IT Governance

OCTOBER 15, 2020

That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? What is cyber insurance? How does cyber insurance work? What does a cyber insurance policy cover? Who needs cyber insurance?

Insurance 122

Insurance Data breaches Risk Security 122

The Last Watchdog

NOVEMBER 12, 2024

Timely, detailed, and accurate communication after a breach is both legally required and the best damage-control strategy. Other companies may continue to rely on hiding the ball, scapegoating and relying on insurance to cover the losses. We are starting to see more and clearer signals that the U.S.

Cybersecurity 263

Cybersecurity Risk Government Compliance 263

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 130

Insurance Ransomware Risk Data science 130

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

Insurance 121

Insurance Ransomware Cybersecurity Marketing 121

KnowBe4

MARCH 26, 2024

A new report on the state of email security sheds some light on how organizations are viewing and approaching cyber insurance as they shift strategy toward being cyber resilient.

Insurance 124

Insurance Security 124

Security Affairs

JUNE 18, 2024

In some cases, attackers are even leveraging the threat of regulatory actions or causing cyber insurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers. In fact, the cost to victims from ransomware attacks is estimated to reach $265 billion (USD) annually by 2031.

Ransomware 351

Ransomware Insurance Cybersecurity B2B 351

KnowBe4

DECEMBER 7, 2022

Recent attacks are helping cyber insurers better understand what security strategies need to be in place and how to price policies based on the risk those policies cover.

Insurance 116

Insurance Risk Security Security awareness 116

Data Breach Today

MAY 13, 2019

Security Experts Say Prosecution's Document Offers Critical Cybersecurity Insights The indictment of two Chinese men for a 2014 cyberattack on health insurer Anthem that compromised information on nearly 80 million individuals contains extensive details about the incident that security professionals can use to help with their breach prevention strategies. (..)

Insurance 189

Insurance Cybersecurity Security 189

CGI

SEPTEMBER 9, 2024

So how can insurers create a fluid strategy that helps them successfully manage this uncertainty? It requires deeper thought (and some crystal ball gazing) to anticipate the wider impacts of the intersection between AI and other technologies.

Insurance 95

Insurance IT 95

Dark Reading

AUGUST 15, 2019

More businesses are recognizing the need for cyber insurance as part of an overall security strategy. Here are some key points to consider when evaluating, purchasing, and relying on a policy.

Insurance 90

Insurance Security 90

IBM Big Data Hub

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 96

Insurance Digital transformation Customer Experience Cloud 96

Security Affairs

MAY 13, 2021

US agencies warn that groups employed DarkSide ransomware in attacks aimed at organizations across various Critical Infrastructure sectors, including manufacturing, legal, insurance, healthcare, and energy. Use a risk-based asset inventory strategy to determine how OT network assets are identified and evaluated for the presence of malware.

Ransomware 354

Ransomware Phishing Risk Encryption 354

IBM Big Data Hub

MARCH 25, 2024

According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well.

Financial Services 85

Financial Services Insurance Risk Agriculture 85

CGI

OCTOBER 27, 2023

While AI offers significant opportunity for innovation and transformation, successful implementation requires a meaningful commitment from leaders coupled with significant investment in strategic planning.

Insurance 97

Insurance 97

Security Affairs

MAY 27, 2024

This multi or hybrid cloud strategy can introduce unexpected complexities and challenges, which are exacerbated when different business units and teams adopt cloud solutions without the approval or knowledge of the central IT department. Ensuring compliance with industry regulations and standards in a cloud environment can be complex.

Cloud 328

Cloud Security Compliance B2B 328

Krebs on Security

DECEMBER 8, 2022

Ransomware groups are constantly devising new methods for infecting victims and convincing them to pay up, but a couple of strategies tested recently seem especially devious. The first centers on targeting healthcare organizations that offer consultations over the Internet and sending them booby-trapped medical records for the “patient.”

Ransomware 329

Ransomware Metadata Insurance Encryption 329

IBM Big Data Hub

NOVEMBER 30, 2023

This situation increases the need for businesses to adapt their sustainability strategies to address climate change issues. In Florida and California, where hurricanes and wildfires respectively have become more rampant, some insurance providers are choosing to stop servicing these regions entirely.

Energy and Utilities 85

Energy and Utilities Insurance Risk Retail 85

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. The Framework.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

AIIM

MAY 5, 2020

Being aware and educated on the most common obstacles businesses face can help with preliminary strategies and prevention planning. Oftentimes, simply understanding the most frequent mistakes that arise during a transformation can be sufficient enough to avoid them in your own strategy. 1) Clearly Defined Initiatives.

