Selecting an Intelligent Document Processing Solution
AIIM
NOVEMBER 14, 2024
Intelligent document processing (IDP) solutions are emerging that combine AI with IDP to revolutionize client and document onboarding and processing.
Document Processing Vs. Robotic Process Automation
AIIM
JULY 22, 2021
The Difference Between Intelligent Document Processing and RPA — Or Is There One? For many businesses, content and data capture tools are highly sought out, particularly in the banking and insurance sectors. For a while, the biggest player was intelligent document processing (IDP) , which used to be known as “capture.”
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First American Title Insurance Co. Faces Charges in NY
Data Breach Today
JULY 23, 2020
Company Could Be Fined $1,000 for Each Violation of State Cybersecurity Law The New York State Department of Financial Services has filed civil charges against First American Title Insurance Co., which has been accused of exposing hundreds of millions of documents that contained customers' mortgage and personal data.
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The Financial Service and Insurance Industries Need Intelligent Document Processing; Here’s Why
Rocket Software
MARCH 14, 2022
Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries. Challenges to Effective IDP.
Insurance scams via QR codes: how to recognise and defend yourself
Security Affairs
MARCH 12, 2024
The Postal Police has issued an alert to warn citizens against insurance scams using QR codes. In practice, fake insurance operators contact victims through calls, messages, or sponsorships on social networks, offering policies at advantageous prices. Online companies do not use generic domains or channels such as WhatsApp or Telegram.
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First American Financial Corp. Leaked Hundreds of Millions of Title Insurance Records
Krebs on Security
MAY 24, 2019
The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. NYSE:FAF ] leaked hundreds of millions of documents related to mortgage deals going back to 2003, until notified this week by KrebsOnSecurity. No authentication was required to read the documents. First American Financial Corp.
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Document Processing Vs. Robotic Process Automation
AIIM
JULY 22, 2021
The Difference Between Intelligent Document Processing and RPA — Or Is There One? For many businesses, content and data capture tools are highly sought out, particularly in the banking and insurance sectors. For a while, the biggest player was intelligent document processing (IDP) , which used to be known as “capture.”
NYDFS issues significant guidance on insurers using AI or external data
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. Actual Actuarial Validity.
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How generative AI delivers value to insurance companies and their customers
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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NY Investigates Exposure of 885 Million Mortgage Documents
Krebs on Security
MAY 31, 2019
On May 24, KrebsOnSecurity broke the news that First American had just fixed a weakness in its Web site that exposed approximately 885 million documents — many of them with Social Security and bank account numbers — going back at least 16 years. No authentication was needed to access the digitized records. ”
How to Protect Hard Copy Documents
Armstrong Archives
AUGUST 19, 2024
Safeguarding important paperwork and documents is a key part of being responsible in both your personal and professional life. Easy Access : Sometimes, grabbing a physical document is quicker and easier than searching through digital files. Physical Damage Physical damage poses a major threat to your documents.
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Cyber-insurance – 72 hours for the insured party to file a criminal complaint: GDPR’s false friend
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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Is Artificial Intelligence relevant to insurance?
IBM Big Data Hub
MAY 1, 2023
In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. Artificial intelligence applied to insurance The insurance industry has always made extensive use of data and algorithms, such as in the calculation of insurance premiums.
Essential Documents You Need to Shred for Security
Armstrong Archives
OCTOBER 1, 2024
But is it really necessary to shred documents beyond those that are obviously confidential? Many types of documents, from outdated contracts to old business records, can pose a security risk if not disposed of properly. Professional shredding ensures these important documents are destroyed securely to eliminate the risk of misuse.
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Vermont Enacts Insurance Data Security Law
Hunton Privacy
JUNE 9, 2022
515 , making Vermont the twenty-first state to enact legislation based on the National Association of Insurance Commissioners Insurance Data Security Model Law (“MDL-668”). On May 27, 2022, Vermont Governor Phil Scott signed H.515 Information Security Program Requirements.
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Examples of IBM assisting insurance companies in implementing generative AI-based solutions
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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Australian Regulators Detail Medibank Hack: VPN Lacked MFA
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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[Podcast] Transforming How Mortgage Insurance Applications Are Processed
AIIM
JUNE 23, 2020
mortgage firm fundamentally transform the way mortgage insurance applications are processed, eliminating paper in favor of a completely digital workflow. Kevin and Wasim chat about documents, information management, and digital transformation. Want more episodes like this?
