Articles about Insurers

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What Brexit means for you as a motorist

The UK has voted in favour of leaving the European Union and in the past few days the markets have reacted violently, plunging the pound to its lowest level against the US dollar since the mid-1980s. Nobody’s really sure what the future holds for the UK or for its economy, but the referendum result has gone against the wishes …
Ryan McElroy, 29 Jun 2016
Hippie peace, image via Shutterstock

Happy mode, sad mode, DevOps mode: Stop worrying and go bimodal

There’s a debate going on right now about the best way to run IT: specifically, all those custom applications and services inside organizations. Do we try new, agile approaches, or stick to the old, methodical processes? Gartner did much to start this discussion with their bi-modal concept: Bimodal IT is the practice of …
Michael Coté, 15 Jun 2016
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Insure against a cyberwhat now? How the heck do we crunch those numbers?

The head of a UK industry insurance organisation has called for the government to create a database where companies would be obliged to “record details of cyber attacks”. Insurers are struggling to assess premiums for newly introduced cyber insurance policies in the absence of background info, according to the head of the …
John Leyden, 24 May 2016
Trillian chats to a depressed Marvin the Robot in the 2005 film version of Hitchhiker's Guide to Galaxy. C Walt Disney Pictures

Food for Deep Thought: 42 is IBM's answer to Life, the Universe and Everything...

Analysis Deep Thought calculated the number 42 to be the Answer to the Ultimate Question of Life, the Universe and Everything. Over at IBM it was the frequency the word "transform" was used to explain another dire quarter. The supercomputer in The Hitchhiker's Guide to the Galaxy took 7.5 million years to determine the importance of …
Paul Kunert, 29 Apr 2016
DAve_Richards

WANdisco boss: 'We're seeing a humongous movement to the cloud'

+Comment WANdisco has active-active replication technology that's been used for disaster recovery and other business continuity-type uses. That's all well and good but not epoch-making or associated with major disruptions ... until now. If what WANdisco CEO and cofounder Dave Richards says is true, the entire on-premises IT …
Chris Mellor, 03 Mar 2016
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Firms must ensure shared service suppliers have 'sufficient financial resources'

Banks, building societies and investment firms must ensure that technology companies providing critical shared services have "sufficient financial resources" to overcome financial problems, a UK regulator has said. The Prudential Regulation Authority (PRA) said that before they outsource critical shared services firms must …
OUT-LAW.COM, 24 Dec 2015
Ashlee Vance, Elon Musk: How the Billionaire CEO of SpaceX and Tesla is shaping our Future

SpaceX starts nine-day countdown to first flight of the new Falcon

SpaceX is back in the orbital delivery game, with the first launch since its explosive mishap in June. Aiming for Falcon rocket static fire at Cape Canaveral on the 16th and launch about three days later — Elon Musk (@elonmusk) December 10, 2015 It has been a rocky six months for Elon's Musketeers since the June explosion, …
Iain Thomson, 10 Dec 2015

Target settles with banks for $40m after data breach

Retail giant Target has agreed to shell out $39.4m to banks and credit unions who had pursued the company following losses suffered after an enormous data breach. Target has now resolved the class-action claims following lenders seeking to hold the company to account for reimbursing defrauded customers. $20.25m will be paid to …
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How cyber insurance actually works

A couple of weeks ago El Reg carried an article by Mark Pesce about the likely evolution of Cyber Insurance. Reg reader and insurance industry veteran Tom Whipp agreed with most of his sentiments, but wasn’t so keen on his conclusions and demanded his stint on the Reg soapbox. So, take it away Tom. I’ve worked in security and …
Tom Whipp, 23 Nov 2015

FCA paves way for cloud computing in UK financial services

The Financial Conduct Authority (FCA) has paved the way for banks, insurers and other financial services companies to take advantage of cloud computing services, so long as "appropriate safeguards" are in place, said one commentator. In proposed new guidance on cloud and other IT outsourcing (PDF), the regulator said there is …
OUT-LAW.COM, 17 Nov 2015
hacker

