Pure Storage

FEBRUARY 15, 2024

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

Financial Services 95

Financial Services Insurance Insurance Banking 95

Pure Storage

FEBRUARY 15, 2024

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

Financial Services 83

Financial Services Insurance Insurance Banking 83

The Failover Plan Podcast

DECEMBER 7, 2020

As an accomplished leader, he has recruited and managed teams of business continuity professionals to develop and manage resiliency programs for regional to global sized organizations with industry experience in Banking, Mortgage Lending, Insurance, Product Manufacturing, Supply Chain, and Direct Sales. .

Continuity Professionals 228

Continuity Professionals Crisis Management Business Continuity Disaster Recovery 228

Pure Storage

JANUARY 11, 2024

The UK Takes the Lead in Enforcement While the first OR directives were issued by the EU several months ahead of the UK, the latter has taken the lead when it comes to enforcement, issuing a nearly $60 million fine related to a resiliency incident at a UK bank in late 2022.

Resilience 94

Resilience Financial Services Banking Cybersecurity 94

Pure Storage

FEBRUARY 15, 2024

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

Financial Services 52

Financial Services Insurance Insurance Banking 52

Pure Storage

FEBRUARY 15, 2024

In fact, a recent analysis from Accenture found that banks are more likely to benefit from gen AI than any other industry with a potential productivity lift of 22%-30%. Credit Approval and Insurance Underwriting In today’s app-driven world, consumers expect instant or near-instant action. Another sign of the AI boom?

Financial Services 52

Financial Services Insurance Insurance Banking 52

Risk Management Monitor

MARCH 3, 2022

These sanctions have targeted Russia’s financial system and its international financial connections by restricting transactions between Russian banks and those in other countries, most notably through the SWIFT global financial network. Be sure to engage with regulators, enforcement agencies, banks and insurers for guidance.

Banking 58

Banking Management Insurance Insurance 58

Plan B Consulting

APRIL 2, 2024

According to Lloyd’s, this event might be the biggest ever marine loss in the history of the insurance industry as the event was a ‘fully insured risk event’, meaning that the Francis Scott Key Bridge, the ship, the vessel’s cargo, and the port, were all covered.

Banking 52

Banking Insurance Insurance Mitigation 52

MHA Consulting

MARCH 23, 2023

Collectively, these guidelines make up the FFIEC Business Continuity standard, whose purpose is to make sure the banks and other financial institutions that are required to follow it can continue to operate even if they are hit with a disruption.

BCM 71

BCM Impact Analysis Business Continuity Banking 71

Pure Storage

MARCH 25, 2024

FFIEC is an interagency body composed of the heads of the five federal banking agencies: the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Consumer Financial Protection Bureau. While the U.S.

Financial Services 59

Financial Services Resilience Banking Risk Management 59

Online Computers

JULY 14, 2023

In insurance, for instance, AI is already being used to automate claims processing and identify fraudulent claims. Insurance companies are also leveraging AI-powered chatbots to answer customer questions 24/7, freeing up customer service representatives to provide more in-depth support.

Advertising 52

Advertising Retail Healthcare Insurance 52

Advancing Analytics

AUGUST 26, 2021

Besides that, the financial industry is a vast sector that includes banks, building societies, e-money institutions, mortgage companies, investment banking, credit unions, insurance and pension companies. Interestingly, the insurance sector has 100% live machine learning applications in use. Fraud Detection.

Financial Services 52

Financial Services Banking Insurance Insurance 52

Pure Storage

FEBRUARY 21, 2024

Recently, the EU passed the Digital Operational Resilience Act (DORA) , which directs financial entities such as banks, insurance companies, and investment firms to strengthen IT security and take steps to increase resilience against operational disruptions.

Audit 52

Audit Insurance Insurance Architecture 52

Fusion Risk Management

SEPTEMBER 12, 2022

Your customer may be subject to third-party outsourcing requirements by their own regulators , like the European Banking Authority’s Outsourcing Requirements , and they may ask to sign an addendum . Ability to Procure Cyber Insurance.

