Telegram Founder: Crypto Mining Malware Not An App Flaw

 

 

There was a report by  that the attackers had discovered an exposed backdoor in Telegram Messenger, this vulnerability helped the attackers unknown to the owners turn computers into cryptocurrency miners.

These clandestine crypto mining operations had been going on since March 2017 reported Kaspersky Labs, the company that discovered and exposed the cyber attacks. Kaspersky also said a zero-day vulnerability in the Telegram messenger desktop app gave the attackers the ability to create and spread a never before seen the type of malware that could create a backdoor Trojan and also mine cryptocurrency.

 

A Kaspersky lab analyst said they had found quite a number of possible actions of the zero-day exploitation which asides from being spyware and malware, could also send unknown and unseen software for mining cryptocurrency, and that infections like that had become a global phenomenon.

Here is a little insight into the operation of the Telegram vulnerability; there is a way the Telegram Windows client deals with the RLO (right-to-left override) Unicode character (U+202E), in that process lays the vulnerability. However, that RLO Unicode Character is how languages are written from right to left (like Hebrew or Arabic) are coded. Kaspersky’s report states that a hidden RLO Unicode Character contained in the file name that flipped how the characters were ordered, thereby giving the file a new name was how the malware creators got access to computers. Like in this example, an attacker names a file “IMG_high_re*U+202E*gnp.js” and sends to someone using the Telegram messenger, the file seen at the User’s end will be “IMG_high_resj.png” (notice how a flip has happened to the file format), the user then clicks on the file thinking it is a picture file, then a JavaScript file containing the malware would be secretly downloaded.

                                                 Founder of Telegram

 

However, the founder of the Telegram application did not waste time in deemphasizing the allegations. He is of the opinion that antivirus companies always do the most at stretching the severity of their results, just to excite the public, and as such, should not be taken seriously. He also rebuffed Kaspersky’s claim by explaining that what they uncovered was nothing near a vulnerability of the Telegram messaging app, and also that there was no way cybercriminals could gain access to users’ computers without the users opening something malicious. He further assured Telegram users that they were safe and had always been safe.

According to Kaspersky, Fantomcoin, Monero, Zcash and other cryptocurrencies were acquired, and according to the evidence they had, Russians were behind the malware, and also that it could be used as a backdoor for hackers to gain access and silent control of users’ computers. Records of a Telegram local cache which most likely was stolen from victims was found in the process of doing their analysis of malicious servers.

One sure way to guard against such attacks is to avoid downloading and opening suspicious files from untrusted and unknown sources, as that suspicious file could be a portal for attacks.

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Arizona Law to Delineate ICOs and Securities

 

The world might be deliberating prohibitions and regulations on crypto activity, but in Arizona, they have embraced it so wholeheartedly that public records show that there has been a hike in the number of blockchain bills in the state’s legislature.

The state’s Senate has already passed a bill that approves its inhabitants to be able to pay their taxes in cryptocurrency. This new bill didn’t just pass all the stages in Senate as smoothly as one would believe. Arizona’s Senate minority leader Steve Farley was of the opinion that the volatility of the bitcoin might be a problem when it relates to tax payments. His fears were somewhat allayed when Arizona’s Department of Revenue confirmed that they would have only 24 hours to change the bitcoin payments into dollars.

The bill has already gone on to the state’s House of Representatives. If it is successfully passed, the state could soon start collecting bitcoin as an accepted form of tax payment.

Jeff Weninger, a Republican member of the Arizona House of Representatives (who was also very instrumental in the passing of the first bill) introduced two new different means focused on blockchain – one of which would start the process for an administrative structure for initial coin offering (ICOs) implemented in the state.

It should be noted that two new bills brought up by the representative comprise of words like “blockchain”, “virtual coin”, “virtual coin offering” and they are potential terms that might be added to the Arizona government’s catalog of definitions.

The virtual coin is defined in the first bill as a medium of exchange that can be traded digitally. A virtual coin has virtual value and can be used to store value.

The second bill tweaks the provisions of the Arizona Revised Statutes that pertain data created and stored by blockchain. The bill is in relation to the one that legitimized blockchain signatures and smart contracts implemented last year. This bill makes digital signatures have the same enforceability as written signatures. Arizona’s law now directs that smart contracts are to be also recognized and enforced.

