Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With businesses becoming more and more digitized, they are exposed to greater cyber risks. Cyber risk insurance covers the costs of recovering from a security breach, a virus, or a cyber-attack. Tue, 05/10/2022 - 05:43.

Insurance 77

Insurance Authentication Risk Ransomware 77

IT Governance

OCTOBER 15, 2020

That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? What is cyber insurance? How does cyber insurance work? What does a cyber insurance policy cover? Who needs cyber insurance?

Insurance 122

Insurance Data breaches Risk Security 122

Hunton Privacy

JUNE 9, 2022

515 , making Vermont the twenty-first state to enact legislation based on the National Association of Insurance Commissioners Insurance Data Security Model Law (“MDL-668”). On May 27, 2022, Vermont Governor Phil Scott signed H.515 Information Security Program Requirements.

Insurance 107

Insurance Security Information Security Cybersecurity 107

KnowBe4

MAY 22, 2023

Food for thought as discussed on May 18, 2023, an article posted in The Australian Insurance Council: Banning paying a ransom to cyber hackers is counter-productive where Andrew Hall, the Chief Executive of the Insurance Council of Australia (ICA), stated that “attempts to ban businesses from paying ransoms for cyber attacks risks eroding trust and (..)

Insurance 85

Insurance Risk Government Security awareness 85

eSecurity Planet

FEBRUARY 11, 2022

Risk management is a concept that has been around as long as companies have had assets to protect. The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. What is Cybersecurity Risk Management? Setting Up Your Risk Management System.

Risk 140

Risk Cybersecurity Encryption Access 140

IBM Big Data Hub

MARCH 27, 2024

As businesses make plans to mitigate climate risks such as extreme weather events, they have an opportunity to innovate with new business models and demonstrate leadership by implementing more sustainable practices. What is climate risk? Substantial repair costs might arise, particularly impacting insurance companies.

Risk 68

Risk Artificial Intelligence Agriculture Financial Services 68

KnowBe4

NOVEMBER 17, 2022

The latest data shows that historically massive rate increases seen over the last few years are beginning to come down, primarily due to insurers having a solid understanding of the risk.

Insurance 78

Insurance Risk Security awareness Security 78

IT Governance

OCTOBER 11, 2022

That’s a problem when cyber risks are constantly evolving, as is the way your organisation operates. It’s why organisations must manage the risks they face with continual evaluation, maintenance and revision. Managing cyber security risks requires a more intensive approach than simply implementing basic protections.

Risk 124

Risk GDPR Information Security Personal data 124

KnowBe4

DECEMBER 7, 2022

Recent attacks are helping cyber insurers better understand what security strategies need to be in place and how to price policies based on the risk those policies cover.

Insurance 105

Insurance Risk Security Security awareness 105

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 62

Insurance Cloud Digital transformation Customer Experience 62

IT Governance

JUNE 15, 2022

In an increasingly digital world, there are an escalating number of cyber security risks for business to address. In this blog, we look at the top five cyber security risks that businesses face, and explain how you can prevent them. MFA authentication can also be used to protect organisations from the next risk on our list.

Risk 144

Risk Security Passwords Phishing 144

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.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

IT Governance

SEPTEMBER 13, 2022

Organisations are continually urged to invest more in defences – whether it’s technological solutions, staff awareness training or revamped compliance practices – but if those solutions aren’t part of a cohesive strategy, the benefits will be minimal. Stage 1: Detection. Organisations can perform these tasks with the help of ISO 27001.

Risk 110

Risk Security Data breaches Phishing 110

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. Challenges to Effective IDP.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

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.

Insurance 70

Insurance Cybersecurity Risk Education 70

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. Document an incident response plan.

Insurance 89

Insurance Data breaches Risk Information Security 89

Hunton Privacy

FEBRUARY 29, 2024

The resolution agreement requires Green Ridge to pay $40,000 to OCR and enter into a Corrective Action Plan that obligates Green Ridge to, among other items: Implement a security management process, including a thorough risk analysis, which is to be provided to HHS for review within 60 days. Investigate all likely policy violations.

Ransomware 111

Ransomware Personal data Risk Privacy 111

Hunton Privacy

JANUARY 2, 2019

New cybersecurity rules for insurance companies licensed in South Carolina are set to take effect in part on January 1, 2019. The new law is the first in the United States to be enacted based on the data security model law drafted by the National Association of Insurance Commissioners.

Insurance 77

Insurance Cybersecurity Data breaches Encryption 77

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.

Risk 130

Risk Compliance Marketing Cybersecurity 130

Hunton Privacy

NOVEMBER 13, 2023

DMS is a HIPAA business associate (“BA”) that provides payer credentialing and medical billing services to HIPAA Covered Entities (“CEs”). As a result, the electronic protected health information (“ePHI”) of approximately 206,695 individuals was affected.

