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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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Data Protection in Financial Services Week 2022

Data Matters

Sidley and OneTrust DataGuidance are pleased to announce that registration is now open for their annual Data Protection in Financial Services (DPFS) Week. Join us from February 28 – March 3 for DPFS Week 2022 , a series of webinars looking at the impacts of data privacy across the financial sector.

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GUEST ESSAY: Why internal IT teams are ill-equipped to adequately address cyber risks

The Last Watchdog

Related: The case for augmented reality training Because of this, cybersecurity investments and regulatory oversight are increasing at an astounding rate , especially for those in the financial services industry, bringing an overwhelming feeling to chief compliance officers without dedicated security teams. Open are slim to none.

Risk 234
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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. Insurers should: Establish a Formal Cyber Insurance Risk Strategy. Systemic risk includes critical third-party vendors and catastrophic cyber events involving third parties, such as NotPetya and SolarWinds.

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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 80
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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 68
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IBM Cloud for Payments is an imperative, not a nice-to-have

IBM Big Data Hub

Building a cyber resilience strategy for critical payments infrastructure Cybercrime costs are growing exponentially, with a 10% increase in average total cost of a breach. In the event of a cyberattack, the SWIFT user can continue flowing messages through this SWIFT resilience environment.

Cloud 80