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Lawsuit: Health Insurer's AI Tool 'Illegally' Denies Claims

Data Breach Today

Plaintiffs Say UnitedHealthcare Algorithm Rejects Coverage for Elderly Patients The estates of two deceased UnitedHealthcare Medicare Advantage policyholders allege in a proposed federal class action lawsuit filed this week that the insurance giant is using an AI tool to illegally deny necessary coverage for post-acute care, such as skilled nursing, (..)

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Insurance Fraud is Evolving: So Must Our Response

Data Breach Today

Dennis Toomey explains why the industry must turn not only to sophisticated tools and technologies, but also unite around a strategy based on collaboration - in order to tackle insurance fraud.

Insurance 246
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Feds Seize LockBit Ransomware Websites, Offer Decryption Tools, Troll Affiliates

Krebs on Security

Instead of listing data stolen from ransomware victims who didn’t pay, LockBit’s victim shaming website now offers free recovery tools, as well as news about arrests and criminal charges involving LockBit affiliates. The DOJ today unsealed indictments against two Russian men alleged to be active members of LockBit.

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Why DSPM is Essential for Achieving Data Privacy in 2024

Security Affairs

Building upon the same concept, GigaOm rolled out its first-ever DSPM vendor evaluation report, defining DSPM as a tool that offers “visibility into where sensitive data is, who has access to it, and how it is being used. DSPM is a necessary tool in an organization’s data management and protection arsenal.

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Navigating the Complexities of Cyber Insurance

Data Breach Today

"Insurance is a tool," said Libby Benet, the global chief underwriting officer for AXA XL. When you buy an insurance policy, you are buying a network of professional crisis managers." In this episode of "Cybersecurity Insights," Benet discussed present and future cybersecurity insurance issues.

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GUEST ESSAY: Skeptical about buying life insurance online? Here’s how to do it — securely

The Last Watchdog

Purchasing life insurance once meant going to an insurer’s office or booking an appointment with an insurance agent. Today’s generation is used to getting everything done fast and easy, so life insurance providers had to get with the times and cover all customers’ needs and requirements.

Insurance 190
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Insurance and Ransomware

Schneier on Security

Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. Although it is a societal problem, cyber insurers have received considerable criticism for facilitating ransom payments to cybercriminals.

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