Combining security strategies could reduce the risk of fraud, which has only risen since the start of the COVID-19 pandemic. A new report suggests steps insurance carriers can take to ensure their security plan works to combat identity fraud.
Specific cases in Turkey, Chile, and the United States speak to a shift in riot and civil disorder risk, along with consequences for risk transfer decision-making. New sources of capital may be able to help communities prepare more effectively for post-event recovery.
IT executives and senior leaders are key drivers of success. For an organization to quickly realize a tech vision and reap the benefits of digitization, leaders must have cutting-edge technical knowledge, a shared vision for change and, most critically, a people-focused approach that empowers the organization now and in the future.
Insurance giant AXA S.A. has been hit by a massive ransomware attack, just days after announcing that it would no longer cover damage from that class of cyberattack in France. AXA said on Sunday that the cyberattack has targeted its Asia Assistance division, impacting IT operations in Thailand, Malaysia, Hong Kong and the Philippines.
Global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse customers for extortion payments made to ransomware criminals.
Cyberinsurance firm CNA Financial was reportedly hit by a possible cyberattack. The company is one of the largest insurance providers in the U.S.
The company's website is experiencing widespread network disruptions and employee services have been down for more than three days. CNA says it was hit by a sophisticated cyberattack and has engaged a team of third-party forensic experts to investigate and determine the full scope of this incident, which is ongoing.
In late August, the Orlando City Soccer Club played its first game since its games and operations shut down in the spring due to COVID-19. It was a great evening, says Robert Schnettler, who is Senior Director of Security and Guest Services for the club and Exploria Stadium.
TransUnion’s latest quarterly analysis of global online fraud trends found that fraudsters are decreasing their schemes against businesses, but increasing COVID-19 focused scams against consumers online.
Nonprofits Insurance Alliance (NIA) announced that Steven Salar has joined NIA as Chief Risk Officer (CRO) responsible for compliance, risk management, internal audit, employment risk consulting, loss control and member support.
