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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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Security Compliance & Data Privacy Regulations

eSecurity Planet

Regulatory compliance and data privacy issues have long been an IT security nightmare. GDPR (among other legal requirements in the EU and elsewhere) can expose multinational organizations to hefty financial penalties, additional rules for disclosing data breaches, and increased scrutiny of the adequacy of their data security.

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FCA sets out plans to make Big Tech a priority and provides update on its approach to AI

Data Protection Report

He noted that whilst the growing emergence of Big Tech in financial services has already made life easier for consumers, it remains unclear how valuable their data will become in financial markets. cybersecurity, financial stability, interconnectedness, data concerns or market integrity).

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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.”

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How to Prevent Data Breaches: Data Breach Prevention Tips

eSecurity Planet

And breaches will occur – because bad guys make a living by figuring out ways to circumvent security best practices. Prioritize Data Protection The downfall of many security strategies is that they become too general and too thinly spread. But it requires different levels of security.

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The aftermath of an incident – business considerations surrounding record-keeping

Data Protection Report

Organizations should also be aware of sector-specific statutory obligations which may apply to them, for example in health or financial services industries. M&A and Securities law. In this post we discuss the operational advantages of a good privacy breach record-keeping program. Risk management and mitigation.

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The Rise of One-Time Password Interception Bots

Krebs on Security

. “Over the past few months, we’ve seen actors provide access to services that call victims, appear as a legitimate call from a specific bank and deceive victims into typing an OTP or other verification code into a mobile phone in order to capture and deliver the codes to the operator. The 2fa SMS Buster bot on Telegram.

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