Tag: insurance
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Cybersecurity Spending Slows & Security Teams Shrink
Security budgets are lowest in healthcare, professional and business services, retail, and hospitality, but budget growth remained above 5% in financial services, insurance, and tech. First seen on darkreading.com Jump to article: www.darkreading.com/cybersecurity-operations/cybersecurity-spending-slows-teams-shrink
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CSO hiring on the rise: How to land a top security exec role
Tags: access, ai, attack, breach, business, cio, ciso, cloud, compliance, cyber, cybersecurity, data, defense, finance, governance, government, healthcare, identity, incident, incident response, infrastructure, insurance, jobs, military, network, regulation, resilience, risk, saas, service, skills, software, strategy, technology, threat, trainingWide-scale AI adoption shaking up skills sought: In terms of the skills wanted of today’s CSO, Fuller agrees that AI is the game-changer.”Organizations are seeking cybersecurity leaders who combine technical depth, AI fluency, and strong interpersonal skills,” Fuller says. “AI literacy is now a baseline expectation, as CISOs must understand how to defend against AI-driven…
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Insurance Firm Notifies 156K Victims – 1 Year After the Hack
What Makes Timely and Accurate Breach Reporting So Difficult for Some Organizations?. An Illinois-based brokerage firm that works with employers, businesses and consumers to obtain various types of insurance coverage is notifying nearly 156,000 people that their protected health information was compromised in a data theft hack that occurred more than a year ago. Why…
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Ransomware plunges insurance company into bankruptcy
Collapsed company’s founder says that its fortunes were hampered by the refusal of authorities to release the criminals’ seized funds to victims. First seen on fortra.com Jump to article: www.fortra.com/blog/ransomware-plunges-insurance-company-bankruptcy
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Ransomware Hits Phone Repair Insurance Firm, Causing Millions in Damage
Wilhelm Einhaus, a businessman from Bockum-Hövel, Germany, pioneered cell phone insurance services, establishing a robust network that integrated innovative offerings like a 24-hour repair and replacement program. His enterprise expanded rapidly, partnering with major telecommunications providers such as Deutsche Telekom and 1&1, and distributing products through over 5,000 retail outlets nationwide. At its zenith, the…
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10 Best HIPAA Compliance Software Solutions Providers in 2025
In the rapidly evolving healthcare landscape of 2025, ensuring compliance with the Health Insurance Portability and Accountability Act (HIPAA) is more critical than ever. The increasing reliance on digital health records, telehealth, and other technological advancements has created a complex environment where data security and patient privacy are paramount. To address these challenges, a new…
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Hackers stole Social Security numbers during Allianz Life cyberattack
The U.S. insurance giant tells state regulators that Social Security numbers were among the personal information stolen in its mid-July cyberattack. First seen on techcrunch.com Jump to article: techcrunch.com/2025/07/30/hackers-stole-social-security-numbers-during-allianz-life-cyberattack/
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Cyber insurance emerging as a compliance factor
Espria has added its voice to concerns that growing numbers of firms are going to fall foul of the demands of the insurance industry First seen on computerweekly.com Jump to article: www.computerweekly.com/microscope/news/366628131/Cyber-insurance-emerging-as-a-compliance-factor
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Allianz Life Breach Tied to CRM Compromise
Attackers Stole US Customer Data Using Social Engineering. A malicious actor breached a customer relationship management platform used by Allianz Life Insurance of North America on July 16 and stole personally identifiable information of most of its 1.4 million U.S. customers, financial professionals and some employees, the company said. First seen on govinfosecurity.com Jump to…
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Insurance Giant Allianz Life Grapples With Breach Affecting ‘Majority’ of Customers
The company has yet to report an exact number of how many individuals were impacted by the breach and plans to start the notification process around Aug. 1. First seen on darkreading.com Jump to article: www.darkreading.com/vulnerabilities-threats/allianz-life-breach-affecting-majority-customers
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Allianz Life hit by hackers, customer and staff personal data stolen
The US insurance giant has admitted that hackers stole personal info of the “majority” of its customers and staff earlier this month. First seen on grahamcluley.com Jump to article: grahamcluley.com/allianz-life-hit-by-hackers-customer-and-staff-personal-data-stolen/
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New Scattered Spider Tactics Target VMware vSphere Environments
Scattered Spider has targeted VMware vSphere environments, exploiting retail, airline and insurance sectors First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/scattered-spider-targets-us-virtual/
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Third-Party Breach Impacts Majority of Allianz Life US Customers
Insurance firm Allianz Life said that a threat actor accessed personally identifiable information of the majority of its 1.4 million US customers First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/third-party-breach-allianz/
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Data resilience critical as ransomware attacks target backups
