• The water industry needs to join the fight against superbugs

    The fight against antibiotic-resistant bacteria — so-called “superbugs” — is a huge challenge, one that the World Health Organization has described as a grave global problem. The problem of antibiotic resistance is being exacerbated worldwide by the pollution of waste water with leftover drugs, providing breeding grounds for resistant bacteria and their genes. The problem can persist for years, constantly refreshed by new discharges of both drugs and of resistant bacteria themselves, shed by people and animals. It is time for the health and water industries to strike a bargain. Health professionals need to be aware of the need for pharmaceuticals to be managed as organic and persistent pollutants. Tackling hot spots in “source control” such as hospitals and clinics could make significant inroads on the amount of waste drugs entering treatment plants. The water industry should ensure that treatment plants are operating under optimal conditions and that the older ones are either replaced or upgraded.

  • Obama continues push for cybersecurity bill

    Following his remarks on cybersecurity at the 2015 State of the Union address, President Barack Obama will attenda summit on Cybersecurity and Consumer Protectionat Stanford Universitythis Friday. Attendees will include major stakeholders in cybersecurity and consumer financial protection issues, including executives from the financial services, telecommunications, and retail industries, as well as law enforcement officials and consumer advocates. Obama has requested $14 billion for cybersecurity initiatives in the 2016 federal budget, a 10 percent increase from 2015 budget.

  • Winter storms costly for Western economies: Aon Benfield

    Aon Benfield’s January 2015 catastrophe report reveals that a series of four powerful windstorms over a seven-day span during January in different regions of Western Europe caused economic and insured losses were expected to reach hundreds of millions of euros. The catastrophe study highlights that two separate winter weather events impacted northeastern parts of the United States during the month, caused total economic damage and losses, including business interruption, estimated at $500 million.

  • Coastal communities can lower flood insurance rates by addressing sea-level rise

    City leaders and property developers in Tampa Bay are urging coastal communities to prepare today for sea-level rise and future floods in order to keep flood insurance rates low in the future. FEMA, which administers the National Flood Insurance Program(NFIP), is increasing flood insurance premiums across the country, partly to offset losses from recent disasters such as hurricanes Katrina and Sandy. Cities can reduce insurance premiums for nearly all residents who carry flood coverage by improving storm-water drainage, updating building codes to reflect projected rise in sea-levels, moving homes out of potentially hazardous areas, and effectively informing residents about storm danger and evacuation routes.

  • Growing demand for cyber insurance, especially by small and mid-size businesses

    Technology startup firms are leading the way in ensuring not only the security of their customers, but their own security as well. American businesses are expected to pay $2 billion for cyber insurance premiums in 2014, a 67 percent increase from just one year earlier. More than fifty U.S. insurance carriers are now offering cyber insurance policies. Even more impressively, many of these are focusing on small and mid-size businesses.

  • More crude-oil trains means more accidents, spills

    In 2013 U.S. railroads carried more than 400,000 car loads of crude oil, a sharp increase from the 9,500 they carried in 2008. Crude oil from North Dakota’s Bakken Shale region has fueled most of the surge, and this surge has increased the potential for rail accidents. Each train carrying more than a million gallons of Bakken crude could cause damage similar to what occurred in July 2013, when a runaway train derailed in Lac-Megantic, Quebec, killing forty-seven people. Another derailment near Lynchburg, Virginia in April 2014, spilled about 30,000 gallons of Bakken crude oil into the James River.

  • Emergence of the Internet of Things significantly weakens privacy protection

    Researchers are urging consumers to take a proactive approach to ensure Internet privacy, particularly with companies that use and share Internet data to influence consumer behavior. They warn that privacy “approaches that rely exclusively on informing or ‘empowering’ the individual are unlikely to provide adequate protection against the risks posed by recent information technologies.”Those emerging risks include information compiled by Internet-connected appliances, cars, and health monitors.

