IBM Big Data Hub

DECEMBER 4, 2023

IBM can help insurance companies insert generative AI into their business processes IBM is one of a few companies globally that can bring together the range of capabilities needed to completely transform the way insurance is marketed, sold, underwritten, serviced and paid for.

Insurance 53

Insurance Digital transformation Compliance Cloud 53

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 128

Insurance Ransomware Risk Data science 128

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

Data Matters

JANUARY 14, 2019

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”.

Insurance 68

Insurance Security Cybersecurity Data breaches 68

The Last Watchdog

AUGUST 22, 2019

A core security challenge confronts just about every company today. While the benefits of DX are highly-touted , this shift has also spawned a whole new tier of unprecedented privacy and security challenges. The cloud is kind of dragging this movement along and DevOps and security are center stage, at the moment.”

Digital transformation 147

Digital transformation Compliance Risk Security 147

Data Matters

FEBRUARY 11, 2019

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. 6491 (Act). MCL § 500.550.

Insurance 68

Insurance Security Cybersecurity FOIA 68

Rocket Software

MARCH 14, 2022

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries. Challenges to Effective IDP.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

OpenText Information Management

MAY 10, 2024

If it’s not accurate, accessible, and secure, organizations won’t get the desired results. Since AI relies on data to learn and improve, organizations must ensure their data is accurate, accessible, and secure. Implement least-privilege access controls to protect LLMs from nefarious modification.

Security 57

Security Artificial Intelligence Privacy Compliance 57

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

eSecurity Planet

MARCH 18, 2022

Many security professionals think that if they have done the hard work of securing their organization, that should be enough. Even though drafting IT security policies can be a pain, formal policies provide a valuable resource to protect both the IT team and their organization. Written security policies.

IT 123

IT Compliance Security Access 123

The Last Watchdog

JUNE 2, 2022

Big banks and insurance companies instilled the practice of requesting their third-party vendors to fill out increasingly bloated questionnaires, called bespoke assessments, which they then used as their sole basis for assessing third-party risk. It does this by ingesting and correlating data from a wide array of security-related datasets.

Security 266

Security Risk Digital transformation Insurance 266

IT Governance

FEBRUARY 22, 2022

Information security management is a way of protecting an organisation’s sensitive data from threats and vulnerabilities. The process is typically embedded via an ISMS (information security management system) , which provides the framework for managing information security. Why is information security management important?

Information Security 138

Information Security Security Data breaches Risk 138

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 283

Insurance Risk Financial Services Mining 283

IBM Big Data Hub

MAY 28, 2024

To fulfill these principles, data protection strategies generally focus on the following three areas: Data security —protecting digital information from unauthorized access, corruption or theft throughout its entire lifecycle. Cyberattacks that aim to steal sensitive information continue to rise.

Data breaches 82

Data breaches GDPR Compliance Encryption 82

Hunton Privacy

JULY 1, 2022

Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation. Although Carnival had certified compliance with the Cybersecurity Regulation at the time of the incidents, NYDFS found that Carnival’s attestation of compliance was improper.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Thales Cloud Protection & Licensing

MAY 29, 2024

The European Identity and Cloud Conference 2024 (EIC), now in its 17th edition, promises an immersive experience into the future of identity and access management (IAM) within an AI-upgraded reality. Legacy CIAM systems go against the grain of insurance companies' digital goals, hampering user experience with slower, less secure methods.

B2B 62

B2B Insurance B2C Customer Experience 62

AIIM

OCTOBER 15, 2018

In a recent AIIM webinar, Craig Le Clair, Forrester VP and Principle Analyst, and Florian Vondal, Allianz Solution Architect, took a closer look at the “esign of the times” and what must be considered when attempting to accelerate e-signature adoption enterprise-wide and meet global compliance. Millennials or Generation X).

Compliance 109

Compliance Insurance Digital transformation Authentication 109

Hunton Privacy

NOVEMBER 8, 2023

The NYDFS, which regulates financial institutions including insurance companies, mortgage brokers and banks, adopted the original Cybersecurity Regulation in 2017. For certain other requirements, regulated entities will have between one and two years to reach compliance.

Cybersecurity 72

Cybersecurity IT Compliance Financial Services 72

IBM Big Data Hub

MAY 9, 2024

Healthcare organizations need a strong data governance framework to help ensure compliance with regulations like the Health Insurance Portability and Accountability Act of 1996 (HIPAA) in the US and the General Data Protection Regulation (GDPR) in the EU. Despite this, many healthcare organizations face challenges.

Government 66

Government GDPR Compliance Analytics 66

Thales Cloud Protection & Licensing

MARCH 22, 2023

5 Ways CIAM Ensures a Seamless and Secure Customer Experience divya Thu, 03/23/2023 - 05:27 In today's digital-first world, providing customers with trustworthy, hassle-free interactions is critical to business success. At the same time, consumers want to manage their money on demand seamlessly and have secure experiences while doing so.

Customer Experience 71

Customer Experience Security Authentication Privacy 71

Krebs on Security

JUNE 4, 2019

Securities and Exchange Commission , LabCorp. AMCA has advised LabCorp that Social Security Numbers and insurance identification information are not stored or maintained for LabCorp consumers.” credit card numbers and bank account information), medical information and Social Security Numbers. million patients.

