Risk Roundup

Prof. Ahmed Banafa, Academic Advisor at San Jose University based in the USA participates in Risk Roundup to discuss Securing the Internet of Things using Blockchain Convergence.

Managing security risks associated with the “Internet of Things” (IoT) is complex and challenging.  This is mainly because each piece or thing in the IoT and throughout the IoT ecosystem brings complex technical and non-technical requirements, that bring its own set of security gaps and vulnerabilities.

This makes securing IoT very complex. Irrespective of whether it is public or private, for an effective IoT ecosystem, all IoT devices must work together and be integrated with all other devices– and all these devices must communicate and interact seamlessly with all other connected systems and digital infrastructures. This is by no means an easy chain of events from the security perspective.

As nations move towards creating the Internet of Everything (IoE) ecosystem that benefits from the accelerating paradigm shift, there are more questions than answers when it comes to IoT Security. While the Internet of Things has great promise, security challenges must be tackled before these systems are widely embraced. So, how can we secure the IoT digital infrastructure?

It seems that blockchain technology brings a promising potential for IoT security. The ongoing blockchain and Internet of things convergence is giving the IoT community a promise of securing its digital infrastructure in cyberspace, geospace, and space (CGS). While the promise of blockchain and IoT convergence is here, the fundamental fact remains that, developing security solutions for the Internet of Things requires unprecedented collaboration, coordination, connectivity, and convergence.

Blockchain presents a secured promise for the future of IoT. While the promise of Blockchain and the Internet of Things convergence is here, the fact remains that, developing security solutions for the Internet of Things requires unprecedented collaboration, coordination, connectivity, and convergence. It is time to take a closer look at Securing the Internet of Things using Blockchain Convergence.

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Prof. Ahmed Banafa is the academic advisor for engineering students at San Jose University based in the USA. He is also the technical and business advisor for student’s start-ups from inception to market introduction and teaches at The College of Engineering.

He has published over 80 articles about IoT, Cloud Computing, and Big Data. He is a guest speaker at international technology conferences.

Risk Group is a leading strategic security risk research and reporting organization.

Copyright Risk Group LLC. All Rights Reserved

The Rise of Initial Coin Offering (ICOs)- Risks and Rewards
Emerging Technologies Geopolitics
Cashless Economy – Risks & Rewards
Protecting Cryptocurrency
Blockchain based Insurance Model for Managing Aging Infrastructure Risks
Smart Contracts – Risks & Rewards
Blockchain & Machine Learning Based Content Platform
Blockchain Based Risk Transfer
Blockchain Revolution – Risks & Rewards
The Convergence of Blockchain and Internet of Things
Blockchain Applications for Emerging Economies
Blockchain based Creative Content Collaboration
Applications of Blockchain Technology
What Should Bankers Know About Financial Technology
Blockchain based Network Security
Digital Transformation of Financial Industry
Will Blockchain Secure the Internet of Things

The post Securing the Internet of Things using Blockchain Convergence appeared first on Risk Group.

Dr. John Cohn, an IBM Fellow at the IBM Watson, Internet of Things Division, participates in Risk Roundup to discuss The Convergence of Blockchain and the Internet of Things.

Of all the technology trends that are taking place right now, the rapid and unplanned growth of the Internet of Things (IoT) brings complex challenges for which perhaps no individual or entity across nations: its government, industries, organization, and academia (NGIOA) are prepared for.

When physical objects in geospace and space become embedded with sensors and gain the ability to communicate through cyberspace, the new information and communication networks fundamentally change the way each NGIOA operates and does things in cyberspace, geospace, and space (CGS).

While the Internet of Things has great promise, the technical / non-technical/ and security challenges must be tackled before the Internet of Things (IoT) or Internet of Everything (IoE) systems are widely embraced. So, how to move forward? What will bring security, scalability, stability, and integrity to the IoT/IoE ecosystem?

There is a growing consensus that it is blockchain. The convergence of blockchain and the Internet of Things (IoT) is one of the transformational trends that will likely shape the future of NGIOA. The fundamental opportunities are there for entities across NGIOA to re-design and re-define systems at all levels and improve quality, productivity, reliability, transparency, and trust while reducing costs and risks.

