eSecurity Planet

OCTOBER 18, 2021

The legal complaint [PDF] notes that on July 9, 2019, the day it was hit by a ransomware attack, Springhill Memorial Hospital contended that the event had “not affected patient care.” ” Cyber Insurance No Longer Reliable. Also read: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs. .

Ransomware 103

Ransomware Insurance Digital transformation Cybersecurity 103

IBM Big Data Hub

FEBRUARY 14, 2024

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

Artificial Intelligence 88

Artificial Intelligence Retail Unstructured data Insurance 88

eSecurity Planet

JUNE 16, 2022

Cyberattacks are on the rise, with cyber criminal trends and techniques becoming increasingly sophisticated and creative. Ransomware is the fastest-growing trend. Capital markets, insurance, financial services, and banking are now online. Security information and event management (SIEM). Ransomware. Other methods.

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Ransomware Cybersecurity Phishing Encryption 145

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 86

Analytics Retail Cloud Insurance 86

Thales Cloud Protection & Licensing

APRIL 18, 2023

Live Sessions With this in mind, we have scheduled a host of events and tech talks around our participation at RSA Conference 2023. According to the latest 2023 Thales Data Threat Report , 62% of respondents indicate that trends like “harvest now, decrypt later” is their most significant security concern regarding quantum computing.

Security 71

Security Digital transformation Privacy Cybersecurity 71

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.

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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

eDiscovery Daily

FEBRUARY 11, 2019

The companies audited were from industries ranging from online retail to sports to banking & insurance to media, even automotive & electronics and home and residential. As the article notes, it may be that none of the websites integrated a cookie-blocking function prior to ‘consent events’ being logged.

Privacy 46

Privacy Data Privacy GDPR Compliance 46

Information Governance Perspectives

MARCH 10, 2020

I’m Rafael Moscatel, I’m an AIIM member, and I’ve had the distinct pleasure of attending several of its thought leadership events over the past few years and had the opportunity to meet and become friends with many of you. For a film studio, that’s producing content, and entertaining your audience.

Insurance 52

Insurance Blockchain Privacy Big data 52

IBM Big Data Hub

FEBRUARY 23, 2024

Predictive analytics integrates with NLP, ML and DL to enhance decision-making capabilities, extract insights, and use historical data to forecast future behavior, preferences and trends. ML and DL lie at the core of predictive analytics, enabling models to learn from data, identify patterns and make predictions about future events.

Analytics 106

Analytics Artificial Intelligence Marketing Education 106

Hunton Privacy

JUNE 30, 2017

The company’s investigation determined that attackers were able to access 500,000 patients’ names, addresses, birth dates, telephone numbers, medical diagnosis and treatments, and health insurance policy numbers. As the events of the past two months have shown, ransomware is a growing concern.

Data breaches 56

Data breaches Ransomware Insurance Access 56

DLA Piper Privacy Matters

FEBRUARY 7, 2019

Here is our take on the underlying law and the recent trends. GDPR creates many open legal questions and the ability to recover fines and compensation awards from a contract counter-party or insurer are good examples. Obligations – the source of liability.

GDPR 49

GDPR Risk Data breaches Personal data 49

eSecurity Planet

JULY 8, 2022

There are hardware elements such as having a redundant data center, where the enterprise can fail over during an event. In the event of ransomware, the enterprise needs to have access to an uncorrupted copy of its data, so it can refuse to submit to cyber criminals’ demands. DR trending toward increased data protection and resiliency.

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Ransomware Cloud Encryption Marketing 140

Hunton Privacy

MAY 16, 2017

And in some cases, a business’ inability to maintain its day-to-day operations during a ransomware attack could deny people critical access to services like health care in the event of an emergency.” In the event that ransomware results in a breach of covered information, litigation is another potential risk. Litigation.