US, UK big banks to simulate mega-hacker cyber-attack

A mock exercise will take place this month to test how major banks respond to a major cyber attack, according to a newspaper report. The joint UK and US initiative, Operation Resilient Shield, will be "the most sophisticated test … yet" of the way industry communicates and coordinates its efforts in response to cyber security …
OUT-LAW.COM, 05 Nov 2015

UK finance sector: IT security testing 'becoming close to mandatory'

Regulators are nearly at the point of requiring major financial services companies to participate in a cyber security testing programme, according to the Bank of England. Minutes from a meeting of the Bank's court of directors on 16 September (10-page / 45KB PDF) provide detail of some of the efforts being taken to improve " …
OUT-LAW.COM, 30 Oct 2015
Google car

Insurance companies must start buying security companies

The Insurance industry encompasses a very odd paradox: it wouldn’t exist without risk, yet does everything in its power to remove any risks for its policy-holders. Insurers only make money if they don’t pay out, and they won’t pay out if they can keep you from doing any of the things they’ve identified as risky. We’re already …
Mark Pesce, 29 Oct 2015
The Mosque at the Taj Mahal, shot from within the Taj Mahal through the marble screens

Microsoft flicks switch for three Azure bit barns in India

Microsoft's Azure cloud services have a new region: India. The House That Gates Built now has functioning bit barns in the central Indian city of Pune, Chennai and Mumbai. As of today, the three bit barns are open for Azure business. Later in October Office 365 will start to operate from India and in the first half of 2016 …
Simon Sharwood, 20 Oct 2015

Inside Mandiant's biggest forensics breach battle: Is this Anthem?

Cyber Defence Summit Four researchers from American cybersecurity firm Mandiant have engaged in an eight-month epic battle against hackers behind one of the biggest breaches of this year. The quartet is not saying who the victim is, nor identifying the attackers. However, it is at the level of, and very-well could be, health insurers Anthem or …
Darren Pauli, 15 Oct 2015
Diane Keaton and Woody Allen in Sleeper

UK drivers left idling as Tesla rolls out Autopilot in US

Updated Tesla has offered to make its customers more confident drivers by allowing them to hand over control of their vehicles to software. The manufacturer started pushing its Autopilot technology to its Model S motors with its Tesla Version 7.0 software yesterday - in the US anyway. Autopilot will take advantage of tech built into …
Joe Fay, 15 Oct 2015
Speed

Top telematics: Black box helps driver swerve speeding fine

Motoring campaigner Neil Herron has beaten a mobile police speed trap rap by using the threat of revealing his own GPS-based telematics data in court. The incident took place in January 2014, when Herron was stopped by a police patrol who were using a Tele-traffic LTI 20:20 Ultralyte 1000 infrared laser gun. (PDF datasheet) …
Simon Rockman, 07 Oct 2015

Techie finds 1.5 MEELLION US medical records exposed on Amazon's AWS

The private health records and contact information for as many as 1.5 million Americans have been found out in the open on Amazon's cloud services. It has been claimed that the names, addresses, and phone numbers, along with biological health information including existing illnesses and current medications, were posted in the …
Darren Pauli, 21 Sep 2015
Google car

Batteries on wheels are about to reshape our cities and lives

In the lobby of the hotel hosting a recent (and somewhat panicked) summit of the leaders of Australia’s automobile industry, someone had parked a vast, black Volvo SUV. Why give a car that’s not manufactured in Australia (and never will be) such star billing? On the first weekend in November, that car - Volvo’s XC90 - will be …
Mark Pesce, 10 Sep 2015
Unicorn. Detail from Domenico Zampieri fresco in Rome

