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Traversing the great divide: How to navigate the contentious debate over the future of AI

Addressing AI Angst: Expert offers 15 ways to having productive, civil discourse on artificial intelligence—the preeminent hot-button tech topic spurring heated discussions, debates and disagreements

 

As the digital era rages on, perhaps no technology topic is more polarizing at the moment than that of Artificial Intelligence (AI) and Machine Learning (ML). Specifically, what are the roles these rapidly emerging nextgen technologies will, and should play in our daily lives and professions?


In the ever-expanding realm of AI, having civil conversations that address the potential and concerns surrounding this technology has become increasingly challenging. The two most extreme camps—one fearing an apocalyptic future ruled by machines and the other advocating for unchecked AI development—clash vehemently, leaving little room (nor inclinations) for more nuanced discussions.

 

Recognizing the urgent need for far more open dialogue and understanding, Milan Kordestani, famed Gen Z author of the new, number one best-selling book “I’m Just Saying: A Guide to Maintaining Civil Discourse in an Increasingly Divided World,” provides the below insights to serve as a de facto roadmap for engaging in productive conversations about present and future implications of AI and ML.

 

“The conversation surrounding AI is fueled by two extreme and polarized viewpoints,” explains Kordestani.

 

“On one side, there are those who harbor deep-rooted fears, reminiscent of dystopian sci-fi movies, wherein AI spells the demise of humanity. These individuals see AI as Skynet (of Terminator movie fame) come to life. This as an uncontrollable force that will override human control and wreak havoc on society. On the other side of the spectrum, there are proponents of unregulated AI development, who argue for unbridled advancement without consideration for potential job loss, ethical concerns, and socio-economic implications. This clash of ideologies creates an environment rife with hostility and ideological impasses.”

 

“The stakes are undeniably high when it comes to AI,” underscores Kordestani.

 

“The fear-driven perspective believes that the very survival of humanity hangs in the balance, while the unregulated development camp emphasizes the limitless possibilities and potential for progress. Such deeply entrenched positions make it difficult to find common ground, and discussions often devolve into heated exchanges and stubborn resistance to opposing viewpoints. Moreover, the rapid pace of AI advancements and the complex nature of its implications exacerbate the challenges, leaving little time for informed discourse and reflection.”

 

To combat this, Kordestani believes that having civil conversations about AI is crucial because the stakes are high and the impact of this technology on society at large is profound. The above strategies offer an easy-to-undertake though much-needed roadmap for engaging in productive and respectful dialogue. By acknowledging fears, bridging gaps, educating, fostering collaboration, considering ethical implications, and encouraging long-term thinking, individuals can navigate the minefield of AI discussions with nuance and open-mindedness.

 


Kordestani’s strategies provided below, singularly and in combination, are intended to foster more civil discourse amidst the high-stakes nature of AI’s impact on society. Here’s how he suggests we can communicate more effectively and productively on the topic.

 

