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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. As a result, their market would shrink.

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Turning climate risks into business opportunities 

IBM Big Data Hub

Substantial repair costs might arise, particularly impacting insurance companies. Climate change exposes organizations across a range of sectors to operational and financial risks. 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

Welfare Benefits Plan Source 1 ; source 2 New Healthcare USA Yes 13,079 Insurance ACE/Humana Inc. Fowler sent a responsible disclosure notice when he discovered the database and it was secured the following day. It is not known how long the database was publicly available, nor whether anyone else accessed it.

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The most valuable AI use cases for business

IBM Big Data Hub

McDonald’s is building AI solutions for customer care with IBM Watson AI technology and NLP to accelerate the development of its automated order taking (AOT) technology. Not only will this help scale the AOT tech across markets, but it will also help tackle integrations including additional languages, dialects and menu variations.

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

IT Governance

Compromised information includes patients’ personal data, health and medical records, financial data, internal emails and software source code. Incorporated Source (Update) Insurance USA Yes 7,361 Advantis Global, Inc. Source (New) Professional services USA Yes 5,666 United Home Loans, Inc. Data breached: 5 TB. and Robert W.

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

IT Governance

Source 1 ; source 2 (Update) IT services Taiwan Yes 2,451,197 RMH Franchise Corporation Source (New) Hospitality USA Yes 1.5 Source 1 ; source 2 (Update) IT services Taiwan Yes 2,451,197 RMH Franchise Corporation Source (New) Hospitality USA Yes 1.5 Source (New) Professional services Netherlands Yes 28.3 TB Paysign, Inc.