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Industry Dynamics

Andreas Tesch re-elected President of ICISA

The members of the International Credit Insurance & Surety Association (ICISA) re-elected Andreas Tesch, Chief Market Officer of Atradius N.V., to the position of President of ICISA for 2015 / 2016. In 2014 trade credit premiums of ICISA members increased 2.95% while insured exposure grew 11.9%. (ICISA members account for 95% of trade credit insurance worldwide) Mr. Tesch noted; “The ... Read More »

Data Breaches Could Cost UK Businesses 20bn Pounds

New regulations will significantly raise reporting and financial stakes for companies.  Two thirds of customers affected say they would cease doing business with an affected organization.  New figures reveal that mid-sized and large businesses could be in line for fines totalling £20bn if they fail to protect their customers from data breaches.  Companies that suffer a breach could face serious ... Read More »

Got Good Cyber Insurance Cover? Beware of Holes in Your Policy

A brand new decision from a federal trial court in Utah is a sobering reminder that just because you have purchased “cyber” insurance does not mean that your insurance company will pay a cyber-related claim.  In Travelers Property Casualty Company of America et al. v. Federal Recovery Services et al., the insurance company sued its policyholder for a declaration of ... Read More »

Cyber Security Breaches on the Increase in the UK

PWC have been commissioned by the Department for Business, Innovation and Skills (BIS) to survey companies across the UK on cyber security incidents and emerging trends. This survey aimed to provide greater awareness amongst UK business of the risks, insights on how companies are mitigating those risks (or not) and key trends. The survey results can also provide companies with ... Read More »

Salesforce Debuts Analytics Mobile App

Salesforce has introduced the first mobile app for its Wave Analytics platform. Select iOS users are piloting Sales Wave Analytics, which Salesforce will release to the public at an undisclosed date. The app will connect to other services on Salesforce’s CRM platform to derive data and provide “actionable insight.” Features include sales-accelerator templates, historical analysis and a task-creation and deployment option called Sales Wave Actions. Partners might find ... Read More »

Acxiom Unveils Powerful, Next-Generation Marketing Capabilities

Company Relaunches Digital Impact, its Email and Cross-Channel Marketing Business as Acxiom Impact, an Advanced Marketing Offering Specifically Designed to Meet the Unique Needs of Sophisticated Enterprise Marketers Acxiom® announced the relaunch of Digital Impact, Acxiom’s email and cross-channel marketing platform and services business, under the new name Acxiom Impact™.  The relaunch reflects a new platform release and improved services specifically ... Read More »

Payment Security: MIDAS Alliance Launched in Europe

MIDAS Alliance Created to Solve Payments Security Challenges Raised by Mobile Wallet Security industry collaboration seeks to create solution before August deadline for new payment rules. While the introduction of the mobile wallet has created a lot of excitement across the retail and financial services industries, the European Central Bank (ECB) is pushing for greater security standards. When the ECB’s ... Read More »

Mira Inform India to Expand Overseas Operations in Dubai and Hong Kong

Credit information company Mira Inform India announced plans to expand its overseas operations by opening subsidiary companies in Dubai and Hong Kong.  Mira Inform has expanded its operation to Japan (Mira Inform Japan) in 2013 and is awaiting legal clearance to form Mira Inform America LLC. Mira Inform claims to have an online database of 1.4 unique credit information reports ... Read More »

LexisNexis Risk Solutions to Provide Clinical Analytics Support to AultCare

Company’s Solutions to Offer New Insight into Health and Benefits Administration and Population Health Management LexisNexis® Risk Solutions announced the company has been selected to provide clinical analytics support to AultCare, a third-party administrator that processes health insurance and benefits claims. AultCare will use a diverse suite of LexisNexis clinical analytics solutions to help its 165,000 commercial, Medicare Advantage, individual and ... Read More »

Baidu Kicks Off ‘Indoor GPS’ Rollout In China

Baidu has begun the rollout of indoor location services powered by indoor mapping provider IndoorAtlas to the 270 million monthly active users of its Baidu Maps service. IndoorAtlas had been in beta testing, with the company saying it can pinpoint a location inside a building within 6.5 feet. IndoorAtlas-developed software lets the compass contained in smartphones pinpoint a person’s indoor location ... Read More »

Financial Services Firms Stare into the Abyss as Data Breaches Rocket

According to a Freedom of Information request by Egress Software Technologies, the UK Information Commissioner’s Office notched up 791 breaches in this sector between 2012 and 2014, including 585 in 2014 alone. The company has clarified that not all of these were security-related – the figure for data security issues was 158: Institutions reporting breaches in these years included Barclays, HSBC, ... Read More »