Over the course of 2024 there were a number of recoveries made under catastrophe bonds, however these were primarily driven by cat losses that occurred in prior years, in particular both hurricane’s Ian and Otis, according to Swiss Re Capital Markets, the investment banking and insurance-linked securities (ILS) division of reinsurance giant Swiss Re.In a … Read more
The enormous VAT bill that Italian tax authorities have presented to Meta, based on the estimated value of the data that they have received from users in return for their services, has recently been in the news. Tax on personal data has the potential to deal quite a blow to the business model of online … Read more
In a rare bit of good news on the cybercrime front, ransomware payouts are down on the year. Researchers with security consultancy Chainalysis report that, thanks to stepped up efforts from law enforcement and victim response, the second half of 2024 saw a whopping 35% decrease in payouts to ransomware attackers. This marks the first … Read more
As a long-term and dedicated user of facebook and twitter since the 2000s, it is weird to find that, today, they are no longer useful tools. The feeds are now stacked with Mark Zuckerberg updates, Musk propaganda and worse. The only tool that’s still useful is LinkedIn, although there are issues there too. So it … Read more
“The idea for this germinated when we learned a group of credit unions approached their core vendor asking for them to add 100 different small and large features so they could better compete with other players in the market and provide niche services,” says Pradhan. “The core vendor’s response was it would take up to … Read more
