Advancing Analytics

MAY 14, 2022

It was a great opportunity to catch up with the best and the brightest in the Insurance and Brokerage business. There were fantastic talks on the direction of the industry, and one are which is getting a lot of attention it the application of AI and Machine Learning to Insurance. Assessor assistants – Think Hal 9000 but for Insurance!

Insurance 64

Insurance Insurance Financial Services Evaluation 64

Pure Storage

DECEMBER 17, 2024

Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets. Continuously monitor system logs to detect unusual activity, such as failed login attempts or unauthorized data transfers. Businesses sometimes spend upwards of $1.4

Security 52

Security Vulnerability Cybersecurity Cyber Resilience 52

MHA Consulting

FEBRUARY 9, 2023

There are two main types of risk transference: 1) buying insurance and 2) hiring a third-party vendor to perform an activity and passing on to them the risks associated with that activity. The Promise and Pitfalls of Insurance Insurance is the most frequently used and easiest method of risk transference.

Insurance 98

Insurance Insurance Outsourcing Mitigation 98

Risk Management Monitor

DECEMBER 8, 2022

If your organization operates or could be sued in New York, there has been recent activity on the legal and regulatory risk landscape that risk professionals should be prepared for. What are the New York Disclosure Law’s requirements and how do they impact your insurance program? What steps can risk managers take to ensure compliance?

Insurance 49

Insurance Insurance Alert Risk Management 49

FS-ISAC

JANUARY 24, 2023

The importance of forming a strategy around employee education (11:04 – 12:18).

Insurance 52

Insurance Insurance Healthcare Education 52

Reciprocity

NOVEMBER 5, 2021

Hence cyber insurance has become a lucrative product for insurance companies, and a must-have for businesses that want to offset the costs of attack-inflicted damage. What Is Cyber Insurance and Why Do You Need It? Cyber insurance costs can vary due to a number of factors. What You Need to Know About Cyber Insurance.

Insurance 52

Insurance Insurance Management Internet 52

Disaster Recovery Journal

OCTOBER 23, 2020

But that was my unofficial designation when I worked for the largest insurance broker in the world some 20 odd years ago. I was explaining the installation of window breakers and door locks to improve their safety in the event of an active shooter. Looking back, these were team-bonding activities and happy moments with my son.

Risk Management 214

Risk Management Disaster Recovery Emergency Response Emergency Response 214

Risk Management Monitor

OCTOBER 25, 2022

Inflation’s Impact on the Insurance Market. In light of current economic conditions, the directors and officers (D&O) insurance market is now facing several notable inflationary risks. With high unemployment and higher costs, this also poses a risk to employment practices liability (EPL) insurers.

Insurance 40

Insurance Insurance Risk Management Management 40

Risk Management Monitor

SEPTEMBER 21, 2021

With the cost of insurance for businesses rising across many types of coverage, staying on top of trends in the claims portfolio is more important than ever. For this reason, many insurers and TPAs promise to conduct claims reviews with their business customers on a regular basis, but the rigor can vary greatly.

Insurance 75

Insurance Insurance All-Hazards Hazard 75

Risk Management Monitor

FEBRUARY 2, 2023

To that end, the National African American Insurance Association (NAAIA) recently updated its research on its members’ experiences and challenges in the insurance industry, releasing the new study The Next Steps on the Journey: Has Anything Changed?

Insurance 40

Insurance Insurance Activation Evaluation 40

MHA Consulting

AUGUST 24, 2023

It’s a permanent ongoing activity. They include process and procedural robustness and integrity; people, skills, and training; insurance and self-insurance; the supply chain, outsourcing, and inherent risk; infrastructure, systems, and telecommunications; and physical and information security. Reducing risk. Transferring risk.

Risk Management 98

Risk Management BCM Management All-Hazards 98

LogisManager

OCTOBER 17, 2024

The breach cascaded across Change Healthcare’s partners, including healthcare providers, insurers, and pharmaceutical companies. Insufficient Board and Leadership Oversight : The board of directors and executive team were not actively engaged in risk management, leading to a lack of governance.

