“An act of war”: Zurich American refuses to pay out on cyber insurance policy following NotPetya attack

IT Governance

US food giant Mondelez is suing insurance company Zurich American for denying a $100 million (£76 million) claim filed after the NotPetya attack. The UK government and the CIA blame the attack on Russian state-sponsored hackers, claiming it was the latest act in an ongoing feud between Russia and Ukraine. In that regard, it was a job well done, with one report estimating that insurers could expect to pay out more than $80 billion (£61 billion) as a result of the attack.

The benefits of a flexible operating model in data governance

Collibra

Data governance is the essential foundation for organizations looking to create business value from data. Setting up effective data governance, however, can be quite challenging. What is an operating model in data governance? What needs to be governed? Who governs it?

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Top 10 Governance, Risk and Compliance (GRC) Vendors

eSecurity Planet

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. IT governance and security. Privacy governance and management.

Reltio Cloud – Your Key to a Successful SAP S/4HANA Migration

Reltio

Reltio Cloud also acts as the governance platform to address the data quality problems before S/4HANA ingestion. Business IT B Business B Customer 360 B Digital Transformation B Financial Services & Insurance B Graph B Healthcare B High-Tech & Manufacturing B IT B Life Sciences B Machine Learning B media & entertainment B Product 360 B Retail & CPG B Supplier 360 B Travel & hospitalityGuy Vorster, Principal Solutions Consultant, Reltio.

Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. NAIC Continues its Review of Private Equity Ownership in the Insurance Industry. Insurance Legislation Policy State Privacy Laws

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Catches of the Month: Phishing Scams for November 2022

IT Governance

Elsewhere, we assess data breaches at a cancer research facility and the US retailer Bed Bath & Beyond. However, as Databreaches.net indicates, this is risky advice, because the attackers might yet use compromised medical insurance information to conduct identity theft.

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Is Your Customer Experience Future-Ready?

Reltio

A enterprise-wide Customer 360 solution makes it easier for organizations to comply with regulations, by creating a single source of customer information blending profile, interaction, and transaction data from all sources, complete with data governance and trace-ability to meet all compliance needs. White Paper: The Golden Path to B2C Customer 360 – What We Learned from World’s Largest Retail & Consumer Brands. Ankur Gupta, Sr. Product Marketing Manager, Reltio.

Reltio Supports Apple CEO Tim Cook’s Clarion Call for Stronger US Customer Data Privacy Laws

Reltio

But today modern data management solutions that include technologies like machine learning empower organizations to implement data governance and privacy initiatives at scale, and are an essential part of their overall Customer 360 data strategy. Privacy law and as Reltio customers can attest they are already ahead of the game, with Reltio governing their sensitive customer data at scale throughout their organization using master data management, graph, and machine learning technologies.

Morrisons heads to the Supreme Court over data breach

IT Governance

The information comprised names, addresses, gender, dates of birth, phone numbers, National Insurance numbers, bank details and salaries. The three Court of Appeal judges who denied Morrisons’ earlier claim – Lord Justices Bean and Flaux, and Master of the Rolls Sir Terence Etheron – believe that organisations may turn to cyber security insurance to protect them against vicarious liability. Breaches and Hacks Retail data breach

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#ModernDataMasters: Martin Squires, The Analysis Foundry

Reltio

Particularly the data governance side is beginning to be seen as really important. For example as a young analyst at N&P I built a model for Home and Contents Insurance in order to better understand our retention strategies. I was really excited because I was looking at the key variables and found a real link between clients closing their mortgage and closing their insurance policy. Kate Tickner, Reltio.

Keeping Up with New Data Protection Regulations

erwin

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). Due to these pre-existing regulations, organizations operating within these sectors, as well as insurance, had some of the GDPR compliance bases covered in advance.

#ModernDataMasters: Lewis Ownes, CEO Agile Solutions

Reltio

If you ask people about data management and all they talk about is governance then you know they are only being driven by regulation or a concern. On the other side of things in the start up world and data driven companies, they can be purely about data and development and that is innovative as companies like FaceBook have found, often the data governance is lacking. “A In the same way if you just show up talking about governance you can stifle innovation.

List of Data Breaches and Cyber Attacks in June 2022 – 34.9 Million Records Breached

IT Governance

million) Brazilian retailer Fast Shop confirms cyber attack (unknown) ADM Associates announces security incident (unknown) Guardian Fueling Technologies has been hacked (unknown) Pape-Dawson Engineers, Inc. If you’re facing a cyber security disaster, IT Governance is here to help.

