Norwegian startup trains AI to predict natural disasters
7Analytics trains AI on diverse data for precise disaster predictions, offering insights and alerts for proactive risk management and enabling targeted insurance premium adjustments. [ more ]
Wildfire Science Gets a Boost from Worried Insurance Companies
The U.S. insurance industry is investigating how wildfires spread through urban areas to better understand and mitigate their impact.
Wildfires are a relatively new major issue for the industry, resulting in less advanced science and data compared to other natural disasters such as hurricanes. [ more ]
Pro-Russia hacktivists attacking vital tech in water and other sectors, agencies say
Pro-Russia hacktivists target critical infrastructure sectors in North America and Europe, exploiting cybersecurity weaknesses and causing physical threats. [ more ]
Rithm delivers $261M profit in Q1, continues to evaluate mortgage biz spinoff
Rithm Capital reported a profitable first quarter in 2024, driven by positive results from its mortgage division, particularly in servicing and origination.
The company is considering the possibility of taking its mortgage business public in the future. [ more ]
Simplifying global payouts: Proven strategies and essential tools
Managing payouts efficiently is crucial for businesses to navigate challenges such as global operations, risk management, optimizing costs, and operational inefficiencies. [ more ]
Tracy Stephan appointed as FHFA's Chief Artificial Intelligence Officer (CAIO) alongside existing role in Office of Financial Technology.
Stephan's appointment aligns with President Biden's executive order to establish policies, standards, and risk management strategies for AI in government agencies. [ more ]
Google Cloud Launches Security Command Center Enterprise
Security Command Center Enterprise integrates Mandiant expertise and Generative AI for proactive and simplified cloud security.
The solution bridges the gap between cloud security and enterprise security operations, enabling organizations to manage and prioritize cloud risk effectively. [ more ]
Shareholders win when businesses do better at cyber | Computer Weekly
Organizations with advanced cybersecurity practices have a significantly higher shareholder return. Boards engaged in cybersecurity issues are critical for success. [ more ]
The European Parliament approved the first framework for AI regulation, focusing on mitigating risks and making technology more 'human-centric'.
The AI Act categorizes AI products by risk level to adjust scrutiny, setting the EU at the forefront globally in addressing AI-related dangers. [ more ]
Gartner: Three top trends in cyber security for 2024 | Computer Weekly
Preparation and pragmatic execution are crucial to address disruptions in cyber security programs.
Investing in effective risk management of third-party services, enhanced security for the identity fabric, and continuous monitoring of hybrid digital environments can strengthen an organization's resilience. [ more ]
AI could be tapped to design weapons of mass destruction, DHS warns
The Department of Homeland Security released guidelines to mitigate AI risks in critical infrastructure and the development of weapons of mass destruction. [ more ]
US Department of Homeland Security names AI Safety and Security Board members
The formation of an Artificial Intelligence Safety and Security Board raises challenges due to the varied interpretations of AI's applications and potential risks. [ more ]
Ecommerce Business Insurance 2024: Find Affordable Coverage - Shopify
Insurance is crucial for businesses, offering protection from risks like cyber attacks and product liability. Understanding insurance products is key to selecting the appropriate coverage. [ more ]
Pre-sales in the cryptocurrency market offer investment opportunities before tokens are listed on exchanges, with potential for future value appreciation.
Participating in pre-sales involves significant opportunities for investors but also comes with unknown risks, including scams and project failures. [ more ]
The Family Renovation Project: A Blueprint For Integrating Legal Teams In AI Initiatives
The analogy of a home renovation project can illustrate the importance of integrating legal teams into organization-wide AI projects.
Legal teams play a role in ensuring compliance and risk management in AI projects, just as safety inspectors balance aesthetics with safety in a home renovation. [ more ]
The 3 Paradoxes of Cloud Native Platform Engineering
Organizations can achieve their software goals by creating a clear roadmap and aligning it with their business objectives. They should also prioritize regular communication and collaboration between different teams and stakeholders.
It is crucial for organizations to manage risks effectively and have a contingency plan in place to address potential pitfalls that may arise during software development. [ more ]
The European Union has reached a provisional agreement on the AI Act, the first-ever comprehensive legal framework on artificial intelligence worldwide.
The AI Act focuses on identifiable risks and categorizes AI systems based on their impact on rights, with different levels of regulation for each category. [ more ]
Recordings show how the Mormon church protects itself from child sex abuse claims
A Utah attorney and head of the Mormon church's Risk Management Division employed a risk management playbook to keep child sexual abuse cases secret.
The Mormon church discouraged a bishop from testifying in a trial involving allegations of sexual abuse, citing a law that exempts clergy from sharing information obtained during confession. [ more ]