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. This means actively minimizing downtime and closing gaps in the supply chain to remain competitive.

Cloud 78

Cloud Financial Services Risk Business Services 78

Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. billion in 2019.

Insurance 284

Insurance Financial Services Mining Access 284

Krebs on Security

JUNE 18, 2021

In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years. First American Financial Corp.

Insurance 265

Insurance Risk Financial Services Mining 265

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

Krebs on Security

MAY 31, 2019

On May 24, KrebsOnSecurity broke the news that First American had just fixed a weakness in its Web site that exposed approximately 885 million documents — many of them with Social Security and bank account numbers — going back at least 16 years. No authentication was needed to access the digitized records. ” . ”

Financial Services 203

Financial Services Insurance Sales Authentication 203

Security Affairs

SEPTEMBER 4, 2023

The German Federal Financial Supervisory Authority (BaFin) is the national financial regulator in Germany, it is a federal agency under the jurisdiction of the Federal Ministry of Finance. The BaFin is responsible for overseeing banks, insurance companies, investment firms, and other financial institutions.

Financial Services 132

Financial Services Military Insurance Marketing 132

Hunton Privacy

JANUARY 24, 2018

On January 22, 2018, the New York Department of Financial Services (“NYDFS”) issued a press release reminding entities covered by its cybersecurity regulation that the first certification of compliance with the regulation is due on or prior to February 15, 2018.

Financial Services 58

Financial Services Cybersecurity Compliance Insurance 58

Security Affairs

NOVEMBER 20, 2021

Major cybersecurity incidents are attacks that impact operations of the victims or the stability of the US financial sector. The rule was approved by the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency. The rule aims at forcing banks to quickly respond to cybersecurity incidents.

Cybersecurity 129

Cybersecurity Financial Services Insurance Ransomware 129

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 138

Data Privacy Compliance Privacy Security 138

Rocket Software

AUGUST 17, 2020

Depending on what industry you’re in, your approach to security may be very different. For some sectors, like finance, security and data protection are top of mind for everything that is done. Financial services organizations typically experience the most data breaches and hacks, which makes security a priority.

Authentication 52

Authentication Financial Services Passwords Insurance 52

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

IT Governance

NOVEMBER 13, 2023

On 14 September, Mulkay discovered that the compromised files contained personal information, including “name, address, date of birth, Social Security number, driver’s license number or state ID, medical treatment information, and health insurance information”. Some patients also had their Social Security numbers exposed.”

Data Privacy 85

Data Privacy Privacy Security Data breaches 85

OpenText Information Management

OCTOBER 18, 2022

It’s an essential part of enterprise communications for industries like healthcare, law, insurance and financial services. Or a carrier pigeon? Honestly, we’ve heard them all. But fax in 2022 is far from a punch line.

Insurance 57

Insurance Financial Services Communications IT 57

IBM Big Data Hub

AUGUST 17, 2023

Banks and governments are actively seeking CBDC because it is a more secure alternative to crypto. CBDC operates on a secure, transparent blockchain network, and it uses blockchain technology to create an immutable record of all transactions. Blockchain technology is characterized by its transparency, security and immutability.

Blockchain 74

Blockchain Financial Services Risk Authentication 74

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

Security Affairs

AUGUST 16, 2023

Starting from May 2023, researchers from Cofense discovered a large-scale phishing campaign using QR codes in attacks aimed at stealing the Microsoft credentials of users from multiple industries One of the organizations targeted by hackers is a notable energy company in the US. ” reads Cofense’s report.

Phishing 94

Phishing Energy and Utilities Insurance Manufacturing 94

Security Affairs

JULY 6, 2020

Xchanging is a business process and technology services provider and integrator, which provides technology-enabled business services to the commercial insurance industry. Securities and Exchange Commission (SEC). Xchanging is primarily an insurance managed services business that operates on a standalone basis.”

Ransomware 80

Ransomware Insurance Financial Services Manufacturing 80

Data Matters

JANUARY 28, 2022

The advisory was promptly endorsed by the National Cyber Security Centre, a division of Government Communications Headquarters (“GCHQ”), a UK intelligence agency. Keep software updated and use industry-recommended antivirus programs. Like an incident response plan, MFA has become a critical element of cybersecurity programs.

Cybersecurity 157

Cybersecurity Financial Services Authentication Government 157

IT Governance

FEBRUARY 21, 2024

Fowler sent a responsible disclosure notice when he discovered the database and it was secured the following day. Welfare Benefits Plan Source 1 ; source 2 New Healthcare USA Yes 13,079 Insurance ACE/Humana Inc. Source New Manufacturing USA Yes 20,415 TECA Srl Source New Transport Italy Yes 16.7 GB AGC Flat Glass North America, Inc.

