Krebs on Security

AUGUST 14, 2020

The “RCM” portion of its name refers to “revenue cycle management,” an industry which tracks profits throughout the life cycle of each patient, including patient registration, insurance and benefit verification, medical treatment documentation, and bill preparation and collection from patients.

Ransomware 360

Ransomware Insurance Phishing IT 360

Collibra

APRIL 9, 2021

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. Drivers for cloud adoption.

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Insurance Cloud Data science Analytics 59

Krebs on Security

MAY 23, 2020

Secret Service warned of “massive fraud” against state unemployment insurance programs , noting that false filings from a well-organized Nigerian crime ring could end up costing the states and federal government hundreds of millions of dollars in losses. Meanwhile, a number of U.S. Last week, the U.S. ” Image: Agari.

Insurance 328

Insurance Government Personal data Communications 328

Krebs on Security

DECEMBER 18, 2018

Virtually all companies like to say they take their customers’ privacy and security seriously, make it a top priority, blah blah. That’s because very few of the world’s biggest companies list any security executives in their highest ranks. banks) would have this role in their executive leadership team.

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Security Marketing Cybersecurity Data breaches 215

Data Matters

SEPTEMBER 7, 2022

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.

Insurance 78

Insurance Paper Privacy Risk 78

Krebs on Security

JUNE 15, 2023

The directive comes amid a surge in attacks targeting previously unknown vulnerabilities in widely used security and networking appliances. Barracuda was alerted to the exploitation of a zero-day in its products in mid-May, and two days later the company pushed a security update to address the flaw in all affected devices.

Risk 206

Risk Ransomware Cybersecurity Access 206

eSecurity Planet

MARCH 18, 2022

Many security professionals think that if they have done the hard work of securing their organization, that should be enough. Even though drafting IT security policies can be a pain, formal policies provide a valuable resource to protect both the IT team and their organization. Written security policies.

IT 123

IT Compliance Security Access 123

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

Krebs on Security

AUGUST 17, 2023

Security experts investigating 16Shop found the service used an application programming interface (API) to manage its users, an innovation that allowed its proprietors to shut off access to customers who failed to pay a monthly fee, or for those attempting to copy or pirate the phishing kit. Image: Akamai.

Phishing 187

Phishing Passwords Insurance Sales 187

DLA Piper Privacy Matters

MAY 17, 2018

DLA Piper and Aon have launched a guide ‘ The price of data security ‘, ahead of the General Data Protection Regulation (GDPR), effective from 25 May 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.

Insurance 45

Insurance GDPR Data breaches Personal data 45

eSecurity Planet

OCTOBER 18, 2022

First, call the cyber insurance company that issued the organization’s cybersecurity policy. Most insurance companies require specific incident response vendors, procedures, and reporting that must be met to meet the standards to be insured. Insured companies often will not have options. The First Calls After an Attack.

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Ransomware Encryption Insurance Access 145

Krebs on Security

MARCH 5, 2024

healthcare giant Change Healthcare has made a $22 million extortion payment to the infamous BlackCat ransomware group (a.k.a. On March 1, a cryptocurrency address that security researchers had already mapped to BlackCat received a single transaction worth approximately $22 million. There are indications that U.S. Image: Varonis.

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Ransomware Insurance Government IT 331

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. Annuity Suitability Working Group Drafting FAQ Document to Facilitate Uniformity in State Adoption of Revised Suitability in Annuity Transactions Model Regulation.

Insurance 68

Insurance Paper Artificial Intelligence Big data 68

IT Governance

JANUARY 5, 2024

IT Governance’s research found the following for December 2023: 1,351 publicly disclosed security incidents. This month, we have found several ‘group’ incidents. Another noteworthy incident, a JavaScript web injection malware campaign affecting more than 40 organisations at once,* was uncovered by security researchers.

Data breaches 97

Data breaches Insurance Manufacturing Ransomware 97

CGI

MAY 27, 2016

Time and tide waits for no man – IoT in Insurance. This old saying could also be applied for what is happening in the insurance market with IoT and that given the drive behind IoT in both the consumer and business markets. For example, car insurance could be varied between theft and fully comprehensive when the Car is not being used.

Insurance 40

Insurance IoT Marketing Manufacturing 40

Security Affairs

JUNE 10, 2021

Threat hunting and adversarial cyber intelligence company Group-IB published a comprehensive analysis of fraud cases on a global scale. Group-IB also unveiled Scam Intelligence, a fraud-tracking technology that paved the way for DRP, the company’s proprietary solution. million in one year .

Phishing 101

Phishing Retail Insurance Risk 101

Security Affairs

FEBRUARY 15, 2019

Moscow police department operatives, with the participation of Group-IB experts, took down a group of phone scammers who for several years have been extorting money from the elderly. The money was used to purchase real estate, cars, collectors’ coins, jewellery and securities.

Insurance 85

Insurance Education Phishing Communications 85

Security Affairs

OCTOBER 24, 2021

Andrey Arsentiev, head of analytics and special projects at InfoWatch Group, believes that the the data could have been obtained by external attackers, for example, by exploiting a vulnerability in the system software. The post Threat actors offer for sale data for 50 millions of Moscow drivers appeared first on Security Affairs.

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Sales Insurance Analytics Authentication 103

Krebs on Security

JUNE 30, 2021

One fraud-fighting group is intercepting hundreds to thousands of these per day. For the past year, BWare has maintained contact with an insider from the criminal group that’s been sending daily lists of would-be victims who are to receive counterfeit checks printed using the real bank account information of legitimate companies.

