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Zurich refuses to pay Mondelez for NotPetya damages because it’s ‘an act of war’

Security Affairs

Zurich American Insurance Company is refusing to refund its client because consider the attack as “an act of war” that is not covered by its policy. According to the cyber security community, NotPetya is a cyber weapon develped by Russia to hit the Ukrainian government. SecurityAffairs – Mondelez, cyber insurance).

Insurance 109
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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147
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Data Mapping Tools: What Are the Key Differentiators

erwin

BFSI, PHARMA, INSURANCE AND NON-PROFIT) CASE STUDIES FOR AUTOMATED METADATA-DRIVEN AUTOMATION. As well as introducing greater efficiency to the data governance process, automated data mapping tools enable data to be auto-documented from XML that builds mappings for the target repository or reporting structure.

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Regulatory Update: NAIC Fall 2018 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. systemic risk of insurers with other parts of the financial system, notably the banking.

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Ephesoft Recognized as Alfresco Software’s Global Technology Partner of the Year

Info Source

With powerful synergies, Ephesoft and Alfresco are heavily focused on solving content acquisition and management challenges in government and specifically in federal and public sectors, financial services, insurance, manufacturing and healthcare, among other industries. Both companies also support Linux and Windows operating systems.

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Worrying Ransomware Trends, and What to Do About Them

IT Governance

Of course, the UK government advises against paying ransoms, but doesn’t legally enforce this, unlike some other countries. But, as Vanessa previously highlighted with a real-life case study: if you restore your services without investigating root cause, you’ll ‘get done’ again. What’s your personal advice on paying ransoms?

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Protecting Against the Risks and Managing the Complexities of a Quantum World with Thales and IBM Consulting

Thales Cloud Protection & Licensing

Threats to cryptography are generally prevented by using common cybersecurity hygiene practices defined in clear and achievable governance. Read the customer case study from a large leading financial institution. Is the threat from Quantum Computing only Harvest Now, Decrypt Later?

Risk 87