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. But since the sneaky insurance agent purposely negotiates so as not to pay for the insurance claim, only the insurance company wins in this situation.

Insurance 98

Insurance Ransomware Encryption IT 98

DXC Technology

JULY 14, 2020

That’s certainly true when it comes to insurance, as evidenced by the findings of our recent consumer survey. Based on responses from more than 2,000 individuals in the United States, the 2020 DXC Insurance Survey Report presents […].

Insurance 63

Insurance Digital transformation IT 63

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

IT Governance

JULY 15, 2019

Cyber insurance is big business these days. With the ever-present danger of data breaches and cyber attacks, organisations must be sure that they have the financial backing to respond appropriately. The most common reasons that insurers reject cyber insurance claims are organisations’ failure to.

Insurance 73

Insurance Data breaches Risk Information Security 73

Lenny Zeltser

JULY 1, 2020

The most likely way in which you’ll learn that you’ve fallen victim to the identity theft-based unemployment insurance scam is by receiving an unsolicited debit card in the mail. I wrote this article to help other victims of this unemployment insurance fraud and identity theft scam.

Insurance 120

Insurance Data breaches Government IT 120

eSecurity Planet

OCTOBER 8, 2024

IT leaders know that the reason regulators and cybersecurity insurers require them to conduct network penetration testing is to ensure they’re protecting their networks from being accessed by attackers. But hackers don’t operate on the same schedule as regulators.

Compliance 109

Compliance Insurance Risk Security 109

The Last Watchdog

APRIL 8, 2024

Related: The ‘cyber’ case for D&O insurance Vanessa Pegueros knows this all too well. Thus, presenting a sky-is-falling scenario to justify a fatter security budget, “does not resonate at the board level,” she said in her talk. Here’s that exchange, edited for clarity and length.

Compliance 210

Compliance Cybersecurity Risk Mining 210

The Security Ledger

AUGUST 20, 2019

We talk to Bruce McDonnell of the East West Institute about how insurers are responding. Related Stories Episode 155: Disinformation is a Cyber Weapon and APTs warm to Mobile Malware Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats NotPetya Horror Story Highlights Need for Holistic Security.

Insurance 40

Insurance Risk Healthcare Manufacturing 40

CGI

NOVEMBER 10, 2016

The growing importance of dynamic pricing and rating in insurance. On June 20, 2016, CGI held a roundtable discussion on dynamic rating and pricing in the insurance industry that involved nearly all major Dutch insurers. This is in contrast to the traditional cost-plus approach to pricing in the insurance industry.

Insurance 69

Insurance Retail Sales Risk 69

Security Affairs

AUGUST 10, 2024

As part of an ongoing investigation, McLaren undertook a thorough review of the potentially impacted files to determine whether any sensitive information was present. Following the cyber attack, McLaren Health Care launched an investigation into the incident. reads the notice of data breach sent to the Maine Attorney General.

Ransomware 132

Ransomware Insurance Data breaches Access 132

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

The Last Watchdog

JUNE 9, 2022

Ever present threats. A criminal exploiting someone’s medical or insurance details to make fraudulent claims is known as medical identity theft. Because the scammer’s health records are linked to the victims’ information, it may not be easy to qualify for insurance in the future. Debt relief scams.

Privacy 274

Privacy Security Phishing Insurance 274

Security Affairs

NOVEMBER 29, 2019

Group-IB’s annual report was presented at CyberCrimeCon 2019 international Threat Hunting and Intelligence conference in Singapore. The threat actor mainly targets insurance, consulting, and construction companies. In total, 38 different state-sponsored threat actors were active throughout review period, including seven new ones.

IT 122

IT Military Cybersecurity Phishing 122

Security Affairs

JUNE 2, 2023

In April, the non-profit health insurer Point32Health took systems offline in response to a ransomware attack that took place on April 17. The insurer immediately launched an investigation into the incident with the help of third-party cybersecurity experts to determine the extent of the incident. between June 2020 and present.

Ransomware 98

Ransomware Insurance Data breaches Cybersecurity 98

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

CGI

SEPTEMBER 5, 2018

UK Honey Bees and Insurance; an existential threat in the wings? There is of course one difference between the hive and the Insurance sector – the ability to respond. Wed, 09/05/2018 - 04:28.

Insurance 40

Insurance Sales Marketing IT 40

Krebs on Security

APRIL 28, 2021

Experian says it has plugged the data leak, but the researcher who reported the finding says he fears the same weakness may be present at countless other lending websites that work with the credit bureau. Geico said the data was used by thieves involved in fraudulently applying for unemployment insurance benefits.

Insurance 361

Insurance Access Authentication Security 361

Data Matters

SEPTEMBER 7, 2022

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.

Insurance 78

Insurance Paper Privacy Risk 78

OpenText Information Management

OCTOBER 10, 2024

According to 37% of respondents, regulatory compliance or cyber insurance requirements are the primary drivers for increasing ransomware defense investment within the software supply chain. As such, about three-quarters (72%) of respondents are covered by cyber insurance in case an attack is successful.

Ransomware 78

Ransomware Cybersecurity Security awareness Phishing 78

Thales Cloud Protection & Licensing

MAY 29, 2024

Addressing Modern Challenges On 6 June, I will present “ Breaking Free from Legacy CIAM: The Key to Unlocking your Insurance Company's Digital Potential.” Legacy CIAM systems go against the grain of insurance companies' digital goals, hampering user experience with slower, less secure methods.

