Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. First American released its first quarter 2020 earnings today.

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The Guardian Data Protection

NOVEMBER 11, 2023

Observer investigation reveals UK Biobank opened its biomedical database to insurance firms despite pledge it would not do so Sensitive health information donated for medical research by half a million UK citizens has been shared with insurance companies despite a pledge that it would not be. Continue reading.

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KnowBe4

AUGUST 8, 2022

The WSJ reported Aug 8, 2020: It is becoming more expensive and difficult for companies to get or renew cyber insurance. cyber insurance policies increased by 79% from a year earlier. Insurers have made it harder to get or keep a policy, too. The price of U.S.

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Data Matters

FEBRUARY 2, 2021

The National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law has been adopted in at least 11 states, with several others (including New York) having implemented either older or similar laws or administrative guidance. See State Legislative Brief, NAIC, June 2020.

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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%

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Krebs on Security

JUNE 18, 2021

The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 Title insurance protects homebuyers from the prospect of someone contesting their legitimacy as the new homeowner. Title insurance is not mandated by law, but most lenders require it as part of any mortgage transaction.

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The Last Watchdog

MAY 24, 2021

In 2020, it saw 193 billion credential stuffing attacks globally, with 3.4 Meanwhile, threat actors’ siege on web applications surged 62 percent in 2020 vs. 2019: Akamai observed nearly 6.3 Q: The scale of ‘attacks’ in 2020 is astronomical: 6.3 I’ve known Ragan for a long time and greatly respect his work. It is astronomical.

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Krebs on Security

FEBRUARY 19, 2020

10, 2020, Citrix disclosed additional details about the incident. In a statement released at the time, Citrix said it appeared hackers “may have accessed and downloaded business documents,” and that it was still working to identify what precisely was accessed or stolen. But in a letter sent to affected individuals dated Feb.

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CGI

JULY 3, 2020

Helping insurers monitor horticulture assets from space to reduce risks and ensure business continuity. This CGI blog post discusses monitoring horticulture assets from space to help insurers reduce risks and ensure business continuity. Fri, 07/03/2020 - 02:22.

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Security Affairs

MAY 21, 2021

The US insurance giant CNA Financial reportedly paid a $40 million ransom to restore access to its files following a ransomware attack. CNA Financial, one of the largest insurance companies in the US, reportedly paid a $40 ransom to restore access to its files following a ransomware attack that took place in March. Pierluigi Paganini.

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IT Governance

JUNE 4, 2020

See also: Catches of the month for May 2020. Catches of the month for April 2020. Catches of the month for March 2020. Palo Alto Networks discovered that healthcare agencies, governments, universities with medical centres, medical publishing firms and insurance companies have been targeted by sophisticated scams.

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Lenny Zeltser

JULY 1, 2020

In June 2020, the Federal Trade Commission (FTC) warned that “imposters are filing claims for unemployment benefits [in the US], using the names and personal information of people who have not filed claims.” I wrote this article to help other victims of this unemployment insurance fraud and identity theft scam.

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Insurance Data breaches Government IT 120

OpenText Information Management

JANUARY 6, 2020

For 2020, we’re going to see financial services companies accentuate and accelerate the priorities of recent years. Financial Services and Insurance organizations will continue … The post Information Advantage for Financial Services in 2020 appeared first on OpenText Blogs.

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Krebs on Security

OCTOBER 30, 2024

“Affected insurance providers can contact us to prevent leaking of their own data and [remove it] from the sale,” RansomHub’s victim shaming blog announced on April 16. According to the HIPAA Journal, the biggest penalty imposed to date for a HIPPA violation was the paltry $16 million fine against the insurer Anthem Inc.

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Insurance Ransomware Data breaches Computer and Electronics 283

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.

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Krebs on Security

JULY 9, 2021

The Texas Bankers Association documented at least 139 chain gang attacks against Texas financial institutions in the year ending November 2020. Tracey Santor is the bond product manager for Travelers , which insures a large number of financial institutions against this type of crime. Image: Texas Bankers Association.

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Hunton Privacy

JANUARY 2, 2019

New cybersecurity rules for insurance companies licensed in South Carolina are set to take effect in part on January 1, 2019. The new law is the first in the United States to be enacted based on the data security model law drafted by the National Association of Insurance Commissioners.

