Data Management

News

FBI Is Close to Finding Hackers in Anthem Health-Care Data Theft

By Chris Strohm

Federal Bureau of Investigation officials are still deciding whether to publicly reveal information about the attackers in one of the biggest thefts of medical-related customer data in U.S. history, Robert Anderson, the bureau’s executive assistant director for cybersecurity.

Anthem Hack May Have Involved Millions Who Aren’t Customers

By Shannon Pettypiece

Victims could includes millions of people who aren’t Anthem members, but used their Blue Cross or Blue Shield insurance in states, including Texas and Florida, where Anthem operates partnerships.

Underwriting: Where Insurance Data Really Pays Off

Swiss Re and Allianz Life are giving their underwriting staff robust analytics tools that drive costs down and improve the customer experience.

Guy Carpenter Appoints Head of International Analytics

By Chris McMahon

Matthew Eagle will be responsible for providing thought and resource leadership across the EMEA and AsiaPac regions and developing catastrophe modeling and analytics propositions.

Insurers Tackle Data Quality With Robust Management

Allstate and XL Group are among the growing number of insurers with executive teams devoted to cleaning and organizing data to facilitate enterprise analytics initiatives.

4 in 10 Insurers Have Been Breached in Past 3 Years

By Nathan Golia

However, research from the New York Department of Financial Services found that actual data loss is not a common outcome of compromised systems.

13% Increase in Cyber Security Spending Predicted

By Bob Violino

Widespread use of mobile devices is driving insurers and other financial services firms to increase spending to protect data.

Half of Insurers Boost Retention with Analytics

By Nathan Golia

Fifty-five percent of P&C insurers surveyed by Towers Watson said that predictive analytics implementations have had a positive effect on customer retention.

IBM Points to Hybrid Cloud Momentum

By Joe Panettieri

IBM is in transition mode -- pushing beyond traditional hardware, software and IT services to more aggressively promote cloud, mobile, social and big data offerings.

Microsoft Azure: Fastest-Growing Big Cloud Provider

By Joe Panettieri

Amazon Web Services now commands 28 percent of the cloud infrastructure market, followed by Microsoft, IBM, Google and Salesforce.com.

Anthem to Tell Customers Within Two Weeks If They Were Hacked

By Zachary Tracer

The costs to deal with the breach won’t hurt this year’s earnings outlook, in part because the company has its own insurance to cover such incidents.

Hacking Attack on Anthem's Insurance Network Won't Be Last: View

By Timothy Lavin and Michael Newman

Companies need to start encrypting personal information, especially important data such as Social Security numbers, and storing it more securely.

Anthem Hacked in ‘Sophisticated’ Attack on Customer Data

By Crayton Harrison

The information compromised includes names, birthdates, Social Security numbers, street and e-mail addresses and employee data, including income, Anthem said.

Big Data “Doesn’t Apply” to 27% of Insurers This Year

By Chris McMahon

Social, mobile, analytics, big data, cloud and digital strategy soon will be basic capabilities, and insurers that get bogged down in ROI studies could miss opportunities.

NAIC Tackles Insurers’ Cybersecurity

By Nathan Golia

The regulatory group has established a task force to evaluate the insurance industry’s skill at protecting sensitive customer data.

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