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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.

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Mastering healthcare data governance with data lineage

IBM Big Data Hub

The healthcare industry faces arguably the highest stakes when it comes to data governance. The impact of healthcare data usage on people’s lives lies at the heart of why data governance in healthcare is so crucial.In healthcare, managing the accuracy, quality and integrity of data is the focus of data governance.

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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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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.

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Three data-driven trends to watch in financial services in 2022

Collibra

As we look towards 2022, here are three data-driven trends that will continue to shape the industry. Trend #1: From hybrid to multi-cloud . In a recent webinar titled “ Maximizing Value from Cloud with Data Governance ”, speakers from Deloitte and Collibra shared best practices for driving successful cloud migration initiatives.