IT Governance

OCTOBER 15, 2020

Cyber threats are so numerous that it’s impossible to prevent security incidents altogether. 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?

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Insurance Data breaches Risk Security 120

IT Governance

AUGUST 23, 2022

Cyber liability insurance helps organisations cover the financial costs of a data breach. Without insurance, organisations spend £3.6 million on average recovering from security incidents. By purchasing cyber liability insurance, organisations gain the resources they need at a fraction of the cost.

Insurance 119

Insurance Data breaches e-Delivery Risk 119

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

Security Affairs

APRIL 20, 2021

Car insurance provider Geico has suffered a data breach, attackers have stolen the driver’s licenses for policyholders for several weeks. Geico, the second-largest auto insurer in the U.S., We have reason to believe that this information could be used to fraudulently apply for unemployment benefits in your name.”

Insurance 141

Insurance Data breaches Sales Security 141

Security Affairs

JULY 9, 2021

Insurance giant CNA notifies customers of a data breach after the Phoenix CryptoLocker ransomware attack suffered in March. US insurance giant CNA is notifying customers of a data breach after the ransomware attack that it suffered in March. Follow me on Twitter: @securityaffairs and Facebook. Pierluigi Paganini.

Data breaches 145

Data breaches Insurance Ransomware Encryption 145

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 320

Insurance Risk Financial Services Mining 320

Data Matters

FEBRUARY 2, 2021

The National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law has been adopted in at least 11 states, with several others (including New York) having implemented either older or similar laws or administrative guidance. See State Legislative Brief, NAIC, June 2020.

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Insurance Security Compliance Privacy 114

Security Affairs

SEPTEMBER 29, 2020

Gallagher (AJG) insurance giant disclosed a ransomware attack, the security breach took place on Saturday. Gallagher (AJG) global insurance brokerage firm confirmed that it was his with a ransomware attack on Saturday, September 26. US-based Arthur J. US-based Arthur J. Pierluigi Paganini. SecurityAffairs – hacking, AJG).

Insurance 145

Insurance Ransomware Data breaches Cybersecurity 145

Security Affairs

AUGUST 7, 2019

The American group of insurance and financial services companies State Farm disclosed a credential stuffing attack it has suffered in July. The American group of insurance and financial services companies State Farm revealed that it was the victim of a credential stuffing attack it has suffered in July. Pierluigi Paganini.

Insurance 110

Insurance Data breaches Financial Services Passwords 110

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

Insurance 100

Insurance Risk Cybersecurity Ransomware 100

Security Affairs

APRIL 23, 2023

Non-profit health insurer Point32Health suffered a ransomware attack and has taken systems offline in response to the incident. Non-profit health insurer Point32Health has taken systems offline in response to a ransomware attack that took place on April 17. ” reads the statement published by the insurer.

Insurance 98

Insurance Ransomware Cybersecurity Education 98

Krebs on Security

OCTOBER 30, 2024

“Affected insurance providers can contact us to prevent leaking of their own data and [remove it] from the sale,” RansomHub’s victim shaming blog announced on April 16. According to the HIPAA Journal, the biggest penalty imposed to date for a HIPPA violation was the paltry $16 million fine against the insurer Anthem Inc.

Insurance 283

Insurance Ransomware Data breaches Computer and Electronics 283

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. For those who have cyber insurance against ransomware attacks. That way you would have avoided a leak and decrypted your information. Very important! reads the ransom note.

Insurance 98

Insurance Ransomware Encryption IT 98

IT Governance

JULY 30, 2024

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. To find out more about what we can learn from the event, and protect ourselves from ‘Strike 2’, we talked to our information security manager, Adam Seamons. of its share price.

Insurance 103

Insurance Risk Encryption Manufacturing 103

Krebs on Security

APRIL 27, 2023

This misconfigured Salesforce Community site from the state of Vermont was leaking pandemic assistance loan application data, including names, SSNs, email address and bank account information. But after being presented with a document including the Social Security number of a health professional in D.C. Washington, D.C.

Access 330

Access Information Security Authentication Communications 330

The Last Watchdog

OCTOBER 29, 2018

The headlines immediately attempted to lay the blame, in large part, on the fact that Equifax’s chief information security officer was a music major and did not have a background in technology. Insurability. Equifax was not special in this regard. Related: How social media is used to spread malware, influence elections.

Security 164

Security Data Privacy Privacy Data breaches 164

Krebs on Security

OCTOBER 28, 2020

In the video, the REvil representative stated that the most desirable targets for the group were agriculture companies, manufacturers, insurance firms, and law firms. The REvil actor claimed that on average roughly one in three of its victims agrees to pay an extortion fee.

Security 361

Security Ransomware Agriculture Cybersecurity 361

Data Matters

JUNE 23, 2022

Kentucky and Maryland recently continued the trend of state insurance departments adopting some version of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Data Security Model Law. Kentucky Governor Andy Beshear signed House Bill 474 into law, and Maryland Governor Larry Hogan signed SB 207.

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Insurance Security Cybersecurity Information Security 103

IG Guru

NOVEMBER 30, 2023

The post Cyber Security: Insurance Prices Level After Two Years of Brutal Increases via ENR first appeared on IG GURU. Check out the article here.

Insurance 77

Insurance Security Information governance Risk 77

Security Affairs

AUGUST 21, 2020

The university notified appropriate law enforcement entities, and the university’s Information Security Office (ISO) investigated and resolved the incident in consultation with an external firm that specializes in responding to ransomware attacks.” ” reads a press release published by the University.

