Collaborate Disseminate
Kashmir Hill has a really good article on how GM tricked its drivers into letting it spy on them—and then sold that data to insurance companies.
Continue reading Long Article on GM Spying on Its Cars’ Drivers
56% of all 2023 claims were a result of funds transfer fraud (FTF) or business email compromise (BEC), highlighting the importance of email security as a critical aspect of cyber risk management, according to Coalition. The 2024 Cyber Claims Report is … Continue reading 56% of cyber insurance claims originate in the email inbox
A major shift in how cyber insurance works started with an attack on the pharmaceutical giant Merck. Or did it start somewhere else? In June 2017, the NotPetya incident hit some 40,000 Merck computers, destroying data and forcing a months-long recovery process. The attack affected thousands of multinational companies, including Mondelēz and Maersk. In total, […]
The post How will the Merck settlement affect the insurance industry? appeared first on Security Intelligence.
Continue reading How will the Merck settlement affect the insurance industry?
Kasmir Hill has the story:
Modern cars are internet-enabled, allowing access to services like navigation, roadside assistance and car apps that drivers can connect to their vehicles to locate them or unlock them remotely. In recent years, automakers, including G.M., Honda, Kia and Hyundai, have started offering optional features in their connected-car apps that rate people’s driving. Some drivers may not realize that, if they turn on these features, the car companies then give information about how they drive to data brokers like LexisNexis [who then sell it to insurance companies]…
Continue reading Automakers Are Sharing Driver Data with Insurers without Consent
Roku users are revolting after their TVs are bricked by the company, we learn how to make money through conspiracy videos on TikTok, and just how much is your car snooping on your driving?
All this and much much more is discussed in the latest editi… Continue reading Smashing Security podcast #363: Stuck streaming sticks, TikTok conspiracies, and spying cars
In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The malware ultimately infected more than 40,000 of Merck’s computers, which significantly disrupted the company’s drug and vaccine production. After Merck filed its $700 million claim, the pharmaceutical giant’s insurers argued that they were not required to cover the malware’s damage because the cyberattack was widely attributed to the Russian government and therefore was excluded from standard property and casualty insurance coverage as a “hostile or warlike act.”…
In this Help Net Security video, Tyler Adams, CEO at CertifID, illustrates how the real estate sector needs to invest significant effort in educating consumers and implementing protective measures to safeguard real estate transactions. Recent CertifID … Continue reading Wire fraud scams escalate in real estate deals
Two US insurance companies are warning that thousands of individuals’ personal information may have been stolen after hackers compromised computer systems.
Read more in my article on the Hot for Security blog. Continue reading US insurance firms sound alarm after 66,000 individuals impacted by SIM swap attack
In this Help Net Security video, Marcus Bartram, General Partner at Telstra Ventures, discusses his 2024 cybersecurity predictions: The U.S. will be in a recession by Q4 2024, and tech companies will continue reducing their workforce. Still, VCs will b… Continue reading Cyber budgets and the VC landscape in 2024
91% of banks and insurance companies have now initiated their cloud journey, a significant increase from 2020, when only 37% of firms had embarked on their cloud transformations, according to Capgemini. However, this high rate and its corresponding inv… Continue reading Data security and cost are key cloud adoption challenges for financial industry