Ransomware 72

Ransomware Risk Insurance Encryption 72

Hunton Privacy

JULY 16, 2021

The Proposed Guidance seeks to promote consistency in banking organizations’ third-party risk management, replacing agency-specific guidance with a framework that applies to all banking organizations supervised by the Regulators.

Risk 81

Risk Insurance Sales Encryption 81

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

The Last Watchdog

OCTOBER 5, 2023

How can companies minimize risks? Regular training and simulations can help reduce risks associated with human errors. Regular training and simulations can help reduce risks associated with human errors. What is the role of cybersecurity awareness training for a company’s employees?

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

IT Governance

APRIL 11, 2019

In a report published last month , the FCA urged organisations to tackle staff awareness training at all levels, and to ensure the lessons are simple and appropriate to the environment that employees work in. Organisations need to make staff awareness training a board-level priority. Staff awareness training is a crucial part of this.

Retail 66

Retail Risk Education Financial Services 66

eSecurity Planet

JANUARY 12, 2021

Protecting your organization from IT security risks is an ongoing, fluid task. As a savvy tech leader, you are likely hyperfocused on performing security risk audits to keep your networks strong and protected. Components of Security Risk Assessments. IT policies and training. Cybersecurity preparedness/ insurance.

Risk 70

Risk Security Cybersecurity Compliance 70

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%. They usually also provide guidance on how to remediate them, and assign a risk rating to each vulnerability, so you can prioritise accordingly.

Security 116

Security Data breaches Government Insurance 116

IBM Big Data Hub

AUGUST 16, 2023

Nevertheless, I also understand the criticality of evaluating the inherent risks before embarking on its direct adoption within our organizations. In this discussion, I explore the risks and challenges associated with ChatGPT in an enterprise context, necessitating a careful approach to its implementation.

Risk 58

Risk Artificial Intelligence Compliance Privacy 58

Hunton Privacy

NOVEMBER 8, 2023

The NYDFS, which regulates financial institutions including insurance companies, mortgage brokers and banks, adopted the original Cybersecurity Regulation in 2017. In the coming weeks, NYDFS will host an upcoming series of training sessions on the amended Cybersecurity Regulation to help regulated entities plan for compliance.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

Hunton Privacy

OCTOBER 25, 2022

The compromised data included contact details, national insurance numbers and bank account details, as well as special category data, including ethnic origin, religion, details of any disabilities, sexual orientation and health information.

Security 97

Security Personal data GDPR Insurance 97

Security Affairs

OCTOBER 30, 2023

62% of hackers plan to train their AI to specialize in the OWASP Top 10 for Large Language Models. The versatility of hackers and the impact of the vulnerabilities they surface make them instrumental to how our customers anticipate and address risk.” Additional info is available in the report published by the company.

Blockchain 120

Blockchain Insurance Risk Security 120

eSecurity Planet

OCTOBER 18, 2022

Those findings echo comments made earlier this year at the RSA Conference by Joe Hubback, managing director EMEA at cyber risk management startup ISTARI. Assessing AI and Security Training. “Many vendors present AI as a black box solution, so how do you qualify risks and benefits? . What Should Security Buyers Do?

IT 122

IT Security Cybersecurity Marketing 122

Armstrong Archives

AUGUST 25, 2023

The Health Insurance Portability and Accountability Act (HIPAA) ensures individuals’ health data protection and privacy. This includes insurance companies, nurses, and doctors. Failure to Conduct Regular Risk Assessments Regular risk assessments are important in protecting health information under the HIPAA.

Computer and Electronics 52

Computer and Electronics Insurance Compliance Risk 52

KnowBe4

MARCH 28, 2023

Security awareness training still has a place to play here." Not until an employee sends a reply, runs an attachment, or fills in a form is sensitive information at risk. Blog post with links: [link] [Live Demo] Ridiculously Easy Security Awareness Training and Phishing Old-school awareness training does not hack it anymore.

Phishing 87

Phishing Security awareness Insurance Cybersecurity 87

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

IBM Big Data Hub

FEBRUARY 13, 2024

The quality of outputs depends heavily on training data, adjusting the model’s parameters and prompt engineering, so responsible data sourcing and bias mitigation are crucial. Imagine training a generative AI model on a dataset of only romance novels. Existing content can be reimagined and edited using AI tools.

Artificial Intelligence 126

Artificial Intelligence Marketing Sales Communications 126

KnowBe4

DECEMBER 6, 2022

Live Demo] Ridiculously Easy Security Awareness Training and Phishing. Old-school awareness training does not hack it anymore. Join us TOMORROW, Wednesday, December 7 @ 2:00 PM (ET) , for a live demo of how KnowBe4 introduces a new-school approach to security awareness training and simulated phishing. Did You Know?

Security awareness 91

Security awareness Phishing Risk Insurance 91

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. As we discussed in our first point, the service mitigates the risk of a data breach and, by extension, the costs associated with it. You’ll receive cyber insurance cover ?.

Security 131

Security Insurance Data breaches Information Security 131