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SHARED INTEL: Study shows mismanagement of ‘machine identities’ triggers $52 billion in losses

The Last Watchdog

Now comes a study from Boston-based consultancy Air Worldwide that puts some hard numbers on the degree to which threat actors are plundering virtual machines. According to the study, poor management of machine identities leads directly to an estimated $52 billion to $72 billion in losses annually. LW: This isn’t theoretical is it?

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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Risk 147
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A Chief Security Concern for Executive Teams

Krebs on Security

But you’d be forgiven if you couldn’t tell this by studying the executive leadership page of each company’s Web site. “Marketing and digital strategy roles drive top line revenue for firms—the latter is particularly important in retail and banking businesses as so much commerce moves online,” Conroy said.

Security 257
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The Week in Cyber Security and Data Privacy: 4 – 10 December 2023

IT Governance

Source (New) Transport USA Yes 129,611 Tcman Source (New) Manufacturing Spain Yes 108 GB (179 files) Compass Group Italia Source (New) Hospitality Italy Yes 107 GB Pan-American Life Insurance Group, Inc. Incorporated Source (Update) Insurance USA Yes 7,361 Advantis Global, Inc. and Robert W. Baird & Co.

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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

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.

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Digital Customer Experience is becoming the deciding battlefield on the insurance landscape

CGI

Digital Customer Experience is becoming the deciding battlefield on the insurance landscape. Digital Customer Experience in many ways is becoming the deciding battlefield on the insurance landscape as to who will win through. p.butler@cgi.com. Wed, 02/28/2018 - 10:36. Although respective remits often tend to be company specific.

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The Week in Cyber Security and Data Privacy: 29 January – 4 February 2024

IT Governance

Source 1 ; source 2 (New) Professional services USA Yes 11,556 Poder Judicial de Santa Cruz Source (New) Legal Argentina Yes 8,732 J.D.