Data Breach Today

APRIL 22, 2024

Joe Toomey of Cyber Insurer Coalition Details Rise in Attacks Targeting Weak MFA Adversaries seeking easy access to enterprise networks continue to probe for weak multifactor authentication deployments, oftentimes via nontargeted attacks that lead to phishing pages designed to steal one-time codes, said Joe Toomey, head of security engineering at cyber (..)

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Authentication Insurance Phishing Access 298

Security Affairs

MARCH 12, 2024

They are widely used to access information, services, or online payments quickly and conveniently. The Postal Police has issued an alert to warn citizens against insurance scams using QR codes. Often, scam sites have very similar names to well-known insurance companies with the same logos, images or other distinctive elements.

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Insurance Education Sales Personal data 123

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

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Insurance Ransomware Cybersecurity Marketing 119

Krebs on Security

FEBRUARY 7, 2022

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. 19, KrebsOnSecurity published the story IRS Will Soon Require Selfies for Online Access , detailing a rocky experience signing up for IRS access via ID.me.

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Access Authentication Insurance Personal data 226

IT Governance

MAY 24, 2022

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.

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Krebs on Security

JANUARY 19, 2022

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.

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Krebs on Security

OCTOBER 30, 2024

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.

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Data Protection Report

MARCH 21, 2023

2] In this context, the Directorate General of the French Treasury has put forward a plan of action with a view to clarifying the cyber-insurance legal framework, better gauging cyber-risks, and enhancing companies’ awareness as regards cyber-risks. 12-10-1 into the French Insurance code. However, in the end, Article L.12-10-1

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Insurance Data breaches Personal data GDPR 105

IBM Big Data Hub

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

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Insurance Digital transformation Customer Experience Cloud 96

The Last Watchdog

AUGUST 24, 2020

Purchasing life insurance once meant going to an insurer’s office or booking an appointment with an insurance agent. Today’s generation is used to getting everything done fast and easy, so life insurance providers had to get with the times and cover all customers’ needs and requirements.

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Insurance IT Security Access 190

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

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Thales Cloud Protection & Licensing

MARCH 5, 2023

In the fragmented insurance landscape, let’s unify customer experience divya Mon, 03/06/2023 - 06:13 You may think of an insurance company as a singularly-focused entity, offering protection for one product. However, the insurance business reaches across a disparate range of consumer products. To add to the challenge, a.s.r.

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Krebs on Security

MAY 24, 2019

The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. based First American is a leading provider of title insurance and settlement services to the real estate and mortgage industries. The company took immediate action to address the situation and shut down external access to the application.

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Dark Reading

JULY 12, 2022

Cybersecurity insurance costs are rising, and insurers are likely to demand more direct access to organizational metrics and measures to make more accurate risk assessments.

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Insurance Ransomware Cybersecurity Risk 86

Security Affairs

JULY 9, 2021

Insurance giant CNA notifies customers of a data breach after the Phoenix CryptoLocker ransomware attack suffered in March. US insurance giant CNA is notifying customers of a data breach after the ransomware attack that it suffered in March. Now new details have emerged from the investigation, evidence confirms the data breach,à.

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Data breaches Insurance Ransomware Encryption 145

Thales Cloud Protection & Licensing

MAY 26, 2023

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

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Insurance Digital transformation Security Authentication 71

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.

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Insurance Ransomware Risk Data science 128

IBM Big Data Hub

MAY 8, 2023

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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IT Governance

JULY 30, 2024

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. Then there’s insurance. Think of it as a base to access and plan your measures. In just a few days, between 18 and 22 July, CrowdStrike ($CRWD) lost 23.1% of its share price.

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Insurance Risk Encryption Manufacturing 104

Security Affairs

APRIL 20, 2021

Car insurance provider Geico has suffered a data breach, attackers have stolen the driver’s licenses for policyholders for several weeks. Geico, the second-largest auto insurer in the U.S., The post Crooks stole driver’s license numbers from Geico auto insurer appeared first on Security Affairs. Pierluigi Paganini.

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Insurance Data breaches Sales Security 138

Data Breach Today

SEPTEMBER 25, 2023

One Identity, Wallix, Arcon Exit Leaders Space as Privileged Access Market Matures CyberArk, BeyondTrust and Delinea maintained their spots atop Gartner's privileged access management Magic Quadrant, while One Identity, Wallix and Arcon fell from the leader ranks.

