Category «Financial System»

Elucidate launches open database of financial crime risk scores in the banking industry

“Elucidate, the financial crime risk scoring platform, has launched the Elucidate FinCrime Risk Monitor (EFRM), an open database for scoring the financial crime risk vulnerability of financial institutions. During a time when financial crime scandals are increasingly common, the EFRM looks to increase transparency in the finance industry. The EFRM evaluates more than 17000 financial …

Subjects: Financial System, Knowledge Management, Legal Research

The Covid vaccine means a return to work. And a wave of resignations

NBC News: “First, due to the uncertainty caused by the pandemic, many employees who would have otherwise quit their jobs stayed put. Indeed, using the Bureau of Labor Statistics Job Openings and Labor Turnover Survey to examine total (nonfarm) quits over the past two years, there were close to 6 million fewer resignations in 2020 …

Subjects: Economy, Financial System, Government Documents, Knowledge Management

Jobseekers: This is exactly what you need to know to get paid fairly

Fast Company: “…Data show the pandemic has set women back. According to the World Economic Forum’s Global Gender Gap Report 2021, the COVID-19 pandemic has added 36 years to the global gender gap. This is a defining moment that will set the direction for equal pay moving forward—both for women and for companies committed to …

Subjects: Economy, Education, Financial System, Knowledge Management

Postal banking could provide free accounts to 21 million Americans who don’t have access to a credit union or community bank

Via LLRX – Postal banking could provide free accounts to 21 million Americans who don’t have access to a credit union or community bank – About a quarter of census tracts with a post office don’t have a community bank or credit union branch, suggesting postal banking could provide a financial lifeline to the millions …

Subjects: Economy, Financial System

The Broken Promise of Retirement

The New York Review: “If the US does nothing to fix its retirement system, 2.6 million formerly middle-class workers will be plunged into poverty by 2022….Pensions represent more than their economic value. They carry a powerful moral recognition: workers deserve financial stability and the freedom it brings throughout their lives. Municipal and state employees contribute …

Subjects: Economy, Financial System, Poverty

Have we reached peak ransomware?

ZDNet – “How the internet’s biggest security problem has grown and what happens next. A string of high-profile cyberattacks has made ransomware an impossible issue to ignore – in fact, even world leaders are talking about it. Will this be enough to make cyber criminals think twice? Ransomware has become such a significant problem that …

Subjects: Cybercrime, Cybersecurity, Defense, Economy, Energy, Financial System, Government Documents, Internet, Medicine

Postal banking could provide free accounts to 21 million Americans who don’t have access to a credit union or community bank

Via LLRX – Postal banking could provide free accounts to 21 million Americans who don’t have access to a credit union or community bank – About a quarter of census tracts with a post office don’t have a community bank or credit union branch, suggesting postal banking could provide a financial lifeline to the millions …

Subjects: Economy, Financial System

Ransomware claims are roiling an entire segment of the insurance industry

Washington Post – “The recent surge of ransomware attacks is upending the cyber insurance industry, pushing up the requirements and cost of coverage just as more companies need it. Ransomware attacks — in which cybercriminals take over an organization’s computer network and demand a payment to hand back control — have increased in frequency and …

Subjects: Cybercrime, Cybersecurity, Economy, Financial System

Ransomware claims are roiling an entire segment of the insurance industry

Washington Post: “The recent surge of ransomware attacks is upending the cyber insurance industry, pushing up the requirements and cost of coverage just as more companies need it. Ransomware attacks — in which cybercriminals take over an organization’s computer network and demand a payment to hand back control — have increased in frequency and severity …

Subjects: Cybercrime, Cybersecurity, Economy, Financial System, Legal Research

The State of the Nation’s Housing 2020

Joint Center for Housing Studies Harvard University, The State of the Nation’s Housing 2020: “For most of 2020, the country has been beset by the COVID-19 pandemic, social unrest sparked by longstanding racial injustice, and the devastating impacts of climate change. Although low interest rates and continued growth in some sectors have bolstered homebuying and …

Subjects: Civil Liberties, Climate Change, Economy, Financial System, Housing, Legal Research