Data Protection Report

FEBRUARY 2, 2024

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing.

Insurance 78

Insurance Artificial Intelligence Risk Compliance 78

Hunton Privacy

FEBRUARY 25, 2021

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

Insurance 70

Insurance Cybersecurity Risk Education 70

erwin

FEBRUARY 7, 2019

That’s time needed and better used for data analysis. The banking, financial services and insurance industry typically deals with higher data velocity and tighter regulations than most. Metadata-Driven Automation in the Insurance Industry. Metadata-Driven Automation in the BFSI Industry.

Metadata 96

Metadata Healthcare Insurance Financial Services 96

Reltio

JULY 2, 2019

Just like in the TV programmes like CSI where the analysts solve crimes by a combination of analysis and field work, there is no better way of understanding what is going on than going into the real-world for example visiting shops or listening into call-centre conversations. What do you like to do outside of work?

Analytics 58

Analytics Insurance Artificial Intelligence Data science 58

eSecurity Planet

AUGUST 13, 2021

While several open-source tools exist for disk and data capture, network analysis, and specific device forensics, a growing number of vendors are building off what’s publicly available. Critical capabilities include timeline analysis, hash filtering, file and folder flagging, and multimedia extraction. The Sleuth Kit and Autopsy.

e-Discovery 139

e-Discovery Computer and Electronics Marketing Compliance 139

eSecurity Planet

SEPTEMBER 16, 2022

Also called “fraud prevention tools,” these solutions are designed to enhance and aid in the analysis, detection, and management of fraud and other illicit activities across all aspects of a business. In our analysis and review of the fraud prevention, detection and management market, a number of providers stood out.

Analytics 115

Analytics Risk Authentication Financial Services 115

erwin

APRIL 11, 2019

Some industries, such as healthcare and financial services, have been subject to stringent data regulations for years: GDPR now joins the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry Data Security Standard (PCI DSS) and the Basel Committee on Banking Supervision (BCBS).

GDPR 100

GDPR Compliance e-Discovery Metadata 100

eSecurity Planet

JUNE 27, 2023

.” The Third Annual Report on the State of SIEM Detection Risk by detection posture management vendor CardinalOps is based on analysis of configuration metadata from a wide variety of SIEM instances, including Splunk, Microsoft Sentinel, IBM QRadar, and Sumo Logic, across verticals that include banking and financial services, insurance, manufacturing, (..)

Metadata 110

Metadata Financial Services Insurance Manufacturing 110

Data Protection Report

OCTOBER 23, 2024

The regulation includes elements of both the Health Insurance Portability and Accountability Act (HIPAA) and the New York Department of Financial Services (NYDFS) cybersecurity regulation. Therefore, covered hospitals may need to revise their risk analysis and management process to comply with the new regulation.

Cybersecurity 45

Cybersecurity Risk Access Financial Services 45

eSecurity Planet

JUNE 16, 2022

Capital markets, insurance, financial services, and banking are now online. NGFWs can also provide log analysis and dashboard management for insight into traffic patterns. Incident response monitoring tools do log analysis, log management, intrusion detection (IDS), NetFlow analysis, and vulnerability scans.

Ransomware 145

Ransomware Cybersecurity Phishing Encryption 145

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

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

Data Matters

MARCH 28, 2022

Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques. On March 17, 2022, the U.S.

Cybersecurity 88

Cybersecurity Privacy Insurance Risk 88

Data Matters

AUGUST 17, 2021

The Guidance stresses the importance of a financial institution’s performing a risk assessment, both before implementing a new financial service and periodically, as a useful tool for identifying threats and to determine when authentication controls are deemed ineffective. inventory of digital banking services and customers.

Authentication 88

Authentication Access Risk Information Security 88

Reltio

JULY 6, 2018

The Customer and Vehicle Master helped the client’s marketing team execute better targeted campaigns and allowed the merchandising department refine inventory acquisition targets based on more complex demand analysis. A leading pet specialty retailer leveraged data to tackle Amazon Effect and transform into a customer-centric service company.

MDM 60

MDM Insurance Retail Cloud 60

Hunton Privacy

FEBRUARY 6, 2015

Almost half of the broker-dealers (47%) reportedly participate in information sharing organizations such as the Financial Services Information Sharing and Analysis Center. A majority of examined firms broker-dealers (93%) and advisers (79%) reported that they conduct cybersecurity risk assessments on periodic basis.

Cybersecurity 40

Cybersecurity Insurance Financial Services Risk 40

Thales Cloud Protection & Licensing

JULY 9, 2018

Throughout the process of providing medical services for a given patient, multiple people will come into contact with the patient’s records, from physicians, to nurses, to aides, to insurance providers, etc. Financial Services. Human Resources.

Digital transformation 75

Digital transformation Financial Services Encryption Insurance 75

Info Source

JULY 6, 2023

For example, if your experience as an end customer in an interaction with your bank, insurance carrier, car dealer etc. t starts with the prospect, who has researched alternatives based on her/his specific needs selecting a financial services provider and type of loan and submitting a request.

Customer Experience 52

Customer Experience Communications Financial Services Marketing 52

Info Source

JUNE 25, 2019

“We’re proud that Forrester has recognized Kofax and our Intelligent Automation platform as a Strong Performer in this DPA evaluation.

