IT
Technology Is Moving Fast; Can Insurers Keep Up?
As evidenced by the recent popularity of generative AI tools, the tech landscape in insurance seems to be moving at an increasingly fast pace. "The AI space as a whole is moving faster than I think ...
Report: Stolen Identities Top Cyber Security Threat
Stolen identities lead to massive breaches, costing businesses an average of $9.4 million per breach in 2022, a new report by ForgeRock found. Its identity breach report found that 1.5 billion ...
Low-Tech Cyber Attacks Took Advantage of Fixable Vulnerabilities in 2022: Coalition
Outdated technology, poor software maintenance, and the dreaded clicking of a malicious link were most to blame for cyber insurance claims experienced by policyholders in 2022, according to a new ...
Hackers to Test AI Limits at Mass Event
No sooner did ChatGPT get unleashed than hackers started "jailbreaking" the artificial intelligence chatbot—trying to override its safeguards so it could blurt out something unhinged or obscene. ...
How Insurers Can Harness the Power of AI
There is a lot of talk about the insurance industry being slower to adopt new technologies such as artificial intelligence, but Counterpart CEO Tanner Hackett and Socotra CEO Dan Woods both agreed on ...
Cybersecurity Fail: Top 10 Passwords Used by the Insurance Industry
Despite cybersecurity experts' repeated warnings, the insurance sector, along with other industries, is not doing a great job when it comes to creating secure passwords, says new research by password ...
Preventing DDoS Attacks in the Global Insurance Sector
Every year (and at times, every month), cybercriminals continue to adapt their attack methodology, and businesses in the insurance sector need to be especially vigilant of the current threat ...
Cyber Insurance Market Back From Brink After Onslaught of Ransomware Attacks
The cyber insurance market, battered by a rash of pandemic-era ransomware attacks, is making a comeback. Price hikes are moderating, new carriers and fresh sources of capital are emerging, and ...