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New York Department of Financial Services Issues Guidance Regarding Life Insurers’ Use of External Consumer Data in Underwriting

Data Matters

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance. Unlawful Discrimination.

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The Week in Cyber Security and Data Privacy: 12 – 18 February 2024

IT Governance

Welfare Benefits Plan Source 1 ; source 2 New Healthcare USA Yes 13,079 Insurance ACE/Humana Inc. Known records breached Zenlayer Source New Telecoms USA Yes 384,658,212 ASA Electronics Source New Engineering USA Yes 2.7 Source New Manufacturing USA Yes 20,415 TECA Srl Source New Transport Italy Yes 16.7 GB AGC Flat Glass North America, Inc.

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Keeping Up with New Data Protection Regulations

erwin

Some suggest the California Consumer Privacy Act (CCPA), which takes effect January 1, 2020, sets a precedent other states will follow by empowering consumers to set limits on how companies can use their personal information. For example, many retailers have robust, data-driven e-commerce operations that are international.

GDPR 100
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The most valuable AI use cases for business

IBM Big Data Hub

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

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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
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50 Ways to Avoid Getting Scammed on Black Friday

Adam Levin

It’s worth noting that there’s no reason a legitimate retailer would need that last one — the skeleton key to your identity — to process a purchase.). Shop at reputable and recognizable retailers. If you’re shopping at a retailer that is new to you, research the company’s standing on the Better Business Bureau website.

Retail 97
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The Third Modern Data Management Summit: Making Data Work!

Reltio

Speakers represented life sciences, healthcare, manufacturing, retail, consumer goods, financial services, consulting services, and hi-tech. Manish Sood , CEO, Reltio – State of Master Data Management – Privacy, Trust, Experience. Attendees represented over 200 companies from across the United States.