eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage. Cyber Insurance is Booming.

Insurance 119

Insurance Ransomware Cybersecurity Marketing 119

Krebs on Security

OCTOBER 30, 2024

A few days after BlackCat imploded, the same stolen healthcare data was offered for sale by a competing ransomware affiliate group called RansomHub. “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.

Insurance 266

Insurance Ransomware Data breaches Computer and Electronics 266

Data Protection Report

APRIL 30, 2024

The claims related to the company’s sharing personal data without consumer consent and making it very difficult for consumers to cancel their subscriptions to this telehealth service. The order also, in Section IX, set forth data destruction requirements and a data retention policy.

Personal data 85

Personal data Privacy Information governance Compliance 85

IBM Big Data Hub

MAY 1, 2023

In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. Artificial intelligence applied to insurance The insurance industry has always made extensive use of data and algorithms, such as in the calculation of insurance premiums.

Artificial Intelligence 75

Artificial Intelligence Insurance Risk Personal data 75

Hunton Privacy

MAY 29, 2020

The implementation of Thailand’s Personal Data Protection Act B.E. If any data controller is unsure as to whether it falls within the scope of those listed in the Royal Decree as being exempt from compliance with the PDPA until May 31, 2021, it may seek advice from the Personal Data Protection Committee.

Personal data 84

Personal data Compliance Insurance IT 84

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

Insurance 77

Insurance Authentication Risk Ransomware 77

IBM Big Data Hub

MAY 8, 2023

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. Usage risk—inaccuracy The performance of an AI system heavily depends on the data from which it learns.

Insurance 68

Insurance Risk Artificial Intelligence Government 68

Data Breach Today

OCTOBER 28, 2022

About 4M Australians Affected by Extortion Demand Made Against the Health Insurer Fallout from the hack of Australian health insurer Medibank continues to worsen as the company twice this week acknowledged a wider set of affected individuals.

Insurance 197

Insurance Personal data Access 197

Thales Cloud Protection & Licensing

MAY 26, 2023

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

Insurance 71

Insurance Digital transformation Security Authentication 71

Hunton Privacy

JANUARY 5, 2024

Background The case related to the processing of an incapacitated employee’s personal data, including health data, by the medical service provider (“MDK”) of a health insurance fund in Germany. Under applicable law, the MDK draws up reports on the capacity of individuals insured by the health insurance fund to work.

GDPR 125

GDPR Personal data Insurance IT 125

Data Breach Today

FEBRUARY 1, 2021

Hackers Tampered With Some Data That Was Exposed An organization that administers a children’s dental and health insurance program in Florida took down its online application platform after it discovered the company that hosted its website apparently failed to address vulnerabilities over a seven-year period, resulting in the exposure of personal data. (..)

Insurance 240

Insurance Personal data IT 240

Data Breach Today

NOVEMBER 7, 2022

Group Claiming Affiliation With REvil Threatens to Release Data Embattled Australian private health insurer Medibank says it won't pay hackers' extortion demand, saying it can't trust cybercriminals to delete personal data. million individuals.

Insurance 130

Insurance Personal data Ransomware IT 130

Security Affairs

NOVEMBER 18, 2024

A ransomware attack on Great Plains Regional Medical Center compromised personal data of 133,000 individuals, exposing sensitive information. The organization is notifying impacted patients and is offering them free credit monitoring if their sensitive data like Social Security or driver’s license numbers were compromised.

Ransomware 125

Ransomware Encryption Insurance Personal data 125

Hunton Privacy

NOVEMBER 20, 2013

On November 4, 2013, the China Insurance Regulatory Commission, which is the Chinese regulatory and administrative authority for the insurance sector, issued the Interim Measures for the Management of the Authenticity of Information of Life Insurance Customers (the “Measures”).

Insurance 40

Insurance Personal data Authentication Records Management 40

Dark Reading

AUGUST 16, 2023

This time, it's the law firm that got breached, then sued for what victims claim was inadequate protection and compensation for theft of personal data.

Data breaches 73

Data breaches Insurance Personal data IT 73

Threatpost

FEBRUARY 8, 2018

The vulnerability also exposed login credentials for a massive national insurance claims database, Upguard says.

Insurance 48

Insurance Personal data Ransomware Cloud 48

Data Protection Report

FEBRUARY 27, 2020

Given the level of interest in the case, we have prepared a deeper-dive into the facts and the implications of the decision, with a focus on the important role played in the case by cyber insurance. Until recently, there had not been an example of a cyber insurer actively participating in a recovery action. This is set out below.

Insurance 81

Insurance Risk Data breaches Personal data 81

Hunton Privacy

APRIL 18, 2023

SB 5’s protections would apply to residents of Indiana who act for a personal, family or household purpose, with express exemption for individuals acting in a commercial or employment context.

Privacy 132

Privacy Personal data Sales Insurance 132

Krebs on Security

MAY 23, 2020

states are possibly making it easier for crooks by leaking their citizens’ personal data from the very websites the unemployment scammers are using to file bogus claims. A number of states have suffered security issues with the PUA websites that exposed personal details of citizens filing unemployment insurance claims.

