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

IBM Big Data Hub

As the effects of climate change intensify, extreme weather events are becoming increasingly frequent and severe. The US experienced 25 extreme weather events in 2023, each causing losses of over USD 1 billion, with a total cost of USD 73.8 These climate events have a huge potential impact on financial institutions.

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New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

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Enterprise SIEMs Miss 76 Percent of MITRE ATT&CK Techniques

eSecurity Planet

Security information and event management (SIEM) systems only have detections for 24 percent of the 196 techniques in MITRE ATT&CK v13, according to a new report. “This implies that adversaries can execute around 150 different techniques that will be undetected by the SIEM,” says the CardinalOps report.

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Driving innovation and growth, Reltio powers into 2024

Reltio

We unveiled the velocity packs in February, featuring pre-built connectors and smooth integrations to speed deployment for clients in sectors like healthcare, financial services, and insurance. As lead sponsor of the DataDriven23 conference, Reltio assembled data luminaries from across industries for a three-day event in Dallas.

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The most valuable AI use cases for business

IBM Big Data Hub

Customer-facing AI use cases Deliver superior customer service Customers can now be assisted in real time with conversational AI. Voice-based queries use natural language processing (NLP) and sentiment analysis for speech recognition so their conversations can begin immediately. Robots handle and move physical objects.

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Keeping Up with New Data Protection Regulations

erwin

Some industries, such as healthcare and financial services, have been subject to stringent data regulations for years: GDPR now joins the Health Insurance Portability and Accountability Act (HIPAA), the Payment Card Industry Data Security Standard (PCI DSS) and the Basel Committee on Banking Supervision (BCBS).

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What is a Cyberattack? Types and Defenses

eSecurity Planet

Capital markets, insurance, financial services, and banking are now online. Security information and event management (SIEM). NGFWs can also provide log analysis and dashboard management for insight into traffic patterns. Other methods. This presents a unique opportunity for cyber criminals.