IT Governance

OCTOBER 15, 2020

That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? What is cyber insurance? How does cyber insurance work? What does a cyber insurance policy cover? Who needs cyber insurance?

Insurance 119

Insurance Data breaches Risk Security 119

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.

Insurance 113

Insurance Security Compliance Privacy 113

Data Breach Today

JANUARY 30, 2021

Researchers: Phishing Campaign Targeting Insurance and Legal Industries Trickbot appears to be making a comeback with a fresh campaign that is targeting insurance companies and legal firms in North America, according to an analysis by Menlo Security.

Insurance 299

Insurance Phishing Security 299

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%

Insurance 100

Insurance Risk Encryption Manufacturing 100

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.

Insurance 266

Insurance Ransomware Data breaches Computer and Electronics 266

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.

Insurance 100

Insurance Ransomware Access IT 100

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 67

Insurance Paper Risk Analytics 67

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.

Insurance 98

Insurance Risk 98

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.

Financial Services 83

Financial Services Insurance 83

IBM Big Data Hub

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 56

Insurance Cloud Digital transformation Customer Experience 56

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.

Insurance 67

Insurance Paper Artificial Intelligence Big data 67

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 78

Insurance Financial Services Cybersecurity Risk 78

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.

IT 98

IT Data breaches Insurance Cybersecurity 98

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 […].

Insurance 63

Insurance Digital transformation IT 63

Adam Levin

DECEMBER 8, 2020

The personal information of thousands of Israeli citizens has been compromised as the result of a cyberattack on Shirbit, a leading insurance company. . The group is also thought to have been behind an unsuccessful cyberattack on an Israeli defense corporation earlier in 2020. .

Insurance 52

Insurance Marketing Government Access 52

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.

Insurance 60

Insurance IT 60

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.

Data breaches 130

Data breaches Insurance Cybersecurity IT 130

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.

Phishing 117

Phishing Insurance Sales Marketing 117

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! .

Digital transformation 98

Digital transformation Financial Services Insurance Cloud 98

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.

Insurance 77

Insurance Cybersecurity Data breaches Encryption 77

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.

Insurance 120

Insurance Data breaches Government IT 120

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.

Financial Services 178

Financial Services Passwords Data breaches Authentication 178

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

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

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 362

Ransomware Insurance Phishing IT 362

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.

Insurance 81

Insurance Security Cybersecurity Information Security 81

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.

Insurance 52

Insurance Risk 52

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.

Insurance 52

Insurance Risk 52

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.

Compliance 67

Compliance Security Risk Encryption 67

Krebs on Security

JANUARY 29, 2021

The unprecedented volume of unemployment insurance fraud witnessed in 2020 hasn’t abated, although news coverage of the issue has largely been pushed off the front pages by other events. Another 17 percent of claims — nearly $20 billion more – are suspected fraud. In a notice posted Jan. 28 , the U.S.

Insurance 326

Insurance Personal data Authentication IT 326

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.

Security 97

Security IoT Phishing Ransomware 97

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).

Insurance 123

Insurance Passwords Libraries Access 123

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.

Insurance 319

Insurance Financial Services Mining Access 319

Security Affairs

APRIL 29, 2024

The fines come as a result of the Notices of Apparent Liability (NAL) issued by the FCC against AT&T, Sprint, T-Mobile, and Verizon in February 2020. The FCC has fined four major U.S. wireless carriers nearly $200 million for unlawfully selling access to real-time location data of their customers without consent.

Insurance 123

Insurance Communications Access IT 123

Information Governance Perspectives

MARCH 10, 2020

Welcome to the AIIM 2020 Keynote Session Tomorrow’s Jobs Today, thinking beyond information management. For an insurance carrier, the goal is to protect people’s livelihoods and helping us get back on our feet after a disaster. Full transcript below. For a film studio, that’s producing content, and entertaining your audience.

Insurance 52

Insurance Blockchain Privacy Big data 52

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.

Insurance 305

Insurance Risk Financial Services Mining 305

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 87

Insurance e-Delivery Paper Cybersecurity 87