Digital Customer Experience is becoming the deciding battlefield on the insurance landscape

CGI

Digital Customer Experience is becoming the deciding battlefield on the insurance landscape. Digital Customer Experience in many ways is becoming the deciding battlefield on the insurance landscape as to who will win through. Artificial Intelligence whilst in its nascent stages in insurance has made real inroads in other sectors (especially Retail) and is well embedded in the customer journey.

#ModernDataMasters: Henrik Liliendahl, Chairman & CTO, Product Data Lake

Reltio

But that was my route into data management and going from there into MDM PIM and data governance. Uncategorized B Compliance & GDPR B Consumer 360 B Customer 360 B Digital Transformation B Financial Services & Insurance B Healthcare B High-Tech & Manufacturing B IT B Business B Life Sciences B Machine Learning B Patient & Member 360 B Retail & CPGKate Tickner, Reltio.

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Digital Enterprises: Built on Modern MDM

Reltio

To ensure no wall between data, governance, and insight, she shares her mantras: invest intelligently, source strategically, and collaborate. Business Compliance Customers IT Partners B Business B Data Science B Digital Transformation B Financial Services & Insurance B High-Tech & Manufacturing B IT B Life Sciences B Machine Learning B Patient & Member 360 B Retail & CPG DataDriven19Ankur Gupta, Sr. Product Marketing Manager, Reltio.

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Morrisons loses data leak appeal

IT Governance

The data included bank account details, salary information, dates of birth, National Insurance numbers, addresses and phone numbers. The post Morrisons loses data leak appeal appeared first on IT Governance Blog. Cyber Security Data Protection IT Best Practice Retail data breach data misuseSupermarket giant Morrisons has lost the latest round in the legal battle for compensation by thousands of its staff whose personal details were leaked on the Internet.

#ModernDataMasters: Steve Whiting, Chief Operations Officer

Reltio

I worked in several Telcos and latterly in the City for an international insurance company. Ethical data management means you need data governance and data security by design – these initiatives are hard to retrofit. In the past organisations often mobilized for large MDM programmes and had to retrospectively drive the governance throughout – now we are seeing that data governance is often leading – it has become a non-negotiable.”. Kate Tickner, Reltio.

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List of Data Breaches and Cyber Attacks in August 2022 – 97 Million Records Breached

IT Governance

In a month that saw the former US president accused of misappropriating classified government documents, there were also a spate of malicious insiders compromising their employer’s systems. If you’re facing a cyber security disaster, IT Governance is here to help.

#ModernDataMasters: Tony Saldanha, President, Transformant

Reltio

What is the role of data governance in these processes? Driving those standards and governing them for the industry and the company are some of the most important roles that an IT professional can play. “I In CPG and retail there is a lot of money allocated to promotions like BOGOF and discounting. Kate Tickner, Reltio. Tony Saldanha is the President of Transformant and a globally recognized information technology and shared services executive.

#ModernDataMasters: David Balzan, Business Unit Manager MDM

Reltio

I believe that operational data governance will continue to rise in importance. You can only do that and demonstrate that you have done it is via excellent data governance – the systems and processes must be in place to do this. Kate Tickner, Reltio. David Balzan , Business Unit Manager MDM, Viqtor Davis is a driven data management professional, enthusiastic leader and technical architect.

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Catches of the Month: Phishing Scams for July 2022

IT Governance

It added: “We are working with local law enforcement, GEMA, GBI, and insurance officials to recover the funds. The next most frequent targets were software-as-a-service and webmail providers (20.5%) and e-commerce sites and retail stores (14.6%).

List of data breaches and cyber attacks in May 2022 – 49.8 million records breached

IT Governance

If you’re facing a cyber security disaster, IT Governance is here to help. million records breached appeared first on IT Governance UK Blog. Welcome to our May 2022 review of data breaches and cyber attacks.

The Tragedy of the Data Commons

John Battelle's Searchblog

But before you roll your eyes in anticipation of yet another Facebook rant, no, this post is not about Facebook, despite that company’s continued inability to govern itself. No, this post is about the business of health insurance. Last week ProPublica published a story titled Health Insurers Are Vacuuming Up Details About You — And It Could Raise Your Rates. So what does this have to do with healthcare, data, and the insurance industry? Before, and after?

Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. The Annuity Suitability Working Group (ASWG) led the NAIC’s multi-year efforts to develop revisions to the Suitability in Annuity Transactions Model Regulation (SAT) to incorporate a requirement for producers to act in the “best interest” of a retail customer when making a recommendation of an annuity.