The Arizona Electronic Transactions Act (AETA) provides that virtual signatures areas enforceable as written signatures. HB 2417 stipulates that signatures, e-records, as well as smart contracts — made through blockchain and entrenched by UCC Articles 2, 2A, and 7 — are recognized as legal e-signatures under the appropriate Arizona Act.

Using the “killing two birds with one stone” analogy, the legislature arm of the Arizona government has given a very comprehensive definition of cryptocurrencies and has ensured a solid foundation for contracts which are implemented using them. This means it’s now easier for people to meddle in the cryptocurrency world while ensuring they can do business with it.

It is worth to mention that the Arizona government perpetually sets up processes that strengthen the harnessing of the blockchain technology’s features.

Weninger is of the belief that cryptocurrency payments posses a multitude of merits which include the ease at which it can be used and the convenience it has.

 

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How Is Bitcoin Marketing Itself

As a result of the Greek economic downturn and financial crisis as a whole, Bitcoin found itself at the centre of the news debate. Due to its natural characteristics, its decentralised platform, and ultimately its fascinating make-up due to the blockchain technology on which it is based, Bitcoin offers an exciting new wealth of opportunities. With the development of the bitcoin gambling casino which has introduced provably fair gaming to the online world and implementation by brands such as Subway and Steam, the cryptocurrency is continuing to grow. Despite numerous restrictions being placed on Bitcoin, the debate around its potential is continuing, and in turn the cryptocurrency has begun to market itself. Here, we’re taking a look at how.

The Characteristics Of Bitcoin

There are numerous exciting opportunities which Bitcoin provides, and a lot of these come from the characteristics behind the blockchain technology which makes up the cryptocurrency. Firstly, the decentralised element to the Bitcoin offers numerous advantages which is actually leading to disrupt numerous financial institutions. Despite its unpredictability and its evolution under the auspices of a nebulous entity, it is this challenging nature which is actually attracting numerous investors. The cryptocurrency is almost completely anonymous, and as such, many users feel protected when making purchases.

The blockchain technology itself is also exceptionally secure, with fraud being somewhat deterred by the make-up of the cryptocurrency. All of these characteristics have gradually marketed themselves, and with the boom in investment, more individuals are turning to this cryptocurrency as an alternative payment method.

Price Performance

A major indicator of the cryptocurrency’s growth is its price performance, and with the huge amount of investment going into the currency in recent months, it’s unsurprising to see that the price has boomed. Despite many critics believing that the currency remains unstable, the Bitcoin is marketing itself as a well-performing investment opportunity for many. While many are concerned about the regulations which are beginning to be imposed, these will only stabilise the cryptocurrency, further opening opportunities for use.

 

Fear By Financial Institutions

One of the major marketing aspects for Bitcoin is the fear it has imposed in some traditional financial institutions, which may now have to evolve their techniques in order to keep up with this ever-growing technology. While traditional financial institutions may see this as a negative, consumers and individuals will see this as a positive, as banks will now have to adapt their methods in order to keep funds as secure, yet accessible, as possible. Some financial institutions, such as Barclays, have already started to adopt cryptocurrency and blockchain technology, and have begun discussions with regulators on how to bring this technology into play more efficiently. With big brands such as these, alongside the likes of Subway, Microsoft, PlayStation and more embracing this technology, Bitcoin is being marketed in more ways than ever before.

While many associate Bitcoin with having an image issue, in modern times, this is very much the opposite. With increasing regulations being implemented, Bitcoin is only going to stabilise more efficiently, and as a result grow with more investments. Since the boom, Bitcoin’s marketing has been handled by the news and simply by word-of-mouth.

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Why Do Businesses Need to Support the Application of Cloud Computing

Cloud computing enables a business to manage their computing resources online. In the end, most companies will have to move their applications to the cloud. So we remain with the question, why are most businesses migrating to the cloud? Reason being cloud computing is essential. An organization through this gets an opportunity to host their data centres, processes and applications online. Moreover, cloud computing improves cash flow, efficiency and others as discussed below.

  • Environment-friendly and low on cost

Cloud Computing assists in storing the data centre, processes, applications and the entire data system with no harm or interruptions to the environment. More so, it aids in making transactions, uses high and cooling systems so that it does not get the overheated. Besides, electricity energy used will be lower thus saving the cost.

