April 20, 2021
How technology is changing business and lives
Verizon intros location tech more precise than GPS
Verizon is deploying Hyper Precise Location in at least 100 top US markets, saying that the real-time kinematics technology will provide location data that's accurate to a couple centimeters. The carrier added that HPL, which safeguards privacy by not sharing or storing user data, can enhance both the internet of things and intelligent driving.
Full Story: TechRepublic (4/14),  Telecompetitor (4/14) 
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Current and future cybersecurity issues
As enterprises migrate to the cloud, cybercriminals have already moved there: 61% of malicious payloads in 2020 arrived via cloud-based apps, up from 48% the year before, Netskope reports. Pros say solutions to consider include encryption and multifactor authentication.
Full Story: Security Intelligence (4/13) 
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FBI steps in to secure unpatched Exchange servers
(Chip Somodevilla/Getty Images)
The Federal Bureau Investigation has hacked hundreds of compromised Microsoft Exchange servers to remove backdoors that remained open post-patching in the wake of the Hafnium cyberattacks. After gaining permission via a court order, the FBI eliminated web shells to secure servers from future attacks, and it is now informing owners of the involved servers.
Full Story: SiliconAngle (4/13),  TechCrunch (tiered subscription model) (4/13) 
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Litigation Trends
Intellectual property, lawsuit, privacy and security news
Detroit is facing a lawsuit alleging that the use of facial-recognition technology resulted in the plaintiff's arrest in a theft case in which charges were later dropped. The plaintiff, a Black man, contends in his lawsuit that the technology is 100 times more likely to incorrectly identify people of color than it is to misidentify white people.
Full Story: Courthouse News Service (4/13) 
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Android phones collected and stored data even when customers disabled location history, contrary to what Google led them to believe, and an Australian judge has ruled that the company is liable. The decision affects accounts created between January 2017 and December 2018, and a Google spokesman said the company may appeal.
Full Story: TechRadar (4/16) 
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Governance and Regulation
Policy developments, legislation and regulatory news
Affordable broadband in New York State has become the focus of both recent legislation, which requires $15-per-month tiers from all internet service providers, and a philanthropic fund that gives some students free access. The $15 options will be available to eligible low-income households under the law, and must provide download speeds of at least 25 megabits per second.
Full Story: The Verge (4/16),  Deadline Hollywood (4/16) 
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Pay it Forward
How technology companies are improving the lives of others
Google.org is throwing its weight behind Open Climate Fix's online solar forecasting service by awarding more than $686,350 to the nonprofit under its Impact Challenge on Climate. The investment is one of many from Google's philanthropic arm, which has pledged about $11.96 million to advance green technologies.
Full Story: CNBC (4/14) 
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Aon News
Surviving a Hard D&O Market: A Guide for Risk Managers
Companies in 2021 can no longer think about D&O insurance the way they have in the past. While the hard market won't last forever, it will exist for the time being. This article provides a guide for risk managers on factors influencing the D&O landscape, best practices and alternative strategies for pricing.
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Corporate spin-off transactions
Management liability insurance programs for companies, public or private, are impacted significantly by spin-offs. This Client Alert discusses the considerations for a spin-off as it relates to management liability exposures and insurance.
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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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