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List of data breaches and cyber attacks in May 2021 – 116 million records breached

IT Governance

If you find yourself facing a cyber security disaster, IT Governance is here to help. The post List of data breaches and cyber attacks in May 2021 – 116 million records breached appeared first on IT Governance UK Blog.

List of data breaches and cyber attacks in June 2021 – 9.8 million records breached

IT Governance

If you find yourself facing a cyber security disaster, IT Governance is here to help. million records breached appeared first on IT Governance UK Blog. We found a comparatively low 9,780,931 breached records from publicly disclosed security incidents in June 2021.

Three sectors being transformed by artificial intelligence

Information Management Resources

Retail, insurance and government are three areas where AI will be implemented this year in ways we haven't seen before. Artificial intelligence Machine learning Customer experience

Regulatory Update: NAIC Fall 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (the NAIC) held its Fall 2019 National Meeting (Fall Meeting) in Austin, Texas, from December 7 to 10, 2019. The draft revisions include a requirement for producers to act in the “best interest” of a retail customer when making a recommendation of an annuity. Term and Universal Life Insurance Reserve Financing Model Regulation and 2016 Revisions to the CFR Model Laws. Big Data Insurance Policy

Regulatory Update: NAIC Fall 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (the NAIC) held its Fall 2019 National Meeting (Fall Meeting) in Austin, Texas, from December 7 to 10, 2019. The draft revisions include a requirement for producers to act in the “best interest” of a retail customer when making a recommendation of an annuity. Term and Universal Life Insurance Reserve Financing Model Regulation and 2016 Revisions to the CFR Model Laws. Big Data Insurance Policy

List of Data Breaches and Cyber Attacks in March 2021 – 21 Million Records Breached

IT Governance

The post List of data breaches and cyber attacks in March 2021 – 21 million records breached appeared first on IT Governance UK Blog.

Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

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. Securities and Exchange Commission on June 5, 2019, broker-dealers and associated persons are required to act in the best interest of a retail customer when recommending a securities transaction or investment strategy involving securities to a retail customer. Big Data Insurance Legislation NAIC Policy U.S.

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List of data breaches and cyber attacks in December 2020 – 148 million records breached

IT Governance

The post List of data breaches and cyber attacks in December 2020 – 148 million records breached appeared first on IT Governance UK Blog. What else would you expect from the final month of 2020 than the highest number of publicly disclosed incidents we’ve ever recorded?

IRS To Ditch Biometric Requirement for Online Access

Krebs on Security

government online. as a condition of receiving state or federal financial assistance, such as unemployment insurance, child tax credit payments, and pandemic assistance funds. to commercialize what should be a core government service.”

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Redcar and Cleveland Borough Council still offline after suffering cyber attack

IT Governance

Unlike an attack on retailers, for example, victims have no alternative when systems are down. According to a report from the insurance broker Gallagher , 49% of local councils have been attacked since the start of 2017 and 37% were attacked in the first half of 2019 alone.

IRS Will Soon Require Selfies for Online Access

Krebs on Security

was originally launched in 2010 with the goal of helping e-commerce sites validate the identities of customers who might be eligible for discounts at various retail establishments, such as veterans, teachers, students, nurses and first responders. government websites.

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11 cyber security predictions for 2020

IT Governance

With that in mind, Geraint Williams, IT Governance’s chief information security officer, discusses his cyber security predictions in the upcoming year. Cyber insurance has in some regions encouraged victims to pay as it is cheaper than remediation in some cases.

List of data breaches and cyber attacks in October 2019 – 421 million records breached

IT Governance

A DDoS gang is extorting business posing as Russian government hackers (unknown). Victoria government insists patient data is safe after ransomware attack (unknown). Bradford, PA, government has swift response to ransomware attack (8,305). US retailer Kroger reports ‘isolated incident’ involving pharmacy records (unknown). Pine County, MN, government hit my payroll scam (4,400). French fashion retailer Sixth June victim of payment card skimming scam (unknown).

Confessions of an ID Theft Kingpin, Part II

Krebs on Security

Ngo’s cooperation with the government ultimately led to 20 arrests, with a dozen of those defendants lured into the open by O’Neill and other Secret Service agents posing as Ngo. Yesterday’s piece told the tale of Hieu Minh Ngo , a hacker the U.S.

Catches of the month: Phishing scams for May 2020

IT Governance

Likewise, the message is written clumsily, doesn’t contain any of Tesco’s branding and in fact spells the retailer’s name as ‘Tesc0’. Why would the government take money away from the NHS and give it to citizens?