article thumbnail

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?”

article thumbnail

Defending Financial Services Against Fraud in a Shifting Cyber Landscape

Thales Cloud Protection & Licensing

Defending Financial Services Against Fraud in a Shifting Cyber Landscape sparsh Tue, 11/14/2023 - 05:05 As we approach International Fraud Awareness Week during 12-18 November 2023, taking stock of the evolving threat landscape and the vulnerabilities that financial services organizations face is crucial.

Insiders

Sign Up for our Newsletter

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

article thumbnail

[Podcast] Low Code Drives Rapid Change for Financial Services

AIIM

It’s no secret that the continuing coronavirus pandemic has disrupted businesses everywhere, and the financial services industry is no exception. Indeed, the financial services industry is at a tipping point—either disrupt or get disrupted. What is the future of the banking industry in 2021 and beyond?

article thumbnail

Invoice and CEO Scams Dominate Fraud Impacting Businesses

Data Breach Today

UK Financial Services Firms Record $1.5 Billion in Losses Last Year Due to Fraud Losses to fraud reported by Britain's financial services sector exceeded $1.5 billion in 2022, declining by 8% from 2021, says trade association UK Finance.

article thumbnail

2021 State of Analytics: Why Users Demand Better

The sample included 1,931 knowledge workers, or end users, from financial services, healthcare, and manufacturing who are familiar with the analytics tools within their applications.

article thumbnail

Invoice and CEO Scams Dominate Fraud Affecting Businesses

Data Breach Today

UK Financial Services Firms Record $1.5 Billion in Losses Last Year Due to Fraud Losses to fraud reported by Britain's financial services sector exceeded $1.5 billion in 2022, declining by 8% from 2021, says trade association UK Finance.

article thumbnail

Could digital fax be a secret weapon for cybersecurity in financial services?

OpenText Information Management

It’s estimated that the financial services sector could see as much as $6 trillion in cybercrime damages in 2021. In fact, research shows that financial services firms are over 300 times more … The post Could digital fax be a secret weapon for cybersecurity in financial services?