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

AIIM

AUGUST 19, 2021

Despite the proven operational improvements to be gain by going paperless, paper is still prevalent in too many core business processes today including loan applications, insurance claims, and customer onboarding. Here’s an example of the carrot.

Paper 210

Paper ECM Digital transformation Insurance 210

eSecurity Planet

DECEMBER 9, 2021

We make IT, security, or any business decision by weighing the risks and the rewards. Or as is often the case with security, what costs can we skip and still escape big penalties later? Dealing with an incident is a matter of “when and how bad,” not “if.” Be in-line with insurance policies. Yet, it can get worse.

Insurance 125

Insurance Ransomware Data breaches Cloud 125

eSecurity Planet

AUGUST 9, 2022

Regulatory compliance and data privacy issues have long been an IT security nightmare. GDPR (among other legal requirements in the EU and elsewhere) can expose multinational organizations to hefty financial penalties, additional rules for disclosing data breaches, and increased scrutiny of the adequacy of their data security.

Data Privacy 145

Data Privacy Compliance Privacy Security 145

Data Protection Report

DECEMBER 4, 2023

For example, third parties may be retained to perform payroll activities, store data in a centralized location, or send targeted advertisements to consumers. Indemnification and Insurance Data controllers are responsible for ensuring compliance with privacy laws.

Insurance 63

Insurance Privacy Compliance Personal data 63

eSecurity Planet

AUGUST 4, 2023

Even a robust IT or security department will find certain tasks or projects beyond their capabilities. But ignoring issues that you lack the time or expertise for can risk operational failure or security incidents. Yet IT and security vendors will provide their services according to the specifics of the contract.

IT 98

IT Compliance Cybersecurity Communications 98

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. Mobilizing data governance programs.

Insurance 59

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. ” STATE WEB SITE WOES.

Insurance 330

Insurance Government Personal data Communications 330

IBM Big Data Hub

DECEMBER 8, 2023

This strategy shifts the risk from the organization onto another party; in many cases, the risk shifts to an insurance company. An example of this is obtaining an insurance policy to cover property damage or personal injury. Risk transfer: Risk transfer involves passing the risk to a third party.

Risk 74

Risk Compliance Insurance IT 74

The Last Watchdog

APRIL 8, 2024

Related: The ‘cyber’ case for D&O insurance Vanessa Pegueros knows this all too well. Thus, presenting a sky-is-falling scenario to justify a fatter security budget, “does not resonate at the board level,” she said in her talk. Pigueros: Compliance is not going to fix all the security risks.

Compliance 210

Compliance Cybersecurity Risk Mining 210

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. See also: How does ransomware infect your systems? Let them know which areas of the organisation have been infected and how you are going to manage in the meantime. Photograph the ransom note.

Ransomware 99

Ransomware Insurance Encryption Paper 99

IT Governance

NOVEMBER 7, 2018

Disaster recovery is effectively a form of insurance; you are spending money preparing for a scenario that you hope never occurs. You’ll need contact details of regulators, power providers and key members of staff; data breach notification checklists; inventories; insurance policies; and data flow maps, to name a few things.

Insurance 113

Insurance Risk Data breaches Government 113

Lenny Zeltser

JULY 1, 2020

To achieve this, the scammer: Obtains the victim’s personal information , including name, date of birth, social security number, address, and probably employment history. I wrote this article to help other victims of this unemployment insurance fraud and identity theft scam. I believe in this scheme.

Insurance 116

Insurance Data breaches Government IT 116

IT Governance

MAY 3, 2019

For example, you might address the risk of a work-issued laptop being stolen by creating a policy that instructs employees to keep devices with them and to store them safely. This response is appropriate if the risk is too big to manage with a security control. Communications security : how to protect information in networks.

Risk 72

Risk Information Security Communications Insurance 72

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. Image: ZeroFox.

Phishing 187

Phishing Passwords Insurance Sales 187

IT Governance

JULY 17, 2019

Your first – obviously valid – thought might be that we all need to get better at preventing security incidents, but it’s not the whole story. An incident response plan is a document that outlines the steps an organisation must take following a cyber security incident. See also: How to handle a ransomware attack.