As the organization expands, there will be no more investment in hardware or software infrastructure. With the help of cloud computing, the costs of developing and maintaining this infrastructure will be reduced. Thus cloud computing will be saving the business on costs.

Having an ability to do business without any boundaries is one of the major advantages of cloud services. You have access to your applications and data and is also available to all authorized users from anywhere where there is Internet access. In the case where your business is ever on the go, in other words, its mobile, then you require cloud computing to run. With this, you are free to get your information and access all your data from any place worldwide anytime.

Cloud services are ideal for businesses that have high demands for growth and fluctuations. The swiftness level of cloud capacity in such a way that it can be scaled in case of increase or decrease in needs can give a business a significant advantage compared to its competitors.

 

Cloud Computing ensures an e-commerce application caters to the changing demands of the market. Scalability is an essential characteristic of cloud computing. What makes the cloud useful is its ability to increase and reduce the demand on infrastructure resources. With the help of cloud computing, you can focus on building the infrastructure for success other than being worried about whether your in-house infrastructure can handle the constraints of success.

The loss of laptops and computers leads to a loss of a billion dollars in organizations. With this loss, sensitive data inside the devices will also be lost in the process. Cloud computing gives you excellent security in case this occurs. You find that all data you provide is stored in the cloud of which you can access it anytime. Also, data in the laptop can also be deleted in cases where you don’t want it to get into wrong hands. Stored data can only be retrieved by the reliable owner or any other user allowed the by the owner to get access. Otherwise, the data enclosed is kept private.

The more employees you have in your company the more control you require on documents. Literally, before the use of cloud, you would find that employees had to send files back and forth as attachments on email to one typical user at a single time. Usually, you would end up with entirely different contents, titles, and formats.

When you use cloud computing, all the files will be stored in a central point where every person will be able to access, make changes visible to all. Great visibility will, therefore, mean there is better work in the company and the bottom line is healthy.

  • Softwares update automatically

The other benefit of cloud computing is that the servers are out of sight and don’t have a maintenance cost. Suppliers will take care of them for you and roll out regular software updates, for instance, security updates so you don’t have to be worried about time wastage and maintenance of the system yourself. Leaving you off to cater to the things that matter for example growing your business.

The business performance is susceptible determined by the IT systems performance that supports that business. If the rate of interest or some other fundamental input changes, the insurer that can have the ability to update its systems faster than its competitors has an advantage, which will manifest itself in the bottom line

Cloud computing has promised on the speed of delivery that the business requires, but can it also give adequate control? One way to avoid the unexpected dangers of speed without control is for companies to select partners who are reliable to work with.

 

Despite knowing data security as an aspect of cloud computing, most people do not know that data recovery is even a benefit of opting for cloud computing.  You can back up your data on different storage and be sure to get it safe even if something wrong occurs.Have you moved to the cloud already? If not, it’s advisable to make some efforts. Application of the cloud computing helps the growth of your business in many ways as discussed. Data stored is safe and can be retrieved at any location. With the cloud, you feel more secure than before as your information is private.

 

 

 

 

 

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What Role Does a Modern Marketing Database Play in a Client-Centric Company?

Have you ever stopped to think what the entries in your customer database and marketing database are? Each entry is a potential lead that can bring more sales to a company. A marketing database has all the details of your existing customers and your potential customers. It is the operational tool of your marketing team that tracks the prospect of sales and profit. An excellent marketing database can not only track opportunities, but it can also collect leads, gather new information about potential customers and help in the analysis of your lead generation activity.

Why does your company need a marketing database as well?

An excellent database of customer intelligence will be able to provide you with all the details including the kind of research they are doing on your brand, their initial contact point (social media and search engines) and their actual activities on your website. A good database is like a complete storybook with each entry representing a short story including the type of relationship between brand and customer, and the profit each sale generates. Since each entry brings forth fresh data about the customer and the brand, you need to refresh your database on a regular basis.

How are most companies gathering so much data?