Insurance 350

Insurance Government Personal data Communications 350

The Last Watchdog

AUGUST 1, 2023

1, 2023 – Guardz , the cybersecurity company securing and insuring SMEs, today disclosed the existence of a Hidden Virtual Network Computing (hVNC) malware targeting macOS devices. This combination of stealth, persistence, data theft, and remote control makes the malware a very potent tool in the hands of malicious actors.

Insurance 189

Insurance Cybersecurity Risk Education 189

Data Breach Today

NOVEMBER 8, 2018

Company Says Medicare Supplemental Plan Policyholders Among Those Impacted Bankers Life is notifying more than 566,000 individuals, including Medicare supplemental insurance policyholders, that their personal information was exposed in a hacking incident.

Insurance 176

Insurance Personal data Access 176

Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 96

Insurance Risk Marketing Cybersecurity 96

DLA Piper Privacy Matters

MAY 17, 2018

DLA Piper and Aon have launched a guide ‘ The price of data security ‘, ahead of the General Data Protection Regulation (GDPR), effective from 25 May 2018. The guide reviews the insurability of GDPR fines across Europe, which can reach up to €20 million or, if higher, up to 4% of a group’s annual global turnover.

Insurance 45

Insurance GDPR Data breaches Personal data 45

Krebs on Security

JULY 23, 2020

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

Insurance Financial Services Mining Access 319

Hunton Privacy

JULY 1, 2022

In its consent order , the Department noted that the cybersecurity events had caused the exposure of a substantial amount of sensitive personal data belonging to Carnival’s customers, including those residing in New York. NYDFS also found that Carnival had failed to implement basic protocols to prevent data breaches.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

Krebs on Security

JANUARY 29, 2021

The unprecedented volume of unemployment insurance fraud witnessed in 2020 hasn’t abated, although news coverage of the issue has largely been pushed off the front pages by other events. The scammers typically use stolen identity data to claim benefits, and then have the funds credited to an online account that they control.

Insurance 326

Insurance Personal data Authentication IT 326

Hunton Privacy

MAY 10, 2022

On May 10, 2022, Connecticut Governor Ned Lamont signed An Act Concerning Personal Data Privacy and Online Monitoring , after the law was previously passed by the Connecticut General Assembly in April. Connecticut is now the fifth state to enact a consumer privacy law.

Privacy 118

Privacy Personal data Sales B2B 118

Hunton Privacy

MARCH 24, 2022

Similar to the CPA and VCDPA, the UCPA contains exemptions for covered entities, business associates and protected health information subject to the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”), and financial institutions or personal data subject to the Gramm-Leach-Bliley Act (“GLB”).

Privacy 113

Privacy Personal data Sales B2B 113

Hunton Privacy

JULY 12, 2023

Consumer” means a natural person who resides in Oregon and acts in any capacity other than in a commercial or employment context. Thus, like most other comprehensive state privacy laws, employee data and business-to-business data are excluded from the scope of the OCPA.

Privacy 52

Privacy Personal data Insurance Sales 52

IT Governance

MAY 30, 2018

A report published by research and consultancy company Celent highlights the challenges that the GDPR presents to insurers. Insurers are data controllers: a person, public authority, agency or body that determines the purpose of processing personal data. Steps insurers should take to become GDPR compliant.

Insurance 41

Insurance GDPR Compliance Data collection 41

eSecurity Planet

SEPTEMBER 21, 2024

Health Insurance Portability & Accountability Act (HIPAA) The Health Insurance Portability and Accountability Act (HIPAA) sets standards for protecting sensitive health information, particularly electronic health records (EHRs). 93H to protect the personal information of Massachusetts residents.

Cybersecurity 120

Cybersecurity Computer and Electronics Compliance Privacy 120

Hunton Privacy

MARCH 17, 2023

Controller Obligations Controllers would be required to implement reasonable security practices, provide a compliant privacy notice to consumers and enter into agreements with processors that handle the controller’s personal data. These rights notably exclude a right to correct inaccurate personal data.

Privacy 72

Privacy Personal data Sales Insurance 72

Security Affairs

NOVEMBER 8, 2022

Australian health insurer Medibank confirmed that personal data belonging to around 9.7 Medibank announced that personal data belonging to around 9.7M Medibank is one of the largest Australian private health insurance providers with approximately 3.9 million customers. million customers.

Ransomware 98

Ransomware Insurance Personal data Data breaches 98

Security Affairs

JANUARY 23, 2024

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

Government 138

Government Insurance Ransomware Data breaches 138

The Last Watchdog

SEPTEMBER 24, 2024

The growing threat of cybercrime, including ransomware attacks and large-scale data leaks, is also pushing individuals to take more control of their personal data. Credit monitoring services provide ongoing tracking of credit reports for suspicious activity, and some even offer insurance for identity theft-related losses.

Authentication 215

Authentication IT ROT Compliance 215

Data Protection Report

JULY 28, 2021

Pursuant to the court’s decision, Article 15 GDPR also covers information already known about the data subject, previous correspondence and notes of internal processes or internal communications related to the data subject. The defendant was a life insurance company and the claimant their insured.

Access 128

Access GDPR Personal data Insurance 128

DLA Piper Privacy Matters

APRIL 8, 2019

This fragmentation has, unsurprisingly, lead to a heavy administrative burden for the secondary users of social and health care data by parallel and slow licence procedures with various authorities. The decisions on licenses are subject to an appeal.

Personal data 68

Personal data GDPR Healthcare Compliance 68