Financial sector faces escalating cyber risks from vendor breaches, advanced mobile malware, and critical VPN vulnerabilities, underscoring need for enhanced supply chain oversight and Zero Trust security.

Conning analysts forecast sustained growth in life/annuity and property/casualty insurance in 2025, driven by economic conditions, regulatory focus, AI adoption, and rising catastrophe and cyber risks.

Allianz Life Insurance Company announces a major social engineering data breach affecting 1.4 million U.S. customers, part of a growing trend of cyberattacks on insurers by groups like Scattered Spider.

Covenant Health reports a May 18 data breach impacting over 2,200 in New Hampshire, exposing medical and insurance data. Fraud monitoring and IT security upgrades underway.

The U.S. District Court vacated major parts of the 2024 HIPAA Privacy Rule on reproductive health information, impacting data privacy compliance and healthcare regulation. Covered entities must update Notices of Privacy Practices by February 2026.

CMS alerts 103,000 Medicare beneficiaries of a recent scam involving fraudulent Medicare.gov account creations, exposing sensitive personal and healthcare data. Learn about CMS's cybersecurity response and prevention measures.

CMS warns Medicare providers of rising phishing scams via fraudulent fax requests for medical records falsely linked to audits. Providers urged to verify requests to protect patient data.

Aflac reveals a cybersecurity breach on its U.S. network affecting customer personal data, highlighting rising cyber threats in the insurance industry.

Lemonade's delayed detection of a major data breach exposing 190,000 driver’s license numbers spurs a federal class action lawsuit, highlighting critical cybersecurity and compliance challenges for digital insurers.

Texas DOT reports a data breach compromising nearly 300,000 crash reports, raising insurance fraud and cybersecurity concerns for Lone Star drivers.