B2B 62

B2B Insurance Customer Experience B2C 62

CGI

MARCH 1, 2017

‘The Organist Entertains’ – reaction to the insurance Ogden discount rate cut. When I first saw the word ‘Ogden’ in the Insurance press I was immediately reminded of the long running BBC programme ‘the organist entertains’ hosted by Nigel Ogden. ravi.kumarv@cgi.com. Wed, 03/01/2017 - 05:02. I propose an alternative approach.

Insurance 40

Insurance IT 40

Security Affairs

AUGUST 28, 2024

” Compromised data varies by individual and may include a combination of certain individuals’ names, Social Security numbers, date of birth, and insurance policy/claim information. The company maker did not share details about the attack.

Data breaches 114

Data breaches Ransomware Insurance Access 114

Security Affairs

NOVEMBER 10, 2023

As part of an ongoing investigation, McLaren undertook a thorough review of the potentially impacted files to determine whether any sensitive information was present. The company became aware of anomalous activity on or about August 22, 2023, and immediately launched an investigation with the help of third-party forensic experts. .

Data breaches 136

Data breaches Ransomware Insurance Manufacturing 136

Schneier on Security

FEBRUARY 13, 2019

Zurich Insurance has refused to pay Mondelez International's claim of $100 million in damages from NotPetya. Those turning to cyber insurance to manage their exposure presently face significant uncertainties about its promise. Yet no cyber insurance policies cover this entire spectrum. Mondelez is suing.

Insurance 85

Insurance Risk Marketing Government 85

IT Governance

FEBRUARY 15, 2022

Cyber insurance will become more popular and more comprehensive. It’s led to a growing trend for organisations to purchase cyber insurance, which Forbes contributor Emil Sayegh believes will continue in 2022. This market squeeze will certainly affect the cyber insurance industry itself. “We Register now.

Security 141

Security Insurance Authentication Passwords 141

Data Matters

SEPTEMBER 20, 2021

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

Insurance 87

Insurance e-Delivery Paper Cybersecurity 87

Data Matters

DECEMBER 28, 2020

The National Association of Insurance Commissioners (NAIC) held its Fall 2020 National Meeting (Fall Meeting) December 3-9, 2020. NAIC Adopts the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act. Insurance groups will be exempt from filing a GCC if. groups to non-U.S.

Insurance 67

Insurance Paper Risk Analytics 67

Info Source

MAY 30, 2024

The company is targeting an enterprise version of Docfai at legal, insurance, financial services, auditing and merger and acquisition type applications. According to a presentation for potential investors, Ripcord was on target for $22.5 Ripcord plans to introduce a paid tier of Docufai at some point this year.

Artificial Intelligence 40

Artificial Intelligence Financial Services Insurance Content services 40

WIRED Threat Level

APRIL 6, 2018

Insuring against hacks and breaches can be a lucrative business—but also presents unique challenges.

Insurance 86

Insurance Security 86

HL Chronicle of Data Protection

MAY 15, 2020

The memorandum provides an overview of the key laws and issues each present relevant to return to workplace efforts, including the following laws: Occupational Safety and Health Act. Privacy Laws (such as the Health Insurance Portability and Accountability Act, Genetic Information Nondiscrimination Act, and Illinois Biometric Privacy Act).

Privacy 98

Privacy Insurance Access Security 98

DLA Piper Privacy Matters

SEPTEMBER 14, 2021

These sectors include: insurance (both general and health insurance); groceries; loyalty schemes; non-bank lenders; superannuation; transport; government; health; education; and. agriculture. Sector designation. the potential for competition and innovation in the relevant sector and the Australian economy more broadly.

Agriculture 100

Agriculture Insurance Customer Experience Privacy 100

Hunton Privacy

OCTOBER 14, 2021

Additional bills, amending the California Confidentiality of Medical Information Act (“CMIA”) and the California Insurance Code, also were also signed into law. Medical Data: CMIA and Californian Insurance Code Amendment Bill. mental health, sexual health) or a situation in which disclosure would endanger the individual.

Privacy 98

Privacy Insurance Security Data breaches 98

Data Matters

AUGUST 24, 2018

The National Association of Insurance Commissioners (NAIC) held its Summer 2018 National Meeting in Boston, Massachusetts, from August 4 to 7, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data . The NAIC is also considering insurers’ use of big data in underwriting life insurance products.

Insurance 60

Insurance Big data e-Delivery Risk 60

Collibra

MARCH 11, 2024

While AI offers great opportunities, it can also present enormous risks. Data sharing: Connecting the right data with the right people is an ever present challenge. AI is everywhere. It is in our homes, our businesses, and our schools — and it’s here to stay. That is why we believe trusted data is more important now than ever before.

Government 105

Government Cloud Metadata Insurance 105

Security Affairs

NOVEMBER 14, 2022

During the past few weeks, I had the pleasure of running a presentation on how to deal with the risk of ransomware cyberattacks on corporations for the benefit of members of the “ In the Boardroom ” training course dedicated to professionals who are or aspire to become board members of publicly traded companies.

Insurance 142

Insurance Risk Ransomware Encryption 142

Lenny Zeltser

JUNE 21, 2024

Further down were CISOs at financial services or insurance firms. Typically, these costs are covered by vendor sponsorships, which allow vendors to present, advertise, and otherwise expand their brand equity. Sometimes, the organizers ask the sponsors to present "thought leadership" content that doesn't overtly pitch products.

Security 56

Security Sales Cybersecurity Financial Services 56

eSecurity Planet

OCTOBER 18, 2022

First, call the cyber insurance company that issued the organization’s cybersecurity policy. Most insurance companies require specific incident response vendors, procedures, and reporting that must be met to meet the standards to be insured. Insured companies often will not have options. The First Calls After an Attack.

Ransomware 145

Ransomware Encryption Insurance Access 145