Displaying items by tag: Insurance

Modern, digitally equipped hospitals have emerged as hotbeds of sensitive medical data. With the increasing digitalization of the healthcare sector, more and more medical data is being generated every day across the globe. In fact, some estimates believe that 30% of the total data generated in the world has a medical origin and purpose, with an astonishing Compound Annual Growth Rate (CAGR) of around 36% to date. In such a scenario, malicious actors have also risen to the surface, trying to take advantage of a sector still grappling with data-intensive technology. The onus is on hospitals, as the source and keeper of data, to protect it from getting into the wrong hands.

GUEST OPINION:  Artificial intelligence (AI) is already woven into our daily lives. Whether it's predicting the fastest route home through traffic, suggesting what to watch on Netflix, what to listen to on Spotify, or protecting your bank account from suspicious transactions, AI is quietly transforming how we live and work. Some AI systems announce themselves with a friendly voice or personalised notification, while others work invisibly behind the scenes, powering everything from email spam filters to weather forecasts. As AI continues its rapid evolution, it sparks both excitement and debate about how it will reshape our future - and nowhere is this conversation more critical than in the insurance industry, where data holds the key to protecting people's homes, health and livelihoods.

COMPANY NEWS:  Hitachi Vantara report reveals 84% of leaders fear catastrophic data loss as AI strains infrastructure and 41% say AI is already a critical part of their function

GUEST REVEIW:  In November 2024, DDoS attackers launched a campaign targeting Australian websites. It’s not out of the ordinary for Australian sites to be on the receiving end of DDoS attacks. However, this event was unusual, amounting to a surge of over 60 DDoS attacks on 39 different websites during the month.

Insurance and finance giant Suncorp is reaping big rewards. from smart tech investments, its FY2024 results show.

COMPANY NEWS:  Cognizant associates have submitted more than 130K ideas via Bluebolt, a grassroots innovation program launched a year ago; more than 23K ideas have been implemented with clients.  More than 220K associates are trained on Bluebolt, of which 93K are trained on design thinking

Data backed solutions provide truly transparent and traceable large language models

COMPANY NEWS: Endava, a leading technology services company combining world-class engineering, industry expertise and a people-centric mindset, today announces the launch of its innovative agentic AI industry accelerator, internally designated as 'Morpheus'. The first of its kind, the accelerator and its AI-powered industry tools combine the power of data and multi-agent autonomous teams to tackle complex challenges across all industries, including highly regulated fields like healthcare, insurance, financial services and private equity.

GUEST OPINION:  As the number and sophistication of cyberattacks continues to grow, increasing numbers of organisations are evaluating how much protection they can get from cyber insurance.

The growing frequency and sophistication of cyberattacks, with cybersecurity incidents responsible for a significant proportion of large-scale breaches, has led Boards and organisations to prioritise cybersecurity strategy and cyber insurance.

New Relic report reveals financial services and insurance organizations are more likely to achieve full-stack observability in the race to modernize their tech stack and deliver innovative services to customers

COMPANY NEWS:  New Relic, the all-in-one observability platform for every engineer, announced the findings of its  State of Observability for Financial Services and Insurance  report, which focuses on the adoption and business value of observability across the financial services industry (FSI) and insurance sectors. The report is based on insights derived from 176 technology professionals in association with the 2023 Observability Forecast. Findings show that organizations in the industry understand the business value of observability and are investing more in it. The top trends driving adoption include migration to multi-cloud (43%), artificial intelligence (40%), an increased focus on customer experience management (35%), and an increased focus on security, governance, risk, and compliance (54%).

PRODUCT LAUNCH: With Capacity Provided by Allianz Australia, the Company Brings a New, Comprehensive Digital Risk Management Solution to the Market to Help Businesses Improve Cyber Defences

GUEST RESEARCH: Delinea, a leading provider of solutions that seamlessly extend Privileged Access Management (PAM), today published its 2023 State of Cyber Insurance report finding that a significant gap is emerging between insurance carriers and organisations who are still scrambling to get affordable, comprehensive coverage.

Rackspace Technology is one of a very few global multicloud providers, president of public cloud business unit D.K. Sinha told iTWire, even though most organisations want a multicloud environment so that regulated or data-intensive applications can be deployed in private cloud while others are suitable for running in a public cloud.

GUEST OPINION: Humanity has never faced a common threat as consequential as climate change.

Arctic Wolf’s International customers gain access to financial support to help address the last mile of cyber risk and provide financial and business protection.

A recent US legal decision has declared NotPetya to not be an act of war. This means that Merck’s insurers will be forced to pay $1.4B compensation.

GUEST OPINION: In the face of economic turmoil, businesses are confronting the dual challenge of declining or stagnating cybersecurity budgets and escalating and increasingly complex threats, Telstra Ventures revealed today, after bringing together industry leaders from AttackIQ, Cofense and Corvus Insurance to discuss how to tackle the issue.

GUEST INTERVIEW: With ANZ and NAB just two of the 270+ banks worldwide running on Intellect Design Arena's platform, iTWire spoke with COO of Global Transaction Banking, Uppili Srinivasan, to learn more!

GUEST INTERVIEW: With ANZ and NAB just two of the 270+ banks worldwide running on Intellect Design Arena's platform, iTWire spoke with COO of Global Transaction Banking, Uppili Srinivasan, to learn more!

IT services and consulting company Tata Consultancy Services (TCS) has announced a leadership change with the current managing director and CEO Rajesh Gopinathan to step down to be replaced by CEO Designate K Krithivasan.