Tech bubble? Pah. IPOs just return cash to early-stage investors

Worstall on Wednesday A internal presentation from Andreessen Horowitz aimed at its limited partners, that has to be taken with the appropriate shovelful of salt, has emerged – and the insights it reveals into the “tech bubble” are absolutely fascinating. U.S. Technology Funding -- What's Going On? from a16z Take it with a shovelful of salt …
Tim Worstall, 08 Jul 2015
Register Roundtable at the Soho hotel

CISOs' newest fear? Criminals with a big data strategy

CIO Manifesto We again gathered an eclectic mix of IT execs including some CISOs, CTOs etc, in a secret bunker to discuss whether we’re winning the security battle. OK, the “bunker” was a meeting room under the Soho Hotel, but not only are we not winning, it is not even clear what winning actually means. On Target Our IT execs happily …
Dominic Connor, 19 Jun 2015

Google-owned smart-gumble-maker Nest snubs Google's smart-gumble OS Brillo

Pics Smart-tech poster child Nest has revamped two of its three products and updated its app to better integrate all three. At a launch event on Wednesday in San Francisco, CEO Tony Fadell said his company's products would be "doing more together than they can independently." A slimmer, better Nest Protect smoke and carbon monoxide …
Kieren McCarthy, 17 Jun 2015

Insurer tells hospitals: You let hackers in, we're not bailing you out

When hackers swiped 32,500 patient records from Cottage Healthcare System, it was sued by its own customers for $4.1m – a bill that was settled by its insurers. Now the insurance company, Columbia Casualty Company, has claimed Cottage's computers were hopelessly insecure, and it wants its money back. Columbia claims the …
Shaun Nichols, 28 May 2015
Crop of doctor with pen and clipboard

WHOOPSIE! Vast US health insurer CareFirst plundered of 1.1 MEELLION records

More than 1.1 million user records have been compromised following a hack against US health insurer CareFirst BlueCross BlueShield. Data including members’ names, birth dates, email addresses and subscriber identification numbers may have been stolen by hackers as a result of a security breach last July. The hack was only …
John Leyden, 21 May 2015
Asigra RLM small

It's all got complicated: The costs of data recovery

Data protection companies have multiplied in the past 10 years and they are locked in a bitter battle for market share. Before Amazon arrived on the scene, the main options were owning all links in the data protection chain or renting or leasing appliances, with or without attached offsite services. Thanks to Amazon-style …
Trevor Pott, 06 Apr 2015

Big Blue to give car insurers IoT peeking powers

IBM has announced it will spend US$3 billion over four years on a new internet of things business unit. The company reckons the internet of things label now applies to all the the smart city stuff it did for water and traffic management applications in recent years. The idea seems to be to take that work, sprinkle on a little …
Simon Sharwood, 31 Mar 2015
Keep out sign with deleted expletive

US watchdog: Anthem snubbed our security audits before and after enormous hack attack

A year or so before American health insurer Anthem admitted it had been ruthlessly ransacked by hackers, a US federal watchdog had offered to audit the giant's computer security – but was rebuffed. And, after miscreants looted Anthem's servers and accessed up to 88.8 million private records, the watchdog again offered to audit …
Shaun Nichols, 05 Mar 2015
Disney's Beagle Boys

Glad you're not on the Anthem hacker hit list? Not so fast – millions more affected

US health insurer Anthem now says that the recent security breach that exposed the personal data of tens of millions of its customers also affected people who never did business with the firm. That's because Anthem's database included data not just for customers of Anthem-run Blue Cross Blue Shield healthcare plans, but also …
Neil McAllister, 24 Feb 2015
Sony Pictures

Sony hack was good news for INSURERS and INVESTORS

Whoever hacked Sony Entertainment at the end of November changed information security forever. Where once hackers had been most concerned to gain access to the honeypots of credit cards and bank accounts, this theft had a different goal, one that became clear with the steady release of Sony’s most intimate secrets throughout …
Mark Pesce, 15 Jan 2015

