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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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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.

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We Need A National Cybersecurity Strategy That Everyone Can Implement

CTOvision

So here’s three things the nation can do to make it less vulnerable to cyber attacks: 1/ Implement 2-Factor Authentication. Basic: Implementing two-factor authentication is the simplest mitigation against credential theft. Or if stronger authentication would have lessened the DDoS attack on Dyn? 3/ Lockdown Servers.

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Effectively Manage All Endpoints, No Matter Where They Are Located

CIO Business Intelligence

For example, during the first weeks of the COVID-19 pandemic, cyber insurers had significant concerns about the security risks incurred with so many employees suddenly working from home. Improper storage or worse — a breach — could result in significant fines and damage to the company’s reputation.

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If You Drive A Car, Or Know Someone Who Does, You Must Read This…

CTOvision

If a manufacturer issues a notification that a software update is available, it is important that the consumer take appropriate steps to verify the authenticity of the notification and take action to ensure that the vehicle system is up to date. Ensure your vehicle software is up to date.

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North Korean Threat Actors Targeting Healthcare Sector with Maui Ransomware

SecureWorld News

Secure the collection, storage, and processing practices for PII and PHI, per regulations such as the Health Insurance Portability and Accountability Act of 1996 (HIPAA). Create and regularly review internal policies that regulate the collection, storage, access, and monitoring of PII/PHI.".

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Blockchain Technology Can Revolutionize Global Healthcare Systems

Galido

This can include user authentication, physician credentialing, coding, reimbursement, and records retention. The authenticity of a patient is determined by a patient’s medical record and their treatments. Lack of transparency in the healthcare sector has made it vulnerable to insurance and billing fraud.