Data breaches 71

Data breaches Ransomware Insurance Security 71

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

IT Governance

FEBRUARY 15, 2019

That may sound daunting, but when cyber resilience is done right, your cyber security and incident response strategy will seem straightforward. You’ll have a clear understanding of what each control does, how it fits into your organisation and why it’s worth the cost of investment. Getting the most out of cyber resilience.

Risk 83

Risk GDPR Communications Insurance 83

The Last Watchdog

AUGUST 22, 2019

A core security challenge confronts just about every company today. While the benefits of DX are highly-touted , this shift has also spawned a whole new tier of unprecedented privacy and security challenges. The cloud is kind of dragging this movement along and DevOps and security are center stage, at the moment.”

Digital transformation 147

Digital transformation Compliance Risk Security 147

The Last Watchdog

MARCH 26, 2019

One way to grasp how digital transformation directly impacts the daily operations of any organization – right at this moment — is to examine the company’s application environment. Related: How new exposures being created by API sprawl. Take the airline industry as an example. One such risk is business logic abuse.

Security 145

Security Digital transformation Financial Services Risk 145

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 207

Risk Ransomware Cybersecurity Access 207

IBM Big Data Hub

NOVEMBER 20, 2023

In 2023, organizations have faced an unprecedented level of pressure to digitally transform with the rise of generative AI as well as imperatives such as sustainability, labor productivity and security. The findings indicate that highly regulated industries are increasingly weighing risks, such as security, when considering the technology.

Cloud 92

Cloud Digital transformation Data structuring Marketing 92

The Last Watchdog

OCTOBER 5, 2023

Byron is the founder and editor-in-chief of The Last Watchdog on Privacy & Security. Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies? What factors should organizations consider when selecting a cyber insurance policy? Byron: It’s an important risk management tool.

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

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

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

HL Chronicle of Data Protection

MAY 7, 2019

Please join the Hogan Lovells Privacy and Cybersecurity team on May 15 for our webinar, Hacking 101: How it Works and How to Mitigate Risk. We will explore how certain common hacks work from a technical perspective and how to mitigate related risks from a legal and compliance perspective.

Risk 40

Risk IT Compliance Privacy 40

Thales Cloud Protection & Licensing

MAY 9, 2022

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. For example, both directives makes it mandatory for all agencies to deploy multi-factor authentication and encryption. Cyber insurance coverage ramps up.

Insurance 71

Insurance Ransomware Encryption Authentication 71

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 level of security maturity to a 2.8, Visibility boost.

Risk 195

Risk Insurance Access Security 195

eSecurity Planet

DECEMBER 7, 2023

This guide will provide a high level overview of encryption and how it fits into IT through the following topics: How Encryption Works To understand how encryption works, we need to understand how it fits into the broader realm of cryptology, how it processes data, common categories, top algorithms, and how encryption fits into IT security.

Encryption 113

Encryption IT Passwords IoT 113

Armstrong Archives

AUGUST 25, 2023

The Health Insurance Portability and Accountability Act (HIPAA) ensures individuals’ health data protection and privacy. This includes insurance companies, nurses, and doctors. Other penalties include legal and criminal charges, depending on how bad the violation is.

Computer and Electronics 52

Computer and Electronics Insurance Compliance Risk 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

IBM Big Data Hub

MARCH 27, 2024

In Africa, for example, recurring droughts, floods and cyclones due to climate change might cause crop failures and food insecurity. Substantial repair costs might arise, particularly impacting insurance companies. In India, for example, the states of Uttar Pradesh and Bihar are in a region of extreme summers and winters.

Risk 68

Risk Artificial Intelligence Agriculture Financial Services 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. Training should cover how to classify, store, and eventually dispose of records according to the policy.

Compliance 52

Compliance Archiving Digital transformation Sales 52

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

eSecurity Planet

FEBRUARY 11, 2022

The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. This article looks at cybersecurity risk management, how to establish a risk management system, and best practices for building resilience. What is Cybersecurity Risk Management?

Risk 144

Risk Cybersecurity Encryption Access 144

IT Governance

NOVEMBER 20, 2018

The Cyber Essentials scheme is a world-leading assurance mechanism for organisations of all sizes to help demonstrate that the most critical cyber security controls have been implemented. Deficient access controls result in security breaches. Secure your access controls. How to protect yourself.

Access 83

Access Security Authentication Passwords 83

Data Matters

MARCH 28, 2022

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques. 45 CFR 164.308(a)(5)(i).

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88