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.
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.
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.
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.
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.
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."
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."
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.
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.
Learn more about Aon Technology and Communications:
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.
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.