Ransomware 61

Ransomware Insurance Access Information Security 61

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

Shoreline Records Management

SEPTEMBER 26, 2023

Furthermore, medical records are valuable for legal purposes, such as medical malpractice lawsuits, insurance claims, and disability applications. Death Records : In the unfortunate event of a patient’s death, medical records are generally retained for several years to address any potential legal matters or claims that may arise.

Paper 26

Paper Compliance Insurance Records Management 26

eSecurity Planet

FEBRUARY 16, 2021

In the event of a successful breach, your team must be ready to restore systems and data recovery. This visibility into attacks trending for your organization can help inform staff moving forward of what to expect. Trend Micro : Trend Micro RansomBuster. Rapid Response Testing. Sandbox Testing.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

eSecurity Planet

MARCH 3, 2023

” Another key element of the plan is for the government to act as a backstop for the insurance market in event of “catastrophic events.” “Software vendors will certainly argue that they will be required to raise their prices, eventually harming the end users and innocent consumers,” Kolochenko said.

Cybersecurity 119

Cybersecurity Government Manufacturing Personal data 119

eSecurity Planet

SEPTEMBER 14, 2022

Finance and insurance finished a close second at 22.4%. Finance and insurance companies were particularly vulnerable to the sort of phishing scams we’re talking about. According to the 2021 IBM Threat Force Intelligence Index , Manufacturing was the industry most likely to be attacked last year, comprising 23.2% Social Tactics.

Energy and Utilities 120

Energy and Utilities Phishing Blockchain Cybersecurity 120

IBM Big Data Hub

APRIL 18, 2024

A key trend is the adoption of multiple models in production. Image (55%): Gen AI can simulate how a product might look in a customer’s home or reconstruct an accident scene to assess insurance claims and liability. 46% of survey respondents in 2024 showed a preference for open source models.

Artificial Intelligence 90

Artificial Intelligence Marketing e-Delivery Manufacturing 90

Collibra

AUGUST 26, 2021

Anomaly detection, also called outlier analysis, is the process of identifying unusual patterns, rare events, atypical behaviors, or outliers of a dataset, which differ significantly from the rest of the data. They can leverage anomaly detection to identify the key trends ahead of time and be prepared. Anomaly detection settings.

Customer Experience 59

Customer Experience Analytics Cloud Insurance 59

Collibra

AUGUST 26, 2021

Anomaly detection, also called outlier analysis, is the process of identifying unusual patterns, rare events, atypical behaviors, or outliers of a dataset, which differ significantly from the rest of the data. They can leverage anomaly detection to identify the key trends ahead of time and be prepared. Anomaly detection settings.

Customer Experience 52

Customer Experience Analytics Cloud Insurance 52

CGI

MAY 26, 2016

examples, the trend of increasing regulation to mitigate cybersecurity risks can be found within other countries as well. Years of testing have afforded financial institutions a certain level of confidence that their staff would know how to react in the event of a disaster. Penetration testing. Controls testing. While these are U.S.

Cybersecurity 40

Cybersecurity Risk Financial Services Compliance 40

Info Source

SEPTEMBER 18, 2018

Case Management applications are in demand in top vertical markets including: Retail Banking, Insurance, and Healthcare. Intelligent Capture Technologies are affecting near real time, customer facing business applications. They have applicability in loan processing, supply chain tracking and Human Resources onboarding to name a few. .

Marketing 40

Marketing ECM Cloud Retail 40

HL Chronicle of Data Protection

MARCH 14, 2019

The Director of the FTC’s Bureau of Consumer Protection, Andrew Smith, stated that the “proposed changes are informed by the FTC’s almost 20 years of enforcement experience” and are designed to “keep up with marketplace trends and respond to technological developments.” Chief Information Security Officer (“CISO”).

Privacy 40

Privacy Risk Cybersecurity Information Security 40

eSecurity Planet

SEPTEMBER 10, 2021

In the event of a ransomware attack, an organization could lose access to part or all of its network data and systems, blocking further work. The technical process of restoring the network takes time, and the larger and more complex the backup or network, the longer it will take to recover. Extended Downtime Can Be Deadly.

