article thumbnail

Colorado AI legislation further complicates compliance equation

CIO

The bill defines consequential decision as being any decision “that has a material legal or similarly significant effect on the provision or denial to any consumer,” which includes educational enrollment, employment or employment opportunity, financial or lending service, healthcare services, housing, insurance, or a legal service.

article thumbnail

Laika laps up $50M for its automated security compliance platform

TechCrunch

Compliance with privacy and security frameworks like SOC 2, HIPAA and GDPR has become a central component not just of how organizations build trust with their users, but of how organizations work together these days: fail to meet the requirements of these frameworks, and you might lose your business relationship.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Principal Financial unifies IT to lay foundation for growth

CIO

The Fortune 500 company, born an insurer in Des Moines, Iowa, roughly a decade after the Civil War ended, is under pressure to provide customers with an integrated experience, particularly due to its expanded financial services portfolio, including the acquisition of Wells Fargo’s Institutional Retirement and Trust (IRT) business, Kay says.

article thumbnail

What the Digital Operational Resilience Act means for you

CIO

Compliance with DORA will require full adherence to five critical areas of focus outlined in the regulation: ICT risk management : This guidance establishes a standard framework for what organizations should do in response to an ICT security incident. Is your IT security infrastructure ready for future regulations?

article thumbnail

Automating compliance in software delivery

CircleCI

Software development teams face a large and growing number of obstacles: shifting design requirements, organizational blockers, tight deadlines, complicated tech stacks and software supply chains. Compliance requirements can add significant overhead to an organization. Examples of software compliance requirements.

article thumbnail

Revolutionizing Auto Insurance: How InsurTechs are Lowering Auto Insurance Costs with Usage-Based Policies

Trigent

Usage-based insurance, often referred to as UBI, has shot to popularity due to its immense potential for insurers when it comes to customization and cost savings. In-car technologies and the surge in connected cars significantly contribute to the growing market size of usage-based insurance. percent between 2023 and 2032.

article thumbnail

Are You Ready for Cloud Regulations?

CIO

Recently they have increased hiring activity to bring on staff to examine the cloud software providers. Rather than wait for a compliance mandate, it is critical for insurers and financial services providers of all kinds to consider—and prepare now—for the implications. We all know the drill. . So what are we doing about it?

Cloud 217