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

IBM Big Data Hub

For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well. Across the financial sector, there are transition risks to consider as we move to a low-carbon economy. Financial services firms can use the tool for “what if?”

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Operation Cronos: law enforcement disrupted the LockBit operation

Security Affairs

Since January 2020, affiliates utilizing LockBit have targeted organizations of diverse sizes spanning critical infrastructure sectors such as financial services, food and agriculture, education, energy, government and emergency services, healthcare, manufacturing, and transportation.

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Cybersecurity agencies published a joint LockBit ransomware advisory

Security Affairs

& international partners, we published a joint advisory on LockBit Ransomware: [link] The advisory includes the common tools, exploitations, & TTPs used by LockBit affiliates. The date of data publication on the leak sites may be months after LockBit affiliates actually executed ransomware attacks.

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US GOV OFFERS A REWARD OF UP TO $15M FOR INFO ON LOCKBIT GANG MEMBERS AND AFFILIATES

Security Affairs

LockBit had a bespoke data exfiltration tool, known as Stealbit, which was used by affiliates to steal victim data. The LockBit ransomware operation operated under a Ransomware-as-a-Service (RaaS) model, recruiting affiliates to carry out ransomware attacks through the utilization of LockBit ransomware tools and infrastructure.

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More details about Operation Cronos that disrupted Lockbit operation

Security Affairs

“LockBit had a bespoke data exfiltration tool, known as Stealbit, which was used by affiliates to steal victim data. The LockBit ransomware operation operated under a Ransomware-as-a-Service (RaaS) model, recruiting affiliates to carry out ransomware attacks through the utilization of LockBit ransomware tools and infrastructure.

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A Russian national charged for committing LockBit Ransomware attacks

Security Affairs

We will continue to use every tool at our disposal to disrupt cybercrime, and while cybercriminals may continue to run, they ultimately cannot hide.” “In securing the arrest of a second Russian national affiliated with the LockBit ransomware, the Department has once again demonstrated the long arm of the law.

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Turning climate risks into business opportunities 

IBM Big Data Hub

In some business sectors, such as financial services, fast-moving consumer goods and healthcare, business interruptions can have a significant detrimental impact on daily life. 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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