A vast majority of the upcoming brands and online businesses are utilizing third-party data vendors to collect actionable data. It might sound simple for those with a working knowledge of database management, but it can be difficult for the ones taking baby-steps in the realm of database administration. Regular updating can involve third-party data vendors. When that happens, data becomes too diffuse. Superficial data sets can cause functional data to reduce significantly. In these situations, a data expert can always help you filter out relevant data and make room for new actionable data in the store.

Utilizing multiple databases for optimizing marketing campaigns

Always remember to streamline your data vendors, even when you are using third-party data. In most cases, companies do employ several data sources for populating their marketing platforms. One of them usually provides the marketing leads, and the others typically provide the accounts. In these cases, you will need the help of a database administrator to ensure the authenticity of your data and to remove redundancy in the database. In most cases, social media, search engine data and application data prove to be valid sources of data for multiple marketing databases. Modern companies often use various data sources for achieving short-term wins and for streamlining long-term data collection efforts.

Modern trends in database marketing among customer-centric companies

In reality, most businesses are suffering from infobesity at this time. They are drowning in uncharacterized data, and they need references to help characterize them. Thankfully, new data management tools have evolved with techniques to sort through humongous quantities of data (big data) and leverage digital behavior of customers for an increase in efficacy of the process. Database marketing is shepherding a new era where companies can contextually utilize relevant customer insights to deliver hyper-personalized products and services to the modern customer.

Author Bio:

Sujain Thomas has been working as a database administrator for several years now. Her expert knowledge of data management has paved the way for cost-effective big data management and analytics in small to medium companies.

 

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5 Obvious Mistakes That You Must Avoid to Make SEO Efforts Effective

 

 

 

The New Digital Age of Marketing

In today’s digital age, every business strives to gain competitive advantage through digital marketing. SEO is an instrumental factor in expanding the digital marketing landscape. It aims at increasing the visibility of a website on a search engine.

However, the expansion of digital marketing also has certain drawbacks. The search marketers need to identify certain essential points to remember before conducting SEOs. The significant areas of focus for are the constant algorithm updates posted by search engines. For instance, Google has various algorithms for compliance, like Panda, Penguin, Hummingbird, etc. explained later in points below. Apart from algorithms, there also has been an entry of many fake websites in digital marketing providing misinformation which need to be checked. Following are five obvious SEO mistakes that you can avoid in your digital marketing blogs:-

1) Avoid stuffing of keywords

We all know that keyword management is the core of SEO process. Achieving Keyword optimisation is every search marketer’s dream. For that, there are many different technological solutions based on machine learning. These solutions also improve the ranking of a website on the search engine’s search results. However, many times in a quest to achieve a higher rank in search results, search marketers overuse certain keywords. They repeatedly use the keywords thinking that maximum search traffic can be attracted to their websites.

 

But you should strictly avoid this, as certain search engines have officially forbidden keyword stuffing through their algorithm updates. For instance, the “Hummingbird” algorithm update of Google on 22nd Aug 2013 strictly forbids the overuse of keywords. Thus, this is one miniscule SEO mistake you can avoid on your blogs.

2) Prevent irrelevant, spam links and broken links on your SEO website

At times, SEO websites itself have many spam links or irrelevant links which distract the customers. This might discourage a lot of search traffic for your website and will also affect your search result rankings. Also, search engine algorithms will impose some penalty on your website if the links are spam or irrelevant. For instance, the “Penguin” algorithm update by Google on 24th April 2014 forbids spam and irrelevant links on an SEO website. As a result, instead of positive digital marketing, it might lead to negative impact on the image of your site.

To avoid this, you can use backlink checker tools which continuously conduct a comparative check of your website’s links with the search engine’s algorithm updates to ensure that there’s no violation.

Broken links are incomplete links which lead your customers nowhere and negatively affect your website. You can easily prevent broken links on your site by simple careful monitoring

3) Avoid Plagiarism and Duplication in your website’s content

Among the significant problems in Digital Marketing are plagiarism and duplication of content. There has been a considerable amount of copying and duplication of content by fraudulent websites from the original content of authentic sites. Copy pasting or plagiarism discourages the digital marketing industry. While duplication can also be unintentional, but it still affects the websites. There have been algorithm updates of certain search engines over this issue.

For instance, on 24th Feb 2011 Google introduced “Panda” update to check plagiarism and duplication. So if you conduct digital marketing on Google, make sure you avoid plagiarism and duplication. You can approach the services offered by Joel House Search Media Brisbane. They will make sure to provide you with the best possible services at the minimum possible prices.

