Since 1995, Mike has served as President, Vice President of Marketing & Sales, Director of Professional Services,and Consultant for PaperClip Incorporated. In his current role, he is responsible for strategic direction,operations, and corporate communications. Prior to joining PaperClip Software, Mike was the Executive Vice President and co-founder of CMF Design System, a custom software and systems integration firm. Mike received a Bachelor of Science from Rowan University and served as a Captain in the United States Marine Corps.

 

 


Dec 01, 2020
Mike Bridges

Published in Broker World Magazine December 2020

The Life Brokerage Technology Committee (formerly NAILBA Technology) was a gathering of industry technology leaders and experience to discuss and report on standards and trends. The group was represented by Broker General Agencies, Carriers, Medical Information providers, and Solution Vendors. Workflows were documented, data sets were negotiated, and appetite to change was measured. In short, the day’s discussions produced new solutions and road maps that materialized some years later. The committee’s work over the last 2 decades did bear fruit and greatly impacted cycle time, accuracy (IGO), underwriting, digitalization to big data while the cost savings were taken over by rising compliance cost. 

Jul 12, 2020
Mike Bridges

Let’s start with some findings relating to the breach, current events.  A mega-breach is more than a million rows of data loss or stolen.  A million records are not hard to get to these days and if breached, the remediation expense is the heaviest in year one, two thirds, year two is twenty-two percent and then eleven percent for the out years, but as experience would tell us that toward the end of an event like this, the last eleven percent will cost you about half your money and half your time.

Jun 22, 2020
Mike Bridges

The notion that Cybercrime is fueling the Cryptocurrency market through money laundering activity, they are interdependent. If we eliminated 95% of cybercrime, we could declare victory and keep $5 trillion moving in our global economy.

I picked today to start writing because Bitcoin mining rewards halves today. BTC halving simply means, 50% pay cut for building (mining) blockchains therefore, I cut my expenses by half resulting in 50% fewer blocks verified per period, advantage cybercriminal. When I wrote part one of this article, BTC was trading at $6,800, this past Friday it closed at $10,000. No one can predict if BTC mining cutback is going to affect the coin price as it has in the past, I believe it will go up because of the COVID-19 pandemic and ignores the 50% mining reward cut. 

Apr 15, 2020
Mike Bridges

Things that make you go hmmm...

I’ve always been curious about who’s making the money from cybercrime. Among the players we have Nation States, Organized Crime, Small teams to Individuals, so let’s follow the money. To keep this simple and about money, we’ll discuss the three most active cyberattacks, Phishing, Ransom, and Identity Thief. Each of these attacks has a list of usual suspects, Phishing is a small group or individuals, Ransom and Identity Theft are larger groups like Organized Crime and Nation-States.  According to McAfee, the top Nation-States are China, Russia, North Korea, Iran, and Central America.  All these groups combined in 2019 realized $1.5 trillion in money stolen, good guys to bad guys. The good guys also end up paying $4.0 trillion in money to clean up the mess; global cybercrime costs $5.5 trillion in 2019 in an $80 trillion global economy.

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