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. Securities and Exchange Commission (SEC). The company disclosed the security breach on July 5, but it is not clear when it has discovered the attack.

Ransomware 300

Ransomware Insurance Financial Services Manufacturing 300

Security Affairs

AUGUST 20, 2024

branch of Toyota, stealing 240GB of files containing information on Toyota employees, customers, contracts, and financial details. However, the company attempted to downplay the incident claiming that the security breach is limited in scope. Toyota Financial Services (TFS) is the finance arm of the Toyota Motor Corporation.

Data breaches 296

Data breaches Financial Services Archiving Passwords 296

Krebs on Security

JUNE 18, 2021

In May 2019, KrebsOnSecurity broke the news that the website of mortgage settlement giant First American Financial Corp. NYSE:FAF ] was leaking more than 800 million documents — many containing sensitive financial data — related to real estate transactions dating back 16 years. First American Financial Corp.

Insurance 322

Insurance Risk Financial Services Mining 322

Security Affairs

JANUARY 17, 2022

This pre-release announcement for Critical Patch Update (CPU) for January 2022 confirms that Oracle security updates will address 483 new security patches. “A Critical Patch Update is a collection of patches for multiple security vulnerabilities. This Critical Patch Update addresses 483 new security patches.

Communications 311

Communications Financial Services Big data Retail 311

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. ” . ”

Financial Services 246

Financial Services Insurance Sales Authentication 246

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”). Information Security Program Requirements. On May 27, 2022, Vermont Governor Phil Scott signed H.515

Insurance 107

Insurance Security Information Security Cybersecurity 107

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 103

Financial Services Privacy Data Privacy Cybersecurity 103

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

Security Affairs

SEPTEMBER 1, 2020

The Iranian hacker group has been attacking corporate VPNs over the past months, they have been hacking VPN servers to plant backdoors in companies around the world targeting Pulse Secure , Fortinet , Palo Alto Networks , and Citrix VPNs. ” reads the report published by Crowdstrike. Pierluigi Paganini.

Access 325

Access Financial Services Retail Insurance 325

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 79

Insurance Financial Services Cybersecurity Risk 79

OpenText Information Management

JANUARY 12, 2021

Fax is so secure that faxed documents and signatures are recognized in the courts as being legally binding. It stands to reason, then, that fax would be the bedrock of financial communications, but are there ways to make it even better? The paper problem Financial services workflows have always been heavily paper-based.

Financial Services 91

Financial Services Cloud Customer Experience Paper 91

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. In February, Bank of America began notifying some customers following the IMS data breach. ” concludes the notification.

Data breaches 271

Data breaches e-Discovery Ransomware Insurance 271

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

Security Affairs

APRIL 8, 2020

“Consider contacting CIFAS (the UK’s Fraud Prevention Service) to apply for protective registration. Once you’ve registered, you should be aware that CIFAS members will do extra checks to see when anyone, including you, applies for a financial service, such as a loan, using your address.” Pierluigi Paganini.

Ransomware 334

Ransomware Data breaches Encryption Financial Services 334

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

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. Unfortunately, Otsuka said, the scammers are defeating this layered security control as well.

IT 361

IT Passwords Authentication Phishing 361

Security Affairs

AUGUST 16, 2023

Other top 4 targeted industries include Manufacturing, Insurance, Technology, and Financial Services seeing 15%, 9%, 7%, and 6% of the campaign traffic respectively.” “Email lures came in the form of updating account security surrounding 2FA, MFA, and general account security.

Phishing 246

Phishing Energy and Utilities Insurance Manufacturing 246

KnowBe4

OCTOBER 5, 2023

Menlo Security warns that a social engineering campaign is using the EvilProxy phishing kit to target senior executives across a range of industries, including banking and financial services, insurance, property management and real estate, and manufacturing.

Phishing 119

Phishing Financial Services Insurance Manufacturing 119

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

Thales Cloud Protection & Licensing

OCTOBER 14, 2024

2024 Thales Global Data Threat Report: Trends in Financial Services madhav Tue, 10/15/2024 - 05:17 Financial services (FinServ) firms are key players in the global economy. Nearly two-thirds (64%) of FinServ said it’s more complex to secure data in the cloud than on-prem, compared to 55% of general respondents.

Financial Services 62

Financial Services Cloud Compliance Authentication 62

Security Affairs

APRIL 20, 2023

In 2022, the ICICI Bank’s resources were named a “critical information infrastructure” by the Indian government – any harm to it can impact national security. However, despite the critical status of bank infrastructure on the national level, the security of crucial data was not ensured. million files belonging to ICICI Bank.

