Hunton Privacy

JUNE 9, 2022

515 , making Vermont the twenty-first state to enact legislation based on the National Association of Insurance Commissioners Insurance Data Security Model Law (“MDL-668”). The law will go into effect on January 1, 2023. On May 27, 2022, Vermont Governor Phil Scott signed H.515 Information Security Program Requirements.

Insurance 107

Insurance Security Information Security Cybersecurity 107

Security Affairs

AUGUST 16, 2023

Starting from May 2023, researchers from Cofense discovered a large-scale phishing campaign using QR codes in attacks aimed at stealing the Microsoft credentials of users from multiple industries One of the organizations targeted by hackers is a notable energy company in the US. ” reads Cofense’s report.

Phishing 246

Phishing Energy and Utilities Insurance Manufacturing 246

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

Hunton Privacy

DECEMBER 4, 2023

On November 28, 2023, the New York Department of Financial Services (“NYDFS”) announced that First American Title Insurance Company (“First American”), the second-largest title insurance company in the United States, would pay a $1 million penalty for violations of the NYDFS Cybersecurity Regulation in connection with a 2019 data breach.

Financial Services 64

Financial Services Data breaches Insurance Cybersecurity 64

OpenText Information Management

NOVEMBER 22, 2023

The word ‘rollercoaster’ best sums up 2023. All of these elements have put pressure on the financial … The post Predictions for the financial services industry in 2024 appeared first on OpenText Blogs.

Financial Services 59

Financial Services Artificial Intelligence Customer Experience Content services 59

Thales Cloud Protection & Licensing

JANUARY 16, 2024

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. As set out in its Article 2, DORA applies to the entire financial services sector.

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

IBM Big Data Hub

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. One example of this is in insurance.

Financial Services 48

Financial Services Customer Experience Cloud Digital transformation 48

IT Governance

DECEMBER 11, 2023

Source (New) Transport USA Yes 129,611 Tcman Source (New) Manufacturing Spain Yes 108 GB (179 files) Compass Group Italia Source (New) Hospitality Italy Yes 107 GB Pan-American Life Insurance Group, Inc. Incorporated Source (Update) Insurance USA Yes 7,361 Advantis Global, Inc. and Robert W. Baird & Co.

Data Privacy 97

Data Privacy Energy and Utilities Privacy Manufacturing 97

Reltio

JUNE 20, 2023

Real-time and AI-driven Modern MDM: Reltio is a Leader in MDM We’re pleased to share that Reltio has been named a Leader in The Forrester Wave™: Master Data Management, Q2 2023 among 12 vendors. Reltio received the highest score in the Strategy category and one of the highest scores in the Current Offering category.

MDM 98

MDM Cloud B2C B2B 98

IT Governance

NOVEMBER 13, 2023

On 14 September, Mulkay discovered that the compromised files contained personal information, including “name, address, date of birth, Social Security number, driver’s license number or state ID, medical treatment information, and health insurance information”. Records breached: 79,582 Ontario hospitals update: information relating to 5.6

Data Privacy 74

Data Privacy Privacy Security Data breaches 74

The Last Watchdog

SEPTEMBER 24, 2024

The breach was initially caused by a third-party malicious actor who infiltrated NPD’s systems in December 2023. Credit monitoring services provide ongoing tracking of credit reports for suspicious activity, and some even offer insurance for identity theft-related losses. NPD reported the exposure of over 2.7 billion records.

Authentication 216

Authentication IT ROT Compliance 216

Data Protection Report

JANUARY 30, 2023

educational enrollment or opportunity; e. employment opportunities; f. financial or lending services; g. health-care services; h. housing; or i. insurance. 1798.135(a).) The other four requirements were already present in New York’s General Business Law § 399-z. 8. b.

Privacy 115

Privacy Cybersecurity Personal data Insurance 115

Hunton Privacy

NOVEMBER 8, 2023

On November 1, 2023, New York Governor Hochul announced that the New York State Department of Financial Services (“NYDFS”) amended its Cybersecurity Regulation applicable to covered financial institutions. Notably, however, the new reporting requirements will take effect sooner, on December 1, 2023.

Cybersecurity 72

Cybersecurity Compliance IT Financial Services 72

Info Source

SEPTEMBER 26, 2024

KEY TAKEAWAYS Globally end customer organisations invested close to 7 Billion US$ into IDP solutions in 2023. 2023 showed a particularly strong growth of IDP solutions offered by vendors who specialise in enterprise automation solutions. In North America the demand for IDP solutions accelerated in 2023. grade schools).

