragic loss of life as well as illnesses.

Artificial Intelligence 65

Artificial Intelligence Insurance Risk Government 65

Security Affairs

JANUARY 6, 2019

The Dark Overlord hacking group claims to have stolen a huge trove of documents from the British insurance company Hiscox, Hackers stole “hundreds of thousands of documents,” including tens of thousands files related to the 9/11 terrorist attacks. “What’s the takeaway? .”

Insurance 111

Insurance Data breaches Sales Government 111

Info Source

OCTOBER 21, 2022

Usually when I attend a conference, I produce a recap of the event, but this time I’ve chosen not to. For me, Capture Conference’s value lies in its in-person engagement, in being there and rubbing shoulders with others in the industry. The event is intended to be intimate. The Cloud Capture Conundrum with Jeff Willinger.

Digital transformation 52

Digital transformation Insurance Marketing Cloud 52

Data Protection Report

NOVEMBER 9, 2022

As a first line of defence, the best way to mitigate against vendor breaches is to make sure the vendor is contractually required to maintain strong information security practices and policies that are in line with legal and industry-specific standards. Data breach notification. Concluding Remarks.

Risk 117

Risk Cybersecurity Insurance Data breaches 117

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

IBM Big Data Hub

OCTOBER 30, 2023

A leading insurance player in Japan leverages this technology to infuse AI into their operations. Real-time analytics on customer data — made possible by DB2’s high-speed processing on AWS — allows the company to offer personalized insurance packages.

Analytics 84

Analytics Retail Cloud Insurance 84

IBM Big Data Hub

SEPTEMBER 11, 2023

These offerings focus on data management, AI development, and seamless integration, enhancing the capabilities of organizations across various industries. One notable example is a prominent Japanese insurance company that leveraged Db2 PureScale on AWS. Watsonx.data on AWS: Imagine having the power of data at your fingertips.

Customer Experience 113

Customer Experience Cloud Data migration Digital transformation 113

HL Chronicle of Data Protection

FEBRUARY 25, 2020

It applies to any “Covered Entity,” which is defined broadly to include “any Person operating under or required to operate under a license, registration, charter, certificate, permit, accreditation or similar authorization under the Banking Law, the Insurance Law or the Financial Services Law.”

Cybersecurity 104

Cybersecurity Financial Services Data breaches Insurance 104

IBM Big Data Hub

JANUARY 18, 2024

Industry benefits Chatbots can benefit from any industry but there are a few standout use cases. Banking and financial services In a transactional industry, AI-powered chatbots can deliver fast and accurate answers , eliminate waiting times, streamline web searches for information and facilitate meaningful customer interactions.

Sales 94

Sales Artificial Intelligence Communications Marketing 94

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 3, 2023

The objective also discusses the importance of cloud security services and says the government will “identify gaps in authorities to drive better cybersecurity practices in the cloud computing industry and for other essential third-party services, and work with industry, Congress and regulators to close them.”

Cybersecurity 129

Cybersecurity Government Manufacturing Personal data 129

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 73

Risk Compliance Insurance IT 73