Personal data 246

Personal data Phishing Risk Communications 246

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

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

Hunton Privacy

JANUARY 24, 2018

On January 22, 2018, the New York Department of Financial Services (“NYDFS”) issued a press release reminding entities covered by its cybersecurity regulation that the first certification of compliance with the regulation is due on or prior to February 15, 2018.

Financial Services 58

Financial Services Cybersecurity Compliance Insurance 58

IBM Big Data Hub

JANUARY 16, 2024

The start of 2024 brings forth many questions as to what we can expect in the year ahead, especially in the financial services industry, where technological advances have skyrocketed and added complexities to an already turbulent landscape. One example of this is in insurance.

Financial Services 48

Financial Services Customer Experience Cloud Digital transformation 48

OpenText Information Management

NOVEMBER 22, 2023

All of these elements have put pressure on the financial … The post Predictions for the financial services industry in 2024 appeared first on OpenText Blogs.

Financial Services 59

Financial Services Artificial Intelligence Customer Experience Content services 59

The Last Watchdog

MARCH 26, 2019

Pick any company in any vertical – financial services, government, defense, manufacturing, insurance, healthcare, retailing, travel and hospitality – and you’ll find employees, partners, third-party suppliers and customers all demanding remote access to an expanding menu of apps — using their smartphones and laptops.

Security 145

Security Digital transformation Financial Services Risk 145

The Last Watchdog

AUGUST 22, 2019

A core security challenge confronts just about every company today. While the benefits of DX are highly-touted , this shift has also spawned a whole new tier of unprecedented privacy and security challenges. The cloud is kind of dragging this movement along and DevOps and security are center stage, at the moment.”

Digital transformation 147

Digital transformation Compliance Risk Security 147

The Last Watchdog

MAY 24, 2021

Akamai, which happens to be the Hawaiian word for “smart,” recently released its annual State of the Internet security report. billion hitting financial services organizations — an increase of more than 45 percent year-over-year in that sector. billion web attacks globally; 736 million in the financial services sector.

Financial Services 178

Financial Services Passwords Data breaches Authentication 178

Hunton Privacy

JULY 1, 2022

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp. Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

The Last Watchdog

SEPTEMBER 24, 2024

The stolen information included full names, Social Security numbers, mailing addresses, phone numbers, and email addresses of millions of U.S., Investigations are ongoing, and several class-action lawsuits have been filed, alleging that the company failed to implement sufficient security measures. Canadian, and British citizens.

Authentication 216

Authentication IT ROT Compliance 216

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

Krebs on Security

SEPTEMBER 27, 2019

For more than a decade, MyPayrollHR worked with California-based Cachet Financial Services to process payroll deposits for MyPayrollHR client employees. NatPay said its insurance should help cover the losses it incurred when MyPayrollHR’s banks froze the company’s accounts. 1, 2019 to Aug.

Financial Services 275

Financial Services Insurance Cloud IT 275

The Last Watchdog

APRIL 3, 2019

Its customer base is comprised of eight of the top 15 banks, four of the top six healthcare insurance and managed care providers, nine of the top 15 property and casualty insurance providers, five of the top 13 pharmaceutical companies, and 11 of the largest 15 federal agencies. Talk more soon.

Digital transformation 140

Digital transformation Insurance Compliance Healthcare 140

Data Protection Report

OCTOBER 17, 2024

On October 16, 2024, the New York Department of Financial Services (“NYDFS” or “DFS”) issued guidance raising awareness about combatting cybersecurity risks arising from artificial intelligence (“AI”) used by DFS licensees, such as insurers and virtual currency businesses.

Artificial Intelligence 56

Artificial Intelligence Financial Services Risk Cybersecurity 56

The Last Watchdog

MARCH 1, 2019

There’s a frantic scramble going on among those responsible for network security at organizations across all sectors. Enterprises have dumped small fortunes into stocking their SOCs (security operations centers) with the best firewalls, anti-malware suites, intrusion detection, data loss prevention and sandbox detonators money can buy.

Digital transformation 193

Digital transformation Marketing Analytics Risk 193

HL Chronicle of Data Protection

FEBRUARY 25, 2020

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the effective date of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act or Act).

Cybersecurity 104

Cybersecurity Financial Services Data breaches Insurance 104