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First American Financial's SEC Breach Settlement: $488,000
Data Breach Today
JUNE 21, 2021
SEC: Executives Left in Dark About Vulnerability in File-Sharing System Title insurance company First American Financial Corp. Information security staff members were aware of the vulnerability in the company's EaglePro document-sharing system for five months but failed to fix it, the SEC reports.
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Early adopter in a laggard industry: Accelerating tech innovation in insurance
OpenText Information Management
MAY 17, 2021
In an industry generally known for slow adoption of technology, one insurance business discovered that the COVID-19 pandemic provided the catalyst it needed to prioritize digital transformation.
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Document Management vs. Records Management: What’s the Difference?
AIIM
NOVEMBER 19, 2019
When I teach, questions often come up about the differences and similarities between document management and records management. Document Management. Document management is used to track and manage documents that are in process. Drafting: The contents of the document are created by one or more contributors.
State of the Global Intelligent Document Processing Market 2023/2024
Info Source
SEPTEMBER 26, 2024
CAPTURE & IDP MARKET FRAMEWORK Infosource defines the IDP market as software and services that are used to ingest and process business inputs which involve unstructured documents and other input types. Inputs can include not only documents and other text-based sources, but also voice, photos, videos, and IoT channels.
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How AI is transforming self-service inspections for insurers through computer vision technology
Information Matters
JANUARY 6, 2022
The insurance industry, like most other sectors of the economy, is being transformed by AI. This cuts across all parts of the insurance business from marketing, sales and policy documentation Read more.
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First American Financial Pays Farcical $500K Fine
Krebs on Security
JUNE 18, 2021
NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years. If you bought or sold a property in the last two decades or so, chances are decent that you also gave loads of personal and financial documents to First American.
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American Insurance firm State Farm victim of credential stuffing attacks
Security Affairs
AUGUST 7, 2019
The American group of insurance and financial services companies State Farm disclosed a credential stuffing attack it has suffered in July. The American group of insurance and financial services companies State Farm revealed that it was the victim of a credential stuffing attack it has suffered in July. Pierluigi Paganini.
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Major Israeli Insurance Company Hacked
Adam Levin
DECEMBER 8, 2020
The personal information of thousands of Israeli citizens has been compromised as the result of a cyberattack on Shirbit, a leading insurance company. . A hacking group known as BlackShadow has claimed responsibility for the attack via Twitter, and included images of stolen documents as proof.
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Michigan Adopts National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law
Data Matters
FEBRUARY 11, 2019
On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. 6491 (Act). MCL § 500.550. MCL § 500.550.
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Should Australia's Medibank Give in to Extortionists?
Data Breach Today
NOVEMBER 1, 2022
Australia's Most Severe Cybercriminal Incident Has No Good Solution Should Australia's Medibank health insurer pay extortionists to prevent the release of sensitive medical documents related to millions of Australians? There's no easy answer to remedying what is the most severe cybercriminal incident in Australian history.
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First American Financial exposed 16 years’ worth of personal and financial documents
Security Affairs
MAY 27, 2019
The US real-estate insurance biz, First American Financial, accidentally leaked customers’ highly personal files online, hundreds of millions of documents. The US real-estate insurance company First American Financial Corp. accidentally leaked hundreds of millions of documents. billion in 2018. billion in 2018.
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NY Charges First American Financial for Massive Data Leak
Krebs on Security
JULY 23, 2020
In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in $6.2 billion in 2019.
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Medical Debt Collection Firm R1 RCM Hit in Ransomware Attack
Krebs on Security
AUGUST 14, 2020
The “RCM” portion of its name refers to “revenue cycle management,” an industry which tracks profits throughout the life cycle of each patient, including patient registration, insurance and benefit verification, medical treatment documentation, and bill preparation and collection from patients.
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363 How to make sure your cyber insurance policy pays out
IT Governance
JULY 15, 2019
Cyber insurance is big business these days. Damages incurred by information security incidents generally aren’t covered in commercial insurance policies, so a specific policy is necessary to help cover the costs of things like forensic investigation, incident response and notification procedures. Document an incident response plan.
