Chisel AI

SEPTEMBER 8, 2021

We recently published our second annual crowdsourced eBook Underwriting Priorities 2021 & Beyond. Technology and automation play different roles as the insurance proposition moves from being very standard to very customized. Commercial businesses range from the very small micro to a very large corporate customer.

Insurance 52

Insurance Insurance Publishing Technology 52

Solutions Review

SEPTEMBER 9, 2021

The industries Resolver serves include banking and financial services, healthcare and hospitals, insurance, academic institutions, critical infrastructure organizations, airports, utilities, hospitality, government, and more. Users can also connect their risks to mitigating controls to show how their organization treats its threats.

Risk Management 98

Risk Management Management Audit Hospitality 98

Risk Management Monitor

NOVEMBER 11, 2021

With climate change quickly becoming one of the most important issues facing the world, Lloyd’s Chairman Bruce Carnegie-Brown stressed the importance of ESG initiatives to address the threat, as well as the vital role of risk managers, in today’s keynote address at the RIMS ERM Conference 2021 in New York City.

Risk Management 80

Risk Management Management Insurance Insurance 80

Risk Management Monitor

NOVEMBER 11, 2021

In one of the afternoon’s sessions, “Identify and Solve Any Organizational DEI Issue In One Hour,” presenter Layne Kertamus, professional in residence of risk management and insurance at Utah Valley University, explored “new ways to talk about what needs to be said, and what needs to be listened to.”.

Risk Management 75

Risk Management Insurance Insurance Authentication 75

Chisel AI

DECEMBER 20, 2021

In case you missed these articles the first time around, we’ve pulled together our “Best of 2021” list. Here, in no particular order, are our most-read articles of 2021…. These articles, interviews, executive outlooks, and podcast episodes are well worth revisiting as we look to a new year.

Insurance 76

Insurance Insurance 76

Risk Management Monitor

AUGUST 9, 2022

In 2021, insurers faced multiple billion-dollar loss events resulting from severe convective storms in the United States, with the greatest damage inflicted by hail that impacted the Plains, Midwest, Southeast and Northeast. In other words, the “inception of loss” date starts the one-year clock ticking. Lowen Valley View, L.L.C.

Insurance 78

Insurance Insurance Disaster Preparedness Management 78

Chisel AI

SEPTEMBER 22, 2021

“Data is the lifeblood of insurance companies. Insurance companies compete on analytics and algorithms, and they compete on experiences. This is our equivalent of that physical capital that Tesla has to invest in.

Insurance 80

Insurance Insurance Authorization 80

Pure Storage

DECEMBER 17, 2024

The Colonial Pipeline ransomware attack in 2021 forced the shutdown of a major U.S. Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets. If you have cyber insurance, work with your insurer to file claims and understand coverage for recovery costs.

Security 52

Security Vulnerability Cybersecurity Cyber Resilience 52

Chisel AI

NOVEMBER 3, 2021

The Insurance Coverage Law Center has called business interruption and COVID “one of the most impactful insurance coverage issues of all time.” Do you agree and, in your opinion, how well are commercial insurance companies dealing with the issue?

Pandemic 66

Pandemic Insurance Insurance 66

Solutions Review

JANUARY 19, 2024

In this article, we delve into the top five things we have – hopefully – finally learned about ransomware in 2023, shedding light on the evolving tactics employed by cybercriminals, the shifting dynamics in the cyber insurance industry, and the pressing need for a robust recovery strategy.

Insurance 72

Insurance Insurance Disaster Recovery Backup 72

The Morning Breach

JANUARY 8, 2021

Not only by adding this to your plan in 2021 will you better protect yourself, but you align yourself more with industry standards, compliance requirements, and will likely be able to provide that report for a savings on cyber security insurance which after 2020 is sure to rise.

Cybersecurity 52

Cybersecurity Insurance Insurance Audit 52

NexusTek

OCTOBER 8, 2024

Incident 1: Malicious Web Browser Update A large insurance company with a nationwide presence was the victim of a ransomware attack that began with a social engineering scheme. In late 2021, the company’s employees found that they could not access digital files as usual—the result of a malware infection.

Cybersecurity 98

Cybersecurity Insurance Backup Insurance 98

NexusTek

OCTOBER 25, 2023

Cyber insurance: Such policies help to cover costs related to cyber incidents and indicate that a third party is paying attention to cyber risk management. 2021, May 4). 2021, May 7). Incident response plan: This demonstrates that a third party is prepared for an organized and effective response should a cyber event occur.

