Elon Musk discusses his concerns about AI | AI could ease debt collection for banks | Report: Firms increase spending on cybersecurity, compliance
July 18, 2017
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Disrupted
How technology is changing business and lives
Elon Musk discusses his concerns about AI
Elon Musk discusses his concerns about AI
Musk (Eric Piermont/AFP/Getty Images)
Elon Musk spoke about his concerns about artificial intelligence at a National Governors Association meeting, calling it "the biggest risk we face as a civilization." Musk said that the best solution for managing this risk is to work on regulations that proactively address the issues this tech creates.
CNET (7/16),  ReadWrite (7/17) 
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Hacked
Current and future cybersecurity issues
Report: Firms increase spending on cybersecurity, compliance
Investment firms are increasingly putting their information technology dollars toward cybersecurity and regulatory compliance, according to AUG Exchange's Asset Management Operations and Compensation Study for 2017. "They aren't doing it to be competitive, but to survive," said Robert Roley of SS&C Advent, which co-sponsored the study.
ThinkAdvisor (free registration) (7/17) 
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Report: Economic cost of worldwide cyberattack could reach $53B
The average economic losses from a worldwide cyberattack could reach as high as $53 billion, according to a report by Lloyd's of London and Cyence. Actual losses of such an attack could total as much as $121 billion, with underinsured organizations facing as much as $45 billion in losses that aren't covered, the report says.
Reuters (7/17) 
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Law, Regulation and Governance
Intellectual property, lawsuit, legislation, privacy, regulatory and security news
38 governors promise to improve cybersecurity
38 governors promise to improve cybersecurity
Dayton (Chip Somodevilla/Getty Images)
Minnesota Gov. Mark Dayton recently became one of 38 US governors to sign the Compact to Improve State Cybersecurity. As part of the agreement, governors said they would develop or boost cybersecurity practices to protect personal and government data in their states.
Star Tribune (Minneapolis-St. Paul, Minn.) (tiered subscription model) (7/14),  Minnesota Public Radio (7/14) 
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Litigation Trends
Developments in litigation
Judge: Google can keep some worker data from Labor Dept.
Judge: Google can keep some worker data from Labor Dept.
(Georges Gobet/AFP/Getty Images)
An administrative law judge has ruled Google does not need to provide the Labor Department with extensive details about employees. The judge cites data-privacy concerns and insufficient evidence of systemic pay disparity for the provisional ruling.
The Washington Post (tiered subscription model) (7/16) 
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Ohio judge allows pacemaker data in arson case
A motion by the attorney for an Ohio man on trial for arson and insurance fraud to suppress evidence from the client's pacemaker was denied Tuesday by Judge Charles Pater, who said the use of the man's health data was "not that big of a deal."
CNET (7/12) 
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Pay it Forward
How technology companies are improving the lives of others
Gates Foundation gives $375M to boost access to contraception
The Bill and Melinda Gates Foundation will distribute $375 million over a three-year period to provide women in the world's lowest-income communities with access to contraceptives. Melinda Gates also called on President Donald Trump to maintain spending for family planning programs, saying that "[i]f empowering women is more than just rhetoric for the president, he will prove it by protecting this funding."
GeekWire (7/11) 
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Aon News
Aon announces Q2 2017 earnings release and conference call
Aon plans to announce second-quarter and full-year 2017 results on Friday, Aug. 4, in a news release to be issued before the market opens. Greg Case, president and CEO, will host a conference call at 7:30 a.m. Central time on Aug 4. Read more.
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How to harness the talent of the on-demand workforce
There's no better time to get something than at exactly the moment you need it. The rapid growth of the "on-demand" economy, where goods and services are ordered online and delivered promptly, has meant a new way of doing business -- and working. How are businesses harnessing this on-demand talent? Learn more.
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About Aon Technology & Communications Practice
The Technology & Communications practice offers comprehensive solutions to uncover and identify the different components of risk that can affects the technology firms. Designed to improve coverage, reduce unnecessary costs and support strategic development, key Aon solutions for the technology industry include information technology services for the following companies – computer peripherals; computers/office equipment; semiconductors and other electronic components companies; internet services and retailing; computer software; telecommunications; network and other communications equipment.

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Aon Risk Solutions – Technology Practice
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eric.boyum@aon.com
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Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
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