Bryce Goodman, Chief Strategist of AI/ML for the US Department of Defense, and Chris Finan, CRO of Symmetry Systems Inc., talk about using AI for cyber attacks and how it affects defensive roles in security.
by Nikhil Chawla
Underwriting is both art and science. It’s also qualitative and quantitative. Indeed, it’s objective and subjective. Underwriters are not unlike the baseball scouts in Moneyball. They consider run of the mill statistics like runs batted in, on base average and myriads of other data. They also consider countless subjective factors. They were awful. Billy Bean (the A’s GM) brought in a statistician. What happened? The Oakland A’s achieved the longest consecutive game winning streak in history. It holds strong to this day. Unfortunately, the A’s haven’t retained their edge. All teams have their quants now. And scouts have persisted. So, what will be the fate of the underwriter? Will they persist like the scouts, or are they headed for a ChatGPT enabled demise?
Background: In the landscape of hardware manufacturing, digital infrastructure intertwines with physical operations, creating vulnerabilities to cyber threats. Relying on interconnected systems like ERP and production databases makes manufacturing companies susceptible to severe cyberattack disruptions.
New advances in technology are rarely accompanied by updated data privacy laws. The combination of the digital age and dated legislation leads to complex litigations following large-scale incidents that can lead to costly payouts.
Resilience, a leading cyber risk management firm, today announced its launch of Technology Errors & Omissions (E&O) coverage for U.S. organizations with $300M–$10B in revenue. With $10M in limits available for both primary and excess placements, the E&O addition to Resilience’s existing cyber insurance offering is poised to further help clients mitigate and cover liability arising from technology products […]
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