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sandy ingram

Special agent to National Insurance Crime Bureau: "anecdotally the economic recession i... - 0 views

www.claimsjournal.com/...99413.htm

Fraud Insurance Recession FBI Economics

shared by sandy ingram on 09 Apr 09 - Cached
  • the FBI is aligning a lot more investigators to look into actual economic fraud investigations versus insurance fraud investigations.
  • "Fraud bureaus are telling us this, we're hearing it from the state fire marshals, and we're hearing about it anecdotally through news stories. It's clear that as the economy has gone down, the opportunity to commit fraud, to recover monies they think they need, has increased."
  • And with anywhere from $80 billion to $200 billion lost to fraud each year, affecting all lines of the insurance business — health, property, casualty, life and disability — it's no wonder that states are concerned with combating it.
  • ...1 more annotation...
  • NICB has seen a "pretty significant' trend in medical identity theft and provider fraud, according to McKee. This is when someone steals a person's identity, and medical and insurance information, then submits fraudulent bills to the insurance company for treatment the person did not receive. The check goes back to the fraudulent company, and the person is unaware that his or her identity was stolen or is being used for fraud, he explained.
  • sandy ingram on 09 Apr 09
     
    Does a bad economy increase crime? Analysts have debated that question for years, according to Mike McKee, senior special agent for the National Insurance Crime Bureau. While it's too soon for statistics to confirm whether recent events like the mortgage meltdown and an increase in unemployment truly lead consumers to commit more crimes, McKee said at least anecdotally the economic recession is affecting insurance fraud.
sandy ingram

Identity Theft Resource Center ITRC 2008 Breach List - 0 views

www.idtheftcenter.org/...ITRC_2008_Breach_List.shtml

itrc breaches 2008 report

shared by sandy ingram on 10 Mar 09 - Cached
  • sandy ingram on 10 Mar 09
     
    The ITRC breach list is a compilation of breaches confirmed by various media sources, notification lists from state governmental agencies.
sandy ingram

FTC Announces Conference on International Aspects of Securing Personal Data - 0 views

www.ftc.gov/...datasec.shtm

FTC Personal Data Protection

shared by sandy ingram on 11 Jan 09 - Cached
  • sandy ingram on 11 Jan 09
     
    The Federal Trade Commission, in conjunction with two international organizations, will host a two-day international conference: "Securing Personal Data in the Global Economy." The conference addresses how companies can manage personal data-security issues in a global information environment where data can be stored and accessed from multiple jurisdictions.
sandy ingram

Top regulatory compliance trends that will affect IT in 2009 - 0 views

searchcompliance.techtarget.com/...9142,sid195_gci1359326,00.html

Privacy Security Compliance Enforcement Best Practice

shared by sandy ingram on 18 Jun 09 - Cached
  • More enforcement coming Deputy Attorney General Dave Ogden also was among those who see a renewed emphasis on "prosecuting financial crimes aggressively" in the months ahead. Reflecting Ogden's assessment, former U.S. Deputy Attorney General Paul McNulty said that money laundering, fraud and tax issues are also receiving increased enforcement action. McNulty pointed to the requirements of the Sarbanes-Oxley Act (SOX), which mean that more information now must be disclosed and acted upon
  • sandy ingram on 18 Jun 09
     
    More enforcement coming SOX 404(b) will matter FCPA compliance Focus on risk management
sandy ingram

Bill Gives DHS Lead on Fed IT Security Policy - 0 views

www.govinfosecurity.com/articles.php

dhs privacy security FISMA IT

shared by sandy ingram on 17 Aug 09 - Cached
  • The thinking behind shifting responsibility to DHS from OMB is that Homeland Security has the cybersecurity expertise whereas OMB's proficiency is budgeting. "Already, the Department of Homeland Security is the coordinating agency on cybersecurity," the staffer said. "Now, what you're doing is drastically strengthening the role of DHS by putting into law and then also, giving them the ability to say, with FISMA, approve or not to approve agencies plans, controls, frameworks, the way they secure their systems."
  • The bill also continues the role of the National Institute of Standards and Technology as the key government agency to develop IT security guidance, but leaves it to DHS the decision which guidance has priority.
  • sandy ingram on 17 Aug 09
     
    The responsibility to oversee information security among federal agencies would shift to DHS from the White House Office of Management and Budget under revisions of the measure, nicknamed U.S. ICE, that updates IT security guidance detailed in the seven-year-old Federal Information Security Management Act (FISMA), according to a senior cybersecurity staff member on the Senate Committee of Homeland Security and Government Affairs.
sandy ingram

