article thumbnail

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.

article thumbnail

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

Krebs on Security

In March 2020, KrebsOnSecurity alerted Swedish security giant Gunnebo Group that hackers had broken into its network and sold the access to a criminal group which specializes in deploying ransomware. The company has operations in 25 countries, more than 4,000 employees, and billions in revenue annually. Acting on a tip from Milwaukee, Wis.-based

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

IT Governance

Fowler sent a responsible disclosure notice when he discovered the database and it was secured the following day. Welfare Benefits Plan Source 1 ; source 2 New Healthcare USA Yes 13,079 Insurance ACE/Humana Inc. Known records breached Zenlayer Source New Telecoms USA Yes 384,658,212 ASA Electronics Source New Engineering USA Yes 2.7

article thumbnail

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

IT Governance

Compromised data includes policyholders’ and their families’ civil status, dates of birth and social security numbers, as well as the name of their health insurer and information relating to their contracts. It has since been confirmed by Anukul Peedkaew, the permanent secretary of social development and human security.

article thumbnail

Turning climate risks into business opportunities 

IBM Big Data Hub

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. These kinds of disruptive events might be temporary or result in long-term damage to infrastructure or buildings.

Risk 65
article thumbnail

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
article thumbnail

The most valuable AI use cases for business

IBM Big Data Hub

Agricultural machines can engage in autonomous pruning, moving, thinning, seeding and spraying. And if AI can guide a Roomba, it can also direct self-driving cars on the highway and robots moving merchandise in a distribution center or on patrol for security and safety protocols.