  1. Consider Ethical Implications: Engage in discussions around the ethical dimensions of AI, such as data privacy, bias, and accountability. Encourage thoughtful examination of potential risks and safeguards to ensure responsible AI development.
  1. Reflect on Your Own Position: Think about your own position within discussions about AI and reflect on your biases. Honestly evaluate your views, and determine if biases or intent is skewing your perspectives. Listen to your own tone and language to ensure you are being respectful.
  1. Listen Actively: Acknowledge people’s fears and concerns genuinely. Actively listen to their questions, doubts, and criticisms. Create a safe space where they feel comfortable expressing their thoughts and emotions.
  1. Empathize: Understand that fears and concerns about AI often stem from misinformation or a lack of understanding. Put yourself in their shoes and show empathy for their worries. Avoid dismissing or trivializing their concerns.
  1. Provide Accurate Information: Offer clear, concise, and accurate explanations about AI. Avoid technical jargon and use simple language to ensure everyone can understand. Provide examples and real-life applications to illustrate how AI can be beneficial.
  1. Discuss Current Regulations: Talk about existing regulations and policies in place to ensure the ethical and responsible use of AI. Explain how governments, organizations, and researchers are working together to address concerns and develop frameworks for AI governance.
  1. Educate and Inform: Counter misinformation and misunderstandings about AI by providing accurate information and insights. Share real-world examples of how AI is already improving lives and address concerns regarding job displacement, ethics, and transparency.
  1. Address Potential Risks: Acknowledge the potential risks and challenges associated with AI, such as job displacement, ethical concerns, and privacy issues. Discuss ongoing research and initiatives aimed at mitigating these risks. Highlight the importance of responsible AI development.
  2. Showcase Benefits and Opportunities: While addressing fears and concerns, also emphasize the positive aspects of AI. Talk about the potential benefits, such as improved healthcare, enhanced productivity, and personalized experiences. Highlight how AI can augment human capabilities rather than replace them.
  3. Acknowledge Fears and Concerns: Start by validating the fears and concerns of those who envision a dystopian AI future. By acknowledging their perspective, a foundation for constructive dialogue can be established.
  4. Encourage Long-Term Thinking: Shift the conversation from immediate fears to long-term perspectives. Explore the potential for AI to amplify human abilities, solve complex problems, and enhance various aspects of daily life.
  1. Bridge the Gap: Emphasize the need for open-mindedness and the exploration of shared values. Look for common ground, such as the desire to ensure ethical AI development or the pursuit of technologies that benefit society as a whole.
  1. Involve Diverse Perspectives: Ensure that discussions about AI involve diverse voices and perspectives. Include experts from various fields, policymakers, ethicists, and individuals directly impacted by AI to provide a well-rounded understanding of the topic.
  1. Be Transparent: Maintain transparency about AI development, deployment, and decision-making processes. Discuss data handling practices, algorithmic biases, and any potential risks openly. Transparency fosters trust and helps address concerns about AI’s impact on society.
  1. Foster Collaboration: Encourage collaboration between technology experts, policymakers, ethicists, and other stakeholders to collectively shape AI’s trajectory. Highlight the importance of interdisciplinary dialogue and the need to find balanced solutions.

 

The urgency to leave behind extreme positions and embrace civil discourse is paramount. Only through respectful and informed conversations can we find common ground, address concerns, and work towards a future where AI is harnessed as a tool that benefits humanity. By following Kordestani’s guidance and approaching AI discussions with empathy, knowledge and a genuine desire to understand different perspectives, we can collectively shape the trajectory of AI in a responsible and inclusive manner.

 

In this era of rapid technological advancements, the need for civil conversations about AI cannot be overstated. Let us rise above the heated battles and engage in meaningful exchanges that pave the way for a future where AI is accurately represented and understood—even amid differing positions about its cultural value.

 

About the Expert
Milan Kordestani is author of the new book “I’m Just Saying: A Guide to Maintaining Civil Discourse in an Increasingly Divided World”—a straightforward look at the history and the art of maintaining courteous communication in an increasingly divided world.

 

In I’m Just Saying,  author Milan Kordestani shows us that although challenging conversations can be unpleasant, they can also help us grow. Sometimes, people inspire us to change how we speak, making us better communicators in the process as we search to find common ground with those with whom we disagree. Kordestani uses contemporary case studies and personal experience to teach readers how to have constructive conversations by engaging in civil discourse—the idea that good-faith actors can reach consensus on any opinion-based disagreement. He discusses influential leaders and reflects on his successes and failures in creating The Doe, an online publication focused on civil discourse. He addresses the challenges that digital media consumption presents when seeking common ground—especially when people are only digitally connected.


The book is broken into sequential order, like modules of a lesson plan. Each chapter tackles a specific aspect of civil discourse, from the importance of active listening to the dangers of point-scoring in confrontational conversations. The conversational tone and writing style make for an engaging read, and the Q&A sections that break up the chapters provide a refreshing change of pace.

 

Kordestani’s personal anecdotes make the book relatable and add another layer of personality and personability. He acknowledges his own wealth and upbringing and how that has played into his life, not hiding from it but thanking it. The book is a conversation, and the “Let’s Talk” section shows that he is open to two-way communication and sets a tone for the rest of the book.

