Security Affairs

JANUARY 6, 2024

Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 billion insurance claim for the losses caused by the NotPetya attack that took place in 2017. Merck had not taken out specific insurance to cover cyber attacks, it only had insurance coverage against general risks.

Insurance 107

Insurance Healthcare Manufacturing Ransomware 107

Daymark

AUGUST 15, 2023

A CISO Primer on Navigating Cyber Insurance After 10+ years of working with clients to negotiate and place cyber insurance, I’ve noticed that one of the most frequent challenges has always been getting the underwriters and my client’s information security stakeholder (like a CISO or CIO) to understand each other.

Insurance 52

Insurance Information Security Communications Security 52

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 100

Insurance Digital transformation Customer Experience Cloud 100

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

Insurance 117

Insurance Ransomware Cybersecurity Marketing 117

Thales Cloud Protection & Licensing

MAY 26, 2023

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

Insurance 71

Insurance Digital transformation Security Authentication 71

Thales Cloud Protection & Licensing

MARCH 13, 2023

Key Points from the US National Cybersecurity Strategy 2023 divya Mon, 03/13/2023 - 15:39 On March 2, the Biden administration released its 2023 National Cybersecurity Strategy, an attempt “ to secure the full benefits of a safe and secure digital ecosystem for all Americans.” Defend Critical Infrastructure 2.

Cybersecurity 127

Cybersecurity Encryption Risk Government 127

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 101

Insurance Risk Security Security awareness 101

IT Governance

OCTOBER 15, 2020

Cyber threats are so numerous that it’s impossible to prevent security incidents altogether. 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?

Insurance 122

Insurance Data breaches Risk Security 122

eSecurity Planet

MARCH 3, 2023

The White House’s National Cybersecurity Strategy unveiled yesterday is an ambitious blueprint for improving U.S. cybersecurity and threat response, but some of the more ambitious items will take time to implement, and could face opposition from Congress. ” Those fundamental shifts are focused on two core priorities.

Cybersecurity 132

Cybersecurity Government Manufacturing Personal data 132

Hunton Privacy

MARCH 2, 2023

On March 2, 2023, the Biden-Harris Administration announced the release of the National Cybersecurity Strategy.

Cybersecurity 110

Cybersecurity IoT Military Insurance 110

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 126

Insurance Ransomware Risk Data science 126

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 79

Insurance Risk Cybersecurity Ransomware 79

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

IBM Big Data Hub

DECEMBER 8, 2023

The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events. Building a strong risk mitigation strategy can set up an organization to have a strong response in the face of risk.

Risk 70

Risk Compliance Insurance IT 70

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. As AI technologies continues to mature and use cases expand, insurers should not shy from the technology.

Insurance 70

Insurance Risk Artificial Intelligence Government 70

Security Affairs

MAY 27, 2024

Cloud Security Challenges However, adopting cloud computing significantly expanded the attack surface for businesses, effectively dissolving the traditional network perimeter. This shift introduced new vulnerabilities, and conventional security measures designed to protect a well-defined, centralized perimeter were no longer enough.

Cloud 95

Cloud Security Compliance B2B 95

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 58

Insurance Cloud Digital transformation Customer Experience 58

Dark Reading

AUGUST 15, 2019

More businesses are recognizing the need for cyber insurance as part of an overall security strategy. Here are some key points to consider when evaluating, purchasing, and relying on a policy.

Insurance 90

Insurance Security 90

The Last Watchdog

MARCH 13, 2023

So how will this affect chief information security officers (CISOs) and security programs? Given the perennial skills and staffing shortage in security, it’s unlikely that CISOs will be asked to make deep budget or staffing cuts, yet they may not come out of this period unscathed. Demonstrate secure practices to customers.

Security 203

Security Insurance Cybersecurity Customer Experience 203

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

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

Collibra

APRIL 9, 2021

Recapping a discussion moderated by Stijn Christiaens and featuring insurance data experts from Deloitte UK . Insurance is a data-intensive business. Insurance companies need data to better assess risks and price policies competitively, but also profitably. Drivers for cloud adoption.

