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Peak Preparedness: How Technology Allows Insurers to Manage Sudden Changes in Demand

CIO Business Intelligence

When the COVID-19 pandemic hit, it shook every industry to the core, but especially and dramatically affected health insurers. Deluged with calls and questions about rapidly changing health guidelines and coverage, insurers had to quickly revamp their systems to provide updated information.

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Complying With Health Insurance Portability and Accountability Act (HIPAA) Security Rules

CTOvision

The post Complying With Health Insurance Portability and Accountability Act (HIPAA) Security Rules appeared first on CTOvision.com. Entering the (Growing) Healthcare-Privacy Field (news.dice.com). The real reason hackers want your medical records (kernelmag.dailydot.com).

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Fed Tech Roundup August 3

CTOvision

The Technical Limitations of Lloyd’s Cyber Report on the Insurance Implications of Cyberattack on the US Grid. Banks And Insurance Companies Aware Of Cyber Risks: Opportunities Remain To Become More Resilient. DISA updates draft cloud security guidelines - GCN.com. Making sense of machine learning - GCN.com.

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New DHS Rules Aim to Enhance Visibility Across Critical Infrastructure

SecureWorld News

Having clear definitions gives cyber insurers a way to work with critical infrastructure on underwriting decisions based on these guidelines," Gallagher noted.

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6 African tech companies transforming the KYC landscape

CIO Business Intelligence

KYC guidelines, including government regulations, are meant to prevent unlawful access to the banking system and typically include anti-money laundering requirements such as verification of customers’ identity, and assessing their risk factors. KYC protocols also are used by a variety of companies to prevent fraud and theft.

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Seattle-area tech exec pleads guilty in scheme to obtain and launder $5.5M in PPP loans

GeekWire

submitted at least eight fraudulent PPP loan applications on behalf of six different companies to federally insured financial institutions. Under the terms of the plea agreement, prosecutors will recommend the low end of the federal sentencing guidelines range, according to the DOJ.

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Zhixiaobao 2.0: A possible leap in financial AI

Dataconomy

• Quick take: Ant Group aims to redefine financial advising and insurance services with the introduction of a specialized Large Language Model (LLM) and its customer-centric app, Zhixiaobao 2.0. The specialized language model is presently undergoing rigorous evaluations on Ant’s platforms dedicated to wealth management and insurance.