The Last Watchdog

JANUARY 20, 2020

To help mitigate the risk of financial losses, more companies are turning to cyber insurance. Related: Bots attack business logic Cyber insurance, like other forms of business insurance, is a way for companies to transfer some of numerous potential liability hits associated specifically with IT infrastructure and IT activities.

Insurance 171

Insurance Data breaches Cybersecurity Risk 171

Data Breach Today

OCTOBER 1, 2021

Also featured are cyber insurance trends and cybercrime innovation. The latest edition of the ISMG Security Report features an analysis of how a cryptocurrency exchange bug has revealed North Korean Monero laundering.

Insurance 274

Insurance Security 274

Dark Reading

SEPTEMBER 10, 2020

Whilst GDPR has put the spotlight on data privacy and cyber issues, there are other more prominent trends that are driving a greater take-up of cyber insurance, says Ben Maidment, Class Underwriter - Cyber, Physical & Technology at Brit Insurance.

Insurance 103

Insurance GDPR Data Privacy Cybersecurity 103

Krebs on Security

AUGUST 14, 2020

The “RCM” portion of its name refers to “revenue cycle management,” an industry which tracks profits throughout the life cycle of each patient, including patient registration, insurance and benefit verification, medical treatment documentation, and bill preparation and collection from patients.

Ransomware 358

Ransomware Insurance Phishing IT 358

Data Breach Today

JUNE 2, 2023

Also: Health Entities Affected by Massive Data Breach; Identity Trends In the latest weekly update, ISMG editors discuss why communication is vital to be an effective CISO in 2023, how the hack of Florida-based dental insurer MCNA affects nearly 9 million people, and how CyberArk is securing privileged users with a new browser.

Communications 144

Communications Insurance Data breaches Security 144

Data Breach Today

FEBRUARY 15, 2021

Business Associate Breaches Affect Millions Many of the major health data breaches added to the federal tally so far this year involve business associates, continuing a trend in recent years. The largest of those is an incident reported by a children's health and dental insurance plan provider involving a website hosting vendor.

Data breaches 274

Data breaches Insurance 274

Data Breach Today

JANUARY 12, 2023

Access-as-a-Service Operators Use SEO Poisoning to Find Victims Trend Micro spotted operators of the Gootkit malware loader targeting the Australian healthcare sector.

Insurance 130

Insurance Ransomware Access 130

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. Digital Transformation is More Than Scanning Paper Documents.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

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

OpenText Information Management

JANUARY 10, 2022

The future remains uncertain apart from one thing: Financial Services … The post Key trends for the Financial Services industry in 2022 appeared first on OpenText Blogs. In fact, McKinsey’s Global Banking Review states that half of banks are not covering their cost of equity.

Financial Services 124

Financial Services IT Insurance 124

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

Data Breach Today

OCTOBER 4, 2021

Also featured are cyber insurance trends and cybercrime innovation. The latest edition of the ISMG Security Report features an analysis of how a cryptocurrency exchange bug has revealed North Korean monero laundering.

Insurance 144

Insurance Security 144

ARMA International

AUGUST 7, 2023

In 2023, we see six significant trends that considerably impact the legal industry. Trend #1: The Rise of AI Incorporating Artificial Intelligence (AI) technology into legal practice is no longer a “new” frontier. Trend #3: Cloud Flexibility Law firms are moving to the cloud in droves. It’s easy to understand why.

Artificial Intelligence 52

Artificial Intelligence Cloud Data Privacy Privacy 52

CGI

DECEMBER 7, 2017

Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1). This year, we conducted in-person interviews with more than 1,300 client executives across 17 countries, including insurance business and IT executives. p.butler@cgi.com. Thu, 12/07/2017 - 15:32. Change accelerators.

Insurance 40

Insurance Digital transformation Blockchain Retail 40

CGI

DECEMBER 7, 2017

Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). In my previous blog , I introduced findings from in-person interviews CGI held in 2017 with more than 1,300 client executives across 17 countries, including insurance business and IT executives. Thu, 12/07/2017 - 15:43.

Insurance 40

Insurance Digital transformation Artificial Intelligence GDPR 40

CGI

MARCH 23, 2016

The trend toward pay-as-you-drive insurance. Almost every insurance company is currently working on providing pay-as-you-drive insurance. Insurance based on driving behavior can be very attractive for both the insurer and the insured. In turn, the insurer is able to offer the most competitive rates.

Insurance 40

Insurance Risk Big data Marketing 40

CGI

DECEMBER 5, 2017

Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). In my previous blog , I introduced findings from in-person interviews CGI held in 2017 with more than 1,300 client executives across 17 countries, including insurance business and IT executives. Tue, 12/05/2017 - 17:24.

Insurance 40

Insurance Digital transformation Artificial Intelligence GDPR 40

CGI

JULY 31, 2017

Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1). This year, we conducted in-person interviews with more than 1,300 client executives across 17 countries, including insurance business and IT executives. harini.kottees…. Mon, 07/31/2017 - 05:30. Change accelerators.

Insurance 40

Insurance Digital transformation Blockchain Retail 40

Data Matters

JUNE 23, 2022

Kentucky and Maryland recently continued the trend of state insurance departments adopting some version of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Data Security Model Law. Kentucky Governor Andy Beshear signed House Bill 474 into law, and Maryland Governor Larry Hogan signed SB 207.