  • Protecting the security for networks of the future

    Today’s company networks comprise hundreds of devices: routers for directing data packets to the right receiver, firewall components for protecting internal networks from the outside world, and network switches. Such networks are extremely inflexible because every component, every router and every switch can carry out only the task it was manufactured for. If the network has to be expanded, the company has to integrate new routers, firewalls or switches and then program them by hand. This is why experts worldwide have been working on flexible networks of the future for the last five years or so, developing what is known as software-defined networking (SDN). It presents one disadvantage, however; it is susceptible to hacker attacks. Researchers have now developed a way to protect these future networks.

  • Missing oil from Deepwater Horizon 2010 accident found

    After 200 million gallons of crude oil spilled into the Gulf of Mexico in April 2010, the government and BP cleanup crews mysteriously had trouble locating all of it. Now, a new study finds that some six million to ten million gallons are buried in the sediment on the Gulf floor, about sixty-two miles southeast of the Mississippi Delta.

  • Reprogramming plants to withstand drought

    Crops and other plants are constantly faced with adverse environmental conditions, such as rising temperatures (2014 was the warmest year on record) and lessening fresh water supplies, which lower yield and cost farmers billions of dollars annually. Research in synthetic biology provides a strategy that has reprogrammed plants to consume less water after they are exposed to an agrochemical, opening new doors for crop improvement.

  • Handheld sensor sniffs out fish fraud

    It is estimated that up to 30 percent of the seafood entering the U.S. is fraudulently mislabeled, bilking U.S. fishermen, the U.S. seafood industry, and American consumers for an estimated $20-25 billion annually. Passing off other fish as grouper is one of the rackets this sensor aims to stop. Fighting seafood labeling fraud using rapid, on-site screening may benefit consumer wallets and U.S. seafood industry. Scientists at the University of South Florida’s College of Marine Science have developed a handheld sensor capable of debunking fraudulent seafood species claims, helping to ensure that consumers are getting what they pay for.

  • U.S. yet to develop a strategy to secure nation’s critical infrastructure

    For years, the U.S. government has warned federal and state agencies about the threat posed by hackers who may target computer systems responsible for operating nuclear plants, electric substations, oil and gas pipelines, transit systems, chemical facilities, and drinking water facilities. In February 2013, President Barack Obama issued a directive stating, “It is the policy of the United States to strengthen the security and resilience of its critical infrastructure against both physical and cyber threats.” Two years later the federal government has yet to develop or adopt a consensus on how to secure America’s critical infrastructure from cyber criminals.

  • Lawmakers seek to create single food safety agency to improve oversight

    Lawmakers are seeking to pass a bill which would a single food safety agency to replace the current multi-agency system, which critics say is “hopelessly fragmented and outdated.” Senator Richard Durbin (D-Illinois) and Representative Rosa DeLauro (D-Connecticut) have proposed the 2015 Safe Food Act, which would replace the current food safety oversight system – which consists of fifteen different agencies — with a single organization.

  • New Chinese cyber rules aim to facilitate intellectual property theft: U.S. tech companies

    The Chinese government’s cyberspace policy group in late 2014 approved a 22-page document which contained strict procurement rules for technology vendors. Those rules would require U.S. firms selling computer equipment in China to turn over sensitive intellectual property — including source codes — submit their products for “intrusive security testing,” and use Chinese encryption algorithms. U.S. companies selling equipment to Chinese banks will be required to set up research and development centers in China, get permits for workers servicing technology equipment, and build “ports” which allow Chinese officials to manage and monitor data processed by their hardware. U.S. tech companies charge that the new rules would make it easier for China to steal U.S. companies’ intellectual property.

  • New political risk model identifies political risk exposures around the world

    Political risks are the threats posed to businesses by political upheavals or social change. Common examples include expropriation, political violence, and the imposition of trade sanctions. They are inherently unpredictable — arising, as they do, from complex, dynamic human societies — and they often have catastrophic consequences. Oxford Analytica and Willis Group Holdings last week launched a new political risk model, called VAPOR (Value at Political Risk). The model allows global companies to assess and compare the financial implications of exposure to a suite of political risks — in individual countries, regionally, or globally. Initially, VAPOR covers six different political risk perils, across eleven different industry types in 100 countries.