Data Protection Report

DECEMBER 5, 2024

Threat actors targeted online auto insurance quoting applications, obtaining Nonpublic Information (“NPI”) such as driver’s license numbers and dates of birth, which were then used to file fraudulent unemployment claims during the COVID-19 pandemic. In total, the two insurers agreed to pay $11.3 million for the first insurer, and $1.55

Insurance 75

Insurance Cybersecurity Risk Encryption 75

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

Thales Cloud Protection & Licensing

OCTOBER 14, 2024

2024 Thales Global Data Threat Report: Trends in Financial Services madhav Tue, 10/15/2024 - 05:17 Financial services (FinServ) firms are key players in the global economy. Looking at FinServ firms’ top threats, ransomware attacks against this sector continue to grow, with 18% saying they had suffered an attack.

Financial Services 62

Financial Services Cloud Compliance Authentication 62

eSecurity Planet

FEBRUARY 16, 2021

Also Read: Best Encryption Tools & Software for 2021. We also look into the most dangerous strains today and predictions for 2021. Healthcare and financial services are the most attacked industries. Also Read: Top Threat Intelligence Platforms for 2021. Screenshot example. Statistics. Ransomware response.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

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. For example, Mondelez International Inc. complaint filed Oct.

Insurance 70

Insurance Cybersecurity Risk Education 70

The Last Watchdog

MAY 24, 2021

billion hitting financial services organizations — an increase of more than 45 percent year-over-year in that sector. billion web app attacks last year, with more than 736 million targeting financial services. billion web attacks globally; 736 million in the financial services sector. A: Everything.

Financial Services 178

Financial Services Passwords Data breaches Authentication 178

DLA Piper Privacy Matters

FEBRUARY 28, 2022

The Data Protection Commission (DPC) has published its 2021 Annual Report , highlighting key observations, emerging guidance, and large-scale inquiries and decisions of 2021. The DPC received a total of 6,549 valid notifications of personal data breaches in 2021. Complaints Handling.

Financial Services 97

Financial Services Data breaches Personal data Compliance 97

eSecurity Planet

SEPTEMBER 16, 2022

billion in reported fraud in 2021 alone. For example, Experian’s 2021 Global Identity and Fraud Report stated that 82% of surveyed businesses had adopted customer recognition strategies. According to a report by the United States Sentencing Commission, the median loss of healthcare fraud in 2021 was over $1 million per infraction.

Analytics 114

Analytics Risk Authentication Financial Services 114

Data Protection Report

JUNE 2, 2021

On May 13, 2021, the New York Department of Financial Services (NYDFS) announced a $1.8 million settlement with two related insurance companies, relating to violations of two different requirements of the NYDFS cybersecurity regulation during the period 2018 to 2019. NYDFS Cybersecurity Regulation.

Cybersecurity 71

Cybersecurity Insurance Financial Services Phishing 71

eSecurity Planet

JANUARY 21, 2021

LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. Insurance & claims management. The post Top GRC Tools & Software for 2021 appeared first on eSecurityPlanet. See our in-depth look at RSA Archer.

Compliance 68

Compliance Risk Government Retail 68

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

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. groups to non-U.S.

Insurance 68

Insurance Paper Risk Analytics 68

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. This resolution highlights the SEC’s continued focus on cybersecurity. 20, 2017).

Cybersecurity 68

Cybersecurity Financial Services Risk Compliance 68

Thales Cloud Protection & Licensing

OCTOBER 24, 2024

New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of Financial Services (NYDFS) is November 1, 2024.

Cybersecurity 62

Cybersecurity Financial Services Encryption Compliance 62

Krebs on Security

NOVEMBER 14, 2024

for stealing data on nearly 10 million customers of the Australian health insurance giant Medibank. In February, he and Ermakov were arrested on charges of operating a short-lived ransomware affiliate program in 2021 called Sugar (a.k.a. More urgently, Shefel needs money to stay out of prison.

Retail 235

Retail Ransomware Marketing Healthcare 235

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 Protection Report

NOVEMBER 16, 2022

BIPA exempts certain types of entities, namely, organizations that are governed by certain federal laws including the X-Ray Retention Act, the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”), and the Gramm-Leach-Bliley Act (“GLBA”). Who is covered by BIPA? 740 ILCS 14/25(b)-(c). DePaul University , Case No.

Financial Services 98

Financial Services Privacy Compliance Insurance 98

KnowBe4

MARCH 28, 2023

Strategies include: Developing a comprehensive, defense-in-depth plan Technical controls all organizations should consider Gotchas to watch out for with cybersecurity insurance Benefits of implementing new-school security awareness training Best practices for creating and implementing security policies Get the E-Book now!

Phishing 105

Phishing Security awareness Insurance Cybersecurity 105

eSecurity Planet

JUNE 16, 2022

The 2022 SonicWall Cyber Threat Report found that all types of cyberattacks increased in 2021. Major cyberattacks at companies like SolarWinds and Colonial Pipeline raised the public visibility of cybersecurity greatly in 2021, elevating it to a Presidential priority. Also read: Best Antivirus Software of 2022. Cyberattack Statistics.

Ransomware 144

Ransomware Cybersecurity Phishing Encryption 144

Data Matters

AUGUST 17, 2021

On August 11, 2021, the Federal Financial Institutions Examination Council (FFIEC)1 issued guidance establishing risk management principles and practices to support the authentication of users accessing a financial institution’s information systems and customers accessing a financial institution’s digital banking services (the Guidance).