Insurance 103

Insurance Security Cybersecurity Information Security 103

OpenText Information Management

OCTOBER 5, 2020

Of course, no one could have seen the full extent of the global COVID-19 crisis, but as we navigate through the pandemic it’s time to re-assess those trends and see how things have evolved.

Financial Services 82

Financial Services Insurance 82

IT Governance

MARCH 20, 2024

The UK government’s Cyber Security Breaches Survey 2023 confirms this trend. Nevertheless, it’s a clear trend change. Let’s look at: Possible reasons for this trend change; Why it is worrying; and Five ways for organisations to improve their security without breaking the bank. Specifically, a 13.4% Specifically, a 13.4%

Security 116

Security Data breaches Government Insurance 116

Information Management Resources

MARCH 26, 2018

SMA sees significant spending and shifts in personal lines projects that are aimed at aligning insurers’ strategies to transformation and growth.

Customer Experience 29

Customer Experience Insurance Artificial Intelligence 29

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 68

Insurance Risk Marketing Cybersecurity 68

Hunton Privacy

JANUARY 27, 2023

On January 25, 2023, Hunton Andrews Kurth’s retail industry team released its annual Retail Industry in Review publication, which provides an overview of key issues and trends that impacted the retail sector in the past year, as well as a preview of relevant legal issues retailers can expect to arise in 2023.

Retail 61

Retail Insurance Cybersecurity Privacy 61

CGI

MAY 27, 2016

Time and tide waits for no man – IoT in Insurance. This old saying could also be applied for what is happening in the insurance market with IoT and that given the drive behind IoT in both the consumer and business markets. p.butler@cgi.com. Fri, 05/27/2016 - 07:25. Time and tide waits for no man. New products and services.

Insurance 40

Insurance IoT Marketing Manufacturing 40

Thales Cloud Protection & Licensing

NOVEMBER 9, 2021

The digital transformation “mega trends”. When considering the emerging challenges, Sunil and I highlighted three “mega trends that are conflicting with each other and create explosive potential situations.” These trends are: The massive amount of data produced by organizations. It is now the normal way of doing business.

Cloud 123

Cloud Security Encryption Insurance 123

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

The Last Watchdog

OCTOBER 5, 2023

More good news: there’s a trend toward increasingly proficient MSSPs stepping forward to help SMBs, mid-market enterprises and large enterprises do this. Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies? What trends do you expect to see? What gets you most excited?

Cybersecurity 190

Cybersecurity Privacy Cloud IoT 190

Information Management Resources

MARCH 8, 2018

Cloud for ancillary services has risen in insurance, and within the past few years the trend has expanded to include core as well with Tier-1 carriers migrating to the model.

Insurance 28

Insurance Cloud 28

CGI

AUGUST 31, 2016

Insurers’ role will be critical in improving cybersecurity standards. Cyber insurance can be obtained to cover such costs as crisis management, media management, incident management, technical remediation, legal fees, call management, data subject notification, breach investigation and many other losses resulting from a cyber-attack.

Insurance 40

Insurance Cybersecurity Risk Marketing 40

eDiscovery Daily

JANUARY 30, 2020

This while the Insurance Journal reported (via Reuters – hat tip again to Ride the Lightning) last week that U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims. The post How Many States Have Outlawed Ransomware?

Ransomware 69

Ransomware Cybersecurity Insurance Education 69

Krebs on Security

DECEMBER 8, 2022

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. As noted in last year’s story Don’t Wanna Pay Ransom Gangs? ”

Ransomware 250

Ransomware Metadata Insurance Encryption 250

The Last Watchdog

MARCH 20, 2023

One trend we’ve seen in recent years is a massive surge in cases of sextortion. Exploitation drivers From the case of Hegestratos committing insurance fraud by sinking a ship in 300 B.C., The advancement of fraud has materialized parallel to that of currency.

Cybersecurity 186

Cybersecurity Education Insurance Data breaches 186

Security Affairs

NOVEMBER 15, 2022

Trend Micro reported that the Earth Longzhi group, a previously undocumented subgroup of APT41, targets Ukraine and Asian Countries. Early this year, Trend Micro investigated a security breach suffered by a company in Taiwan. ” reads the analysis published by Trend Micro.

Archiving 97

Archiving Passwords Metadata Insurance 97

Reltio

JUNE 20, 2023

The report cited that, "Reltio’s vision is to strategically go to market in B2B, B2C, insurance, financial services, healthcare, and life sciences with prebuilt connectors in corresponding velocity packs.”

MDM 98

MDM Cloud B2C B2B 98

DXC Technology

DECEMBER 5, 2019

This trend is playing out in many industries including transportation, logistics, […]. As organizations focus on data-driven business models to remain competitive, they will increasingly seek to collaborate with partners and exchange data.

Customer Experience 41

Customer Experience Digital transformation IT Manufacturing 41

IT Governance

NOVEMBER 3, 2023

Sector overview Most-breached sectors (by number of incidents) # Sector Incidents 1 Other 34 30% 2 Healthcare 31 27% 3 Education 16 14% 4 (tie) Media and telecoms 12 11% 4 (tie) Public and non-profit 12 11% 6 Legal 5 4% 7 Finance and insurance 4 4% Note: The percentages add up to 101% due to rounding.

Data breaches 87

Data breaches Insurance Ransomware Education 87