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— a system for issuing bonds against the value of something sent over the Internet, such as a consumer might buy from a company before it transmits a sensitive e-mail message;
Individuals and businesses sending confidential information over the Internet may soon be able to buy insurance and be compensated paid if the data is lost or stolen, according to a company that has been issued four patents on making that insurance work.
"There's no technology that's 100 percent secure, so why not insure the residual risk,Air Max Uk IIfbq?" said Allen Stern, CEO of Amax Consulting, which is handling the operational aspects of Transurety',Rosetta Stone Uk (http://www.elmanzanero.elalto.com.bo/content/air-yeezy-2-wkynm);s business. "We're trying to make the Internet safer for people."
Transurety says patents provide for Internet insurance | Security Central
September 08, 2008 Transurety says patents provide for Internet insurance Technology that protects data in transit can soon be licensed to insurance industry, which can then offer policies to banks, health-care companies, law firms, and other enterprises By Stephen Lawson | IDGNS Print | Add a comment
— technology for analyzing the relative risks of using various technologies, such as different browsers and encryption systems, so underwriters know how to price their coverage;
Transurety is grouping the set of technologies under the brand name Insuriti and claims its patents are the first to address Internet transmission insurance. The patents cover four processes the company said is needed to make such an industry work:
Transurety, a Minnesota patent-holding company that acquired the original company behind the technology, plans to license it to companies in the insurance industry that can then offer policies to banks, health-care companies, law firms, and other enterprises.
The company's technology may also help security software vendors offer expanded warranties that cover losses that occur if their products don't work, Stern said.
The insurance could come in two forms, Stern said. In one case,Beats Australia, an individual might buy a policy as an add-on before sending a sensitive e-mail message via a Web e-mail service. It would be similar to insurance on a valuable package being sent via a courier service. In another situation, insurance could be taken out by an institution, such as a bank, to cover the risk involved in operations such as online banking,Furla Uk VBxon. It could be offered to customers for extra assurance that they',Coach Bags Australia (http://beatsbydre-australia.webs.com/);ll be protected if something goes wrong because of a network problem, Stern said.
The patents are specifically for data in transit, not sitting in a database or on a laptop that might be stolen, he said. It could information sent via e-mail or in the course of a transaction.
— methods for setting up an insurance policy that cover losses resulting from a problem, such as information about a merger getting into the wrong hands,IIwqb (http://myanmarstudentsplace.host22.com/activity/p/1872/);