Security and Data Risk in the Age of Social Networks

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Over the past four years we have seen an explosion in the volume of personally identifiable information (PII) online as social software and user generated content have allowed millions of people to create, manage and share their data in the cloud. While the rewards have been pretty clear (lower barriers to participation and collaboration) the risks have not been understood so clearly.

But where there is risk, insurance is sure to follow…

Drew Bartkiewicz of The Hartford has been considering these trends and has helped create the first security product around online data risk, “CyberChoice 2.0.” Drew sums up much of his thinking when he says, “Credit is to the financial markets what privacy and trust are to Web 2.0” (you can’t have one without the other). Fittingly, we spoke in New York City the morning after Lehman Brothers went under.

Part two of this interview is available here.

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  • Andrew Tessier

    I am not surprised to learn insurers like The Hartford are offering premiums on any liabilities resulting from transparency. I think it is smart given the implications of the opportunities for bad things to happen when you post private information. Especially for companies and people with deep pockets. I bet Michael Phelps wishes he had a plan with The Hartford…

  • H.K.

    There is no doubt we have not engaged in enhancing digital security proportional with the rate in which we are pouring our personal information onto the net. Whether conducting business through email etc., simply storing valuable data online, using financial institutions online, and slowly purchasing the majority of our products over the net. I have been trying to “re-balance” my approach by reading a lot of articles at

  • Steven Johnson

    Hello I’m a first time student at a community college I’m doing a research paper on personal data my Question is,: is there something out there that contains a persons whole life on ( ex. ID card) medical,physical,family,job,pay the whole nine yards, if so how long has it been in use? what are the benifits of its use? and whats instore for the future?

    This information would be most helpful.