Facebook risks meta flop, metaverse developers say

DataFloq

LONDON (Reuters) -Facebook risks missing the point of metaverse - and a coming shift in consumers' behaviour - if it fails to permit digital ownership, according to some of the virtual world's pioneers. (Corrects to fix literal in last paragraph). By Elizabeth Howcroft.

Risk 247

Cyber Risk, Digital Risk and The Digitalization of Risk Management

John Wheeler

However, for security and risk management professionals it can make a huge difference. Take for example the terms cyber risk, digital risk and the digitalization of risk management. Viewed together, the three terms represent key aspects of integrated risk management (IRM).

Risk 74
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Loan Risk Analysis with Supervised Machine Learning Classification

Analytics Vidhya

Introduction to Classification Algorithms In this article, we shall analyze loan risk using 2 different supervised learning classification algorithms. The post Loan Risk Analysis with Supervised Machine Learning Classification appeared first on Analytics Vidhya.

SolarWinds investors allege board knew about cyber risks

DataFloq

Reuters) - SolarWinds Corp investors have sued the software company's directors, alleging they knew about and failed to monitor cybersecurity risks to the company ahead of a breach that created a vulnerability in thousands of its customers' systems. By Jody Godoy.

Risk 248

Put Your Data to Work: The Complete Playbook

Turn your data into a competitive advantage. This playbook contains: Exclusive stats, research & insights on how the pandemic affected businesses. A comprehensive “Request For Proposal” (RFP) checklist and an interactive quiz to test your data knowledge.

Model Risk Management And the Role of Explainable Models(With Python Code)

Analytics Vidhya

The post Model Risk Management And the Role of Explainable Models(With Python Code) appeared first on Analytics Vidhya. Intermediate Machine Learning Python Structured Data Supervised Technique blogathon Model risk management

Detecting Hidden Data Risks

The Data Administration Newsletter

Modern airplanes travel the world through all kinds of weather via the use of radar. Oxford Dictionary defines radar as “a system for detecting the presence, direction, distance and speed of an object.

Risk 52

Data Loss: Hazards, Risks and Strategies for Prevention

Smart Data Collective

Remote working has also created greater data security risks. Risk assessments. Enterprises must constantly review and address new risks and changes in protecting data. The program defines the categories of data priority from low-risk, to sensitive, to critical.

Risk 93

Mexico says cryptocurrencies are not money, warns of risks

DataFloq

on the risks inherent in the use of so-called 'virtual assets' as a means of exchange, as a store of. By Anthony Esposito and Abraham Gonzalez.

Risk 260

Five Ways AI Can Help States Solve Their Hardest Problems (Part 2): Mitigate Risk and Fraud

DataRobot

Their increased usage has also led to new challenges related to compliance, misuse, and fraud risk. This can be accomplished by providing stronger accountability, increased productivity, and transparency into spending and risk management. AI model risk model risk management

Risk 79

Gartner Explores Tech Innovations in Integrated Risk Management

John Wheeler

This week, we kicked-off a major research effort to explore current innovations in the rapidly expanding integrated risk management (IRM) market. With an integrated risk view, Gartner advises the use of RiskTech to identify material operational risks.

Product-Led Onboarding: How to Turn New Users into Lifelong Customers

Speaker: Ramli John, Managing Director at ProductLed and Author

Let’s face it. Today’s users are impulsive and easily distracted. They don’t have the time (or patience) to try and figure things out by themselves. They expect the product to be intuitive. Easy. And fast. Add to that a few, unfairly poor reviews and you’ll be more than just stuck. Ramli will share a simple but powerful framework to get more users to experience a product’s "Eureka!" moment and turn them into lifelong customers.

Google risks Russia fine over personal data law - regulator

DataFloq

MOSCOW (Reuters) - Google risks being fined for not complying with personal data legislation in Russia, communications regulator Roskomnadzor said on Wednesday.

Risk 233

Digital Risk is Primary Focus for Corporate Boards in 2020 & Beyond

John Wheeler

Digital risk continues to grow in importance for corporate boards as they recognize the critical nature of digital business transformation today. Not only that, but 49% of directors cite the need to reduce legal, compliance and reputation risk related to digital investments.

