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Cyber Insurance: Higher Premiums, Limited Coverage

Data Breach Today

GAO Report Summarizes Market Trends The increasing number of cyberthreats, especially ransomware attacks, is leading some cyber insurers to raise premiums and limit some coverage in hard-hit sectors, such as healthcare and education, according to a report from the Government Accountability Office.

Insurance 280
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The Financial Service and Insurance Industries Need Intelligent Document Processing; Here’s Why

Rocket Software

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries. Challenges to Effective IDP. Digital Transformation is More Than Scanning Paper Documents.

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Staying Ahead of the Curve: 6 Top Legal Tech Trends to Watch in 2023

ARMA International

In 2023, we see six significant trends that considerably impact the legal industry. Trend #1: The Rise of AI Incorporating Artificial Intelligence (AI) technology into legal practice is no longer a “new” frontier. But it’s important to ensure that AI tools are utilized responsibly and ethically and that good governance is employed.

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New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. The Framework.

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The False Economy of Deprioritising Security

IT Governance

The UK government’s Cyber Security Breaches Survey 2023 confirms this trend. Nevertheless, it’s a clear trend change. Let’s look at: Possible reasons for this trend change; Why it is worrying; and Five ways for organisations to improve their security without breaking the bank. Specifically, a 13.4% Specifically, a 13.4%

Security 116
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Kentucky and Maryland Recently Joined Other States in Adopting NAIC Model Data Security Law.

Data Matters

Kentucky and Maryland recently continued the trend of state insurance departments adopting some version of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Data Security Model Law. Kentucky Governor Andy Beshear signed House Bill 474 into law, and Maryland Governor Larry Hogan signed SB 207.

Insurance 103
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SilverTerrier gang uses COVID-19 lures in BEC attacks against healthcare, government organizations

Security Affairs

Nigerian cyber gang SilverTerrier, specialized in BEC attacks, used COVID-19 lures in recent attacks on healthcare and government organizations. SilverTerrier has been active since at least 2014, it is a collective of over hundreds of individual threat actors. . “On April 8, 2020, we witnessed the most recent campaign by this actor.