CGI

MARCH 22, 2024

The property and casualty insurance industry continues to face economic pressures, talent shortages, and the need to adapt quickly in a climate of rapid change. Many carriers struggle to train talent fast enough to keep pace with digital modernization requirements and changing customer expectations.

Insurance 92

Insurance IT 92

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

Insurance 77

Insurance Authentication Risk Ransomware 77

Hunton Privacy

JANUARY 2, 2019

New cybersecurity rules for insurance companies licensed in South Carolina are set to take effect in part on January 1, 2019. The new law is the first in the United States to be enacted based on the data security model law drafted by the National Association of Insurance Commissioners.

Insurance 77

Insurance Cybersecurity Data breaches Encryption 77

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

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 106

Insurance Risk Security Security awareness 106

KnowBe4

OCTOBER 9, 2023

As insurers become more educated on what a “secure organization” looks like, they are tightening their requirements that puts the onus on organizations to be more secure.

Insurance 107

Insurance Education Security Security awareness 107

The Last Watchdog

JUNE 9, 2022

And, let’s be honest , the deceptive writing phishing assaults and other cyber threats today employ are skilled enough to fool even the most trained, internet-savvy experts. A criminal exploiting someone’s medical or insurance details to make fraudulent claims is known as medical identity theft. Ever present threats.

Privacy 274

Privacy Security Phishing Insurance 274

IT Governance

JULY 30, 2024

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. Then there’s insurance. As an example, if you’re a training provider, then sure – your streaming software going down or a laptop breaking are potential problems.

Insurance 103

Insurance Risk Encryption Manufacturing 103

KnowBe4

MAY 22, 2023

Food for thought as discussed on May 18, 2023, an article posted in The Australian Insurance Council: Banning paying a ransom to cyber hackers is counter-productive where Andrew Hall, the Chief Executive of the Insurance Council of Australia (ICA), stated that “attempts to ban businesses from paying ransoms for cyber attacks risks eroding trust and (..)

Insurance 83

Insurance Risk Government Security awareness 83

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. Usage risk—inaccuracy The performance of an AI system heavily depends on the data from which it learns.

Insurance 68

Insurance Risk Artificial Intelligence Government 68

KnowBe4

NOVEMBER 17, 2022

The latest data shows that historically massive rate increases seen over the last few years are beginning to come down, primarily due to insurers having a solid understanding of the risk.

Insurance 78

Insurance Risk Security awareness Security 78

IT Governance

JULY 15, 2019

Cyber insurance is big business these days. Damages incurred by information security incidents generally aren’t covered in commercial insurance policies, so a specific policy is necessary to help cover the costs of things like forensic investigation, incident response and notification procedures. Perform staff awareness training.

Insurance 75

Insurance Data breaches Risk Information Security 75

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

KnowBe4

DECEMBER 30, 2022

Analysis of the year’s breaches shows Finance and Insurance businesses are the most targeted and have lost a material count of records as a result.

Insurance 94

Insurance Data breaches Security awareness Security 94

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.

Financial Services 82

Financial Services Insurance Digital transformation Paper 82

KnowBe4

JUNE 23, 2022

Lawsuits over denied cyber insurance claims provide insight into what you should and shouldn’t expect from your policy – and that actions by your own users may make the difference.

Insurance 91

Insurance Authentication Security awareness Security 91

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

Rocket Software

JUNE 16, 2022

In today’s digital world, the ability to reduce the risk of fraud is key for any industry, but especially so for health insurance providers and healthcare organizations. The post Mainframe automation and AI to detect risk of fraud in healthcare insurance: 4 key considerations appeared first on The Rocket Software Blog.

Insurance 84

Insurance Risk Digital transformation Marketing 84

The Last Watchdog

OCTOBER 29, 2018

In fact, recent research reveals that about 60% of information security stakeholders have an IT background, but about the same amount lack formal technical training[1]. Companies should implement training on those policies, procedures, and best practices to increase awareness of the threat landscape (e.g., Insurability.

Security 164

Security Data Privacy Privacy Data breaches 164

KnowBe4

MAY 18, 2022

Whoa Nellie, that's getting to be real money here. This is the kind of thing that starts cutting into your whole IT budget.

