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Here the 10 biggest 2016 startup opportunities

January 13, 2016February 11, 2016 Staff Writer

The year 2015 was all about drones, virtual reality, 3D printing, and the Internet of Things (IoT). This year, venture capitalists and industry observers say the tech world should expect more of the same. “Most hot startups in 2016 won’t be trying to lead revolutions or usher in whole new industries,” says Igor Shoifot, an investment partner with TMT Investments. “Instead, they’ll be enhancing existing technologies, products, services, or transactional ecosystems by saving users time, money, effort, and helping them make better choices more easily.” However, according to CIO, the…

2016: The Internet Forecast to Quadruple in Size in Next Four Years

January 13, 2016February 11, 2016 Staff Writer

Global mobile Internet data traffic is forecast to increase 18 times from 2011 to 2016, to 10.8 exabytes per month (or 130 exabytes annually). Recently, Cisco issued results of the annual Cisco® Visual Networking Index (VNI) Forecast (2011-2016), the company’s ongoing initiative to forecast and analyze Internet protocol (IP) networking growth and trends worldwide. The VNI Internet Forecast update covers 2011-2016, and quantitatively projects the significant amount of IP traffic expected to travel public and private networks, including Internet, managed IP, and mobile data traffic generated by consumers and business…

Apple suspends online TV service development efforts: Bloomberg

December 10, 2015February 11, 2016 Staff Writer

Apple Inc has suspended plans to offer a live Internet-based television service and is instead focusing on being a platform for media companies to sell directly to customers through its App Store, Bloomberg reported on Tuesday. Apple’s plan to sell a package of about 14 channels for $30 to $40 a month has run into resistance from media companies that want more money for their programing, Bloomberg reported, citing a person with knowledge of the matter. Apple was in discussions with broadcasters such as CBS Corp and Twenty-First Century Fox…

WTO members reach landmark $1.3 trillion IT products trade deal

September 28, 2015February 15, 2016 Staff Writer

WTO members representing major exporters of information technology products agreed on 24 July 2015 to eliminate tariffs on more than 200 such products. In a meeting at the WTO headquarters in Geneva, a tentative accord reached by 54 WTO members on 18 July was confirmed as the basis for implementation work to begin. Ministers from the participating members will now work to conclude their implementation plans in time for the WTO’s 10th Ministerial Conference which will be held in Nairobi this December. “Today’s agreement is a landmark,” said WTO Director-General Roberto Azevêdo.…

Drill-Down Report Finds Global Financial Services Businesses 300% More Susceptible To Cybercrime

June 24, 2015February 16, 2016 Staff Writer

Global financial services businesses encounter security incidents 300% more frequently than other industries, according to a report released on Tuesday by Raytheon | Websense, a company that helps protect organizations from cyber attacks and data theft. The 2015 Financial Services Drill-Down Report found “a high degree of specialization among criminals attacking financial services, a huge investment in the lure attack phase and the specific and anomalous Cybercrime attacks pointed at global targets dealing in finance.” “For years, this industry has been under attack by highly specialized groups of criminals,” said…

Federal Reserve Bank of St. Louis Confirms it was Hacked

May 20, 2015February 16, 2016 Staff Writer

SAN FRANCISCO — The Federal Reserve Bank of St. Louis confirmed on Tuesday that hackers had successfully hacked the bank, redirecting users of its online research services to fake websites set up by the attackers. The breach was just the latest in a spate of hackings against government systems in recent months, affecting the White House, the State Department and even the president’s own email account. In this case, the attack appeared to compromise the Internet’s routing system, known as the domain name system, or D.N.S thus was hacked. In…

Why investors should be concerned about cybersecurity breaches

April 8, 2015February 16, 2016 Staff Writer

Major security breaches continue to hit headlines, as businesses are forced to shift from focusing on the imminent nature of threats to calculating their potential financial impact. Companies are investing billions of dollars in cybersecurity, but the average return on spending for security technology is only 14%. Every year the cost of a data breach continues to rise. In spite of this, investors and shareholders don’t react strongly to news of a breach. Target’s stock fell 11% after it revealed it was the victim of one of the largest breaches ever to…

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

February 17, 2015February 16, 2016 Staff Writer

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…

Coca-Cola applies to trademark its hashtag slogans

January 8, 2015February 17, 2016

Drinks maker Coca-Cola has filed two trademark applications covering Twitter hashtags. Documents filed at the US Patent and Trademark Office in December show that the multinational company has applied to trademark ‘#cokecanpics’ and ‘#smilewithacoke’. It is not clear how the hashtags will be used across Coca-Cola’s various Twitter accounts, but the drinks brand has been known to encourage interaction with its more than two million followers. The company uses the #cokejourney slogan on Twitter to promote personal development among Coca-Cola fans. For William Hansen, partner at law firm Lathrop &…