IT Security Guru

AUGUST 7, 2024

The insurance industry is experiencing a significant transformation fuelled by the ubiquity of digital technologies. As these solutions gain traction in this sector, they add complexity to a regulatory landscape that insurance firms need to navigate, especially when it comes to Customer Identity and Access Management (CIAM).

Insurance 125

Insurance Data collection Authentication Technology 125

SecureWorld News

NOVEMBER 14, 2024

Significant Financial and Operational Costs: Healthcare providers, faced with potential HIPAA fines and the risk of service interruptions, may feel pressured to pay ransom demands. This stolen data is often exposed on both the clear and dark web, heightening risks of identity theft and further perpetuating cybercrime.

Healthcare 115

Healthcare Ransomware Identity Theft Data breaches 115

Centraleyes

DECEMBER 16, 2024

Tools like ChatGPT and Bard, powered by large language models, showcase how generative AI transforms business processesbut they also pose new risks. In a recent survey, 93% of respondents admitted to knowingly increasing their companys cybersecurity risks. The challenge? Securing these AI models and the data they generate.

Cybersecurity 98

Cybersecurity Insurance Cyber Insurance Technology 98

Malwarebytes

JANUARY 6, 2025

Westend Dental agreed to settle several violations of the Health Insurance Portability and Accountability Act (HIPAA) in a penalty of $350,000. Nothing showed evidence that a HIPAA-compliant risk analysis had ever been conducted (lists of usernames and passwords in plain text on the compromised server).

Data breaches 145

Data breaches Ransomware Passwords Insurance 145

SecureWorld News

MARCH 20, 2024

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. On top of this, a significant 41% of victims opted to pay the ransom, which is a difficult decision that's fraught with its own respective complexities and risks.

Cyber Insurance 110

Cyber Insurance Insurance Ransomware Risk 110

SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

Insurance 126

Insurance Cybersecurity Cyber Insurance Government 126

SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

SC Magazine

APRIL 19, 2021

AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware. eflon CreativeCommons CC BY 2.0.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

Adam Levin

JUNE 4, 2021

Practice the 3Ms: Minimize your risk of exposure: Don’t take unnecessary risks and invest in cyber defenses and education. Monitor networks and accounts: Unusual activity may be a sign that a cyberattack is underway.

Ransomware 289

Ransomware Backups Insurance Healthcare 289

Malwarebytes

MARCH 19, 2025

The information potentially involved varies by customer but includes names and one or more of the following: Drivers license numbers Bank account and routing numbers. Social Security Numbers (SSN) Health insurance information CCB is posting lettersalong the lines of this California example to everyone who may be impacted.

Banking 91

Banking Data breaches Computers and Electronics Passwords 91

Malwarebytes

JULY 10, 2022

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach. Fixed rate.

Cyber Insurance 104

Cyber Insurance Insurance Data breaches Phishing 104

Krebs on Security

APRIL 28, 2021

In addition to credit scores, the Experian API returns for each consumer up to four “risk factors,” indicators that might help explain why a person’s score is not higher. “Too many consumer finance company accounts,” the API concluded about my friend’s score. .

Insurance 362

Insurance Identity Theft Accountability Technology 362

Krebs on Security

JUNE 15, 2023

TechCrunch has been tracking the fallout from victim organizations , which range from banks and insurance providers to universities and healthcare entities. MOVEit parent Progress Software has since released security updates to address the weakness, but Cl0p claims to have already used it to compromise hundreds of victim organizations.

Risk 264

Risk VPN Internet Internet 264

Krebs on Security

NOVEMBER 19, 2021

One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle , a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family.

Scams 362

Scams Banking Passwords Authentication 362

SecureWorld News

JANUARY 31, 2024

Cyber risk is an existential issue for companies of all sizes and in all industries. However, it also exposes companies to additional layers of risk. However, it also exposes companies to additional layers of risk. All stakeholders, including insurers, need to understand whose cyber insurance policy responds to an incident.

