Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said. A software update by global cybersecurity firm CrowdStrike appeared to have triggered systems problems …
Elements of Friday’s global IT outage, which grounded planes and hit services from banking to healthcare, have occurred before and until more contingencies are built into networks, and organizations put better back-up plans in place, it will happen again. Friday’s …
Behind a massive IT failure that grounded flights, upended markets and disrupted corporations around the world is one cybersecurity company: CrowdStrike Holdings Inc. Known as a dominant supplier of software that protects businesses from ransomware attacks, CrowdStrike was thrust into …
Six independent claims shops are joining forces under a common brand name, Claim Assist Solutions, and will share a propriety claims management system. “Coming under a common name, while maintaining existing brand identities, conveys all the capabilities we can offer …
NEW YORK (AP) — Hackers accessed Xfinity customers` personal information by exploiting a vulnerability in software used by the company, the Comcast-owned telecommunications business announced this week. In a Monday notice to customers, Xfinity said there was unauthorized access to …
DETROIT (AP) — General Motors` Cruise autonomous vehicle unit is recalling all 950 of its cars to update software after it dragged a pedestrian to the side of a San Francisco street in early October. The company said in documents …
Tesla Inc. will recall more than 362,000 U.S. vehicles to update its Full Self-Driving (FSD) Beta software after U.S. regulators said on Thursday the driver assistance system did not adequately adhere to traffic safety laws and could cause crashes. The …
Alcon Vision LLC will pay Johnson & Johnson’s J&J Surgical Vision Inc $199 million to settle legal battles over intellectual property related to the companies’ laser eye-surgery devices, Alcon said in a press release on Sunday. Alcon said the one-time …
A global ransomware outbreak has scrambled servers belonging to Florida’s Supreme Court and several universities in the U.S. and Central Europe, according to a Reuters analysis of ransom notes posted online to stricken servers. Those organizations are among more than …
Duck Creek Technologies, which serves some of the biggest clients in the property and casualty sector, will be taken private by Vista Equity Partners in an all-cash deal valued at about $2.6 billion, the insurance tech firm said on Monday. …