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

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.

Insurance 52

Insurance Risk Ransomware Cybersecurity 52

Dark Reading

JUNE 28, 2021

What if insurers were to offer companies an incentive -- say, a discount -- for better protecting themselves? You know, the way car insurance companies offer lower premiums to customers who take a driver's ed course.

Insurance 48

Insurance 48

Security Affairs

JANUARY 14, 2019

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. The overall damages that insurance firms would probably have to cover reach over $80bn. SecurityAffairs – Mondelez, cyber insurance). Pierluigi Paganini.

Insurance 109

Insurance Ransomware Sales Government 109

Schneier on Security

NOVEMBER 13, 2020

If you want your insurance company to have access to your fitness data, you grant it through your pod. This is a significant step forward to realizing Tim’s vision : The technologies we’re releasing today are a component of a much-needed course correction for the web. It’s yours.

IoT 135

IoT Insurance Access Government 135

Data Protection Report

OCTOBER 3, 2021

Connecticut’s amended statute follows the course of many other states in deeming as compliant with the statute any person who is subject to and in compliance with the Health Insurance Portability and Accountability Act (“HIPAA”) and the Health Information Technology for Economic and Clinical Health Act (“HITECH”).

Data breaches 142

Data breaches IT Insurance Passwords 142

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. Related: A call to share risk assessments.

Security 266

Security Risk Digital transformation Insurance 266

Hunton Privacy

MARCH 21, 2014

President Obama’s Executive Order 13636 on Improving Critical Infrastructure Cybersecurity identified “insurance liability considerations” as an incentive that might improve security. Over the course of the year since the Executive Order was issued, there has been an increase in the marketing of cyber insurance products.

Insurance 40

Insurance Cybersecurity Marketing Risk 40

eSecurity Planet

OCTOBER 18, 2022

First, call the cyber insurance company that issued the organization’s cybersecurity policy. Most insurance companies require specific incident response vendors, procedures, and reporting that must be met to meet the standards to be insured. Insured companies often will not have options. The First Calls After an Attack.

Ransomware 141

Ransomware Encryption Insurance Access 141

Security Affairs

NOVEMBER 14, 2022

During the past few weeks, I had the pleasure of running a presentation on how to deal with the risk of ransomware cyberattacks on corporations for the benefit of members of the “ In the Boardroom ” training course dedicated to professionals who are or aspire to become board members of publicly traded companies.

Insurance 144

Insurance Risk Ransomware Encryption 144

Security Affairs

AUGUST 20, 2020

The services involved the release of information which is provided in the ordinary course of business or which is publicly available.” Our investigations also show that the suspect had intended to use the data to create marketing leads to offer insurance and credit-related services.”

Data breaches 142

Data breaches Insurance Marketing Risk 142

Hunton Privacy

OCTOBER 14, 2014

On October 8, 2014, the Department of Homeland Security reported that over the course of several months, the network of a large critical manufacturing company was compromised. The incident raises some issues for cyber insurance. That the incident occurred over several months suggests that trigger dates for cyber insurance be examined.

Insurance 40

Insurance Cybersecurity Manufacturing Information Security 40

The Last Watchdog

OCTOBER 26, 2021

Regulations like Europe’s General Data Protection Regulation and California’s Privacy Rights Act , along with numerous industry standards in the technology, banking and insurance sectors loom large – imposing the specter of audits and the threat of fines. Change, of course, is never easy.

Digital transformation 230

Digital transformation Compliance Encryption Authentication 230

Data Protection Report

JANUARY 5, 2021

The term “notification incident” would mean that a banking organization believes in good faith a computer security incident” could materially disrupt, degrade, or impair—.

Insurance 141

Insurance Paper Encryption Security 141

CGI

SEPTEMBER 12, 2017

Data analytics – how should insurers look to the future? With a plethora of new data sources across the property and casualty (P&C) general insurance lifecycle now becoming available, how do insurers create an all-encompassing data analytics policy for the future? Tue, 09/12/2017 - 03:00. Connected and monitored energy usage.

Insurance 40

Insurance Analytics Risk IoT 40

Data Matters

SEPTEMBER 20, 2021

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

Insurance 88

Insurance e-Delivery Paper Cybersecurity 88

Krebs on Security

DECEMBER 13, 2021

But perhaps in response to the public outcry over the HSE disruption, Conti reversed course and gave the HSE the decryption keys without requiring payment. That compliance centered on the Health Insurance Portability and Accountability Act (HIPPA), which prioritizes protecting the integrity and privacy of patient data.

Ransomware 306

Ransomware Cybersecurity Phishing Security 306

DXC Technology

JANUARY 13, 2020

For years, women have been under-represented in science, technology, engineering and mathematics (STEM) courses and occupations. Although more women are starting to work in STEM fields, the gender gap remains high. Only about a quarter of STEM workers are women, and female representation on boards is lower than in other industries.

Insurance 10

Insurance IT 10

The Last Watchdog

NOVEMBER 27, 2022

Many people who receive SNAP benefits are also eligible for Medicaid, Temporary Assistance for Needy Families (TANF), and the Children’s Health Insurance Program (CHIP). The student’s digital wallet can expand over time with relevant data such as course credits, grade point averages, and degrees. Medical marijuana access.

Government 211

Government Blockchain Access Insurance 211

Krebs on Security

JUNE 30, 2021

In a report released in 2019 (PDF), Agari profiled a group it dubbed “ Scattered Canary ” that is operating principally out of West Africa and dabbles in a dizzying array of schemes, including BEC and romance scams, FEMA and SBA loans, unemployment insurance fraud, counterfeit checks and of course money laundering.

