Tag: insurance
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Breaches at Serviceaide, Nationwide Recovery Services expose medical info of more than 500,000 people
Hospitals tied to the two companies announced breaches over the last week involving Social Security numbers, financial information and sensitive health insurance data. First seen on therecord.media Jump to article: therecord.media/breaches-serviceaide-nationwide-medical-info
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Can Insurance Fraud Teams Handle Regulatory Scrutiny of AI?
Panel of Experts Discuss Emerging But Controversial Uses of AI Tools in Insurance. State regulators are demanding that insurers clearly explain their use of AI, validate data accuracy and maintain compliance. Meanwhile, technical teams must translate AI processes into simple terms to build trust, while fraud investigators need better training to interpret AI insights effectively.…
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BEC, FTF Scams Drove Cyber Insurance Claims, Coalition Says
First seen on scworld.com Jump to article: www.scworld.com/news/bec-ftf-scams-drove-cyber-insurance-claims-coalition-says
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Most cyber insurance claims stem from BEC, fraud, report says
First seen on scworld.com Jump to article: www.scworld.com/news/most-cyber-insurance-claims-stem-from-bec-fraud-report-says
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Email-Based Attacks Top Cyber-Insurance Claims
Cyber-insurance carrier Coalition said business email compromise and funds transfer fraud accounted for 60% of claims in 2024. First seen on darkreading.com Jump to article: www.darkreading.com/cyber-risk/email-based-attacks-cyber-insurance-claims
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Kelly Benefits Hack Victim Count Jumps Significantly, Again
Breach Tally Keeps Growing Since Firm Filed Initial Breach Reports Last Month. The count of individuals affected by a hack discovered in December 2024 by Maryland-based Kelly & Associates Insurance Group continues to climb with a new total of 413,032 – up by nearly 150,000 since the company updated its breach disclosure last month. The…
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Kelly Benefits December data breach impacted over 400,000 individuals
Kelly Benefits has determined that the impact of the recently disclosed data breach is much bigger than initially believed. Benefits and payroll solutions firm Kelly & Associates Insurance Group, aka Kelly Benefits, announced that the impact of a recently disclosed data breach is much bigger than initially estimated. The U.S.-based company provides benefits, payroll, and…
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CISO vs CFO: why are the conversations difficult?
Tags: ai, attack, breach, business, ciso, compliance, cyber, cyberattack, cybersecurity, finance, insurance, jobs, metric, ransomware, RedTeam, risk, risk-management, saas, strategy, technology, threat, toolmight happen, which often means the best outcome is nothing happens. That’s a tough sell.”Although a single cyberattack can wipe out millions of dollars, CFOs and CISOs often approach cybersecurity from fundamentally different perspectives. Bridging this divide requires more than just better communication, it demands, as Argyle put it, a shift in mindset. The disconnect…
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DarkWatchman, Sheriff Malware Hit Russia and Ukraine with Stealth and Nation-Grade Tactics
Russian companies have been targeted as part of a large-scale phishing campaign that’s designed to deliver a known malware called DarkWatchman.Targets of the attacks include entities in the media, tourism, finance and insurance, manufacturing, retail, energy, telecom, transport, and biotechnology sectors, Russian cybersecurity company F6 said.The activity is assessed to be the work of a…
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Reporting lines: Could separating from IT help CISOs?
Tags: attack, business, cio, ciso, cyber, cybersecurity, exploit, finance, insurance, metric, mitigation, risk, risk-management, skills, technology, vulnerabilityReporting to the CFO can improve discussions about funding: There’s art and science to secure funding. Number matters in getting budget approval, and cybersecurity is at pains to be seen as more than a cost center. However, two-thirds (66%) of CFOs don’t fully understand the CISO role and have difficulty seeing the tangible return on…
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Building A Strong Compliance Framework: A CISO’s Guide To Meeting Regulatory Requirements
In the current digital landscape, Chief Information Security Officers (CISOs) are under mounting pressure to ensure their organizations meet a growing array of regulatory requirements while maintaining robust cybersecurity. The proliferation of regulations such as the General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), and Payment Card Industry Data Security Standard…
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How Organizations Can Leverage Cyber Insurance Effectively
By focusing on prevention, education, and risk transfer through insurance, organizations, especially SMEs, can protect themselves from the rapidly escalating threats of cyberattacks. First seen on darkreading.com Jump to article: www.darkreading.com/cybersecurity-operations/organizations-leverage-cyber-insurance-effectively
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6 types of risk every organization must manage, and 4 strategies for doing it
Tags: ai, attack, backup, best-practice, breach, business, compliance, control, cyber, cybersecurity, data, finance, framework, fraud, GDPR, governance, government, grc, hacker, healthcare, infrastructure, insurance, intelligence, law, mitigation, office, phishing, ransom, ransomware, regulation, risk, risk-assessment, risk-management, service, startup, strategy, technology, threat, training, vulnerabilityCybersecurity risks Threats such as data breaches, phishing attacks, system intrusions, and broader digital vulnerabilities fall under the umbrella of security risks. The definition of cybersecurity risk is constantly evolving, now encompassing threats related to artificial intelligence and AI-driven systems.If you’re trying to mitigate risks in this area, you need to think not just about…
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Lesson from huge Blue Shield California data breach: Read the manual
