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Property & Casualty Report: Eye on 2023
2022 was a year that few in the Property and Casualty (P&C) sector could have predicted. Instead of stability, the market remained largely volatile, especially in the Property sector and the reinsurance marketplace. Many carriers suffered through unprofitable years thanks to Hurricane Ian, inflation, and an adverse property insurance environment primarily in Florida and Gulf coast states. Above all, losses…

Cyber Scammers Luring Inflation-Weary Holiday Shoppers with Clickbait Coupons, Fake Deals
With inflation driving up costs, increased demand for coupon codes and deals could make shoppers particularly vulnerable to cyber scams this holiday season, according to reports. Cybersecurity experts recently told news outlet Axios that hackers are using heightened interest in online discounts to target consumers for phishing and ransomware scams. Other reports also point to the…

Customer Sues McDonald’s Over Voice Recognition Technology
A new lawsuit against McDonald\'s accuses the company of violating an Illinois privacy act by using voice recognition technology on customers without their consent. Shannon Carpenter reportedly had his drive-thru order taken by the artificial intelligence-based voice assistant program Apprente — an automated system being tested at 10 McDonald’s stores — when he visited the fast-food chain’s Lombard, Illinois location…

Colonial Pipeline Ransomware Attack Exposes Severity of Cyber Threats
The ransomware attack that shut down one of the largest fuel pipelines in the U.S. and set off gas shortages and panic-buying is indicative of the growing cyber risk threatening American infrastructure, experts said in a recent USA Today report. Colonial Pipeline Co., which moves 2.5 million barrels of petroleum each day, was forced to discontinue operations May 7 after…

Popular ‘Vaccine Selfies’ Pose Cybercrime Risks, Experts Warn
Data security experts are sounding the alarm to warn those engaging in the latest social media trend of sharing celebratory COVID-19 “vaccine selfies” depicting themselves holding their Centers for Disease Control and Prevention vaccination record card. Including these records in such photos, experts caution, could expose the kind of information—such as full name and date of birth—criminals use to commit…
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