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Mitigating the impact of climate change in insurance and other financial services  

IBM Big Data Hub

According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well.

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Security Blueprints of Many Companies Leaked in Hack of Swedish Firm Gunnebo

Krebs on Security

In the video, the REvil representative stated that the most desirable targets for the group were agriculture companies, manufacturers, insurance firms, and law firms. The REvil actor claimed that on average roughly one in three of its victims agrees to pay an extortion fee.

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The Week in Cyber Security and Data Privacy: 12 – 18 February 2024

IT Governance

Welfare Benefits Plan Source 1 ; source 2 New Healthcare USA Yes 13,079 Insurance ACE/Humana Inc. Known records breached Zenlayer Source New Telecoms USA Yes 384,658,212 ASA Electronics Source New Engineering USA Yes 2.7 Source New Manufacturing USA Yes 20,415 TECA Srl Source New Transport Italy Yes 16.7 GB AGC Flat Glass North America, Inc.

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The Week in Cyber Security and Data Privacy: 5 – 11 February 2024

IT Governance

Compromised data includes policyholders’ and their families’ civil status, dates of birth and social security numbers, as well as the name of their health insurer and information relating to their contracts. GB Signature Performance, Inc. GB Signature Performance, Inc.

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Turning climate risks into business opportunities 

IBM Big Data Hub

Substantial repair costs might arise, particularly impacting insurance companies. In the US, the Texas Department of Agriculture identified climate change as a potential threat to the state’s food supply. These kinds of disruptive events might be temporary or result in long-term damage to infrastructure or buildings.

Risk 65
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Telstra warns public trust will crumble unless access to data is limited

The Guardian Data Protection

Telco says diverse agencies accessing data through legal loophole need to follow the same process as law enforcement bodies Telstra has warned that public trust in the security of their data will be eroded if government agencies continue to be allowed access to it without appropriate authorisation.

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The most valuable AI use cases for business

IBM Big Data Hub

Agricultural machines can engage in autonomous pruning, moving, thinning, seeding and spraying. Insurance With AI, the insurance industry can virtually eliminate the need for manual rate calculations or payments and can simplify processing claims and appraisals.