IT Governance

OCTOBER 15, 2020

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

Insurance Data breaches Risk Security 122

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 58

Insurance Cloud Digital transformation Customer Experience 58

The Last Watchdog

JULY 13, 2023

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

Risk Insurance Energy and Utilities Marketing 189

Data Matters

FEBRUARY 10, 2021

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.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

IBM Big Data Hub

SEPTEMBER 14, 2023

These requirements create a technical challenge for enterprises—especially in regulated industries (e.g., insurance, banking, healthcare, etc.)—to Enterprises in regulated industries have complex business processes (e.g., What are the different ways multicloud workloads can connect and communicate?

Cloud 73

Cloud Financial Services Insurance Compliance 73

Rocket Software

JUNE 16, 2022

In today’s digital world, the ability to reduce the risk of fraud is key for any industry, but especially so for health insurance providers and healthcare organizations. The post Mainframe automation and AI to detect risk of fraud in healthcare insurance: 4 key considerations appeared first on The Rocket Software Blog.

Insurance 84

Insurance Risk Digital transformation Marketing 84

The Security Ledger

OCTOBER 23, 2018

In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat. Read the whole entry. »

Insurance 40

Insurance Risk Digital transformation Ransomware 40

Data Matters

MAY 6, 2022

Digital health companies should take note of new data privacy and security developments under the Health Insurance Portability and Accountability Act (HIPAA) that can affect product planning and customer negotiations. What is Digital Health? RFI Regarding Recognized Security Practices.

Risk 88

Risk Cybersecurity Insurance Authentication 88

Hunton Privacy

FEBRUARY 25, 2021

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

Insurance 70

Insurance Cybersecurity Risk Education 70

The Last Watchdog

OCTOBER 5, 2023

Regular training and simulations can help reduce risks associated with human errors. Regular training and simulations can help reduce risks associated with human errors. What is the role of cybersecurity awareness training for a company’s employees? Regular awareness training for employees is indispensable.

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

KnowBe4

OCTOBER 5, 2023

Menlo Security warns that a social engineering campaign is using the EvilProxy phishing kit to target senior executives across a range of industries, including banking and financial services, insurance, property management and real estate, and manufacturing.

Phishing 98

Phishing Financial Services Insurance Manufacturing 98

Rocket Software

MAY 13, 2020

You use a freight train. Though I didn’t really get what the full impact was at the time, I’ve figured it out as I’ve worked in the IT industry, first as a programmer, then as a Systems Programmer and a DBA for z/OS. The post Mainframes, Freight Trains and Education Pains appeared first on The Rocket Software Blog.

Education 69

Education Retail Insurance IT 69

KnowBe4

MAY 16, 2023

[link] Munich Re: '3X Growth Estimated in Cyber Crime Costs Over the Next 4 Years' As cyber attacks continue to grow in sophistication and frequency, cyber insurers are expecting their market to double in the next two years. I've spent a lot of time here educating you on attack specifics, industry trends, and the impacts felt by attacks.

Phishing 81

Phishing Insurance Passwords Ransomware 81

Security Affairs

OCTOBER 30, 2023

62% of hackers plan to train their AI to specialize in the OWASP Top 10 for Large Language Models. The company reported that the automotive industry has seen the largest increase in bounties. The average bounty for all industries is $3,700 and goes up to $12,000 in the 90th percentile.

Blockchain 114

Blockchain Insurance Risk Security 114

eSecurity Planet

JUNE 7, 2022

Between high-profile ransomware attacks and mergers, it is a time of high stakes and great change for the industry. NINJIO Cybersecurity Awareness Training. NINJIO prepares organizations to defend against cyber threats through their engaging, video-based training courses. Top Cybersecurity Companies. Visit website.

Cybersecurity 124

Cybersecurity Encryption Cloud Insurance 124

IT Governance

FEBRUARY 15, 2022

Cyber insurance will become more popular and more comprehensive. It’s led to a growing trend for organisations to purchase cyber insurance, which Forbes contributor Emil Sayegh believes will continue in 2022. This market squeeze will certainly affect the cyber insurance industry itself. “We

Security 142

Security Insurance Authentication Passwords 142

Armstrong Archives

DECEMBER 19, 2023

Also, their policies must be tailored to their specific industry requirements and business size. Next, consult legal and industry-specific guidelines to determine the minimum retention periods. Training should cover how to classify, store, and eventually dispose of records according to the policy.

Compliance 52

Compliance Archiving Digital transformation Sales 52

IBM Big Data Hub

FEBRUARY 14, 2024

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.

Artificial Intelligence 84

Artificial Intelligence Retail Unstructured data Insurance 84

IT Governance

MARCH 20, 2024

Better yet, small UK organisations achieving certification could receive cyber insurance with a total liability limit of £25,000 – a substantially higher sum than the cost of implementation for most eligible organisations. Cyber security assessor Ashley Brett provides expert insight into Cyber Essentials in this interview.

Security 116

Security Data breaches Government Insurance 116

OpenText Information Management

MAY 10, 2024

Examples include names, mailing addresses, phone numbers, social insurance numbers, and credit card details. When implementing GenAI and training language models (LLMs), businesses face the challenge of accidentally including PII in the training data. Training Data Stores Protection: Safeguard access to training data stores.