Authentication 88

Authentication Access Risk Information Security 88

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

Thales Cloud Protection & Licensing

APRIL 1, 2021

Thu, 04/01/2021 - 14:04. Protecting Sensitive Data with Luna Key Broker for Microsoft Double Key Encryption. Today’s remote working environment relies heavily on the collaborative sharing of information, challenging organizations to maintain the security of confidential data and regulatory compliance while driving employee productivity.

Encryption 79

Encryption Compliance Cloud GDPR 79

eSecurity Planet

OCTOBER 5, 2021

This post has been updated for 2021. A 2021 survey found that approximately 49 percent of businesses adopted MFA in reaction to the COVID-19 pandemic. Banking, financial services, and insurance industries constitute the largest share of adopters, with North America leading adoption, according to Orbis Research.

Authentication 104

Authentication Passwords Access Computer and Electronics 104

AIIM

APRIL 14, 2022

According to the IDG 2021 Cloud Computing Survey , the majority (55%) of organizations are now using more than one public cloud. Although cloud services can drive cost savings, their main value lies in supporting a fast-moving digital business transformation. One specific example is the case of a large insurance company.

Cloud 104

Cloud Metadata Financial Services Insurance 104

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).

Authentication 68

Authentication Paper Risk Insurance 68

Info Source

FEBRUARY 15, 2022

Kryon’s AI-based and full cycle RPA has achieved leader rankings by industry analyst firms including Forrester 1 and IDC 2 , who ranked Kryon a leader alongside the three largest RPA vendors – UiPath, Automation Anywhere, and Blue Prism – within the recently published IDC MarketScape: Worldwide RPA Software 2021-2022 Vendor Assessment.

Financial Services 40

Financial Services Marketing Insurance Government 40

Info Source

FEBRUARY 15, 2022

Kryon’s AI-based and full cycle RPA has achieved leader rankings by industry analyst firms including Forrester 1 and IDC 2 , who ranked Kryon a leader alongside the three largest RPA vendors – UiPath, Automation Anywhere, and Blue Prism – within the recently published IDC MarketScape: Worldwide RPA Software 2021-2022 Vendor Assessment.

Financial Services 40

Financial Services Marketing Insurance Government 40

Adam Levin

NOVEMBER 17, 2020

You’re entitled to a free credit report from each major credit reporting agency every twelve months — and due to the COVID-19 pandemic, the bureaus are offering free weekly online reports through April 2021. You can request these reports from AnnualCreditReport.com. Report scams.

Retail 97

Retail e-Delivery Passwords Phishing 97

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. Nevertheless, EyeMed certified its compliance with the Cybersecurity Regulation annually, from 2018-2021.

Cybersecurity 52

Cybersecurity Personal data Risk Financial Services 52

DLA Piper Privacy Matters

AUGUST 23, 2021

In good news for organisations handling personal information, China’s Personal Information Protection Law (“ PIPL ”) was finalised on 20 August 2021, and will come into force on 1 November 2021.

Data Privacy 111

Data Privacy Privacy Compliance Analytics 111

Info Source

APRIL 2, 2019

The new platform can be leveraged by enterprise companies in financial services. and insurance, transportation and logistics, manufacturing, and other industries. billion in 2021. business operation, such as processing a loan application, insurance claim or bill of lading. automation (BPA). Several high-profile.

Artificial Intelligence 40

Artificial Intelligence Digital transformation Insurance Financial Services 40

Info Source

SEPTEMBER 15, 2023

KEY TAKEAWAYS Globally end customer organisations invested over 6 Billion US$ into Capture and IDP solutions in 2021. Demand in North America increased by high single digits in 2022 after a particularly strong 2021. Sales in Asia recovered after two difficult years caused by the pandemic.

Information capture 52

Information capture Marketing Records Management Customer Experience 52

Data Matters

NOVEMBER 2, 2021

Interestingly, the ProShares Bitcoin Strategy ETF that started trading on October 19, 2021, tracks the price of Bitcoin futures traded on the CME. In fact, in Q3 of 2021, ISDA initiated a survey among its members about digital assets trading over the prior 12 months as a step toward developing a whitepaper for this emerging asset class.

Blockchain 88

Blockchain Marketing Access Risk 88

Info Source

SEPTEMBER 26, 2024

Demand in North America accelerated in 2023, returning close to the post-pandemic growth rate of 2021.The VERTICAL MARKETS In the Global IDP market, the Finance segment (including Banking and Financial Services combined with Insurance) continued to represent the largest industry sector in 2023. grade schools).

Marketing 52

Marketing Energy and Utilities e-Discovery Records Management 52

KnowBe4

FEBRUARY 14, 2023

By Javvad Malik Insurance provider Hiscox has published its fifth annual cyber readiness report, which has some eye-opening statistics. link] A Size Comparison of Existing and (very interesting) Planned huge Skyscrapers: [link] Fabulous 2021 wingsuit montage. businesses.

Phishing 98

Phishing Security awareness Compliance Risk 98

Info Source

MARCH 16, 2022

For example, when submitting an insurance claim for a damaged item, inputs will be provided through a variety of channels including eforms, fax, scanned documents, voice, or video. The other market dynamic is the shift to communicating via multiple input channels using a wide range of formats often related to the same “case.”

Information capture 59

Information capture Marketing Digital transformation Cloud 59

Info Source

MARCH 16, 2022

For example, when submitting an insurance claim for a damaged item, inputs will be provided through a variety of channels including eforms, fax, scanned documents, voice, or video. The other market dynamic is the shift to communicating via multiple input channels using a wide range of formats often related to the same “case.”

Information capture 52

Information capture Marketing Digital transformation Cloud 52