Insurance 237

Insurance Education IT Government 237

Security Affairs

OCTOBER 22, 2022

US government agencies warned that the Daixin Team cybercrime group is actively targeting the U.S. CISA, the FBI, and the Department of Health and Human Services (HHS) warned that the Daixin Team cybercrime group is actively targeting U.S. If you use Remote Desktop Protocol (RDP), secure and monitor it. ” reads the alert.

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Ransomware IoT Phishing Encryption 73

CGI

AUGUST 31, 2016

Insurers’ role will be critical in improving cybersecurity standards. Cyber insurance can be obtained to cover such costs as crisis management, media management, incident management, technical remediation, legal fees, call management, data subject notification, breach investigation and many other losses resulting from a cyber-attack.

Insurance 40

Insurance Cybersecurity Risk Marketing 40

Thales Cloud Protection & Licensing

MAY 9, 2022

Service was then resumed in mid-May, and a group called Darkside was involved in the attack, according to the FBI. This demonstrates that there are still some businesses that have not learned the lessons of the Colonial Pipeline attack and listened to what security experts and the U.S. Cyber insurance coverage ramps up.

Insurance 71

Insurance Ransomware Encryption Authentication 71

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 90

Insurance Government Cybersecurity Risk 90

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 can be a big strain on resources just to respond to security questionnaires,” he says. “At This took the form of programmatic audits. Visibility boost.

Risk 195

Risk Insurance Access Security 195

Krebs on Security

JULY 19, 2021

This story isn’t about what organizations do in response to cybercriminals holding their data for hostage , which has become something of a best practice among most of the top ransomware crime groups today. “Many victims see themselves confronted with having to rebuild their network in a way they didn’t anticipate.

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Ransomware Encryption Insurance Cybersecurity 343

DLA Piper Privacy Matters

NOVEMBER 6, 2018

From a brief search online it is easy to find various different claimant law firms advertising off the back of large public data breaches the possibility to bring a group claim for compensation. The solution is to insure against ruinous group claims…. These make for a potentially toxic mix.

Insurance 45

Insurance Data breaches Personal data GDPR 45

Data Matters

SEPTEMBER 4, 2019

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 amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

Insurance 68

Insurance Paper Risk Analytics 68

AIIM

OCTOBER 15, 2018

Hence the concept of electronic identification and trust services ( eIDAS ) as defined in EU regulation 910/2014 is centered around trust and security and certificate-based signing. Allianz – a global financial services and insurance company – is one of those organizations which had to rethink their approach on e-signatures.

Compliance 109

Compliance Insurance Digital transformation Authentication 109

Data Matters

DECEMBER 11, 2018

The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. NAIC Exposes Group Capital Calculation Field Testing Template For Public Comment.

Insurance 68

Insurance Paper Risk Big data 68

Armstrong Archives

DECEMBER 19, 2023

No matter the size of a business, a well-defined record retention policy serves multiple purposes: ensuring compliance with legal and regulatory requirements, aiding in efficient document management, and securing sensitive information. However, they also require IT infrastructure to facilitate secure storage and backup.

Compliance 52

Compliance Archiving Digital transformation Sales 52

IBM Big Data Hub

JULY 7, 2023

But with a proactive approach to data security, organizations can fight back against the seemingly endless waves of threats. IBM Security X-Force found the most common threat on organizations is extortion, which comprised more than a quarter (27%) of all cybersecurity threats in 2022. Where do data breaches originate?

Security 40

Security Data breaches Data Privacy Compliance 40

Security Affairs

NOVEMBER 8, 2020

Luxottica Group S.p.A. Now the news of another data breach made the headlines, a security breach has exposed the personal and protected health information for patients of LensCrafters, Target Optical, EyeMed, and other eye care practices. For some patients, exposed information included credit card numbers and social security numbers.

Data breaches 79

Data breaches Insurance Retail Ransomware 79

IT Governance

APRIL 11, 2023

The link could direct users to a mock-up of YouTube’s website and ask them to log in for security purposes. But the cyber security research group Securonix has unearthed a new campaign from a threat group dubbed Tactical#Octopus. Can you spot a scam?

Phishing 114

Phishing Passwords Ransomware Insurance 114

The Security Ledger

NOVEMBER 6, 2018

Also: we speak with Senthil Ramakrishnan, a lead member of AT&T’s IoT Security group about that company’s plans to work with Ericsson to certify the security of IoT devices. Read the EFF report “ Protecting Security Researchers’ Rights in the Americas.” Read the whole entry. »

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IoT Computer and Electronics Security Insurance 40

Krebs on Security

JULY 27, 2020

based cyber intelligence firm Hold Security has been monitoring the communications between and among a businesses ID theft gang apparently operating in Georgia and Florida but targeting businesses throughout the United States. For the past several months, Milwaukee, Wisc. ” PHANTOM OFFICES. . ” PHANTOM OFFICES.

Energy and Utilities 354

Energy and Utilities Computer and Electronics Insurance Risk 354

KnowBe4

DECEMBER 6, 2022

Live Demo] Ridiculously Easy Security Awareness Training and Phishing. Join us TOMORROW, Wednesday, December 7 @ 2:00 PM (ET) , for a live demo of how KnowBe4 introduces a new-school approach to security awareness training and simulated phishing. Vet, manage and monitor your third-party vendors' security risk requirements.

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Security awareness Phishing Risk Insurance 92

Adam Levin

JUNE 30, 2020

No industry, category, size, or group is safe from this cyber scourge. The numbers point to a nascent blame game, which in turn points to the need for companies large and small to make sure they have cyber insurance–often the only thing between your company and an extinction-level cyber event. We hear about the big ones.

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Ransomware Insurance Cybersecurity Manufacturing 74