Reltio

JUNE 9, 2022

The insurance industry is facing unprecedented disruption. Insurance carriers have been called to transform customer experience, business offerings, and operations. As an insurer, your current business models are being challenged by new thinking, new competitors, and new ways of working.

Digital transformation 52

Digital transformation Insurance MDM Customer Experience 52

Hunton Privacy

FEBRUARY 10, 2020

On January 27, 2020, CISCO released its 2020 Data Privacy Benchmark Study entitled “From Privacy to Profit: Achieving Positive Returns on Privacy Investments” (the “Study”). More than 2,500 respondents took part in the Study from across 13 countries. The average ratio of benefits to privacy spend was 2.7:1 worth of benefit).

Privacy 100

Privacy Sales Data Privacy Compliance 100

Record Nations

MAY 8, 2018

million settlement, Nationwide Insurance’s breach serves as just one example of the growing number of data breaches each year—making it all the more important you have protections in place. What Happened Even the tiniest serious gap can pose serious risks. After a $5.5 Recently […].

Data breaches 48

Data breaches Insurance Risk Security 48

IT Governance

MARCH 20, 2024

A 2022 Proofpoint study found that 76% of UK board members believed their organisation to be at risk of a material cyber attack in the next 12 months – higher than the global average of 65%. However, the 2023 edition of that study found that this had dropped to 44% in the UK, whereas the global average had climbed to 73%.

Security 116

Security Data breaches Government Insurance 116

Data Matters

SEPTEMBER 7, 2022

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.

Insurance 78

Insurance Paper Privacy Risk 78

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. The changes are effective December 31, 2021.

Insurance 88

Insurance e-Delivery Paper Sales 88

IBM Big Data Hub

NOVEMBER 20, 2023

The new study found that 68% of hybrid cloud adopters have already established formal, organization-wide policies to direct their approach to generative AI. The findings indicate that highly regulated industries are increasingly weighing risks, such as security, when considering the technology.

Cloud 84

Cloud Digital transformation Data structuring Marketing 84

Schneier on Security

MARCH 26, 2020

Interesting article discussing cyber-warranties, and whether they are an effective way to transfer risk (as envisioned by Ackerlof's "market for lemons") or a marketing trick. Consumers should question whether warranties can function as a costly signal when narrow coverage means vendors accept little risk.

Marketing 88

Marketing Insurance Risk IT 88

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

Insurance 91

Insurance Government Cybersecurity Risk 91

IBM Big Data Hub

MARCH 20, 2024

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. Similarly, in the U.S.

Cloud 73

Cloud Financial Services Risk Business Services 73

The Last Watchdog

AUGUST 12, 2019

A 2018 study by the Ponemon Institute showed that 67 percent of SMBs experienced a cyber attack. While large corporations can get cyber security insurance and engage legions of consultants, the question is: what can the average SMB do to prepare for and protect themselves from a potential cyberattack – at a price they can afford?

Cybersecurity 147

Cybersecurity Insurance Risk Government 147

Reltio

SEPTEMBER 13, 2022

In today's uncertain market and economic environments, our customers must ensure that Reltio solves their most pressing data challenges while saving money, growing revenue, reducing risk, and creating efficiencies. Total Economic Impact™ Study Finds Reltio's Modern MDM Delivered 366% ROI.

MDM 52

MDM B2C IT B2B 52

IBM Big Data Hub

JULY 11, 2023

AI and ML technologies can sift through enormous volumes of health data—from health records and clinical studies to genetic information—and analyze it much faster than humans. One example comes from a study in Nature Medicine, which found that up to 70% of patients don’t take insulin as prescribed.

Artificial Intelligence 55

Artificial Intelligence Insurance Healthcare Government 55

Adam Levin

JUNE 30, 2020

While there’s no shortage of examples of ransomware attacks, a recent study by data protection firm Veritas suggests an even bigger problem that few, if any, companies are prepared for: Customers are increasingly laying the blame on companies, specifically their CEOs, rather than on the hackers perpetrating the attacks.

Ransomware 74

Ransomware Insurance Cybersecurity Manufacturing 74

Security Affairs

JANUARY 14, 2019

Zurich American Insurance Company is refusing to refund its client because consider the attack as “an act of war” that is not covered by its policy. The overall damages that insurance firms would probably have to cover reach over $80bn. SecurityAffairs – Mondelez, cyber insurance). Pierluigi Paganini.

Insurance 84

Insurance Ransomware Sales Government 84

Data Matters

DECEMBER 11, 2018

The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. GCC using a risk-based capital aggregation methodology. sector; and.

Insurance 68

Insurance Paper Risk Big data 68

Hunton Privacy

FEBRUARY 13, 2013

On February 11, 2013, the Federal Trade Commission announced that a congressionally-mandated study of the U.S. The study reported that 5 percent of consumers had errors on their credit reports that could result in less favorable terms for loans and insurance. A final report will be issued in 2014.

Insurance 40

Insurance Risk Privacy 40

IBM Big Data Hub

JANUARY 22, 2024

Of the 1,350 organizations surveyed in a recent study, 78 percent suffered a successful ransomware attack (link resides outside ibm.com). The photo will expedite the recovery process and help when filing a police report or a possible claim with your insurance company.

Ransomware 105

Ransomware Encryption Analytics Data breaches 105

IBM Big Data Hub

MAY 9, 2024

Healthcare organizations need a strong data governance framework to help ensure compliance with regulations like the Health Insurance Portability and Accountability Act of 1996 (HIPAA) in the US and the General Data Protection Regulation (GDPR) in the EU. Inaccuracies might also lead to more delays or complications with insurance coverage.