Digital transformation 53

Digital transformation Financial Services Insurance IT 53

IT Governance

NOVEMBER 13, 2023

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Welcome to this week’s round-up of the biggest and most interesting news stories. Records breached: 79,582 Ontario hospitals update: information relating to 5.6

Data Privacy 67

Data Privacy Privacy Security Data breaches 67

eSecurity Planet

FEBRUARY 16, 2021

Forensic Analysis. Healthcare and financial services are the most attacked industries. Antivirus endpoint software blocks identifiable malicious files, but products also increasingly offer adaptive analysis to identify and stop unrecognized files. Enterprise mobility management (EMM) is one solution. Ransomware facts.

Ransomware 97

Ransomware Encryption Insurance Cloud 97

IBM Big Data Hub

FEBRUARY 14, 2024

Customer-facing AI use cases Deliver superior customer service Customers can now be assisted in real time with conversational AI. Voice-based queries use natural language processing (NLP) and sentiment analysis for speech recognition so their conversations can begin immediately.

Retail 82

Retail Artificial Intelligence Unstructured data Insurance 82

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

Info Source

MARCH 20, 2019

Designing RPA robots quicker and more accurately with volumetric and exception path analysis. ? With machine learning analysis, Kofax takes the guesswork out of complex document processing and dynamically adapts to evolving data processes. Robot Lifecycle Management. Benefits include: ?

Digital transformation 56

Digital transformation Unstructured data Compliance Financial Services 56

Info Source

MAY 13, 2020

More advanced process mining tools are required to offer real-time visualization of bottlenecks, analysis of how various process execution patterns impact costs, and alerts to proactively notify staff if something is occurring or perhaps not occurring in the process. About ABBYY. ABBYY is a Digital Intelligence company.

Mining 52

Mining Customer Experience Financial Services Insurance 52

Info Source

JULY 16, 2019

The retail industry and banking are the biggest spenders on AI in the region, with use cases such as fraud analysis and customer-facing process automation enabling self-service and improving customer experience. According to IDC , the spending on AI systems in Asia-Pacific is expected to reach $5.5 billion in 2022.

Customer Experience 40

Customer Experience Financial Services Marketing Retail 40

Data Protection Report

JANUARY 7, 2019

The two-year transitional period under the New York State Department of Financial Services (“DFS””) Cybersecurity Regulation , 23 NYCRR 500 (the “Regulation”), will expire on March 1, 2019, with the final remaining requirement becoming effective.

Cybersecurity 40

Cybersecurity Compliance Financial Services Risk 40

Info Source

AUGUST 5, 2019

Its patent-pending Timeline Analysis approach is unique in its ability to handle the full range of business process types—from highly structured to ad hoc.”. In parallel, TimelinePI has become a key tool in the analysis and identification of existing processes.

Analytics 40

Analytics Marketing Financial Services Insurance 40

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. The Real-Time Data Quality Dashboard was another innovation.

Customer Experience 52

Customer Experience MDM Healthcare Digital transformation 52

Data Matters

DECEMBER 23, 2020

Federal Deposit Insurance Corporation (FDIC) approved and the federal banking agencies jointly announced on December 18 a notice of proposed rulemaking, Computer-Security Incident Notification Requirements for Banking Organizations and Their Bank Service Providers (NPR). On December 15, 2020, the U.S.

Security 68

Security Cybersecurity Insurance Communications 68

IBM Big Data Hub

APRIL 18, 2024

Image (55%): Gen AI can simulate how a product might look in a customer’s home or reconstruct an accident scene to assess insurance claims and liability. Example : Imagine the best customer service experience that you’ve ever had. Audio (56%) : Gen AI call centers with realistic audio assist customers and employees.

Artificial Intelligence 89

Artificial Intelligence Marketing e-Delivery Manufacturing 89

IBM Big Data Hub

FEBRUARY 23, 2024

In addition, ML techniques power tasks like speech recognition, text classification, sentiment analysis and entity recognition. When incorporating speech recognition, sentiment analysis and dialogue management, conversational AI can respond more accurately to customer needs.

Analytics 95

Analytics Artificial Intelligence Marketing Education 95

Info Source

AUGUST 5, 2019

For example, financial services institutions are challenged with onboarding new customers for products including mortgages, consumer credit offerings, traditional banking services and investment products. We call this Digital IQ for the enterprise. The use cases for Digital IQ cross all industry boundaries.

Digital transformation 40

Digital transformation Mining Artificial Intelligence Marketing 40

Collibra

SEPTEMBER 5, 2019

The industries with the most respondents specifying that data governance is absolutely “critical” were insurance (60%) and retail/wholesale (55%), closely followed by healthcare and financial services. . Enabling data access without the right context and data quality can unfortunately lead to inaccurate analysis.

Marketing 49

Marketing Analytics Government Financial Services 49

Info Source

SEPTEMBER 26, 2024

VERTICAL MARKETS In the Global IDP market, the Finance segment (including Banking and Financial Services combined with Insurance) continued to represent the largest industry sector in 2023. Both segments experienced double digit growth YOY. The Public Sector consists of Federal, State and Local Government (incl. grade schools).

Marketing 52

Marketing Energy and Utilities e-Discovery Records Management 52

Information Matters

SEPTEMBER 17, 2018

The data collected from these technologies is not only leading to a better understanding of ways to improve operating efficiencies but also to create new services and revenue streams. Business models based solely on the efficient production and sale of physical products are becoming increasingly difficult to profitably sustain.

Insurance 40

Insurance Data collection Artificial Intelligence Sales 40

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. Together, the synergistic capabilities of Alteryx and ABBYY can accelerate organizations’ digital transformation priorities.”.

Analytics 40

Analytics Digital transformation Mining Data science 40