Digital transformation 246

Digital transformation Customer Experience Insurance Education 246

Rocket Software

MARCH 14, 2022

Analyst firm IDC recently published a Vendor Spotlight report featuring ASG Mobius Content Services (Mobius) and its applications in the financial service and insurance industries. IDP Trends in the Financial and Insurance Industries. Challenges to Effective IDP. Digital Transformation is More Than Scanning Paper Documents.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

Hunton Privacy

FEBRUARY 25, 2021

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

Insurance 70

Insurance Cybersecurity Risk Education 70

Thales Cloud Protection & Licensing

MARCH 5, 2023

In the fragmented insurance landscape, let’s unify customer experience divya Mon, 03/06/2023 - 06:13 You may think of an insurance company as a singularly-focused entity, offering protection for one product. However, the insurance business reaches across a disparate range of consumer products. To add to the challenge, a.s.r.

Customer Experience 71

Customer Experience Insurance B2C B2B 71

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. As AI technologies continues to mature and use cases expand, insurers should not shy from the technology.

Insurance 68

Insurance Risk Artificial Intelligence Government 68

Daymark

AUGUST 15, 2023

A CISO Primer on Navigating Cyber Insurance After 10+ years of working with clients to negotiate and place cyber insurance, I’ve noticed that one of the most frequent challenges has always been getting the underwriters and my client’s information security stakeholder (like a CISO or CIO) to understand each other.

Insurance 52

Insurance Information Security Communications Security 52

IBM Big Data Hub

DECEMBER 8, 2023

The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events. Building a strong risk mitigation strategy can set up an organization to have a strong response in the face of risk.

Risk 67

Risk Compliance Insurance IT 67

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

Security Affairs

AUGUST 11, 2022

The adoption of Callback phishing campaigns has impacted the strategy of ransomware gangs, experts observed targeted attacks aimed at Finance, Technology, Legal, and Insurance industries. The industries are considered privileged targets in almost all internal manuals , which were shared between ex-Conti members.

Ransomware 246

Ransomware Phishing Insurance Access 246

Collibra

APRIL 9, 2021

Recapping a discussion moderated by Stijn Christiaens and featuring insurance data experts from Deloitte UK . Insurance is a data-intensive business. Insurance companies need data to better assess risks and price policies competitively, but also profitably. Drivers for cloud adoption.

Insurance 59

Insurance Cloud Data science Analytics 59

The Last Watchdog

MARCH 13, 2023

In other words, they shouldn’t detail how cybersecurity spending drives revenue and that cuts to the security program directly affect relationships and requirements with three key constituencies: customers, insurers, and regulators. Ultimately, cybersecurity can become a profit center when customers, insurers, and regulators require it.

Security 203

Security Insurance Cybersecurity Customer Experience 203

Krebs on Security

MARCH 5, 2024

Assuming Change Healthcare did pay to keep their data from being published, that strategy seems to have gone awry: Notchy said the list of affected Change Healthcare partners they’d stolen sensitive data from included Medicare and a host of other major insurance and pharmacy networks.

Ransomware 357

Ransomware Insurance Government IT 357

Thales Cloud Protection & Licensing

MAY 29, 2024

Elevate Your IAM Strategy with Thales at EIC 2024 madhav Thu, 05/30/2024 - 05:23 From 4 to 7 June, Berlin will host Europe’s premier identity and cloud experts gathering. Addressing Modern Challenges On 6 June, I will present “ Breaking Free from Legacy CIAM: The Key to Unlocking your Insurance Company's Digital Potential.”

B2B 62

B2B Insurance Customer Experience B2C 62

Thales Cloud Protection & Licensing

JANUARY 16, 2025

Some of the most important are Gramm-Leach-Bliley Act ( GLBA ), the National Association of Insurance Commissioners ( NAIC ) Data Security Model Law, the New York Department of Financial Services ( NYDFS ) Cybersecurity Regulation, and the National Credit Union Administration ( NCUA ) cybersecurity guidance.

Compliance 62

Compliance Financial Services Encryption Insurance 62

HID Global

MARCH 30, 2023

Multi-factor authentication is used not only to combat cyberattacks, but also as a strategy to enable additional protections & benefits from cyber insurance.

Insurance 52

Insurance Authentication 52

Security Affairs

NOVEMBER 20, 2023

Strategic decision-making : API management platforms provide organizations with data and analytics on API usage, enabling them to make informed decisions about their API strategy. This data can help organizations identify areas for improvement and optimize their API usage. in Cyber Security and Information Assurance from WGU, and a B.A.

Authentication 338

Authentication Risk Government Security 338

IBM Big Data Hub

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 56

Insurance Cloud Digital transformation Customer Experience 56

OpenText Information Management

APRIL 5, 2019

Each year, Belgian insurer Fédérale Assurance produces up to 10 million pages of customer communications relating to its financial investment products and insurance offerings, including car, home and life insurance.

Communications 49

Communications Insurance Paper Customer Experience 49

AIIM

APRIL 21, 2022

It doesn’t matter if you’re an insurance company, local government agency, or something else. In tapping into the AIIM end-user community, we found impressive examples of that philosophy at work in leading organizations like Farmers Insurance, Ogilvy, and UnitedHealth Group.

Customer Experience 151

Customer Experience Digital transformation Insurance Government 151