IT Governance

MAY 24, 2022

Organisations must always look for cost-effective ways to address the cyber security risks they face. With more than 1,200 publicly disclosed data breaches last year , and organisations spending almost £3 million on average responding to security incidents , effective risk management is a top priority. The benefits of cyber insurance.

Insurance 137

Insurance Data breaches GDPR Ransomware 137

Thales Cloud Protection & Licensing

MARCH 5, 2023

In the fragmented insurance landscape, let’s unify customer experience divya Mon, 03/06/2023 - 06:13 You may think of an insurance company as a singularly-focused entity, offering protection for one product. However, the insurance business reaches across a disparate range of consumer products. To add to the challenge, a.s.r.

Customer Experience 71

Customer Experience Insurance B2C B2B 71

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

Insurance 80

Insurance Risk Cybersecurity Ransomware 80

Krebs on Security

JULY 21, 2023

But one aspect of that vaunted list that hasn’t shifted much since is that very few of these companies list any security professionals within their top executive ranks. For example, 88 percent listed a Director of Human Resources (or “Chief People Officer”), and 37 out of 100 included a Chief Marketing Officer.

Security 211

Security Risk Insurance Cybersecurity 211

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

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 59

Insurance Cloud Digital transformation Customer Experience 59

IBM Big Data Hub

DECEMBER 4, 2023

This approach can accelerate speed-to-market by providing enhanced capabilities for developing innovative products and services, facilitating business growth and improving the overall customer experience in their interactions with the company.

Insurance 56

Insurance Digital transformation Compliance Cloud 56

IT Governance

AUGUST 25, 2022

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

Insurance 105

Insurance IT Government Risk 105

Schneier on Security

SEPTEMBER 10, 2019

Good paper on cybersecurity insurance: both the history and the promise for the future. From the conclusion: Policy makers have long held high hopes for cyber insurance as a tool for improving security. Cyber insurance appears to be a weak form of governance at present.

Insurance 83

Insurance Cybersecurity Risk Paper 83

Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. In the last 20+ years, cybersecurity insurance has added risk transference to the available palette of palliative choices. I recently spoke with Neira Jones and Danna Bethlehem about how cybersecurity insurance can work to help an organization. regulations.

Insurance 71

Insurance Cybersecurity Cleanup Ransomware 71

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. The Framework.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

Krebs on Security

APRIL 26, 2021

Last week, KrebsOnSecurity heard from a reader who had his freeze thawed without authorization through Experian’s website, and it reminded me of how truly broken authentication and security remains in the credit bureau space. “They’re allowing this huge security gap so they can make a profit. .” and $24.99

Security 318

Security Authentication Access Insurance 318

Security Affairs

MAY 13, 2024

They have a range of market insurance products backed by international company, Allianz Group. “As soon as we detected thè incident, we took steps to immediately secure our System. We also engaged cyber security experts to assist us with our investigation. “It is important to note that our systems are secure.

Data breaches 99

Data breaches Insurance Ransomware Authentication 99

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

eSecurity Planet

FEBRUARY 14, 2023

I remember the first time we were asked for a SOC 2 report, which quickly became the minimum bar requirement in our industry for proof of an effective security program,” he said. The vision was to automate security and compliance across 14 frameworks, including SOC 2, ISO 27001, HIPAA and GDPR. Growth has definitely been robust. “Our

Compliance 119

Compliance Security Cybersecurity Marketing 119

eSecurity Planet

OCTOBER 18, 2022

The vast majority of cybersecurity decision makers – 91 percent, in fact – find it difficult to select security products due to unclear marketing, according to the results of a survey of 800 cybersecurity and IT decision makers released today by email security company Egress. Assessing AI and Security Training.

IT 121

IT Security Cybersecurity Marketing 121

Security Affairs

AUGUST 8, 2021

It’s especially unusual for a previously unknown market player. Further research revealed that the post was nothing but a very bold ad to scale up the user base of newly established card shop All World Cards, which joined the carding market in May 2021. Since the creation of the market 2 months ago, more than 3.8

Marketing 130

Marketing Sales IT Insurance 130

The Last Watchdog

JUNE 2, 2022

Big banks and insurance companies instilled the practice of requesting their third-party vendors to fill out increasingly bloated questionnaires, called bespoke assessments, which they then used as their sole basis for assessing third-party risk. It does this by ingesting and correlating data from a wide array of security-related datasets.

Security 266

Security Risk Digital transformation Insurance 266

Krebs on Security

DECEMBER 18, 2018

Virtually all companies like to say they take their customers’ privacy and security seriously, make it a top priority, blah blah. That’s because very few of the world’s biggest companies list any security executives in their highest ranks. Nor is the average pay hugely different among all three roles.

Security 221

Security Marketing Cybersecurity Data breaches 221

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

The Last Watchdog

APRIL 30, 2019

I had the chance at RSA 2019 to visit with George Wrenn, founder and CEO of CyberSaint Security , a cybersecurity software firm that plays directly in this space. Then you have the folks whose security programs have run out of steam and they’re looking for a way to prove that they’re doing due care,” Wrenn said.