Insurance 285

Insurance IT Education Government 285

CGI

AUGUST 31, 2016

Insurers’ role will be critical in improving cybersecurity standards. And, of course, our world is becoming increasingly digital in nature, with all kinds of services—from finance to health, energy and tax affairs—becoming digitally delivered. Wed, 08/31/2016 - 08:00. Where such data exists, often it is not shared.

Insurance 40

Insurance Cybersecurity Risk Marketing 40

CGI

FEBRUARY 28, 2017

Insurers’ digital focus is looking through the wrong ‘lens’. Read any article on digital insurance and it seems to me that it is all about the insurers! harini.kottees…. Tue, 02/28/2017 - 03:52. This again causes consumer dissatisfaction with the industry as a whole and drives unwanted consumer behaviours at the point of claim.

Insurance 40

Insurance Big data IoT Manufacturing 40

CGI

MARCH 1, 2017

‘The Organist Entertains’ – reaction to the insurance Ogden discount rate cut. When I first saw the word ‘Ogden’ in the Insurance press I was immediately reminded of the long running BBC programme ‘the organist entertains’ hosted by Nigel Ogden. ravi.kumarv@cgi.com. Wed, 03/01/2017 - 05:02. I propose an alternative approach.

Insurance 40

Insurance IT 40

KnowBe4

APRIL 25, 2023

link] [Head Scratcher] More Companies With Cyber Insurance Are Hit by Ransomware Than Those Without? In an interesting twist, new data hints that organizations with cyber insurance may be relying on it too much, instead of shoring up security to ensure attacks never succeed. Date/Time: Wednesday, May 3, @ 2:00 PM (ET) Save My Spot!

Insurance 97

Insurance Security awareness Phishing Ransomware 97

The Last Watchdog

AUGUST 19, 2021

as well as insurance and merchant accounts, to commit insurance fraud and wire fraud. Account takeovers can be used to steal money at its very root; and fraudsters can also use this to access loyalty accounts for airlines, hotels, etc., Hacks and breaches are inevitable even for the most well-protected enterprise.

Data breaches 235

Data breaches Authentication Access Personal data 235

CGI

SEPTEMBER 5, 2018

UK Honey Bees and Insurance; an existential threat in the wings? There is of course one difference between the hive and the Insurance sector – the ability to respond. There is of course one difference between the hive and the Insurance sector – the ability to respond. Wed, 09/05/2018 - 04:28.

Insurance 40

Insurance Sales Marketing IT 40

Krebs on Security

DECEMBER 12, 2018

The stated use cases for the Cyber Risk Score include the potential for cyber insurance pricing and underwriting, and evaluating supply chain risk (i.e., Chamber of Commerce to evaluate more than 2,500 U.S. the security posture of vendor partners).

Security 224

Security Energy and Utilities Risk Data breaches 224

IT Governance

JUNE 1, 2023

We offer a variety of resources to help understand and mitigate threats, from training courses and consultancy services to free guides. MCNA Insurance MCNA Insurance, also known as MCNA Dental, was caught up in a cyber hacking incident last week, in which 112 covered entities were affected.

Data breaches 118

Data breaches Insurance Personal data Ransomware 118

IT Governance

JUNE 18, 2018

One in five schools and colleges have fallen victim to cyber crime, according to research from the specialist insurer Ecclesiastical, yet the majority (74%) of educational establishments claim to be “fully prepared” to deal with such attacks. . Phishing and ransomware e-learning course . Explain what phishing is. .

Phishing 78

Phishing Ransomware Education Insurance 78

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

CGI

FEBRUARY 28, 2018

Digital Customer Experience is becoming the deciding battlefield on the insurance landscape. Digital Customer Experience in many ways is becoming the deciding battlefield on the insurance landscape as to who will win through. p.butler@cgi.com. Wed, 02/28/2018 - 10:36. Although respective remits often tend to be company specific.

Customer Experience 40

Customer Experience Insurance Artificial Intelligence Retail 40

KnowBe4

MAY 16, 2023

[link] Munich Re: '3X Growth Estimated in Cyber Crime Costs Over the Next 4 Years' As cyber attacks continue to grow in sophistication and frequency, cyber insurers are expecting their market to double in the next two years. I've also talked quite a bit about cyber insurance and the recent trends. billion by 2027. "3x

Phishing 104

Phishing Insurance Passwords Ransomware 104

Security Affairs

MAY 13, 2019

Exposed data includes full names, birth dates, national ID numbers, medical insurance numbers, and other personal data. Of course, it is impossible to determine if anyone else has accessed the data. The database contained 3.4 ” reads the blog post published by Diachenko. ” concludes Diachenko.

Authentication 92

Authentication Insurance Personal data Ransomware 92

The Last Watchdog

SEPTEMBER 14, 2018

As Ananth explained, the city did two things right: they had cyber insurance and they didn’t pay the ransom. Every type of attack on a government entity will have an impact, of course, but with the midterm election looming, there is a lot of concern about whether or not local and state governments will be able to prevent election tampering.

Government 147

Government Digital transformation Mining Insurance 147

IT Governance

SEPTEMBER 15, 2021

The alternative is to build an internal security team and encourage employees in security-adjacent roles, such as IT, to take cyber security training courses. You’ll also receive insurance cover for up to £500,000 – so you can be sure that no matter how severe the disruption, you’ll have the resources to respond and recover.

Security 121

Security Insurance Education Government 121

Data Matters

MAY 9, 2019

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.

Insurance 68

Insurance Blockchain Big data Risk 68

Troy Hunt

NOVEMBER 14, 2023

So how many "Acuity" companies are out there in total?!

Insurance 123

Insurance Data breaches Mining IT 123