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

IBM Big Data Hub

These climate events have a huge potential impact on financial institutions. In 2021, large-scale floods affected the European countries of Austria, Germany, Belgium, the Netherlands and Luxembourg, causing USD 43 billion worth of damage in addition to a tragic loss of life. Financial services firms can use the tool for “what if?”

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A Russian national charged for committing LockBit Ransomware attacks

Security Affairs

On April 26, 2021, Matveev and his Babuk coconspirators hit the Metropolitan Police Department in Washington, D.C. On or about June 25, 2020, Matveev and his LockBit coconspirators targeted a law enforcement agency in Passaic County, New Jersey.

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CISA issues proposed rules for cyber incident reporting in critical infrastructure

Data Protection Report

The CIRCIA was originally enacted in part as a response to recent attacks on critical infrastructure, such as the ransomware attack on Colonial Pipeline in May 2021, but CISA’s proposed regulations take a surprisingly broad view of who may be considered a covered entity and what incidents are reportable.

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EU data governance regulation – a wave of digital, regulatory and antitrust reform begins – Part 1

Data Protection Report

The DGR, proposed in the EC’s February 2020 Digital Strategy , is the first of a wave of regulatory and antitrust reforms targeting the digital sector, which will include additional legislative proposals in 2020 and early 2021, as well as significant changes to the EC’s enforcement of European Union ( EU ) competition rules.

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GUEST ESSAY: Why organizations need to prepare for cyber attacks fueled by quantum computers

The Last Watchdog

For example, in 2021 the Colonial Pipeline was hacked, and the company decided to pay $5 million in ransom since most of the East Coast’s fuel supply was shut down. Panicked East Coast Americans began hoarding gas due to a major disruption in fuel supply.