“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.

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. Guy Vorster, Principal Solutions Consultant, Reltio. Weekends don’t get any more entertaining than a good game of rugby.

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#ModernDataMasters: Mike Evans, Chief Technology Officer

Reltio

It will be possible to put more emphasis on the people, process and data governance which really make MDM live and breathe.”. We teach that problem solving is at the core of MDM, and how important data governance principles are regardless of the configuration of the underpinning technology.”.

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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.

#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. Kate Tickner, Reltio.

#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. The only way that innovation and governance will be aligned properly is if you strategise in that order – business, data, technical.

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.

#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. Kate 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. Ankur Gupta, Sr. Product Marketing Manager, Reltio.

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#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 Kate Tickner, Reltio.

#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.

MDM 52

#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 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.

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. Before, and after?

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

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

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.

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 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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Data Innovator Spotlight - Interview with Charles Joseph, DataZed

Reltio

Title: Founder & Data Governance Consultant. 1 sentence company description: DataZed is a consultancy that works with organizations to improve their data quality, data governance and data strategy. What attracted you to the insurance industry? Name: Charles Joseph.

Key Ring digital wallet exposes data of 14 Million users in data leak

Security Affairs

The images include scans of government-issued IDs, retail club membership and loyalty cards, NRA membership cards, gift cards, credit cards with all details exposed (including CVV), medical insurance cards, medical marijuana ID cards, and more.

Why 83 Percent of Large Companies Are Vulnerable to This Basic Domain Hack

Adam Levin

What would happen if you typed in “Amazon,” the corresponding domain popped up, and you clicked, but instead of finding the world’s largest online retailer, you landed on a 1980s WarGames-themed page with a laughing skull?

Cybersecurity in the boardroom: 7 steps to improve cyber governance

CGI

Cybersecurity in the boardroom: 7 steps to improve cyber governance. High-profile incidents coupled with increasing government focus are raising awareness of the extent and potential impact of cybersecurity breaches. This flagship research surveyed 150 C-level and boardroom business leaders from the UK’s largest companies (1,000+ employees) across the commercial sectors of retail, banking, insurance, utilities and telco.

Cybersecurity in the boardroom: 7 steps to improve cyber governance

CGI

Cybersecurity in the boardroom: 7 steps to improve cyber governance. High-profile incidents coupled with increasing government focus are raising awareness of the extent and potential impact of cybersecurity breaches. This flagship research surveyed 150 C-level and boardroom business leaders from the UK’s largest companies (1,000+ employees) across the commercial sectors of retail, banking, insurance, utilities and telco.

MY TAKE: SMBs can do much more to repel ransomware, dilute disinformation campaigns

The Last Watchdog

Local government agencies remain acutely exposed to being hacked. However, at this moment in history, two particularly worrisome types of cyber attacks are cycling up and hitting local government entities hard: ransomware sieges and election tampering.

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.

COUNTDOWN TO IBM THINK WITH IBM CHAMPION RON BISCEGLIA

Rocket Software

What I love about IBM : What seems like unbounded resources and knowledge, along with the fact that they are always bringing out new technologies to address world-wide IT needs of governments, organizations and businesses.

TA505 group updates tactics and expands the list of targets

Security Affairs

TA505 hacking group has been active since 2014 focusing on Retail and banking sectors. The TA505 also targeted government agencies in Saudi Arabia, Oman, and Qatar using another type of.XLS or.DOC attachments.

NEW TECH: Cequence Security deploys defense against botnets’ assault on business logic

The Last Watchdog

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.

What does the Data Office do? Inside Collibra’s Data Office

Collibra

We’ve nurtured a data-driven culture, encouraged the participation of data citizens, and traveled from data governance to Data Intelligence. . Identifies and rolls out a data governance framework . The data is in, and we all get it: It’s a strategic asset.

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).

ABBYY Opens Office in Hong Kong to Strengthen Presence in Asia

Document Imaging Report

The retail industry and banking are the biggest spenders on AI in the region, with use cases such as fraud analysis and customer-facing process automation enabling self-service and improving customer experience.

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.

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List of data breaches and cyber attacks in April 2019 – 1.34 billion records leaked

IT Governance

Customers at US fast food retailer Chipotle say their accounts have been hacked (unknown). Illinois dental insurer notifies members after phishing attack (unknown). Genesee County, MI, government suffers ‘aggressive’ ransomware attack (unknown). Greenville, NC, government’s systems knocked out by ransomware (unknown). Indian government leaves healthcare database exposed on web (12.5 billion records leaked appeared first on IT Governance Blog.

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?

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. Late last year, Atrium Health disclosed it lost sensitive data for some 2.65

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The Internet of Things (IoT): Managing the Data Tsunami

Collibra

Yet along that path there will be numerous obstacles to overcome – chiefly related to data privacy and governance. The Internet-of-Things has the potential to transform a range of industries – from automotive and agriculture through to healthcare, home appliances and insurance services. For example, data collected by wearable health-tracking devices has become of increasing importance and value to providers of life and medical insurance.

62% of organisations unaware of the GDPR

IT Governance

There is an alarming lack of awareness across all industries about the EU General Data Protection Regulation (GDPR) , according to a government survey. The finance and insurance (79%), information or communications (67%) and education (52%) sectors have the highest awareness of the GDPR.

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In a Few Days, Credit Freezes Will Be Fee-Free

Krebs on Security

There are dozens of private companies that specialize in providing consumer credit reports and scores to specific industries, including real estate brokers, landlords, insurers, debt buyers, employers, banks, casinos and retail stores.