Citrix

DECEMBER 5, 2022

The insurance sector is intrinsically linked to and impacted by the environment. Climate change … The post How the insurance sector can help combat climate change with DX first appeared on Citrix Blogs. Climate change … The post How the insurance sector can help combat climate change with DX first appeared on Citrix Blogs.

Insurance 66

Insurance Insurance Banking Manufacturing 66

IT Governance BC

JULY 30, 2024

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. Aviation, banking, healthcare, etc.] Then there’s insurance. In just a few days, between 18 and 22 July, CrowdStrike ($CRWD) lost 23.1% of its share price.

Business Continuity 91

Business Continuity Insurance Insurance Outage 91

Citrix

DECEMBER 7, 2022

government lifted its work-from-home guidance, large banks and insurers were among the first to announce plans to return to the office. When the U.K.

Banking 52

Banking Insurance Insurance Government 52

FS-ISAC

MARCH 2, 2022

As a financial services cybersecurity professional who has worked on three continents for large multinational institutions, I understand the advantages and challenges for security departments at banks both large and small. Faced with increasingly sophisticated cyber attacks, small banks can use their size to their advantage.

Banking 59

Banking Cybersecurity Risk Reduction Financial Services 59

everbridge

MARCH 6, 2025

Operational resilience has become a defining priority for organizations in sectors like finance and insurance, especially in the UK and Europe. Example Case: A bank might determine its payment processing service cannot afford downtime exceeding 2 hours, as this would result in significant customer dissatisfaction and regulatory scrutiny.

Resilience 52

Resilience Financial Services Banking Manufacturing 52

Citrix

NOVEMBER 22, 2022

Related Stories How insurers can attract and retain the right talent How channel partners are architecting a seamless zero trust framework How banks can build better customer relationships with digital technology.

Financial Services 78

Financial Services Banking Insurance Insurance 78

Pure Storage

FEBRUARY 15, 2024

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

Financial Services 98

Financial Services Insurance Insurance Banking 98

Pure Storage

FEBRUARY 15, 2024

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

Financial Services 98

Financial Services Insurance Insurance Banking 98

MHA Consulting

MARCH 23, 2023

Collectively, these guidelines make up the FFIEC Business Continuity standard, whose purpose is to make sure the banks and other financial institutions that are required to follow it can continue to operate even if they are hit with a disruption.

BCM 95

BCM Impact Analysis Business Continuity Banking 95

MHA Consulting

AUGUST 6, 2024

Often, Operational Risk is seen to only be relevant to banks and the financial industry, but as you can see from the above three examples, this is not the case. A manager underestimates task complexity, which leads to a project over runs. Subsidence causes a building to be declared unsafe and everyone must evacuate.

Risk Management 52

Risk Management Management Telecommunications Outsourcing 52

Pure Storage

MAY 5, 2022

On 9/11, swaths of companies’ data were lost that insurance claims wouldn’t cover. Like cash and banking, data storage isn’t meant to be a vault you can never access—it’s a living, breathing part of your infrastructure. 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

Advancing Analytics

AUGUST 26, 2021

Besides that, the financial industry is a vast sector that includes banks, building societies, e-money institutions, mortgage companies, investment banking, credit unions, insurance and pension companies. Interestingly, the insurance sector has 100% live machine learning applications in use. Fraud Detection.

Financial Services 52

Financial Services Banking Insurance Insurance 52

MHA Consulting

AUGUST 6, 2024

Often, Operational Risk is seen to only be relevant to banks and the financial industry, but as you can see from the above three examples, this is not the case. A manager underestimates task complexity, which leads to a project over runs. Subsidence causes a building to be declared unsafe and everyone must evacuate.

Risk Management 40

Risk Management Management Telecommunications Outsourcing 40

Risk Management Monitor

MARCH 4, 2022

According to experts ranging from independent cybersecurity professionals to officials at the Cybersecurity and Infrastructure Security Agency (CISA), organizations at greatest risk right now include critical infrastructure , banks and other financial services firms, and of course key service providers in Ukraine or Russia.

Management 56

Management Malware Cybersecurity Insurance 56

Pure Storage

FEBRUARY 15, 2024

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

Financial Services 52

Financial Services Insurance Insurance Banking 52

Pure Storage

FEBRUARY 15, 2024

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

Financial Services 52

Financial Services Insurance Insurance Banking 52

Online Computers

JULY 14, 2023

In insurance, for instance, AI is already being used to automate claims processing and identify fraudulent claims. Insurance companies are also leveraging AI-powered chatbots to answer customer questions 24/7, freeing up customer service representatives to provide more in-depth support.

Advertising 52

Advertising Retail Healthcare Insurance 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.

Risk Management 98

Risk Management Management Audit Hospitality 98

Fusion Risk Management

SEPTEMBER 12, 2022

Your customer may be subject to third-party outsourcing requirements by their own regulators , like the European Banking Authority’s Outsourcing Requirements , and they may ask to sign an addendum . Ability to Procure Cyber Insurance.

Resilience 52

Resilience Insurance Insurance Outsourcing 52

Plan B Consulting

APRIL 2, 2024

According to Lloyd’s, this event might be the biggest ever marine loss in the history of the insurance industry as the event was a ‘fully insured risk event’, meaning that the Francis Scott Key Bridge, the ship, the vessel’s cargo, and the port, were all covered.

Banking 52

Banking Insurance Insurance Mitigation 52

Pure Storage

MAY 13, 2024

The last year has seen such attacks hit Bank of America , Home Depot, T-Mobile , Okta , and Citrix. A model for regulation could be the EU’s Digital Operational Resilience Act (DORA) , which strengthens and standardizes IT security and compliance for financial entities such as banks, insurance companies, and investment firms.

