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Cybersecurity
Amanda Conklin June 17, 2019 Posted in: Blog Posts, Cyber
During the recent Pinnacle University event, I discussed the growing challenges of the cybersecurity industry in today’s evolving technological world. The importance of advanced measures and practices and how actuarial modeling techniques can be applied to the cybersecurity industry were also discussed. 
Cybersecurity: Managing the Risk of Being a Target
Multiple August 07, 2018 Posted in: Blog Posts, Cyber

This past March, a ransomware attack caused government operations in Atlanta to come to a complete standstill. It left courts unable to process warrants, residents unable to pay bills online, and travelers unable to use airport Wi-Fi. Attacks like these have become the rule rather than the exception for businesses, with former FBI director Robert Mueller saying it best: “…there are only two types of companies: those that have been hacked and those that will be hacked.” Everyone is a target, so the seeming inevitability of becoming a hacking victim has now made risk management strategies more important than ever.

Data Breach at Equifax
Laura Maxwell September 26, 2017 Posted in: Blog Posts, Cyber
The recent Equifax breach of 143 million individuals’ personal data was announced September 7, 2017. The hack included social security numbers, birth dates, addresses, driver’s license numbers and might also include credit card numbers. According to Privacy Rights Clearinghouse, “The number of people impacted and the sensitivity of the breached information may make this the most significant data breach ever.”
May I Have Some Neural Networks with My Insurance Data, Please?
Machine learning techniques, particularly Artificial Neural Networks (ANNs), have enjoyed an upsurge in popularity and practical applications in a myriad of disciplines.  The explosion in the variety and volume of available data, coupled with cheap data storage and fast computing power, have placed ANNs front and center in data scientists’ tool boxes. 
Insuring Reputational Risk
Joe Herbers June 20, 2017 Posted in: Blog Posts, Cyber, ERM, Insurance / Insurers
How does an organization protect itself from reputational risk? Purchasing cyber liability coverage, adding safeguards to its IT systems, ensuring its employees behave in a professional manner both inside and outside the company walls and paying close attention to social media platforms come to mind. But are all of these even enough? Most organizations understand they must plan ahead and be prepared to get out in front of an adverse event to reassure their audiences that business will go on as usual.
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