Burglars' delight no more: Immobilise UK secures property list

Security flaws that left millions of records on the Immobilise UK National Property Register website wide open to snooping have been identified and removed. Security consultant Paul Moore uncovered flaws that meant it was possible to access other members' records. The Immobilise site allows consumers to add details of valuables …
John Leyden, 07 Jan 2015

Healthcare: Look anywhere you like for answers, just not the US

Worstall @ the Weekend A few weeks back I pointed out that the US has the second largest social welfare system in the world. This produced a certain amount of pushback (journalistic speak for me whining to El Ed that you commentards are shouting at me) over the fact that a good part of that is the woeful healthcare system in said US. So, as the New …
Tim Worstall, 04 Jan 2015
App Magnets

Remember that Big Blue Apple? Biz apps for iPads are here

The fruits of Apple and IBM’s enterprise software alliance were today plucked and displayed for the world to see: a bunch of apps ported to iOS that target corporate buyers of iPad and iPhones in specific vertical industries. In the first tranche of Big Blue developed MobileFirst “made for business” apps and “supporting” cloudy …
Paul Kunert, 10 Dec 2014

Australian Government funds effort to secure wearable data pulses

Wearable health devices could feed Australians' health data into official databases to improve diagnosis under security research funded by the Federal Government. The researchers want to find ways to secure wearable consumer devices and validate the identity of users in order to enable health practitioners to trust data feeds …
Darren Pauli, 02 Dec 2014

Toshiba Australia recalls combustible laptop power cords

Toshiba Australia has issued a recall notice for the power cord it supplied with laptops sold in Australia between 1st September 2010 and 30th June 2012. The recall notice says the “'LS-15' labelled AC Power cord” was built with “electrical insulation [that] may degrade over time”. If that happens, there's “potential to …
Simon Sharwood, 25 Nov 2014
Files

UK.gov teams up with moneymen on HACK ATTACK INSURANCE

+Comment The UK government last week partnered with 12 insurance companies to develop the "cyber-insurance" market. But experts are split on whether encouraging the development of the nascent market will result in the adoption of improved security practices. Cabinet Office Minister Francis Maude said that while cyber insurance adds an …
John Leyden, 13 Nov 2014
Range Rover Evoque Si4

Israeli ex-spies want to help you defend your CAR from cybercrooks

Security shortcomings in new cars could nurture a new branch of the infosec industry in much the same way that Windows' security failings gave rise to the antivirus industry 20 or so years ago, auto-security pioneers hope. Former members of Unit 8200, the signals intelligence unit of the Israel Defense Forces, have banded …
John Leyden, 05 Nov 2014
Apple iPad Air 2

iPad Air 2: Vulture chews on new Apple tablet

Review This year’s update to Apple’s full-size iPad looks like a minor one. With headline changes like a Touch ID sensor, a faster processor, and a further reduction in thickness and weight, it is tempting to write off the mods as a little window dressing to raise the iPad’s profile in time for the winter sales fest. Apple iPad Air 2 …
Richard Brenner, 28 Oct 2014
medical_doctor_health_channel

GP records soon wide open again: Just walk into a ‘safe haven’

The government is preparing to resume its GP patient data-sharing plan, even though its chief scientific advisor admits it can’t guarantee your privacy. The care.data initiative was put on hold in February – but it will shortly resume with two exciting new Orwellian additions to our vocabulary. In theory the GP data is …
Andrew Orlowski, 17 Oct 2014
Freescale Internet of Things car

PwC says US biz lagging in Internet of Things

PricewaterhouseCoopers reckons the business end of the Internet of Things is going to hit its straps in 2015, reporting that 20 per cent of US businesses polled in its most recent Digital IQ Snapshot are putting money into sensors of some kind. Unsurprisingly, the industries most keen on sensors are industries already famous for …

Google Fit will slurp YOUR heartbeat, weight, blood pressure from gizmos

If you have a disease that you don't want anyone to know about, maybe you shouldn't have it in the first place. Google's exec chairman Eric Schmidt hasn't come out with anything quite so astonishingly insensitive yet – but it can only be a matter of time, since the web giant now wants to become the world's aggregator of health …
Amazon founder and CEO Jeff Bezos

