insurance

5 IAM considerations and lessons learned in the insurance industry

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5 IAM considerations and lessons learned in the insurance industry

The insurance industry’s IAM challenges Insurance companies are prime targets for fraud and identity-based attacks. They manage vast stores of sensitive data, accounts are highly valuable, and policyholders are often vulnerable. The industry deals with a myriad of unique challenges: policy origination is often independent from online account registration, infrequent policyholder check-in delays fraud detection, and complexities like delegated access require unique verification and authentication paths, to name only a few. Fraudsters are aware of…

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Cyber Insurance Premiums Are Declining, Howden Insurance Brokers Report Finds

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Cyber Insurance Premiums Are Declining, Howden Insurance Brokers Report Finds

Improved cyber hygiene among businesses has led to a reduction in cyber insurance premiums by 15% worldwide over the last two years, a new report from Howden Insurance Brokers has found. This is despite the fact that cyberthreats, particularly ransomware attacks, are becoming more prevalent. Awareness of cyber hygiene practices, like multifactor authentication, EDR and cloud backups, has grown significantly since 2022. Ransomware attacks have increased by 18% this year, according to Howden and NCC…

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3 ways to safeguard identity and insurance in the age of AI

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3 ways to safeguard identity and insurance in the age of AI

Narratives are constantly emerging of how people and devices both in the digital and physical world are being manipulated by generative AI. This is a threat to the economy at-large, and it is becoming a larger problem that insurance companies cannot ignore. Insurance policies are essential shock absorbers in many industries and without them, many businesses will not be able to survive generative AI-induced crises.  Insurance companies cannot ignore this threat from generative AI. It’s…

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Insurance Claim Contact Center Collaboration – Digital Customer Experience Then and Now

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Insurance Claim Contact Center Collaboration – Digital Customer Experience Then and Now

Think of how much digital channels and the contact center have evolved. Those who experienced “then” and “now” first-hand in the Insurance Claim business might be even more amazed at the profoundly positive impact of technology on customer experience, omnichannel collaboration, and the end-to-end claim operating model. With AI and generative AI rapidly taking shape for tangible business use, we are at an inflection point…a time of significant change in this business. That was Then…

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Ensure service account security is top priority this holiday season

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Ensure service account security is top priority this holiday season

Security teams have long been aware of the risks associated with service accounts and how they can constitute a major threat to businesses. Although businesses are aware of the risks associated with service accounts, protecting them from malicious actors has not been a priority until recently. As we know from years past, the holiday season is a popular time of year for threat actors to try new tricks to break into an organization’s network. Now…

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Takeaways from Cisco at InsureTech Connect 2023

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Takeaways from Cisco at InsureTech Connect 2023

InsureTech Connect (ITC) 2023, the premier conference for the insurance technology industry, brought together 9,000+ innovators, leaders, and solution providers to Las Vegas in early November to explore the latest trends, technologies, and disruptions in the insurance technology space. Cisco’s ITC 2023 booth was dedicated to showcasing Webex Connect – a Communications Platform as a Service (CPaaS) solution that transforms business messaging into a powerful tool for insurers. Thus, along with a few Cisco colleagues,…

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Senators introduce cybersecurity insurance act for small businesses

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Senators introduce cybersecurity insurance act for small businesses

Senators introduce cybersecurity insurance act for small businesses | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website…

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Cyber insurers are starting to require lateral movement defense. Here’s why

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Cyber insurers are starting to require lateral movement defense. Here’s why

<!– Cyber insurers are starting to require lateral movement defense. Here’s why | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn…

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Marcia Calleja-Matsko named CIO at OneDigital

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Marcia Calleja-Matsko named CIO at OneDigital

Marcia Calleja-Matsko named CIO at OneDigital | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy…

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Julian Enoizi named Global Head of Public Sector at Guy Carpenter

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Julian Enoizi named Global Head of Public Sector at Guy Carpenter

Julian Enoizi named Global Head of Public Sector at Guy Carpenter | Security Magazine This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more….

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