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

IBM Big Data Hub

The US experienced 25 extreme weather events in 2023, each causing losses of over USD 1 billion, with a total cost of USD 73.8 These climate events have a huge potential impact on financial institutions. According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million.

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Turning climate risks into business opportunities 

IBM Big Data Hub

The United States saw 25 climate disaster events in 2023 with losses of more than USD 1 billion each. 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.

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

IT Governance

Further victims of Harvard Pilgrim Health Care ransomware attack identified Harvard Pilgrim Health Care suffered a ransomware attack in April 2023, which it has been investigating since then. Welfare Benefits Plan Source 1 ; source 2 New Healthcare USA Yes 13,079 Insurance ACE/Humana Inc. Data breached: 2.7

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The Week in Cyber Security and Data Privacy: 4 – 10 December 2023

IT Governance

Source (New) Transport USA Yes 129,611 Tcman Source (New) Manufacturing Spain Yes 108 GB (179 files) Compass Group Italia Source (New) Hospitality Italy Yes 107 GB Pan-American Life Insurance Group, Inc. Incorporated Source (Update) Insurance USA Yes 7,361 Advantis Global, Inc. and Robert W. Baird & Co.

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The Week in Cyber Security and Data Privacy: 4 – 10 March 2024

IT Governance

Cybernews’s research team discovered the MongoDB server in December 2023 and contacted Glosbe. Source (New) Finance USA Yes 3,494 Woodruff Sawyer Source (New) Insurance USA Yes 3,087 Blackburn College Source (New) Education USA Yes 3,039 CAIRE Inc. billion in cyber crime losses in 2023 – a 22% increase on 2022’s figures.