 

Kordestani is an entrepreneur, writer and founder of several companies who is redefining the meaning of success in business. With a focus on building sustainable businesses that drive positive social change at scale, Milan is a three-time founder who wants to encourage solutions beyond his companies through storytelling and narration of civil discourse.

 

Milan’s companies prioritize transparent practice, civil discourse, and respect for creatives, including “The Doe,” an anonymously published narrative publication launched in 2019 to promote civil discourse. Audo, the only personalized career-building destination that lets you learn skills and earn money at the same time, and Guin Records, an innovative record label that offers artist-friendly deals and helps purpose-driven lyricists to produce their visions while retaining control of their masters.

 

I’m Just Saying is an essential guide for anyone who wants to learn how to communicate more effectively and respectfully in today’s polarized society. Kordestani’s personal anecdotes, practical advice, and engaging writing style make this book a must-read for anyone who wants to promote civil discourse and find common ground with those whose opinions differ from their own.

 

Milan’s overarching expertise in entrepreneurship and civil discourse makes him a sought after expert. Whether discussing the future of sustainable business practices, the importance of civil discourse in today’s polarized society, or the art of entrepreneurship, Milan offers unique insights that are sure to engage and inspire listeners.

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Art & Life Business Economics Education Regulations & Security

Kirby McInerney LLP continues investigation of shareholder claims against John Wiley & Sons, Inc.

NEW YORK — (BUSINESS WIRE) — $WLY #classaction — The law firm of Kirby McInerney LLP is investigating potential claims against John Wiley & Sons, Inc. “(John Wiley” or the “Company)” (NYSE: WLY). The investigation concerns whether John Wiley and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.

 

John Wiley publishes print and electronic products, with headquarters in New Jersey.

 

On March 9, 2023, the Company announced its third quarter financial results for 2023, as part of which it disclosed problems at its subsidiary, Hindawi. According to the Company, “[o]ur third quarter results and revised full year outlook are clearly below [] expectations” and “[w]hile our core business and markets are strong, we’ve been challenged this year by unpredictable market headwinds and an unplanned publishing pause at Hindawi.” John Wiley added, “Research was down 4% as reported, or down 2% at constant currency and excluding acquisitions, primarily due to a pause in the Hindawi special issues publishing program. The program was suspended temporarily due to the presence in certain special issues of compromised articles. As a result, Hindawi revenue declined $9 million versus the prior year, offsetting growth in other open access publishing programs.” On this news, the price of John Wiley shares declined by $7.48 per share, or approximately 17.35%, from $43.11 per share to close at $35.63 on March 9, 2023.

 

If you purchased or otherwise acquired John Wiley securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.

 

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.

 

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Kirby McInerney LLP

Thomas W. Elrod, Esq.

212-699-1180

https://www.kmllp.com
investigations@kmllp.com

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Business Economics Lifestyle Regulations & Security Technology

2023 Chargeback Field Report: Friendly fraud, first-party misuse skyrockets to pandemic levels, industry survey reveals

TAMPA, Fla. – Chargebacks911, the first company dedicated to providing chargeback remediation services to the world’s largest banks and businesses, released its 2023 Chargeback Field Report, giving retailers and financial institutions an understanding into the current state of friendly fraud, first-party misuse and chargeback management within eCommerce and card-not-present (CNP) transactions.

 

Presented in tandem with Digital Commerce 360, this year’s Field Report features for the first time insight from more than 4,000 consumers who were surveyed on their preferred transaction dispute processes and perception of chargebacks in general, giving banks and businesses indicators as to what may be fueling the steady rise in chargeback fraud.

 

After surveying more than 300 retailers—from small businesses to enterprise merchants—one of the most alarming statistics revealed in the 2023 Chargeback Field Report was the spike in increased chargeback fraud; nearly three quarters of surveyed respondents reported a 19 percent average increase in friendly fraud. More than half of respondents said that friendly fraud is a significant or moderate concern for their business.