With more threat actors targeting backup repositories to ensure a payday, Veeam urges organisations to threat data resilience as a competitive advantage, not just an insurance policy First seen on computerweekly.com Jump to article: www.computerweekly.com/news/366628213/Data-resilience-critical-as-ransomware-attacks-target-backups
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Scattered Spider is running a VMware ESXi hacking spree
Scattered Spider hackers have been aggressively targeting virtualized environments by attacking VMware ESXi hypervisors at U.S. companies in the retail, airline, transportation, and insurance sectors. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/scattered-spider-is-running-a-vmware-esxi-hacking-spree/
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Allianz Life confirms data breach impacts majority of 1.4 million customers
Insurance company Allianz Life has confirmed that the personal information for the “majority” of its 1.4 million customers was exposed in a data breach that occurred earlier this month. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/allianz-life-confirms-data-breach-impacts-majority-of-14-million-customers/
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Philadelphia Indemnity Insurance discloses June data breach
The regulatory filing follows a wave of hacks against the industry that researchers have linked to Scattered Spider. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/philadelphia–insurance-june-data-breach/754091/
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Dell demonstration platform breached by World Leaks extortion group
Tags: access, attack, breach, data, data-breach, defense, encryption, exploit, extortion, finance, group, insurance, international, leak, network, ransomware, risk, risk-management, strategy, threat, toolLimited impact but strategic implications: Dell emphasized that the breached platform is architecturally separated from customer-facing networks and internal production systems. “Data used in the solution center is primarily synthetic (fake) data, publicly available datasets used solely for product demonstration purposes or Dell scripts, systems data, non-sensitive information, and testing outputs,” the report added, quoting…
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How AI, Automation and Real-Time Tools Are Redefining Claims
Liberty General’s Sachin Joshi on Blending Technology and Empathy for Faster Claims. AI, automation and real-time tools are reshaping insurance claims. We blend technology with empathy to deliver faster, smarter and more transparent claims, said Sachin Joshi, president of claims, operations and customer service at Liberty General Insurance. First seen on govinfosecurity.com Jump to article:…
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Former Google DeepMind engineer behind Simular says other AI agents are doing it wrong
Simular is starting with industries like insurance and healthcare with tons of forms to fill First seen on theregister.com Jump to article: www.theregister.com/2025/07/15/simular_ai_agent_reinforcement/
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How defenders use the dark web
Tags: access, antivirus, attack, breach, corporate, credit-card, crypto, cyber, cybercrime, dark-web, data, data-breach, email, extortion, finance, fraud, government, group, hacker, healthcare, identity, incident, insurance, intelligence, Internet, interpol, law, leak, lockbit, mail, malware, monitoring, network, phishing, ransom, ransomware, service, software, theft, threat, tool, usa, vpnAttributing attacks to threat actors: When organizations suffer from data breaches and cyber incidents, the dark web becomes a crucial tool for defenders, including the impacted businesses, their legal teams, and negotiators.Threat actors such as ransomware groups often attack organizations to encrypt and steal their data so they can extort them for money, in exchange…
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As Cyber-Insurance Premiums Drop, Coverage Is Key to Resilience
Cyber-insurance premiums continue to decline from their explosive growth from 2020 to 2022, but coverage is more important than ever to manage risks, experts say. First seen on darkreading.com Jump to article: www.darkreading.com/vulnerabilities-threats/cyber-insurance-premiums-drop-coverage-key-resilience
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Why Scattered Spider Persists as Major Threat to Insurers
Cybercrime gang Scattered Spider is the top suspect in several recent cyberattacks in the U.S. insurance sector, and it’s likely that threat actors could still be lurking in other insurers’ IT environments, said Peter McMurtrie of consulting firm West Monroe. First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/interviews/scattered-spider-persists-as-major-threat-to-insurers-i-5487
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Why Scattered Spider Persists as Major Threat to Insurers
Cybercrime gang Scattered Spider is the top suspect in several recent cyberattacks in the U.S. insurance sector, and it’s likely that threat actors could still be lurking in other insurers’ IT environments, said Peter McMurtrie of consulting firm West Monroe. First seen on govinfosecurity.com Jump to article: www.govinfosecurity.com/interviews/scattered-spider-persists-as-major-threat-to-insurers-i-5487
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Nearly 300,000 people were impacted by cyberattack on Nova Scotia Power
An investigation revealed that hackers had access to the utility’s critical systems, allowing them to steal sensitive information like driver’s license numbers, Canadian Social Insurance information and bank account details. First seen on therecord.media Jump to article: therecord.media/thousands-impacted-cyber-nova-scotia
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Young Consulting finds even more folks affected in breach mess now over 1 million
The insurance SaaS slinger may trade under a different name, but past continues to haunt it First seen on theregister.com Jump to article: www.theregister.com/2025/07/03/young_consulting_breach_million/