However, the transformational potential of the convergence of blockchain and the Internet of Things will not be possible to achieve in the silo by any entity across NGIOA. Collaborations are a fundamental necessity.

It seems that technological convergence is here. Blockchain and the Internet of Things are converging. Blockchain presents many promises for the future of IoT. As nations move towards creating an ecosystem of the Internet of Things to the Internet of Everything, there are more questions than answers. It is time to take a closer look at Blockchain and IoT convergence.

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Dr. John Cohn is an IBM Fellow in the IBM Watson Internet of Things Division. He received his undergraduate degree in Electrical Engineering at MIT. He earned a Ph.D. at Carnegie Mellon University.

John has authored numerous technical papers and has contributed to several books on design automation. He has approximately 70 patents in the field of design automation, methodology, circuits, and smarter systems. John is active in research and education issues.

Risk Group is a leading strategic security risk research and advisory organization.

Copyright Risk Group LLC. All Rights Reserved

The Rise of Initial Coin Offering (ICOs)- Risks and Rewards
Emerging Technologies Geopolitics
Cashless Economy – Risks & Rewards
Protecting Cryptocurrency
Blockchain based Insurance Model for Managing Aging Infrastructure Risks
Smart Contracts – Risks & Rewards
Blockchain & Machine Learning Based Content Platform
Blockchain Based Risk Transfer
Blockchain Revolution – Risks & Rewards
Securing the Internet of Things using Blockchain Convergence
Blockchain Applications for Emerging Economies
Blockchain based Creative Content Collaboration
Applications of Blockchain Technology
What Should Bankers Know About Financial Technology
Blockchain based Network Security
Digital Transformation of Financial Industry
Will Blockchain Secure the Internet of Things

The post The Convergence of Blockchain and Internet of Things appeared first on Risk Group.

Alexander Bunn, Founder of ClickPhish based in the United Kingdom participates in Risk Roundup to discuss Advanced Phishing Attacks.

Phishing attacks are a growing global problem. As the phishing attacks grow rapidly in both frequency and sophistication, it poses a critical threat to individuals and entities across nations: its government, industries, organizations, and academia (NGIOA). If we, that is individuals and entities across NGIOA are to protect our information in digital format and all other formats, it’s important that we get informed about “phishing”.

To begin with, we need to understand how to quickly and efficiently recognize some of the most common phishing attacks, as getting informed about phishing has now become a survival necessity. However, this is by no means going to be easy as “phishing” attacks transform to take on new types, techniques, and tools. The changing nature of phishing scams varies widely in terms of their complexity and the quality of the forgery.

• So, let us understand what is phishing?
• What happens to this stolen digital information?
• Where does it end up?

As phishing email messages, websites, and phone calls keep growing, the advances in phishing attacks are becoming a cause of serious concern. It is time to take a closer look at the Advanced Phishing Attacks.

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Alexander Bunn is the founder of ClickPhish. He is based in the United Kingdom. He is an enterprising and technologically astute Information Security Professional with extensive experience in delivering information security consultancy services across diverse business sectors.

He is skilled in risk management and analysis, specifically trained in social engineering; web application penetration testing; infrastructure design/implementation; and vulnerability assessment, identification and mitigation.

Risk Group is a leading strategic security risk research and reporting organization.

Copyright Risk Group LLC. All Rights Reserved

The post Advanced Phishing Attacks appeared first on Risk Group.

Lorien Gamaroff, CEO of Bankymoon, based in South Africa participates in Risk Roundup to discuss  Blockchain Applications for Emerging Economies.

As the internet of things, blockchain, artificial intelligence, robotics, biometrics, and other technologies merge and converge, it seems clear that digitization has moved far beyond the machine-to-machine (M2M) process automation and has become a driving force of the digital global age. Across nations, the blockchain promise is getting visible and clear. It has raised expectations from everyone. This technology is not only making waves as a cryptocurrency, but its applications are expected to have a huge impact on individuals and entities across nations: its government, industries, organizations, and academia (NGIOA).