 

With this statistic rivaling 2020 quarantine levels, transaction dispute experts at Chargebacks911 say this is a cause for concern for online retailers.

 

“When we saw in 2021 that 76 percent of surveyed merchants reported an increase in friendly fraud, we were concerned, but not shocked, given that many storefronts were closed in 2020 and everyone was forced to do their shopping online where fraud is rampant,” said Monica Eaton, CEO of Chargebacks911.

 

“But now that we are well past the confines of the pandemic and that number remains the same, more action is needed to quell the ongoing rise in chargeback abuse.”

 

The 2023 Chargeback Field Report showed that friendly fraud was a much larger concern than criminal fraud. When asked to estimate the percentage of chargebacks that were the result of friendly fraud, merchants reported an average of 44 percent—with retailers making more than $100 million in annual revenue being more likely to identify disputes as friendly fraud.

 

Responses from the Field Report’s consumer survey revealed a strong disconnect between shoppers and the inner workings of the chargeback process. When cardholders were asked how many transactions they had disputed with their bank in the previous 12 months, the average number was six, with more than half of cardholders admitting to filing a chargeback with their bank without ever trying to contact the merchant.

 

Additionally, 72 percent of cardholders considered filing a chargeback with their bank a valid alternative to requesting a refund from the merchant and 75 percent of respondents considered the two dispute methods to be equivalent. Chargebacks911 Chief Growth Officer Pel Faquiryan says this misunderstanding is fueling the chargeback crisis and costing retailers billions in lost revenue.

 

“Most customers are unaware of what goes on behind the scenes when a chargeback is filed and I’m sure they would be surprised to know that merchants pay on average around $3.60 for every dollar lost to a fraudulent or illegitimate chargeback,” said Faquiryan. “Sometimes, retailers will raise the prices of goods and services to make up for lost revenue, passing along the cost of chargeback fraud and misuse to the customer.”

 

With chargebacks now easier than ever to file with an issuing bank, Mastercard reports that money lost to chargebacks will cost merchants an estimated $117.47 billion in 2023.

 

The main motivation for cardholders to seek resolution with their bank rather than the merchant was a matter of convenience, according to the Field Report, with nearly half of respondents claiming that the speed of resolution was the primary factor for filing a chargeback. Retailers must now compete with cardholders’ banks as to which can be more accommodating.

 

The experts at Chargebacks911 say the best response for merchants to address this trend is two-pronged: prevent and confront.

 

Just 32 percent of surveyed merchants said they currently use an alert system to resolve disputes and prevent chargebacks from being filed, but those merchants reported a 27 percent average reduction in chargebacks. Available alert solutions include Verifi Order Insight by Visa, Ethoca Consumer Clarity by Mastercard, and Rapid Dispute Resolution.

 

Merchants of all sizes are encouraged to challenge any chargeback they receive that shows signs of friendly fraud or first-party misuse, according to Chargebacks911. The majority of surveyed retailers say they have an internal team dedicated to managing chargebacks, but when comparing the numbers reported by merchants, the report found that companies who leverage representment software and services through a platform provider saw a net recovery rate more than 55 percent higher than merchants that managed the process internally.

 

About Chargebacks911

Chargebacks911® drives profitability for online merchants by decreasing payment disputes and recovering revenue lost to chargeback fraud. Through a proprietary suite of software and service offerings, the company delivers transparent, end-to-end chargeback management solutions backed by the industry’s only performance-based ROI guarantee.

 

To view the 2023 Chargeback Field Report in its entirety, visit https://chargebacks911.com/chargeback-field-report

 

For more information on how to best combat fraudulent or illegitimate chargebacks, or to view available solutions, visit https://chargebacks911.com or email info@chargebacks911.com.

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Business Lifestyle Regulations & Security

Best’s Market Segment Report: First hard market cycle in US cyber insurance segment brings return to profitability

OLDWICK, N.J. — (BUSINESS WIRE) — #insurance — The U.S. cyber insurance market continued strong growth in 2022, with direct premium increasing by 50% to $7.2 billion and improving loss ratios given greater attention to underwriting discipline, according to a new AM Best report.