Risk 102

Risk Cyber Insurance Insurance Data breaches 102

Adam Levin

MARCH 18, 2020

“The current pandemic is pushing the entire medical industry to minimize risk,” he added. In response to this potential problem, the department of Health and Human Services has waived penalties and loosened some of the requirements of the act.

Insurance 243

Insurance Healthcare Accountability Technology 243

Webroot

MARCH 3, 2025

The event is sponsored by the Federal Trade Commission (FTC), and other participating agencies include the Federal Deposit Insurance Corporation (FDIC), AARP , and the Better Business Bureau (BBB). The growing risks to your data During the third quarter of 2024, data breaches exposed more than 422 million records worldwide.

Consumer Protection 84

Consumer Protection Identity Theft Scams Social Engineering 84

CyberSecurity Insiders

JANUARY 19, 2022

There are more online stores and services available than ever, and you are able to shop for almost anything online whether it's groceries or insurance. In particular, insurance companies are tempting targets for cybercriminals as they hold personal and financial information for numerous clients. The vocabulary of cybersecurity.

Insurance 99

Insurance Cybercrime Cybersecurity Phishing 99

Centraleyes

MARCH 17, 2025

Every organization faces risks that threaten its objectives, assets, and operations. A risk assessment is the foundation for identifying, analyzing, and prioritizing these risks. Understanding the basics of risk assessment is the first step in building a resilient and proactive strategy to mitigate risks and vulnerabilities.

Risk 52

Risk Insurance Small Business Cybersecurity 52

Malwarebytes

NOVEMBER 28, 2024

The majority of the records were labelled as background checks which contained full names, home addresses, phone numbers, email addresses, employment history, family members, social media accounts, and criminal record history. Data brokers collect and sell your information, including financial, personal, behavior and interests, for profit.

Social Engineering 97

Social Engineering Insurance Advertising Risk 97

Malwarebytes

AUGUST 20, 2024

million Texans’ private driving data to insurance companies without their knowledge or consent. We will hold them accountable.” GM had agreements with various companies which allowed them to the driving data to calculate a driving score based on risk analysis. The court filing provides some more detail.

Insurance 108

Insurance Accountability Data collection Surveillance 108

Malwarebytes

OCTOBER 11, 2023

The Philippine Health Insurance Corporation (PhilHealth), has confirmed that it was unprotected by antivirus software when it was attacked by the Medusa ransomware group in September. PhilHealth is the government owned and controlled corporation that provides universal health coverage in the Philippines. It was attacked on September 22, 2023.

Antivirus 124

Antivirus Insurance Ransomware Healthcare 124

Krebs on Security

MARCH 3, 2020

Last week, KrebsOnSecurity reported to health insurance provider Blue Shield of California that its Web site was flagged by multiple security products as serving malicious content. How did a browser extension lead to a malicious link being added to the health insurance company Web site?

Advertising 333

Advertising Insurance Internet Internet 333

Malwarebytes

FEBRUARY 4, 2025

And yet, if artificial intelligence achieves what is called an agentic model in 2025, novel and boundless attacks could be within reach, as AI tools take on the roles of agents that independently discover vulnerabilities, steal logins, and pry into accounts. These are real threats, but they are not novel.

Artificial Intelligence 144

Artificial Intelligence Small Business Malware Technology 144

Thales Cloud Protection & Licensing

MARCH 19, 2025

Insurance, a study in Stagnation The insurance industry remained stagnant in consumer trust, securing only 24% confidence in 2025unchanged from 2024. While insurers benefit from regulatory oversight like the banking sector, persistent friction points like opaque claims processes and intrusive data collection eroded goodwill.

Insurance 71

Insurance Banking Authentication Data privacy 71

Security Boulevard

AUGUST 31, 2021

Organizations around the world must fulfill an increasing number of regulatory requirements including NIST, Sarbanes-Oxley Act (SOX), Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standard (PCI-DSS) and General Data Protection Regulation (GDPR) as well as federal and state data breach laws.

