Data Breach Today

FEBRUARY 18, 2021

New York Warns of Theft of Consumers' Information Hackers are targeting vulnerabilities in websites offering instant quotes - especially those that provide auto insurance rates - to steal consumers' information, according to an alert from the New York State Department of Financial Services.

Financial Services 264

Financial Services Insurance 264

OpenText Information Management

JANUARY 10, 2022

As we head into 2022, it’s clear that the Financial Services industry overall has responded well to the impact of COVID-19 — but it hasn’t emerged unscathed. In fact, McKinsey’s Global Banking Review states that half of banks are not covering their cost of equity.

Financial Services 126

Financial Services IT Insurance 126

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

Insurance 350

Insurance Financial Services Mining Access 350

IBM Big Data Hub

MARCH 25, 2024

According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well. As a result, their market would shrink.

Financial Services 85

Financial Services Insurance Risk Agriculture 85

AIIM

FEBRUARY 22, 2018

Nowhere is this truer than in the financial services sector. In a recent AIIM survey, 85% of finance and insurance executives said that digital preservation was “important” or “very important” to their organizations – even higher than the 77% reported in other industries.

Digital preservation 137

Digital preservation Insurance Financial Services Digital transformation 137

Data Breach Today

AUGUST 24, 2021

How Banks and Insurance Providers can Leverage Modern Solutions for Modern Fraud Despite these financial headwinds, new ways are emerging for FIs to differentiate on the quality of fraud prevention and outreach they can provide to customers.

Financial Services 130

Financial Services Insurance 130

Security Affairs

AUGUST 20, 2024

In December 2023, Toyota Financial Services (TFS) warned customers it had suffered a data breach that exposed sensitive personal and financial data. Toyota Financial Services (TFS) is the finance arm of the Toyota Motor Corporation.

Data breaches 288

Data breaches Financial Services Archiving Passwords 288

OpenText Information Management

JANUARY 6, 2020

For 2020, we’re going to see financial services companies accentuate and accelerate the priorities of recent years. Financial Services and Insurance organizations will continue … The post Information Advantage for Financial Services in 2020 appeared first on OpenText Blogs.

Financial Services 83

Financial Services Insurance 83

Krebs on Security

MAY 31, 2019

On May 29, The New York Times reported that the inquiry by New York’s Department of Financial Services is likely to be followed by other investigations from regulators and law enforcement. No authentication was needed to access the digitized records. ”

Financial Services 257

Financial Services Insurance Sales Authentication 257

Data Matters

FEBRUARY 25, 2022

Sidley and OneTrust DataGuidance are pleased to announce that registration is now open for their annual Data Protection in Financial Services (DPFS) Week. Join us from February 28 – March 3 for DPFS Week 2022 , a series of webinars looking at the impacts of data privacy across the financial sector.

Financial Services 102

Financial Services Privacy Data Privacy Cybersecurity 102

Security Affairs

JULY 6, 2020

Xchanging is a business process and technology services provider and integrator, which provides technology-enabled business services to the commercial insurance industry. Xchanging is primarily an insurance managed services business that operates on a standalone basis.”

Ransomware 291

Ransomware Insurance Financial Services Manufacturing 291

OpenText Information Management

JANUARY 5, 2023

With inflation, rising interest rates and general economic uncertainty, last year presented several challenges for financial services institutions (FSIs).

Financial Services 105

Financial Services Government Customer Experience Content services 105

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.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

Krebs on Security

JUNE 18, 2021

The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 Title insurance protects homebuyers from the prospect of someone contesting their legitimacy as the new homeowner. Title insurance is not mandated by law, but most lenders require it as part of any mortgage transaction.

Insurance 333

Insurance Risk Financial Services Mining 333

Data Breach Today

SEPTEMBER 5, 2024

New EU Rules Focus on Operational Resilience, Breach Reporting and Third-Party Risk The Digital Operational Resilience Act aims to reshape the financial services industry by introducing strict cybersecurity standards. Financial institutions must comply with the new rules by Jan.

Cybersecurity 189

Cybersecurity Financial Services Insurance Risk 189

OpenText Information Management

MAY 1, 2019

To compete and succeed in today’s fast-changing business climate, banks, insurance companies and other financial services institutions (FSIs) need to have three priorities to contend with new technologies, new market entrants and new ways of working that are changing expectations for the industry.

Financial Services 69

Financial Services Digital transformation Insurance Marketing 69

DXC Technology

MARCH 15, 2019

That’s according to an independent report by 451 Research, ‘Multi-Cloud Fundamental to Financial Services Transformation.’ Multi-clouds — environments made up of multiple public and private clouds typically used for different purposes — may well be the cloud of choice for banks. I’m not here to argue.

Financial Services 91

Financial Services Cloud Insurance Marketing 91

OpenText Information Management

APRIL 22, 2019

Research has consistently shown that senior management within the insurance sector think digital transformation is critical to their business. Digital … The post Achieving digital transformation in the insurance industry appeared first on OpenText Blogs.

Digital transformation 93

Digital transformation Insurance Financial Services Customer Experience 93

Security Affairs

JANUARY 17, 2022

.” The CPU will address critical vulnerabilities in Oracle Essbase, Graph Server and Client, Secure Backup, Communications Applications, Communications, Construction and Engineering, Enterprise Manager, Financial Services Applications, Fusion Middleware, Insurance Applications, PeopleSoft, Support Tools, and Utilities Applications.

