Tag Archives: technology
Advancements in technology have made business travel easier in recent years but there are still a number of security risks to consider before travelling including cyber-crime which is a growing concern for many businesses operating overseas.
Cyber criminals conduct their attack through numerous sophisticated methods to obtain sensitive corporate data through phishing, whaling and other forms of social engineering.
Before travelling it is advisable your company carries out a risk assessment to ensure company information is safe and secure whilst working overseas.
Failure to implement appropriate security measures could result in data loss and lead to a breach of confidentiality, damage to business reputations, financial losses and compromised client relationships.
Tips on keeping your technology safe when travelling:
- Do not leave electronic devices unattended including mobile phones as SIM cards could easily be removed by someone to make expensive calls from your account.
- Ensure locks are secure in your hotel room to avoid someone breaking and entering to steal your valuables.
- Be cautious when using public networks in hotels and cafes as pop ups could be malicious spyware.
- Entities in foreign countries have been known to create fake security updates when a user connects to the local network and then installs malware and spyware to the user’s computer.
- Ensure your computer is installed with the latest anti-virus, spyware, security and firewalls.
- Before you travel it is wise to email yourself electronic copies of your passport, travel documentation, driver’s licence and credit cards in the event these items are lost or stolen. Therefore you must ensure your email account is locked by a password only you have access to.
- Clear your internet browser after each use.
- Never store valuables or electronic devices in checked luggage.
- If you run into trouble keep the phone number and address of your Embassy or Consulate in the country you are visiting
- Be cautious when speaking to strangers who could be probing you for personal information and be aware of your surroundings as conversations may not be private.
- When you return from your visit review your computer system and electronic devices for malware and change all passwords including voicemail.
Travel is a necessary requirement for conducting business agreements overseas and should be a legal obligation of organisations to ensure both staff and company equipment are protected when working abroad.
Travel insurance can provide protection to cover the costs of stolen technology and cyber policies can also provide valuable access to specialist resources in the event of a loss of data or system failure, but you should check with your insurance provider first before you travel to ensure business travel is conducted as safely as possible.
How can we help?
For more information please speak to your usual insurance representative or call us on 0121 698 8000.Back to top
BYOD is a trend that is here to stay with some predicting that 40% of companies will stop providing employees with devices by 2016.
The benefits to companies include savings in IT hardware spend and increases in productivity, but risks include a host of privacy and data security issues.
In the event of a major data loss, if you don’t have the right insurance cover in place, the cost of repairing systems, restoring data and rebuilding reputation could far outweigh the financial benefits of your BYOD policy.
Earlier this year, the Information Commissioner’s Office (ICO) issued a notice advising organisations that implement BYOD schemes, to consider their obligations under the Data Protection Act 1998. It highlighted the organisation is responsible for ensuring data is managed in a compliant manner, irrespective of the ownership of the device.
Organisations may not know what data is stored on the device, or in the cloud, and devices may not be as secure as company-issued versions, creating problems for network security. The organisation’s responsibility also extends to protecting the employees’ private data stored on the device.
ICO guidance states that, in the event of a security breach, companies must be able to demonstrate that they have secured, controlled or deleted all personal data on the device. The number and variety of devices the company has to manage can make this difficult.
Managing the risk
BYOD schemes can be successful for both companies and employees as long as the right processes and procedures in place to mitigate the risk:
- Assess the risks to identify the number and variety of devices being used, the data stored and applications that are being accessed
- Implement technology to remotely secure, manage and partition the devices as required so that, in the event of remote wiping, an organisation is able to delete only enterprise data and apps and not employee private data
- Invest in acquiring knowledge by employing IT staff with particular expertise in BYOD implementation and desktop support
- Create a clear and detailed written policy covering:
- potential dangers, for example with public cloud services and WiFi networks
- data security arrangements that have been implemented and any employee obligations
- the organisation’s responsibility in respect of the employee’s own data
- the organisation’s rights of access to the device in limited circumstances, for example for security procedures or to access data in the case of a legal requirement
- how adherence to the policy will be audited and the consequences for employees who fail to comply with it.
Protect your business
Even with the most robust procedures in place, breaches can still happen and companies should speak to their broker to ensure their insurance provides adequate cover.
There are two key aspects to consider:
- Incident reporting protocols – the quicker an incident is reported and managed the better the outcome. Companies should ensure they understand which cyber incidents fall within their insurance coverage and ensure it is well communicated across the company.
- Based on an audit of cyber exposures, check if the policy has appropriate covers and limits in place. Specialist covers could include:
- hacker damage including repair, placement or restoration of your network
- loss of income or expenses incurred from unauthorised access
- multimedia liability including defamation, disparagement and infringement of IP
- violation of an individual’s right of privacy
- breach of confidentiality
- damage to third party networks or data extortion ransoms.
If you’d like to learn more about Technology insurance or receive our whitepaper that covers BYOD and other cyber risks, please contact:
T: 07854 150 063
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Nanotechnology is a relatively new area of science, which utilises particles and structures one hundred-thousandth the thickness of a piece of paper, offering the potential to make huge advances in medicine, electronics and even pollution control.
