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

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 Customer Experience MDM 52

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. The post The Data Breach Case Study & Protection Guide appeared first on Record Nations. After a $5.5 Recently […].

Data breaches 57

Data breaches Insurance Risk Security 57

Schneier on Security

JUNE 7, 2023

New paper: “ Lessons Lost: Incident Response in the Age of Cyber Insurance and Breach Attorneys “: Abstract: Incident Response (IR) allows victim firms to detect, contain, and recover from security incidents. It should also help the wider community avoid similar attacks in the future.

Insurance 79

Insurance Cybersecurity Paper Communications 79

IT Governance

JANUARY 3, 2024

TB exfiltrated Comcast Cable Communications, LLC (Xfinity) Source 1 ; source 2 (New) Telecoms USA Yes 35,879,455 Tecnoquadri Srl Source (New) Manufacturing Italy Yes 33,000,000 Asia Insurance Co.

Data Privacy 107

Data Privacy Insurance Manufacturing Retail 107

Security Affairs

APRIL 16, 2024

18 Gb.dwg - 38295 pcs - drawings and schematics of chips, microchips, transistors, etc.

Ransomware 117

Ransomware Manufacturing Insurance Cybersecurity 117

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 87

Insurance Government Cybersecurity Risk 87

eDiscovery Daily

DECEMBER 14, 2023

A recent Arcadis study highlights a 42% surge in construction lawsuits in North America from 2021 to 2022, attributing this spike to ongoing COVID-19 effects, supply chain woes, and escalating material costs. Disparate workflows and vast databases make legal discovery a potential nightmare.

Insurance 67

Insurance Paper Communications Government 67

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

eSecurity Planet

JULY 12, 2022

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Also read: Top 8 Cyber Insurance Companies for 2022 Best Ransomware Removal and Recovery Services. Most had been infected. Both factors must be balanced.

Ransomware 132

Ransomware Insurance Cybersecurity Passwords 132

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. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

Insurance 88

Insurance e-Delivery Paper Sales 88

CGI

FEBRUARY 28, 2018

Digital Customer Experience is becoming the deciding battlefield on the insurance landscape. Digital Customer Experience in many ways is becoming the deciding battlefield on the insurance landscape as to who will win through. p.butler@cgi.com. Wed, 02/28/2018 - 10:36. Although respective remits often tend to be company specific.

Customer Experience 40

Customer Experience Insurance Artificial Intelligence Retail 40

IT Governance

FEBRUARY 6, 2024

US GAO publishes ransomware report The US Government Accountability Office has published a study into federal agencies’ cyber security practices and, in particular, how prepared they are to mitigate the risk of ransomware. The statement sets out the EU and US’s shared objectives for a secure cyberspace. Key dates 31 March 2024 – PCI DSS v4.0

Data Privacy 88

Data Privacy Privacy Insurance Security 88

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

Krebs on Security

JULY 4, 2020

A reader who was recently the victim of unemployment insurance fraud said he was told he should create an account at the Department of Homeland Security ‘s myE-Verify website , and place a lock on his Social Security number (SSN) to minimize the chances that ID thieves might abuse his identity for employment fraud in the future.

Passwords 275

Passwords Authentication Insurance Mining 275

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

Hunton Privacy

SEPTEMBER 11, 2014

Hunton & Williams Insurance Litigation & Counseling partner Lon Berk reports: An Israeli security firm recently uncovered a hacking operation that had been active for more than a decade. The hackers purchased digital security certificates for each phony company to make the sites appear legitimate to visitors.

Insurance 40

Insurance Data breaches Cybersecurity Government 40

IT Governance

JUNE 1, 2021

Doncaster-based One Call Insurance hit by ransomware (unknown) Ransomware attack on Swiss Cloud Computing AG (6,500) Wolfe Eye Clinic victim of Lorenz threat actors (unknown) One of the US’s largest pipelines shuts down to contain cyber security breach (unknown) J. Find out more. Ransomware. Data breaches.

