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How Insurance Companies Use Data To Measure Risk And Choose Rates

Smart Data Collective

Here is the type of data insurance companies use to measure a client’s potential risk and determine rates. Traditional data, like demographics, continues to be a factor in risk assessment. Teens and young adults are less experienced drivers and, therefore, at risk for more car accidents. Demographics. This includes: Age.

Insurance 108
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OpenAI sets up new safety body in wake of staff departures

CIO Business Intelligence

OpenAI’s creation of a new safety committee at board level follows a string of departures and bad publicity around the company’s attitude to safety, including the dispersal of a “superalignment” team focused on long-term risks led by ex-chief-scientist Ilya Sutskever, who left the company two weeks ago. He’s not alone in that believe.

Risk 57
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India’s advisory on LLM usage causes consternation

CIO Business Intelligence

The ministry’s reaction, in the form of an advisory issued Friday, has attracted criticism from India’s IT sector because of the restrictions it places on innovation and the compliance risk it places on some enterprises. While hyperscalers can implement measures to mitigate bias, claiming absolute neutrality may not be feasible.

Testing 128
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Alation Expands Commitment to Data Security and Privacy Through ISO 27001, ISO 27701, and SOC 2 Type II + HITECH

Alation

Indeed, every organization that collects and manages data must ensure responsible data usage and appropriate cybersecurity measures are in place. Otherwise, they run the risk of illegal usage from within or a malicious breach from without. With this shift, opportunities to leverage data more powerfully increase, but so do the risks.

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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

But in 2013 and 2014, it remained stuck at 83% , and while in the ten years since, it has reached 95% , it had become clear that the easy money that came from acquiring more users was ending. Yet many of the most pressing risks are economic , embedded in the financial aims of the companies that control and manage AI systems and services.

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Online Traders Need to Take the Threats of Data Breaches Seriously

Smart Data Collective

How Traders Can Mitigate the Risks of Data Breaches and AI-Driven Cyberattacks Online trading carries with it a certain degree of risk. It is essential for traders to be aware of the potential risks and take steps to mitigate them. Cybersecurity is an important factor to consider when engaging in online trading.

Risk 78
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What is COBIT? A framework for alignment and governance

CIO Business Intelligence

In 2012, COBIT 5 was released and in 2013, the ISACA released an add-on to COBIT 5, which included more information for businesses regarding risk management and information governance. These updates included more information regarding governance surrounding information and communication technology.