Security Affairs

AUGUST 7, 2019

The American group of insurance and financial services companies State Farm disclosed a credential stuffing attack it has suffered in July. The American group of insurance and financial services companies State Farm revealed that it was the victim of a credential stuffing attack it has suffered in July. The experts detected 8.3

Insurance 110

Insurance Data breaches Financial Services Passwords 110

The Guardian Data Protection

FEBRUARY 14, 2021

Tribunal ruling noted Brexit campaign and insurance company owned by its key backer had a ‘two-faced approach to regulation’ The Leave.EU Tribunal ruling noted Brexit campaign and insurance company owned by its key backer had a ‘two-faced approach to regulation’ The Leave.EU subscribers between August 2016 and February 2017.

Data breaches 145

Data breaches Insurance IT 145

Data Breach Today

MAY 30, 2018

Health Insurer Sues Organizations That Represented HIV Patients in Earlier Privacy Dispute A messy legal case involving a 2017 privacy breach that has already cost Aetna about $20 million in settlements has taken yet another twist.

Privacy 145

Privacy Insurance 145

Data Breach Today

FEBRUARY 12, 2018

New Lawsuits Filed in the Wake of 2017 Mailing Mishap A case involving a 2017 privacy breach that has already cost health insurer Aetna about $20 million in legal settlements is getting messier. What new questions and lessons are emerging?

Insurance 140

Insurance Privacy 140

Krebs on Security

JANUARY 19, 2022

is perhaps better known as the online identity verification service that many states now use to help staunch the loss of billions of dollars in unemployment insurance and pandemic assistance stolen each year by identity thieves. These days, ID.me may require a recorded, live video chat with the person applying for benefits.

Access 364

Access Insurance Authentication Government 364

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 95

Insurance Risk Marketing Cybersecurity 95

Schneier on Security

JANUARY 25, 2022

The insurance company Ace American has to pay for the losses: On 6th December 2021, the New Jersey Superior Court granted partial summary judgment (attached) in favour of Merck and International Indemnity, declaring that the War or Hostile Acts exclusion was inapplicable to the dispute. Merck suffered US$1.4 Merck suffered US$1.4

Insurance 73

Insurance Risk Government IT 73

IT Governance

AUGUST 25, 2022

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

Insurance 102

Insurance IT Government Risk 102

Krebs on Security

MARCH 3, 2020

Last week, KrebsOnSecurity reported to health insurance provider Blue Shield of California that its Web site was flagged by multiple security products as serving malicious content. How did a browser extension lead to a malicious link being added to the health insurance company Web site?

Insurance 305

Insurance File names Risk Marketing 305

Threatpost

JANUARY 21, 2022

Court rules ‘War or Hostile Acts’ exclusion doesn’t apply to the pharma giant's 2017 cyberattack.

Insurance 95

Insurance Government 95

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

Krebs on Security

APRIL 26, 2021

In 2017, KrebsOnSecurity showed how easy it is for identity thieves to undo a consumer’s request to freeze their credit file at Experian , one of the big three consumer credit bureaus in the United States. It’s also amazing that this sloppy security I wrote about back in 2017 is still just as prevalent in 2021.

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Security Authentication Access Insurance 349

The Last Watchdog

APRIL 30, 2019

That could be for insurance purposes. “As As with any insurance, cyber insurance really requires due care.” “Then you have the folks whose security programs have run out of steam and they’re looking for a way to prove that they’re doing due care,” Wrenn said. Wrenn said. “So

Cybersecurity 173

Cybersecurity Insurance Security Privacy 173

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

Data Matters

JULY 30, 2018

In October 2017, the National Association of Insurance Commissioners (NAIC) adopted an Insurance Data Security Model Law. On May 3, 2018, South Carolina became the first state to enact this Model Law, in the form of the South Carolina Insurance Data Security Act (H.B. See CT Gen Stat § 38a-999b (2015) ; 23 NYCRR 500.

Insurance 60

Insurance Security Cybersecurity Data breaches 60

Krebs on Security

MARCH 26, 2020

authorities in 2017. Most carding sites will offer customers a form of buyer’s insurance known as a “checker,” which is an automated, à la carte service customers can use after purchasing cards to validate whether the cards they just bought are still active.

Retail 290

Retail Insurance Cybersecurity Data breaches 290

Andrew Hay

JULY 26, 2018

Though the breaches are concerning, the real story is that the financial institution suing its insurance provider for refusing to fully cover the losses. According to the lawsuit, in June 2018 Everest determined both the 2016 and 2017 breaches were covered exclusively by the debit card rider, and not the $8 million C&E rider.

Insurance 45

Insurance Computer and Electronics Information Security Security 45

Security Affairs

JANUARY 6, 2019

The Dark Overlord hacking group claims to have stolen a huge trove of documents from the British insurance company Hiscox, Hackers stole “hundreds of thousands of documents,” including tens of thousands files related to the 9/11 terrorist attacks. In October 2017, the group broke into the celeb London Bridge Plastic Surgery clinic.

Insurance 112

Insurance Data breaches Sales Government 112

IT Governance

FEBRUARY 5, 2018

Increased interest in cyber insurance. With more than 800 million records being leaked in 2017 ( find out more in our Breaches and Hacks Blog Archive ), it’s not surprising that cyber insurance business has increased in recent months. Insurers assess an organisation’s cyber risk to set premium levels.