Government 66

Government GDPR Compliance Analytics 66

IT Governance

JUNE 7, 2024

Nonetheless, the risk of a cyber incident is significant, and as data leaks such as the ‘mother of all breaches’ suggest, sooner or later, every organisation will ‘get done’. So, I think organisations need to weigh up the risks to make the right decision for their specific situation. There are even daily ransomware victim feeds !

Ransomware 110

Ransomware Encryption Data breaches Access 110

Data Matters

SEPTEMBER 4, 2019

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

Insurance 68

Insurance Paper Risk Analytics 68

IBM Big Data Hub

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 97

Insurance Digital transformation Customer Experience Cloud 97

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

According to a recent market study 1 , 71% of individuals surveyed said double and triple extortion tactics have grown in popularity over the last 12 months, and 65% agree that these new threats make it tougher to refuse ransom demands. These methods provide significant security risks for businesses of all sizes.

Ransomware 71

Ransomware Encryption Security awareness Insurance 71

DLA Piper Privacy Matters

MAY 5, 2020

These draft guidelines highlight the data protection risks related to such applications, with general recommendations regarding the processing of personal data in relation to the non-professional use of connected vehicles and present some use cases. Risks identified by the European Data Protection Board.

Privacy 69

Privacy Personal data GDPR Insurance 69

IBM Big Data Hub

SEPTEMBER 28, 2023

According to a recent IBV study , 64% of surveyed CEOs face pressure to accelerate adoption of generative AI, and 60% lack a consistent, enterprise-wide method for implementing it. Users of third-party models in watsonx.ai

Risk 87

Risk Insurance Data collection Libraries 87

Thales Cloud Protection & Licensing

APRIL 18, 2023

Security teams must build quantum resilience today to protect their business from emerging risks. , presented by Steven Gautier , Principal Solutions Architect. Quantum Resistant Crypto Briefing The proliferation of quantum computing will bring many exciting applications, but it also creates novel threats to data security and privacy.

Security 71

Security Digital transformation Privacy Cybersecurity 71

Data Matters

OCTOBER 12, 2021

Sponsored by IBM Security, the Ponemon Institute studied over 500 data breaches from 17 different countries to provide an insightful look into the costs of data breaches, summarized in the “ Cost of a Data Breach Report 2021.” Of the organizations studied, only 35% had partially or fully deployed zero trust. million, compared to $3.28

Data breaches 97

Data breaches Security Compliance Cloud 97

HL Chronicle of Data Protection

MARCH 16, 2020

Although a lot of attention is paid – as it must be – to the technological aspects of cybersecurity breaches, we believe that the litigation and regulatory risks cannot be overstated. This ensures consistent messaging to all relevant parties.

Cybersecurity 59

Cybersecurity Financial Services Risk Insurance 59

Krebs on Security

DECEMBER 18, 2018

But you’d be forgiven if you couldn’t tell this by studying the executive leadership page of each company’s Web site. For example, those that have CISOs reporting to CIOs can mix in reporting lines to legal, risk or the CEO office to offset potential conflicts. ” EXHIBIT A: EQUIFAX. Source: Accenture.

Security 226

Security Marketing Cybersecurity Data breaches 226

erwin

MAY 2, 2022

While talking to the business people about the business requirements, entities tend to be the plural nouns that they mention: insureds, beneficiaries, policies, terms, etc. Look again at Figure 7, what is the difference between an insured and a beneficiary? What is an entity? Just write them down, fill in details later.

Cloud 98

Cloud Insurance Metadata IT 98

AIIM

DECEMBER 20, 2018

With the help of big data technology, algorithms created by big data consultants tend to nominate individuals by studying the employee’s online activity, profile updates, employment history, job performance, and payroll data. Following the insurance companies’ footsteps, employers gather health-related data of their staff and candidates.

Big data 124

Big data Analytics Mining Insurance 124

Collibra

AUGUST 10, 2020

Teams across the different departments want to use this data to study the impact of COVID-19 on high risk patients like the ones in the cancer unit. For example, a leading insurance company wants to use COVID-19 data to track how shopping for insurance behavior has changed due to the pandemic.

Insurance 59

Insurance Marketing Access Risk 59

Information Governance Perspectives

MARCH 10, 2020

Luckily, it’s a detail-oriented role, which is perfect because my background is in Compliance and Privacy, and I’ve spent most of my career building data governance programs for recognized brands like Paramount Pictures and Farmers Insurance. For a film studio, that’s producing content, and entertaining your audience.

Insurance 52

Insurance Blockchain Privacy Big data 52

erwin

MARCH 30, 2020

Privately it will come from hospitals, labs, pharmaceutical companies, doctors and private health insurers. To be successful and generate quality results, this consortium will need to adhere to strict disciplines around managing the data that comes into the study.

Metadata 122

Metadata IT Healthcare Government 122

IT Governance

OCTOBER 24, 2019

The insurance firm Hiscox found that 61% of organisations were compromised in the past 12 months. The GDPR (General Data Protection Regulation) , which was introduced last year, emphasises the importance of effective security and provide guidance on how to mitigate the risk.

Data breaches 56

Data breaches GDPR Compliance Insurance 56

The Last Watchdog

APRIL 14, 2020

As a result, the way in which they connect and authorize communication makes them a primary security risk for organizations. Now comes a study from Boston-based consultancy Air Worldwide that puts some hard numbers on the degree to which threat actors are plundering virtual machines. LW: This isn’t theoretical is it?

Digital transformation 138

Digital transformation Passwords Retail IoT 138

Hunton Privacy

DECEMBER 15, 2017

Later in the afternoon, the discussion turned to business and consumer perspectives on the benefits, costs and risks of collecting and sharing data. Further, the unfairness doctrine under Section 5 of the FTC Act was mentioned as having the potential to facilitate the FTC in exploring how to assess risk and harm.

Privacy 42

Privacy Retail Risk Insurance 42