Resilience 52

Resilience Insurance Insurance Audit 52

Online Computers

DECEMBER 21, 2023

Shadow IT can lead to noncompliance with the Health Insurance Portability and Accountability Act (HIPAA) or the Gramm-Leach-Bliley Act (GLBA) , resulting in large fines and legal issues. Our IT experts will customize a plan unique to your needs, and help you manage your business technology without breaking the bank. Interested?

Healthcare 52

Healthcare Malware Mitigation Hazard 52

Risk Management Monitor

MARCH 4, 2022

According to experts ranging from independent cybersecurity professionals to officials at the Cybersecurity and Infrastructure Security Agency (CISA), organizations at greatest risk right now include critical infrastructure , banks and other financial services firms, and of course key service providers in Ukraine or Russia.

Management 56

Management Malware Cybersecurity Insurance 56

Advancing Analytics

MAY 23, 2022

Unlocking mobile devices through facial images, authorising payments through facial recognition when using mobile banking, using Google lens to translate content in real-time, and unlocking the front door using facial recognition are examples of computer vision in action. Source: isurancejournal.com.

Advertising 52

Advertising Retail Healthcare Transportation 52

Security Industry Association

NOVEMBER 24, 2023

banking customers who can open their bank accounts using a selfie. This transformation will span into various sectors, including finance, retail, telecommunications, sports, insurance and more. Notably, this evolution will facilitate the convergence of the physical and digital realms, encouraging interconnected technologies.

Authentication 52

Authentication Banking Telecommunications Cybersecurity 52

CCEM Strategies

MAY 11, 2023

The risk of flooding tends to change based on the season as it can be caused by snow melt, sudden and aggressive rain storms, rain on snow events, or debris in waterways causing overtopping of banks or sudden redirection of the waterway. sewer backup versus overland flooding).

All-Hazards 52

All-Hazards Hazard Natural Hazard Transportation 52

FS-ISAC

MARCH 2, 2021

Bank accounts, investment accounts, mortgage accounts, insurance policies, utility bills, even frequent flyer numbers and gift cards: all rely on usernames and passwords and contain valuable financial data. the bank) does. These third-party companies may store and secure the same data that the originating data source (i.e.

Financial Services 52

Financial Services Banking Marketing Cybersecurity 52

Fusion Risk Management

NOVEMBER 3, 2022

In tightly regulated industries like banking, Compliance Alert notes: “Chief Compliance Officers (CCOs) increasingly face personal liability for corporate wrongdoing and regulatory violations as a change of guidelines and a string of federal enforcement actions have transformed the environment in which CCOs operate.

Resilience 96

Resilience Mitigation Cybersecurity Risk Management 96

FS-ISAC

MAY 25, 2021

Banks around the world are used to quantifying financial risks such as market, credit, and liquidity risks. At Banco de Credito de Peru, the largest bank in the country, we consider all non-financial risks together, as they are interrelated and require the same governance processes. We have known how to measure them for centuries.

Banking 52

Banking Cybersecurity Mitigation Risk Management 52

Castellan

MAY 26, 2022

The Financial Conduct Authority (FCA) , the Bank of England (BoE) , and the Prudential Regulation Authority (PRA) announced these new requirements a year ago to improve the operational resilience of financial services in the UK. Going forward, organisations are expected to operate within those impact tolerances.

Resilience 52

Resilience Financial Services Business Services Banking 52

Plan B Consulting

JANUARY 24, 2022

I was informed of a ransom demand of £905,000 which was exactly the amount the organisation had in their bank account. If possible, do not tell anyone you have cyber insurance If the attacker knows you have cyber insurance, they will know that as part of the policy the insurance company may pay the ransom instead.

Insurance 52

Insurance Insurance Banking Marketing 52

Plan B Consulting

JANUARY 24, 2022

I was informed of a ransom demand of £905,000 which was exactly the amount the organisation had in their bank account. If possible, do not tell anyone you have cyber insurance. If the attacker knows you have cyber insurance, they will know that as part of the policy the insurance company may pay the ransom instead.

