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

IT Governance

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. TB of ASA Electronics data to its leak site The ALPHV/BlackCat ransomware gang is attempting to extort a ransom from ASA Electronics for 2.7 Data breached: 2.7

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

IT Governance

At the end of each month, these incidents – and any others that we find – will be used to inform our monthly analysis of data breaches and cyber attacks. Financial information, medical data, health reimbursements, postal addresses, telephone numbers and emails are not thought to have been compromised.

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

Krebs on Security

In fact, many ransomware groups now have such an embarrassment of riches in this regard that they’ve taken to hiring external penetration testers to carry out the grunt work of escalating that initial foothold into complete control over the victim’s network and any data backup systems — a process that can be hugely time consuming.

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Turning climate risks into business opportunities 

IBM Big Data Hub

Substantial repair costs might arise, particularly impacting insurance companies. Therefore, the states worked with Mercados EMI , a consultancy firm specializing in the energy sector, to build an AI-based demand forecasting system that uses weather pattern data and electricity demand data.

Risk 67
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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.

Access 45
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The most valuable AI use cases for business

IBM Big Data Hub

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.