SMEs across the US & Canada lack cybersecurity experts and incident response plans, according to Huntress
According to a recent report by Huntress, 99% of businesses in the United States and Canada are mid-sized businesses facing cybersecurity challenges. The report reveals that mid-sized businesses are struggling to implement basic cybersecurity measures, including incident response plans, security awareness training, and cyber insurance coverage.
Stablecoins at Risk of Failing Under New Risk Management Rules, says FSB
The Financial Stability Board (FSB) has raised concerns over the ability of existing stablecoins to pass new risk management rules currently in development. This comes after the collapse of FTX and other events over the past year, which exposed the volatility and structural vulnerabilities of crypto-assets.
SEC Finalizes T+1 Settlement Cycle to Enhance Risk Management
The US Securities and Exchange Commission (SEC) has recently implemented new rule changes aimed at decreasing risks involved in securities clearance and settlement by reducing the settlement cycle to one business day, or T+1.
Third-Party breaches are wreaking havoc on the healthcare industry
Third-party data breaches are becoming an increasingly pressing issue in the healthcare sector, with victims doubling year after year. In fact, according to Black Kite’s Third-Party Breach Report healthcare has become the most targeted industry for cyberattacks. This is due to the sensitive nature of the information stored by healthcare organizations, including personal health information (PHI) and payment information.
Climate risk digital solutions market will skyrocket to $4 billion by 2027, Verdantix forecasts
Source: Verdantix
Rising losses from extreme weather are driving a global surge in investment in climate risk digital solutions, a new report from leading independent research and advisory firm Verdantix says.
Fed to measure banks' exposure to climate risk
The six largest US banks have been tasked by the Federal Reserve to analyse the impact of trial scenarios for both physical and transition risks related to climate change on real estate assets in their portfolios.
US regulators warn banks of crypto exposure risks
US regulators have warned banks to be on their guard against the risks posed by exposure to the crypto asset sector in the wake of the implosion of crypto-exchange FTX and heightened volatility in the market.
Hodge Bank selects LexisNexis Risk Solutions
Source: LexisNexis Risk Solutions
Data and analytics firm, LexisNexis Risk Solutions, has been selected to provide Hodge with a full end-to-end solution for customer onboarding and ongoing monitoring, incorporating AML screening, transaction monitoring and case management, all within a single platform.