Cybersecurity 105

Cybersecurity Evaluation Vulnerability Risk Management 105

Pure Storage

JULY 6, 2021

They do their research, they know what data you have (and what data you want to protect), they know who your customers are, and they even know where you purchase your security insurance. www.forbes.com/sites/daveywinder/2021/04/23/ransomware-gang-demands-50-million-for-apple-watch-and-macbook-pro-blueprints/?sh=4401e30e5839.

Insurance 92

Insurance Insurance Backup Healthcare 92

NexusTek

FEBRUARY 8, 2023

Incident 1: Malicious Web Browser Update A large insurance company with a nationwide presence was the victim of a ransomware attack that began with a social engineering scheme. In late 2021, the company’s employees found that they could not access digital files as usual—the result of a malware infection.

Cybersecurity 98

Cybersecurity Insurance Backup Insurance 98

Reciprocity

FEBRUARY 12, 2025

More recently, the 2021 Kaseya ransomware attack impacted over 1,500 businesses through a single vendor’s compromised software. Insurance certificates confirm protection. Instead, they began with vulnerabilities in vendor systems. The 2013 Target breach, which affected 41 million consumers, originated through an HVAC vendor.

Evaluation 52

Evaluation Vulnerability Audit Risk Management 52

Pure Storage

JANUARY 11, 2024

The action came after the Financial Conduct Authority (FCA) along with the Bank of England (BoE) and the Prudential Regulation Authority (PRA) issued their operational resilience policy in March 2021. The act applies to banks, insurance companies, investment firms, and the like, but it also includes critical third parties.

Resilience 117

Resilience Financial Services Banking Cybersecurity 117

National Center for Disaster Prepardness

FEBRUARY 7, 2025

In the private sector, insurance companies such as Allstate and State Farm leverage AI-powered object detection to streamline post-disaster claims processing and enhance the accuracy of damage assessments. Photo credit: Serge Lavoie/Pexels. Algorithm explanation adapted from Durve, Mihir et al. The European Physical Journal Plus.

Damage Assessment 77

Damage Assessment Disaster Management Management Disaster Recovery 77

everbridge

MARCH 6, 2023

The current systems and solutions in place for managing climate hazards are often inadequate, and the reliance on traditional insurance has become insufficient. The Insufficiency of Traditional Insurance Organizations often rely on insurance providers to provide protection against the impacts of extreme weather events.

Resilience 52

Resilience All-Hazards Command Center Insurance 52

CCEM Strategies

NOVEMBER 9, 2023

1 Of the top 10 most expensive natural disasters in terms of insurance payouts in Canada, floods are responsible for four. 2 We all remember the November 2021 atmospheric river in BC. The Insurance Bureau of Canada states that the insured damage of this event was $675 million.

Emergency Planning 52

Emergency Planning Insurance Insurance Damage Assessment 52

Pure Storage

MAY 5, 2022

On 9/11, swaths of companies’ data were lost that insurance claims wouldn’t cover. In fact, years later, Gartner would rightly predict that by 2021 , analysts would give information portfolios a bigger piece of the valuation pie. It was a loss that paled in comparison to the tragedy but set in motion a massive shift all the same.

Banking 98

Banking Insurance Insurance Application 98

OffsiteDataSync

SEPTEMBER 27, 2021

According to Nuspire’s 2021 Q2 Quarterly Threat Landscape Report , the second quarter saw a 55.240% increase in ransomware activity with the attacks becoming “more common and more damaging”. But, a number of industries have been hit this year including agriculture , manufacturing , entertainment , insurance , and more.

Entertainment 52

Entertainment Malware Disaster Recovery Insurance 52

Plan B Consulting

MARCH 20, 2023

million in May 2021. million May 2021.[1] CNA Financial – one of the largest insurance companies in the USA, paid $40 Million in ransom after the March 2021 cyberattack.[3] Acer – had a $50 million ransom demand in March 2021, but it is not believed that they paid the ransom.[4] million on New Year’s Eve 2019.

Travel 52

Travel Insurance Insurance Education 52

Swan Island Network

NOVEMBER 8, 2017

The company has to exercise, including with vital partners, ahead of time to insure everyone knows the drill, and how to take the place of someone not around. Corporate Security Predictions and Trends 2021. You should also be insistent with your critical suppliers that the same approach is followed. More To Explore. Corporate Security.

Insurance 52

Insurance Insurance Outage Risk Management 52

Security Industry Association

SEPTEMBER 9, 2022

In March 2021, the Federal Aviation Administration (FAA) issued a new rule for the commercial drone market requiring “digital license plates” by September 2023. Additionally, business owners who do host the public are in a high-risk environment, while insurance companies wrestle with the appropriate level and terms for coverage.