Data Privacy 52

Data Privacy Manufacturing Privacy Energy and Utilities 52

OpenText Information Management

DECEMBER 4, 2019

Last year, the number of personal records exposed by cyber attacks on the financial services industry was an incredible 446,575,334 – more than triple from the year before. The financial and reputational damage from these data breaches can be immense.

Financial Services 52

Financial Services Data breaches Security Personal data 52

Reltio

JUNE 20, 2023

We recognized that digital and cloud transformation requires modern MDM with automated data quality and data unification capabilities and that leveraging the power of the cloud makes MDM easier, cheaper, more secure, flexible and nimbler.

MDM 98

MDM Cloud B2C B2B 98

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. On March 17, 2022, the U.S.

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

The Last Watchdog

MARCH 26, 2019

Pick any company in any vertical – financial services, government, defense, manufacturing, insurance, healthcare, retailing, travel and hospitality – and you’ll find employees, partners, third-party suppliers and customers all demanding remote access to an expanding menu of apps — using their smartphones and laptops.

Security 105

Security Digital transformation Financial Services Risk 105

HL Chronicle of Data Protection

FEBRUARY 25, 2020

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the effective date of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act or Act).

Cybersecurity 104

Cybersecurity Financial Services Data breaches Insurance 104

Security Affairs

APRIL 20, 2023

In 2022, the ICICI Bank’s resources were named a “critical information infrastructure” by the Indian government – any harm to it can impact national security. However, despite the critical status of bank infrastructure on the national level, the security of crucial data was not ensured. million files belonging to ICICI Bank.

Personal data 98

Personal data Phishing Risk Financial Services 98

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

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 117

Digital transformation Compliance Risk Security 117

Data Protection Report

FEBRUARY 8, 2022

The latter is the 2019 data security law known as the Stop Hacks and Improve Electronic Data Security (SHIELD) Act. EyeMed’s privacy policy stated that the company would “follow generally accepted industry standards to protect the personal information submitted to us, and to guard that information against loss, misuse or alteration.

Passwords 98

Passwords Financial Services Authentication Insurance 98

Rocket Software

NOVEMBER 19, 2020

This acquisition is actually an extremely timely one, and the synergies arising from the strategic combination of Rocket’s mainframe solutions with ConnectIQ’s RPA solutions could signal major reverberations in some of the world’s core industries and institutions. . That’s just one (albeit particularly timely) example of the power of RPA.

Insurance 68

Insurance Financial Services Sales Government 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

The Last Watchdog

APRIL 3, 2019

Its customer base is comprised of eight of the top 15 banks, four of the top six healthcare insurance and managed care providers, nine of the top 15 property and casualty insurance providers, five of the top 13 pharmaceutical companies, and 11 of the largest 15 federal agencies. Talk more soon.

Digital transformation 104

Digital transformation Insurance Compliance Healthcare 104

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 117

Risk Financial Services Insurance Cybersecurity 117

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

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. Corporate cybersecurity programs should be based on industry leading practices in line with ISO 270001/2. Read more : Top Database Security Solutions for 2022. Risk-Reward Calculation.

Risk 121

Risk Cybersecurity Encryption Access 121

IBM Big Data Hub

FEBRUARY 14, 2024

In industrial settings, narrow AI can perform routine, repetitive tasks involving materials handling, assembly and quality inspections. And if AI can guide a Roomba, it can also direct self-driving cars on the highway and robots moving merchandise in a distribution center or on patrol for security and safety protocols.

Artificial Intelligence 86

Artificial Intelligence Retail Unstructured data Insurance 86

Thales Cloud Protection & Licensing

APRIL 1, 2021

Today’s remote working environment relies heavily on the collaborative sharing of information, challenging organizations to maintain the security of confidential data and regulatory compliance while driving employee productivity. Enhanced control and security over sensitive data in Microsoft Azure with Luna HSMs.

Encryption 79

Encryption Compliance Cloud GDPR 79

Data Matters

APRIL 20, 2021

The Cybersecurity Guidance is directed at plan sponsors and fiduciaries regulated by the Employee Retirement Income Security Act of 1974 (ERISA) as well as plan participants and beneficiaries. Online Security Tips for plan participants and beneficiaries. Considerations for Plan Sponsors and Other Fiduciaries.

Cybersecurity 68

Cybersecurity Insurance Risk Compliance 68