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Security Affairs

MAY 21, 2021

The US insurance giant CNA Financial reportedly paid a $40 million ransom to restore access to its files following a ransomware attack. CNA Financial, one of the largest insurance companies in the US, reportedly paid a $40 ransom to restore access to its files following a ransomware attack that took place in March.

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KnowBe4

DECEMBER 28, 2022

27, 2022, The Ohio Supreme Court ruled in favor of an insurance company, determining that its contract to cover any direct physical loss or damage to property did not encompass ransom payments made when a hacker illegally gained access to medical billing software company EMOIs systems and data.

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AIIM

JUNE 23, 2020

mortgage firm fundamentally transform the way mortgage insurance applications are processed, eliminating paper in favor of a completely digital workflow. Click here to access our full library of episodes. Also, on this episode , hear an AIIM20 interview in Dallas with Wasim Kahn, Chief Digital Officer at Ripcord.

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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.

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Insurance Digital transformation Compliance Cloud 53

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. For those who have cyber insurance against ransomware attacks. But since the sneaky insurance agent purposely negotiates so as not to pay for the insurance claim, only the insurance company wins in this situation.

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DLA Piper Privacy Matters

MARCH 27, 2023

LOPMI introduces amendments to the insurability of losses and damages paid in response to cyber-attacks, including in relation to ransom payments – requiring that the payment of insurance compensation be conditional on the filing of a complaint, within a 72 hour time frame, to competent authorities.

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Data Breach Today

JUNE 17, 2024

Court Filing: Threat Actor Stole Admin Credentials From IT Service Desk Contractor Medibank's lack of MFA on its global VPN allowed a hacker to use credentials stolen from an IT services desk contractor to access the private health insurer's IT systems in 2022, leading to a dark web data leak affecting 9.7

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Dark Reading

NOVEMBER 10, 2020

With ransomware on the rise, more organizations are opting to purchase cyber insurance -- tipping off criminals about how much to demand for access back to pilfered systems and data.

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Insurance Cybersecurity Ransomware Access 124

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.

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Data Protection Report

JULY 28, 2021

Germany’s highest civil court, the Federal Court Of Justice ( Bundesgerichtshof , the FCJ ), has just published a decision specifying the scope of data subject access requests (DSARs). The defendant was a life insurance company and the claimant their insured. Knowledge of the data subject of information is irrelevant.

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Access GDPR Personal data Insurance 128

Security Affairs

OCTOBER 30, 2021

A cyber attack hit the UMass Memorial Health, threat actors had access to employee email system, potentially exposing patients info. Threat actors hacked into the employee email system of the UMass Memorial Health healthcare system, potentially accessing the personal information of thousands of patients. Pierluigi Paganini.

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Access Insurance Data breaches Security 106

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.

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Data Breach Today

OCTOBER 28, 2022

About 4M Australians Affected by Extortion Demand Made Against the Health Insurer Fallout from the hack of Australian health insurer Medibank continues to worsen as the company twice this week acknowledged a wider set of affected individuals.

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Insurance Personal data Access 239

Security Affairs

NOVEMBER 11, 2022

An initial access broker claims to have hacked Deutsche Bank and is offering access to its systems for sale on Telegram. A threat actor ( 0x_dump ) claims to have hacked the multinational investment bank Deutsche Bank and is offering access to its network for sale online. The IAB is offering access to the Deutsche Bank 7.5

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Collibra

APRIL 9, 2021

Recapping a discussion moderated by Stijn Christiaens and featuring insurance data experts from Deloitte UK . Insurance is a data-intensive business. Insurance companies need data to better assess risks and price policies competitively, but also profitably. Drivers for cloud adoption. Mobilizing data governance programs.

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Insurance Cloud Data science Analytics 59

The Guardian Data Protection

APRIL 21, 2018

Carole Cadwalladr just wanted to insure her car. In fact, I had no idea about either the question or the answer when I submitted a “subject access request” to Eldon Insurance Services in December last year. How did it get there? If a 29-year-old Peugeot 309 is the answer, it’s fair to wonder: what on earth is the question?

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Insurance Access IT Security 111