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 ]
Become your organization's cybersecurity expert with this $79 bundle
The training covers CISSP, CASP+, CISM, and more.With a rise in cybercrime, cybersecurity is an essential focus for businesses in every industry these days.But hiring a complete security or IT team isn't an expense that every business can afford.As such, this may be an opportunity for those with a cybersecurity mindset.
The US Cybersecurity and Infrastructure Security Agency (CISA) this week announced adding more experts to its Cybersecurity Advisory Committee (CSAC) and updating the baseline cybersecurity goals introduced last year.CISA on Monday announced over a dozen new members of the CSAC, whose role is to advise the agency's director on policies and programs.
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 ]
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 ]
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 ]
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 ]
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 ]
Too many organisations are taking a reactive approach to procuring cyber security services and solutions, reaching for the phone only after a problem has arisen, and thus hindering the ability of security pros to demonstrate value and properly align with business outcomes, according to a study published today by WithSecure.
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 ]
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 ]
London charity worker's suicide sparks calls for greater awareness of body dysmorphia
A beloved charity worker from London took his own life following a lengthy battle with body dysmorphic disorder (BDD) - igniting calls for better awareness of the debilitating condition.Conrad Colson, 34, died by suicide last March after suffering from severe BDD, primarily concerning the appearance of his skin.
Army missed chances to prevent suicide of Sandhurst cadet Olivia Perks, inquest finds
1. The Army failed to take action to prevent the suicide of Sandhurst Cadet Olivia Perks, according to an inquest. 2. The inquest found that the Army failed to properly investigate Perks' mental health issues and took insufficient action to address her concerns. 3. The inquest also
Missed opportunities to prevent suicide of officer cadet at Sandhurst inquest
The Army missed opportunities to prevent the suicide of a positive and bubbly officer cadet at the prestigious Sandhurst military academy, an inquest found.Olivia Perks, 21, was found hanged in her room at the elite military training school in Berkshire on February 6 2019.Coroner Alison McCormick recorded a conclusion of suicide at the end of the inquest on Friday, with her medical cause of death recorded as asphyxia due to hanging.
UK Cyber Security Council launches certification mapping tool | Computer Weekly
The UK Cyber Security Council has launched the first phase of a certification mapping tool designed to help developing cyber professionals map all available security certifications onto 16 previously identified specialisms - which are collectively based on the Knowledge Areas contained in the Cyber Body of Knowledge (CyBOK).
Banks have three lines of defense for managing risk - and then regulators are the fourth line of defense.In the case of Silicon Valley Bank, all four failed.If banks want to manage risk better, one good place to start is making sure a Chief Risk Officer is in place and a board-level risk committee is in place.
6 Characteristics of Companies That are Successfully Building AI
With considerations that include user experience, business impact, technical design, and risk management, it's easy to get lost in the many priorities of building AI.And without adopting the right mindset and approach to responsible AI design, your organization risks a number of unintended consequences.
Fannie and Freddie address loan-repurchase complaints
Executives from both government-sponsored enterprises (GSEs) participated in a session on Tuesday morning during the Mortgage Bankers Association (MBA) Secondary and Capital Markets Conference and Expo in New York.I totally understand where the question is coming from.But I don't think this is really a question about the process.
How ChatGPT can help you work more efficiently and generate more leads
ChatGPT, the AI chatbot, has taken the world by storm over the past few months.It took Netflix 3.5 years to reach one million users, Facebook ten months and Spotify five months.ChatGPT got to the first million users in five days.In two months after that, ChatGPT reached 100 million active monthly users.
The Weekly Notable Startup Funding Report: 5/22/23
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track.The notable startup funding rounds for the week ending 5/20/23 featuring funding details for Obie, Prime Roots, Ethernovia, and sixteen other deals representing $794M in new funding that you need to know about.
Podbean, a leading enterprise podcast hosting solution provider, announced that it has successfully achieved SOC 2 Type II compliance in accordance with the American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations, also known as SSAE 18, This certification demonstrates Podbean's commitment to providing enterprise-level security for current and future customer data stores within the Podbean System.
How does Quantum Computing Impact the Finance Industry?
Based on the World Economic Forum's estimate from 2022, national governments have invested more than $25 billion in quantum computing research, and over $1 billion in venture capital deals were closed in the previous year.Quantum computers (QCs) are in the early stages of development, and there are many technical challenges that need to be overcome before they can become practical tools for everyday use.
AI Technology - Governance and Risk Management: Why Your Employee Policies and Third-Party Contracts Should be Updated
Use of AI technology can impact your rights and liabilities in ways that may not even occur to you.And whether you are aware of it or not, your employees and vendors may be using generative AI tools in the performance of their duties in ways that can significantly impact you.The FTC has made clear that ignorance is not bliss when it comes to your liability associated with use of these tools.
Editor's note: Chakri Cherukuri is a speaker for ODSC Europe 2023 this June.Be sure to check out his talk, "Fast Option Pricing Using Deep Learning Methods," there!In finance, options are financial instruments that give the holder the right to buy ( Call option) or sell ( Put option) the underlying asset (price S) at a fixed price (Strike K) on (or before) a fixed date (Maturity T).
What caused the banking meltdown? Federal regulators testify
Silicon Valley Bank imploded due to mismanagement and a sudden panic among depositors, a top Federal Reserve official plans to tell lawmakers at a hearing on Tuesday.In prepared testimony released on Monday, Michael Barr, the Fed's vice chair for supervision, details how SVB leadership failed to effectively manage interest rate and liquidity risk.
Silicon Valley Bank imploded due to mismanagement and a sudden panic among depositors, a top Federal Reserve official plans to tell lawmakers at a hearing on Tuesday.In prepared testimony released on Monday, Michael Barr, the Fed's vice chair for supervision, details how SVB leadership failed to effectively manage interest rate and liquidity risk.
Many of world's biggest banks lack transparent policies for responsible AI | Computer Weekly
Many of the world's biggest banks lack transparency in how they are developing the artificial intelligence (AI) that could be used in future decision-making and risk management.A study of the 23 largest banks in Europe, the US and Canada found eight that have not publicly reported their responsible AI principles.
Jerry Hughes: Chicago firefighters can save lives by installing smoke alarms in at-risk residences
Smoke inhalation is the No. 1 cause of death in residential fires.Having a working smoke alarm reduces the chance of getting killed in a fire by more than half, according to the National Fire Protection Association.In 2010, the Chicago Fire Department was awarded a Fire Prevention and Safety grant by the Department of Homeland Security for which it received 16,000 long-life, 10-year lithium-powered smoke alarms with additional funding for 6-foot step ladders and cordless drills.