Few businesses are likely to be insured against the result of cyber attacks - Security ... - 0 views

www.securitypark.co.uk/security_article263278.html

Best Practice Privacy Security Insurance Employee Fraud unemployment resession

shared by sandy ingram on 21 Jul 09 - Cached
  • Businesses are advised to thoroughly review risk management procedures and insurance programmes to ensure they have adequate and relevant cover in place: “The responsibility to get the house in order should lie with an organisation’s Managing Director or Finance Director, and not the IT department alone,” says Simon. “IT defences whilst vital only react to known problems and are not guaranteed to be 100 percent secure. Protection for the whole business and its sustainability is without doubt the safest option.”
  • “The economic downturn has resulted in people of all levels and responsibilities losing their jobs, and those with a detailed knowledge of their former employers’ IT and operating systems may well present a real potential threat, and turn to extortion as a way of taking revenge on their former employer, and of making some money at the same time.
  • According to The Wilson Organisation, insurers and underwriters are predicting a rise in white collar extortion as the recession continues to bite and unemployment figures increase. Worryingly many businesses do not have insurance cover for data or business loss.
  • sandy ingram on 21 Jul 09
     
    According to The Wilson Organisation, insurers and underwriters are predicting a rise in white collar extortion as the recession continues to bite and unemployment figures increase. Worryingly many businesses do not have insurance cover for data or business loss. "According to a DTI Information Security Breaches Survey, a third of UK businesses think general business insurance provides full cover for damage to the business arising from data loss," comments Wilsons' Simon Hoare, "but the reality is quite different, with very few businesses likely to be insured against the result of cyber attacks on its most crucial management and business tool - corporate and customer information, most of which is today held on corporate IT systems. "For public company directors, this is in fact in breach of their duties under the Turnbull Report, which requires them to identify, manage and take an informed opinion on the transfer of risks for the business."
sandy ingram

FTC Red Flags Evaluation_for Low Risk Businesses - 0 views

ftc.gov/...Flags_forLowRiskBusinesses.pdf

Red Flag Rule compliance Best Practice FTC

shared by sandy ingram on 20 Jul 09 - No Cached
  • sandy ingram on 20 Jul 09
     
    Complying with the Red Flags Rule: A Do-It-Yourself Prevention Program for Businesses and Organizations at Low Risk for Identity Theft
sandy ingram

CFO.COM: How to Talk about Layoffs - nearly half of the 2K finance executives surveyed ... - 0 views

www.cfo.com/...c_13015052

CFO layoffs employees

shared by sandy ingram on 13 Feb 09 - Cached
  • sandy ingram on 13 Feb 09
     
    more than 2,000 businesses laying off at least 50 workers in November alone - and nearly half of all finance executives surveyed by CFO say their companies will reduce their workforces this year.
sandy ingram

CEOs underestimate security risks, survey finds - 0 views

www.computerworld.com/...te_security_risks_survey_finds

Best Practice privacy security CEO Ponemon suvey

shared by sandy ingram on 18 Jul 09 - No Cached
  • Computerworld - Compared to other key corporate executives, CEOs appear to underestimate the IT security risks faced by their own organizations, according to a survey of C-level executives released today by the Ponemon Institute.
  • of 213 CEOs, CIOs, COOs and other senior executives reveals what appears to be a perception gap between CEOs and other senior managers concerning information security issues.
  • 48% of CEOs surveyed said they believe hackers rarely try to access corporate data
  • ...5 more annotations...
  • On the other hand, some 53% of other C-level executives believe that their company's data is under attack on a daily or even hourly basis.
  • The survey also found that the top executives were less aware of specific security incidents at their companies than other C-level executives and are more confident that data breaches can be easily avoided.
  • CEOs and other top managers differed in their opinion of who is responsible for protecting corporate data.
  • While eight out of 10 respondents said they believe there is one person responsible for data protection in their organization, there was a sharp difference of opinion on just who that person was.
  • More than half of the CEOs said that CIOs are responsible for protecting data at their companies; only 24% of other senior managers felt the same way
  • sandy ingram on 18 Jul 09
     
    Computerworld - Compared to other key corporate executives, CEOs appear to underestimate the IT security risks faced by their own organizations, according to a survey of C-level executives released today by the Ponemon Institute.
sandy ingram

Healthcare Stimulus to Drive Compliance - 0 views

blog.courion.com/...e-Stimulus-to-Drive-Compliance

ARRA privacy security compliance HIPAA Healthcare

shared by sandy ingram on 25 Jun 09 - Cached
  • the requirements that the American Recovery and Reinvestment Act (ARRA) will impose on healthcare organizations
  • sandy ingram on 25 Jun 09
     
    specifically how they are required to prove audit compliance with respect to their use of electronic protected health information.
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