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ITA Pro Weekly, February 08, 2019

Cybersecurity tips, ITA LIVE 2019 registration discounts, and more from ITA.

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Viewpoints and Perspectives

Five Things to Consider When Evaluating Cyber Risk
by Jennifer Dumont

2018 was a banner year for big data breaches. Some of the biggest include Facebook, T-Mobile, Marriott and Ticketfly, just to name a few.  Millions of people had their personal data compromised, including locations, contacts, device information, addresses, phone numbers, and credit card information.
We have all heard about these large cyber hacks, some of which may have even affected you personally. But what most do not hear about are the small, everyday businesses that fall victim to data breaches--and the effects are devastating. 

Whether a company is private, non-profit or public, all types of businesses are at risk. Here are some basic tips you can share with your clients on how to evaluate their company's cyber exposure.  Read more...

Technology Trends and Tidbits
"Leveraging the power of advanced technologies—such as robotic process automation (RPA), machine learning, cognitive analytics, and natural language processing—could lead to even more fundamental changes in how risk management operates. These technologies may not only reduce operating expenses by automating manual tasks but also have the potential to improve effectiveness by automatically testing 100 percent of a set of transactions, rather than having humans test a sample, and by identifying potential risk events in real time to allow preventive actions to be taken. Yet, as they are employed more broadly—both in the risk management function and in the business units—advanced technologies also create additional risks that need to be managed."
Source: Deloitte Global Risk Management Survey, 11th Edition
Now is the Time...

Only One Week Left!

  • Nominations for the ITA Bridge Award must be submitted by next Friday, February 15, 2019. The ITA Bridge Award honors both insurance IT leaders and their business counterparts -- people who "bridge" the business and IT sides of their organization to create more efficient processes, implement cost-effective systems, develop streamlined operations, or just innovate or transform a particular business/IT area. Submit yours now at ITA Bridge Awards 2019.
  • Our early-bird registration fee of only $599 runs out on Friday, February 15, 2019. This small fee covers all educational sessions, group activities, and meals, including the Sunday group dinner and cocktail party. Register now at ITA LIVE 2019.
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