Intelligence 2.0: Where Artificial Gets Real

There are days when we’d prefer for someone else to do the thinking for us – and these days, that wish is not so far-fetched! One of the more opportunistic developments has been the field of artificial intelligence (“AI”). With the overwhelming amount of data available to help us assess and evaluate matters, using AI to rapidly digest information presents a potential sea change in many industries. From language translation to diagnosing and treating cancer, it’s applications are far-reaching.

We’re excited to share our most recent whitepaper titled “The reality behind Artificial Intelligence” authored by Technology Risk Control Manager Tushar Nandwana. In this paper, Tushar explains the various forms of AI and how they function, describes several examples of AI and offers a view of risks and concerns.

To view our entire technology-focused whitepapers library, visit our dedicated technology insurance website.

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Cyber Risk Claims: An Inside View

As the interest in cyber insurance products escalates, getting a clearer view of claims trends is critical. NetDiligence, a cyber risk assessment and data breach services company, recently published a comprehensive analysis of reported data breach and other cyber event losses. Titled, 2016 Cyber Claims Study, the report was sponsored by OneBeacon Technology among others. Topics include the types of data exposed, causes of loss, business sectors involved, sizes of affected organizations, insider involvement, and third-party involvement. New analyses include:

  • Cloud involvement
  • Cyber extortion/Ransomware
  • Phishing
  • Phishing and wire transfer fraud
  • POS-related/common point of purchase/CPP investigations

Additionally, the costs associated with crisis and recovery services (e.g., forensics, notification, credit/ID monitoring, legal counsel and miscellaneous other), legal damages (defense and settlement), regulatory action (defense and settlement) and PCI fines are highlighted.

We invite you to download this whitepaper and to review our technology and life science library of whitepapers, visit our website resource library.

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International Privacy Governance

International privacy governance has been unsettled since last fall’s decision by a European Court invalidated the US-EU Safe Harbor program governing trans-Atlantic data transfers. The interim measure is a “Privacy Shield” program. If you have international exposures, being informed of this shifting international regulatory environment is important.

OneBeacon Technology Insurance is pleased to present a whitepaper authored by cybersecurity attorneys from Troutman Sanders LLC titled “US-EU Privacy Shield Program.” The report explains the program and its requirements, as well as the elements of the December 2015 decision to adopt the General Data Protection Regulation, which takes effect in 2018.

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Virtual & Augmented Reality: Ready or Not, It’s Here!

In the technology industry, we’re always on the lookout for the next new thing. From social media to gaming to life science, we can always be assured of emerging opportunities to improve our business and personal experiences. On the near-term horizon is the more prevalent use of virtual reality and augmented reality devices for both commercial and leisure activities. “Virtual and Augmented Reality: The Next Major Computing and Communication Platform” authored by OneBeacon Technology Risk Control Specialist Tushar Nandwana is the subject of our latest whitepaper. The whitepaper defines the technology, discusses the brands currently – or shortly – offering VR/AR devices and describes their varied applications. As well, it discusses the risks associated with VR and AR, including inherent limitations and concerns.

To access our complete technology whitepapers library, visit our website.

Mobile & Personal Cloud Computing

Understanding how to best manage the inherent risks associated with “Mobile and Personal Cloud Computing” is the subject of our newest whitepaper authored by OneBeacon Technology Insurance risk control specialist Edgar Germer. In this paper, mobile cloud computing (“MCC”) is defined, including the various provider service models. As well, MCC security and how to win the “battle of the breaches” are discussed.

We invite you to view our complete library of over 20 technology-focused whitepapers on our dedicated technology insurance website: onebeacontech.com.

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New Whitepaper from OneBeacon Technology: Personalized Medicine

OneBeacon Technology has just published a new whitepaper. Authored by risk control specialist Elizabeth Marazzo, “Personalized Medicine: A Healthcare Revolution”  discusses  technology that identifies individual patient biological markers, how personalized medicine protocols are subsequently developed and tailored, and the ethical, legal and social implications of this approach. Emerging healthcare provider challenges and risks are also presented.

Visit onebeacontech.com to access our full library of technology whitepapers addressing a broad range of emerging technologies and risks.

Wearable Convergence: Where Fashion and Technology Meet

Imagine wearing a jacket that taps you on the left or right shoulder indicating where to turn to reach your destination, or a ring that lights up when you have an incoming call or text message. Well these thoughts are already reality as technology becomes increasingly integrated to clothing and accessories. This emerging trend is the topic of our latest whitepaper titled “Wearable Technology: Function, Fit, Fashion Fun” authored by OneBeacon Technology risk control specialist Robert Morris. In this whitepaper, you will learn how various industries are weaving miniaturized computers into textiles and more to personalize technology. Bob also describes the current challenges such as battery life and privacy concerns, as well as directional opportunities. Even if you can’t see yourself wearing a health-tracking device, we’re confident that you’ll appreciate being aware of the power and functionality delivered through wearable technology.

Internet protocols: the next generation

These days, most of us take the internet for granted and rely on it for essential information ranging from weather forecasts to social media updates, texting, and online shopping or bill payments. What if the day came when you were unable to connect or had to share your connection, but only one person could be online at a time? Sound farfetched? Think again, as today’s “internet protocol” version (IPv4) is being sorely stretched, paving the way for IP version 6. Understanding these internet communication protocols and the impact of high web penetration is the subject of OneBeacon Technology’s latest whitepaper authored by risk control specialist Jack Morkovsky. Titled, “Comparing IPv4 and IPV6; Like comparing a beach ball to the sun” also addresses the risks faced by web-enabled devices owners and manufacturers to ensure compatibility with IPv6, which was adopted in 2012.

As insurance professionals, it’s important to recognize the broad impact of this new standard, as any technology company involved in R&D and manufacturing that somehow touches the internet must pay attention to these standards. We encourage you to review this paper and share it with your technology clients.

New Whitepaper: Molecular Detectives Lead to Personalized Medicine

The nostalgic feeling associated with doctors’ house calls reflects a classic one-to-one experience. However, today’s medical technology may have one-upped this approach through the emergence of “personalized medicine.” This new methodology relies on biomarkers to diagnose and establish treatment protocols based on each person’s unique characteristics. Furthermore, personalized medicine may transform the overall medical industry by enabling health-care providers to shift their emphasis from response to prevention.

Understanding the science behind personalized medicine is the subject of our most recent whitepaper titled “Biomarker. Molecular Detective: Personalized Medicine; the Next Generation of Diagnosis and Treatment” authored by OneBeacon Technology Risk Control Manager Mike Campbell. In this whitepaper, we explain biomarkers and how they can be used for detection and customized treatment, the FDA view, and the associated risks. You can also learn about our life sciences risk management capabilities on our website.