Networked medical devices are a double-edged sword: They have the potential to play a transformational role in health care but also may be a vehicle that exposes patients and health care providers to safety and cybersecurity risks such as being hacked, being infected with malware and being vulnerable to unauthorized access.
Modern cars have dozens of computers on board, and they’re not just for running GPS or playing music. Computers monitor and control nearly every system on your vehicle, including steering, brakes, and the engine itself. Modern vehicles have up to 50 different automotive IoT devices (computers) hackers can attack.
That we are living through a data explosion today is not news. Costs associated with data storage continue to drop. It is easier and easier to store data for longer and longer periods. And the technology driving all these changes doesn't like data to sit still - what else can be done with this data? What new combinations of this data will lead to new insights, to new products...and to new problems?
Cyber insurance is becoming increasingly important as companies rely more on digital systems and as cyberattacks, ransomware attacks, and data breaches become more prevalent. Many companies manage sensitive data, including credit card information, customer names and addresses, Social Security numbers, or other confidential information. If your company is affected by a cyberattack, you could find yourself dealing with costly lawsuits, data restoration expenses, and regulatory fines.
