Tag: Cybersecurity

Maine Insurers Expand Services, Address Climate and Cyber Risks Amid Market Shifts

Maine insurers are expanding geographically and technologically while addressing rising climate and cyber risks. Major players focus on workforce training and innovative coverage solutions amid increasing claims costs.

$17.5M Settlement for Infosys McCamish Systems Data Breach Impacts 3.7M

Infosys McCamish Systems settles $17.5M data breach affecting 3.7 million Americans, offering up to $6,000 in claims for compromised insurance data.

K–12 Cybersecurity Transforms with AI to Build Resilient School Systems

Explore how U.S. K-12 schools are evolving cybersecurity with AI, data governance, and collaboration to build resilient systems and reduce cyber insurance costs.

Modernization Strategies for Mutual Property and Casualty Insurers

Explore effective modernization strategies for mutual property and casualty insurers focusing on technology, AI, security, and member-centric outcomes to stay competitive.

2025 Marks Major Transformation in U.S. Insurance Technology Trends

In 2025, U.S. insurance technology enters a transformative phase driven by AI, IoT, parametric policies, and embedded insurance models, reshaping underwriting, claims, and customer engagement.

Increasing Cybersecurity Challenges for Financial Services: Vendor Breaches, Mobile Malware, and VPN Vulnerabilities

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.

2025 Insurance Industry Growth Supported by Economic and Technological Trends

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 Reports Major Social Engineering Data Breach Impacting 1.4M Customers

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.

Data Breach at Covenant Health Affects Over 2,200 in New Hampshire

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.

Court Vacates Key Portions of 2024 HIPAA Privacy Rule on Reproductive Health Information

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.