Risk 95

CNN quits Facebook in Australia, citing defamation risk

DataFloq

By Byron Kaye. SYDNEY (Reuters) - CNN said it has stopped posting articles on Australian Facebook Inc pages, citing a court ruling that publishers are liable for defamation in public comments and the social media firm's refusal to help it disable comments in the country.

Risk 217

U.S. regulators signal stronger risk, tax oversight for cryptocurrencies

DataFloq

Federal Reserve chief Jerome Powell turned up the heat on cryptocurrencies on Thursday, saying they pose risks to financial stability, and indicating that greater regulation of the increasingly popular electronic currency may be warranted. By Howard Schneider and David Lawder.

Risk 225

Can We Reduce the Risks of Artificial Intelligence?

The Data Administration Newsletter

Some of the risks are relevant today, while others represent future concerns. Artificial intelligence (AI) is already in place with applications in areas such as medicine, automobile, education, communication infrastructure, and more.

Risk 83

Testing at Every Stage of Development

Up to 80% of new products fail. The reality is harsh and the reasons why are endless. Perhaps the new product couldn’t oust a customer favorite. Maybe it looked great but was too hard to use. Or, despite being a superior product, the go-to-market strategy failed. There’s always a risk when building a new product, but you can hedge your bets by understanding exactly what your customers' expectations truly are at every step of the development process.

New rules needed to cover risks from cloud computing, says Bank of England

DataFloq

LONDON (Reuters) - New rules will be needed to deal with operational risks from banks relying on outsourced 'cloud' computing from Amazon, Google, Microsoft and others for providing services to customers, the Bank of England said on Friday. By Huw Jones.

Risk 236

A “PRACtical” View of Emerging Risk Management Technologies

John Wheeler

Gartner’s “Hype Cycle for Risk Management, 2019” report was published almost a month ago and reader response has been overwhelmingly positive. In this year’s report, we highlight the need for a “PRACtical” view of risk management technologies to fuel digital business growth. Hype Cycle for Risk Management, 2019 Source: Gartner. Risk management continues to mature and is offering a more practical approach to CEOs looking to improve.

Digital Risk “Techquilibrium” Requires IRM

John Wheeler

Over the past month, I’ve been speaking to various groups to help them prepare for the onslaught of digital risks in their organizations. A common theme is the need for greater risk quantification beyond the realm of traditional, qualitative governance, risk and compliance (GRC) approaches. Digital Risk Management – Gartner. However, in the pursuit of techquilibrium, organizations must take their risk analysis a step further to the strategic view.

Risk 48

Risks and Necessary Precautions Regarding Employee Data Leaks

Smart Data Collective

But in most instances, the real risk comes from within. From conversing on personal devices (BYODs) to sending documents to the wrong recipient, or using unsecured applications for transfers, the risk for potential leaks is high.

Risk 90

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Documenting and Managing Governance, Risk and Compliance with Business Process

erwin

Managing an organization’s governance, risk and compliance (GRC) via its enterprise and business architectures means managing them against business processes (BP). Governance, risk and compliance are treated as isolated bubbles.

Risk 83

China plans to ban overseas IPOs for tech firms with data security risks -source

DataFloq

(Reuters) -China is framing rules to ban internet companies whose data poses potential security risks from listing outside the country, including in the United States, according to a person familiar with the matter.

Risk 233

A New Era for Global Risk

Corinium

Disasters drive innovation in the insurance industry. Business Intelligence

Risk 163

Facebook removes hundreds of QAnon groups, citing public safety risks

DataFloq

The world's biggest social network, saying it was expanding its policy on perceived risks to public safety, also imposed restrictions on the remaining 1,950 public and private QAnon groups it could find. By Joseph Menn.

Risk 248

How Banks Are Winning with AI and Automated Machine Learning

Banks have always relied on predictions to make their decisions. Estimating the risks or rewards of making a particular loan, for example, has traditionally fallen under the purview of bankers with deep knowledge of the industry and extensive expertise. But times are changing. Today, banks realize that data science can significantly speed up these decisions with accurate and targeted predictive analytics. By leveraging the power of automated machine learning, banks have the potential to make data-driven decisions for products, services, and operations. Read the white paper, How Banks Are Winning with AI and Automated Machine Learning, to find out more about how banks are tackling their biggest data science challenges.

Optimizing Risk and Exposure Management – Roundtable Highlights

Cloudera

We recently hosted a roundtable focused on o ptimizing risk and exposure management with data insights. For financial institutions and insurers, risk and exposure management has always been a fundamental tenet of the business.