Government 98

Government Marketing Technology Authorization 98

Assurance IT

JUNE 3, 2021

This is cumulatively over the five-year period from 2017 to 2021. In this blog, you’ll learn about the four unknown cyber threats your enterprise needs to watch out for in 2021. Attackers try and trick victims into providing sensitive information like login details, credit card information or social insurance numbers.

Vulnerability 52

Vulnerability Disaster Recovery Insurance Insurance 52

Pure Storage

JULY 17, 2023

A Spotlight on Critical Infrastructure The pipeline disruption of 2021 taught us a valuable lesson: Taking out one critical infrastructure provider can have a devastating ripple effect. FIPS or SOC 2 Type II ) The government is also exploring the possibility for a cyber insurance “backstop” fund to help with catastrophic security events.

Cybersecurity 98

Cybersecurity Resilience Architecture Backup 98

NexusTek

OCTOBER 25, 2023

Cyber insurance: Such policies help to cover costs related to cyber incidents and indicate that a third party is paying attention to cyber risk management. 2021, May 4). 2021, May 7). Incident response plan: This demonstrates that a third party is prepared for an organized and effective response should a cyber event occur.

Cybersecurity 52

Cybersecurity Evaluation Vulnerability Risk Management 52

Plan B Consulting

MAY 5, 2021

Updated 29 May 2021 This week I talk about costs that are often overlooked when dealing with ransomware attacks. The class action, in turn, could lead to additional costs for the organisation or an increase to their insurance plan if they covered these claims.

Advertising 52

Advertising Alert Insurance Insurance 52

Plan B Consulting

MAY 5, 2021

Updated 29 May 2021. The class action, in turn, could lead to additional costs for the organisation or an increase to their insurance plan if they covered these claims. The cost of the ransomware attack on HSE the Irish Heath Services in May 2021 is being reported as going to cost the Irish Government up to €100m.

Advertising 52

Advertising Alert Insurance Insurance 52

Solutions Review

APRIL 21, 2022

In 2021, businesses in the U.S. With remote work becoming the norm in 2021 as a result of the COVID-19 pandemic, Remote Desktop Protocol (RDP) usage has surged and has exposed an exploitable vector for ransomware – brute force attacks. Safeguards from viruses, malware and ransomware.

Media 40

Media Cybersecurity Retail Malware 40

LogisManager

MAY 20, 2021

energy company, was hit with a ransomware cyberattack on May 7th, 2021, which forced it to halt all operations on its major pipeline that delivers roughly 45% of all fuel consumed on the east coast. Colonial Pipeline Hack: Failure in Risk Management. Colonial Pipeline Hack: Introduction. Colonial Pipeline, a major U.S.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Reciprocity

SEPTEMBER 30, 2022

In 2021 the average cost rose to $9.41 And that suffering now extends far beyond the potential for Health Insurance Portability and Accountability Act ( HIPAA ) regulatory non-compliance brought on by lost or stolen data; instead, the breaches affect healthcare organizations’ capacity to function and pose a risk to patient safety.

Healthcare 52

Healthcare Management Vulnerability Risk Management 52

CCEM Strategies

AUGUST 24, 2023

Recent examples of volunteers emerging to support response and recovery operations during a disaster include BC’s 2021 atmospheric river and the 2022 earthquake in Turkey and Syria. Does your insurance cover volunteer inclusion in your operations? If so, where and how would you train them?

Management 52

Management Emergency Response Emergency Response Transportation 52

Business Resilience Decoded

OCTOBER 7, 2021

Small businesses are strongly advised to set up offsite data backups, implement audit logging, purchase cyber insurance, and devise an incident response plan. Small businesses are strongly advised to set up offsite data backups, implement audit logging, purchase cyber insurance, and devise an incident response plan.

Disaster Recovery 36

Disaster Recovery Sports Insurance Media 36

Business Resilience Decoded

OCTOBER 7, 2021

Small businesses are strongly advised to set up offsite data backups, implement audit logging, purchase cyber insurance, and devise an incident response plan. LINKS MENTIONED] Disaster Recovery Journal: Register for DRJ's weekly (Wednesday) webinar series at [link] Register for DRJ Fall 2021: A Virtual Experience at [link].

Disaster Recovery 36

Disaster Recovery Sports Insurance Media 36

Business Resilience Decoded

OCTOBER 7, 2021

Small businesses are strongly advised to set up offsite data backups, implement audit logging, purchase cyber insurance, and devise an incident response plan. LINKS MENTIONED] Disaster Recovery Journal: Register for DRJ's weekly (Wednesday) webinar series at [link] Register for DRJ Fall 2021: A Virtual Experience at [link].

Disaster Recovery 36

Disaster Recovery Sports Insurance Media 36