Over the past three years there has been a significant rise in cyberattacks to businesses of all sizes. Attacks on companies such as TalkTalk, VTech, Ashley Madison and Target are all examples of the rising level of cybercrime worldwide.
The challenge of securing data systems has become more difficult than ever. Since 2013, the number of data attacks have almost doubled, costing many more companies billions of dollars as well as reputation damage and loyalty loss.
Financial sector prime target of cyberattacks
According to the findings of a recent NTT Communications report, finance continues to be the most targeted sector with 18 per cent of all detected attacks. This follows a recent cyberattack on Bagladesh’s central bank, in which cyber thieves netted $81m after executing a series of transactions via the New York Federal Reserve to accounts in Sri Lanka and the Philippines.
Other vulnerable sectors in the report included manufacturing, technology and business services. “Business and professional services increases are the result of the risks inherited through business-to-business relationships”, said the report’s authors in their summary.
A cloud based alternative
The call for companies to switch from information systems hosted on their own premises to cloud based systems appears to be gaining momentum. By 2020, it is estimated that cloud-based security systems will account for half of all web security revenues.
This trend appears to be driven not by companies looking to cut costs, but from a growing recognition that outsourcing security is a more efficient and secure way to operate.
“Security on user premises versus that of systems in the cloud is like comparing physical security in an office block with that of a shopping mall” says Salman Ali, principal at management consultancy Arthur D. Little.
According to Ali, information and communications system security is following a similar path. “In an office block there’s a security man at a desk near the front door, controlling who and what comes into the building. In a shopping mall there’s no security at the front door, but lots of vigilant and visible guards observing and intervening when necessary.”
One obvious example of this can be found in how anti-virus protection has changed, says Mr. Ali. Anti-virus software used to be a one-off installation, but now it is updated continuously because “it has been ‘cloudified’,” he says. The same will happen to firewalls and a host of other security devices. “You no longer have to manually configure each device. Now, like the anti-virus, they too can be updated across the board, using rules (or policies) that can be centrally pushed out.”
The cloud is changing security approaches
The cloud is allowing and requiring a fundamental change in the way we approach security agrees Daniel Dalek, director of research development at NTT Com Security in Gothenburg, Sweden.
“The pace of malware development has already reached levels where signature based approaches can no longer keep up. Combined with an exponential increase in data volume and complexity we need to think differently on how we can protect our customers,” he says.
Commenting on the future challenges posed by cybercriminals Mr. Dalek says “By focusing on behaviour-based detection methodologies using machine learning (a subset of artificial intelligence or Al) we can provide more robust prevention capabilities. We strongly believe this will finally turn the tables and allow security vendors to be more proactive.”
Trump Comments on Stock Market’s latest drop – says it’s ‘peanuts’
Trump says Tuesday’s market drop is ‘peanuts’
President Donald Trump played down the stock market’s losses on Tuesday as “peanuts” when compared with the importance of striking a good deal with China and the gains since his election.
The Dow Jones Industrial Average “was about 16,000 or 15,000 and now it’s almost at 30,000,” Trump said at the NATO summit in London. “It’s going to be at 30,000.”
“If the stock market goes up or down — I don’t watch the stock market. I watch jobs. Jobs are what I watch,” he added. Today’s move is “peanuts compared to — we have picked up record numbers so that’s OK. That’s the way I feel.”
The major stock indexes slid Tuesday after Trump said he thinks it would be a good idea to delay signing a trade deal with China after the 2020 presidential election. The Dow Jones Industrial Average fell more than 450 points at its lows on Tuesday, led lower by trade-vulnerable Apple, Caterpillar and 3M.
“In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now, and we will see whether or not the deal is going to be right,” Trump told reporters before U.S. markets opened Tuesday. When asked if he had a deal deadline, he added: “I have no deadline, no. … In some ways, I think it is better to wait until after the election if you want to know the truth.”
Despite his assurances that he doesn’t watch the market’s daily moves, Trump often tweets within hours of when the U.S. equity market reaches an all-time high. He has tweeted the keyword “stock market” 107 times since his inauguration
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11 kids quotes we’re all feeling
Ok so there’s always that time when you just wish so bad you could straight up say whats on your mind, but you know you really shouldn’t, so you don’t. Well leave it up to kids to say exactly what you’re feeling, no hesitation or regret. Check out these kids quotes that say everything you wish you could!
Why do kids say the darndest things? Comment with your favorite!
How to become a better businessman in 6 steps; Priceless advice from Entrepreneurs
Become a better businessman in 6 steps following this priceless advice from accomplished entrepreneurs.
- “Do something you’re very passionate about, and don’t try to chase what is the hot passion of the day.”
Jeff Bezos accentuates having passion for what you are doing, because if you don’t love it you are much more likely to give up. It’s hard to take an idea and turn it into reality, especially by yourself or when people whom you respect tell you it can’t be done. The passion and love you give to your project will determine it’s success rate over time.
- “Don’t let people who you may respect and who you believe know what they are talking about tell you that it can’t be done.”
Pierre Omidyar continues to say that often they will tell you it can’t be done and that’s only because they don’t have the courage to try it.
- “If you know exactly who you want to be, you need to spend as much time [as possible] with people that are actually that already.”
This advice from Gary Vaynerchuk is actually priceless when it comes to success in the business world. Think as well “It’s not what you know but who you know,” and surround yourself with people you look up to. Human’s adapt to their surroundings quickly, and soon you won’t just want to be an entrepreneur, you will also know how to act like one.
- “Come up with 10 new ideas every day.”
Coming up with at least 10 new ideas every day will keep your “idea muscle” in shape, which is critical for an entrepreneur in order to keep going and stay ahead of the fast paced business world. James Altucher continues to say that once you’ve done this for about 6 months you will be an idea machine. New ideas keep passionate projects alive and ensure growth in every direction.
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- Realize that, “naturally, nobody is interested in your ideas. You have to persuade them, and you have to show them that you are the one person out there that can do it.”
Robert Greene, an American author known for his books on strategy, also says that “no one is really going to help you or give you direction.” Realizing this sooner than others will give you a head start and the ability to stop looking for recognition in others. Instead, you can focus on your passion project and make it perfect, and the world will not be able to ignore it.
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- “Don’t think about ‘how do I get big fast.’ That will happen if you build something meaningful and important.”
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Danae Ringelmann’s advice is not something to skip. If you rush your ideas or your product you will be relying on luck more than anything to create success for you. While luck is certainly involved in alot of things, relying on it or betting on it to ‘get big fast’ doesn’t help you become a better businessman. Being proud of what you create, instilling passion into your work, and working hard will ensure success more than anything.
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