Data breaches 124

Data breaches Ransomware Insurance Energy and Utilities 124

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 88

Insurance Ransomware Sales Government 88

CGI

SEPTEMBER 8, 2016

Building long-term transformational outsourcing relationships: An insurance success story. Insurers, like organizations in most sectors, are under pressure to transform their businesses using modern technologies like digital, mobile, cloud, etc., Also, I invite you to read our Delta Lloyd case study to learn more. .

Insurance 40

Insurance Digital transformation Communications Cloud 40

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 57

Artificial Intelligence Insurance Healthcare Government 57

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. For many organizations, the answer is a hybrid cloud approach. With the rise of generative AI comes an influx of data.

Cloud 90

Cloud Digital transformation Data structuring Marketing 90

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 113

Ransomware Encryption Analytics Data breaches 113

Reltio

SEPTEMBER 13, 2022

Total Economic Impact™ Study Finds Reltio's Modern MDM Delivered 366% ROI. We recently commissioned Forrester Consulting to complete a study called "The Total Economic Impact™ (TEI) of the Reltio Master Data Management Platform , Cost Savings and Business Benefits Enabled by Reltio."

MDM 52

MDM B2C IT B2B 52

eDiscovery Daily

DECEMBER 14, 2023

A recent Arcadis study highlights a 42% surge in construction lawsuits in North America from 2021 to 2022, attributing this spike to ongoing COVID-19 effects, supply chain woes, and escalating material costs. Disparate workflows and vast databases make legal discovery a potential nightmare.

Insurance 36

Insurance Paper Communications Government 36

IT Governance

DECEMBER 11, 2023

Source (New) Transport USA Yes 129,611 Tcman Source (New) Manufacturing Spain Yes 108 GB (179 files) Compass Group Italia Source (New) Hospitality Italy Yes 107 GB Pan-American Life Insurance Group, Inc. Incorporated Source (Update) Insurance USA Yes 7,361 Advantis Global, Inc. and Robert W. Baird & Co.

Data Privacy 101

Data Privacy Energy and Utilities Privacy Manufacturing 101

IT Governance

APRIL 9, 2024

Other databases contained health insurance data, such as patents’ names, dates of birth, addresses and medical data. EyeCare Services Partners exposes more 3.5 The biggest database in the blob contained 3.1 million patients and 1.6 million unique Social Security numbers. Source (New) Manufacturing USA Yes 1.1

Data Privacy 52

Data Privacy Privacy Security Manufacturing 52

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

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 117

Risk Financial Services Insurance Cybersecurity 117

Data Matters

MAY 9, 2019

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.

Insurance 68

Insurance Blockchain Big data Risk 68

Data Matters

DECEMBER 20, 2019

The National Association of Insurance Commissioners (the NAIC) held its Fall 2019 National Meeting (Fall Meeting) in Austin, Texas, from December 7 to 10, 2019. NAIC Advances Accreditation Standard Process for Revised Credit for Reinsurance Model Law and Regulation, and Term and Universal Life Insurance Reserve Financing Model Regulation.

Insurance 60

Insurance Risk Artificial Intelligence Privacy 60

Data Matters

DECEMBER 20, 2019

The National Association of Insurance Commissioners (the NAIC) held its Fall 2019 National Meeting (Fall Meeting) in Austin, Texas, from December 7 to 10, 2019. NAIC Advances Accreditation Standard Process for Revised Credit for Reinsurance Model Law and Regulation, and Term and Universal Life Insurance Reserve Financing Model Regulation.

Insurance 60

Insurance Risk Artificial Intelligence Privacy 60

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. systemic risk of insurers with other parts of the financial system, notably the banking.

Insurance 68

Insurance Paper Risk Big data 68

Schneier on Security

MARCH 26, 2020

Moving toward standardized terms and conditions may help consumers, as has been pursued in cyber insurance, but this is in tension with innovation and product diversity. [.]. Future studies could analyze warranties and price together to probe this issue. Our analysis has not touched upon the price of these products.

Marketing 85

Marketing Insurance Risk IT 85

Information Management Resources

JANUARY 17, 2018

But carriers are looking for these technologies to prove themselves before widespread deployment, says Novarica study.

Analytics 32

Analytics Insurance Artificial Intelligence 32

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 104

Insurance Digital transformation Customer Experience Cloud 104

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