With the tumbling of boundaries between cyberspace, geospace, and space, the promise and potential of blockchain technology seem to have energized everyone. It is important to evaluate the impact brought on due to blockchain-driven technology transformation and the tumbling CGS boundaries.

Blockchain has the potential to supply nations with a trustable digital infrastructure for a fair and balanced economic ecosystem that is based on shared information and distributed trust that is transparent and trackable.

If we look at the nation’s economic system today, blockchain technology has the potential to transform the monetary ecosystem at all levels (local, national and global). Perhaps the most encouraging benefit of blockchain technology seems to be the incentive it creates for individuals and entities across NGIOA to work honestly where rules apply equally to all. It will be important to see how it is being received in emerging economies.

As we evaluate the above questions and more, it is important to realize that blockchain seems to be a much-needed digital infrastructure for socio-economic development across nations.  While blockchains are causing a technology revolution across many emerging economies, including Africa, it is important to evaluate what else is necessary for the technology transformation to succeed. It is time to take a closer look at the potential of “blockchain”!

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Lorien Gamaroff is South Africa’s foremost blockchain expert. He has been invited around the world to speak on digital currencies and distributed ledgers and their benefits for emerging economies. He has addressed the IMF, World Bank, FBI and Commonwealth Secretariat, the South African Reserve Bank, and a host of banking professionals and attorney generals throughout the world. He offers insight and guidance to business executives and advises the government on blockchain technologies and their implications. He is also a co-founder of the Blockchain Academy which educates professionals on all aspects of blockchains from regulations to software development.

Risk Group is a leading strategic security risk research and reporting organization.

Copyright Risk Group LLC. All Rights Reserved

The Rise of Initial Coin Offering (ICOs)- Risks and Rewards
Emerging Technologies Geopolitics
Cashless Economy – Risks & Rewards
Protecting Cryptocurrency
Blockchain based Insurance Model for Managing Aging Infrastructure Risks
Smart Contracts – Risks & Rewards
Blockchain & Machine Learning Based Content Platform
Blockchain Based Risk Transfer
Blockchain Revolution – Risks & Rewards
Securing the Internet of Things using Blockchain Convergence
The Convergence of Blockchain and Internet of Things
Blockchain based Creative Content Collaboration
Applications of Blockchain Technology
What Should Bankers Know About Financial Technology
Blockchain based Network Security
Digital Transformation of Financial Industry
Will Blockchain Secure the Internet of Things

The post Blockchain Applications for Emerging Economies appeared first on Risk Group.

Rajeev Bhargava, CEO of Decision- Zone Inc based in Canada participates in Risk Roundup to discuss Business Logic Monitoring and Automation.

Today, nations: their government, industries, organizations, and academia (NGIOA) are vulnerable to security challenges from cyberspace, geospace, and space (CGS). While entities across NGIOA do invest in information security products, the growing concern is whether the information security products are able to effectively understand the business logic and security risks of entities and initiatives that they are supposed to secure.

Many of the information security products that are used by entities across NGIOA currently are off the shelf and have a one-size-fits-all approach. Because they are not customized to any business or entity’s needs specifically, they do not fully understand security vulnerabilities that are specific to the industry or business. This heavy emphasis on off-the-shelf information security products to manage cyber-security risks has become a cause of great concern.

The reality of an interconnected and inter-dependent digital global age is that understanding operations, systems, and processes is vital to understanding security vulnerabilities. Understanding of Security Process Logic seems to be fundamental. As cyber-security threats grow rapidly across NGIOA, the question is whether the conventional security technology solutions are able to cope up with security vulnerabilities and security threats in real-time today and are effective.

In today’s digital global age, data rules are at the center of ongoing cyber warfare. Safeguarding intellectual property, financial information, business information, strategy, and reputation needs to be a crucial part of the strategy. Yet with the number of security threats and the sophistication of attacks increasing, managing security is becoming a formidable challenge. There is a need for more effective security solutions.

It is time to take a closer look at the potential of Business Logic Monitoring and Automation.

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Rajeev Bhargava is the CEO of Decision Zone Inc and is based in Canada. He has over 35 years of experience in process management, computer software development, and IT security and management consulting.

