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.
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.”
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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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. ”
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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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.”
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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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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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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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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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.
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.
Hacked Data Broker Accounts Fueled Phony COVID Loans, Unemployment Claims
Krebs on Security
AUGUST 6, 2020
A group of thieves thought to be responsible for collecting millions in fraudulent small business loans and unemployment insurance benefits from COVID-19 economic relief efforts gathered personal data on people and businesses they were impersonating by leveraging several compromised accounts at a little-known U.S.
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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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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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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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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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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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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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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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Ransomware Bites Dental Data Backup Firm
Krebs on Security
AUGUST 29, 2019
-based PerCSoft is a cloud management provider for Digital Dental Record (DDR), which operates an online data backup service called DDS Safe that archives medical records, charts, insurance documents and other personal information for various dental offices across the United States. ” Read the full ProPublica piece here. .
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LabCorp: 7.7 Million Consumers Hit in Collections Firm Breach
Krebs on Security
JUNE 4, 2019
AMCA has advised LabCorp that Social Security Numbers and insurance identification information are not stored or maintained for LabCorp consumers.” Many readers wrote in to say they’d never heard of First American, but it is the largest title insurance company in the United States.
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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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Security Blueprints of Many Companies Leaked in Hack of Swedish Firm Gunnebo
Krebs on Security
OCTOBER 28, 2020
In August, Gunnebo said it had successfully thwarted a ransomware attack, but this week it emerged that the intruders stole and published online tens of thousands of sensitive documents — including schematics of client bank vaults and surveillance systems. What’s more, Syrén seemed to downplay the severity of the exposure.
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Hackers Breached Virginia Bank Twice in Eight Months, Stole $2.4M
Krebs on Security
JULY 24, 2018
Now the financial institution is suing its insurance provider for refusing to fully cover the losses. Verizon also told the bank that the malware the attackers used to gain their initial foothold at the bank in the 2017 breach was embedded in a booby-trapped Microsoft Word document. million total. THE LAWSUIT. ”
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SEC Investigating Data Leak at First American Financial Corp.
Krebs on Security
AUGUST 12, 2019
Securities and Exchange Commissio n (SEC) is investigating a security failure on the Web site of real estate title insurance giant First American Financial Corp. No authentication was required to view the documents. In its letter, the SEC asked Shoval to preserve and share any documents or evidence he had related to the data exposure.
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Ransom Moves: The Dark Overlord Keeps Pressuring Victims
Data Breach Today
JANUARY 4, 2019
Demanding Bitcoins, Blackmailing Hacker Group Turns to 9/11 Conspiracies The notorious hacker gang The Dark Overlord continues its blackmail efforts, turning its hand to 9/11 conspiracy theories to try to sell stolen insurance documents. The group's latest media blitz attempts to pressure victims that it has so far failed to extort.
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Spike in “Chain Gang” Destructive Attacks on ATMs
Krebs on Security
JULY 9, 2021
The Texas Bankers Association documented at least 139 chain gang attacks against Texas financial institutions in the year ending November 2020. Tracey Santor is the bond product manager for Travelers , which insures a large number of financial institutions against this type of crime. Image: Texas Bankers Association.
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350 First American Mortgage Faces NY Regulator Inquiry, Lawsuit
Data Breach Today
JUNE 3, 2019
the title insurance company that left hundreds of millions of personal documents exposed on the internet, is now facing a lawsuit and an inquiry by New York's financial regulator. Pressure Mounts on Title Company That Exposed 885 Million Records Online First American Mortgage Corp.,
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Business ID Theft Soars Amid COVID Closures
Krebs on Security
JULY 27, 2020
To prove ownership over the hijacked firms, they hire low-wage image editors online to help fabricate and/or modify a number of official documents tied to the business — including tax records and utility bills. Another team member works on revising the business documents and registering them on various sites.
Many Public Salesforce Sites are Leaking Private Data
Krebs on Security
APRIL 27, 2023
.” Earlier this week, KrebsOnSecurity notified Columbus, Ohio-based Huntington Bank that its recently acquired TCF Bank had a Salesforce Community website that was leaking documents related to commercial loans. But after being presented with a document including the Social Security number of a health professional in D.C.
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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.
Hackers Were Inside Citrix for Five Months
Krebs on Security
FEBRUARY 19, 2020
In a statement released at the time, Citrix said it appeared hackers “may have accessed and downloaded business documents,” and that it was still working to identify what precisely was accessed or stolen. But in a letter sent to affected individuals dated Feb. 10, 2020, Citrix disclosed additional details about the incident.
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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.
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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First American Faces NY Regulator, Lawsuit Over Exposure
Data Breach Today
JUNE 3, 2019
the title insurance company that left hundreds of millions of personal documents open on the internet, is now facing a lawsuit and an inquiry by New York's financial regulator. Pressure Mounts on Title Company that Exposed 885 Million Records Online First American Mortgage Corp.,
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How to Eliminate Paper Processes
AIIM
AUGUST 19, 2021
Despite the proven operational improvements to be gain by going paperless, paper is still prevalent in too many core business processes today including loan applications, insurance claims, and customer onboarding. And, 41% said they plan to fully embrace electronic forms. It’s easy to delay a content management decision.
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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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New Ransom Payment Schemes Target Executives, Telemedicine
Krebs on Security
DECEMBER 8, 2022
The intercepted CLOP communication seen by KrebsOnSecurity shows the group bragged about twice having success infiltrating new victims in the healthcare industry by sending them infected files disguised as ultrasound images or other medical documents for a patient seeking a remote consultation. ”
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Dark Overlord hacking crew publishes first batch of confidential 9/11 files
Security Affairs
JANUARY 6, 2019
The Dark Overlord published the first batch of decryption keys for 650 confidential documents related to the 9/11 terrorist attacks. In April 2018, Hiscox acknowledged the data breach and confirmed that the hacked server “may have included information relating to up to 1,500 of Hiscox’s US-based commercial insurance policyholders.”.
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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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Ask Fitis, the Bear: Real Crooks Sign Their Malware
Krebs on Security
JUNE 1, 2023
Fitis’s real-life identity was exposed in 2010 after two of the biggest sponsors of pharmaceutical spam went to war with each other, and large volumes of internal documents, emails and chat records seized from both spam empires were leaked to this author. 16, 1982 and residing in Moscow.
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