Security Affairs

NOVEMBER 10, 2023

McLaren Health Care (McLaren) experienced a data breach that compromised the sensitive personal information of approximately 2.2 McLaren Health Care (McLaren) disclosed a data breach that occurred between late July and August. The security breach exposed the sensitive personal information of 2,192,515 people.

Data breaches 118

Data breaches Ransomware Insurance Manufacturing 118

IBM Big Data Hub

MARCH 20, 2024

For highly regulated industries, these challenges take on an entirely new level of expectation as they navigate evolving regulatory landscape and manage requirements for privacy, resiliency, cybersecurity, data sovereignty and more. This means actively minimizing downtime and closing gaps in the supply chain to remain competitive.

Cloud 81

Cloud Financial Services Risk Business Services 81

IBM Big Data Hub

DECEMBER 4, 2023

This approach can accelerate speed-to-market by providing enhanced capabilities for developing innovative products and services, facilitating business growth and improving the overall customer experience in their interactions with the company. Below, we provide summaries of some of our current generative AI implementation initiatives.

Insurance 56

Insurance Digital transformation Compliance Cloud 56

Krebs on Security

DECEMBER 8, 2022

Alex Holden is founder of Hold Security , a Milwaukee-based cybersecurity firm. The CLOP members said one tried-and-true method of infecting healthcare providers involved gathering healthcare insurance and payment data to use in submitting requests for a remote consultation on a patient who has cirrhosis of the liver.

Ransomware 250

Ransomware Metadata Insurance Encryption 250

Security Affairs

JANUARY 7, 2024

Every week the best security articles from Security Affairs are free for you in your email box. Experts spotted a new macOS Backdoor named SpectralBlur linked to North Korea Merck settles with insurers regarding a $1.4 A new round of the weekly SecurityAffairs newsletter arrived!

Artificial Intelligence 104

Artificial Intelligence Data breaches Security Ransomware 104

The Last Watchdog

JUNE 2, 2022

Big banks and insurance companies instilled the practice of requesting their third-party vendors to fill out increasingly bloated questionnaires, called bespoke assessments, which they then used as their sole basis for assessing third-party risk. One leading provider is Denver, Colo.-based Related: A call to share risk assessments.

Security 248

Security Risk Digital transformation Cybersecurity 248

Thales Cloud Protection & Licensing

JUNE 15, 2023

A Guide to Key Management as a Service madhav Thu, 06/15/2023 - 11:29 As companies adopt a cloud-first strategy and high-profile breaches hit the headlines, securing sensitive data has become a paramount business concern. The most effective way to ensure data security is through encryption and proper key management.

Encryption 133

Encryption Compliance Cloud Authentication 133

DLA Piper Privacy Matters

JUNE 4, 2021

Increased scrutiny over connected car and automobile industry data from Chinese regulators, including push towards data localisation. China is a leading marketing for connected and autonomous vehicles, and use and analytics of connected vehicle data has been encouraged by Chinese Government support of big data and AI technology.

Big data 66

Big data Compliance Personal data Insurance 66

Krebs on Security

DECEMBER 7, 2019

A Colorado company that specializes in providing IT services to dental offices suffered a ransomware attack this week that is disrupting operations for more than 100 dentistry practices, KrebsOnSecurity has learned. Multiple sources affected say their IT provider, Englewood, Colo. “No help from my insurance. . ”

Ransomware 225

Ransomware IT Insurance Encryption 225

IBM Big Data Hub

MAY 1, 2023

In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. Soon after, AI’s capabilities extended to Speech and Natural Language processing, such as with IBM Watson, and for Image Recognition, which is now ubiquitously used for unlocking phones and other biometric security.

Artificial Intelligence 84

Artificial Intelligence Insurance Risk Personal data 84

IBM Big Data Hub

MAY 8, 2023

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. Technological risk—data confidentiality The chief technological risk is the matter of data confidentiality.

Insurance 74

Insurance Risk Artificial Intelligence Government 74

IT Governance

MARCH 20, 2024

In the UK, cyber security has been dropping down the board’s list of priorities. The UK government’s Cyber Security Breaches Survey 2023 confirms this trend. Fewer directors, trustees and other senior managers of both UK businesses and charities see cyber security as a high priority in 2023 compared to 2022. Specifically, a 13.4%

Security 116

Security Data breaches Government Insurance 116

IT Governance

OCTOBER 15, 2020

Cyber threats are so numerous that it’s impossible to prevent security incidents altogether. 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?

Insurance 122

Insurance Data breaches Risk Security 122

Rocket Software

AUGUST 17, 2020

Depending on what industry you’re in, your approach to security may be very different. For some sectors, like finance, security and data protection are top of mind for everything that is done. Financial services organizations typically experience the most data breaches and hacks, which makes security a priority.

Authentication 52

Authentication Financial Services Passwords Insurance 52

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 126

Insurance Ransomware Risk Data science 126

Thales Cloud Protection & Licensing

JANUARY 16, 2024

Such outsourcing of ICT services also requires a clear definition of responsibilities, risks and mitigation between financial entities and ICT third-party service providers. That includes banks, insurances, payment institutions, stock market, and many financial management firms (trading, crypt-assets, etc).

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

Data Protection Report

DECEMBER 4, 2023

Processing such data is often outsourced to a third-party data processing service provider. For example, third parties may be retained to perform payroll activities, store data in a centralized location, or send targeted advertisements to consumers.