He has held executive and senior technical positions with companies in the high-tech, telecom, nuclear and financial industry space. Managed design & implementation teams for large-scale projects for network infrastructure deployment, ERP, CRM, government & healthcare information portals, and telecom cable management & security.

He has led software teams for the product development of fifth-generation pattern programming language, complex event processing, business process management, and deep message inspection.

Risk Group is a leading strategic security risk research and advisory organization.

Copyright Risk Group LLC. All Rights Reserved

Machine Learning Based Market Forecasting
Machine Learning on Insurance Data to Predict Hospitalization
Future of Work – Battle between Human Work Force and Machine Work Force
Machine Learning Bias – An Existential Risk
Understanding Cognitive Computing
Cloud Powered Artificial Intelligence Platform
Blockchain & Machine Learning Based Content Platform
Powering Collective Human Intelligence
Collective Intelligence
Collective Machine Intelligence
Artificial Intelligence based Healthcare System
Machine Learning for Medical Diagnosis
Science of Intelligence – Human Intelligence to Computational Intelligence
How will Deep Learning Disrupt Financial Sector?
Social Media Based Predictive Analytics
Credit Scoring using Machine Learning
Cancer Detection to Credit Lending – Intelligent Machine Applications of Artificial Intelligence
Advances in Artificial Intelligence – Human and Non-Human Gesture and Action Recognition
Financial Industry Moves Towards Artificial Intelligence Based Machines
Man-Machine Interaction – Communicating with Computers
Machine Intelligence Impact on Human Society
The Rise of Artificial Intelligence
Artificial Intelligence driven Cyber-Security
Advances in Artificial Intelligence – Human and Non-Human Gesture and Action Recognition
Agricultural Robots
Computational Intelligence & Security Risks
Societal Impact of Robotics
Enterprise Digital Intelligence Risks – Need for Smarter Search Tools

The post Business Logic Monitoring and Automation appeared first on Risk Group.

Jeff LoCastro, Founder and CEO of Neener Analytics based in the United States participate in Risk Roundup to discuss Social Media Based Predictive Analytics.

Social media is becoming as common as air, food, and water. Now irrespective of nations, when almost everyone is using social media today, the question is why is social media gaining enormous popularity and usage? Is it because social media allows social connectivity? Perhaps!

Social media seems to have made it easier for individuals and entities across nations: its government, industries, organizations, and academia (NGIOA) to make a personal connection with friends, family, followers, and fans. It has changed the way we communicate within, between, and across nations’ boundaries in cyberspace, geospace, and space (CGS).

It is because of social media that communication is now personal and direct. In addition to the communication becoming personal and direct, the feedback is also personal and direct. Why is that important? It is important because the role of the middleman is disappearing. As a result, entities are seeing their initiatives, products, and services in ways they imagined, was not possible before. So how do individuals being connected on social media help entities across NGIOA in seeing things differently or understand things better or take more effective decisions?

It is by using social media analytics.

Social Media Analytics has made it important for entities across NGIOA to understand or listen to what is being said on social media. What is being said about entities or businesses and their products/services was important before. However, what is being said about businesses, products,s or services in the digital global age has become a matter of survival and sustainability.

While social media listening or monitoring is intended to help entities across NGIOA understand what is being said about them on the social web at any given time, understanding it in real-time is now a survival necessity.

Over the years, businesses across many industries have been monitoring their customers’ posts on their websites. This has been more of an attempt to identify, contain and manage some angry or unhappy customers.  Is that approach sufficient today in a digital global age? Perhaps not. 

When we evaluate the “Lending Industry”, especially how lenders evaluated their lending decisions before digitization, what stands out is, how decisions are taken today, which is strikingly different from how lending decisions were made yesterday.

Social media and predictive analytical tools have given entities across NGIOA an opportunity and platform to understand and connect with customers, citizens, followers, fans directly. While having that connection, and being able to reach fans and followers immediately and directly is working wonders for branding and understanding concerns and complaints, it is only the first step in the digital journey. Entities across NGIOA need to broaden their social connectivity in a digital global age.

Lending decisions are only the first step. It is time to take a closer look at the potential of  Social Media-Based Predictive Analytics!

