Remove 2023 Remove Banking Remove Finance Remove Risk mitigation
article thumbnail

Cyber recovery vs. disaster recovery: What’s the difference? 

IBM Business Partners

According to The 2023 IBM Cost of Data Breach Report , the average cost of a data breach last year was USD 4.45 Stronger compliance: Heavily regulated sectors like healthcare and personal finance levy large financial penalties when customer data is breached. Data breaches, a common result of cyberattacks, can be especially damaging.

Credit 100
article thumbnail

The top ESG trends in 2024

IBM Business Partners

Prominent examples include the Sustainable Finance Disclosure Regulation (SFDR), the CSRD, and the Security and Exchange Commission’s (SEC) proposal to mandate ESG reporting. The SFDR was first established back in March 2021 to combat greenwashing, but it wasn’t until 2023 that reporting became mandated for companies.