Global Cyber Security Insurance Market Growth, Share, Size, & Industry Report, 2020-
ReleaseWire
DUBLIN (SBWIRE)
03/15/2021 Cyber Security Insurance Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The global cyber security insurance market is predicted to witness an upsurge in demand during the forecast period due to the strong presence of organizations and dependency on technology for storing private & confidential information, rising usage of the internet, and increasing cases of security breaches and digital frauds. Moreover, rising IT connectivity and the high adoption of technologies, such as Bid Data, cloud computing, artificial intelligence (AI), and IoT, in businesses and society will further boost the demand for cyber insurance security. Additionally, the strong adoption of cyber insurance products as a risk mitigation strategy in several end-users that include healthcare, banking, telecommunication, uti
Unemployment Benefits Fraud Could Top $200 Billion
Share Article
ID.me CEO tells the Identity Theft Resource Center® on the monthly “The Fraudian Slip” podcast that unemployment benefits fraud could top $200 billion.
ID.me CEO tells the Identity Theft Resource Center on the monthly “The Fraudian Slip” podcast that unemployment benefits fraud could top $200 billion SAN DIEGO (PRWEB) March 05, 2021 Today, the Identity Theft Resource Center® (ITRC), a nationally recognized nonprofit organization established to support victims of identity crime, released a new episode of The Fraudian Slip where ID.me Founder and CEO Blake Hall says he believes unemployment benefits fraud could top $200 billion (14:45 mark in the podcast). ID.me provides identity verification services to a majority of states in the wake of the unprecedented level of identity-related unemployment benefits fraud.
[author: Jane Anderson]
◆
The Florida Healthy Kids Corporation (FHKC), a Medicaid managed care plan, said one of its vendors, Jelly Bean Communications Design, experienced a security incident spanning seven years that involved “several thousand” Medicaid applicants. Jelly Bean Communications was responsible for hosting the Florida Healthy Kids website during the hacking incident, the managed care company said. “FHKC was notified on December 9, 2020, that several thousand applicant addresses had been inappropriately accessed and tampered with,” said a statement from the managed care company. “These addresses are collected as part of the online Florida KidCare application.” There is no evidence that any applicant’s personal information was removed from the system, according to FHKC. After an independent investigation, “cybersecurity experts identified significant vulnerabilities in the hosted website platform and the databases that support the online Florida KidCar
The Rising Significance of Risk Management David Montague, Senior Vice President, Enterprise Risk & Security, Expedia Group
David Montague, Senior Vice President, Enterprise Risk & Security, Expedia Group
The increase in online personal data digitization, sharing and availability, combined with a surge in unintended data exposures, is leading to increased regulation, larger fines, higher costs and complexity in risk management for everyone.
While new regional and governmental compliance requirements aim to minimize risks and make it easier for consumers to manage their personal information, these directives (e.g., GDPR, PSD2, digital taxation, etc.) require increased scale and complexity, driving up costs. In some cases, the growing concern about how businesses use personal data is leading to entirely new ways of looking at the use of this data across the enterprise, as well as with other business entities.
North Carolina County Rejects $2 4M Cyberattack Ransom govtech.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from govtech.com Daily Mail and Mail on Sunday newspapers.