As more organizations continue to apply and use artificial intelligence (AI) within their systems, the technology is expected to play “a crucial role in enhancing both efficacy and efficiency in addressing new challenges,” says Rajeev Gupta, Co-founder and Chief Product Officer, Cowbell.
Tag: cybersecurity
Detection and Response Tools Increasingly Important As Cyber Claims Surge: Allianz
Following two years of high but stable loss activity, 2023 has seen a worrying resurgence in ransomware and extortion claims as the cyber threat landscape continues to evolve, Allianz Commercial warns in a new report.
Marsh Launches Global Cyber Practice
Marsh today announced the launch of a new Marsh Specialty global cyber practice that integrates all of its cyber capabilities across insurance, risk intelligence, incident management, and cybersecurity around the world.
Ultimate Risk Services’ “Grow Your Agency Program” Increases Revenue, Retention
Philadelphia-based Ultimate Risk Services (URS), a leader in cybersecurity and workplace safety solutions, is pleased to announce the onboarding of several forward-thinking insurance agencies to our cutting-edge “Grow Your Agency” program that increase revenues, retention, and differentiation.
Ultimate Risk Services to Lead Panel Discussion in Free Webinar on Cybersecurity Trends October 17
Learn about current cybersecurity issues and trends, and gain actionable insights and strategies to navigate the changing cybersecurity landscape. Register for free website on Cybersecurity Trends, Tuesday, October 17, 11:00am-12:00pm EST.
MGM Expects Q3 Profit to Take $100M Hit from Cyberattack
The recent cyberattack that caused many services at MGM Resorts International to be unavailable is expected to reduce its third-quarter profit by $100 million, according to the company’s 8-K filing on Thursday. The negative impact is expected predominantly in its Las Vegas operations but will have a minimal impact during the fourth quarter.
C-Suite Leaders to Boost Cybersecurity Compliance Amid SEC Disclosure Rule: Deloitte
Almost two-thirds of executives at publicly traded companies will strengthen their cybersecurity programs following the new Securities and Exchange Commission rule that requires companies to report material incidents within four business days, according to a Deloitte poll released Tuesday.
Chubb and SentinelOne® Partner to Enhance Cyber Risk Management
Chubb, the world’s largest publicly traded property & casualty insurance company, is collaborating with SentinelOne, a leader in cybersecurity, to streamline cyber risk management practices for U.S. businesses.
Cybersecurity Spending Grows
Cybersecurity budgets have largely been protected from the worst consequences of economic uncertainty, but have hardly been untouched by wider trims to company spending.
NAIC Releases Draft Model Bulletin on Insurers’ Use of AI Systems
The Innovation, Cybersecurity and Technology (H) Committee of the National Association of Insurance Commissioners (NAIC) has recently released a draft model bulletin that outlines regulatory expectations for insurers’ use of artificial intelligence systems (AI Systems).