 

The Best’s Market Segment Report, “US Cyber: First Hard Market Cycle Brings a Return to Profitability,” notes that direct premiums written (DPW) has tripled in the past three years with surging demand, far outpacing that of the broader commercial lines industry by a wide margin. Calendar-year results improved dramatically in 2022 following two straight difficult years, as insurers benefited from continued rate increases, tighter underwriting and a decrease in ransomware attacks. Compared with 2021, the loss ratio fell 23 percentage points to 43% on standalone policies, and 18 percentage points to 48% on packaged policies.

 

“Underwriters have used every item in the proverbial toolbox to manage exposures. In addition to the rate increases, underwriters have cut limits, increased insureds’ own retention and improved risk selection,” said Christopher Graham, senior industry analyst, industry research and analytics, AM Best. “With the cyber universe expanding and becoming more complex with artificial intelligence creating new exposures and ransomware attacks returning to prominence in 2023, the demand for cyber coverage will only increase.”

 

According to the report, the cyber insurance market continues to shift away from packaged policies, with standalone ones now the preferred policy among larger insureds. More than 70% of cyber premium is written on standalone policies, with the 2022 total standalone DPW exceeding all 2021 cyber insurance premium. AM Best views this trend as welcome news for the industry, as it may reduce disputes and litigation costs.

 

In another market shift, surplus lines writers now account for a majority of cyber insurance premium, the report states. From the time the NAIC started collecting data on cyber insurance in 2015 until the hard market of 2020, surplus lines companies held a relatively steady 25% share of the cyber market. However, since then, cyber premium written by surplus lines insurers increased by more than 500%, now representing nearly 60% of total cyber market premium.

 

Even with the decline in ransomware claims during 2022, first-party claims remain close to 75% of the nearly 27,000 reported claims as business e-mail compromise claims increased. The number of third-party liability claims is also still significant, and these claims will have some tail in development. In addition, war risk exclusions vary by company, with some carriers sticking with traditional war exclusions and others accepting certain war exposures.

 

“Systemic risk is an ongoing concern. Property catastrophes typically affect a limited geographic area, but a cyber catastrophe, as we saw with NotPetya, can go worldwide,” said Fred Eslami, associate director, AM Best. “As the definition of war becomes broader, so may the exclusion as well, which could lead to insureds with less coverage. Ultimately, the coverage provided to insureds may be decided by the risk appetite of the insurer, and to a certain extent, the coverage that reinsurers are willing to provide.”

 

To access the full copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=332501.

 

A panel of AM Best analysts and other industry experts will discuss trends and challenges in the cyber insurance market, including the rise of artificial intelligence and the return of ransomware attacks, in an analytical briefing set for 11 a.m. (EDT) today, June 13, 2023. To view the briefing, please visit http://www.ambest.com/conferences/Cyber2023/index.html

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Christopher Graham
Senior Industry Analyst,
Industry Research and Analytics
+1 908 882 1807
christopher.graham@ambest.com

Fred Eslami
Associate Director
+1 908 882 1759
fred.eslami@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

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Business Lifestyle Regulations & Security

AM Best affirms credit ratings of Everspan Indemnity Insurance Company and its affiliates

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Everspan Indemnity Insurance Company (Scottsdale, AZ) and its affiliates, collectively referred to as Everspan Group. The outlook of these Credit Ratings (ratings) is stable. See below for a listing of companies and ratings.

The ratings reflect Everspan Group’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

 

The balance sheet strength assessment recognizes risk-adjusted capital supportive of the group’s current and future exposures over its initial five-year startup period. Capital was provided by Ambac Financial Group, Inc. [NYSE: AMBC]. AM Best assesses Everspan Group’s operating performance as adequate based on execution and implementation of its business plan during its formative stages. The group began actively writing premium during the second quarter of 2021. AM Best views the group’s business profile as limited. This encompasses the group’s position as a specialty program writer with significant risk retention, framed within the competitive space for participating fronting type carriers. The group provides services for a diverse mix of managing general agents aligned with highly select reinsurance partners. The enterprise retains a strategic level of net premium of select programs. The group’s ERM captures a clearly defined risk appetite structure; it addresses the heightened risks inherent in its business profile and was designed by its extensively experienced management team.