Marketing 52

Marketing Energy and Utilities e-Discovery Records Management 52

ARMA International

APRIL 18, 2022

Certain sectors, such as banking, financial services, health, and insurance have their own data protection and privacy requirements. Code § 1798.105 (State of California, Effective January 1, 2023). 6-1-1308 (State of Colorado, Effective July 2023). 577 (State of Virginia, Effective January 1, 2023).

Personal data 116

Personal data GDPR Privacy Records Management 116

OpenText Information Management

JANUARY 24, 2025

This EU regulation, which came into force on January 16, 2023, and will apply as of January 17, 2025, aims to fortify the IT security of financial entities and ensure the European financial sector can withstand major operational disruptions.

IT 52

IT Compliance Risk Cloud 52

KnowBe4

MARCH 28, 2023

CyberheistNews Vol 13 #13 | March 28th, 2023 [Eye Opener] How to Outsmart Sneaky AI-Based Phishing Attacks Users need to adapt to an evolving threat landscape in which attackers can use AI tools like ChatGPT to craft extremely convincing phishing emails, according to Matthew Tyson at CSO. "A He covers it from all angles!

Phishing 105

Phishing Security awareness Insurance Cybersecurity 105

Info Source

MAY 30, 2024

The company is targeting an enterprise version of Docfai at legal, insurance, financial services, auditing and merger and acquisition type applications. million in annual revenue in 2023, almost double what it did in 2022. Ripcord seeking additional funding Ripcord has been growing rapidly in recent years.

Financial Services 40

Financial Services Artificial Intelligence Insurance Content services 40

Info Source

SEPTEMBER 15, 2023

VERTICAL MARKETS In the Global Capture & IDP market, the Finance Segment (including Banking and Financial Services combined with Insurance) continued to represent the largest industry sector. Sales into the Banking vertical increased slightly above the global market average.

Information capture 52

Information capture Marketing Records Management Customer Experience 52

Info Source

DECEMBER 8, 2023

In our vertical market sizing and analysis, we cover horizontal use cases e.g., accounting, HR management, as well as vertical specific use cases e.g., bank account opening, mortgage processing and insurance claims processing. The major Capture & IDP use cases in the Insurance sector also relate to Case Management.

Marketing 40

Marketing Customer Experience Energy and Utilities Digital transformation 40

IT Governance

MARCH 11, 2024

Cybernews’s research team discovered the MongoDB server in December 2023 and contacted Glosbe. Source (New) Finance USA Yes 3,494 Woodruff Sawyer Source (New) Insurance USA Yes 3,087 Blackburn College Source (New) Education USA Yes 3,039 CAIRE Inc. billion in cyber crime losses in 2023 – a 22% increase on 2022’s figures.

Data Privacy 78

Data Privacy Privacy Security Data breaches 78

Info Source

JANUARY 30, 2025

This presents a strong basis for future growth with the following drivers: Competitive Pressure and Market Dynamics : The banking and insurance sectors are facing increasing competitive pressure from newer players like neo-banks and InsurTech service providers, as well as embedded financial services.

Marketing 52

Marketing B2B Digital transformation Customer Experience 52

Thales Cloud Protection & Licensing

MARCH 31, 2025

Industries on High Alert Financial Services : Transactions, trading algorithms, and high-value customer data. Healthcare : Patient records, genomic data, and insurance files. million average breach cost reported by IBM in 2023. Government & Defence : Classified intel and critical infrastructure controls.

Security 62

Security Encryption e-Discovery Compliance 62

IBM Big Data Hub

MARCH 27, 2024

The United States saw 25 climate disaster events in 2023 with losses of more than USD 1 billion each. Substantial repair costs might arise, particularly impacting insurance companies. To put it simply, climate risk is the potential for the effects of climate change to disrupt our current economic and social structures.

Risk 60

Risk Artificial Intelligence Agriculture Financial Services 60

KnowBe4

JUNE 20, 2023

CyberheistNews Vol 13 #25 | June 20th, 2023 [Fingerprints All Over] Stolen Credentials Are the No. Find out with the BRAND-NEW 2023 Phishing By Industry Benchmarking Report, which analyzed a data set of 12.5 It also highlights the difficult obstacles confronted by international organizations in preventing state-sponsored cybercrime.