4) Avoid thin content and advertise-oriented content

 Most of the times SEO websites, to make quick and easy money, resort to posting heavily ad-centric content which lacks appropriate quality. As a result, such thin content does not help the online customers at all. This, in turn, will divert all the search traffic from your website. Recently Google introduced an algorithm update named “Fred”, on 8th March 2017 which strictly forbids heavy advertise and low quality in SEO content. Thus, you must ensure that your website provides quality and relevant content with minimum ad-traffic.

5) Improve your website’s Mobile usability & create a mobile version of your site

Many businesses which indulge in digital marketing only have a desktop site. And as you know that today most of the customers conduct their online searches on their mobile phones, they may be discouraged from visiting a desktop-only site. In fact, Google also had introduced an algorithm update named “Mobile”, on 21st April 2015, making it mandatory for SEO websites to have a mobile version of their sites to improve their mobile usability. So you must make sure that you create a mobile version of your website.

Conclusion

Digital marketing is a big ocean of marketing opportunities with the help of SEO. But certain points need to be taken care of such as search engine algorithm updates and misinformation. The algorithm updates like Penguin, Panda, Fred, etc. aim at checking content related factors like plagiarism, spam links, etc. So make sure that you comply with all these algorithms and avoid mistakes on your SEO blogs.

 

Author Bio: Christopher Jones is a serial entrepreneur, an angel investor and also a founder and former CEO of a digital marketing agency. He also has been an author of a best-selling book on SEO management. In this post, he has mentioned about the common problems that we can see in blogs as well as how it can be avoided for betterment. He has also mentioned about Joel House Search Media Brisbane services here.

 

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Spread Betting Advantages and Disadvantages

 

 

All in all spread betting is high risk gambling. Unlike traditional methods of gambling where you only lose your stake money, when it comes to spread betting profits and losses are potentially unlimited which makes them risky. If you have tried your hand at gambling whether that is in the form of actual casinos, bets or online casinos and are feeling confident then here is what you need to know about spread betting as well as the secrets of financial betting.

The most important thing to remember before you get involved in spread betting is to actually understand what you are doing. The basic explanation of spread betting is that it simply allows you to speculate on whether the price of an asset will rise of fall, depending on your opinion and predictions. You can gamble on almost everything from shares and commodities to stock market indices and house prices. The appeal with spread betting is you don’t actually have to buy the underlying asset you want to trade, you can just take a view on the prices offered by the spread betting provider as to whether the price will increase or drop.

How Spread Betting Works

A spread bet is a bet on the future movement of an underlying asset. In general terms if you believe the asset is going to rise you place a buy bet, if you think the asset is going to fall you place a sell bet. To place a spread bet, spread betting firm offer you a quote which consists of a bid depending on whether you think the asset is going to rise or fall. If you do choose to place a buy bet your profits will rise in line with any increase in that price. If you place a sell bet your profits will rise in line with any fall. However if you have chosen to sell and the asset falls you will have dramatic losses, there are many examples of spread betting with all outcomes.

Advantages

One of the biggest advantages to spread betting is the tax break, with UK law there are no taxes on your betting profits either stamp duty or on capital gains. Another is that it can be an easy and cost effective way to trade if you know what you are doing. As when you buy shares through a broker you have to pay a fee. With spread betting that is not the case as the spread betting provider makes their money from the difference between the bid and offer prices. It isn’t just about the cost spread betting allows you to speculate on a whole range of markets that would be difficult to access otherwise.

Disadvantages

The biggest disadvantage to spread betting is that if you have chosen a market that can be very volatile, unless you place a stop loss you could have a large amount of losses if you position moves against your prediction. As a long term investment it is not viable as if you hold a bet open over a long period of time the costs associated increase and it may be more beneficial to have bought the underlying asset. Ultimately you have no right as an investor, no voting right and you will not benefit from dividends.

 

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5 Things That You Should Look for When Selecting the Best VPN

 

A VPN, or Virtual Private Network, is a service  allowing  a company or indicudual.to connect directly to the internet via a server operated by a ultra high quality  VPN PROVIDER. All data traveling between your  phone computer, or even your tablet, and even the new glass screen hand held devices.  and the  “VPN SERVER” is securely encrypted.

