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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

trillion by 2025, a 300% increase since 2015 1. London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. Best and A+ by Fitch.

Risk 189
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Texas enacts comprehensive privacy law

Data Protection Report

On June 13, 2023, the Texas Governor signed HB4 , making Texas the tenth state to have a comprehensive privacy law, joining California, Colorado, Connecticut, Montana, Virginia, and Utah (all in effect or going into effect in 2023), Montana and Tennessee (which, like Texas, go into effect in 2024), Iowa (effective 2025) and Indiana (effective 2026).

Privacy 84
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2022 Cyber Security Review of the Year

IT Governance

Social distancing restrictions were gone, masks disappeared and we made travel plans unfettered by fear of positive lateral flow tests. These were truly precedented times. Cyber criminals continued to wreak havoc, with the likes of Twitter , Uber and Neopets all reporting mammoth data breaches. Other attacks had more broadly political motives.

Security 132
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How to choose the best AI platform

IBM Big Data Hub

” When observing its potential impact within industry, McKinsey Global Institute estimates that in just the manufacturing sector, emerging technologies that use AI will by 2025 add as much as USD 3.7 .” Of this, PwC estimates that “USD 6.6 trillion is likely to come from increased productivity, and USD 9.1 trillion in value.