Data breaches 100

Data breaches Phishing Security awareness Ransomware 100

IT Governance

JANUARY 23, 2024

million customers’ data stolen VF Corporation – the parent company of many popular clothing brands, including Vans and The North Face – has confirmed in its Form 8-K/A filing to the US Securities and Exchange Commission (an amendment to its original Form 8-K filing ) that its December 2023 cyber attack resulted in the theft of 35.5

Data Privacy 52

Data Privacy Privacy Manufacturing Security 52

Reltio

FEBRUARY 22, 2024

We unveiled the velocity packs in February, featuring pre-built connectors and smooth integrations to speed deployment for clients in sectors like healthcare, financial services, and insurance. We also burnished our reputation as an AI trailblazer in 2023.

Customer Experience 52

Customer Experience Healthcare MDM Digital transformation 52

KnowBe4

FEBRUARY 14, 2023

CyberheistNews Vol 13 #07 | February 14th, 2023 [Scam of the Week] The Turkey-Syria Earthquake Just when you think they cannot sink any lower, criminal internet scum is now exploiting the recent earthquake in Turkey and Syria. I talk often about the back-and-forth that exists between cybercriminal groups and security vendors. businesses.

Phishing 98

Phishing Security awareness Compliance Security 98

Info Source

AUGUST 5, 2019

TimelinePI focuses on the healthcare, financial services, and insurance industries, and offers solutions in areas like human resources, procurement, and robotic process automation (RPA), which is an area of crossover with ABBYY. billion by 2023—representing a CAGR of 50%.

Analytics 40

Analytics Marketing Financial Services Insurance 40

Info Source

AUGUST 5, 2019

The acquisition of TimelinePI represents a significant milestone in establishing ABBYY’s leadership role in the digital transformation market as well as a global player in the emerging process mining market, which Gartner estimates will triple by 2023. We call this Digital IQ for the enterprise.

Digital transformation 40

Digital transformation Mining Artificial Intelligence Marketing 40

IT Governance

FEBRUARY 21, 2024

Further victims of Harvard Pilgrim Health Care ransomware attack identified Harvard Pilgrim Health Care suffered a ransomware attack in April 2023, which it has been investigating since then. Welfare Benefits Plan Source 1 ; source 2 New Healthcare USA Yes 13,079 Insurance ACE/Humana Inc. Data breached: 2.7

Data Privacy 52

Data Privacy Manufacturing Privacy Energy and Utilities 52

IBM Big Data Hub

APRIL 18, 2024

According to Andreessen Horowitz (link resides outside IBM.com ) , in 2023, the average spend on foundation model application programming interfaces (APIs), self-hosting and fine-tuning models across surveyed companies reached USD 7 million. Financial services AGI might revolutionize financial analysis by going beyond traditional methods.

Artificial Intelligence 89

Artificial Intelligence Marketing e-Delivery Manufacturing 89

KnowBe4

MAY 31, 2023

CyberheistNews Vol 13 #22 | May 31st, 2023 [Eye on Fraud] A Closer Look at the Massive 72% Spike in Financial Phishing Attacks With attackers knowing financial fraud-based phishing attacks are best suited for the one industry where the money is, this massive spike in attacks should both surprise you and not surprise you at all.

Phishing 102

Phishing File names Security awareness Risk 102

IT Governance

APRIL 29, 2024

Known data breached Discord (via Spy.pet) Source (New) IT services USA Yes 4,186,879,104 Baidu, Inc.,

Data Privacy 91

Data Privacy Privacy Manufacturing Security 91

Collibra

JANUARY 27, 2022

The long awaited International Financial Reporting Standard (IFRS-17) is finally upon us – coming into effect on January 1, 2023. IFRS-17 is one of the most consequential accounting standards enacted in decades for the recognition, measurement, presentation and disclosure of insurance contracts. Why is IFRS-17 important?

Compliance 52

Compliance Cloud Insurance Metadata 52

Krebs on Security

NOVEMBER 14, 2024

In December 2023, KrebsOnSecurity revealed the real-life identity of Rescator , the nickname used by a Russian cybercriminal who sold more than 100 million payment cards stolen from Target and Home Depot between 2013 and 2014. Shefel did not respond to requests for comment in advance of that December 2023 profile.

Retail 260

Retail Ransomware Marketing Healthcare 260

Info Source

DECEMBER 18, 2024

The most advanced sectors in digital transformation, such as Banking and Insurance, are leading in AI adoption. Sector-Specific Opportunities : The report identifies significant opportunities in sectors with advanced digital transformation, such as Banking, Insurance, Healthcare, and Manufacturing.

Marketing 52

Marketing Digital transformation Insurance Manufacturing 52