May 19, 2020

Cyber breaches have doubled in five years, says Zurich report

Technology
Cybersecurity
IoT
Cloud
Ben Mouncer
2 min
Cyber breaches have doubled in five years, says Zurich report

Zurich’s Global Risks Report for 2018 has highlighted the increasing threat businesses have to contend with in the field of cyber security.

According to the report, cyber breaches recorded by companies have doubled since 2012 from 68 per business to 130 per business in 2017, with ‘dark net’ markets for malware goods and services having undergone a resurgence.

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The proliferation of cloud services being used by companies has also further exposed them to risk, with the report counting Internet of Things (IoT) devices globally at 8.4bn, which exceeds the global population of 7.6bn. By 2020, that number is expected to reach 20.4bn.

Businesses are committing more and more capital to preventing cyber attacks, with 254 companies surveyed last year putting aside an average annual firefighting sum of £11.7mn. $8trn is expected to be spent collectively on stopping attacks around the world over the next five years.

The Global Risk Report, an annual publication by the Swiss insurance group, also investigates the environmental risks that have developed in recent years alongside those associated with cyber security, while too measuring fiscal indicators that suggest potential threats to the global economy.

By reading the report in full here (link below), executives can learn more about risks that could be just around the corner in Zurich’s new ‘Future Shocks’ section, while in ‘Hindsight’ the report looks back at past editions to analyse the evolution of previous risks.

Created in partnership with Marsh & McLennan Companies, the National University of Singapore, Oxford Martin School at Oxford University and Wharton Risk Management and Decision Processes Centre, University of Pennsylvania, the 2018 report was Zurich’s 13th edition of the Global Risks Report.

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Jul 18, 2021

Ivy.ai’s new chatbot streamlines resources and policies

businesschief
AI
Technology
Sports
2 min
Ivy.ai can streamline resources and policies related to name, image and likeness through its chatbot to provide a seamless experience for student-athletes

Ivy.ai, a creator of AI chatbots for higher education, is offering a chatbot that helps institutions streamline name, image, and likeness policies for athletic programmes. 

This solution will allow athletic departments to dramatically reduce inbound inquiries while answering inquiries related to compliance, financial aid impact, how-to documents, and best practice training videos.

It will allow institutions to condense information in a way that is easily accessible and eliminates the need for student-athletes to read complicated manuals. Institutions can also engage with student-athletes via a real-time feedback loop to see which topics truly matter and what needs further clarification. This allows administrators to be proactive and provide a competitive edge in recruiting. 

 

Helping institutions connect their students with information

 

“Athletic departments at colleges and universities are overwhelmed by the challenges posed by the name, image and likeness legislation,” said Mary Frances Coryell, Vice President of Strategic Alliances and Partnership. 

“Ivy.ai is uniquely positioned in the market to help institutions connect their student-athletes with policies and information related to NIL such as state laws, restrictions and relevant contacts. Our chatbot can digest all relevant policy information and provide answers to student-athletes at any time on any device. We expect the NIL market to move quickly, so student-athletes deserve the answers on their terms, rather than exclusively during work hours.”
 

Primary use cases for the chatbot include:

  • Answering commonly asked questions related to name, image and likeness
  • Communicate policies such as state laws, restrictions and compliance regulations
  • Provide contact information for various advisors and agencies
  • Connect training materials for athletes to improve their branding
  • Engage in two-way reactive and proactive communication to keep policies student-centric

 

Back in March 2020, the company offered schools a free COVID-19 Response System, including a customisable COVID-19 Response Bot, a human-to-human live chat system and an SMS Text platform. These services are offered completely free of charge. 


"The customisable COVID-19 Response Bot will help schools connect their students with important information, such as the school's operational status, where to go for treatment, and what to do to help reduce the risk of spreading the virus. We already added that information to all of our clients' AI chatbots, and we found that in many cases students needed additional support. That's why we're including our human-to-human Live Chat system in this offer. The SMS Text platform can be used to drive awareness to this communications channel for your students." said Mark McNasby, CEO of Ivy.ai.

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