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Ransomware Insurance Encryption Information Security 145

IT Governance

DECEMBER 14, 2021

You’ll receive a pool of experts who can help address network infrastructure, information security, Cloud computing and anything else that’s relevant to your organisation. You’ll receive cyber insurance cover ?. Many cyber-security-as-a-service offerings include cyber insurance as part of the package.

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Security Insurance Data breaches Information Security 130

Security Affairs

FEBRUARY 6, 2021

WestRock is also working with its vendors so they are informed, and supply chains remain operational.” ” WestRock confirmed that it has cyber insurance business interruption insurance. The Company maintains a variety of insurance policies, including cyber insurance and business interruption insurance.

Ransomware 145

Ransomware Insurance Communications Security 145

The Last Watchdog

MARCH 13, 2023

So how will this affect chief information security officers (CISOs) and security programs? Given the perennial skills and staffing shortage in security, it’s unlikely that CISOs will be asked to make deep budget or staffing cuts, yet they may not come out of this period unscathed.

Security 203

Security Insurance Cybersecurity Customer Experience 203

Security Affairs

MAY 19, 2024

According to the notice published by the company, WebTPA acts as an administrative services provider to certain benefit plans and insurance companies whose information was impacted in this incident. “The investigation concluded that the unauthorized actor may have obtained personal information between April 18 and April 23, 2023.”

Data breaches 138

Data breaches Insurance Cybersecurity Security 138

Security Affairs

JUNE 14, 2024

In January 2025, European financial and insurance institutions, their business partners and providers, must comply with DORA. In January 2025, financial and insurance institutions in Europe and any organizations that do business with them must comply with the Digital Operation Resilience Act, also known as DORA.

Compliance 124

Compliance Insurance Risk Cloud 124

Security Affairs

JANUARY 2, 2024

Hudson Researchers reported that on December 20th, a hacker using the moniker ‘irleaks’ announced the availability for sale of over 160,000,000 records allegedly stolen from 23 leading insurance companies in Iran. It is still unclear how the hackers targeted so many insurance companies at the same time.

Insurance 145

Insurance Sales Passwords Access 145

IT Governance

JULY 6, 2020

For example, the report found that: Only 9% of organisations have a documented cyber security policy; Only 10% have cyber insurance; and. Beaming notes that organisations should be taking a strategic, holistic approach to cyber security rather than identifying specific threats and addressing them as they arise.

Information Security 137

Information Security Phishing IoT Insurance 137

Krebs on Security

JULY 21, 2023

A review of the executives pages published by the 2022 list of Fortune 100 companies found only four — BestBuy , Cigna , Coca-Cola , and Walmart — that listed a Chief Security Officer (CSO) or Chief Information Security Officer (CISO) in their highest corporate ranks.

Security 217

Security Risk Insurance Cybersecurity 217

Security Affairs

JULY 21, 2021

Experts found a DB containing sensitive health insurance data belonging to customers of US insurance giant Humana. An SQL database containing what appears to be highly sensitive health insurance data of more than 6,000 patients has been leaked on a popular hacker forum. Drug prescription listings).

Insurance 123

Insurance Passwords Libraries Access 123

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. Compliance matters.

Digital transformation 140

Digital transformation Insurance Compliance Healthcare 140

Security Affairs

FEBRUARY 3, 2024

” The company added that it did not record any insurance proceeds in the three and six months ending on December 31, 2023, associated with the cyberattack. The recognition of insurance recoveries, if applicable, may not align with the timing of recognizing the associated expenses.

Insurance 138

Insurance Sales Ransomware Marketing 138

Security Affairs

JULY 2, 2024

The insurance company Prudential Financial confirmed that the data breach it suffered in February 2024 affected over 2.5 Prudential Financial confirmed that more than 2.5 million individuals were affected by the data breach it suffered in February 2024. million individuals.

Data breaches 141

Data breaches Insurance Ransomware Security 141

Security Affairs

APRIL 8, 2024

Compromised data exposed personal and Medicare information of the individuals, including name, date of birth, address, Medicare Health Insurance Claim Number (which contains a Social Security number associated with a member) and some medical information and/or health insurance information.

Data breaches 138

Data breaches Insurance Cybersecurity Government 138

Security Affairs

JANUARY 4, 2024

“Suspicious activity should be promptly reported to relevant parties including an insurance company, health care provider, and/or financial institution.” Long Island Select Healthcare, Mid Florida Hematology & Oncology Centers, P.A, ” reads a notice published by the company on its website. ” concludes the notice.

Data breaches 138

Data breaches Artificial Intelligence Insurance Access 138

Security Affairs

JANUARY 23, 2024

The man is responsible for the cyber attacks that in 2022 hit the Australian insurance provider Medibank. Medibank is one of the largest Australian private health insurance providers with approximately 3.9 “ In November 2022, Medibank announced that personal data belonging to around 9.7M million customers.

Government 137

Government Insurance Ransomware Data breaches 137

Security Affairs

FEBRUARY 26, 2021

Our online security team has uncovered a massive data breach originating from a misconfigured Amazon Bucket, which was operated by a Turkish Legal advising company, INOVA YÖNETIM & AKTÜERYAL DANI?MANLIK. Inova is an actuarial consultancy company, which means they compile statistical analysis and calculate insurance risks and premiums.

Data breaches 123

Data breaches Insurance Paper Access 123

eSecurity Planet

AUGUST 9, 2022

are subject to laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (the HITECH Act), as well as regulations such as the Clinical Laboratory Improvements Amendments (CLIA). Security, Privacy and Compliance Can Conflict.

Data Privacy 143

Data Privacy Compliance Privacy Security 143