Cybersecurity 173

Cybersecurity Insurance Security Privacy 173

Krebs on Security

DECEMBER 12, 2018

Is it fair to judge an organization’s information security posture simply by looking at its Internet-facing assets for weaknesses commonly sought after and exploited by attackers, such as outdated software or accidentally exposed data and devices? the security posture of vendor partners). ENTIRELY, CERTIFIABLY PREVENTABLE.

Security 195

Security Energy and Utilities Risk Data breaches 195

The Security Ledger

AUGUST 20, 2019

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.

Insurance 40

Insurance Risk Healthcare Manufacturing 40

Security Affairs

SEPTEMBER 4, 2023

The BaFin is responsible for overseeing banks, insurance companies, investment firms, and other financial institutions. BaFin also regulates the securities markets and the financial services industry.

Financial Services 128

Financial Services Military Insurance Marketing 128

IT Governance

OCTOBER 24, 2023

Breached organisation: BHI Energy, providing staffing solutions to the nuclear, fossil, wind, hydro and government energy markets. Incident details: Network security incident, where allegedly AlphV gained unauthorised access and made demands to the hospital’s leadership, suggesting a ransomware attack. Records breached: Unknown.

Data Privacy 107

Data Privacy Privacy Security Data breaches 107

Security Affairs

FEBRUARY 3, 2024

The Clorox Company is a multinational consumer goods company that specializes in the production and marketing of various household and professional cleaning, health, and personal care products. The recognition of insurance recoveries, if applicable, may not align with the timing of recognizing the associated expenses.

Insurance 104

Insurance Sales Ransomware Marketing 104

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

Krebs on Security

DECEMBER 8, 2022

Alex Holden is founder of Hold Security , a Milwaukee-based cybersecurity firm. The CLOP members said one tried-and-true method of infecting healthcare providers involved gathering healthcare insurance and payment data to use in submitting requests for a remote consultation on a patient who has cirrhosis of the liver.

Ransomware 266

Ransomware Metadata Insurance Encryption 266

Info Source

MARCH 16, 2022

The other market dynamic is the shift to communicating via multiple input channels using a wide range of formats often related to the same “case.” For example, when submitting an insurance claim for a damaged item, inputs will be provided through a variety of channels including eforms, fax, scanned documents, voice, or video.

Information capture 59

Information capture Marketing Digital transformation Cloud 59

Security Affairs

APRIL 16, 2024

Gb - NDA The group published a set of files as proof of the security breach and threatens leak all the stolen data if the victim will not pay the ransom. . - Gb - NDA The group published a set of files as proof of the security breach and threatens leak all the stolen data if the victim will not pay the ransom. pst files - 1.5

Ransomware 109

Ransomware Manufacturing Insurance Cybersecurity 109

IT Governance

NOVEMBER 13, 2023

On 14 September, Mulkay discovered that the compromised files contained personal information, including “name, address, date of birth, Social Security number, driver’s license number or state ID, medical treatment information, and health insurance information”. Some patients also had their Social Security numbers exposed.”

Data Privacy 85

Data Privacy Privacy Security Data breaches 85

Krebs on Security

JUNE 4, 2019

Securities and Exchange Commission , LabCorp. AMCA has advised LabCorp that Social Security Numbers and insurance identification information are not stored or maintained for LabCorp consumers.” credit card numbers and bank account information), medical information and Social Security Numbers. ” ANALYSIS.

Insurance 249

Insurance Data Privacy Access Security 249

Schneier on Security

JANUARY 19, 2022

It seems to be multilevel marketing fraud instead: The Center for COVID Control is a management company to Doctors Clinical Laboratory. Doctors Clinical Lab, the lab Center for COVID Control uses to process tests, makes money by billing patients’ insurance companies or seeking reimbursement from the federal government for testing.

Insurance 129

Insurance Marketing Government IT 129

Security Affairs

JANUARY 19, 2024

backpack market with the JanSport, Dickies, Eastpak, Timberland, Smartwool, Vans, and The North Face brands. VF immediately began taking measures to remediate the attack and launched an investigation into the security breach. ” reads a Form 8-K filed with the Securities and Exchange Commission (SEC) on January 18, 2024.

Data breaches 113

Data breaches Passwords Retail Insurance 113

Info Source

MARCH 16, 2022

The other market dynamic is the shift to communicating via multiple input channels using a wide range of formats often related to the same “case.” For example, when submitting an insurance claim for a damaged item, inputs will be provided through a variety of channels including eforms, fax, scanned documents, voice, or video.

Information capture 52

Information capture Marketing Digital transformation Cloud 52

Security Affairs

OCTOBER 9, 2022

.” The incident comes after the entire insurance industry was alerted of cyber attacks as a result of the ongoing conflict between Russia and Ukraine. Companies in the insurance market condemned Russia’s invasion of Ukraine and supported sanctions against Moscow. ” reads a bulletin sent to syndicates.

Insurance 84

Insurance Marketing IT Security 84