Risk 83

Inflation-hedge, risk-on bet: What's behind bitcoin's 2020 rally?

DataFloq

RISK-ON TRADE. By Tom Wilson and Ritvik Carvalho. LONDON (Reuters) - Is it an inflation hedge? A currency? Or just another niche asset to take a punt on? Bitcoin is in the headlines, re-kindling a debate over its true role and the drivers behind its latest scintillating rally.

Risk 218

Banks take steps to reduce potential cloud computing risks, Google survey

DataFloq

LONDON (Reuters) - Banks are taking steps to mitigate risks from their increasing use of external cloud computing services, a survey by Harris Poll and Google Cloud said on Thursday.

Risk 226

Cloud-Based Supply Chain Risk Management Is Key To A Company’s Future

Smart Data Collective

It’s important to know how to protect your own firm from spend risk, supply chain disruption while enhancing the company’s ability to thrive. It’s difficult to mitigate supply chain risk in the best of times. Mitigate spend risk in real time.

5 Early Indicators Your Embedded Analytics Will Fail

that you’re at risk for an analytics emergency. teams risk falling straight off it. requests, you risk unhappy customers and skyrocketing. And ignoring the warning signs means you risk losing. Updating your application’s dashboards and reporting features.

Connected And Autonomous Vehicles: A Privilege Or A Cyber-Risk?

DataFloq

One thing we continue to hear again and again in regards to coming technological advancements relates to the benefits of connected and autonomous vehicles and how they will drastically improve our way of life.

Risk 283

How To Manage The Risks Within Enterprise Analytics

DataFloq

Today, organisations are becoming increasingly data-driven. Business users now have greater than ever access to data & analytics technologies so that they can obtain current insights on their KPIs.

Risk 251

Global democracy at risk from cyberattack 'onslaught': Microsoft president

DataFloq

LONDON (Reuters) - Democracies around the world are under a constant barrage of cyberattacks that must be identified, called out and stopped, Microsoft President Brad Smith told a gathering of security and defence officials on Wednesday.

Risk 238

El Salvador bitcoin move opens banks to money laundering, terrorism financing risks -Fitch

DataFloq

(Reuters) - El Salvador's law making bitcoin legal tender means banks face higher risks, including of violating rules against money laundering and terrorism financing, rating agency Fitch said in a report on Friday.

How to Package and Price Embedded Analytics

for all your users, you risk upsetting customers who don’t care about and may never. unnecessary risk and results in incorrect (and sometimes dangerous) decisions. for an add-on product or capability and risk leaving potential revenue on the table.

Sen. Warren warns of cryptocurrency risks, presses SEC on oversight authority

DataFloq

Senator Elizabeth Warren on Thursday warned of the growing risks posed to consumers and financial markets by the "highly opaque and volatile" cryptocurrency market and blasted its lack of regulation as unsustainable. By Andrea Shalal. WASHINGTON (Reuters) - U.S.

Risk 226

Strata San Francisco, 2019: Opportunities and Risks

O'Reilly on Data

Balancing risk and reward is a necessary tension we'll need to understand as we continue our journey into the age of data. But those opportunities were balanced against risksrisks that loom large as we discover more powerful ways to apply data using machine learning and artificial intelligence. What about the risks? The risks of a hostile, militarized network are real. Continue reading Strata San Francisco, 2019: Opportunities and Risks

Risk 136

How to Gain Greater Confidence in your Climate Risk Models

Cloudera

As part of these efforts, disclosure requirements will mandate that firms provide “the impact of a company’s activities on the environment and society, as well as the business and financial risks faced by a company due to its sustainability exposures.” A Partnership in Climate Risk Modelling.

Risk 69

Understanding the Benefits And Risks Of Relying on AI

Smart Data Collective

Let’s talk about some benefits and risks of artificial intelligence. Risks of Artificial Intelligence: Unsustainability. The post Understanding the Benefits And Risks Of Relying on AI appeared first on SmartData Collective.

Risk 106

Add User Tests to Your Agile Process: Reduce Risk in Shipping New Products

Agile has become the go-to methodology for companies that want to reduce the risk involved in shipping new products. But how do you prevent building items nobody wants? If you wait to get user feedback until after development, then you’ve waited too long.