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IRS To Ditch Biometric Requirement for Online Access

Krebs on Security

The Internal Revenue Service (IRS) said today it will be transitioning away from requiring biometric data from taxpayers who wish to access their records at the agency’s website. government online. These readers had reasonable questions: Who has (or will have) access to this data? What happens if ID.me gets breached?

Access 226
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IRS Will Soon Require Selfies for Online Access

Krebs on Security

is perhaps better known as the online identity verification service that many states now use to help staunch the loss of billions of dollars in unemployment insurance and pandemic assistance stolen each year by identity thieves. These days, ID.me may require a recorded, live video chat with the person applying for benefits.

Access 363
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Change Healthcare Breach Hits 100M Americans

Krebs on Security

That ransom payment went sideways when the affiliate who gave BlackCat access to Change’s network said the crime gang had cheated them out of their share of the ransom. ” Change shared only that “a cybercriminal accessed our computer system without our permission.” A breach notification from Change Healthcare.

Insurance 259
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Why Cyber Insurance is Essential in 2022

IT Governance

One of the most common ways to mitigate the risk of a cyber security incident is cyber insurance. These activities aren’t typically included in standard business insurance policies, which tend to only cover costs related to technical issues, such as corrupted hard drives and lost devices. The benefits of cyber insurance.

Insurance 133
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The risks and limitations of AI in insurance

IBM Big Data Hub

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. Usage risk—inaccuracy The performance of an AI system heavily depends on the data from which it learns.

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Australian government announced sanctions for Medibank hacker

Security Affairs

The Australian government announced sanctions for a member of the REvil ransomware group for the Medibank hack that occurred in 2022. The Australian government announced sanctions for Aleksandr Gennadievich Ermakov (aka GustaveDore, aiiis_ermak, blade_runner, JimJones), a Russian national who is a member of the REvil ransomware group.

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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

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