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 96

Insurance Digital transformation Customer Experience Cloud 96

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

Hunton Privacy

JULY 1, 2022

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp. Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Data Matters

DECEMBER 28, 2020

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. NAIC Adopts the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act. Insurance groups will be exempt from filing a GCC if.

Insurance 68

Insurance Paper Risk Analytics 68

Security Affairs

SEPTEMBER 1, 2020

“The adversary is particularly interested in exploits related to VPNs and network appliances , including CVE-2019-11510, CVE-2019-19781, and most recently CVE-2020-5902; reliance on exploits such as these lends to an opportunistic operational model.” .” reads the report published by Crowdstrike.

Access 130

Access Financial Services Retail Insurance 130

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

HL Chronicle of Data Protection

FEBRUARY 25, 2020

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the effective date of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act or Act).

Cybersecurity 104

Cybersecurity Financial Services Data breaches Insurance 104

Security Affairs

APRIL 8, 2020

“On Saturday 14 March 2020, HMR was subjected to a targeted and sophisticated attack by cyber criminals. “We’re sorry to report that, during 21–23 March 2020, the criminals published on their website records from some of our volunteers’ screening visits. A criminal group called Maze has claimed responsibility.”

Ransomware 133

Ransomware Data breaches Encryption Financial Services 133

erwin

APRIL 11, 2019

Some suggest the California Consumer Privacy Act (CCPA), which takes effect January 1, 2020, sets a precedent other states will follow by empowering consumers to set limits on how companies can use their personal information. California recently passed a law that gives residents the right to control the data companies collect about them.

GDPR 100

GDPR Compliance e-Discovery Metadata 100

Data Protection Report

APRIL 22, 2021

On April 14, 2021, the New York Department of Financial Services (NYDFS) announced a $3 million settlement with insurance company National Securities Corp. NSC), relating to violations of three different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2020. NYDFS Cybersecurity Regulation.

Cybersecurity 94

Cybersecurity Financial Services Phishing Compliance 94

Data Matters

JUNE 12, 2020

The ANPR also focuses on critical new technologies such as distributed ledgers and artificial intelligence, asking, for example: “What types of activities related to cryptocurrencies or cryptoassets are financial services companies or bank customers engaged? Comments are due by August 3, 2020.

Artificial Intelligence 68

Artificial Intelligence Blockchain Financial Services Computer and Electronics 68

Data Protection Report

FEBRUARY 8, 2022

According to the settlement agreement, the threat actor obtained access to the EyeMed email account on approximately June 24, 2020 and not only obtained access to six years’ worth of information, but also began sending 2,000 phishing emails on July 1. EyeMed neither admitted nor denied the AG’s findings in the settlement. Background.

Passwords 98

Passwords Financial Services Authentication Insurance 98

eSecurity Planet

AUGUST 9, 2022

are subject to laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (the HITECH Act), as well as regulations such as the Clinical Laboratory Improvements Amendments (CLIA). GDPR-style data privacy laws came to the U.S.

Data Privacy 143

Data Privacy Compliance Privacy Security 143

Data Matters

JUNE 24, 2021

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. 27, 2020). 15, 2020). 15, 2020). 2020-0030-C (July 21, 2020).

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

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

Data Matters

MARCH 28, 2022

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques. On March 17, 2022, the U.S.

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

Hunton Privacy

JULY 24, 2020

On Wednesday, July 22, the New York Department of Financial Services (the “NYDFS”) announced that it had filed administrative charges against First American Title Insurance Co. A hearing on the matter will be held on October 26, 2020 at the office of the NYDFS.

Cybersecurity 85

Cybersecurity Risk Financial Services Insurance 85

eSecurity Planet

SEPTEMBER 16, 2022

This is more than a 70% increase over 2020. In its 2021 Threat Force Intelligence Index , IBM reported that manufacturing and financial services were the two industries most at risk for attack, making up 23.2% According to the FTC , over 28 million fraud reports were filed by consumers, resulting in more than $5.8

Analytics 112

Analytics Risk Authentication Financial Services 112

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 Big data 68

eSecurity Planet

FEBRUARY 16, 2021

Just in 2020, the SolarWinds hack could’ve been prevented for organizations that promptly patch software. Toward the end of 2020, Comparitech collected and shared dozens of insights into ransomware figures and trends over the last few years. Ransomware attacks increased by 130% in 2020 ( Beazley Group ). Zero Trust. Statistics.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

Data Matters

AUGUST 24, 2018

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data . The NAIC is also considering insurers’ use of big data in underwriting life insurance products.

Insurance 60

Insurance Big data e-Delivery Risk 60

Reltio

NOVEMBER 9, 2020

Now Tech: Customer Data Management Solutions, Q1 2020, by Noel Yuhanna, Forrester Research, Inc., Jan 8, 2020. Our innovative customers span different industries like life sciences, financial services and insurance, healthcare, CPG, apparel, retail, travel and hospitality and high tech.

Customer Experience 72

Customer Experience MDM Retail Data science 72

KnowBe4

MARCH 28, 2023

back in 2020. When it comes to personal devices, the increase isn't as staggering, but the numbers are still horrible – back in 2020, 14.3% I've written quite a few times about specific cyber insurance claim cases that required going to court to settle. Last year that number jumped to 11.8% - more than a 6x increase!

