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US Government to Study Cyber Insurance Backstop

Data Breach Today

Cyber Insurers Limit Financial Exposure While Risk Grows The Department of Treasury and the Cybersecurity and Infrastructure Agency are soliciting comments on whether risks to critical infrastructure from a catastrophic cyber attack - and the concurrent potential for ruinous financial exposure by insurers - should lead to a new federal approach.

Insurance 130
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Zurich refuses to pay Mondelez for NotPetya damages because it’s ‘an act of war’

Security Affairs

Zurich American Insurance Company is refusing to refund its client because consider the attack as “an act of war” that is not covered by its policy. According to the cyber security community, NotPetya is a cyber weapon develped by Russia to hit the Ukrainian government. SecurityAffairs – Mondelez, cyber insurance).

Insurance 274
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Cyber insurance: A guide for businesses

IT Governance

That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? What is cyber insurance? How does cyber insurance work? What does a cyber insurance policy cover? Who needs cyber insurance?

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E-Verify’s “SSN Lock” is Nothing of the Sort

Krebs on Security

But KrebsOnSecurity recently discovered that this is not the case with all federal government sites built to help you manage your identity online. A key concept here is that these services only allow one account per Social Security number — which for better or worse is the de facto national identifier in the United States.

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Why data observability is essential to AI governance

erwin

Will the new creative, diverse and scalable data pipelines you are building also incorporate the AI governance guardrails needed to manage and limit your organizational risk? Tackle AI data readiness and governance with erwin. The post Why data observability is essential to AI governance appeared first on erwin Expert Blog.

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NYDFS issues significant guidance on insurers using AI or external data

Data Protection Report

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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CIAM in insurance: A unified, secure user experience with a single login

Thales Cloud Protection & Licensing

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.