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Jeff LoCastro is the Founder and CEO of “Neener Analytics” and is based in the United States.

Jeff started his first company when he was a sophomore in college, the second one when he was a junior. From being a part of the first “Online Social Network” in the world to scaling a location-based car care chain both in the US and China, to developing commercial and multifamily buildings to creating a large-scale professional association.

Jeff has always been developing, creating, scaling, and delivering a high-quality product with a focus on Excellence, not just profits. He believes that “if you are only focused on “winning”, you are not focused on the things it takes to win”.

Jeff is also a published author about business building, management, and strategy with editorials appearing in Los Angeles Business Journal, San Jose Business Journal, Central Valley Business Journal, The China Business Review, Bloomberg China, and Asian Business Daily (Australia & China). As a public speaker about business strategy, product development, execution, and creating a nimble organization, some of his recent engagements include the World Affairs Council, UC Irvine, Internet World, and conferences in the US and abroad.

Risk Group is a strategic security risk research and advisory organization.

Copyright Risk Group LLC. All Rights Reserved

Machine Learning Based Market Forecasting
Machine Learning on Insurance Data to Predict Hospitalization
Future of Work – Battle between Human Work Force and Machine Work Force
Machine Learning Bias – An Existential Risk
Understanding Cognitive Computing
Cloud Powered Artificial Intelligence Platform
Blockchain & Machine Learning Based Content Platform
Powering Collective Human Intelligence
Collective Intelligence
Collective Machine Intelligence
Artificial Intelligence based Healthcare System
Machine Learning for Medical Diagnosis
Science of Intelligence – Human Intelligence to Computational Intelligence
How will Deep Learning Disrupt Financial Sector?
Credit Scoring using Machine Learning
Cancer Detection to Credit Lending – Intelligent Machine Applications of Artificial Intelligence
Advances in Artificial Intelligence – Human and Non-Human Gesture and Action Recognition
Financial Industry Moves Towards Artificial Intelligence Based Machines
Man-Machine Interaction – Communicating with Computers
Machine Intelligence Impact on Human Society
The Rise of Artificial Intelligence
Artificial Intelligence driven Cyber-Security
Advances in Artificial Intelligence – Human and Non-Human Gesture and Action Recognition
Agricultural Robots
Computational Intelligence & Security Risks
Business Logic Monitoring and Automation
Societal Impact of Robotics
Enterprise Digital Intelligence Risks – Need for Smarter Search Tools

The post Social Media Based Predictive Analytics appeared first on Risk Group.

James Drake, Founder, and CEO of “Embermine” based in the United States participate in Risk Roundup to discuss Blockchain-based Creative Content Collaboration.

Nations: its government, industries, organizations, and academia (NGIOA) are exploring blockchain to re-design numerous processes and systems. Creative content collaboration is one of the systems that is being re-defined and re-designed. So why are nations exploring the alternate system for creative content collaboration? Why blockchain?

While there are digital rights management systems available for enterprises to combat piracy, privacy, and protection of sensitive and confidential documents, there is not much effective protection and security available for the common man–for individuals who want freedom, transparency, safety, and security for their creation.

In addition, for individuals to collaborate with others, within and across nations’ geographical boundaries, to produce creative content irrespective of cyberspace, geospace, or space (CGS), we need a better system.

With the advent of the blockchain, a new wave of decentralization has become possible and in fact, it has already begun. This wave of decentralization is, in essence, giving hope and promise of individual freedom, safety, and security to all forms of collaboration. As blockchain technology continues to redefine how a nation: its government, industries, organizations, and academia (NGIOA) need to operate in a digital global age, it is important to see whether the blockchain-based creative content collaboration system will be able to solve big problems.

While the potential of blockchain technology is immense, and it can achieve big things and solve big problems; the fact remains that we need to research and review the complex risks coming with the re-designing of the systems at all levels. It is time to take a closer look at blockchain technology for Creative Content Collaboration.

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

James Drake is the founder and CEO of “Embermine” based in the United States. He is currently working on bringing the freedom found in the blockchain, smart contract, and decentralized storage technologies to indie, freelance, and professional content creators and collaborators worldwide.

