Tag: headlines

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

Staff Writer
Google

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…

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Federal Reserve Bank of St. Louis Confirms it was Hacked

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…

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Why investors should be concerned about cybersecurity breaches

Staff Writer
Liquid Telecom

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…

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

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…

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Coca-Cola applies to trademark its hashtag slogans

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 &…

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Top 10 CEOs Innovating the African Tech Industry

Staff Writer
DPA

African Tech 10. Alpesh Patel, Oju Africa Created in 2012, Oju Africa is part of Mi-Group International and is the first African-centric Emoticon provider. Running the show is Apesh Patel who has set his sights high in trying to bring Apple on board to diversify its range of emoticons; the word ‘Oju’ literally meaning ‘faces’ in the Yoruba language from its native Nigeria. 9. Barbara Mallinson, Obami Voted as one of the top young people to take to lunch, Barbara Mallinson has been labelled as one of the most refreshing…

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Fortune’s 40 under 40: The future of women in tech looks bright

Staff Writer

The diverse and robust pool of female founders and tech execs at Fortune’s 40 under 40 party proves positive for Silicon Valley’s future. Editing Fortune’s 40 Under 40 list is, every year, an education in ambition, disruption and extraordinary achievement. The process takes months of reporting, lots of debate and discussion and a healthy amount of handwringing as our deadline looms. And then comes the fun. Every year, we hold a giant party for the 40 Under 40 and a few hundred other movers and shakers in the San Francisco…

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Facebook’s Mark Zuckerberg speaks Chinese in Beijing visit

Staff Writer

Facebook has been blocked by Chinese authorities for over five years, but company founder Mark Zuckerberg appears to be on a new charm offensive to crack the massive market. In a move that has sent tongues wagging across China and around the globe, Zuckerberg on Wednesday showed off his nascent Chinese language skills in Beijing by participating in a 30-minute question-and-answer session conducted entirely in Mandarin. When asked about Facebook’s plans in China, Zuckerberg said the company already has a presence in the country, focused on helping Chinese companies grow in…

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Oculus founder thinks virtual reality can disrupt more than just video games

Staff Writer

For now, Luckey admits, the video game industry is the best place for pioneers to work on VR. “It’s the only industry with the talent to create 3D environments,” he says. Oculus Rift’s Palmer Luckey Wants Virtual Reality To Disrupt Your Industry Too Palmer Luckey is a guy with a definite vision, one of virtual reality transforming not only how video games are played in the living room—but also changing the way teachers conduct their classroom, how doctors perform surgeries at a hospital. Consider, Luckey says, the opportunity of allowing every…

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Forbes lists 10 Emerging Women Entrepreneurs To Watch In Africa

In June this year, She Leads Africa, a Nigerian-based social enterprise that aims to foster business growth in Africa by providing female startup entrepreneurs with the knowledge, networks, and financing to build and scale strong businesses, launched a business pitch competition. The purpose of the competition was to select ten exceptional young female entrepreneurs doing business in Africa to participate in an  Entrepreneur showcase, whereby the entrepreneurs would pitch their businesses to a panel of esteemed business leaders and investors, including Nigerian multi-millionaire telecoms tycoon Hakeem Belo-Osagie, Standard Chartered Nigeria…

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