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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

The cloud represents a strategic tool to enable digital transformation for financial institutions As the banking and other regulated industry continues to shift toward a digital-first approach, financial entities are eager to use the benefits of digital disruption. Most of these new technologies are born-in-cloud.

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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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'Hack-for-Hire' Groups Spoof WHO Emails to Steal Data

Data Breach Today

Google: Hackers Using COVID-19 Phishing Themes to Target Businesses "Hack-for-hire" groups operating in India are spoofing World Health Organization emails to steal credentials from financial services and healthcare firms around the world, according to Google's Threat Analysis Group.

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Analysis: Fallout From the Snowden Memoir

Data Breach Today

Also featured: An update on Lumen PDF's breach disclosure; insights on financial services identity management issues. The latest edition of the ISMG Security Report features a discussion of the controversies surrounding the release of whistleblower Edward Snowden's memoir.

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NY Charges First American Financial for Massive Data Leak

Krebs on Security

According to a filing (PDF) by the New York State Department of Financial Services (DFS), the weakness that exposed the documents was first introduced during an application software update in May 2014 and went undetected for years. The documents were available without authentication to anyone with a Web browser.

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DEEP TECH NEWS: Respecting individual rights by using ‘privacy preserving aggregate statistics’

The Last Watchdog

However, over the past 20 years the practice of analyzing user data hasn’t advanced much beyond serving the business models of these tech giants. Rising data privacy regulations underscores the need for such a capability, Boyle told me. This, in turn, has led to rising data privacy regulations. That could be about to change.

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