Data Protection Report

FEBRUARY 2, 2024

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing. Actual Actuarial Validity.

Insurance 78

Insurance Artificial Intelligence Risk Compliance 78

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. Artificial intelligence applied to insurance The insurance industry has always made extensive use of data and algorithms, such as in the calculation of insurance premiums. It has taken the world by storm.

Artificial Intelligence 79

Artificial Intelligence Insurance Risk Personal data 79

Data Protection Report

MARCH 21, 2023

2] In this context, the Directorate General of the French Treasury has put forward a plan of action with a view to clarifying the cyber-insurance legal framework, better gauging cyber-risks, and enhancing companies’ awareness as regards cyber-risks. 12-10-1 into the French Insurance code. However, in the end, Article L.12-10-1

Insurance 105

Insurance Data breaches Personal data GDPR 105

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. Artificial intelligence (AI) is polarizing. It excites the futurist and engenders trepidation in the conservative.

Insurance 72

Insurance Risk Artificial Intelligence Government 72

Krebs on Security

APRIL 15, 2019

The source also said Wipro is now telling concerned clients about specific “indicators of compromise,” telltale clues about tactics, tools and procedures used by the bad guys that might signify an attempted or successful intrusion. Wipro has refused to respond to questions about the alleged incident. On Friday, Apr.

IT 268

IT Insurance Communications Phishing 268

Rocket Software

MARCH 14, 2022

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. Scanning paper documents is a manual, time consuming process with high labor and hardware costs.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

Data Breach Today

JANUARY 18, 2023

AI Tools are Tempting Productivity Aides for Clinicians, But What Are the Patient Data Risks? Healthcare workers should think twice about using AI tools such as ChatGPT as a productivity booster, privacy experts warned after a Florida doctor publicized on TikTok how he used it to write a letter to an insurer arguing for patient coverage.

Risk 130

Risk Insurance Privacy IT 130

The Last Watchdog

MAY 30, 2024

This approach contrasts with static scanning tools that have come along from the big name IAM solution providers, like Okta and CyberArk, Amin and Nicholas told me. We spoke to major banks, insurance companies, and even small businesses,” Nicholas says. The idea for Anetac derived from asking companies about their pain points. “We

130

130

eSecurity Planet

AUGUST 27, 2021

In a developing market, third-party risk management (TPRM) software and tools could be the answer to helping organizations fill the gap. This article looks at the top third-party risk management vendors and tools and offers a look into TPRM solutions and what buyers should consider before purchasing. Aravo TPRM. OneTrust Vendorpedia.

Risk 130

Risk Compliance Marketing Cybersecurity 130

IBM Big Data Hub

OCTOBER 2, 2023

The FertilityAnswers Bot is a powerful tool that helps people with fertility concerns get the information they need to help them make decisions about their healthcare. Ovum Health’s platform provides medical software, clinical decision support, advanced lab testing and analytics to deliver a personalized approach to a healthy pregnancy.

Insurance 91

Insurance Libraries Analytics Marketing 91

IT Governance

JULY 15, 2019

Cyber insurance is big business these days. Damages incurred by information security incidents generally aren’t covered in commercial insurance policies, so a specific policy is necessary to help cover the costs of things like forensic investigation, incident response and notification procedures. Conduct regular vulnerability scans.

Insurance 89

Insurance Data breaches Risk Information Security 89

eSecurity Planet

OCTOBER 18, 2022

The bad news is it doesn’t work most of the time: Paid ransom decryption tools and keys don’t always work. Free decryption tools don’t always work. Paid decryption tools don’t always work. First, call the cyber insurance company that issued the organization’s cybersecurity policy. Ransomware Decryption Tool Options.

Ransomware 145

Ransomware Encryption Insurance Access 145

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147

Risk Financial Services Insurance Cybersecurity 147

eSecurity Planet

AUGUST 4, 2023

Partners of Partners: Best for Product-focused Vendors A buyer can also reach out through established vendor relationships for IT tools or check IT tool websites to obtain information on potential outsourcing partners. Even a robust IT or security department will find certain tasks or projects beyond their capabilities.

IT 98

IT Compliance Cybersecurity Communications 98

Rocket Software

NOVEMBER 19, 2020

As our CEO Andy Youniss noted in his letter earlier this month, ConnectIQ is “a robotic process automation (RPA) tool for mainframe environments, and helps companies create new efficiencies by automating the most often repeated, most labor-intensive functions.” . You may not have heard, but Rocket recently acquired ConnectIQ. The post Busy?

Insurance 68

Insurance Financial Services Sales Government 68

Security Affairs

JANUARY 19, 2024

According to the Ransomlooker tool, the number of ransomware attack victims increased by 128.17% compared to the previous year (2022), with 1837 additional incidents. Ransomware groups claimed that they successfully targeted 4191 victims in 2023, Cybernews researchers report. Winter was the least active time (14.6%

Ransomware 122

Ransomware Manufacturing Retail Insurance 122

eSecurity Planet

JANUARY 21, 2021

Data privacy regulations like the EU’s General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA) can be hard to navigate for businesses of any size, but GRC tools can simplify and streamline compliance with all of the requirements. Contents: Top GRC tools comparison. Top GRC tools comparison.

Compliance 67

Compliance Risk Government Retail 67

Security Affairs

FEBRUARY 12, 2024

The Canadian government is going to ban the tool Flipper Zero because it is abused by crooks to steal vehicles in the country. The Canadian government announced that it plans to ban the tool Flipper Zero , and similar hacking devices, to curb the surge in car thefts. “Criminals have been using sophisticated tools to steal cars.

