Remove Government Remove Insurance Remove Study Remove Training
article thumbnail

NYDFS issues significant guidance on insurers using AI or external data

Data Protection Report

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing. Actual Actuarial Validity.

article thumbnail

Cyber insurance: A guide for businesses

IT Governance

That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? What is cyber insurance? How does cyber insurance work? What does a cyber insurance policy cover? Who needs cyber insurance?

Insurance 122
Insiders

Sign Up for our Newsletter

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

article thumbnail

The False Economy of Deprioritising Security

IT Governance

A 2022 Proofpoint study found that 76% of UK board members believed their organisation to be at risk of a material cyber attack in the next 12 months – higher than the global average of 65%. However, the 2023 edition of that study found that this had dropped to 44% in the UK, whereas the global average had climbed to 73%.

Security 116
article thumbnail

Data catalogs, data governance, and the journey to data intelligence

Collibra

But you can’t implement data intelligence if your data isn’t governed. Data governance is the process of managing data as a strategic asset so it is accurate, accessible, secure, and consistent. Learn more about governing data with Google Cloud and Collibra.

article thumbnail

What is data governance in healthcare?

Collibra

As a result, data governance in healthcare is non-negotiable. Data governance is about managing data and processes so data can be used as a consistent, secure and organized asset that meets policies and standards. Why is data governance important for a healthcare organization? Large volumes of sensitive data.

article thumbnail

GUEST ESSAY: Why the next round of cyber attacks could put many SMBs out of business

The Last Watchdog

In the last year, the news media has been full of stories about vicious cyber breaches on municipal governments. From Atlanta to Baltimore to school districts in Louisiana, cyber criminals have launched a wave of ransomware attacks on governments across the country.

article thumbnail

The benefits of AI in healthcare

IBM Big Data Hub

AI and ML technologies can sift through enormous volumes of health data—from health records and clinical studies to genetic information—and analyze it much faster than humans. One example comes from a study in Nature Medicine, which found that up to 70% of patients don’t take insulin as prescribed.