connected devices News

Data-Driven Insurance Future Clouded by Data Ownership Uncertainty

Insurers need to learn to share their data if they want to take full advantage of the mountain of information generated from connected devices, insurtech executives say. Along the way, somebody’s got to figure out who owns the data. Presentations …

Firms Using Connected Devices Not Worried About Increased Cyber Risk: Survey

Business that use artificial intelligence, drones, robotics, wearable sensors or other connective technologies can increase their chance of being a cyber attack victim because these technologies give cyber criminals new access points into a company’s IT infrastructure if not properly …

Cyber Attacks on U.S. Power Grids Can Be Deterred With Password Changes

A key to preventing cyber attacks from crippling U.S. power grids could be changing passwords on internet routers, wifi-connected thermostats and smart lawn-sprinklers. “A significant share” of internet attacks result from unchanged factory default passwords on web-connected devices that allow …

Millions of Devices in Europe Remain Undefended Against Cyber Attacks: Report

A year after a wave of denial-of-service attacks knocked out major websites around the world, millions of unsecured printers, network gear and webcams remain undefended against attack across major European cities, a report published on Tuesday said. Computer security company …

RSA Insurance Invests in UK Dog Care Fintech Company, Pitpatpet

RSA Insurance has made its first external investment in a fintech company, Pitpatpet Ltd., the Cambridge, England-based creator of the PitPat dog activity monitor and dog care intelligence data platform. PitPat attaches quickly and securely to a dog’s collar where …

Can Your ‘Smart’ Appliances Be Trusted with Your Personal Data? Probably Not…

Your fridge is getting so smart, security-software maker Kaspersky Lab thinks you probably shouldn’t trust it. As makers of household appliances fill their machines with computer chips to make them smarter, consumers and privacy watchdogs should beware the data collected …

SoftBank & Honda Aim to Develop Talking Cars that Read a Driver’s Emotions

On the heels of its $32 billion takeover of chip designer ARM Holdings, SoftBank Corp. founder Masayoshi Son is embarking on another “crazy idea”: talking cars that can read a driver’s emotions. The Japanese telecommunications and internet corporation said on …

Global Insurance Fintech Investment Grew by 237% in 2015: Accenture Research

While insurance historically has been a laggard in the fintech race, it is increasingly a high-growth investment area in the fintech field, according to research from Accenture. Accenture’s fintech research reveals that the overall increase in global insurance investment levels …

Insurers See Impact from Wearable Devices Within 2 Years

Nearly two-thirds of insurers expect wearable technologies to have a significant impact on the industry, according to a survey in Accenture’s annual Technology Vision report. The survey of more than 200 insurance executives across nine countries found that 63 percent …