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Madrona backs WaFd Bank spinout developing consumer software for regional banks

GeekWire

A new banking software startup spun out of Washington Federal Bank (WaFd) wants to help digitize consumer-facing products used by regional banks across the U.S. The idea was to help develop and deploy new software at a faster rate. Many banks are hesitant to make a transition from their current software provider.

Banking 117
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Impact of technology on insurance industry

Hacker Earth

Like every other industry, the global insurance sector, worth over $5 trillion, has undergone an immense overhaul because of disruptive technologies in recent years. According to PwC’s 2017 Global InsurTech Report, the challenges the insurance industry faces in their ability to innovate are. Talent (87%). IT security (53%). Blockchain.

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Patient Portal Puts a Spotlight on Secure Messaging

CTOvision

Given the Health Insurance Portability and Accountability Act (HIPAA) requirement for secure communication of Protected Health Information (PHI), a spotlight has been placed on the support for secure messaging. Secure Messaging Requires Authentication and Secure Networks. Patient Portal and Messaging Authentication.

Security 267
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University of Michigan Cyber Incident Causes Internet Outage

SecureWorld News

This incident is a reminder that no organization is immune to cyberattacks," said David Derigiotis, Chief Insurance Officer at Embroker. Regularly updating software: Software updates often include security patches that can help to protect systems from known vulnerabilities.

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Cigna Health Data Leak Exposes Massive Provider Information Database

SecureWorld News

In a recent revelation, security researcher Jeremiah Fowler uncovered a significant data leak affecting one of the United States' largest health insurance companies, Cigna Health. The exposed database offered a unique glimpse into the operations of Cigna Health, one of the nation's largest health insurance providers.

Data 93
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Passwordless MFA for Customers: How to Fortify Security without Introducing Friction

CIO Business Intelligence

Password-based authentication is likely the most widely used method of authenticating users to online services. Password-based authentication is used because it is easy to understand and implement. They provide multifactor authentication (MFA) without the usual burden on the user. on a user’s other online accounts.

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NASCO data breach exposes 800k users

Dataconomy

NASCO, which handles benefits administration for Blue Cross and Blue Shield health insurance customers, fell victim to this attack on their MOVEit Transfer software. This software is used for file exchanges and was attacked by threat actors linked to Russia.

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