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Deloitte gravitate investment in the Internet of Things

October 27, 2016

The Internet of Things (IoT) has rapidly assumed the status of a business mega-trend. While some forward-thinking businesses, government agencies and other organisations have already taken the first steps in implementing IoT components, it is easy to be overwhelmed by the sheer amount of data available. Deloitte has invested substantially in its IoT capacity in order to support businesses in their transition. A recent Deloitte Digital event on IoT was attended by senior executives across industry sectors, highlighting the demand for knowledge regarding IoT deployment. The event focused on real…

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Brookings Study estimates cost of internet shutdowns in 2015 at $2.4 billion

October 25, 2016 Staff Writer

Whenever there’s a shutdown of internet access or restrictions placed on an app, we shake our heads disapprovingly because we know it’s a fundamentally bad idea to do that. But what exactly is the cost of those shutdowns? A new study from the Brookings Institution suggests well over $2 billion over the last year. The study, by Brookings analyst Darrell West, is a very rough estimate of these costs. We’re talking back-of-napkin rough — well, assuming you were sitting at the bar with MIT and World Bank economists. Essentially, West…

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U.S. Federal bank regulators outline new cyber security standards to stem attacks

October 21, 2016

U.S. bank regulators on Wednesday outlined cyber security standards meant to protect financial markets and consumers from online attacks against the nation’s leading financial firms. Leading banks will be expected to use the most sophisticated anti-hacking tools on the market and to be able to recover from any attack within two hours, said officials briefing reporters on the plan. The rules, which will be finalized after industry input, is meant to raise cyber security to a top priority for corporate executives and boards, according to the banking agencies. Banks with…

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Interview: Hootsuite’s CEO Lessons from Getting Hacked on Social Media

October 7, 2016September 4, 2017

“Hey, it’s OurMine Team, we are just testing your security, please send us a message.” Earlier this summer, that message was blasted out to my followers on Twitter… only I didn’t send it. I had been hacked. It was embarrassing. I run Hootsuite, a social media management company that prides itself on world-class security for our customers. How could this happen? What did I do wrong? In the following days, I learned that Ev Williams, the co-founder of Twitter, had fallen victim to the same hackers. And not long before that,…

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Internet companies petrified after hackers release code behind one of the most powerful online attacks

October 7, 2016October 7, 2016

Internet companies are bracing for more trouble after hackers released the code behind one of the most powerful online attacks ever, which harnessed as many as one million internet-connected devices to knock a blogger offline. The malicious software takes advantage of weak security on video recorders, routers and other internet-connected devices, taking control of the systems and forming them into a collection of attacking machines, called a “botnet.” It can then disable a victim’s internet servers by flooding them with an overwhelming amount of internet traffic. The botnet code was…

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Zuckerberg “deeply disappointed” by the Internet.org, SpaceX Falcon 9 rocket explosion

September 2, 2016 Staff Writer

Earlier today, a SpaceX Falcon 9 rocket exploded on the launch pad for no apparent reason. While we’re still trying to learn more about what happened, we already know that the company was doing a test, and an anomaly created a big mess. Fortunately, all personnel were clear of the launch pad. But this incident is going to affect Facebook’s Internet.org effort in a significant way as a satellite was also destroyed in the process. While insurance companies are going to pay out for today’s failure, the SpaceX rocket was…

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CISCO Visual Networking Index Reveals That There Will be 4.1 Billion Internet Users By 2020

June 10, 2016 Staff Writer

There will be 4.1 billion internet users by the year 2020, the Cisco Visual Networking Index Complete Forecast for 2015 to 2020 has revealed. As aptantech reports, the forecast predicted that there would be 1 billion internet users who would join the global Internet community by 2020 and that global IP traffic would nearly triple at a compound annual growth rate of 22% over the next five years. The traffic growth will be impacted by the gloal digitization transformation which is based on the adoption of personal devices and the…

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Android app Malware steals two-factor SMS codes, hijacks big Australian banks systems

March 11, 2016

Millions of customers of Australia’s largest banks are the target of a sophisticated Android attack which steals banking details and thwarts two-factor authentication security. Commonwealth Bank, Westpac, National Australia Bank and ANZ Bank customers are all at risk from the malware which hides on infected devices waiting until users open legitimate banking apps. The malware then superimposes a fake login screen over the top in order to capture usernames and passwords. The malware is designed to mimic 20 mobile banking apps from Australia, New Zealand and Turkey, as well as…

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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…

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Guarding your online brand against cybersquatters

November 13, 2015February 11, 2016 Staff Writer

If you had a business called Widgets R Us and somebody set up shop right next door with a business called Widgets R U, you’d probably be a bit miffed. Especially if the interloper then demanded money to move elsewhere. cybersquatters: But this sort of thing is happening all the time online. It’s called cybersquatting – buying up website addresses, or domain names, that sound very similar to existing well-known brand names. When Google recently launched its new parent company Alphabet, and the abc.xyz web address, there were more than…

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