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Financial Talk Show airing Saturdays at 3pm, Eastern on NEWSRADIO WXTK 95.1 FM Cape Cod. We call the program "Something More" so that we can talk about not only those important dollar and cents issues, but also the quality of life issues that make the money matters matter.  Not only do we speak about investment and planning concerns, but we often invite guests for interview. 

Aug 24, 2023

Dave Sampson, VP of Cyber Risk and Strategy at Thrive joins to talk about Artificial Intelligence (AI) and cyber security risk.

AI is a machine learning mechanism that feeds data into software through algorithms that analyze data and determines how to dynamically provide with feedback, or even actions, based on what it known or what you are telling them. It is a rapidly evolving technology – there are huge benefits, but also negatives that can happen if we are not watchful.

The ability for AI to impersonate a person is real – scams will become more sophisticated so those vulnerable will be at greater risk. Dave suggests calling the website phone number of a business who claims to have sent a communication to you to verify that it did come from them.

Personal devices, such as cell phones and pads, need protection if company data is used on them.  In the future, there is a possibility of malicious code being embedded into cell phone software.

Cyber mesh architecture is currently being worked on. It brings all independent cyber risk mitigation solutions (e.g., end-point protection, password protection, etc.) together under one umbrella.

If you need help with financial planning issues don’t hesitate to reach out to Asset Management Resources at (866) 771-8901.

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Recorded August 24, 2023