Daily Market Update

Legal teams must increase cybersecurity… Wearable technology “as harmful as cigarettes”?... California drought: NASA warns just one year of water left…

Insurance News

By

Legal teams must increase cybersecurity
A new report reveals that many corporate legal teams are lacking in cybersecurity and the cost of a breach in those departments averages $8.9 million. The GC100 group has a membership of general counsel in large corporates are is warning its members that the first step to becoming cyber-secure is to ensure that current defenses meet the requirements of other parties; it says that contracts may specifically refer to levels or types of cyber security that is required by business partners. The group warns that some measures that may be necessary to achieve the required security levels may infringe on other issues such as employee privacy, as monitoring may be required. In conclusion legal departments are advised that they should be aware of current regulation and compliance internationally and ensure that third parties are also compliant.
 
Wearable technology “as harmful as cigarettes”?
With excitement for technophiles at fever pitch over the Apple Watch, an article published this week in the New York Times asks if wearable technology may end up being the modern day equivalent of smoking tobacco. Years ago smoking was hailed as the thing to be doing; we know what happened in the decades that followed. Wearable tech is now being called into question with some scientists suggesting that having devices, which are known to emit low level radiation, should be constantly next to our bodies. The report notes that the International Agency for Research on Cancer, a panel within the World Health Organization that consisted of 31 scientists from 14 countries, has warned that cellphones are ‘possibly’ carcinogenic. There have been multiple studies which have either agreed or disagreed with this result. Essentially the evidence currently is inconclusive. Businesses should perhaps carry out their own risk assessments if they are to issue employees with wearable tech in case more compelling evidence is uncovered in the future. Read the full story.
 
California drought: NASA warns just one year of water left
After four years the drought in California is continuing and a study by NASA says concludes there may be as little as one year’s water left in the state’s reservoirs. The agency has urged lawmakers to implement immediate water rationing. Rainfall and mountain snow is at levels that make current levels of consumption unsustainable. What is happening in California could be a stark warning of what could happen elsewhere due to climate change but, according to a report by News.Mic, only 14 states across the US have a plan to deal with the effects of climate change. Read the full story. 
 

Keep up with the latest news and events

Join our mailing list, it’s free!