Data security

Just as cyberattackers appear to be applying the technology to create identities for fraudulent claims, insurers are beginning to talk about how to deploy it to defend against this threat. Gartner, American Family and the Intentional Futures consultancy describe these developments.

Life insurers can only maintain policyholder' trust if holistic cybersecurity solutions are put in place.

Online information creates new opportunities to identify fraud while fraudsters use technology to challenge claims workflows.

The vast majority of damages from last month's CrowdStrike Holdings Inc.'s global IT outage will go uninsured, according to new estimates from Guy Carpenter and CyberCube Analytics Inc.

Humana expands partnership with Google; Arch acquires Allianz MidCorp and Entertainment insurance business; Coalition introduces active cyber insurance in Germany and more insurtech news.

Tamar Shapiro will join MetLife as chief data and analytics officer and Dan Antilley will be the chief information security officer.

The CrowdStrike update debacle continues as businesses file claims under their cyber and insurer Parametrix estimates $5.4B in losses.

A failed software update affected businesses worldwide, but what role will insurance play in covering the anticipated losses?

Marsh, the world's largest insurance brokerage, said that dozens of its clients are preparing to file claims in the wake of a global computing outage that disrupted airlines, banks and government agencies.

In today's hybrid work environment, companies must consider the impact of cyber risks and equip their teams accordingly.

Disputes about insurance liability for cybersecurity software failures bring up possibilities for public policy and regulation.

A cyber breach can cost the average U.S. business $9.48 million and affect its reputation.

Insurers that provide services within the EU or partner with EU-based financial services firms or vendors must comply with the Digital Operational Resilience Act if they exceed the applicable threshold.

Complexities in coverage that is offered, along with cost, keeps some from having adequate or even any coverage.

Recent high-profile incidents show how cybercrime crews are increasingly turning to more sinister techniques to try to bend major companies to their will, abetted by new technology.

Adam Lantrip, SVP, professional and cyber solutions practice leader at CAC Specialty, shares how businesses can defend themselves and ensure adequate coverage in the event of a breach.

Boateng will lead the organization's cyber risk management strategies.

UnitedHealth Group Inc.'s claims that it had made progress fixing some systems in the weeks after a crippling cyberattack frustrated state health officials who said they were still having problems.

MassMutual's new head of product and Beazley's head of U.S. cyber, plus more career moves.

The hacking group accused of disrupting casinos and hotels at MGM Resorts International last year is engaged in a new campaign targeting banks and insurance companies, according to cybersecurity researchers.