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Low-Drama ‘Dark Angels’ Reap Record Ransoms

Krebs on Security

Bleeping Computer posited on July 30 that the victim was the pharmaceutical giant Cencora (formerly AmeriSourceBergen Corporation ), which reported a data security incident to the U.S. The SEC requires publicly-traded companies to disclose a potentially material cybersecurity event within four days of the incident.

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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion.

Insurance 104
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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

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.

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Driving innovation and growth, Reltio powers into 2024

Reltio

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. Reltio now proudly serves all of the Top 10 Pharmaceutical companies in the world.¹ As measured by revenue, as of 2024.

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The most valuable AI use cases for business

IBM Big Data Hub

They can also help businesses predict future events and understand why past events occurred. By infusing AI into IT operations , companies can harness the considerable power of NLP, big data, and ML models to automate and streamline operational workflows, and monitor event correlation and causality determination.

Retail 82
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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. NAIC Considers Comments to the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act . GCC Template and Instructions.

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The Week in Cyber Security and Data Privacy: 15 – 21 January 2024

IT Governance

GB JSP Pharmaceutical Manufacturing (Thailand) PCL Source (New) Manufacturing Thailand Yes >80 GB TREZOR Source (New) Crypto France Yes Nearly 66,000 Oak View Group Source (New) Leisure USA Yes 58,935 Innefu Labs Pvt. Source (New) Manufacturing Saudi Arabia Yes 86.16 O’Hara & Sons, Inc.