Risk Management Monitor (2/27/2019)
The risk of not adopting some form of artificial intelligence (AI) can be much greater than the potential risks of implementation according to the new RIMS Professional Report: Making Sense of Artificial Intelligence and Its Impact on Risk Management. Authored by RIMS Strategic and Enterprise Council member and director, Microsoft Enterprise Risk Management Tom Easthope, the report explores forms of AI available to organizations, common implementations scenarios for risk professionals to consider, as well as opportunities for those professionals to advance their careers in light of the emergence of AI technologies.

Property Casualty 360 (2/27/2019)
The InsurTech transformation, powered by artificial intelligence (AI), is underway. What this looks like in practice, and not just theory, is taking shape. The explosion of AI in the insurance industry has been written about at length, with thoughtful analysis and predictions providing a big-picture view of where the industry is headed. However, what does this shift look like in a real-world scenario? How will it change the policyholder’s experience and claim handler’s role? What will it mean for subrogation and for mitigating risks?

Risk & Insurance Magazine (2/23/2019)
Risk is global; confidence is local. That's what the CNA Hardy Global Risk and Confidence Report concluded after surveying 1,500 business leaders from multinational firms across the globe. In total, 82 percent of business leaders believed they operate in a moderate to high risk environment. Twenty-two percent cited economic risk as their top concern, with cyber risk following close behind at 19 percent.

Compelo (2/21/2019)
When we think of cyber-attacks, we don't tend to picture the quiet mining of cryptocurrency -- but that’s exactly what’s involved in cryptojacking. The 2017 WannaCry, Petya and NotPetya attacks unveiled just how formidable the reach of hackers has grown, but a cyber-attack doesn’t have to cause widespread damage to be deadly.

CFO Magazine (2/27/2019)
"It sounds sort of scary," says Sam Srinivas, referring to the new approach to cyber risk management he’s helped develop at Google. "But it's even more secure." Hit by a wave of phishing attacks around 2009, the internet giant decided that, rather than merely bolster its firewalls and construct new virtual private networks (VPNs), it would hatch a new way of protecting its employees, clients, and assets.

Property Casualty 360 (2/26/2019)
Insurance organizations in coming years are projected to lose employees to retirement at a higher rate than young professionals joining the industry. Approximately 10,000 baby boomers will reach age 65 each day until the year 2030, according to the Pew Research Center. As innovation continues to flourish and take prominence in the insurance industry, the industry also will need people with different skill-sets to tackle emerging technologies, analytic techniques and data governance.

Risk & Insurance Magazine (2/27/2019)
Chinese and Iranian hackers have launched aggressive new attacks on businesses and government agencies in the United States, according to a new investigation by the New York Times. The Times spoke with seven people briefed on the Iranian attacks and nine intelligence officials, private security researchers and lawyers familiar with the Chinese attacks.

Inside Sources (2/25/2019)
Cyber attacks on hospitals and healthcare providers have become a regular occurrence. On Feb. 1, it was Easton Hospital in Easton, Pennsylvania. On Feb. 4, it was the Catawba Valley Medical Center in Hickory, North Carolina. On Feb. 20, it was the Calbrini Hospital in Melbourne, Australia.

Business Insurance Magazine (2/27/2019)
This month, two major fashion labels were forced to apologise and pull pieces of clothing after they were deemed offensive when appearing on the runway or for sale. First, Gucci advertised a black balaclava style jumper with a pull up neck and exaggerated red lips that covered the mouth area. Online the jumper was accused of imitating blackface, and the brand apologised and pulled it from sale.

Risk Management Monitor (2/25/2019)
Underpinning the heart of digital currencies, blockchain has graduated from being merely a buzzword to revolutionizing how companies conduct business. Services and products that are powered by blockchain pose financial and operational risks that can challenge traditional models. With new cryptocurrencies popping up regularly and law firms creating practice groups around it, blockchain is bound to impact your industry.

Canadian Underwriter (2/27/2019)
Chatbots are getting better at answering questions, and many Canadian insurers are taking a serious look at the technology, a fintech analyst said Tuesday. "Quite a few of the major insurers in North America are looking to chatbots as a way to enhance what they do," Nick Maynard, a senior analyst for Juniper Research Ltd., said in an interview.

Property Casualty 360 (2/26/2019)
California lawmakers are seeking a series of expansions on their strictest-in-the-nation privacy law, a terrifying prospect for tech industry lobbyists as Congress begins work on a bill that could collide with state efforts. Companies that amass user data could be the target of class-action litigation from state consumers if they're accused of violating the California Consumer Privacy Act, under a proposed amendment to the law filed Feb. 22.

Risk Management Magazine
Predicting the future can be both fun and nerve-wracking. On one hand, you can never truly know what the future holds, and if you are wrong you can always chalk it up to chance or unforeseen events. On the other hand, forward-looking thinking is crucial in risk management in order to be prepared for what might be thrown your way. Not all of your predictions will be spot on, but keeping your eyes on the horizon -- with brief glimpses in the past to reflect -- is key to successful risk management.

RIMS Webinars
Happening today, February 28, Jonathan Wood, Director at Control Risks, will discuss the top five risks for global business in the year ahead. He will strive to clarify a world that is transitioning to a new order, and discuss how the challenges that global organizations face today come with tremendous opportunities for those able to apply a new mindset to risk management. This webinar is free for members.