read the documentation of any third party service you sign up for, to understand the security and privacy controls;know what data is being collected from your organization, and what you don’t want shared.”It’s important to understand these giant platforms make it easy for you to share your data across their various services,” he said. “So…
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Attackers and Defenders Lean on AI in Identity Fraud Battle
Identity verification, insurance claims, and financial services are all seeing surges in AI-enabled fraud, but organizations are taking advantage of AI systems to fight fire with fire. First seen on darkreading.com Jump to article: www.darkreading.com/cyber-risk/fraudsters-increasingly-use-ai-companies-look-ai
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Lemonade says applicant driver’s license numbers exposed
The company is notifying about 190,000 people after certain information used for car insurance quotes was left unencrypted. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/lemonade-drivers-license-exposed/745762/
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Breach Roundup: Cyber Insurance Market Set to Double by 2030
Also, a ‘Perfect Tool’ for Cyberespionage and EU Stocks Up on Burner Phones. This week, the cyber insurance market could double, Europe to use burner phones in the U.S., a BPFDoor campaign, Alcasec faces Spanish prison, a Thai harassment campaign and charges in Taiwan for a Chinese captain. China stonewalled a Swedish cable cutting investigation.…
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Back-Office Servicer Says Dual Hacks in 2024 Hit 1.6 Million
Landmark Admin Compromise Affects More Than a Dozen Insurance and Annuity Carriers. Landmark Admin, a third-party vendor that provides administrative services to life insurance and annuity companies, said 1.6 million people are potentially affected by 2024 ransomware and data exfiltration incidents that compromised a wide range of personal, financial and health information. First seen on…
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Oracle April 2025 Critical Patch Update Addresses 171 CVEs
Oracle addresses 171 CVEs in its second quarterly update of 2025 with 378 patches, including 40 critical updates. Background On April 15, Oracle released its Critical Patch Update (CPU) for April 2025, the second quarterly update of the year. This CPU contains fixes for 171 unique CVEs in 378 security updates across 32 Oracle product…
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Landmark Admin Suffers Major Breach, Exposing Data of 1.6M+ Users
Landmark Admin, LLC (“Landmark”), a Texas-based third-party administrator for life insurance carriers, has confirmed that a cyberattack compromised sensitive personal data belonging to more than 1.6 million individuals. The breach, detected in mid-May 2024, has prompted urgent calls for vigilance among affected policyholders, insurance producers, and beneficiaries. Discovery and Immediate Response According to an official…
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Insurance firm Lemonade warns of breach of thousands of driving license numbers
A data breach at insurance firm Lemonade left the details of thousands of drivers’ licenses exposed for 17 months. First seen on bitdefender.com Jump to article: www.bitdefender.com/en-us/blog/hotforsecurity/insurance-firm-lemonade-warns-of-breach-of-thousands-of-driving-license-numbers
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Guess what happens when ransomware fiends find ‘insurance’ ‘policy’ in your files
It involves a number close to three or six depending on the fiend First seen on theregister.com Jump to article: www.theregister.com/2025/04/16/dutch_ransomware_study/
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Introducing Wyo Support ADAMnetworks LTP
Tags: attack, best-practice, business, compliance, cyber, cybersecurity, data, email, endpoint, finance, GDPR, government, guide, healthcare, infrastructure, insurance, law, linkedin, PCI, phishing, radius, ransomware, regulation, service, skills, strategy, technology, threat, tool, training, update, zero-trustADAMnetworks is excited to announce Wyo Support to the family of Licensed Technology Partners. “After working with the various systems and technologies, there are few that compare with the protection that ADAMnetworks provides. It reduces the attack surface from the broad side of a barn down to the size of a keyhole. No other technology…
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Now 1.6M people had SSNs, life chapter and verse stolen from insurance IT biz
800K? Make that double, and we’ll need a double, too, for the pain First seen on theregister.com Jump to article: www.theregister.com/2025/04/15/landmark_admin_data_loss/
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Insurance Firm Lemonade Says API Glitch Exposed Some Driver’s License Numbers
Lemonade says the incident is not material and that its operations were not compromised, nor was its customer data targeted. The post Insurance Firm Lemonade Says API Glitch Exposed Some Driver’s License Numbers appeared first on SecurityWeek. First seen on securityweek.com Jump to article: www.securityweek.com/insurance-firm-lemonade-says-api-glitch-exposed-some-drivers-license-numbers/
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Insurance firm Lemonade says breach exposed driver’s license numbers
A vulnerability within the online application platform for insurance policies likely resulted in the breach of customer details. First seen on therecord.media Jump to article: therecord.media/lemonade-insrance-breach-numbers-license
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Fraud in Your Inbox: Email Is Still the Weakest Link
At-Bay Cyber Insurance Claims Report Finds 83% of Financial Fraud Starts With Email. Financial fraud remains the leading driver of cyberinsurance claims, with 83% of cases traced back to email-based attacks. Common tactics used to deceive employees include wiring funds to fraudulent accounts, generative AI-crafted emails, executive and vendor impersonation and BEC scams. First seen…
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Digital Threats Targeting India – Banking Financial Services and Insurance Insurance (BFSI) Sector
First seen on resecurity.com Jump to article: www.resecurity.com/blog/article/digital-threats-targeting-india-banking-financial-services-and-insurance-insurance-bfsi-sector