Remove Financial Services Remove Insurance Remove Meeting Remove Training
article thumbnail

Historic Charges: First Enforcement Action Filed by New York Department of Financial Services Under Cybersecurity Regulation

Data Matters

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.

article thumbnail

Cybersecurity Standards for the Insurance Sector – A New Patchwork Quilt in the US?

HL Chronicle of Data Protection

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

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 147
article thumbnail

Conversational AI use cases for enterprises

IBM Big Data Hub

Enterprises can use NLU to offer personalized experiences for their users at scale and meet customer needs without human intervention. DL models can improve over time through further training and exposure to more data. Conversational AI is also making significant strides in other industries such as education, insurance and travel.

Analytics 106
article thumbnail

Unlocking the power of chatbots: Key benefits for businesses and customers

IBM Big Data Hub

Interact when and where customers are Conversational marketing can be deployed across a wide variety of platforms and tools to meet your customers where and how they prefer. Insurance Your customers seek real-time, personalized and accurate responses whether they’re requesting quotes , filing an insurance claim or making payments.

Sales 96
article thumbnail

Remote Work Has Exposed Inefficiencies: What Do You Do About Them?

Rocket Software

A deep technical understanding isn’t required with the right solution, meaning business users can benefit from these tools without extensive training or continuous support from IT teams. After a short 1–2-week training period, most customers are comfortable writing and testing the robots themselves.

article thumbnail

CyberheistNews Vol 13 #07 [Scam of the Week] The Turkey-Syria Earthquake

KnowBe4

This means you have a bunch of users that unwittingly follow a set of unusual and unnecessary clicks that they should know better than to follow – something they learn very quickly if they are enrolled in new-school security awareness training. Blog post with links: [link] Are Your Users Making Risky Security Mistakes? You're not alone.