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Ransomware Encryption Cybersecurity Access 118

eSecurity Planet

MARCH 18, 2022

Still, an approved IT policy provides some insurance against the IT team becoming the scapegoat. Written policies do not need to be formal, but keep in mind that in the event of a breach, these policies may be used as exhibits in court. After a breach, some policies and security may be found insufficient and require changes.

IT 122

IT Compliance Security Access 122

DLA Piper Privacy Matters

DECEMBER 7, 2017

The “Google You Owe Us” website indicates that the claimant has however arranged for the third party funder to take out After the Event Insurance so that the insurer pays the winning side’s costs in such circumstances. Various Claimants v Wm Morrisons Supermarket PLC [2017] 3113.

Risk 40

Risk Privacy GDPR Data breaches 40

Collibra

SEPTEMBER 9, 2022

But there can be short durations when their data is not reliable or not ready (especially during events like M&A, reorganizations, infrastructure upgrades and migrations). Any column, schema or cell value that suddenly breaks its past trend. Data-driven companies rely on data to power their decisions and operations. Description.

Analytics 105

Analytics Customer Experience Marketing Unstructured data 105

KnowBe4

APRIL 25, 2023

They planned a party, coordinated the event, and attended the party within the sim. link] [Head Scratcher] More Companies With Cyber Insurance Are Hit by Ransomware Than Those Without? Cyber insurance should be seen as an absolute last resort and should not be seen as a sure thing (in terms of a claim payout).

Insurance 78

Insurance Security awareness Phishing Ransomware 78

Data Matters

FEBRUARY 10, 2022

6 Companies should familiarize themselves with the SEC’s view of best practices and trends of industry failures when considering programmatic risk assessments and project prioritization. 9 See In the Matter of Certain Cybersecurity-Related Events (HO-14225) FAQs , SEC (June 25, 2021), [link]. 20, 2021), [link].

Cybersecurity 88

Cybersecurity Marketing Risk Compliance 88

The Security Ledger

OCTOBER 23, 2018

In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat. Read the whole entry. »

Insurance 40

Insurance Risk Digital transformation Ransomware 40

Data Matters

JANUARY 2, 2018

We expect each of these trends to continue in 2018. In any event, betting against federal data breach legislation has been the right call every year since California adopted the first state notification law in 2003. As we begin this New Year, here is list of the top 10 privacy and cybersecurity issues for 2018: EU GDPR.

Cybersecurity 68

Cybersecurity Privacy Data breaches GDPR 68

The Last Watchdog

DECEMBER 3, 2018

Office of Personnel Management , I’ve had insurance coverage from Premera Blue Cross and I’ve stayed at the Marriott Marquis in San Francisco. This may be an emerging trend with hacking organizations, to target large pools of passport data. Related: Uber hack shows DevOps risk. Bimal Gandhi, Chief Executive Officer, Uniken : .

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Authentication Military Access Insurance 158

eSecurity Planet

OCTOBER 21, 2021

Looking at the 50 largest multi-party breaches in recent years, the organization found that the median number of organizations impacted by these security events – dubbed “tsunamis” – was 31, though as many as 800 such secondary victims were caught up in the attacks. Collateral Damage. See also: Best Ransomware Removal and Recovery Services.

Security 122

Security Ransomware Risk Cybersecurity 122

Rocket Software

JUNE 11, 2019

Here in Boston, Rocket Software is enjoying our sixth, and biggest Rocket.Build hackathon event. In finance, predictive analytics manifests as forecasting and economic trend analyses, predicting losses and gains, and future costs. And by nearly all counts, the winner is clear: data has won.

Insurance 42

Insurance Analytics IT 42

eDiscovery Daily

JUNE 6, 2018

health care, incorrect information can creep in when patient data gets re-entered multiple times by doctors’ offices, insurers and hospital staff. For healthcare records systems, this can put patients, insurers, and providers literally on the same page, providing secure and accurate information for all stakeholders across the board.

Blockchain 31

Blockchain Insurance Education Encryption 31