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A Geico Data Breach Let Cyber Fraudsters Steal Customers' Driver's License Numbers

Gizmodo

Car insurance giant Geico has quietly disclosed that a recent security breach allowed cyber thieves to steal customers’ driver’s license information right off the company’s website. Read more.

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Meet Allison Arzeno, the data science whiz leading insurance tech company Assurance IQ

GeekWire

It’s been a leadership roller coaster ride over the past two years for Allison Arzeno , chief executive officer of Seattle insurance technology company Assurance IQ. Assurance, which uses tech to match customers with insurance plans, was navigating a pandemic that disrupted its business.

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What telco mobile money licenses mean for Nigeria’s financial services sector

CIO Business Intelligence

That may change as telecommunications companies such as Airtel and MTN jump into the mobile money market, after recently receiving licenses to do so. It was only late last year that Nigeria’s Central Bank (CBN), gave the green light for telcos to acquire mobile money licenses. Mobile money is not entirely new to Nigeria.

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Geico data breach exposed customers’ driver’s license numbers for more than a month

The Verge

Insurance company Geico suffered a data breach earlier this year that exposed customers’ driver’s license numbers for more than a month, according to a data breach notice filed with the attorney general of California. Most US states require identification such as a driver’s license to file for unemployment benefits.

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Porch completes $100M Homeowners of America acquisition, doubling down on insurance market

GeekWire

Based in Irving, Texas, Homeowners of America operates in six states but is licensed to operate in 31 states. Porch says it will use the acquisition to build its national footprint in the home insurance market. Those companies can pay traditional licensing fees or provide Porch with access to their customers.

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Apple's security chief charged over alleged iPads for gun licenses scheme

TechSpot

James Jensen of the sheriff's department and insurance broker Harpreet Chadha were indicted by a grand jury last week following a two-year investigation into the alleged scheme. The LA Times writes that Apple Chief Security Officer Thomas Moyer, Santa Clara County Undersheriff Rick Sung, Capt.

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Marsh McLennan IT reorg lays foundation for gen AI

CIO Business Intelligence

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age. This costs me about 1% of what it would cost” to license the technology through Microsoft.

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