Feds: Amazon cloud can be used for healthcare data

The US government will let healthcare insurers store sensitive data in the Amazon Web Services cloud, raising hackles among companies that had already bought on-premise kit. The US Centers for Medicare and Medicaid Services announced on a conference call last week that healthcare insurers will be able to feed healthcare data …
Jack Clark, 05 Jun 2014
Cat yawning

Bankers don't just blow cash on bonuses, they also spaff ££££s on IT

The banking industry - on average - coughed the highest margins for technology in 2013, doubtless indicating that champagne-guzzling fatcats drunk on bonuses were the ones in charge of purchasing. A survey of 200 procurement and ICT managers in 12 sectors with annual budgets over £50k and based on some 150,000 products showed …
Paul Kunert, 28 Apr 2014

Care Bears... share: NHS England promises to heal careless data-sharing plans

NHS England is still reeling from accusations that the health service – among other things – allowed a consultancy outfit to pump sensitive patient data onto Google servers. Critics have argued that the apparently carefree and careless approach to sharing hospital records with private companies simply highlighted that a …
Kelly Fiveash, 06 Mar 2014

Energy firms' security so POOR, insurers REFUSE to take their cash

Underwriters are reportedly refusing to insure energy firms because poor security controls are leaving them wide open to attacks by hackers and malware infestations. Lloyd's of London told the BBC they had seen a surge in requests for insurance from energy sector firms but poor test scores from security risk assessors means that …
John Leyden, 27 Feb 2014

NHS England tells MPs: 'The state isn't doing dastardly things with GP medical records'

NHS England's bosses and the government's health minister came under fire from MPs on Tuesday afternoon over the fudged and delayed plan to store patients' GP-held medical records with other data kept by hospitals in a centralised database. Tim Kelsey, the health service's patients and information national director, admitted …
Kelly Fiveash, 26 Feb 2014
management procure6

Dixons Retail and Carphone Warehouse mull merger

Dixons and Carphone Warehouse (CPW) today confirmed they are locked in negotiations that may or may not lead to a merger. "These discussions are at a preliminary stage and there can be no certainty that a transaction will be forthcoming," the pair said in a joint statement this morning. As such, no decision has been made …
Paul Kunert, 24 Feb 2014
Man in an orange jumpsuit clutches prison bars. Image by Shutterstock

Bosses to be banned from forcing new hires to pull personal records

Forthcoming changes to the law will prevent employers, insurers and other organisations from forcing individuals to access personal data held about them by others and reveal the results to the party requesting that information, the data protection watchdog has warned.19 Feb 2014 Changes to the Rehabilitation of Offenders Act, …
OUT-LAW.COM, 21 Feb 2014

Misco set to snap up Phoenix's network ops centre AND its staff

Phoenix IT Group is set to offload its network operations centre in High Wycombe to Misco, TUPEing across staff in the process. The lease on the building is expected to be assumed by direct marketing reseller Misco, which, under the guidance of former Dell exec Pim Dale, is trying to rely less on tin shifting by building a …
Paul Kunert, 14 Feb 2014

Small-biz bosses: Want staff plans from Obama Care site? See ya in 2014!

The beleaguered US HealthCare.gov portal has been dealt yet another setback: small-business owners will not be able to use the medical insurance marketplace to buy plans for staff for another year. Known as the Small Business Health Options Program (SHOP), the service was supposed to be used by small companies with fewer than 50 …
Shaun Nichols, 27 Nov 2013

WTF is the Internet of Things and how insurers will use it against you

Sysadmin Blog What is "the internet of things" and why should we care? Put simply, the internet of things is a catch-all term for ultra-low-power embedded devices that mostly consist of sensors and control systems. This market segment is expanding rapidly; devices falling into this category will soon outnumber all other types of computers …
Trevor Pott, 27 Nov 2013