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

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

The Last Watchdog

SEPTEMBER 24, 2024

The data began leaking in April 2024, and by summer, it was being sold on the dark web for $3.5 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

OCTOBER 17, 2024

On October 16, 2024, the New York Department of Financial Services (“NYDFS” or “DFS”) issued guidance raising awareness about combatting cybersecurity risks arising from artificial intelligence (“AI”) used by DFS licensees, such as insurers and virtual currency businesses.

Artificial Intelligence 56

Artificial Intelligence Financial Services Risk Cybersecurity 56

Krebs on Security

NOVEMBER 14, 2024

Nor did he respond to reporting here in January 2024 that he ran an IT company with a 34-year-old Russian man named Aleksandr Ermakov , who was sanctioned by authorities in Australia, the U.K. for stealing data on nearly 10 million customers of the Australian health insurance giant Medibank.

Retail 234

Retail Ransomware Marketing Healthcare 234

Security Affairs

JUNE 29, 2024

IMS specializes in providing business process outsourcing (BPO) and information technology (IT) services specifically tailored for the insurance and financial services industries. Infosys McCamish Systems (IMS) revealed that the 2023 data breach following the LockBit ransomware attack impacted 6 million individuals.

Data breaches 107

Data breaches e-Discovery Ransomware Insurance 107

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. Regulated entities generally have until April 29, 2024 to comply with the amended Regulation.

Cybersecurity 72

Cybersecurity Compliance IT Financial Services 72

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

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. As measured by revenue, as of 2024. Reltio now proudly serves all of the Top 10 Pharmaceutical companies in the world.¹

Customer Experience 52

Customer Experience Healthcare MDM Digital transformation 52

Info Source

MAY 30, 2024

Ralph Gammon, Senior Analyst at Infosource May 2024 Ripcord first came onto our radar in 2017, most notably for innovative high-volume scanners, but it also had some early artificial intelligence (AI) powered technology for providing cloud-based Capture, Intelligent Document Processing (IDP) and Content Services to its outsourcing customers.

Artificial Intelligence 40

Artificial Intelligence Financial Services Insurance Content services 40

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

Info Source

SEPTEMBER 26, 2024

In our forecast period from 2024 to 2028 we predict a double digit CAGR, a slight increase compared to the past four years, which were heavily influenced by the pandemic. The demand in Asia continued at a high level in 2023, similar to 2022 which marked a strong recovery after the pandemic. Both segments experienced double digit growth YOY.

Marketing 52

Marketing Energy and Utilities e-Discovery Records Management 52

Thales Cloud Protection & Licensing

JANUARY 15, 2024

Financial Supervision in a Digital World madhav Tue, 01/16/2024 - 05:44 If you’ve been working in the finance sector over the past few years, you will have noticed some big changes in the world of financial supervision. Twenty years ago, Financial Supervision was still being done mostly by hand.

Unstructured data 71

Unstructured data B2B Access Financial Services 71

Data Protection Report

OCTOBER 23, 2024

On October 2, 2024, the New York State Department of Health (DOH) published a new cybersecurity regulation (10 NYCRR 405.46) for all general hospitals licensed pursuant to article 28 of the Public Health Law. Incident Response Plans should be updated to address the new 72-hour rule to notify the NYDOH.

Cybersecurity 45

Cybersecurity Risk Access Financial Services 45

IBM Big Data Hub

APRIL 18, 2024

Nearly all respondents reported promising early results from gen AI experiments and planned to increase their spending in 2024 to support production workloads. 46% of survey respondents in 2024 showed a preference for open source models. Financial services AGI might revolutionize financial analysis by going beyond traditional methods.

Artificial Intelligence 89

Artificial Intelligence Marketing e-Delivery Manufacturing 89

Info Source

OCTOBER 6, 2020

We see examples in financial services, insurance, transportation and logistics, healthcare and other industries where gaps in insight can have a huge impact on the customer experience. billion by 2024, and recognized ABBYY as a Leader in the category.

Analytics 40

Analytics Digital transformation Mining Data science 40

IT Governance

JANUARY 23, 2024

Source (New) Real estate USA Yes 46,906 Hampton-Newport News Community Services Board Source 1 ; source 2 ; source 3 (New) Healthcare USA Yes 44,312 Air Methods Source 1 ; source 2 (New) Healthcare USA Yes 34,016 GREYHOURS Source (New) Retail France Yes 18,700 Groveport Madison Schools Source 1 ; source 2 ; source 3 (Update) Education USA Yes 15.5

Data Privacy 52

Data Privacy Privacy Manufacturing Security 52

IBM Big Data Hub

MARCH 20, 2024

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust. Read to learn more about cloud adoption within financial services?

Cloud 72

Cloud Financial Services Risk Business Services 72

IT Governance

MARCH 11, 2024

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. Key dates 31 March 2024 – PCI DSS v4.0 Key dates 31 March 2024 – PCI DSS v4.0 about the recent rise in Facebook and Instagram account takeovers by scammers. of the Standard.

Data Privacy 69

Data Privacy Privacy Security Data breaches 69

IT Governance

FEBRUARY 21, 2024

In January 2024, it identified more potential victims, and has now written to inform them that their personal data may have been compromised in the incident. Welfare Benefits Plan Source 1 ; source 2 New Healthcare USA Yes 13,079 Insurance ACE/Humana Inc. The total number of victims is now more than 5 million.

Data Privacy 52

Data Privacy Manufacturing Privacy Energy and Utilities 52

Hunton Privacy

FEBRUARY 28, 2024

As reported on the Hunton Employment & Labor Perspectives blog , on February 15, 2024, California lawmakers introduced the bill AB 2930. AB 2930 seeks to regulate use of artificial intelligence (“AI”) in various industries to combat “algorithmic discrimination.”

Artificial Intelligence 58

Artificial Intelligence Government Risk Compliance 58

IT Governance

APRIL 29, 2024

Known data breached Discord (via Spy.pet) Source (New) IT services USA Yes 4,186,879,104 Baidu, Inc., 30 April 2024 – ISO/IEC 27001:2013 certification unavailable Certification bodies must stop offering (re)certification to ISO 27001:2013 by 30 April.

Data Privacy 82

Data Privacy Privacy Manufacturing Security 82

Collibra

JANUARY 18, 2022

The financial services industry has had a longstanding tradition of being at the forefront of adopting new technologies. The regulatory landscape will undergo significant changes over 2022-2024, with amendments to existing regulations and the emergence of new ones.

Financial Services 52

Financial Services Cloud Government Risk 52

IT Governance

JANUARY 16, 2024

GB Rebekah Children’s Services Source (New) Non-profit USA Yes 2,805 Butte School District Source 1 ; source 2 (Update) Education USA Yes 2,658 Dignity Health Nevada St. Source (New) Real estate USA Yes 10 GB Unitex Source (New) Manufacturing USA Yes 9.5

Data Privacy 52

Data Privacy Privacy Manufacturing Retail 52