Sectors such as information technology, energy, environmental science, medicine, sport and transportation, among many others, have already embraced nanotechnology
Current uses of nanotechnology:
- Nanofilms: Thin films that make themselves water repellent, self cleaning and scratch resistant. Nanofilms are used on eyeglasses, computer displays and cameras to protect their surfaces.
- Nanotubes: Used in sporting equipment, such as tennis racquets, and certain car parts because of their great strength compared to conventional materials.
- Nanoscale transistors: These electronic switching devices are reducing the size of computer chips, meaning computers can become more powerful.
- Solar plastics: Thin and lightweight plastic that is replacing traditional solar technology.
- Drug delivery: Nanomaterials can help in the treatment of cancers and other diseases by carrying different materials on their branches and doing several actions at one time.
- Water filtration: Use of nanomaterials as membranes for water desalination, as well as filtering and purifying water.
However, as the technology evolves, so do the risks:
- Scientific studies continue to explore safety concerns, while although oversight of the sector is on the rise, regulators still trail in the wake of the technology.
- Nanoparticles are so small they could be inhaled, swallowed and absorbed through the skin.
- Nanoparticle inclusion in products and processes need not actually be known by the producer or user, while there are no common reporting standards that can identify exactly what type of nanoparticle is in each product – all of which is critical to weighing up the risks.
- The impact of nanotechnology on the environment; there is a growing debate regarding to what extent industrial and commercial use of nanomaterials will affect organisms and ecosystems.
Alongside the potential risks, there are rewards
- Sporting equipment has become much lighter and more durable due to the use of nanotechnology.
- Despite all the fears, like with most emerging technologies it is hoped that there is a period of growing pains before the risks are fully quantified and nanotechnology can begin to finally justify the hype – with exciting developments expected in the fields of medicine and electronics.
Source: Zurich Insider
For more information regarding any of the issues raised, or to find out more about the Perkins Slade range of technology insurance products, please email Technology Specialist Matt Turner or call him on 0121 698 8092.
The Government is changing the law later this year to reduce administration costs and burdens associated with vehicle tax.
After 93 years in use, Chancellor George Osborne has announced, from October 2014 the car tax disc will be abolished, meaning motorists will no longer have to display a tax disc in the windscreen of their vehicles.
The tax disc, first introduced in 1921, will no longer be needed as both the DVLA and police rely on a sophisticated electronic vehicle register, ANPR, Automatic Number Plate Recognition. The number-plate recognition equipment being used means if you get stopped by the Police, they’re able to log in to the electronic database and see whether the car is taxed, insured and what the driver ought to look like. In the past 5 years, the amount of windscreens checked for tax discs has decreased by 75%, thanks to the electronic vehicle register.
Although the paper disc will be scrapped, the new online system will still allow people to pay Vehicle Exercise Duty online, at the Post Office or by monthly direct debit. The Treasury said it showed the Government was moving “into the modern age” and embracing technology, making dealing with the government more hassle free.
Richard Westcott, BBC transport correspondent has said:
“The fact is that the majority of tax evaders are caught using police cameras that automatically check your number plate. Around 44m tax discs were issued last year. It’s thought around 800,000 people were caught driving without paying.”
For further information regarding the abolition of the Tax Disc, visit the Government website.
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Wednesday 27th November marked the annual Sunday Times Tech Track 100 awards dinner, honouring Britain’s fastest-growing private technology companies by sales. This year’s event was sponsored by Hiscox and Barlclays and held at Vinopolis, on London’s South Bank. Guest speakers included; Piers Linney, co CEO of Outsourcery and one of the dragons on the highly acclaimed BBC Dragons’ Den, Dr Mike Lynch OBE, founder of Invoke Capital, and Lord Paul Drayson, founder and CEO of Drayson Racing. Perkins Slade technology expert Matt Turner attended, hosting a table representing Hiscox.
The sponsored awards for excellence were:
Perkins Slade would like to congratulate all the winners, runners up and all those nominated on the Tech Track 100 for 2013.
The evening provided an opportunity for like-minded companies, with technology as a common interest to network, and Perkins Slade was honored to be a part of the evening.
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ICANN, the Internet Corporation for Assigned Names and Numbers, has announced the first new generic Top-Level Domains (gTLDs) have been introduced to the Internet’s Root Zone, which is the central authoritative database for the Internet’s Domain Name System.
This means the domain name Registries (the organisations approved to operate these delegated gTLDs) can execute the final processes required to make their domain names available to Internet users. ICANN’s new gTLD Program is responsible for the introductions of new gTLDs that will result in the expansion of the Domain Name System, from 22 gTLD’s, (.com, .net, .org) to 1,400 new names; revolutionising how the internet works.
Akram Atallah, president of ICANN’s Generic Domains Division said,
‘In the weeks and months ahead, we will see new domain names coming online from all corners of the world, bringing people, communities and businesses together in ways we never imagined. It’s this type of innovation that will continue to drive our global society.’
The Society for Computers and Law state that before the general public will be able to access the new gTLDs on the internet, Registries still need to complete a final process built into the new gTLD Program to protect trademarked rights holders. Following this mandatory 30-day period, a Registry can make the new gTLD available to the general public at its discretion.
If you have any questions relating to the points made in this article or your would like to find out more about Perkins Slade’s approach to Technology, visit our web site or contact Matt Turner by email firstname.lastname@example.org or call 0121 698 8000.
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