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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. For the insurance industry, working with clients to help them tackle these challenges is vital to ensuring businesses operate in as safe an environment as possible.

Risk 189
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The most valuable AI use cases for business

IBM Big Data Hub

But right now, pure AI can be programmed for many tasks that require thought and intelligence , as long as that intelligence can be gathered digitally and used to train an AI system. Generative AI can produce high-quality text, images and other content based on the data used for training. We’re all amazed by what AI can do.

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Record Retention Policy for Businesses: A Strategic Guide to Compliance and Efficiency

Armstrong Archives

Also, their policies must be tailored to their specific industry requirements and business size. For instance, a small healthcare provider would need to retain patient records for a different duration than a retail business would need to keep sales invoices.

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FIN8 group used a previously undetected Sardonic backdoor in a recent attack

Security Affairs

The group focuses on organizations in the insurance, retail, technology, and chemical industries in the U.S., The group has been active since 2016, it leverages known malware such as PUNCHTRACK and BADHATCH to infect PoS systems and steal payment card data. Canada, South Africa, Puerto Rico, Panama, and Italy.

Retail 126
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Conversational AI use cases for enterprises

IBM Big Data Hub

DL models can improve over time through further training and exposure to more data. Organizations across industries increasingly benefit from sophisticated automation that better handles complex queries and predicts user needs. Popular real-world industry uses of conversational AI There is no shortage of examples of conversational AI.

Analytics 105
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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

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.

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6,009,014 MovieBoxPro Accounts Breached in Another Data Scraping Incident

IT Governance

Source 1 ; source 2 (Update) Insurance USA Yes 75,101 Airsoftc3.com Source 1 ; source 2 (Update) Insurance USA Yes 75,101 Airsoftc3.com Source (New) IT services USA Yes 1,382 Worthen Industries Source 1 ; source 2 (Update) Manufacturing USA Yes 1,277 R.J. The company is well aware of this problem, but doesn’t seem to care.”