 

Negative rating actions could occur if risk-adjusted capital is short of needs, actual operating results fall adversely outside the initial projections, the enterprise is unable to gain traction within the parameters of its business profile, or risk appetite and tolerance levels prove to be inadequate for the group’s profile.

 

The FSR of A- (Excellent) and the Long-Term ICRs of “a-” (Excellent) have been affirmed with stable outlooks for the members of Everspan Group:

  • Everspan Indemnity Insurance Company
  • Everspan Insurance Company
  • Consolidated National Insurance Company
  • Greenwood Insurance Company
  • 21st Century Auto Insurance Company of New Jersey
  • Providence Washington Insurance Company

 

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Robert Raber
Director
+1 908 882 2261
robert.raber@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310

christopher.sharkey@ambest.com

Greg Williams
Senior Director
+1 908 882 2434
greg.williams@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

Categories
Culture Economics Lifestyle Local News Regulations & Security

Most County offices to close for Juneteenth observance

TRENTON, N.J. — Most Mercer County government offices, including all branches of the Mercer County Library System, will be closed Friday, June 16, 2023, in observance of Juneteenth, which commemorates the emancipation of enslaved African-Americans.

The following County offices and facilities will remain open: Trenton-Mercer Airport (except for administrative offices), Correction Center, Sheriff’s Office and the Emergency Services Communication Center.

The following Mercer County Park Commission facilities will be open on Friday, June 16: Tennis Center, 7:30 a.m. to 9 p.m.; all five County golf courses, 7 a.m. to 7 p.m.; Mercer County Stables, open for visitors from 8 a.m. to 4 p.m.; and Wildlife Center, 10 a.m. to 3 p.m. by appointment only.

The outdoor education area will be open free of charge for self-guided tours from 10 a.m. to 4 p.m. Howell Living History Farm will be closed on June 16 but will have a Juneteenth program on Saturday, June 17, from 10:30 a.m. to 3 p.m. (Farm open from 10 a.m. to 4 p.m.) will be closed on June 16.

Hopewell Valley Pool, Mercer County Park Marina and Spray ParkTulpehaking Nature Center and Park Commission administrative offices will be closed on June 16.

The Juneteenth Celebration Finale with music, food and vendors will be held Saturday, June 17, from noon to 8 p.m. at Mercer County Park. For more information on Park Commission facilities, visit www.mercercounty.org/parks.

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Business International & World Regulations & Security Technology

Frustrating and potentially dangerous spam calls continue to plague consumers around the world as businesses and regulators work to address the problem

Internet Day 2023 session with iconectiv’s Alberto Apablaza addressed ways to fight spammers and boost consumer trust in the communications ecosystem

 

BRIDGEWATER, N.J. — (BUSINESS WIRE) — iconectiv:

 

What:

Phone spam continues to plague consumers around the world, eroding their trust in the communications ecosystem. In fact, consumers globally were inundated with more than 655 million spam calls in the last few months of 2022 alone, many of those calls coming from fraudsters. The problem is so prevalent that 95% of people only answer a call when they recognize the number.

The issue is worse in Argentina, where 52% of calls from unknown numbers are spam and 22% of calls are fraudulent. This also makes it difficult for businesses and call centers to get their legitimate calls through to consumers.

During an Internet Day 2023 panel discussion, iconectiv’s Alberto Apablaza discussed ways the trusted communications ecosystem can address spam calls and other issues, including:

  • The state of fixed and mobile number porting
  • Streamlining processes around emergency numbers
  • Network security

Who:

Industry leaders for this panel session included:

  • Alberto Apablaza, Account Director, LATAM at iconectiv
  • Nacho Ribeiro, IP Telephone Commission Coordinator
  • Jeff Pulver, founder of Vonage and pioneer in the field of Voice over Internet Protocol (VoIP)

Where:

You can watch a replay of the Internet Day 2023 session here.