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NEW TECH: Votiro takes ‘white-listing’ approach to defusing weaponized documents
The Last Watchdog
MARCH 13, 2019
Melissa was hidden in a weaponized Word document that arrived as an email attachment. Votiro is a Tel Aviv-based security startup that is pioneering a new white-listing approach to help companies mitigate their exposure to weaponized email and document-distributed malware. The key takeaways: Productivity vs. security.
Ransomhub ransomware gang claims the hack of Mexican government Legal Affairs Office
Security Affairs
NOVEMBER 21, 2024
Stolen files allegedly include contracts, insurance, and financial documents. The authorities launched an investigation after the ransomware gang Ransomhub claimed the attack and published samples of personal information from a database of government. ” reported the Associated Press.
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Off-Site Storage for Insurance Companies
Armstrong Archives
MARCH 27, 2018
Your insurance company has been collecting and storing consumer data for as long as it’s been in business. If you provide medical insurance, the documents you collect are high-value targets for criminals. Insurance companies often choose file folder indexing for additional information tracking.
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Harleysville Insurance Co. v. Holding Funeral Home, No. 1:15cv00057 (W.D.Va. Feb. 9, 2017)
eDiscovery Law
DECEMBER 17, 2021
Key Insight: Waiver of privilege for documents inadvertently posted to publicly accessible Box.com location Nature of Case: insurance coverage litigation Electronic Data Involved: Box.com uploads Keywords: Box.com, privilege waiver, publicly accessible, account permissions, file sharing Identified State Rule(s): Va.
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How Attorneys Are Harming Cybersecurity Incident Response
Schneier on Security
JUNE 7, 2023
New paper: “ Lessons Lost: Incident Response in the Age of Cyber Insurance and Breach Attorneys “: Abstract: Incident Response (IR) allows victim firms to detect, contain, and recover from security incidents. It should also help the wider community avoid similar attacks in the future.
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Axis Insurance Company v. American Specialty Insurance & Risk Services, Inc. (N.D. Ind. 2021)
eDiscovery Law
JULY 12, 2021
Key Insight: Plaintiff’s Motion to Compel sought missing documents and communications from, and the correction of metadata “issues” from Defendant and its parent company (via third party subpoena), and sought an award of attorney’s fees and costs.
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Anthem Cyberattack Indictment Provides Defense Lessons
Data Breach Today
MAY 13, 2019
Security Experts Say Prosecution's Document Offers Critical Cybersecurity Insights The indictment of two Chinese men for a 2014 cyberattack on health insurer Anthem that compromised information on nearly 80 million individuals contains extensive details about the incident that security professionals can use to help with their breach prevention strategies. (..)
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October ransomware attack on Dallas County impacted over 200,000 people
Security Affairs
JULY 11, 2024
In October 2023 the Play ransomware group hit Dallas County, Texas, and added the city to its Tor leak site claiming the theft of sensitive documents from multiple departments. Dallas refused to pay the ransom and the extortion group leaked the stolen documents in November 2023.
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ICAWOOD Chooses Everteam’s “Fidji” Cloud-based Document Management System for its Real Estate Assets
Everteam
JULY 22, 2020
ICAWOOD Chooses Everteam’s “Fidji” Cloud-based Document Management System for its Real Estate Assets. Indeed, the standard inclusion of the “business” classification scheme ( Fiji ) in the application allows ICAWOOD to use the Fiji document typologies to classify and “type” the stored information.
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Data Breach: Turkish legal advising company exposed over 15,000 clients
Security Affairs
FEBRUARY 26, 2021
Inova is an actuarial consultancy company, which means they compile statistical analysis and calculate insurance risks and premiums. After further investigation, we have concluded that these documents belonged to people injured or deceased in traffic accidents.
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Legendary Help: Helping Travelers Stay Safe
Rocket Software
OCTOBER 8, 2020
Travel insurance can give travelers some assurance that, if something does go wrong, they have resources that can help them receive medical attention, stay safe, and return home. . In order to provide the best possible experience, the insurance provider needed to upgrade their existing IT systems. . The Solution: Rocket ® EOS 360.
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IRS Will Soon Require Selfies for Online Access
Krebs on Security
JANUARY 19, 2022
The agency says that by the summer of 2022, the only way to log in to irs.gov will be through ID.me , an online identity verification service that requires applicants to submit copies of bills and identity documents, as well as a live video feed of their faces via a mobile device. If your documents get accepted, ID.me McLean, Va.-based
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