Insurance 62

Insurance Privacy Compliance Personal data 62

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

Insurance 77

Insurance Authentication Risk Ransomware 77

IBM Big Data Hub

NOVEMBER 20, 2023

In 2023, organizations have faced an unprecedented level of pressure to digitally transform with the rise of generative AI as well as imperatives such as sustainability, labor productivity and security. With the rise of generative AI comes an influx of data.

Cloud 92

Cloud Digital transformation Data structuring Marketing 92

Reltio

JUNE 20, 2023

Every organization must solve daunting data challenges while managing risks, growing profits, and carefully monitoring costs. That’s why the quest for clean, connected, and actionable real-time data has become the linchpin of every successful digital transformation, even in this budget-constrained era.

MDM 98

MDM Cloud B2C B2B 98

IBM Big Data Hub

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 61

Insurance Cloud Digital transformation Customer Experience 61

IBM Big Data Hub

OCTOBER 30, 2023

In today’s digital age where data stands as a prized asset, generative AI serves as the transformative tool to mine its potential. Businesses globally recognize the power of generative AI and are eager to harness data and AI for unmatched growth, sustainable operations, streamlining and pioneering innovation.

Analytics 86

Analytics Retail Cloud Insurance 86

Data Matters

MARCH 28, 2022

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques. On March 17, 2022, the U.S.

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

IT Governance

AUGUST 25, 2022

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

Insurance 105

Insurance IT Government Risk 105

Data Matters

SEPTEMBER 7, 2022

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.

Insurance 78

Insurance Paper Privacy Risk 78

The Last Watchdog

OCTOBER 5, 2023

OneRep provides a consumer service that scrubs your personal information from Google and dozens of privacy-breaching websites. Byron is the founder and editor-in-chief of The Last Watchdog on Privacy & Security. Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies?

Cybersecurity 190

Cybersecurity Privacy Cloud IoT 190

The Last Watchdog

DECEMBER 5, 2018

The healthcare industry has poured vast resources into cybersecurity since 2015, when a surge of major breaches began. The compromised databases included names, addresses, dates of birth, insurance policy details, medical record numbers, account balances and dates of service — of both guarantors and patients. Weak links.

Data breaches 118

Data breaches Insurance Risk Ransomware 118

Security Affairs

JANUARY 23, 2024

The Black Basta ransomware gang claimed to have hacked the UK water utility Southern Water, a major player in the UK water industry. The company is a major player in the UK water industry, it employs over 6,000 people and has an annual turnover of over £1 billion. Black Basta posts UK water utility Southern Water. southernwater.co[.]uk

Encryption 127

Encryption Ransomware Blockchain Insurance 127

Hunton Privacy

AUGUST 2, 2021

The newly passed laws modify Connecticut’s existing breach notification requirements and establish a safe harbor for businesses that create and maintain a written cybersecurity program that complies with applicable state or federal law or industry-recognized security frameworks. New Breach Notification Requirements (HB 5310).

Cybersecurity 87

Cybersecurity Insurance Military Data Privacy 87

IBM Big Data Hub

SEPTEMBER 11, 2023

We are in the midst of an AI revolution where organizations are seeking to leverage data for business transformation and harness generative AI and foundation models to boost productivity, innovate, enhance customer experiences, and gain a competitive edge.

Customer Experience 114

Customer Experience Cloud Data migration Digital transformation 114

Security Affairs

DECEMBER 2, 2020

was hit by Ryuk ransomware in the middle of November and now has paid a ransom to avoid data leak. The attack did not affect the Learning Management System (“LMS”) that is used to provide educational content to students and to host student accounts. Online education giant K12 Inc. The education company Online education giant K12 Inc.

Education 130

Education Ransomware Insurance Access 130

Data Matters

SEPTEMBER 20, 2021

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

Insurance 88

Insurance e-Delivery Paper Sales 88

Security Affairs

JULY 6, 2020

Systems at Xchanging, a subsidiary of Global IT services and solutions provider DXC Technology was hit by ransomware over the weekend. Global IT services and solutions provider DXC Technology disclosed a ransomware attack that infected systems at its Xchanging subsidiary. Securities and Exchange Commission (SEC).

Ransomware 82

Ransomware Insurance Financial Services Manufacturing 82

The Last Watchdog

APRIL 30, 2019

I had the chance at RSA 2019 to visit with George Wrenn, founder and CEO of CyberSaint Security , a cybersecurity software firm that plays directly in this space. Prior to launching CyberSaint, Wrenn was CSO of Schneider Electric, a supplier of technologies used in industrial control systems. That could be for insurance purposes.

Cybersecurity 143

Cybersecurity Insurance Security Privacy 143

IBM Big Data Hub

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. One example of this is in insurance.

Financial Services 51

Financial Services Customer Experience Cloud Digital transformation 51

IT Governance

JUNE 30, 2022

Welcome to our June 2022 review of data breaches and cyber attacks. We identified 80 security incidents during the month, resulting in 34,908,053 compromised records. Meanwhile, be sure to subscribe to our Weekly Round-up to receive the latest cyber security news and advice delivered straight to your inbox. Data breaches.

Data breaches 136

Data breaches Ransomware Personal data Blockchain 136

IBM Big Data Hub

APRIL 24, 2024

An online retailer always gets users’ explicit consent before sharing customer data with its partners. A navigation app anonymizes activity data before analyzing it for travel trends. One cannot overstate the importance of data privacy for businesses today. The user can accept or reject each use of their data individually.

Data Privacy 71

Data Privacy Privacy GDPR Personal data 71