Phishing 88

Phishing Security awareness Insurance Cybersecurity 88

eSecurity Planet

JANUARY 21, 2021

Archer was named a Leader in Gartner’s 2020 Magic Quadrant for IT risk management and IT vendor risk management tools. Additionally, Forrester named it a Contender in its Q1 2020 GRC Wave. Plus, Forrester named it a Leader in its Q1 2020 GRC Wave. See our in-depth look at RSA Archer. LogicManager. Back to top. Riskonnect.

Compliance 68

Compliance Risk Government Retail 68

Data Matters

OCTOBER 8, 2020

On October 1, 2020, the U.S. Encourages financial institutions and other companies that engage with victims of ransomware (such as those involved in providing cyber insurance, digital forensics, and incident response) to implement risk-based sanctions compliance programs and to consider their obligations under FinCEN regulations.

Ransomware 68

Ransomware Compliance Risk Government 68

Data Protection Report

APRIL 2, 2020

On March 10, 2020, the New York Department of Financial Services (NYDFS) issued guidance to all of its regulated institutions engaged in virtual currency business activity, requiring them to have plans for preparedness to manage the possible operational and financial risks posed by the COVID-19 pandemic.

Risk 59

Risk Communications Authentication Financial Services 59

eSecurity Planet

AUGUST 13, 2021

What thrust Exterro deeper into the DFIR space was its acquisition of industry-known AccessData in December 2020. billion in 2020. For the time being, increasing regulation and scrutiny of sensitive data make banking, financial services, and insurance (BFSI) the fastest-growing segment of the DFS market.

e-Discovery 138

e-Discovery Computer and Electronics Marketing Compliance 138

Info Source

MAY 21, 2020

MAY 21, 2020. a leader in content acquisition and data enrichment solutions, today announced that Alfresco Software , an open source, content services provider, selected Ephesoft as its FY2020 Global Technology Partner of the Year. Go-to-Market Worldwide Technology Partnership Focuses on Cloud Innovation and Improved Customer Success.

Digital transformation 52

Digital transformation Content services Artificial Intelligence Insurance 52

Data Protection Report

OCTOBER 24, 2022

On October 18, 2022, the New York Department of Financial Services announced a settlement with EyeMed, a licensed life, accident, and health insurer, with respect to a security incident that occurred in 2020. Those emails came to the attention of EyeMed’s IT department and also its customers, who complained.

Cybersecurity 52

Cybersecurity Personal data Risk Financial Services 52

eSecurity Planet

JANUARY 21, 2021

Archer was named a Leader in Gartner’s 2020 Magic Quadrant for IT risk management and IT vendor risk management tools. Additionally, Forrester named it a Contender in its Q1 2020 GRC Wave. Plus, Forrester named it a Leader in its Q1 2020 GRC Wave. See our in-depth look at RSA Archer. LogicManager. Back to top. Riskonnect.

Compliance 58

Compliance Risk Government Retail 58

eSecurity Planet

OCTOBER 5, 2021

Banking, financial services, and insurance industries constitute the largest share of adopters, with North America leading adoption, according to Orbis Research. We saw the effect third parties can have on data vulnerabilities with the SolarWinds breach in 2020.

Authentication 101

Authentication Passwords Access Computer and Electronics 101

Reltio

JANUARY 23, 2020

The Gartner Magic Quadrant for Master Data Management Solutions, 2020 was just published. And in 2020, legacy MDM vendors still do not provide their software as a service (SaaS). 2020 insight focused on winning in the experience economy through customer-centricity and connected customer data. There are other choices: .

Customer Experience 71

Customer Experience MDM Healthcare Marketing 71

Info Source

MAY 13, 2020

The global survey was sponsored by ABBYY and executed by Opinium Research in March 2020 with organizations across healthcare, financial services, logistics and transportation, and government. Download the State of Process Mining and Robotic Process Automation 2020 global report at [link]. About ABBYY.

Mining 52

Mining Customer Experience Financial Services Insurance 52

Data Matters

FEBRUARY 25, 2021

On January 28, 2021, the UK Financial Conduct Authority (FCA) published Consultation Paper CP21/3 , “Changes to the SCA-RTS and to the guidance in ‘Payment Services and Electronic Money – Our Approach’ and the Perimeter Guidance Manual” (Consultation Paper). 1 See further our Update of May 4, 2020. 3 At PERG 15.

Authentication 68

Authentication Paper Risk Insurance 68

Adam Levin

NOVEMBER 17, 2020

And like everything else in 2020, these next few weeks promise to be a disaster. Many insurance companies, financial services organizations and employers offer cyber and identity protection products and services as a perk of your relationship either for free or at a deep discount.

Retail 97

Retail e-Delivery Passwords Phishing 97

HL Chronicle of Data Protection

MARCH 16, 2020

On Tuesday, 3 March 2020, we welcomed our financial services clients in London to a lively panel event, which covered the multitude of issues which arise in a cybersecurity incident. Peter Marta. Arwen Handley. Philip Parish. Nicola Fulford.

Cybersecurity 45

Cybersecurity Financial Services Risk Insurance 45

Data Protection Report

JANUARY 7, 2019

The two-year transitional period under the New York State Department of Financial Services (“DFS””) Cybersecurity Regulation , 23 NYCRR 500 (the “Regulation”), will expire on March 1, 2019, with the final remaining requirement becoming effective.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40