CIO: The Cybercrime Economy Personified

Share this

While the Center for Strategic & International Studies and McAfee estimated the annual cost to the global economy from cybercrime at $375 billion conservatively and $575 billion maximally as of June 2014, at least one expert stands by cost figures that are many times those numbers. “U.S. companies and the U.S. economy lose approximately $500 billion each year to theft of trade secrets and innovation. This includes all forms of economic espionage where cybercrime plays a major factor. When you factor the 10-year life of the investment in innovation, the…

Share this
Read More

Business spotlight on cybercrime

Share this

In the wake of the Sony email hacking case, business expert Rachel Bridge looks at cybercrime and how you can protect your business. Online cybercrime is not just the stuff of sci-fi movies and urban myth. It is very real and it can pose a huge threat to your business. What’s more, contrary to what many people think, cybercrime is just as likely to affect small firms as large ones. Indeed, a survey by the Federation of Small Businesses (FSB) found that over a 12-month period, 41 per cent of…

Share this
Read More

Kim Kiyosaki: The Business Case for More Women Entrepreneurs

Share this

Why the world is better served when women start more businesses Given the fact that women make up 85% of all consumer purchases, it’s interesting to think that, according to the latest census data from 2007, women own only 28.7% of businesses. This statistic has some interesting implications when you consider the following facts I found over at she-economy: 59% of women feel misunderstood by food marketers 66% feel misunderstood by health care marketers 74% feel misunderstood by automotive marketers 84% feel misunderstood by investment marketers 91% of women in…

Share this
Read More

Sophia Bekele: The rise of “Exclusive Multistakeholder” – Analysis on ICANN Africa Strategy

Share this

Sophia Bekele has taken an inside look into the ICANN Africa Strategy in the article on CircleID quoted below… ICANN Africa Strategy – A View from the Inside: The rise of “Exclusive Multistakeholder” “In fact, the implementation of the strategy, so far, in the opinion of many Africans, is a failure in the multi-stakeholder model of Internet Governance we aspired for. The entire ICANN Africa Strategy is an apparent usurpation of the model by a Special Interest Group who has appointed themselves as “Leaders of the African Internet Community” and…

Share this
Read More

Banks in Russia, Japan, the US, and Europe have fallen victim to a massive, sophisticated malware hack

Share this

Hackers rob US and global banks of millions in one of the largest heists ever writes Kwame Opam on the Verge Banks in Russia, Japan, the US, and Europe have fallen victim to a massive, sophisticated malware hack, allowing the perpetrators to steal hundreds of millions of dollars since 2013. According to a Kaspersky Labs report provided to the New York Times, more than 100 banks in 30 nations have been affected by the breach, with upwards of $300 million stolen in the process. One of the largest bank heists ever…

Share this
Read More

Xiaomi: China’s big Apple rival isn’t worth getting excited about (yet)

Share this

Xiaomi, the third-largest smartphone maker in the world, is coming stateside, but not in the way pundits expected. The company announced at a conference Thursday that its e-commerce website, Mi.com, could start selling products to U.S. customers in five months. Surprisingly, smartphones will not be among them — at least, at first. Instead, Hugo Barra, Xiaomi’s Global VP, suggested the company might start with items such as a recently-launched pair of headphones and its popular external battery pack, the latter of which sold 15 million units in 2014. The company has…

Share this
Read More

EU Parliament blocks Microsoft’s new Outlook apps over privacy concerns

Share this

Access to Microsoft’s new Outlook apps has been blocked for members of the European Parliament because of “serious security issues.” Microsoft launched new Outlook apps for iOS and Android just over a week ago. The new apps are basically a rebranded version of a mail app made by Acompli, a company Microsoft bought in December for a reported US$200 million. Access to the apps though was blocked on Friday by the Parliament’s IT department, DG ITEC, in order to protect the confidentiality and privacy of its users, according to an…

Share this
Read More

Google US search share drops to 74.8% as Yahoo usage on Firefox almost triples since November

Share this

Yahoo gains further US search share in January Google falls below 75% for first time US Yahoo-on-Firefox usage almost triples since November San Francisco, CA & Dublin, Ireland; Monday 2nd February 2015: January saw Yahoo further increase the gain it made in US search share last month, according to the latest data from independent website analytics provider, StatCounter. Google fell below 75% in the US for the first time since StatCounter Global Stats began recording data*. StatCounter Global Stats reports that in January, Google took 74.8% of US search referrals…

Share this
Read More

Snapchat Is Launching A New Discovery Feature That Will Make It A Bigger Threat To Facebook

Share this

Snapchat just announced its new Discover feature, a collaboration with media companies such as Vice, CNN, Yahoo News, Comedy Central, and National Geographic to bring news to users in the form of Snapchat stories. News stories released through Discover will be available in multiple parts, allowing for media companies to string together a narrative with a beginning, middle, and end. In typical Snapchat fashion, each news story will last for 24 hours before disappearing. The introduction of Discover will help Snapchat further compete with Facebook, which now includes links to…

Share this
Read More

WSJ: U.S. Technology Companies Worry About the Backlash They Face in Europe

Share this

By Stephen Fidler:  Europe Pulls Welcome Mat for U.S. Tech Companies One message so far from the corridors around the World Economic Forum in Davos: U.S. technology companies are very worried about the backlash they are now facing in Europe. From their standpoint, Europe risks shooting itself in the foot by rejecting the cutting-edge technologies they have brought to the continent. But they would say that, wouldn’t they? Look at it from the European point of view. Europe once led the world in mobile technology: The Global System for Mobile…

Share this
Read More