IT Governance

OCTOBER 15, 2020

That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? What is cyber insurance? How does cyber insurance work? What does a cyber insurance policy cover? Who needs cyber insurance?

Insurance 121

Insurance Data breaches Risk Security 121

IBM Big Data Hub

APRIL 18, 2024

The prospect of developing synthetic minds that can learn and solve complex problems promises to revolutionize and disrupt many industries as machine intelligence continues to assume tasks once thought the exclusive purview of human intelligence and cognitive abilities. Regardless, these are examples of narrow AI.

Artificial Intelligence 89

Artificial Intelligence Marketing e-Delivery Manufacturing 89

IBM Big Data Hub

MAY 8, 2023

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. One example of this is facial recognition being used for the illegal tracking of people’s movement.

Insurance 68

Insurance Risk Artificial Intelligence Government 68

eSecurity Planet

JANUARY 5, 2024

3 Main Types of Firewall Policies 9 Steps to Create a Firewall Policy Firewall Configuration Types Real Firewall Policy Examples We Like Bottom Line: Every Enterprise Needs a Firewall Policy Free Firewall Policy Template We’ve created a free generic firewall policy template for enterprises to download and use.

Compliance 108

Compliance Access Communications Cybersecurity 108

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

Insurance 84

Insurance Risk Cybersecurity Ransomware 84

eSecurity Planet

DECEMBER 7, 2023

For example, The Health Insurance Portability and Accountability Act (HIPAA) requires security features such as encryption to protect patients’ health information. For example, the Hypertext Transfer Protocol Secure (HTTPS) protocol enables secure web connections that provide both security and integrity for connections.

Encryption 113

Encryption IT Passwords IoT 113

Thales Cloud Protection & Licensing

MAY 26, 2023

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

Insurance 71

Insurance Digital transformation Security Authentication 71

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

IT Governance

AUGUST 25, 2022

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

Insurance 102

Insurance IT Government Risk 102

Reltio

JUNE 9, 2022

The insurance industry is facing unprecedented disruption. Insurance carriers have been called to transform customer experience, business offerings, and operations. As an insurer, your current business models are being challenged by new thinking, new competitors, and new ways of working.

Digital transformation 52

Digital transformation Insurance Customer Experience MDM 52

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 362

Ransomware Insurance Phishing IT 362

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

Data Matters

MAY 6, 2022

Digital health companies should take note of new data privacy and security developments under the Health Insurance Portability and Accountability Act (HIPAA) that can affect product planning and customer negotiations. The examples go on and on. What is Digital Health? RFI Regarding Recognized Security Practices.

Risk 86

Risk Cybersecurity Insurance Authentication 86

Info Source

AUGUST 31, 2022

The dominant theme in Africa’s print industry is currently logistics and supply. Like the critical shortages we have seen in the chip industry, there simply is not enough stock of printers and much print-related equipment. This is a tight industry across the continent. Chris de Beer, Africa Regional Manager at Infosource. .

Marketing 52

Marketing Sales Retail Insurance 52

CGI

NOVEMBER 10, 2016

The growing importance of dynamic pricing and rating in insurance. On June 20, 2016, CGI held a roundtable discussion on dynamic rating and pricing in the insurance industry that involved nearly all major Dutch insurers. This is in contrast to the traditional cost-plus approach to pricing in the insurance industry.

Insurance 69

Insurance Retail Sales Risk 69

Rocket Software

AUGUST 17, 2020

Depending on what industry you’re in, your approach to security may be very different. For almost every industry, multi-factor authentication can be beneficial. For example, it can use adaptive authentication—an IP address or geographic location—and compare it to typical behavior for the account. . Benefits for Healthcare.

Authentication 52

Authentication Financial Services Passwords Insurance 52

IBM Big Data Hub

NOVEMBER 30, 2023

When lumbermills were shuttered during the 2023 Canadian wildfires, the limited availability and higher price of lumber was particularly hard on the housing industry across North America. 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 85

Energy and Utilities Insurance Risk Retail 85

IT Governance

MAY 30, 2018

The EU General Data Protection Regulation (GDPR) is designed to harmonise data protection laws across the EU, but certain industries will have to respond differently in order to achieve compliance. A report published by research and consultancy company Celent highlights the challenges that the GDPR presents to insurers.

Insurance 41

Insurance GDPR Compliance Data collection 41

The Last Watchdog

SEPTEMBER 24, 2024

Credit monitoring services provide ongoing tracking of credit reports for suspicious activity, and some even offer insurance for identity theft-related losses. Most industries have strict regulations in place, and in many cases, organizations will be subject to fines if adherence to regulations are violated.