 

About iconectiv

Your business and your customers need to access and exchange information simply, seamlessly and securely. iconectiv’s extensive experience in information services and its unmatched numbering intelligence helps you do just that. In fact, more than 2 billion people count on our platforms each day to keep their networks, devices and applications connected. Our cloud-based Software as a Service (SaaS) solutions span network and operations management, numbering, trusted communications and fraud prevention. For more information, visit www.iconectiv.com. Follow us on Twitter and LinkedIn.

Contacts

Media Contacts:
Sharon Oddy

iconectiv

+1-732-699-5130/908-809-2268

soddy@iconectiv.com

Casey Bush

Global Results Communications
+1-949-689-9550

iconectiv@globalresultspr.com

Categories
Business Culture Lifestyle Regulations & Security Science Technology

Navigating the jeopardy of board governance with cutting-edge AI solutions

Only 18% of board members find their organization’s disaster response and contingency planning to be highly effective.

 

95% of CEOs expect cybersecurity threats to affect their organization’s growth in the coming years, with the average cybersecurity breach in the U.S. already costing more than $9 million.

 

With economic uncertainty and cybersecurity risk on the rise, boards are under more scrutiny than ever. Companies need to shift their focus to prioritize internal corporate governance and ensure effective business processes.

 

The sustainability of board governance is in jeopardy. The solution is to incorporate AI-driven board portal software into corporate board processes,” says Marion Lewis, Co-Founder and CEO of Govenda, an innovative board management SaaS developer, who has launched their Artificial Board Intelligence Innovation called ‘Gabii’, to address digital transformation and keep organizations sustainable.

 

Lewis believes digital communication between board members and committees worked in the past, with boards finding the landscape more unsettled than at any time in the last 50 years. Rapid and constant digital transformation raises fears that they will not be able to pivot in response to needed change, putting the boards—and their organizations—at risk.

 

AI-based ‘Gabii’ will facilitate decision-making through a fast presentation of real-time data and ensure compliance from anywhere in the world, using customers’ data without compromising security:

  • Blockchain technology provides an additional layer of security for board materials.
  • Administrative tasks like creating meetings, managing committee members, and tracking RSVPs will help in reducing the need to perform tedious, repetitive tasks.
  • With faster access to relevant information, board professionals and directors can make more informed decisions.
  • ‘Gabii’ supports voice accessibility, by answering questions to help complete tasks.

 

Lewis notes that U.S. board members face challenges without AI, including limited real-time information access and the inability to spot patterns in large data sets or automate decision-making, emphasizing that companies that invest in AI technologies could increase profitability by an average of 38% by 2035.

 

Marion Lewis, Co-Founder and CEO of Govenda can speak on the following:

  • Why must organizations leverage the use of AI in the advancement of digital transformation?
  • How can AI integration in corporate governance ensure that disaster response and contingency planning are effective in the face of digital disruption?
  • Why has AI integration been missing in corporate governance systems till today?
  • What role can AI-driven board portal software play in improving corporate governance practices, decision-making, and managing risks associated with digital transformation?

 

About Govenda

Marion Lewis and Jeanette Thomas, two results-driven entrepreneurs, investors, philanthropists, and business community leaders co-founded Govenda. Govenda is reimagining how board of directors convene to provide intentional, strategic governance ─ by being the bridge between the boardroom and a company’s strategic goals. The board management software accelerates stakeholder governance as a force for good in the world and empowers organizations to create sustainable value by equipping stakeholders with innovative tools that transform practices. It was designed to magnify security and compliance as board tools to handle sensitive and confidential information crucial to compliance and control of proprietary data. Portability of access with enhanced collaboration is no longer a plus – it is essential. GABII, the Govenda product integrating its AI-driven portal tools with Microsoft 365 and enterprise resource planning (ERP) software streamlines workflows and improves efficiency. For more information on the most innovative platform in board governance visit www.Govenda.com

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Business Culture Lifestyle Regulations & Security

Northern Trust appoints Michael J. Bracci President of East Florida and Mid-Atlantic Regions

CHICAGO — (BUSINESS WIRE) — #wealthmanagement — Northern Trust has expanded the role of Michael J. Bracci to President of the East Florida and Mid-Atlantic Regions. Bracci, who has been President of the East Florida Region since 2003, will now lead the strategic direction and execution of the Wealth Management business of both the East Florida and Mid-Atlantic Regions, including Atlanta, Philadelphia and Washington, D.C.


