Krebs on Security

JULY 4, 2020

A reader who was recently the victim of unemployment insurance fraud said he was told he should create an account at the Department of Homeland Security ‘s myE-Verify website , and place a lock on his Social Security number (SSN) to minimize the chances that ID thieves might abuse his identity for employment fraud in the future.

Passwords 340

Passwords Authentication Insurance Mining 340

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

Hunton Privacy

FEBRUARY 10, 2020

On January 27, 2020, CISCO released its 2020 Data Privacy Benchmark Study entitled “From Privacy to Profit: Achieving Positive Returns on Privacy Investments” (the “Study”). More than 2,500 respondents took part in the Study from across 13 countries. The average ratio of benefits to privacy spend was 2.7:1 worth of benefit).

Privacy 100

Privacy Data Privacy Sales Compliance 100

Security Affairs

AUGUST 19, 2019

A study conducted by researchers at Cyjax revealed that organizations expose sensitive data via sandboxes used for malware analysis. The experts also discovered a large number of insurance certificates that expose various personally identifiable information (PII), such as names, phone numbers, postal and email addresses.

Military 260

Military Insurance Education Phishing 260

OpenText Information Management

NOVEMBER 12, 2024

Insurance customers expect more: instantly, seamlessly, and exactly the way they want it. The stakes are high, as insurance customers typically only interact with their carriers once or twice a year—a stark contrast to the frequent interactions seen in banking. It’s a reality that goes straight to the bottom line. Salesforce.

Communications 52

Communications Insurance Archiving Marketing 52

Data Protection Report

FEBRUARY 2, 2024

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing. Actual Actuarial Validity.

Insurance 78

Insurance Artificial Intelligence Risk Compliance 78

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

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

Schneier on Security

JUNE 7, 2023

New paper: “ Lessons Lost: Incident Response in the Age of Cyber Insurance and Breach Attorneys “: Abstract: Incident Response (IR) allows victim firms to detect, contain, and recover from security incidents. It should also help the wider community avoid similar attacks in the future.

Insurance 102

Insurance Cybersecurity Paper Communications 102

eSecurity Planet

JULY 12, 2022

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Also read: Top 8 Cyber Insurance Companies for 2022 Best Ransomware Removal and Recovery Services. Most had been infected. Both factors must be balanced.

Ransomware 144

Ransomware Insurance Cybersecurity Passwords 144

Record Nations

MAY 8, 2018

million settlement, Nationwide Insurance’s breach serves as just one example of the growing number of data breaches each year—making it all the more important you have protections in place. The post The Data Breach Case Study & Protection Guide appeared first on Record Nations. After a $5.5 Recently […].

Data breaches 47

Data breaches Insurance Risk Security 47

The Last Watchdog

JANUARY 30, 2019

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

Risk Financial Services Insurance Data breaches 147

IBM Big Data Hub

DECEMBER 4, 2023

IBM can help insurance companies insert generative AI into their business processes IBM is one of a few companies globally that can bring together the range of capabilities needed to completely transform the way insurance is marketed, sold, underwritten, serviced and paid for.

Insurance 53

Insurance Digital transformation Compliance Cloud 53

IT Governance

JUNE 1, 2021

Doncaster-based One Call Insurance hit by ransomware (unknown) Ransomware attack on Swiss Cloud Computing AG (6,500) Wolfe Eye Clinic victim of Lorenz threat actors (unknown) One of the US’s largest pipelines shuts down to contain cyber security breach (unknown) J. Find out more. Ransomware. Data breaches.

Data breaches 124

Data breaches Ransomware Insurance Energy and Utilities 124

Reltio

JUNE 9, 2022

The insurance industry is facing unprecedented disruption. Insurance carriers have been called to transform customer experience, business offerings, and operations. As an insurer, your current business models are being challenged by new thinking, new competitors, and new ways of working.

Digital transformation 52

Digital transformation Insurance Customer Experience MDM 52

The Last Watchdog

OCTOBER 26, 2021

The number of PKI certificates has swelled 43 percent year-over-year, according to a recent Ponemon study. This is how we authenticate human and machine identities and move encrypted data between endpoints. And there are two other intertwined drivers in play: compliance and security.

Digital transformation 230

Digital transformation Compliance Encryption Authentication 230

The Last Watchdog

AUGUST 12, 2019

A 2018 study by the Ponemon Institute showed that 67 percent of SMBs experienced a cyber attack. While large corporations can get cyber security insurance and engage legions of consultants, the question is: what can the average SMB do to prepare for and protect themselves from a potential cyberattack – at a price they can afford?

Cybersecurity 147

Cybersecurity Risk Insurance Government 147

Hunton Privacy

FEBRUARY 13, 2013

On February 11, 2013, the Federal Trade Commission announced that a congressionally-mandated study of the U.S. The study reported that 5 percent of consumers had errors on their credit reports that could result in less favorable terms for loans and insurance. A final report will be issued in 2014.

Insurance 40

Insurance Risk Privacy 40

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

Krebs on Security

DECEMBER 18, 2018

But you’d be forgiven if you couldn’t tell this by studying the executive leadership page of each company’s Web site. Virtually all companies like to say they take their customers’ privacy and security seriously, make it a top priority, blah blah. Source: Accenture.

