Data security

Cybersecurity is a major concern for insurers, with a recent shutdown at AFI due to suspicious network activity showing how close to home a cyber threat can be.

Nearly one-third of public companies are using artificial intelligence in their financial reporting, according to a new survey.

Pan American Life Insurance found unauthorized third-parties took files that included personal information.

Cyber insurance can provide peace of mind and affect customer acquisition and retention.

Insurance leaders need to address emerging challenges in API security.

Insurance carriers are potential targets for cybersecurity incidents but organizations look to them for best practices.

Digital Insurance asked ChatGPT what areas insurance carriers should prioritize related to cybersecurity.

While ransomware group Alphv/Blackcat claims to have orchestrated the incident, title insurance company Fidelity National Financial has not yet stated whether confidential data was compromised.

Tim Francis, enterprise cyber lead at Travelers, spoke with Digital Insurance about cybersecurity and steps businesses can take to reduce potential exposures.

The top five states have an average of 417.59 cybersecurity-related searches per month per 100k residents.

The top five states have an average of 603.94 cybersecurity-related searches per month per 100k residents.

A cyberattack at 12 MGM Resorts became a textbook case for cyber liability insurance.

The transaction is expected to close early next year.

The cost of a data breach has risen 15% over the last 3 years, and ransomware costs have jumped 13% in the last year.

While only 48% of startups believe they are likely to face a data breach or ransomware attack, the actual number affected is much higher.

The insurer detected unusual activity in the network last week.

Consent and preference management systems, catching on with insurance carriers to leverage customer data for marketing, have the potential to balance that with privacy regulation compliance, according to a Madison Advisors report.

Understanding what factors lead insurers to deny claims can help businesses avoid problems that could undermine their coverage.

A recent report from credit rating agency Moody's found organizations have increased their spending on cybersecurity by 70% over just four years.

Artificial intelligence is providing insurers with the tools they need to accurately model cyberattack scenarios and develop more precise risk assessments.