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 275

Insurance Ransomware Data breaches Computer and Electronics 275

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 300

Insurance Phishing Security 300

IT Governance

JULY 30, 2024

But as a reminder, here are some key facts about the CrowdStrike incident: CrowdStrike is a publicly listed security company, which provides security software to – among many other large organisations – Microsoft. The outage was caused by a bad security update rolled out by CrowdStrike. Then there’s insurance.

Insurance 104

Insurance Risk Encryption Manufacturing 104

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

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. Key provisions of the Bill include: Information Security Program. Incident Response Plan.

Insurance 81

Insurance Security Cybersecurity Information Security 81

IT Governance

JANUARY 9, 2020

Almost everyone wants to know what the future has in store – particularly when it comes to cyber security. With that in mind, Geraint Williams, IT Governance’s chief information security officer, discusses his cyber security predictions in the upcoming year. Our predictions. Ransomware will continue to increase.

Security 98

Security IoT Phishing Ransomware 98

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. ” The company added that they are not aware of reports of identity theft or fraud in connection with the security breach. .”

IT 98

IT Data breaches Insurance Cybersecurity 98

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 66

Compliance Security Risk Encryption 66

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 66

Insurance Paper Risk Analytics 66

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.

Insurance 60

Insurance Security Cybersecurity Data breaches 60

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 66

Insurance Paper Artificial Intelligence Big data 66

Krebs on Security

APRIL 26, 2021

Last week, KrebsOnSecurity heard from a reader who had his freeze thawed without authorization through Experian’s website, and it reminded me of how truly broken authentication and security remains in the credit bureau space. “They’re allowing this huge security gap so they can make a profit. .”

Security 345

Security Authentication Access Insurance 345

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 77

Insurance Financial Services Cybersecurity Risk 77

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 363

Ransomware Insurance Phishing IT 363

Security Affairs

FEBRUARY 8, 2024

26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 million unfilled cyber security jobs, showing a big need for skilled professionals. million per breach.

Security 140

Security Phishing IoT Ransomware 140

The Last Watchdog

MAY 24, 2021

Akamai, which happens to be the Hawaiian word for “smart,” recently released its annual State of the Internet security report. 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

Financial Services 178

Financial Services Passwords Data breaches Authentication 178

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

IT Governance

DECEMBER 14, 2021

With organisations’ cyber security requirements becoming more complex and the threat of cyber attacks growing each year, many decision-makers are turning towards cyber security as a service. This approach, also known as managed cyber security, works by outsourcing cyber security to a third party. You’ll save money.

Security 130

Security Insurance Data breaches Information Security 130

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 company has operations in 25 countries, more than 4,000 employees, and billions in revenue annually.

Security 359

Security Ransomware Agriculture Cybersecurity 359

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 119

Phishing Insurance Sales Government 119

IT Governance

FEBRUARY 15, 2022

This is as true in the cyber security landscape as it is in any other. After all, who at the start of 2020 could have foreseen what the next two years would be like? To help you understand what might be in store in 2022, we’ve collected nine forecasts from cyber security experts. Cyber insurance premiums will increase.

Security 142

Security Insurance Authentication Passwords 142

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

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 334

Insurance Personal data Authentication IT 334

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

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.” ” How do such scams look from the victim’s perspective, and what can you do if you’re affected?

Insurance 120

Insurance Data breaches Government IT 120

IT Governance

MARCH 20, 2024

In the UK, cyber security has been dropping down the board’s list of priorities. The UK government’s Cyber Security Breaches Survey 2023 confirms this trend. Fewer directors, trustees and other senior managers of both UK businesses and charities see cyber security as a high priority in 2023 compared to 2022. Specifically, a 13.4%

Security 107

Security Data breaches Government Insurance 107

Hunton Privacy

OCTOBER 25, 2022

million fine to Interserve Group Limited for failing to keep employee personal data secure, which violates Article 5(1)(f) and Article 32 of the EU General Data Protection Regulation (“GDPR”), during the period of March 2019 to December 2020. On October 24, 2022, the UK Information Commissioner’s Office (“ICO”) issued a £4.4

Security 97

Security Personal data GDPR Insurance 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. What was leaked? Drug prescription listings).

Insurance 120

Insurance Passwords Libraries Access 120

Krebs on Security

JUNE 18, 2021

Securities and Exchange Commission settled its investigation into the matter after the Fortune 500 company agreed to pay a paltry penalty of less than $500,000. The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 This week, the U.S. First American Financial Corp.

Insurance 314

Insurance Risk Financial Services Mining 314

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 324

Insurance Financial Services Mining Access 324

Security Affairs

OCTOBER 4, 2020

Every week the best security articles from Security Affairs free for you in your email box. The post Security Affairs newsletter Round 284 appeared first on Security Affairs. A new round of the weekly SecurityAffairs newsletter arrived! Copyright (C) 2014-2015 Media.net Advertising FZ-LLC All Rights Reserved -->.

Security 113

Security Ransomware Insurance Information Security 113

eSecurity Planet

AUGUST 9, 2022

Regulatory compliance and data privacy issues have long been an IT security nightmare. GDPR (among other legal requirements in the EU and elsewhere) can expose multinational organizations to hefty financial penalties, additional rules for disclosing data breaches, and increased scrutiny of the adequacy of their data security.

Data Privacy 144

Data Privacy Compliance Privacy Security 144

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. Furthermore, carriers or their representatives must typically secure explicit consent from customers before utilizing, disclosing, or permitting access to such data.

Insurance 120

Insurance Communications Access IT 120

eSecurity Planet

FEBRUARY 14, 2023

I remember the first time we were asked for a SOC 2 report, which quickly became the minimum bar requirement in our industry for proof of an effective security program,” he said. The vision was to automate security and compliance across 14 frameworks, including SOC 2, ISO 27001, HIPAA and GDPR. Other investors included J.P.

Compliance 109

Compliance Security Cybersecurity Marketing 109

Security Affairs

JUNE 2, 2023

In April, the non-profit health insurer Point32Health took systems offline in response to a ransomware attack that took place on April 17. The insurer immediately launched an investigation into the incident with the help of third-party cybersecurity experts to determine the extent of the incident. between June 2020 and present.

Ransomware 98

Ransomware Insurance Data breaches Cybersecurity 98

The Last Watchdog

DECEMBER 18, 2023

18, 2023 – Salvador Technologies , the pioneering cyber-attack recovery platform provider for critical infrastructures and industrial organizations, today announced that it has secured $6m in funding. Rehovot, Israel Dec. For more information, please visit www.salvador-tech.com. Media contact: Tony Miller +972 544 870 808 | tony@noteya.com

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Artificial Intelligence Manufacturing Insurance Marketing 100