Security 255

Security Marketing Cybersecurity Data breaches 255

Hunton Privacy

SEPTEMBER 11, 2014

Hunton & Williams Insurance Litigation & Counseling partner Lon Berk reports: An Israeli security firm recently uncovered a hacking operation that had been active for more than a decade. The hackers purchased digital security certificates for each phony company to make the sites appear legitimate to visitors.

Insurance 40

Insurance Data breaches Cybersecurity Government 40

AIIM

MARCH 26, 2018

A recently published IDC study estimates that by 2025 over 20% of the world’s digital data will be utilized by both public and private sector entities to manage, protect and improve our daily lives through increased investments in a wide range of open data initiatives. Digital data pervades virtually every aspect of our lives.

GDPR 134

GDPR Data Privacy Privacy Compliance 134

Schneier on Security

MARCH 26, 2020

Moving toward standardized terms and conditions may help consumers, as has been pursued in cyber insurance, but this is in tension with innovation and product diversity. [.]. Future studies could analyze warranties and price together to probe this issue. Our analysis has not touched upon the price of these products.

Marketing 82

Marketing Insurance Risk IT 82

AIIM

DECEMBER 20, 2018

With the help of big data technology, algorithms created by big data consultants tend to nominate individuals by studying the employee’s online activity, profile updates, employment history, job performance, and payroll data. Following the insurance companies’ footsteps, employers gather health-related data of their staff and candidates.

Big data 177

Big data Analytics Mining Insurance 177

CGI

FEBRUARY 28, 2018

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.

Customer Experience 40

Customer Experience Insurance Artificial Intelligence Retail 40

Adam Levin

JUNE 30, 2020

While there’s no shortage of examples of ransomware attacks, a recent study by data protection firm Veritas suggests an even bigger problem that few, if any, companies are prepared for: Customers are increasingly laying the blame on companies, specifically their CEOs, rather than on the hackers perpetrating the attacks.

Ransomware 74

Ransomware Insurance Cybersecurity Manufacturing 74

CGI

SEPTEMBER 8, 2016

Building long-term transformational outsourcing relationships: An insurance success story. Insurers, like organizations in most sectors, are under pressure to transform their businesses using modern technologies like digital, mobile, cloud, etc., Also, I invite you to read our Delta Lloyd case study to learn more. .

Insurance 40

Insurance Digital transformation Communications Cloud 40

eSecurity Planet

OCTOBER 11, 2022

Whether it’s studying the performance of your direct competitors, using predictive analytics to determine what the future may hold for your industry, or analyzing employee performance and making optimization decisions based on that information, the entire point is to take data in and use it to make better-informed decisions.

Analytics 126

Analytics Cybersecurity IT Data breaches 126

Data Matters

DECEMBER 11, 2018

The National Association of Insurance Commissioners (NAIC) held its Fall 2018 National Meeting (Fall Meeting) in San Francisco, California, from November 15 to 18, 2018. NAIC Continues its Evaluation of Insurers’ Use of Big Data. systemic risk of insurers with other parts of the financial system, notably the banking.

Insurance 67

Insurance Paper Risk Big data 67

Data Matters

MAY 9, 2019

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.

Insurance 67

Insurance Blockchain Big data Risk 67

IT Governance

MARCH 20, 2024

A 2022 Proofpoint study found that 76% of UK board members believed their organisation to be at risk of a material cyber attack in the next 12 months – higher than the global average of 65%. However, the 2023 edition of that study found that this had dropped to 44% in the UK, whereas the global average had climbed to 73%.

Security 113

Security Data breaches Government Insurance 113

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

Everteam

MAY 29, 2019

This solution automates the iFile approval cycle, alerts & escalations, used in different types of industries such as Insurance companies, financial institutions, HR departments… Additionally, this solution enhances employee performance by reducing time spent on processing and responding to incoming requests from different resources.

Artificial Intelligence 75

Artificial Intelligence Insurance Metadata Big data 75

eDiscovery Daily

DECEMBER 14, 2023

A recent Arcadis study highlights a 42% surge in construction lawsuits in North America from 2021 to 2022, attributing this spike to ongoing COVID-19 effects, supply chain woes, and escalating material costs. Disparate workflows and vast databases make legal discovery a potential nightmare.

Insurance 67

Insurance Paper Communications Government 67

Data Matters

SEPTEMBER 4, 2019

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

Insurance 67

Insurance Paper Risk Big data 67

Data Matters

DECEMBER 20, 2019

The National Association of Insurance Commissioners (the NAIC) held its Fall 2019 National Meeting (Fall Meeting) in Austin, Texas, from December 7 to 10, 2019. NAIC Advances Accreditation Standard Process for Revised Credit for Reinsurance Model Law and Regulation, and Term and Universal Life Insurance Reserve Financing Model Regulation.

Insurance 60

Insurance Risk Artificial Intelligence Privacy 60

Data Matters

DECEMBER 20, 2019

The National Association of Insurance Commissioners (the NAIC) held its Fall 2019 National Meeting (Fall Meeting) in Austin, Texas, from December 7 to 10, 2019. NAIC Advances Accreditation Standard Process for Revised Credit for Reinsurance Model Law and Regulation, and Term and Universal Life Insurance Reserve Financing Model Regulation.

Insurance 60

Insurance Risk Artificial Intelligence Privacy 60