He has successfully brought several new technologies to market, working in all areas from concept and product development to marketing and sales.

Risk Group is a leading strategic security risk research and reporting organization.

Copyright Risk Group LLC. All Rights Reserved

The Rise of Initial Coin Offering (ICOs)- Risks and Rewards
Emerging Technologies Geopolitics
Cashless Economy – Risks & Rewards
Protecting Cryptocurrency
Blockchain based Insurance Model for Managing Aging Infrastructure Risks
Smart Contracts – Risks & Rewards
Blockchain & Machine Learning Based Content Platform
Blockchain Based Risk Transfer
Blockchain Revolution – Risks & Rewards
Securing the Internet of Things using Blockchain Convergence
The Convergence of Blockchain and Internet of Things
Blockchain Applications for Emerging Economies
Applications of Blockchain Technology
What Should Bankers Know About Financial Technology
Blockchain based Network Security
Digital Transformation of Financial Industry
Will Blockchain Secure the Internet of Things

The post Blockchain based Creative Content Collaboration appeared first on Risk Group.

Dr. Lawrence Farwell, Chairman and Chief Science Officer at Brain Fingerprinting Laboratories based in the United States participates in Risk Roundup to discuss Brain Fingerprinting- Science for Security.

Security has always been and continues to be a moving target. It is an unfortunate reality today that almost all advances in science and technology pose potential ‘dual use’ risks. When risks undermine rewards, responsible science must provide effective protection against potential security threats and be at the front line of defense.

Billions of dollars are being spent across nations to map the human brain. While the understanding of the brain is fundamental to advance human and computational intelligence, it is also crucial to identify the security challenges we face today, in cyberspace, geospace, and space (CGS).

There is a hope that understanding the brain circuits, neural pathways, and wiring– mapping the brain, will not only let us understand the brain command center, for the human nervous system better, but it will also let us into the human mind to achieve the secrets of security.

While there are many obstacles the scientific community must overcome before they can successfully use brain science advances for the safety and security of humans in cyberspace, geospace, and space; advances have begun to happen. One such advance is Brain Fingerprinting.

If we are interested in making sure that security is maintained in cyberspace, geospace, and space, and that the criminals are found proactively; any idea, innovation, or technology that can help us make a proactive determination of the possibility of crime or help us identify the criminals after the crime happens is welcoming.

The security community needs to know about it. Time is now to evaluate Brain Fingerprinting- Science for Security.

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Dr. Larry Farwell, Ph.D. is the inventor of Brain Fingerprinting, a scientific method to discover the truth, identify criminals and terrorists, and clear the innocent with extremely high accuracy by measuring brainwaves. He invented the first brain-computer interface.

He conducted Brain Fingerprinting research at the FBI, the CIA, and the US Navy. He patented Brain Fingerprinting, published it in the leading scientific journals, and applied it to solve major crimes.

He has been featured on CBS, ABC, CNN, the New York Times, and news media throughout the world.  TIME Magazine named him to the TIME 100: The Next Wave, the top innovators of this century who may be “the Einstein’s or Picassos of the 21st Century.”

He is a Harvard graduate and a former Harvard research associate.  He earned his Ph.D. in biological psychology from the University of Illinois at Urbana-Champaign in 1992. He is the author of How Consciousness Commands Matter: The New Scientific Revolution and the Evidence that Anything Is Possible.

Risk Group is a leading strategic security risk research and reporting organization.

Copyright Risk Group LLC. All Rights Reserved

The post Brain Fingerprinting- Science for Security appeared first on Risk Group.

Mark van Rijmenam, Founder of Datafloq, based in Sydney, Australia participates in Risk Roundup to discuss Big Data-Driven Transformation.

Big Data is driving transformation across nations: its government, industries, organizations, and academia (NGIOA).

