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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

Risk 189
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How IBM process mining unleashed new efficiencies in BoB-Cardif Life

IBM Big Data Hub

How do organizations avoid the digital risks of ‘technology misuse’ and achieve efficient innovation that ‘technology promotes production’? As an insurance company integrating technology into the new development landscape, BoB-Cardif Life Insurance Co.,

Mining 67
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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 283
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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. She serves on the board of several technology companies and also happens to be steeped in cyber risk governance. Pigueros: Compliance is not going to fix all the security risks. Compliance brings visibility to a topic.

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Top 10 Governance, Risk and Compliance (GRC) Vendors

eSecurity Planet

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. It includes multi-disciplinary risk and compliance management solutions and tools, including: IT & security risk management. Third-party risk management.

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ABBYY Announces Its Agreement to Acquire TimelinePI to Deliver Digital Intelligence for Enterprise Processes

Info Source

TimelinePI’s vision of combining the most versatile process mining and operational monitoring with cutting-edge, process-centric AI and machine learning will serve as a critical cornerstone to ABBYY’s Digital IQ strategy. Acquisition Expands ABBYY’s Digital IQ Capabilities by Combining Content and Process IQ . MILPITAS, Calif.,

Mining 40
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How IBM and AWS are partnering to deliver the promise of AI for business

IBM Big Data Hub

In today’s digital age where data stands as a prized asset, generative AI serves as the transformative tool to mine its potential. A leading insurance player in Japan leverages this technology to infuse AI into their operations. The retailer uses these insights to optimize inventory levels, reduce costs and enhance efficiency.