Construction insurer hit in data breach

• Builders Mutual Insurance Co., a commercial construction underwriter based in City of Raleigh Municipal Government , State of North Carolina rolina, was the target of a hack that affected the personal information of 64,761 customers, current employees and former workers, according to a filing with the State of Maine Attorney General’s office on Sept. 29.
• The insurer noticed suspicious activity on Dec. 14, 2022, and contracted third-party specialists to investigate, according to documents the company submitted to the attorney general’s office. On Dec. 15, investigators discovered that certain files were copied, and worked to determine whether they contained sensitive information. Potentially compromised data included names, Social Security numbers, medical information, health insurance information and workers’ compensation data.
• Builders Mutual works with a variety of clients in both the home building and non-residential construction industries, according to its website, and provides business packages for workers’ compensation, general liability and property insurance. The underwriter also offers crime, auto and inland marine protection.

Source - https://www.constructiondive.com/news/builders-mutual-data-breach-cyberattack/695634/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202023-10-04%20Construction%20Dive:%20Tech%20%5Bissue:55155%5D&utm_term=Construction%20Dive:%20Tech

As a CPA and Data and AI Thought Leader Risk and Compliance, I have notice over the past years the frequency of cyber attacks continues to increase.

I can also add more colour around the threats of cybersecurity:

• SEC has new regulations related to disclosure of cyber atttacks - https://www.treasuryandrisk.com/2023/10/04/many-companies-far-from-ready-for-fast-approaching-sec-cybersecurity-deadline-411-30652/?slreturn=20230905061719
• EMEA has introduced DORA - https://news.vmware.com/emea/apps-cloud/navigating-dora-with-a-cloud-smart-strategy
• EMEA has introduced CRA - https://www.csoonline.com/article/654175/cybersecurity-experts-raise-concerns-over-eu-cyber-resilience-acts-vulnerability-disclosure-requirements.html
• There is a need for all organizations to work with both internal teams as well as a qualified business partner that specializes in security assessment and health checks. Glasshouse Venture Studio or Converge Technology Solutions Corp. or Micro Strategies Inc. or Veracitiz or 印孚瑟斯 or 维布络 or PCM Sales Canada Inc or TD SYNNEX

Here are additional links and sources that can assist your data and AI journey:

Stock market - Blog – Stock Market for the week-end September 15, 2023 - https://www.slideshare.net/paulyoungcga/stock-market-analysis-and-commentary-for-we-september-15-2023pptx

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Scenario Planning - ?https://www.dhirubhai.net/posts/paul-young-055632b_6-ways-scenario-planning-is-essential-for-activity-7086384141918752768-P7cE?utm_source=share&utm_medium=member_desktop

GAP Analysis https://www.slideshare.net/paulyoungcga/how-gap-analysis-can-better-support-business-decisions

Key Environmental Areas – https://www.dhirubhai.net/posts/paul-young-055632b_7-environmental-factors-for-esg-reporting-activity-7071476082784276480-EYDt?utm_source=share&utm_medium=member_desktop ?

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ESG reporting Standards? - https://www.dhirubhai.net/posts/paul-young-055632b_esgreporting-esgreporting-issbstandards-activity-7079823962368606208-NVac?utm_source=share&utm_medium=member_desktop ? ?

Blog – How to streamline the Close Consolidate and Reporting Cycle - https://www.dhirubhai.net/posts/paul-young-055632b_how-to-streamline-the-close-consolidate-and-activity-7103030891395907584-Ne_W?utm_source=share&utm_medium=member_desktop

Data Management - https://www.slideshare.net/paulyoungcga/how-to-solve-data-management-isuses-for-both-the-private-and-public-sectorspptx-257454162 ??

Circularity - https://www.dhirubhai.net/posts/lindsayhampson_tipwednesday-netzero-sustainability-activity-7006238715744333824-KU-s?utm_source=share&utm_medium=member_desktop ??

Biodiversity - https://www.dhirubhai.net/posts/paul-young-055632b_what-is-biodiversity-and-how-does-it-affect-activity-7038115093066223617-CUHj?utm_source=share&utm_medium=member_desktop

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