Risk Management 52

Risk Management Healthcare Management 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. Should threat actors navigate past these barriers, solutions that can detect malicious activity and limit access within your network (e.g.,

Cybersecurity 98

Cybersecurity Backup Authentication Insurance 98

Pure Storage

MARCH 29, 2024

Here are a few best practices to consider when implementing a strong data protection strategy: Implement an Active Threat and Vulnerability Management Program Before an attack , the adversaries are doing their homework: learning about your organization to understand the size and scope of their opportunity.

Backup 96

Backup Cybersecurity Architecture Resilience 96

LogisManager

OCTOBER 19, 2023

Download Now Adopt the Three Lines of Defense In addition to the tactical changes that banks will need to make regarding the frequency of compliance activities, the adoption of the 3 Lines of Defense of Risk Management may also serve as an adjustment that is needed.

Banking 98

Banking Corporate Governance Audit Risk Management 98

MHA Consulting

MARCH 2, 2023

Residual Risk There are two main kinds of risk when it comes to organizational activities and business continuity: inherent risk and residual risk. Inherent risk is the danger intrinsic to any business activity or operation. Residual risk is the amount of risk that remains in an activity after mitigation controls are applied.

Mitigation 95

Mitigation BCM Acceptable Risk Risk Management 95

everbridge

OCTOBER 7, 2024

When any of us own a large purchase or investment, we protect that investment with insurance. Unfortunately, we also must deal with harsh realities of theft, damaged equipment, potential bomb threats and active shooter situations. Summary To summarize, a Business Continuity Plan is similar to insurance for your business.

Continuity Planning 52

Continuity Planning Business Continuity Insurance Insurance 52

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. Should threat actors navigate past these barriers, solutions that can detect malicious activity and limit access within your network (e.g.,

Cybersecurity 98

Cybersecurity Backup Authentication Insurance 98

Disaster Recovery Journal

OCTOBER 23, 2020

But that was my unofficial designation when I worked for the largest insurance broker in the world some 20 odd years ago. I was explaining the installation of window breakers and door locks to improve their safety in the event of an active shooter. Looking back, these were team-bonding activities and happy moments with my son.

Risk Management 130

Risk Management Disaster Recovery Emergency Response Emergency Response 130

Pure Storage

MARCH 21, 2022

Collecting and analyzing evidence of malicious network activity. IT is critical both before and after a security event and will be actively involved in all phases of the emergency response plan, including: Preparation: Mapping out IT assets, data, devices, and users within the IT ecosystem. Giving testimony at legal proceedings.

Emergency Response 105

Emergency Response Emergency Response Backup Outsourcing 105

Pure Storage

AUGUST 22, 2022

The malware infects or deletes Active Directory. . Active Directory (AD) is a top target for attackers because it forms the foundation of most organizations’ accounts and data assets. There are many options out there today and it’s important to vet your choice, have it on retainer, and validate it with your insurance company.

Malware 122

Malware Backup Architecture Resilience 122

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”. The report is sourced from 90 billion traffic logs to outline new cyber criminal activity, tactics, techniques, and procedures.

Entertainment 52

Entertainment Malware Disaster Recovery Insurance 52

Plan B Consulting

SEPTEMBER 11, 2016

Diverse Sites – the activity is carried out at two sites 2. Subcontract – this is where the activity affected by the incident, is carried out by a third party 5. Insurance – using insurance to cover any losses 6. Insuring any network connectivity or utilities into site are duelled 6. These are: 1.

Resilience 52

Resilience Manufacturing Insurance Insurance 52

Plan B Consulting

SEPTEMBER 11, 2016

Diverse Sites – the activity is carried out at two sites. Subcontract – this is where the activity affected by the incident, is carried out by a third party. Insurance – using insurance to cover any losses. Insuring any network connectivity or utilities into site are duelled. These are: 1.

Resilience 52

Resilience Manufacturing Insurance Insurance 52

Reciprocity

MARCH 3, 2025

Beyond these fines, costs multiply quickly: breach investigations, patient notification and credit monitoring, cybersecurity improvements, increased insurance premiums, and lost revenue from disrupted operations. The ripple effects impact lab result processing, medical imaging, and insurance claim submissions.