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Reltio

DECEMBER 22, 2020

While 2020 has been challenging, challenges make us stronger. We continue to strengthen our customer list with leaders in Financial Services, Insurance, CPG, Apparel, High Tech, and other industries. As we say goodbye to 2020 with gratitude for lessons learned, we look forward to saying hello to a better and brighter 2021! .

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Hunton Privacy

AUGUST 6, 2019

On August 2, 2019, New Hampshire Governor Chris Sununu signed into law SB 194 (the “Bill”), which requires insurers licensed in the state (“licensees”) to put in place data security programs and report cybersecurity events. The state insurance commissioner may take “necessary or appropriate” action to enforce the new law.

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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.

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IT Governance

JANUARY 9, 2020

Cyber insurance has in some regions encouraged victims to pay as it is cheaper than remediation in some cases. Despite the rise in sophisticated attacks, 2020 will continue to see newbies and unskilled attackers using toolkits from the dark web to launch scams (such as sexploitation), and phishing and ransomware attacks.

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IT Governance

JULY 30, 2024

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. Back in 2020, most organisations hadn’t planned for a pandemic, for example. Then there’s insurance. In just a few days, between 18 and 22 July, CrowdStrike ($CRWD) lost 23.1%

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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.

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Security Affairs

FEBRUARY 26, 2023

Now News Corp revealed that the threat actor behind the security breach first gained a foothold in the company infrastructure in February 2020. Exposed data include name, date of birth, Social Security number, driver’s license number, passport number, financial account information, medical information, and health insurance information.

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Security Affairs

JULY 21, 2021

Experts found a DB containing sensitive health insurance data belonging to customers of US insurance giant Humana. An SQL database containing what appears to be highly sensitive health insurance data of more than 6,000 patients has been leaked on a popular hacker forum. Drug prescription listings).

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Data Matters

SEPTEMBER 3, 2020

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. NAIC Considers Comments to the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act . GCC Template and Instructions.

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Data Breach Today

OCTOBER 25, 2022

State Regulators Aggressively Apply Enforcement Actions in Cybersecurity Incidents Health insurer EyeMed Vision Care will pay New York regulators $4.5 million to settle an investigation into its 2020 data breach incident.

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Security Affairs

AUGUST 21, 2020

The University of Utah admitted having paid a $457,059 ransom after the ransomware attack that took place on July 19, 2020, that infected systems on the network of the university’s College of Social and Behavioral Science [CSBS]). The university did not reveal the ransomware family involved in the attack.

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DXC Technology

JULY 14, 2020

That’s certainly true when it comes to insurance, as evidenced by the findings of our recent consumer survey. Based on responses from more than 2,000 individuals in the United States, the 2020 DXC Insurance Survey Report presents […].

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Krebs on Security

OCTOBER 28, 2020

In March 2020, KrebsOnSecurity alerted Swedish security giant Gunnebo Group that hackers had broken into its network and sold the access to a criminal group which specializes in deploying ransomware. The REvil actor claimed that on average roughly one in three of its victims agrees to pay an extortion fee.

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Krebs on Security

NOVEMBER 3, 2022

On October 21, 2020, Vastaamo became the target of blackmail when a tormentor identified as “ ransom_man ” demanded payment of 40 bitcoins (~450,000 euros at the time) in return for a promise not to publish highly sensitive therapy session notes Vastaamo had exposed online. The extortion message targeted Vastaamo patients.

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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.

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DXC Technology

MARCH 31, 2020

At the start of the year, DXC Technology issued its 2020 predictions for the future of work, which show renewed focus on technology to drive growth while ensuring the right environment for the teams and leaders to take companies into the future.

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Krebs on Security

APRIL 26, 2021

According to Experian’s FAQ, when locked your Experian credit file remains accessible to a host of companies, including: -Potential employers or insurance companies. Signing up for a lock service lets Experian continue selling credit report information to a variety of third parties. Companies providing pre-screened credit card offers.

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Security Affairs

MAY 13, 2020

Magellan Health, a for-profit managed health care and insurance firm, was the victim of a ransomware attack. Magellan Health Inc announced it was the victim of a ransomware attack that took place on April 11, 2020, the company also confirmed that hackers have stolen personal information from one of its corporate servers.

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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”).

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Data Matters

AUGUST 27, 2020

In almost the first three quarters of 2020, the U.S. Department of Health and Human Services, Office for Civil Rights (“OCR”) has settled three cases related to alleged violations of the Health Insurance Portability and Accountability Act (“HIPAA”), totaling $1,165,000. On March 3, 2020 , Steven A.

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