Insurance 52

Insurance Insurance Banking Marketing 52

Titan Data Services

AUGUST 11, 2017

Every company needs insurance for data replication, restoration and recovery.”. Titan is built to banking vault R-5 regulations and can take a direct shot from an EF-5 tornado. “Regardless of the size or scope of the business’ needs, Titan Data Services offers affordable options to protect companies’ systems and data,” Hamra said. “No

Disaster Recovery 40

Disaster Recovery Banking Insurance Insurance 40

FS-ISAC

MARCH 2, 2022

As a financial services cybersecurity professional who has worked on three continents for large multinational institutions, I understand the advantages and challenges for security departments at banks both large and small. Faced with increasingly sophisticated cyber attacks, small banks can use their size to their advantage.

Banking 59

Banking Cybersecurity Risk Reduction Financial Services 59

Erwood Group

JANUARY 28, 2024

Tailoring business continuity plans to the scale and needs of small businesses ensures effective preparedness without breaking the bank. Businesses can embrace business continuity without breaking the bank. Another is through gaining insurance coverage without increasing the premium from the provider.

Business Continuity 52

Business Continuity Disaster Recovery Continuity Planning Crisis Management 52

Citrix

DECEMBER 7, 2022

government lifted its work-from-home guidance, large banks and insurers were among the first to announce plans to return to the office. When the U.K.

Banking 68

Banking Financial Services Insurance Insurance 68

Plan B Consulting

JANUARY 24, 2022

I was informed of a ransom demand of £905,000 which was exactly the amount the organisation had in their bank account. If possible, do not tell anyone you have cyber insurance. If the attacker knows you have cyber insurance, they will know that as part of the policy the insurance company may pay the ransom instead.

Insurance 40

Insurance Insurance Banking Marketing 40

Plan B Consulting

NOVEMBER 1, 2019

Bank account numbers Sort codes Credit card information Invoicing details 6. For example, do we hold National Insurance Numbers, do we hold credit card numbers or not? What is the most embarrassing bit of information you hold? Consider information and personal comments in emails or company communication system?

Banking 52

Banking Internet Audit Insurance 52

Plan B Consulting

NOVEMBER 1, 2019

Bank account numbers Sort codes Credit card information Invoicing details. For example, do we hold National Insurance Numbers, do we hold credit card numbers or not? What is the most embarrassing bit of information you hold? Consider information and personal comments in emails or company communication system?

Banking 52

Banking Internet Audit Insurance 52

Solutions Review

SEPTEMBER 9, 2021

The industries Resolver serves include banking and financial services, healthcare and hospitals, insurance, academic institutions, critical infrastructure organizations, airports, utilities, hospitality, government, and more.

Risk Management 98

Risk Management Management Audit Hospitality 98

Plan B Consulting

MARCH 12, 2020

We live in a fairly safe world in that there are cures for most diseases, we can build defences against nature and most threats we have met before, and there is insurance which at least gives us money to rebuild. I personally think one of the major impacts of coronavirus will be the physiological effect on the population.

Pandemic 52

Pandemic Banking Travel Insurance 52

Plan B Consulting

MARCH 12, 2020

We live in a fairly safe world in that there are cures for most diseases, we can build defences against nature and most threats we have met before, and there is insurance which at least gives us money to rebuild. I personally think one of the major impacts of coronavirus will be the physiological effect on the population.

Pandemic 52

Pandemic Banking Travel Insurance 52

LogisManager

MAY 20, 2021

In recent years, these attacks have affected everyone from banks and hospitals to universities and municipalities; almost 2,400 organizations in the United States were victimized last year alone. The less prepared you are when responding to an incident, the more likely you’ll be forced into paying ransom.

Risk Management 64

Risk Management Management Authentication Hospitality 64

SRM

JUNE 21, 2019

When money was held in bank vaults, criminals used ingenuity and cunning to steal cash and valuables. Ever since Charles Darwin introduced the theory of evolution in 1859 we have been aware of the continual process of change in the natural world. Things are no different in the world of crime.

Vulnerability 52

Vulnerability Banking Insurance Insurance 52