Automakers Are Sharing Driver Data with Insurers without Consent

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]…

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Smashing Security podcast #363: Stuck streaming sticks, TikTok conspiracies, and spying cars

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

A Cyber Insurance Backstop

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.”…

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Wire fraud scams escalate in real estate deals

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

US insurance firms sound alarm after 66,000 individuals impacted by SIM swap attack

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

Cyber budgets and the VC landscape in 2024

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

Data security and cost are key cloud adoption challenges for financial industry

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

Nearmap’s Aerial Image Data and AI Is Streamlining How Insurers Can Rate and Price Risk in Australia

Aerial image and data intelligence firm Nearmap’s recent acquisition of Betterview will allow the company to make insurance decisions faster and speed up claims during natural disasters. Continue reading Nearmap’s Aerial Image Data and AI Is Streamlining How Insurers Can Rate and Price Risk in Australia

Russia’s 2nd-Largest Insurer Rosgosstrakh Hacked; 400GB of Data Sold Online

By Waqas
The hackers are selling the trove of data for $50,000 in Bitcoin (BTC) or Monero (XMR) cryptocurrency.
This is a post from HackRead.com Read the original post: Russia’s 2nd-Largest Insurer Rosgosstrakh Hacked; 400GB of Data Sold Online
Continue reading Russia’s 2nd-Largest Insurer Rosgosstrakh Hacked; 400GB of Data Sold Online

Ransomware cyber insurance claims up by 27%

Overall cyber insurance claims frequency increased by 12% in the first half of 2023, according to Coalition. Increase in ransomware claims frequency Coalition found that both claims frequency and severity rose for businesses in early 2023 across all re… Continue reading Ransomware cyber insurance claims up by 27%