As each entity across NGIOA strives to be more data-driven, it is no surprise that digital transformation has become a top priority for everyone across nations. Digital transformation and the desired impact is no longer optional for anyone. It is essential for our very survival. Irrespective of whether entities across NGIOA are using small data or big data, internal data, or external data, it is vital for entities across NGIOA to have a clear vision of their initiatives in cyberspace, geospace, and space (CGS). It is important that each one of us understands and evaluates:

• Digital transformation
• Big data and technologies
• Big data and decision making
• Big data and intelligence
• Digital data infrastructure

Getting intelligence from big data that has a potential for transformation is a daunting undertaking. NGIOA must be able to reshape raw data into meaningful information and then convert those insights into actionable initiatives. This involves choosing not only the right tools, developing new metrics, defining achievable objectives, but also understanding risks, prioritizing risks, and much more.

Time is now to talk about Big Data-Driven Transformation!

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Mark van Rijmenam, is the Founder of Datafloq, and is based in Sydney, Australia. Mark is also the Founding partner of a Think Tank, called the Digital Leadership Initiative. He is also the author of the best-selling book “Think Bigger”.

Risk Group is a leading strategic security risk research and reporting organization.

Copyright Risk Group LLC. All Rights Reserved

Machine Learning on Insurance Data to Predict Hospitalization
Powering Collective Human Intelligence
Collective Intelligence
Collective Machine Intelligence
Social Media Based Predictive Analytics
Smart Lending
What Should Bankers Know About Financial Technology
Personal Data Ownership
Digital Transformation of Financial Industry
Cloud Computing Driving Nation Transformation
Big Data Analytics and Cyber-Security Risks
Agricultural Robots
Computational Intelligence & Security Risks
Business Logic Monitoring and Automation
Societal Impact of Robotics
Enterprise Digital Intelligence Risks – Need for Smarter Search Tools

The post Big Data Driven Transformation appeared first on Risk Group.

Edwin Carlson, CEO of Bitsmart based in the USA participates in Risk Roundup to discuss Smart Lending.

As we watch technology disrupt nations: its government, industries, organizations, and academia (NGIOA), we also see how it is transforming how we, the humans, do things in a digital global age.

One of the fundamental elements of human lives, the way we borrow and repay loans i.e. money, is on its way to fundamental transformation. For years, lenders have employed relatively static, tedious, and highly complex lending models that lacked focus on consumer interest, experience, preferences, or priorities.

But today lenders find themselves challenged on all sides of innovations by innovators that are not only customer friendly but also seeking to disrupt their traditional model of lending and its associated processes and businesses.

From crowdfunding to peer-to-peer lenders, the internet, e-commerce, and technology have brought transformative opportunities for the lending profession and sector. At the center seems to be artificial intelligence-based new software algorithms that price and rate individual as well as business credit.

Moreover, thanks to digitalization,  paperless, that is digital processing, seems to have eliminated the slow and tedious pushing of paper between retailers, borrowers, and lenders.

The lending industry seems to have reached a point where simple and seamless financing applications offer loan approval and transparent pricing and terms, right on the spot, within minutes. In short “lending” is becoming “smart”!

There is no doubt that the world of lending seems to be changing at a rapid pace.  As financial technology (Fintech) startups re-shape the lending industry, it is important to understand and evaluate its impact on the not only lending industry, but the overall financial industry and the global economic system. Time is now to discuss security risks emerging from Smart Lending!

For more please watch the Risk Roundup Webcast or hear the Risk Roundup Podcast

Edwin Carlson is the CEO of Bitsmart Loans – smart lending for smart people. He is based in the United States.

Bitsmart will provide P2P lending for the purchase of assets and secured by Internet-of-things devices and recorded on the blockchain with smart contracts.

Risk Group is a leading strategic security risk research and reporting organization.

Copyright Risk Group LLC. All Rights Reserved

Machine Learning on Insurance Data to Predict Hospitalization
Powering Collective Human Intelligence
Collective Intelligence
Collective Machine Intelligence
Social Media Based Predictive Analytics
Big Data Driven Transformation
What Should Bankers Know About Financial Technology
Personal Data Ownership
Digital Transformation of Financial Industry
Cloud Computing Driving Nation Transformation
Big Data Analytics and Cyber-Security Risks
Agricultural Robots
Computational Intelligence & Security Risks
Business Logic Monitoring and Automation
Societal Impact of Robotics
Enterprise Digital Intelligence Risks – Need for Smarter Search Tools

The post Smart Lending appeared first on Risk Group.