Cyber Crimes, Hacking, Malware Attacks

With the increasing cases of ransom ware infections, cyber-crimes, hacking attempts and malware attacks happening today, increasing your privacy levels while online is crucial. Using an active Virtual Private Network will modify your virtual location and give you an extra security layer. Furthermore, it will give you access to blocked or restricted websites. Here are qualities to look for in the best VPN service.

Speed

Speed is one of the major aspects that separate the best VPNs from the ordinary ones. Nobody likes to deal with a slow connection, especially if you have a busy lifestyle. Go for a virtual private network that provides a fast and stable access. It is best to opt for VPNs that have different offer options so that you can always have the speed you need for different services.

Ease of use

You need a VPN that is easy to use and should not require tech expertise. You need to go for a service that offers you the protection that you need and does not compromise on user experience. Good VPNs should be hassle-free and intuitive to ensure that you do not waste your time on them. You should not bother with a VPN service that does not deliver within a few minutes.

Solid security

Various encryption protocols will deliver different security levels. You must determine the type of encryption that is used by the VPN service that you are considering. Most VPN providers will also use security measures such as firewalls, secure VPN nodes, security audits, dedicated servers, PCI compliance and more. Solid security is important because your privacy while online should be protected at all times. For excellent security, check out FastestVPNGuide’s website.

Different server locations

A good VPN service offers servers or IP addresses from different global locations. This is crucial, especially for users who need IP addresses for specific countries. For example, if you want to access content that is only available to US audience, then you will have to use a US IP address. You should ensure that your service provider allows for IP switches, especially if you want to use multiple IPs from several countries.

Tech Support

Knowing that your queries will be answered promptly and in detail is an important thing, particularly for those who are not experts in this field. You need a VPN service that will be there for you whenever you need assistance or are stuck. Readily-available and helpful customer service is crucial for any client. Go for companies that have a detailed FAQ segment and committed customer care representatives.

The pricing of VPN services should not be taken for granted. This is because there are tremendous price variations between various VPN service providers. When buying a VPN service, you should avoid the cheapest deals in the industry. This is because quality service is never cheap and you will get what you pay for. Take time to compare available VPN plans to choose one that fits your budget and has all the features that you need. With a little research, you will find the best VPN services that will protect your transactions and activities online.

 

 

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I T Trends Are Leaving Their Mark on Cloud Strategies

Organizations and enterprises have realized that they are spending a lot of energy, effort, and time as well as management bandwidth to create IT infrastructure whereas it is now readily available for their use. As a result, more and more companies are turning to Cloud services that offer flexibility and scalability at very affordable costs.  Doing away with the need for any infrastructure development means saving money. IT practices have changed drastically ever since the introduction of Cloud computing, and now the market is ready to witness a new wave in Cloud computing consisting of private, public and hybrid Cloud services.

Enterprises are now feeling the heat of competition and desperately looking for scaling up their computing resources that would enable them to serve customers better. It has led to the rapid adaption of the Cloud environment with 38% enterprises getting ready to build private clouds while another 32% rely on public cloud services that they procure. Indeed, the most attractive option seems to be the hybrid cloud with 59% enterprises going for it. In an attempt to keep pace with the demand for cloud services, the big players like AWS, Google, Microsoft, and IBM are gearing up to attract big companies by rapidly adding new data centers to the existing facilities.  The emerging trends in cloud services NYC will become clear as you go through the rest of this article.

The shift towards co-location services

The trend of co-locating data centers is on the rise. Co-location is the practice of using third-party data centers for housing networking equipment and privately owned servers instead of putting it up on own premises. Renting space at a co-location center is the latest trend among companies that find advantage in the system as they are relieved from the uncertainty about which cloud service would be best for them.

Besides renting out space with a higher level of physical security, the co-location provider will also provide the power, IP address, bandwidth and cooling systems that would be necessary for proper deployment of servers. In addition to the benefit of economies of scale, the managed data centers offer better connectivity with far lower network latency that enables companies to avail various SaaS and public cloud services. The arrangement gives businesses the opportunity to adopt a multi-cloud strategy and to test services of different Cloud service providers before deciding on the most suitable one.

