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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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Accelerate hybrid cloud transformation through IBM Cloud for Financial Service Validation Program

IBM Big Data Hub

This leaves many organizations hesitant to make the transition, fearing they will lose the control and security they have with their on-prem environments. A third-party investment review, where the ISV provides a bill of material showing what and how services are being used to meet compliance requirements, along with price points.

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NYDFS releases major update to Part 500 cybersecurity requirements for financial services companies

Data Protection Report

On November 1, 2023, the New York Department of Financial Services (“NYDFS”) released the finalized amendments of Part 500 of its cybersecurity regulations. These revisions represent the most significant modifications since the enactment of the rules in March 2017.

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Payment Processing Giant TSYS: Ransomware Incident “Immaterial” to Company

Krebs on Security

TSYS provides payment processing services, merchant services and other payment solutions, including prepaid debit cards and payroll cards. In 2019, TSYS was acquired by financial services firm Global Payments Inc. NYSE:GPN ]. ” TSYS declined to say whether it paid any ransom.

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The Week in Cyber Security and Data Privacy: 6 – 12 November 2023

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. Some patients also had their Social Security numbers exposed.” Welcome to this week’s round-up of the biggest and most interesting news stories. Approximately 1.3 Records breached: 1.3

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New Anti Anti-Money Laundering Services for Crooks

Krebs on Security

But with countless criminals now making millions from ransomware, there is certainly a vast, untapped market for services that help those folks improve their operational security. “To date, this type of analysis has been used primarily by regulated financial service providers.” ” Update, 1:42 p.m.

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GUEST ESSAY: 5 security steps all companies should adopt from the Intelligence Community

The Last Watchdog

Businesses at large would do well to model their data collection and security processes after what the IC refers to as the “intelligence cycle.” In the same vein, businesses at large can use the intelligence cycle as a model to detect and deter any attacks coming from foreign intelligence services. infrastructure from cyber attacks.

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