Hackers Strike Again: Over a Million Allianz Customers’ Data Compromised by ShinyHunters In a digital age where data is king, cybersecurity breaches have become all too common, leaving individuals and companies vulnerable to the malicious intent of hackers. The recent breach of over a million Allianz customers’ data has once again brought to light the […]
Hanwha and Samsung lead Korea’s cyber insurance push
Hanwha and Samsung Lead Korea’s Cyber Insurance Push In a digital age where cyber threats loom large, the importance of cybersecurity measures cannot be overstated. Despite the escalating risks associated with cyberattacks, only a mere 2.7 percent of Korean firms currently hold cyber insurance. This glaring protection gap has prompted industry leaders such as Hanwha […]
Allianz breach affects most US customers
Allianz Breach Affects Most US Customers Allianz, a global leader in insurance and financial services, recently made headlines as news broke of a data breach affecting a significant number of its US customers. While the company has reassured the public that its core systems remain uncompromised, the breach has undoubtedly raised concerns among those impacted. […]
AI can reshape the insurance industry, but carries real-world risks
AI Can Reshape the Insurance Industry, but Carries Real-World Risks Artificial Intelligence (AI) has been making waves across various industries, and the insurance sector is no exception. With its ability to process vast amounts of data, identify patterns, and make predictions, AI has the potential to revolutionize how insurers assess risk, detect fraud, and streamline […]
Experts gather in Malta to address digital risks in insurance
AI and Cyber Insurance in Focus at High-Level Talks in Malta Malta, a bustling hub for innovation and technology, recently played host to a gathering of experts in the insurance industry. The focus of the event? The intersection of artificial intelligence (AI) and cyber insurance, two topics that have been making waves in the ever-changing […]
Hackers leak data from Indian software firm in major breach
Cybersecurity Breach Exposes Data from Indian Software Firm, Continuing Trend of Targeted Attacks on Insurers In a recent cybersecurity breach, hackers successfully infiltrated an Indian software firm, exposing sensitive data and adding to a concerning trend of cyber incidents targeting India’s insurers. This breach comes on the heels of a major leak at Star Health […]
EU watchdog pushes for strict capital rules on insurers’ crypto holdings
EU Watchdog Proposes Tighter Capital Rules for Insurers’ Crypto Holdings The European Insurance and Occupational Pensions Authority (EIOPA) has recently put forward a bold proposal that could significantly impact insurers’ approach to cryptocurrencies. The proposal suggests imposing stricter capital requirements on insurers for their crypto holdings compared to traditional assets like stocks and real estate. […]
Allstate sued by Texas over alleged driver tracking
Allstate Faces Legal Action in Texas for Alleged Driver Tracking In a surprising turn of events, Allstate, one of the leading insurance companies in the United States, has found itself in hot water in Texas. Prosecutors in the Lone Star State have accused Allstate of secretly collecting driver data through mobile apps and vehicle manufacturers, […]