Insurance 249

Insurance Data Privacy Access Security 249

Thales Cloud Protection & Licensing

JUNE 15, 2023

A Guide to Key Management as a Service madhav Thu, 06/15/2023 - 11:29 As companies adopt a cloud-first strategy and high-profile breaches hit the headlines, securing sensitive data has become a paramount business concern. The most effective way to ensure data security is through encryption and proper key management.

Encryption 133

Encryption Compliance Cloud Authentication 133

AIIM

JULY 24, 2018

Three Critical Steps for GDPR Compliance. Mitigate Data Privacy and Security Risks with Machine Learning. The Privacy and Security Dichotomy. GDPR Compliance Starts with Data Discovery. There are a number of areas where GDPR strengthens compliance obligations and imposes additional legal liabilities.

GDPR 83

GDPR Compliance Privacy Data Privacy 83

eSecurity Planet

JANUARY 21, 2021

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. IT governance and security.

Compliance 57

Compliance Risk Government Retail 57

The Last Watchdog

APRIL 3, 2019

This is, in large part, because the complexity of business networks continues to escalate at a time when compliance mandates are intensifying. Meanwhile, employees, partners, suppliers and customers are using their smartphones to gain access. Compliance matters. As complexity has intensified, so have compliance challenges.

Digital transformation 140

Digital transformation Insurance Compliance Healthcare 140

Thales Cloud Protection & Licensing

NOVEMBER 15, 2023

These bustling hubs require robust security systems to ensure the safety of passengers, staff, and infrastructure. Traditionally, airport security focused on physical access and the perimeter; however, in the years since 9/11, the digital footprint of the vast interconnected systems contains valuable assets that must be protected.

Cybersecurity 87

Cybersecurity Authentication Access Compliance 87

IT Governance

JANUARY 9, 2024

They accessed 41.5 million customers’ data having gained access via a vulnerability in Hathaway’s Laravel web application framework. million individuals affected HealthEC LLC, a health technology company, has announced that it suffered a data breach in July 2023, in which systems were accessed and files were copied.

Data Privacy 75

Data Privacy Privacy Manufacturing Data breaches 75

Hunton Privacy

FEBRUARY 29, 2024

The resolution agreement requires Green Ridge to pay $40,000 to OCR and enter into a Corrective Action Plan that obligates Green Ridge to, among other items: Implement a security management process, including a thorough risk analysis, which is to be provided to HHS for review within 60 days. Investigate all likely policy violations.

Ransomware 111

Ransomware Personal data Risk Privacy 111

Krebs on Security

MARCH 2, 2021

-based PrismHR handles everything from payroll processing and human resources to health insurance and tax forms for hundreds of “professional employer organizations” (PEOs) that serve more than two million employees. 28, and that it disabled access to its platform for all users in an effort to contain the security incident.

Ransomware 300

Ransomware Insurance Cloud Encryption 300

Thales Cloud Protection & Licensing

JANUARY 16, 2024

That includes banks, insurances, payment institutions, stock market, and many financial management firms (trading, crypt-assets, etc). That includes banks, insurances, payment institutions, stock market, and many financial management firms (trading, crypt-assets, etc). Cloud users remain responsible for the security in the cloud.

Financial Services 83

Financial Services Cloud Cybersecurity Encryption 83

IBM Big Data Hub

JULY 7, 2023

But with a proactive approach to data security, organizations can fight back against the seemingly endless waves of threats. IBM Security X-Force found the most common threat on organizations is extortion, which comprised more than a quarter (27%) of all cybersecurity threats in 2022. Define sensitive data.

Security 40

Security Data breaches Data Privacy Compliance 40

Armstrong Archives

AUGUST 25, 2023

The Health Insurance Portability and Accountability Act (HIPAA) ensures individuals’ health data protection and privacy. This includes insurance companies, nurses, and doctors. In this article, we’ll talk more about the HIPAA, the importance of compliance, some common HIPAA violations, and more!

Computer and Electronics 52

Computer and Electronics Insurance Compliance Risk 52

Data Protection Report

DECEMBER 4, 2023

DPAs ensure compliance with privacy laws by creating obligations for the data processor to maintain the same level of data protection for the controller and the data subjects. Indemnification and Insurance Data controllers are responsible for ensuring compliance with privacy laws.

Insurance 64

Insurance Privacy Compliance Personal data 64

Data Matters

OCTOBER 12, 2021

As articulated in President Biden’s May 2021 Executive Order , Improving the Nation’s Cybersecurity , “[t]he United States faces persistent and increasingly sophisticated malicious cyber campaigns that threaten the public sector, the private sector, and ultimately the American people’s security and privacy.” million, or 80%.

Data breaches 97

Data breaches Security Compliance Cloud 97

Data Protection Report

OCTOBER 3, 2021

The amendment: Expands the definition of “personal information”; Shortens the notification deadline after discovery of a breach from 90 to 60 days; Removes the requirement to consult with law enforcement as part of a risk assessment; Deems compliant any person subject to and in compliance with HIPAA and HITECH; and.

Data breaches 142

Data breaches IT Insurance Passwords 142

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

eSecurity Planet

JANUARY 5, 2024

It aims to prevent unauthorized access, manage data movement, and guard against potential security threats. Key firewall policy components include user authentication mechanisms, access rules, logging and monitoring methods, rule base, and numerous rule objects that specify network communication conditions.

Compliance 108

Compliance Access Communications Cybersecurity 108