Insurance 126

Insurance IT Security awareness Security 126

The Last Watchdog

OCTOBER 5, 2023

Regular training and simulations can help reduce risks associated with human errors. Regular training and simulations can help reduce risks associated with human errors. What is the role of cybersecurity awareness training for a company’s employees? Regular awareness training for employees is indispensable.

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

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

Rocket Software

MAY 13, 2020

You use a freight train. I’ve seen what those “why are we doing this” folks, who now are in middle and upper management, have done trying to make pickup trucks do what trains were made for. The post Mainframes, Freight Trains and Education Pains appeared first on The Rocket Software Blog. That’s a mainframe.”.

Education 69

Education Retail Insurance IT 69

Hunton Privacy

JULY 1, 2022

Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation. In addition to the monetary penalty of $5 million, NYDFS also accepted Carnival’s surrender of its insurance producer license; thus, Carnival has ceased selling insurance in New York.

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

The Last Watchdog

MARCH 20, 2023

Exploitation drivers From the case of Hegestratos committing insurance fraud by sinking a ship in 300 B.C., Digital Forensics experts are trained to follow digital footprints and track down IP addresses, cell phone numbers, email addresses, social media accounts and even specific devices used in these crimes.

Cybersecurity 214

Cybersecurity Education Insurance Data breaches 214

IT Governance

DECEMBER 14, 2021

Services typically come with a dedicated team of experts, tools, training and support that can be deployed immediately, protecting you from a range of threats. You’ll receive cyber insurance cover ?. Many cyber-security-as-a-service offerings include cyber insurance as part of the package. You’ll save money.

Security 130

Security Insurance Data breaches Information Security 130

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

Security 142

Security Insurance Authentication Passwords 142

AIIM

MAY 5, 2020

For example, an oil and gas company will not have the same objectives as an insurance provider. Consider which types of digital technologies have the greatest risk of disruption; begin training and systems integration for these as you introduce low-risk systems that will eventually rely upon the larger changes. 3) Customer Experience.

Digital transformation 182

Digital transformation Customer Experience Insurance Education 182

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. Chubb set the company up with Ankura, a cybersecurity recovery specialist that has also trained the FBI on cybersecurity. Most had been infected.

Ransomware 139

Ransomware Insurance Cybersecurity Passwords 139

Security Affairs

APRIL 29, 2024

Hutcheson allegedly provided irrelevant documents, such as health insurance and auto insurance policies, along with pages from sheriff training manuals, as evidence of authorization to access the data.

Insurance 123

Insurance Communications Access IT 123

The Last Watchdog

AUGUST 12, 2019

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

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. Finally, employee training and awareness programs are vital in preventing ransomware attacks.

Ransomware 141

Ransomware Insurance Cybersecurity B2B 141

eSecurity Planet

OCTOBER 5, 2021

Cyber Insurance companies used to simply provide lists of potential vendors approved by the insurer, but with the rising costs of breaches, insurers need to control costs. ISACA’s State of Cybersecurity 2021 report noted that 55% of respondents cannot fill all of their open cybersecurity positions.

Ransomware 128

Ransomware Insurance Cleanup Cybersecurity 128

Security Affairs

MAY 27, 2024

” Compromised data includes full name, date of birth, Social Security Number (SSN), email address, physical address, phone number, eligibility data, and insurance identification number. The prescription service provider also announced it has enhanced its security protocols, controls, technology, and training.

Data breaches 134

Data breaches Cybersecurity Insurance Access 134

IT Governance

OCTOBER 4, 2021

Train your staff. Training your staff to understand this threat, and know what to look out for and what to do if they fall victim is essential. Staff awareness training to reduce the threats that staff can pose both working remotely and in the office. Cyber insurance cover of up to £500,000 for additional peace of mind.

Ransomware 127

Ransomware Insurance Access Phishing 127

The Last Watchdog

DECEMBER 12, 2023

Focus on implementing robust backup and disaster recovery plans, user training, and the sharing of threat intelligence. Camellia Chan , Co-Founder and CEO, Flexxon Chan In a single month, major breaches hit MGM, DP World Australia, Philippine Health Insurance – just to name a few.

Cybersecurity 258

Cybersecurity Phishing Authentication Analytics 258

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