Authentication 215

Authentication IT ROT Compliance 215

The Last Watchdog

AUGUST 8, 2022

Digital twins are just one example of a complex system, but they expose companies to a lot of risk if they are not properly implemented with a cybersecurity plan in place. For example, think of digital cities, or digital infrastructure assets. Another example is a city using a digital twin so that they can model floods or earthquakes.

Security 214

Security Artificial Intelligence Risk Access 214

CGI

SEPTEMBER 12, 2017

Data analytics – how should insurers look to the future? With a plethora of new data sources across the property and casualty (P&C) general insurance lifecycle now becoming available, how do insurers create an all-encompassing data analytics policy for the future? Tue, 09/12/2017 - 03:00. Connected and monitored energy usage.

Insurance 40

Insurance Analytics Risk IoT 40

AIIM

AUGUST 13, 2020

In the insurance industry, for example, companies such as Progressive have developed an online Internet service that has had an obvious impact on older insurance companies and their business model. Examples like that exist throughout this industry, and just about every industry throughout the world.

Insurance 212

Insurance Sales Digital transformation Personal data 212

Krebs on Security

JULY 21, 2023

For example, 88 percent listed a Director of Human Resources (or “Chief People Officer”), and 37 out of 100 included a Chief Marketing Officer. Schreider said while Datos Insights focuses mostly on the financial and insurance industries, a recent Datos survey echoes the IANS findings from last year.

Security 213

Security Risk Insurance Cybersecurity 213

Krebs on Security

JULY 24, 2018

Now the financial institution is suing its insurance provider for refusing to fully cover the losses. In its lawsuit (PDF), National Bank says it had an insurance policy with Everest National Insurance Company for two types of coverage or “riders” to protect it against cybercrime losses. million total. THE LAWSUIT.

Insurance 192

Insurance Computer and Electronics Phishing Access 192

CGI

APRIL 25, 2018

Time for a new definition of the "composite" insurer? Composite insurer table. In the UK we rightly take pride in the fact that our ‘local’ propositions have played a significant role in the global development of what we now commonly call ‘Insurance’, but is that all about to change? . p.butler@cgi.com. Wed, 04/25/2018 - 09:26.

Insurance 40

Insurance Retail Marketing IT 40

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

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

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

IT Governance

FEBRUARY 15, 2022

Cyber insurance will become more popular and more comprehensive. It’s led to a growing trend for organisations to purchase cyber insurance, which Forbes contributor Emil Sayegh believes will continue in 2022. This market squeeze will certainly affect the cyber insurance industry itself. “We

Security 142

Security Insurance Authentication Passwords 142

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

CGI

SEPTEMBER 5, 2018

UK Honey Bees and Insurance; an existential threat in the wings? There is of course one difference between the hive and the Insurance sector – the ability to respond. Wed, 09/05/2018 - 04:28.

Insurance 40

Insurance Sales Marketing IT 40

Data Matters

APRIL 10, 2020

The AG’s revised March 2020 proposed regulations provide an example of how a business may respond to a request to know that may include biometric information. For example, in the March proposed regulations, the AG did not offer guidance on the protection of trade secrets or procedures to standardize “household” requests.

Privacy 66

Privacy Sales Insurance Compliance 66

Security Affairs

OCTOBER 4, 2023

The phishing attacks were aimed at senior executives across various industries, primarily in Banking, Financial, Insurance, Property Management and Real Estate, and Manufacturing sectors. The subdomain ‘t.indeed.com’ is supplied with parameters to redirect the client to another target (example.com) as shown in the example below.”

Phishing 123

Phishing Insurance Manufacturing Authentication 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 86

Insurance e-Delivery Paper Cybersecurity 86

erwin

FEBRUARY 7, 2019

By implementing metadata-driven automation, organizations across industry can unleash the talents of their highly skilled, well paid data pros to focus on finding the goods: actionable insights that will fuel the business. Metadata-Driven Automation in the BFSI Industry. Metadata-Driven Automation in the Pharmaceutical Industry.

Metadata 96

Metadata Healthcare Insurance Financial Services 96

AIIM

JULY 22, 2021

For many businesses, content and data capture tools are highly sought out, particularly in the banking and insurance sectors. For example, let’s say a loan application comes in for someone seeking a mortgage property. The Difference Between Intelligent Document Processing and RPA — Or Is There One? More on Information Capture.

Unstructured data 264

Unstructured data Information capture Insurance Compliance 264

Armstrong Archives

DECEMBER 19, 2023

Also, their policies must be tailored to their specific industry requirements and business size. Next, consult legal and industry-specific guidelines to determine the minimum retention periods. Industry Variations in Record Retention Different industries face unique challenges and requirements when it comes to record retention.

Compliance 52

Compliance Archiving Digital transformation Records Management 52