Hyper-converged infrastructure for private cloud

Although organizations prefer to place data in the public cloud for its flexibility, lower costs and better security, not all CIOs are comfortable in sharing with a third party, sensitive business data and customer data. The reservation of CIOs in confiding in third parties with sensitive data is pushing organizations towards private cloud services that require advanced virtualization, automation, standardization, resource monitoring and self-service access just in the same way as public clouds. Creating a cohesive system by collating the capabilities is expensive and can be quite daunting.

The solution lies in going for hyper-converged infrastructure solutions that provide a software-centric architecture that acts as the binder and holds together storage, computes, virtualization and networking resources along with other technologies in a commodity hardware box that the vendor provides. Hyper-converged infrastructure provides the foundation for private cloud development especially for new workloads that require automated scale out at a rapid pace. You can add as many boxes as you like to enhance the pool of resources.

Improved spending on cloud services

Cloud vendor management is a complex area and containing the cloud cost can become quite challenging. It is particularly true for organizations that make use of multiple cloud providers. The numerous offers related to consumption plans and cloud service pricing from Cloud service providers add more complexities to the task of CIOs who are already having their hands full. Hiring a dedicated person to choose cloud contracts and undertake negotiations is a viable option that many organizations follow. However, with experience and exposure to better practices and by using cost management tools, IT executives are now able to derive better cost benefits.

Public cloud is hosting enterprise apps

It is no more a taboo for Chief Information Officers (CIO) to keep enterprise applications away from the cloud. They have become more comfortable in using the public cloud for hosting critical software as would be evident from the trend of hosting apps in AWS.  Business apps like SAP and other analytics software also have found a host in AWS, which is a clear indication of increased dependence of CIOs on the public cloud. Organizations can exploit the ability of the cloud in providing enterprise data that gives better insight for turning great ideas into software.

  Companies taking advantage of migration services and rewriting applications to move it to the public cloud

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The Future of Wall Street is On Line

 

Investment bankers were the lords of Wall Street for a long time. However, things started to change after the 2007 financial crisis. Lehman Brothers filed for bankruptcy and led to greater scrutiny of the operations of other Wall Street bankers.

It was during at same time when Morgan Stanley and Goldman Sachs decided to become bank holding companies so that they can gain access to the Federal Reserve’s discount window. By transforming into bank holding companies, the two firms are able to tap into deposits from their retail customers.

      Difference between Investment Bank and Bank Holding Company

An investment banks help governments and companies raise funds by issuing and selling securities. They also provide advice on other financial transactions, such as acquisitions and mergers. Although they are regulated by the Securities and Exchange Commission, they operate with less supervision compared to commercial banks.

A bank holding company is an umbrella corporation that operates commercial banks that include accepting deposits from their customers. They are supervised by the Federal Reserve, as well as the Federal Deposit Insurance Corporation.

After the two firms became bank holding companies, there are no independent investment banks operating in Wall Street. Citigroup remained the largest holding company in the United States, followed by JP Morgan.

                             What’s Next for Wall Street Banking

Morgan Stanley and Goldman Sachs are still able to engage in their investment banking activities even after they became bank holding companies. However, their operations will be under the supervision of the Fed.

Going to the Cloud

Financial services are now moving to the cloud. Trading firms and asset managers are in the process of moving all their data to the cloud. As the technology advanced, cloud servers have become more safe and secure. Plus, they offer flexibility and agility to their customers.

Cloud computing has become more important in the past couple of years, that there are talks of the death of traditional brokerage firms. It will not be long when companies don’t need Wall Street bankers. Instead, they can do their business in the cloud, just like in the real estate and travel industries.

wall street cloud text on blue sky, business concept

One of the main roles of an investment bank is to serve as the third party between corporations and investors through initial public offerings. Investment banks offer underwriting services for new stock issues once the company goes public and looks for equity funding.

In the future, FinTech companies are able to offer the same services through cloud computing. Such company can partner with several banks to reduce exposure of a single bank. Everything will be transparent to ensure all transactions comply with existing rules and regulations.

The 2007 financial crisis has exposed the weaknesses of Wall Street banks. It is time to be gone with the old ways of doing things on Wall Street, and adopt new methods and technologies to make things more secure, safe and convenient for all stakeholders. And the key to all this is cloud computing.

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