Communications 303

Communications Financial Services Big data Retail 303

Data Matters

FEBRUARY 10, 2021

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. 2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. Insurers should: Establish a Formal Cyber Insurance Risk Strategy.

Insurance 78

Insurance Financial Services Cybersecurity Risk 78

OpenText Information Management

JANUARY 12, 2021

The paper problem Financial services workflows have always been heavily paper-based. For example, in … The post Three use cases for cloud fax in financial services appeared first on OpenText Blogs. What about incorporating other business drivers such as improved business efficiency or enhanced customer experience?

Financial Services 90

Financial Services Cloud Customer Experience Paper 90

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. Enforcement and Penalties Under the Law.

Insurance 107

Insurance Security Information Security Cybersecurity 107

OpenText Information Management

AUGUST 26, 2024

Fast, easy, personalized, and engaging experiences are the name of the game in financial services. 3 A messaging platform can help mid-size banks and insurance companies meet these communications challenges, offering a quick ROI and the flexibility to grow into new use cases. How is your institution stacking up?

Financial Services 69

Financial Services Marketing Insurance Communications 69

OpenText Information Management

OCTOBER 5, 2020

In January, I wrote a predictions blog that said the priorities of the financial services industry would not change greatly over the next 12 months!

Financial Services 83

Financial Services Insurance 83

Data Matters

FEBRUARY 20, 2019

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance. Unlawful Discrimination.

Insurance 67

Insurance Financial Services Compliance Retail 67

Security Affairs

SEPTEMBER 1, 2020

.” PIONEER KITTEN hackers to date have focused their attacks against entities in North American and Israeli, while targeted sectors include technology, government, defense, healthcare, aviation, media, academic, engineering, consulting and professional services, chemical, manufacturing, financial services, insurance, and retail. .

Access 316

Access Financial Services Retail Insurance 316

Hunton Privacy

FEBRUARY 22, 2021

The NYDFS learned of the threat after receiving reports from auto insurers that cybercriminals were targeting their premium quote sites to steal driver’s license numbers. The NYDFS learned of the threat after receiving reports from auto insurers that cybercriminals were targeting their premium quote sites to steal driver’s license numbers.

Financial Services 86

Financial Services Insurance Cybersecurity Analytics 86

Hunton Privacy

DECEMBER 4, 2023

On November 28, 2023, the New York Department of Financial Services (“NYDFS”) announced that First American Title Insurance Company (“First American”), the second-largest title insurance company in the United States, would pay a $1 million penalty for violations of the NYDFS Cybersecurity Regulation in connection with a 2019 data breach.

Financial Services 64

Financial Services Data breaches Insurance Cybersecurity 64

Security Affairs

JUNE 29, 2024

IMS specializes in providing business process outsourcing (BPO) and information technology (IT) services specifically tailored for the insurance and financial services industries. Infosys McCamish Systems (IMS) revealed that the 2023 data breach following the LockBit ransomware attack impacted 6 million individuals.

Data breaches 266

Data breaches e-Discovery Ransomware Insurance 266

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.

Insurance 96

Insurance Digital transformation Customer Experience Cloud 96

Data Breach Today

JANUARY 25, 2023

Delinea hopes to increase sales beyond verticals such as financial services, banking, healthcare, insurance and the public sector.

Financial Services 130

Financial Services Sales Insurance Access 130

Thales Cloud Protection & Licensing

OCTOBER 24, 2024

New Cybersecurity Rules for Financial Institutions in New York State Take Effect November 1, 2024 madhav Fri, 10/25/2024 - 06:09 The next major deadline for compliance with the updated cybersecurity rules from the New York State Department of Financial Services (NYDFS) is November 1, 2024.

Cybersecurity 62

Cybersecurity Financial Services Encryption Compliance 62

Krebs on Security

NOVEMBER 19, 2021

In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member.

IT 362

IT Passwords Authentication Phishing 362

IBM Big Data Hub

JUNE 26, 2018

In this Q&A, IBM financial services solution architect Irina Saburova discusses an insurance use case with IBM Data Science Marketing Lead Rosie Pongracz.

Data science 73

Data science Insurance Financial Services Marketing 73

OpenText Information Management

OCTOBER 25, 2021

Every financial services organization today understands the importance of data maturity. Most financial institutions are striving to combine … The post Bridging the data ‘achievement gap’ for financial services appeared first on OpenText Blogs.

Financial Services 64

Financial Services Customer Experience Insurance 64

Krebs on Security

SEPTEMBER 11, 2019

The company that handled that process for MyPayrollHR is a California firm called Cachet Financial Services. On Monday, New York Governor Andrew Cuomo called on the state’s Department of Financial Services to investigate the company’s “sudden and disturbing shutdown.”

Financial Services 279

Financial Services Cloud Insurance IT 279

OpenText Information Management

APRIL 19, 2021

It’s estimated that the financial services sector could see as much as $6 trillion in cybercrime damages in 2021. In fact, research shows that financial services firms are over 300 times more … The post Could digital fax be a secret weapon for cybersecurity in financial services?

Financial Services 64

Financial Services Cybersecurity IT Insurance 64