Banks capitalize on digital-ID operations | Firm says its proactive efforts guard against cyberattacks | How businesses can protect themselves with resource management
May 23, 2017
How technology is changing business and lives
Banks capitalize on digital-ID operations
Banks are supporting digital-ID initiatives as threats to information security increase. USAA has acquired companies in this space; BBVA Compass is collaborating with Dwolla for tokenization authentication on real-time payments; and Capital One has introduced business-to-business digital-ID tools for consumer verification.
American Banker online (free content) (5/17) 
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Current and future cybersecurity issues
Firm says its proactive efforts guard against cyberattacks
Shutts & Bowen added a full-time cybersecurity expert, became part of the Legal Services Information Sharing and Analysis Organization and simulated spear-phishing attempts to prepare its cyberattack response. "Every lawyer has a duty to become familiarized with technology and take reasonable steps to protect the client," partner Jonathan Cohen said.
Daily Business Review (Miami) (tiered subscription model) (5/22) 
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How businesses can protect themselves with resource management
As cyberattacks increase and become more complex, companies need to focus on resource management to best protect themselves, Christopher Mims writes. Some basic "security hygiene" tips include using the cloud, investing in technology with "baked-in security" and making sure IT staff members can also handle cybersecurity.
The Wall Street Journal (tiered subscription model) (5/21) 
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Law, Regulation and Governance
Intellectual property, lawsuit, legislation, privacy, regulatory and security news
Republican-supported bill would clamp down on browsing data use
Rep. Marsha Blackburn, R-Tenn., has put forward a bill called Balancing the Rights of Web Surfers Equally and Responsibly Act of 2017, which would require digital publishers, social platforms and internet service providers to get opt-in consent before using or disseminating consumers' sensitive information. That information would include browsing, app-usage and location data.
Advertising Age (5/21) 
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SEC offers advice for firms in ransomware alert
Firms should conduct cyberrisk assessments, update software and perform vulnerability tests, according to a ransomware alert issued by the Securities and Exchange Commission's Office of Compliance Inspections and Examinations. Meanwhile, recent developments suggest that the SEC could increasingly rely on big data in its examination of firms. Expert Joel Bruckenstein interviews expert Brian Edelman in this podcast from the AICPA PFP Division on the topic of ransomware and cybersecurity.
Financial Planning online (5/18),  Financial Planning online (5/16) 
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Litigation Trends
Developments in litigation
Judge dismisses Hamas-related claims against Facebook
US District Judge Nicholas Garaufis has thrown out a lawsuit that accused Facebook of violating the Anti-Terrorism Act because users of the platform were affiliated with Hamas. Garaufis also dismissed another case that alleged that Facebook put Israeli residents at risk by not removing Hamas-related content consistently.
Ars Technica (5/19) 
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Pay it Forward
How technology companies are improving the lives of others
Chan Zuckerberg Initiative plans major investment in College Board
Chan Zuckerberg Initiative plans major investment in College Board
Chan, Zuckerberg (Adam Berry/Getty Images)
The Chan Zuckerberg Initiative plans to donate an undisclosed sum to College Board, a nonprofit that helps students pursue secondary education. CZI President Jim Shelton said the collaboration would "dramatically expand access to unique, personalized learning opportunities," particularly for students from low-income and rural areas.
International Business Times (5/17) 
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Aon News
Webinar: Stroz Friedberg, an Aon company, presents "Are You Ready?"
Success demands resilience in the face of rapidly evolving cyberrisks. Digitization and connectivity drive cost efficiency, speed and better customer experience. These same trends also expose the enterprise to rapidly evolving cyberrisks. Join us at 11 a.m. Eastern on Tuesday, May 30, for the "Are You Ready?" webinar series, in which we will explore actionable ways for organizations to achieve cyberresilience. Register.
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"4 Lessons and 7 Questions From the WannaCry Ransomware Attack"
On May 12 we experienced one of the most widespread cyberattacks in history. WannaCry, a ransomware virus, hit computers in London, locking computer screens and demanding a ransom of up to $600 in bitcoin to unlock them. Businesses have consistently rated cyberthreats as one of top risks they face, and this most recent event reminds us why. "WannaCry's wormlike behavior and its ability to easily propagate across the organization make this a particularly dangerous strain of ransomware," says Ed Stroz, co-president of Stroz Friedberg, an Aon company. With cyberrisk on the rise and business interruption a growing concern, what key lessons can organizations learn from the WannaCry incident? Read 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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Aon plc (NYSE:AON) is a leading global provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 72,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative risk and people solutions. For further information on our capabilities and to learn how we empower results for clients, please visit:
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