Risk 114

Risk Data breaches Healthcare Financial Services 114

Krebs on Security

JULY 27, 2020

. “The ferocity of cyber criminals to take advantage of COVID-19 uncertainties by preying on small businesses is disturbing,” said Andrew LaMarca , who leads the global high-risk and fraud team at Dun & Bradstreet. For the past several months, Milwaukee, Wisc. ” PHANTOM OFFICES. ” RECYCLING VICTIMS. .

Identity Theft 363

Identity Theft Small Business Energy and Utilities Computers and Electronics 363

Krebs on Security

AUGUST 3, 2020

Use our robust API to seamlessly scrub these high-risk numbers from your outbound campaigns and inbound calls, or adjust your suppression settings to fit your individual requirements and appetite for risk.” Scrub against active plaintiffs, pre litigation complainers, active attorneys, attorney associates, and more.

Mobile 356

Mobile Marketing Consumer Protection Wireless 356

Joseph Steinberg

APRIL 20, 2021

Hospitals, medical clinics, labs, pharmacies, insurance companies, and others involved in the vaccination process often require people who want to be vaccinated to share large amounts of both medical and demographic data in order to register for vaccine appointments. Provide as little information as possible to vaccinators.

Healthcare 233

Healthcare Insurance Computers and Electronics Data collection 233

Duo's Security Blog

FEBRUARY 4, 2025

With the rate that new threats emerge, it may come as no surprise that cyber liability insurance can be traced back to 1997. In its modern iteration, cyber liability insurance mitigates the losses and business costs associated with cyber incidents and resulting downtime. What would an insurer do? At least not alone.

Cyber Insurance 64

Cyber Insurance Insurance Authentication Risk 64

Security Boulevard

MARCH 20, 2025

It examines the rising risks associated with AI, from cybercriminals weaponizing AI for more sophisticated attacks to the security implications of recent AI advancements like the open source model DeepSeek, while providing best practices for mitigating these risks.This blog post summarizes several highlights from the report.

Social Engineering 76

Social Engineering Phishing Risk Insurance 76

Javvad Malik

FEBRUARY 27, 2023

According to a German study, lightning strikes accounted for 80% of wind turbine insurance claims. The German electric power company Energieerzeugungswerke Helgoland GmbH shut down and dismantled their Helgoland Island wind power plant after being denied insurance against further lightning losses.

Insurance 140

Insurance Social Engineering Manufacturing Cybercrime 140

Krebs on Security

DECEMBER 8, 2022

The CLOP members said one tried-and-true method of infecting healthcare providers involved gathering healthcare insurance and payment data to use in submitting requests for a remote consultation on a patient who has cirrhosis of the liver. Encrypting sensitive data wherever possible. ”

Healthcare 323

Healthcare Backups Ransomware Insurance 323

The Last Watchdog

AUGUST 22, 2019

The Capital One breach demonstrated, yet again, that well-defended enterprises have yet to figure out how to account for all the complexities of moving to the cloud and relying more on DevOps. The massive transformation that’s happening right now introduces a lot of risk. it’s almost a perfect storm.

Digital transformation 147

Digital transformation Risk Firewall Accountability 147

CyberSecurity Insiders

SEPTEMBER 20, 2021

They protect your electronic devices and accounts from hackers. In addition, regularly changing your password and using different passwords for all your online accounts will lower your risk of being compromised. Invest in cybersecurity insurance. Use strong passwords. Passwords are your first line of defense.

Cybersecurity 121

Cybersecurity Insurance Passwords Encryption 121

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.

Financial Services 62

Financial Services Encryption Insurance Government 62

CyberSecurity Insiders

FEBRUARY 4, 2021

An analysis by the Risk Based Security data related to millions of customers might have accessed by hackers from a MySQL Databases exposing around 91 sensitive database, accounting to 22GB. Such credentials can also break into the consumer’s bank accounts, email accounts, or corporate networks.

Cyber Attacks 142

Cyber Attacks Insurance Scams Accountability 142