article thumbnail

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.

article thumbnail

Market Leading Cybersecurity and National Security Lawyers David Lashway and John Woods Join Sidley in Washington, D.C.

Data Matters

By adding these two global market leaders, we are expanding our expertise to better support our clients with the ever growing risks associated with national security and cybersecurity matters across our multi-disciplinary practices.”. appeared first on Data Matters Privacy Blog.

Insiders

Sign Up for our Newsletter

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

article thumbnail

New York Department of Financial Services Issues First Guidance by a U.S. Regulator Concerning Cyber Insurance

Data Matters

On February 4, 2021, the New York Department of Financial Services (NYDFS) issued Circular Letter No. Systemic risk includes critical third-party vendors and catastrophic cyber events involving third parties, such as NotPetya and SolarWinds. regulator concerning the increasingly critical issue of cyberinsurance.

article thumbnail

LockBit on a Roll – ICBC Ransomware Attack Strikes at the Heart of the Global Financial Order

Security Affairs

This ominous cyber-event sent shockwaves through the $26 trillion U.S. Treasury market. According to the report released by Resecurity, a Los Angeles-based company protecting Fortune 500 and governments worldwide, the attack against ICBC may be a precursor for significant malicious cyber activity against global financial system.

article thumbnail

Building for operational resilience in the age of AI and hybrid cloud

IBM Big Data Hub

Organizations in the financial services, healthcare and other regulated sectors must place an even greater focus on managing risk—not only to meet compliance requirements, but also to maintain customer confidence and trust.

Cloud 81
article thumbnail

IBM Cloud for Payments is an imperative, not a nice-to-have

IBM Big Data Hub

The global digital payments ecosystem continues to evolve as new and incumbent financial institutions, payment networks, central banks, governmental agencies, businesses and other market players push for innovation. In the event of a cyberattack, the SWIFT user can continue flowing messages through this SWIFT resilience environment.

Cloud 82
article thumbnail

Deployable architecture on IBM Cloud: Simplifying system deployment

IBM Big Data Hub

Resilience : Deployable architecture is designed to be resilient, with built-in redundancy and failover mechanisms that ensure the system remains available even in the event of a failure or outage. IBM Cloud provides you with well-architected patterns that are secure by default for regulated industries like financial services.

Cloud 70