Insurance 57

Insurance Risk Government Paper 57

Hunton Privacy

JUNE 12, 2020

Mears made over one billion spoofed robocalls to sell health insurance plans under a variety of business names including Rising Eagle and JSquared Telecom. The robocalls falsely claimed to offer health insurance plans from major insurers but instead were sold by entities not affiliated in any way with those insurers.

Insurance 96

Insurance IT Communications Government 96

Security Affairs

APRIL 29, 2024

.” The FCC’s Enforcement Bureau launched an investigation after Missouri Sheriff Cory Hutcheson misused a “location-finding service” provided by Securus, a communications service provider for correctional facilities, to access the location data of wireless carrier customers without their consent from 2014 to 2017.

Insurance 123

Insurance Communications Access IT 123

CGI

DECEMBER 5, 2017

Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). Tue, 12/05/2017 - 17:24. 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.

Insurance 40

Insurance Digital transformation GDPR Artificial Intelligence 40

CGI

DECEMBER 7, 2017

Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). Thu, 12/07/2017 - 15:43. 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.

Insurance 40

Insurance Digital transformation GDPR Artificial Intelligence 40

CGI

JULY 31, 2017

Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1). Mon, 07/31/2017 - 05:30. 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…. Change accelerators.

Insurance 40

Insurance Digital transformation Blockchain Retail 40

CGI

DECEMBER 7, 2017

Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1). Thu, 12/07/2017 - 15:32. 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. Change accelerators.

Insurance 40

Insurance Digital transformation Blockchain Retail 40

Hunton Privacy

NOVEMBER 27, 2017

On November 3, 2017, Securityroundtable.org published an article highlighting the vulnerabilities businesses face in a world of e-commerce and interconnectivity, and spotlighted a crisis-planning panel hosted by Hunton & Williams held on November 1. It is now recognized as a basic risk issue by every company.”

Insurance 45

Insurance Privacy Cybersecurity Risk 45

The Last Watchdog

APRIL 3, 2019

SailPoint, which went public in November 2017, has grown to more than 1000 employees in 30 locations. I had the chance at RSA 2019 to visit with Mike Kiser, global strategist at SailPoint , an Austin, TX-based supplier of IGA services to discuss this. Compliance matters. As complexity has intensified, so have compliance challenges.

Digital transformation 140

Digital transformation Insurance Compliance Healthcare 140

Hunton Privacy

MARCH 29, 2017

On March 28, 2017, the French Data Protection Authority (“CNIL”) published its Annual Activity Report for 2016 (the “Report”) and released its annual inspection program for 2017.

Personal data 49

Personal data Healthcare GDPR Insurance 49

Security Affairs

APRIL 30, 2019

I can tell you that potential damages could be very expensive for companies, for example, the transportation giant Maersk announced in 2017 that it would incur hundreds of millions in U.S. The good news for the investors is that the company has a robust cyber insurance in place with recognized insurers.

Insurance 108

Insurance Ransomware Security IT 108

Krebs on Security

AUGUST 17, 2023

The international police organization INTERPOL said last week it had shuttered the notorious 16Shop, a popular phishing-as-a-service platform launched in 2017 that made it simple for even complete novices to conduct complex and convincing phishing scams. A 16Shop phishing page spoofing Apple and targeting Japanese users. Image: Akamai.com.

Phishing 200

Phishing Passwords Insurance Data breaches 200

eDiscovery Law

DECEMBER 17, 2021

Key Insight: Waiver of privilege for documents inadvertently posted to publicly accessible Box.com location Nature of Case: insurance coverage litigation Electronic Data Involved: Box.com uploads Keywords: Box.com, privilege waiver, publicly accessible, account permissions, file sharing Identified State Rule(s): Va.

Insurance 40

Insurance Access Cloud 40

The Security Ledger

AUGUST 20, 2019

We talk to Bruce McDonnell of the East West Institute about how insurers are responding. Related Stories Episode 155: Disinformation is a Cyber Weapon and APTs warm to Mobile Malware Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats NotPetya Horror Story Highlights Need for Holistic Security.

Insurance 40

Insurance Risk Healthcare Manufacturing 40

Krebs on Security

DECEMBER 18, 2018

. “You need to make sure that your heads of security are on equal footing with the heads of tech, otherwise there is an inherent conflict at play,” said Anthony Belfiore , chief security officer for insurance company Aon PLC, in a Wall Street Journal story this month about the rising prominence of security leaders at major companies.

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Security Marketing Cybersecurity Data breaches 251

CGI

MARCH 1, 2017

‘The Organist Entertains’ – reaction to the insurance Ogden discount rate cut. Wed, 03/01/2017 - 05:02. When I first saw the word ‘Ogden’ in the Insurance press I was immediately reminded of the long running BBC programme ‘the organist entertains’ hosted by Nigel Ogden. ravi.kumarv@cgi.com. I propose an alternative approach.

Insurance 40

Insurance IT 40

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

CGI

SEPTEMBER 12, 2017

Data analytics – how should insurers look to the future? Tue, 09/12/2017 - 03:00. With a plethora of new data sources across the property and casualty (P&C) general insurance lifecycle now becoming available, how do insurers create an all-encompassing data analytics policy for the future?

Insurance 40

Insurance Analytics Risk IoT 40

DLA Piper Privacy Matters

NOVEMBER 26, 2018

The top five industry sectors notifying data breaches are: 1) health care, 2) insurance, 3) public administrations and defense, 4) telecoms and 5) financial services. In six months only, the DPA received: 3599 information requests (compared to 2145 information requests in 2017). The other released figures are also remarkable.

GDPR 83

GDPR Data breaches Financial Services Insurance 83