Safeonline Emerging Technology Risks: Physical Biometrics

Introduction

Physical characteristics (biometrics) have become increasingly popular as a method of authentication. They are static, highly resistant to alteration, non-transferable and cannot be misplaced or forgotten. According to a Spiceworks report, a professional IT network, up to 90% of organisations will be implementing biometrics by 2020. This is a reaction to the 1,579 high publicity data breaches that occurred in 2017 and exposed over 179 million personal records.

While physical biometrics have certainly been instrumental in providing a high level of authentication, it is unsurprising that they have seen a range of hacking attacks and regulatory issues.

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Insurance Times Awards Finalist

Safeonline are thrilled to announce that they have been shortlisted for the Excellence in Technology Broker Award at the Insurance Times Awards 2018.

Safeonline has spent the past year developing their online portal iQ, which enables brokers to access cyber insurance quotes and formal documentation in the space of only 20 seconds.

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Safeonline Emerging Technology Risks: Artificial Intelligence

Artificial intelligence (AI) is the processing of machines and computer systems to stimulate human intelligence; this can include learning, reasoning and self-correction. There are multiple versions of AI and they are most commonly split into two categories; weak AI, and strong AI. Weak AI is a system that is trained for a specific task, for example a virtual personal assistant such as Apple’s Siri. Strong AI on the other hand, is an AI system with generalised human cognitive abilities so that when it is presented with an unfamiliar task it has the intelligence to find a comprehensive solution.

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Safeonline Emerging Technology Risks: Ransomware

In the past, ransomware was a tool utilised only by the smartest of hackers, in high profile and highly destructive planned attacks. While the effects have always been detrimental, the probability of being subject to a financially crippling attack was extremely low. Unfortunately, this is no longer the case. It is no secret that businesses and individuals alike are at risk of a cyber-attack, with nearly 50% of all businesses suffering a breach in some form or another.

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