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Merck settles with insurers regarding a $1.4 billion claim over NotPetya damages

Security Affairs

Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 It is one of the largest pharmaceutical companies globally, engaged in the research, development, manufacturing, and marketing of a wide range of healthcare products. billion claim against the insurers.

Insurance 116
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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. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

Risk 161
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Episode 158: How NotPetya has Insurers grappling with Systemic Cyber Risk

The Security Ledger

We talk to Bruce McDonnell of the East West Institute about how insurers are responding. Related Stories Episode 155: Disinformation is a Cyber Weapon and APTs warm to Mobile Malware Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats NotPetya Horror Story Highlights Need for Holistic Security.

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Autonomous Vehicles – Canada’s Current Legal Framework: Privacy (Part 4)

Data Protection Report

Across the globe, the race is already underway among vehicle manufacturers to develop fully autonomous vehicles (AVs). In this post, we will describe some of the risks introduced by personal information collection, and some of the legal obligations of vehicle manufacturers in protecting their customers’ privacy.

Privacy 85
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The Week in Cyber Security and Data Privacy: 5 – 11 February 2024

IT Governance

Compromised data includes policyholders’ and their families’ civil status, dates of birth and social security numbers, as well as the name of their health insurer and information relating to their contracts. TB JP Original Corp Source New Manufacturing USA Yes 1.2 TB JP Original Corp Source New Manufacturing USA Yes 1.2

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The Week in Cyber Security and Data Privacy: 1 – 7 January 2024

IT Governance

million people was compromised, including names, addresses, dates of birth, Social Security numbers, taxpayer identification numbers, medical information, health insurance information, and billing and claims information. KG Source 1 ; source 2 (New) Manufacturing Germany Yes 1.1 Information relating to nearly 4.5

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Time and tide waits for no man – IoT in Insurance

CGI

Time and tide waits for no man – IoT in Insurance. This old saying could also be applied for what is happening in the insurance market with IoT and that given the drive behind IoT in both the consumer and business markets. For example, car insurance could be varied between theft and fully comprehensive when the Car is not being used.