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Security

AIG Is Now Selling Cyber Insurance, But Only To High Net Worth Individuals (securityledger.com) 42

chicksdaddy writes from a report via Security Ledger: It turns out that the rich really aren't like everyone else -- they have more cyber insurance. That, after insurance giant AIG announced Monday that it has started offering cyber insurance to protect individuals and families from ransomware attacks, data theft and cyber bullying, The Security Ledger reports. But don't go looking to sign up at Wal-Mart: the service is only available to AIG's Private Client Group, which caters to high net worth and ultra high net worth individuals and families. The service is the first of its kind to provide what insurers call "first party coverage" -- basically: insurance to make the affected party whole after an adverse incident. In a sign of the times, AIG said it will pay for things like school relocation for children traumatized by cyber bullying and ransom to cyber criminals in the hope of restoring data and technology held hostage by crypto-ransomware. Private Client Group customers must have real estate or other assets like boats or art with a value of more than $1 million, said Jerry Hourihan, president of AIG's Private Client Group for the U.S. and Canada. Hourihan said that the new service is based on similar insurance that AIG offers to businesses and is a response to inquiries and demands from its high net worth clients, who have become increasingly concerned about cyber threats, he said. The insurance would be purchased as a so-called "rider" to a traditional home insurance policy and add about 10% or 15% to the annual premium. It's not a big stretch for AIG because it turns out there's not much daylight between really well off families and businesses. "Our clients have domestic employees and family offices to help manage their lives. They take on quasi commercial exposure," Hourihan said. There are no immediate plans to offer similar protections to families of ordinary means, despite a recent survey by the firm Accenture that found as many as 1 in 4 Americans has been the victim of data theft. (https://securityledger.com/2017/02/silent-epidemic-data-theft-has-become-a-public-health-crisis-digital-guardian/)

Comment Lack of Vision (Score 1) 230

They should have changed their business model while they had opportunity to do so at the time when browser proliferation started and Flash content was dominant on the web. They should have licensed the Flash standard to web browser developers so they could implement their own Flash engines, instead of sticking to "ActiveX" kind of in-house plug-in development.

That way they could have kept control over the technology while concentrating only on creative things (audio-visual presentation) they knew how to do best.

Comment Serbia?! (Score 2) 83

I find it offensive that the submitter and editors emphasized that the software is made in Serbia and highlighted it in the title. They could have said "outside USA" but I guess when you say "Serbia" it sounds a lot more serious. Looking at some of the posts here I see that for some of you it actually does.

Crooked software is made in many countries. Perhaps the choice of the company wasn't really based on where the company was based but the quality of service. There are many excellent software companies in Serbia. Just check this out. And this, and this...

I get the point that voting software is too sensitive to be outsourced but if you're going to outsource it then software company based in Serbia is probably one of the better choices.

Comment Re:This pretty much sums up IoT ... (Score 1) 149

Internet of things is a thing. I've been following the subject of IoT for some time. In the beginning It didn't really look like a thing to me either and that's perhaps because just few months ago it didn't have enough of a shape to call it a thing or I just didn't know enough about it.

In my books, I call something technology if it comprises of set of problems and solutions to those problems. Here's what IoT problems (and solutions) are:

1) Measuring values in physical world and sometimes changing physical world as response to commands (sensors and actuators)
2) Transporting measurements to computing centers where they can be analysed and acted upon (wired and wireless communication hardware and protocols)
3) Power independence for measuring devices (hardware that consumes low power where needed or harvests power from surrounding sources)
4) Information storage and processing (usually cloud storage and data pipelines like queues or streams followed by services that process information and/or store it)
5) All problems above involve additional dimension, everyone's favorite these days - scalability (massive number of devices collecting data frequently, sending it over through communication channels for processing in cloud)

Here's just one simple idea of how IoT can make city better. Imagine a smart waste disposal bin used for compostable waste. It collects information about how much waste is in it and sends the information over to Smart City's cloud "application". Every morning this application forms a map of places where garbage disposal truck needs to visit to collect garbage. It also allocates enough trucks for the work and optimizes their route for the day. This may reduce cost of fuel and reduce truck maintenance cost by optimizing number of trucks used daily. Citizens are happy because their compostable garbage isn't left to rotten (and stink) for long time.

Further more, data analytics team may use the information to extract patterns. For example, how much waste is generated in certain part of the city on a football game day or on bad weather day and use it for truck fleet management.

Of course, this example may be solved in some other way or may not reduce costs at all, but that may also be considered as problem in IoT - how much the solution costs and is it worth it and ultimately, how to reduce the cost and complexity of application so that IoT is more often worth it.

To summarize, IoT is a thing. It may not be necessary in many solutions but in some it probably is good option or will be. Still, for sure, it's a thing.

Comment Re:Greetings from Argentina (Score 1) 294

Having big inflation and wild currency value fluctuations is not normal and requires identifying the source of the problem and detailed plan of action. Without that I would say the situation is quite desperate. Going "cashless" sounds like plan and I would agree, not a good one.

Your post suggest the government has the plan and its execution is yielding positive results. Is that so or are people getting used to despair because they know how to navigate it?

Comment 13 years later (Score 3, Interesting) 166

It's a rainy night. Mulder is sitting in an empty low-lit bar. His head rests on his arms. There's few empty glasses on bar table in front of him. Broody country tones fill the space.

Scully walks in with intention. She spots Mulder and shakes the rain off her coat. He doesn't see her as she walks over. She stops right beside him.

Scully: "Your online dating profile says you're blond."
Mulder (chuckles): "It's funny, you sound just like someone I knew long time a..."

He lifts his head off of his arms and meets her eyes. His face expression changes into bewilderment.

Mulder (whispers): "Scully?!"
Scully: "Hello, cowboy. We're back!"

(intro titles cut in, followed by commercials. Twitter explodes, Facebook explodes, Instagram explodes)

Comment Why such dumb algorithm? (Score 1) 218

With Facebook being all about making sense of data for advertising purpose you would expect they would come up with some smart algorithm that would figure out the actual context behind posts. I'd expect Facebook to know when people are happy, sad, angry, drunk, silly etc. when they post and use that information not only for targeted advertising but for the benefit of their users.

Comment Re:It's a fail - almost certainly (Score 1) 334

Since when was 1981 in the seventies?

Well yeah, it was shot early eighties, and it started screening in 1982 but there was *a lot* going on before they started shooting, so the whole idea for the movie developed in the seventies.

Anyway, you're right - I therefore correct my previous statement by replacing "seventies" with "early eighties".

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