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. It represents AI that can sift through data and divide them into classes (of attributes) by learning the boundaries. In the late 18 th century, The Turk, a chess playing machine captured the attention of the world.

Artificial Intelligence 83

Artificial Intelligence Insurance Risk Personal data 83

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage. Cyber Insurance is Booming.

Insurance 114

Insurance Ransomware Cybersecurity Marketing 114

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

Hunton Privacy

MAY 29, 2020

The implementation of Thailand’s Personal Data Protection Act B.E. If any data controller is unsure as to whether it falls within the scope of those listed in the Royal Decree as being exempt from compliance with the PDPA until May 31, 2021, it may seek advice from the Personal Data Protection Committee.

Personal data 84

Personal data Compliance Insurance IT 84

Hunton Privacy

JANUARY 5, 2024

Background The case related to the processing of an incapacitated employee’s personal data, including health data, by the medical service provider (“MDK”) of a health insurance fund in Germany. Under applicable law, the MDK draws up reports on the capacity of individuals insured by the health insurance fund to work.

GDPR 125

GDPR Personal data Insurance Access 125

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

Data Breach Today

FEBRUARY 1, 2021

Hackers Tampered With Some Data That Was Exposed An organization that administers a children’s dental and health insurance program in Florida took down its online application platform after it discovered the company that hosted its website apparently failed to address vulnerabilities over a seven-year period, resulting in the exposure of personal data. (..)

Insurance 255

Insurance Personal data IT 255

Security Affairs

JUNE 16, 2020

A database allegedly belonging to Ariix Italia was exposed online on an unsecured Amazon S3 bucket, it includes 30,000+ Italian sales agents’ personal data. What data is in the bucket? At the time of discovery, the data bucket contained 7,515 PDF and 25,895 JPG files. SecurityAffairs – Ariix Italia, Data Leak).

Sales 96

Sales Personal data Insurance Marketing 96

Data Breach Today

NOVEMBER 7, 2022

Group Claiming Affiliation With REvil Threatens to Release Data Embattled Australian private health insurer Medibank says it won't pay hackers' extortion demand, saying it can't trust cybercriminals to delete personal data. million individuals.

Insurance 130

Insurance Personal data Ransomware IT 130

IT Governance

NOVEMBER 17, 2022

The Australian health insurance giant fell victim to ransomware in October, as a result of which the personal data of 9.7 In most cases, basic personal information – such as their name, date of birth, email address, phone number and gender – was exposed. million current and former customers was compromised.

IT 107

IT Ransomware Security Data breaches 107

Dark Reading

AUGUST 16, 2023

This time, it's the law firm that got breached, then sued for what victims claim was inadequate protection and compensation for theft of personal data.

Data breaches 73

Data breaches Insurance Personal data IT 73

Data Protection Report

FEBRUARY 27, 2020

Given the level of interest in the case, we have prepared a deeper-dive into the facts and the implications of the decision, with a focus on the important role played in the case by cyber insurance. Until recently, there had not been an example of a cyber insurer actively participating in a recovery action. This is set out below.

Insurance 81

Insurance Risk Data breaches Personal data 81

Krebs on Security

MAY 23, 2020

states are possibly making it easier for crooks by leaking their citizens’ personal data from the very websites the unemployment scammers are using to file bogus claims. Meanwhile, a number of U.S. Last week, the U.S. But now because of the pandemic, there’s no such requirement. ” CANARY IN THE GOLDMINE.

Insurance 328

Insurance Government Personal data Communications 328

Hunton Privacy

APRIL 18, 2023

SB 5’s protections would apply to residents of Indiana who act for a personal, family or household purpose, with express exemption for individuals acting in a commercial or employment context. SB 5 now will head to Governor Eric Holcomb for a final signature, where he will have seven days upon transmission to sign SB 5 into law or veto it.

Privacy 132

Privacy Personal data Sales Insurance 132

Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in $6.2 billion in 2019.

Insurance 290

Insurance Financial Services Mining Access 290

Hunton Privacy

JULY 1, 2022

In its consent order , the Department noted that the cybersecurity events had caused the exposure of a substantial amount of sensitive personal data belonging to Carnival’s customers, including those residing in New York. NYDFS also found that Carnival had failed to implement basic protocols to prevent data breaches.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Security Affairs

JANUARY 23, 2024

The man is responsible for the cyber attacks that in 2022 hit the Australian insurance provider Medibank. “ In November 2022, Medibank announced that personal data belonging to around 9.7M “ In November 2022, Medibank announced that personal data belonging to around 9.7M million customers.

Government 98

Government Insurance Ransomware Data breaches 98

Security Affairs

APRIL 16, 2024

The Dark Angels (Dunghill) ransomware group claims responsibility for hacking chipmaker Nexperia and stealing 1 TB of the company’s data. According to the announcement, the stolen data includes: - 285 Gb of quality control data - 24 Gb - 896 client folders, many famous brands like SpaceX, IBM, Apple, Huawei, etc. -

Ransomware 110

Ransomware Manufacturing Insurance Cybersecurity 110

Hunton Privacy

FEBRUARY 29, 2024

It filed a breach report with OCR in February 2019, which then investigated the organization’s data practices starting in December 2019. This marks the second such settlement with a HIPAA-regulated entity for violations that were discovered following a ransomware attack, according to HHS. Investigate all likely policy violations.

Ransomware 111

Ransomware Personal data Risk Privacy 111

Krebs on Security

JANUARY 29, 2021

The unprecedented volume of unemployment insurance fraud witnessed in 2020 hasn’t abated, although news coverage of the issue has largely been pushed off the front pages by other events. The scammers typically use stolen identity data to claim benefits, and then have the funds credited to an online account that they control.