Insurance 59

Insurance Cloud Data science Analytics 59

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

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

The Last Watchdog

JUNE 6, 2022

Many are working with siloed security products from another era that serve as mere speed bumps. Meanwhile, security teams are stretched thin and on a fast track to burn out. At RSA Conference 2022 , which opened today in San Francisco, new security frameworks and advanced, cloud-centric security technologies will be in the spotlight.

Risk 263

Risk Security Cloud Insurance 263

Data Breach Today

MAY 13, 2019

Security Experts Say Prosecution's Document Offers Critical Cybersecurity Insights The indictment of two Chinese men for a 2014 cyberattack on health insurer Anthem that compromised information on nearly 80 million individuals contains extensive details about the incident that security professionals can use to help with their breach prevention strategies. (..)

Insurance 188

Insurance Cybersecurity Security 188

IT Governance

APRIL 29, 2024

Keyboard app vulnerabilities reveal keystrokes to network eavesdroppers Security researchers have identified critical security vulnerabilities in Cloud-based pinyin keyboard apps from Baidu, Inc., We identified certain accounts that we believe are affiliated with the Spy.pet website, which we have subsequently banned.”

Data Privacy 94

Data Privacy Privacy Manufacturing Security 94

eSecurity Planet

MARCH 17, 2023

Whether you’re operating a global enterprise network or a small family business, your network’s security needs to be optimized with tools, teams, and processes to protect customer data and valuable business assets. Also read: What is Network Security?

Security 117

Security Encryption Analytics Cloud 117

eSecurity Planet

APRIL 26, 2024

Network security architecture is a strategy that provides formal processes to design robust and secure networks. Effective implementation improves data throughput, system reliability, and overall security for any organization.

Security 117

Security Cloud Cybersecurity Risk 117

Daymark

DECEMBER 5, 2023

On October 30, 2023, the US Securities and Exchange Commission (SEC) announced fraud charges against SolarWinds and its former chief information security officer (CISO), alleging that “ SolarWinds’ public statements about its cybersecurity practices and risks were at odds with its internal assessments.”

Insurance 62

Insurance Cybersecurity Risk Information Security 62

OpenText Information Management

MAY 10, 2024

If it’s not accurate, accessible, and secure, organizations won’t get the desired results. Since AI relies on data to learn and improve, organizations must ensure their data is accurate, accessible, and secure. Artificial Intelligence (AI) requires these foundational data strategies that OpenText is known for.

Security 57

Security Artificial Intelligence Privacy Compliance 57

IT Governance

APRIL 22, 2024

Compromised data includes names, passport numbers, Social Security numbers, online crypto account identifiers and bank account numbers. Publicly disclosed data breaches and cyber attacks: in the spotlight Criminal hackers threaten to leak World-Check screening database A criminal group known as GhostR claims to have stolen 5.3

Data Privacy 52

Data Privacy Privacy Manufacturing Security 52

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 120

IT Security Cybersecurity Marketing 120

IT Governance

SEPTEMBER 1, 2021

Cyber security is becoming an expensive endeavour for organisations – and in many cases, the costs are so high that they can’t deal with threats appropriately. However, it’s one thing to want to invest in cyber security, but something else entirely to set aside the budget to do so. What is cyber security as a service?

Security 124

Security GDPR Cloud Insurance 124

Krebs on Security

DECEMBER 8, 2022

Ransomware groups are constantly devising new methods for infecting victims and convincing them to pay up, but a couple of strategies tested recently seem especially devious. Alex Holden is founder of Hold Security , a Milwaukee-based cybersecurity firm. “ Cl0p ” a.k.a. Encrypting sensitive data wherever possible.

Ransomware 275

Ransomware Metadata Insurance Encryption 275

IT Governance

MARCH 5, 2024

Source (New) Engineering Japan Yes >5 TB Array Networks Source (New) Cyber security USA Yes 2.5 TB Turtlemint Source (New) Insurance India Yes 1,800,000 Chunghwa Telecom Source (New) Telecoms Taiwan Yes 1.7

Data Privacy 52

Data Privacy Privacy Manufacturing Retail 52

IT Governance

SEPTEMBER 15, 2021

A UK government report published last year found that 48% of organisations lacked the expertise to complete routine cyber security practices. The report also found that 30% of organisations had skills gaps in more advanced areas, such as penetration testing, forensic analysis and security architecture.

Security 122

Security Insurance Education Government 122