Security 57

Security Artificial Intelligence Privacy Compliance 57

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

IBM Big Data Hub

FEBRUARY 13, 2024

The quality of outputs depends heavily on training data, adjusting the model’s parameters and prompt engineering, so responsible data sourcing and bias mitigation are crucial. Imagine training a generative AI model on a dataset of only romance novels. Teamwork: Assemble a team with expertise in AI, data science and your industry.

Artificial Intelligence 121

Artificial Intelligence Marketing Sales Communications 121

KnowBe4

MARCH 28, 2023

Security awareness training still has a place to play here." New-school security awareness training with simulated phishing tests enables your employees to recognize increasingly sophisticated phishing attacks and builds a strong security culture. Get a look at THREE NEW FEATURES and see how easy it is to train and phish your users.

Phishing 84

Phishing Security awareness Insurance Cybersecurity 84

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

eSecurity Planet

OCTOBER 18, 2022

Assessing AI and Security Training. The survey also found almost unanimous faith in the benefits of security awareness training: Fully 96 percent of respondents believe training can bring about long-term, positive changes to their employees’ cybersecurity behavior. What Should Security Buyers Do?

IT 120

IT Security Cybersecurity Marketing 120

eSecurity Planet

SEPTEMBER 14, 2022

Cybercrime is a growth industry like no other. A major focus of cybersecurity as an industry is its efforts to detect, root out, and respond to potential fraudsters attempting to trick companies and people out of their money, data, or both. Finance and insurance finished a close second at 22.4%. billion in reported losses.

Energy and Utilities 117

Energy and Utilities Phishing Blockchain Cybersecurity 117

KnowBe4

MAY 31, 2023

CyberheistNews Vol 13 #22 | May 31st, 2023 [Eye on Fraud] A Closer Look at the Massive 72% Spike in Financial Phishing Attacks With attackers knowing financial fraud-based phishing attacks are best suited for the one industry where the money is, this massive spike in attacks should both surprise you and not surprise you at all.

Phishing 77

Phishing File names Security awareness Risk 77

CGI

DECEMBER 7, 2017

Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). In my previous blog , I introduced findings from in-person interviews CGI held in 2017 with more than 1,300 client executives across 17 countries, including insurance business and IT executives. Extending the industry value chain (69%).

Insurance 40

Insurance Digital transformation Artificial Intelligence GDPR 40

CGI

DECEMBER 5, 2017

Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). In my previous blog , I introduced findings from in-person interviews CGI held in 2017 with more than 1,300 client executives across 17 countries, including insurance business and IT executives. Extending the industry value chain (69%).

Insurance 40

Insurance Digital transformation Artificial Intelligence GDPR 40

Security Affairs

AUGUST 16, 2023

Starting from May 2023, researchers from Cofense discovered a large-scale phishing campaign using QR codes in attacks aimed at stealing the Microsoft credentials of users from multiple industries One of the organizations targeted by hackers is a notable energy company in the US. ” reads Cofense’s report.

Phishing 84

Phishing Energy and Utilities Insurance Manufacturing 84

eSecurity Planet

AUGUST 9, 2022

are subject to laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (the HITECH Act), as well as regulations such as the Clinical Laboratory Improvements Amendments (CLIA). See the Best Cybersecurity Awareness Training for Employees.

Data Privacy 145

Data Privacy Compliance Privacy Security 145

OpenText Information Management

APRIL 4, 2024

As B2B SaaS companies gained popularity in the early 2000s, vendors faced a challenge: neglecting customer training and retention led to frustrated users grappling with complex software, resulting in higher churn rates and reduced profitability. What is customer success? Customer success grew out of the boom in SaaS companies.

Sales 62

Sales B2B Communications Insurance 62

Reltio

FEBRUARY 22, 2024

Last year represented a watershed moment for us, with major new product launches, high-profile industry recognition, and increased growth in new customers. Product and AI Innovation Last year was marked by our continued success in rapidly delivering tailored solutions to customers across industries. As measured by revenue, as of 2024.

Customer Experience 52

Customer Experience MDM Healthcare Digital transformation 52

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

IBM Big Data Hub

MAY 28, 2024

Government regulations, such as the General Data Protection Regulation (GDPR), and industry regulations, such as the Health Insurance Portability and Accounting Act (HIPAA), oblige companies to protect their customers’ personal data. Data breach victims also frequently face steep regulatory fines or legal penalties.

Data breaches 64

Data breaches GDPR Compliance Encryption 64

eDiscovery Daily

AUGUST 4, 2023

Privacy and security concerns with sensitive and confidential information and staying compliant with jurisdiction-specific laws and regulations like the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA) is an ongoing challenge. Educate and train staff.

Government 58

Government Access Insurance GDPR 58

AIIM

MAY 5, 2020

The goals of digitalization vary among industries. For example, an oil and gas company will not have the same objectives as an insurance provider. This means thoroughly exploring all of your options, researching the most useful digital technologies in your industry, and developing new initiatives rooted in them.

Digital transformation 179

Digital transformation Customer Experience Insurance Education 179