Bracci, who joined Northern Trust in 1993, is a leader in investment management, trust and fiduciary management, financial planning and private banking. Prior to becoming President, he served as the Regional Senior Banking Officer for the Palm Beach Martin Region, and as Managing Director of the North Palm Beach office.

 

“For many years, Mike has delivered proven leadership, shown an unwavering dedication to client service and developed a strong track record for creating advice-driven solutions,” said Glenda G. Pedroso, President of the East Region for Northern Trust Wealth Management. “I am delighted he will be taking on this expanded role as President of both the Mid-Atlantic and East Florida Regions.”

 

Bracci earned a Bachelor of Arts in Economics from Tulane University and has more than 30 years of experience in the banking and finance industry. He began his career in the management training program at a large Southeast regional commercial bank and subsequently led a regional commercial banking team.

 

He is a member of the Board of Trustees for the Raymond F. Kravis Center for the Performing Arts and previously served as the Chair of the Board of Trustees. He also serves on the board of the Nicklaus Children’s Healthcare Foundation and has been Chair of the Board’s Executive Committee since 2005.

 

In 2021, Bracci was named to the Board of the Community Foundation for Palm Beach and Martin Counties. He is the current chair of the Investment Committee, past Treasurer of the Board and past Chair of the Finance Committee.

 

Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses. It is recognized for its innovative technology, service excellence and depth of expertise, with $368.3 billion in assets under management as of March 31, 2023. The Northern Trust Company is an Equal Housing Lender. Member FDIC.

 

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 25 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2023, Northern Trust had assets under custody/administration of US$14.2 trillion, and assets under management of US$1.3 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Twitter @NorthernTrust or Northern Trust Corporation on LinkedIn.

 

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

Contacts

Karen Mellen

773-860-8110

kem6@ntrs.com
http://www.northerntrust.com

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AM Best to host briefing on cyber insurance trends, impact of AI and evolving threats

OLDWICK, N.J. — (BUSINESS WIRE) — #insuranceAM Best will host an analytical briefing on trends and challenges in the cyber insurance market, including the rise of artificial intelligence and the return of ransomware attacks, at 11 a.m. (EDT) on Tuesday, June 13, 2023.

During the event, titled, “Cyber: Moderating Pricing, Cautious Underwriting, Even as Risks Resurface,” the panel, made up of AM Best analysts and industry experts, will discuss the market’s performance in 2022 and key market indicators, such as pricing, capacity and reinsurance conditions. Other topics include cyber war exclusions and recent developments in risk modeling, as well as how AI is being harnessed not only by underwriters in the segment, but also by more-sophisticated cyber criminals.

 

The panel includes:

  • Shawn Ram, head of insurance, Coalition, Inc.;
  • Matthew Silley, cyber reinsurance broker, Lockton Re;
  • Sridhar Manyem, senior director, industry research and analytics, AM Best; and
  • Christopher Graham, senior industry analyst, industry research and analytics, AM Best;

Attendees can submit questions during registration or by emailing conferenceinformation@ambest.com. The event will be streamed in video and audio formats, and playback will be available shortly after the event.

 

To find out more about the webinar or to register, please visit http://www.ambest.com/conferences/Cyber2023/index.html.

 

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

 

Copyright © 2023 by A.M. Best Rating Services, Inc. and/or its affiliates.

ALL RIGHTS RESERVED.

Contacts

Christopher Sharkey
Associate Director, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 439 2200, ext. 5098
al.slavin@ambest.com