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How IBM process mining unleashed new efficiencies in BoB-Cardif Life

IBM Big Data Hub

As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co., Ltd (BoB-Cardif Life) partnered with IBM® Using IBM Client Engineering methods and introducing AI-powered process mining product IBM Process Mining.

Mining 66
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First American Financial Corp. Leaked Hundreds of Millions of Title Insurance Records

Krebs on Security

The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. based First American is a leading provider of title insurance and settlement services to the real estate and mortgage industries. In August 2018, financial industry giant Fiserv Inc. First American Financial Corp.

Insurance 279
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News alert: Kovrr report reveals exposure and cost of material cyber threats — across industries

The Last Watchdog

5, 2023 — Kovrr , the leading global provider of cyber risk quantification (CRQ) solutions, announces the release of its new Fortune 1000 Cyber Risk Report, shedding light on the complex and ever-evolving cyber risk landscape across various industry sectors and the respective financial repercussions companies may consequently face.

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NY Charges First American Financial for Massive Data Leak

Krebs on Security

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 319
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ABBYY Releases Research: State of Process Mining and Robotic Process Automation

Info Source

Global survey results released today found that process knowledge is the primary success factor for robotic process automation (RPA) projects, yet only 31% of US organizations are currently using process mining tools to understand their processes. Process mining . Financial planning & decision-making. Improving customer experience.

Mining 52
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First American Financial Pays Farcical $500K Fine

Krebs on Security

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 305
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The Scammers’ Playbook: How Cybercriminals Get Ahold of Your Data

eSecurity Planet

Cybercrime is a growth industry like no other. A major focus of cybersecurity as an industry is its efforts to detect, root out, and respond to potential fraudsters attempting to trick companies and people out of their money, data, or both. Finance and insurance finished a close second at 22.4%. billion in reported losses.