Insurance 297

Insurance Personal data Authentication IT 297

Security Affairs

NOVEMBER 8, 2022

Australian health insurer Medibank confirmed that personal data belonging to around 9.7 Medibank announced that personal data belonging to around 9.7M Medibank is one of the largest Australian private health insurance providers with approximately 3.9 ” concludes the data breach notice.

Ransomware 90

Ransomware Insurance Personal data Data breaches 90

IT Governance

MAY 30, 2018

A report published by research and consultancy company Celent highlights the challenges that the GDPR presents to insurers. Insurers are data controllers: a person, public authority, agency or body that determines the purpose of processing personal data. Steps insurers should take to become GDPR compliant.

Insurance 49

Insurance GDPR Compliance Data collection 49

Hunton Privacy

MARCH 24, 2022

Similar to the CPA and VCDPA, the UCPA contains exemptions for covered entities, business associates and protected health information subject to the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”), and financial institutions or personal data subject to the Gramm-Leach-Bliley Act (“GLB”).

Privacy 113

Privacy Personal data Sales B2B 113

DLA Piper Privacy Matters

MAY 17, 2018

DLA Piper and Aon have launched a guide ‘ The price of data security ‘, ahead of the General Data Protection Regulation (GDPR), effective from 25 May 2018. The guide reviews the insurability of GDPR fines across Europe, which can reach up to €20 million or, if higher, up to 4% of a group’s annual global turnover.

Insurance 45

Insurance GDPR Data breaches Personal data 45

Hunton Privacy

MAY 10, 2022

On May 10, 2022, Connecticut Governor Ned Lamont signed An Act Concerning Personal Data Privacy and Online Monitoring , after the law was previously passed by the Connecticut General Assembly in April. Connecticut is now the fifth state to enact a consumer privacy law.

Privacy 118

Privacy Personal data Sales B2B 118

Security Affairs

JANUARY 19, 2024

Now the company confirmed attackers stole corporate and personal information impacting 35.5 “Based on VF’s preliminary analysis from its ongoing investigation, VF currently estimates that the threat actor stole personal data of approximately 35.5 million customers. million individual consumers.”

Data breaches 114

Data breaches Passwords Retail Insurance 114

Hunton Privacy

JULY 12, 2023

Consumer” means a natural person who resides in Oregon and acts in any capacity other than in a commercial or employment context. Thus, like most other comprehensive state privacy laws, employee data and business-to-business data are excluded from the scope of the OCPA.

Privacy 52

Privacy Personal data Insurance Sales 52

Hunton Privacy

MARCH 17, 2023

Controller Obligations Controllers would be required to implement reasonable security practices, provide a compliant privacy notice to consumers and enter into agreements with processors that handle the controller’s personal data. These rights notably exclude a right to correct inaccurate personal data.

Privacy 72

Privacy Personal data Sales Insurance 72

IT Governance

OCTOBER 24, 2023

Records breached: Unknown, but sensitive personal data was probably breached. BHI Energy Announces Data Breach Affecting Confidential Information of 91k Individuals Date of breach: 29 June 2023 (filed notice with the Attorney General of Maine on 18 October 2023). This includes employee data. Records breached: Unknown.

Data Privacy 107

Data Privacy Privacy Security Data breaches 107

Data Protection Report

JULY 28, 2021

Pursuant to the court’s decision, Article 15 GDPR also covers information already known about the data subject, previous correspondence and notes of internal processes or internal communications related to the data subject. The defendant was a life insurance company and the claimant their insured.

Access 128

Access GDPR Personal data Insurance 128

Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 62

Insurance Risk Marketing Cybersecurity 62

Privacy and Cybersecurity Law

SEPTEMBER 15, 2021

Artificial intelligence feeds on data: both personal and non-personal. To be considered a high-quality dataset, the personal data included therein must be processed in accordance with the GDPR. This is a fundamental goal of both the proposal and the GDPR. …and more.

Artificial Intelligence 52

Artificial Intelligence Personal data GDPR Compliance 52

Security Affairs

DECEMBER 11, 2023

Toyota Financial Services (TFS) disclosed a data breach, threat actors had access to sensitive personal and financial data. Toyota Financial Services (TFS) is warning customers it has suffered a data breach that exposed sensitive personal and financial data. Affected customers have now been informed.

Financial Services 113

Financial Services Data breaches Ransomware Insurance 113

IT Governance

NOVEMBER 6, 2023

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Compromised information included patients’ names, dates of birth, postal addresses, Social Security numbers, diagnosis and treatment information, and health insurance information.

Data Privacy 97

Data Privacy Privacy Libraries Security 97

Security Affairs

JULY 21, 2021

Experts found a DB containing sensitive health insurance data belonging to customers of US insurance giant Humana. An SQL database containing what appears to be highly sensitive health insurance data of more than 6,000 patients has been leaked on a popular hacker forum. Who had access to the data?

Insurance 113

Insurance Passwords Libraries Access 113

IT Governance

AUGUST 3, 2020

After mammoth amounts of personal data were leaked in May and June, we’ve seen a reversion to the mean this month. Bitcoin scam leaks personal data of users from across the globe (248,926). Canadian insurer Heartland Farm Mutual says an employee’s email account breached (unknown). Ransomware.

Data breaches 141

Data breaches Insurance Ransomware Personal data 141

DLA Piper Privacy Matters

APRIL 8, 2019

This fragmentation has, unsurprisingly, lead to a heavy administrative burden for the secondary users of social and health care data by parallel and slow licence procedures with various authorities. The decisions on licenses are subject to an appeal.

Personal data 68

Personal data GDPR Healthcare Compliance 68