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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. First American Financial Corp. Image: Linkedin. Santa Ana, Calif.-based billion in 2018.

Insurance 279
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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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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 billion in 2019.

Insurance 319
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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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Spike in “Chain Gang” Destructive Attacks on ATMs

Krebs on Security

Tracey Santor is the bond product manager for Travelers , which insures a large number of financial institutions against this type of crime. Now it appears the crime — known variously as “ ATM smash-and-grab ” or “ chain gang ” attacks — is rapidly increasing in other states.

Insurance 346
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Best Practices Q&A: Guidance about what directors need to hear from CISOs — from a board member

The Last Watchdog

Related: The ‘cyber’ case for D&O insurance Vanessa Pegueros knows this all too well. CISOs can sometimes be their own worst enemy, especially when it comes to communicating with the board of directors. She serves on the board of several technology companies and also happens to be steeped in cyber risk governance.