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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. For the insurance industry, working with clients to help them tackle these challenges is vital to ensuring businesses operate in as safe an environment as possible.

Risk 189
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Role of Big Data in Human Resource Management

AIIM

In addition to this, recruitment costs, training expenditures, productivity loss and negative reviews from clients are just a few examples of what the wrong person in the wrong place can do. Following the insurance companies’ footsteps, employers gather health-related data of their staff and candidates.

Big data 177
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The Scammers’ Playbook: How Cybercriminals Get Ahold of Your Data

eSecurity Planet

Finance and insurance finished a close second at 22.4%. Finance and insurance companies were particularly vulnerable to the sort of phishing scams we’re talking about. Further reading: Best Cybersecurity Awareness Training for Employees. of cyber attacks IBM handled. Phishing attacks made up 40% of all attacks in the sector.

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What is a Cyberattack? Types and Defenses

eSecurity Planet

Cisco Umbrella , analyzing the threat environment for 2022, found that 86% of organizations experienced phishing, 69% experienced unsolicited crypto mining, 50% were affected by ransomware, and 48% experienced some form of information-stealing malware. Capital markets, insurance, financial services, and banking are now online.

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Best Fraud Management Systems & Detection Tools in 2022

eSecurity Planet

Banks, financial services, and insurance companies are especially vulnerable to fraud due to their access to large amounts of money and sensitive information for customers and employees alike. They’re also useful for background checks, data analytics, and data mining. of attacks IBM handled, respectively.

Analytics 115
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State Attackers Moving from Stealing Data to Social Meddling

Ascent Innovations

The new cyber intelligence report expects the monetary benefits will allure the use of crypto-mining malware and cryptocurrencies by cyber attackers this year. They look to steal credit card numbers from financial services & insurance companies or install malware on the critical systems used by healthcare companies. New bad actors.

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Exploring the AI and data capabilities of watsonx

IBM Big Data Hub

With watsonx.ai, businesses can effectively train, validate, tune and deploy AI models with confidence and at scale across their enterprise. Each IBM-trained foundation model brings together cutting-edge innovations from IBM Research and the open research community. IBM watsonx.ai Subsequent watsonx.ai