AI APPLICATIONS
“ Companies are allowing employees to work from home as well as offices . A challenge is moving around with portable devices ” PROF RAJ MUTTAKRISHNAN
you move around with portable devices . We have been looking at the Internet of Things - devices like the smart speaker , smart Alexa , smart fitments and even smart coffee machines . When people start moving around between environments seamlessly and using devices for both corporate and personal use , there are a lot of security problems we will encounter .”
To this end , Muttukrishnan adds the UK government is pushing for everyone to have cyber insurance in what is known as Cyber
Essential Plus . He offers an example that a company can ’ t tender for a government scheme without having the Cyber Essential Plus because , for many organisations , it is now a mandatory requirement .
So what is cyber insurance , and are there any sticking points ? Cyber insurance is , by its very nature , designed to protect organisations against the clear fallout of attacks , including covering the financial costs of dealing with incidents . However , there are critics who argue that insurance encourages victims to simply pay the ransom that will be covered by the insurers rather than have adequate security to deter hackers in the first instance . Think Tank , Royal United Services Institute , according to its research , believes cyber
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