Healthcare 52

Healthcare Management Risk Management Audit 52

Risk Management Monitor

MARCH 4, 2022

Cyberrisk has also drawn considerable concern and the threat landscape continues to evolve rapidly, though the details of increased cyberattack activity are not yet fully known and may be largely unfolding below the surface right now. and “How can we still work without any technology support?”. Check it out here: [link].

Management 56

Management Malware Cybersecurity Insurance 56

MHA Consulting

MARCH 14, 2024

Enterprise Risk Management is the activity of identifying and mitigating the hazards that threaten an organization (definition from Strong Language: The MHA Glossary of Essential Business Continuity Terminology , available for free download with registration). ERM is all about reducing. ERM also increases a few things.

Risk Management 52

Risk Management Management All-Hazards Mitigation 52

Disaster Safety

MARCH 5, 2021

Begin a reserve fund now and make sure you are adequately insured. The OFB-EZ toolkit will enable small businesses to: Identify the business activities that are essential for continued operation during a disruption; Deal with risks faced by the organization; and. Know Your Finances. PDF | Word. Know How to Test Your Plan. PDF | Word.

Continuity Planning 98

Continuity Planning Business Continuity Insurance Insurance 98

Disaster Recovery Journal

AUGUST 5, 2020

The investigation and cleanup activities forced changes in business operations. The firm had an advantage in understanding the legal frustrations surrounding insurance claims, city investigations, and client services. The city condemned the law office building requiring the law practice to seek a new facility.

Business Continuity 100

Business Continuity Disaster Recovery Continuity Planning Impact Analysis 100

Disaster Recovery Journal

AUGUST 5, 2020

The investigation and cleanup activities forced changes in business operations. The firm had an advantage in understanding the legal frustrations surrounding insurance claims, city investigations, and client services. The city condemned the law office building requiring the law practice to seek a new facility.

Business Continuity 100

Business Continuity Disaster Recovery Continuity Planning Impact Analysis 100

National Fire Protection Association

JUNE 8, 2022

According to experts, over the past three years, the nation has seen over 100 fatalities, 40,000 structures destroyed, and nearly $40 billion in insured losses from wildfire in high-risk WUI areas. There are 44.8 million homes located in the wildland-urban interface (WUI) in America.

Insurance 59

Insurance Insurance Activation Government 59

Pure Storage

SEPTEMBER 16, 2021

They will learn if you have cybersecurity insurance, where from, and how much it’s for. Threat hunters” can actively look for and clean indicators of compromise. If unusual activity is happening in your environment, fast analytics platforms will spot it before it’s too late. Attackers launch a campaign.

Security 98

Security Vulnerability Malware Authentication 98

Disaster Safety

DECEMBER 23, 2021

Activate your business continuity plan. Designate times for key staff members to call into conference calls for situation overviews. After a winter event. A business sign that says Open on cafe or restaurant hang on door at entrance. Vintage color tone style. Ensure everyone is safe. Make sure guest, clients, and employees are safe.

Alert 80

Alert Insurance Insurance Outage 80

Advancing Analytics

JANUARY 27, 2023

Fraud detection : Machine learning can be used to detect patterns of fraudulent activity in customer data. By analysing transactional data, behavioural data, and interactions data, machine learning algorithms can identify patterns that indicate fraudulent activity.

Telecommunications 52

Telecommunications Insurance Insurance Retail 52

Erwood Group

OCTOBER 27, 2020

Not just during an activation of the plan itself, which may keep the business from suffering substantial losses, but even during times of normal business operations. The first and most obvious to many is that business continuity planning helps organizations obtain reduced premiums on insurance.

Business Continuity 59

Business Continuity Continuity Planning Insurance Insurance 59

Pure Storage

DECEMBER 6, 2021

The planning should also include critical infrastructures such as Active Directory and DNS. Continue forensics efforts and work in tandem with the proper authorities, your cyber insurance provider, and any regulatory agencies. Without these, other business applications may not come back online or function correctly.

Insurance 72

Insurance Insurance Authorization Malware 72

Pure Storage

AUGUST 2, 2021

The planning should also include critical infrastructure such as Active Directory and DNS. Also, include cyber insurance providers that can explain coverages and limitations. Application restoration priorities or tiers should be well-defined so that business units know the timeline for restoring applications and there are no surprises.

Benchmark 97

Benchmark Cybersecurity Application Vulnerability 97