Sales 102

Sales Government Insurance IT 102

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

Rocket Software

FEBRUARY 10, 2021

The mission-critical technology powering banking, airlines, insurance companies, the hospitality industry, delivery services, and more, IBM Information Management System, better known as “IMS,” processes an estimated 265 billion transactions today. In fact, if you live a modern life, it’s pretty much impossible not to interact with it.

Analytics 52

Analytics Insurance Access IT 52

Security Affairs

JANUARY 2, 2024

A team of researchers released a suite of tools that could help victims to decrypt data encrypted with by the Black Basta ransomware. A joint research by Elliptic and Corvus Insurance revealed that the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. ” continues the researchers.

Ransomware 118

Ransomware Encryption Blockchain Insurance 118

Hunton Privacy

OCTOBER 14, 2019

The SAFETY Act, administered by the Department of Homeland Security, is coming of age as an important tool to reduce risk and limit liability. A SAFETY Act designation or certification complements a company’s traditional insurance policies to mitigate the potential liabilities from a cyber or physical attack.

Insurance 49

Insurance Security Retail Risk 49

eSecurity Planet

OCTOBER 18, 2022

Still, just 32 percent said creating a culture of security is the key driver for their security awareness training (SA&T) program, compared to 67 percent who are more focused on regulatory compliance and 62 percent who conduct training simply to meet cyber insurance requirements. Assessing AI and Security Training.

IT 123

IT Security Cybersecurity Marketing 123

Krebs on Security

AUGUST 17, 2023

The INTERPOL statement says the platform sold hacking tools to compromise more than 70,000 users in 43 countries. “Depending on location, 16Shop will also collect ID numbers (including Civil ID, National ID, and Citizen ID), passport numbers, social insurance numbers, sort codes, and credit limits,” McAfee wrote.

Phishing 198

Phishing Passwords Insurance Sales 198

IT Governance

DECEMBER 14, 2021

Services typically come with a dedicated team of experts, tools, training and support that can be deployed immediately, protecting you from a range of threats. You’ll receive cyber insurance cover ?. Many cyber-security-as-a-service offerings include cyber insurance as part of the package. You’ll save money.

Security 131

Security Insurance Data breaches Information Security 131

eSecurity Planet

MARCH 18, 2022

Even though drafting IT security policies can be a pain, formal policies provide a valuable resource to protect both the IT team and their organization. In this article, we’ll briefly touch on what policies are; tips for writing them; and the advantages policies provide for compliance, transitions, and IT team liability. Implemented IT Policies.

IT 123

IT Compliance Security Access 123

AIIM

JULY 22, 2021

For many businesses, content and data capture tools are highly sought out, particularly in the banking and insurance sectors. However, now robotic process automation (RPA) is matching the features IDP tools offer and throwing their hat into the data capture ring. How RPA Is Matching IDP Technology. Here RPA would be your go to.

Unstructured data 254

Unstructured data Information capture Insurance Compliance 254

Krebs on Security

NOVEMBER 4, 2021

com — from a desktop web browser redirects the visitor to a harmless page with ads for car insurance quotes. .” com — from a desktop web browser redirects the visitor to a harmless page with ads for car insurance quotes. “It is a nearly perfect attack vector at this time of year,” Morton said.

Phishing 313

Phishing Insurance Passwords Privacy 313

The Last Watchdog

OCTOBER 5, 2023

Byron: To detect deep fakes, organizations can use digital watermarking, AI-driven detection tools, and media provenance tracking. Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies? What factors should organizations consider when selecting a cyber insurance policy?

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

eSecurity Planet

JULY 12, 2022

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Also read: Top 8 Cyber Insurance Companies for 2022 Best Ransomware Removal and Recovery Services. Most had been infected.

Ransomware 144

Ransomware Insurance Cybersecurity Passwords 144

Security Affairs

NOVEMBER 12, 2023

The State of Maine was the victim of the large-scale hacking campaign that targeted organizations using the MOVEit file transfer tool. The attackers also gained access to medical information and health insurance information of some individuals. million Teachers Insurance and Annuity Association of America 2.6 million Genworth 2.5

Data breaches 111

Data breaches Insurance Education Cybersecurity 111

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

Troy Hunt

NOVEMBER 14, 2023

That's the context that accompanied a massive trove of data that was sent to me 2 years ago now. I looked into it, tried to attribute and verify it then put it in the "too hard basket" and moved onto more pressing issues. One of the first things I do after receiving a data breach is to literally just Google it: acuity data breach.

Insurance 122

Insurance Data breaches Mining IT 122

CGI

SEPTEMBER 5, 2018

UK Honey Bees and Insurance; an existential threat in the wings? There is of course one difference between the hive and the Insurance sector – the ability to respond. Wed, 09/05/2018 - 04:28.

Insurance 40

Insurance Sales Marketing IT 40

IT Governance

MARCH 20, 2024

Your odds worsen if you don’t keep up with the latest threats and vulnerabilities Many attackers use automated tools to find their victims, targeting vulnerabilities rather than organisations. Conduct vulnerability scanning Automated vulnerability scanning tools check for missed patches, misconfigurations and other vulnerabilities.

Security 116

Security Data breaches Government Insurance 116

AIIM

JULY 22, 2021

For many businesses, content and data capture tools are highly sought out, particularly in the banking and insurance sectors. However, now robotic process automation (RPA) is matching the features IDP tools offer and throwing their hat into the data capture ring. How RPA Is Matching IDP Technology. Here RPA would be your go to.

Unstructured data 190

Unstructured data Information capture Insurance Compliance 190

The Last Watchdog

MARCH 20, 2023

The rise of social media has added to the many user-friendly digital tools scammers, sextortionists, and hackers can leverage in order to manipulate their victims. Exploitation drivers From the case of Hegestratos committing insurance fraud by sinking a ship in 300 B.C.,

Cybersecurity 214

Cybersecurity Education Insurance Data breaches 214