Audit 52

Audit Banking Benchmark Application 52

FS-ISAC

MARCH 2, 2021

Bank accounts, investment accounts, mortgage accounts, insurance policies, utility bills, even frequent flyer numbers and gift cards: all rely on usernames and passwords and contain valuable financial data. the bank) does. These third-party companies may store and secure the same data that the originating data source (i.e.

Financial Services 52

Financial Services Banking Marketing Transportation 52

Titan Data Services

AUGUST 11, 2017

Every company needs insurance for data replication, restoration and recovery.” Titan is built to banking vault R-5 regulations and can take a direct shot from an EF-5 tornado. “Regardless of the size or scope of the business’ needs, Titan Data Services offers affordable options to protect companies’ systems and data,” Hamra said. “No

Disaster Recovery 40

Disaster Recovery Banking Insurance Insurance 40

Titan Data Services

AUGUST 11, 2017

Every company needs insurance for data replication, restoration and recovery.”. Titan is built to banking vault R-5 regulations and can take a direct shot from an EF-5 tornado. “Regardless of the size or scope of the business’ needs, Titan Data Services offers affordable options to protect companies’ systems and data,” Hamra said. “No

Disaster Recovery 40

Disaster Recovery Banking Insurance Insurance 40

Solutions Review

SEPTEMBER 14, 2021

This is what I call risk management 1 – risk management for external stakeholders (Board, auditors, regulators, government, credit rating agencies, insurance companies and banks). None of these things have anything to do with proper risk management.

Risk Management 98

Risk Management Management Government Vulnerability 98

Advancing Analytics

MAY 9, 2022

Industries such as banks, insurers, gyms, telecommunications, and online streaming providers, for example, all track churn rates. Customer churn rate is a metric commonly used to determine the percentage of customers who end their relationship with a company in a particular period.

Telecommunications 90

Telecommunications Communications Banking Insurance 90

Reciprocity

AUGUST 15, 2022

The Federal Deposit Insurance Corp. In banking, for example, the FDIC, the Office of the Comptroller of the Currency (OCC), or the Consumer Financial Protection Bureau (CFPB) are stringent regulators that can impose high fines for compliance issues. FDIC), a primary U.S. Let’s look at several examples.

Management 52

Management Audit Banking Media 52

FS-ISAC

MAY 25, 2021

Banks around the world are used to quantifying financial risks such as market, credit, and liquidity risks. At Banco de Credito de Peru, the largest bank in the country, we consider all non-financial risks together, as they are interrelated and require the same governance processes. We have known how to measure them for centuries.

Banking 52

Banking Cybersecurity Mitigation Risk Management 52

Plan B Consulting

NOVEMBER 1, 2019

Bank account numbers Sort codes Credit card information Invoicing details 6. For example, do we hold National Insurance Numbers, do we hold credit card numbers or not? What is the most embarrassing bit of information you hold? Consider information and personal comments in emails or company communication system?

Banking 52

Banking Internet Insurance Insurance 52

Plan B Consulting

NOVEMBER 1, 2019

Bank account numbers Sort codes Credit card information Invoicing details. For example, do we hold National Insurance Numbers, do we hold credit card numbers or not? What is the most embarrassing bit of information you hold? Consider information and personal comments in emails or company communication system?

Banking 52

Banking Internet Insurance Insurance 52

Solutions Review

SEPTEMBER 27, 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.

Government 92

Government Audit Risk Management Hospitality 92

LogisManager

MAY 20, 2021

In recent years, these attacks have affected everyone from banks and hospitals to universities and municipalities; almost 2,400 organizations in the United States were victimized last year alone. The less prepared you are when responding to an incident, the more likely you’ll be forced into paying ransom.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Online Computers

DECEMBER 21, 2023

Shadow IT can lead to noncompliance with the Health Insurance Portability and Accountability Act (HIPAA) or the Gramm-Leach-Bliley Act (GLBA) , resulting in large fines and legal issues. Our IT experts will customize a plan unique to your needs, and help you manage your business technology without breaking the bank. Interested?

Healthcare 52

Healthcare Malware Hazard Banking 52

Plan B Consulting

JANUARY 24, 2022

I was informed of a ransom demand of £905,000 which was exactly the amount the organisation had in their bank account. If possible, do not tell anyone you have cyber insurance If the attacker knows you have cyber insurance, they will know that as part of the policy the insurance company may pay the ransom instead.

Insurance 52

Insurance Insurance Banking Marketing 52

Plan B Consulting

JANUARY 24, 2022

I was informed of a ransom demand of £905,000 which was exactly the amount the organisation had in their bank account. If possible, do not tell anyone you have cyber insurance. If the attacker knows you have cyber insurance, they will know that as part of the policy the insurance company may pay the ransom instead.

Insurance 52

Insurance Insurance Banking Marketing 52

Plan B Consulting

MARCH 12, 2020

We live in a fairly safe world in that there are cures for most diseases, we can build defences against nature and most threats we have met before, and there is insurance which at least gives us money to rebuild. I personally think one of the major impacts of coronavirus will be the physiological effect on the population.

Pandemic 52

Pandemic Banking Travel Insurance 52

Castellan

MAY 26, 2022

The Financial Conduct Authority (FCA) , the Bank of England (BoE) , and the Prudential Regulation Authority (PRA) announced these new requirements a year ago to improve the operational resilience of financial services in the UK. Going forward, organisations are expected to operate within those impact tolerances.

Resilience 52

Resilience Financial Services Banking Business Services 52