The Impact of Cyber Attacks on the Banking Industry

 

There have been increasing numbers of cyber attacks reported in recent years across all industries and it is costing the United States an absolute fortune in cyber security. Obama announced that $19 billion was to be dedicated to the ongoing fight against cyber criminals, highlighting the gravity of the threat it now poses to businesses and even households.

In 2016 there were widely reported attacks on PayPal, Twitter and Spotify to name a just a few of the big companies that have been targeted. The number of cyber attacks across the world is increasing and businesses are spending more and more money in deterring the crime.

Banking Sector Most at Risk

Of course, the banking sector is one of the industries that are most at risk, given the nature of the data that they hold. This means that banks have had to dedicate significant funds on developing their digital infrastructure to strengthen their cyber security. The banking world has long been seen as a very profitable industry and for many banks that still remains to be true. Investment banking experts like Fahad Al Rajaan demonstrate that the banking sector can still be a very effective way of making money. It is therefore vital that banks are protected from cyber-attacks.

Preventing Cyber Attacks

As well as spending more on software to reduce the chances of an attack, companies now spend more on resources dedicated to preventing cyber-attacks. This means that extra IT personnel are required, extra training for all staff and more resources allocated to analyzing their cyber security and performing risk assessments.It also means that more robust policies and processes must be introduced. This can vary from developing and delivering online training for staff to raise awareness about the risks of cyber security, to employing a whole team of experts to audit the processes. It is certainly becoming a very costly affair.

Cyber attacks not only cost businesses from the initial financial sting, they are also impacted by the reputational damage that the attacks can cause for years to come. If somebody feels that their money isn’t safe with a bank, then they are likely to close their account and go to another one that they feel will protect their money better. The more publicity that a cyber attack attracts, the higher the reputational damage will be.As mentioned before, the government is committed to driving down and eventually eradicating the threat of cyber attacks. Greater cyber security laws are being ratified and harder punishments will be a deterrent for many would-be cyber criminals.

 

Finding a Solution

It is unfortunate that such huge amounts of money are being spent on cyber crime, both by the government and by businesses. Until a solution is found, it looks like this trend will continue and the threat of cyber attacks will dominate how businesses setup their IT structures and policies.

 

 

 

 

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Social Media Websites That You Have Not Heard About

SoundCloud is one of those popular social media platforms where music lovers get to share both their music and other people’s music. But unfortunately, most people haven’t discovered this effective site as they still use YouTube for all their musical needs.

Unlike YouTube, SoundCloud is designed specifically for audio music, meaning that it comes with more functions including reposting, commenting and replaying.

Pausing and playing is instantaneous and it is very easy to find your way around it. There is also a wide variety of music available in here which includes unofficial remixes from upcoming artists as well as covers. Browsing can be done by genre, what’s trending and you can create a playlist based on your favorite songs.

 

A twitter subsidiary video app allows for you to have live web broadcasting from your phone. It will automatically send notifications to your followers to tune in and find out what you are up to?

You can choose to either go public or private especially if you are targeting specific users. Interaction is possible by commenting or leaving hearts.

Yik Yak is another social media platform that might not be that popular but is growing in popularity especially with the younger generation. There is no addition of friends in Yik Yak since it operates on its anonymity allowing you to only read short updates from people near your area.

The same kind of anonymity is extended to replies since you can do so with an alias. Your post can either be up-voted or down-voted by the people who get to see it.

 

Kik is a texting platform that is also taking root among young adults and teens. It allows members to text anonymously using usernames instead of their phone numbers which are in this case concealed.

It is efficient in not only chatting with people you know but also meeting new people who happen to be in the group. You can send GIFs and photos to friends. Scanning Kik codes allows members to add each other with ease.

 

While the Foursquare app is for location purposes, the additional Swarm app helps foursquare members to socialize with ease. Your friends will know where you check in, and if they are around, they can use the Swarm app to make arrangements to meet up. There are some games that players can use to play and stand a chance to win different prizes.

 

 

 

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High Cable Costs Are Blowing Up !

The way we watch television today has dramatically changed from just a few years ago. It is no longer required to be tethered to the cable cord with several different streaming services such as Netflix and Hulu that could potentially save you thousands in the long run. Cable bills generally come in at a staggering two hundred dollars per month, but most streaming services have memberships as low as six dollars per month. Several new streaming services such as Amazon Prime Video, Amazon Fire TV, and Sling TV there are no longer a need for these pricey conglomerates.

There are several things you may need after you give the boot to your cable box and hardware devices you currently use to watch cable. For example, you will need an antenna, a streaming device like a smart TV, streaming stick or laptop type device and of course a streaming service.

 

Very similar performance wise to the Mohu Leaf, the Flatwave antenna costs a mere ten dollars and is powerful enough to reach broadcast singles thirty miles away. Sense you are dropping your cable provider saving, even more money, (Leaf priced at $70) only makes sense, and the size is small and can be mounted just about anywhere with its fifteen foot coax cable.

 

If you have a new smart TV, you are set to go because most of them come standard with streaming services like Netflix and Hulu already installed. If not grab inexpensive streaming sticks like Roku Ultra or a 4K player like Fire TV and Chromecast Ultra. If you’re a gamer, the PS4 and Xbox one have these streaming apps integrated in them already.

There are the common streaming services such as Amazon Prime, Netflix, and Hulu to choose from but there are some others to consider today as well. If you desire a more authentic cable viewing experience then DirecTV Now, Sling TV and PlayStation Vue will deliver. However, these replacements for your cable will cost you far more than the more common streaming services.

 

If you have not cut the cable cord yet due to losing your sports and premium channels like ESPN and HBO, we’ll wait no more, these highly sought after networks are cutting out the middle man. Every major network for sports, MLB, NFL and NBA, all have streaming services available, and you can now get HBO Live, Starz and Showtime streaming as well for a much lower price tag.

 

Cut yourself loose from the behemoth cable monopolies and start streaming your way to leaving your hard earned cash in your wallet. Stop paying astronomical costs for watching TV and stream your way into the future.

 

 

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Robots That Teach Each Other

 

There is new breakthrough technology that is reshaping the robotic world in terms of robots that teach each other to grasp everyday objects and learn different environments.

They are using the cloud to upload data that the robots are learning so other robots can gain the same information. Researchers are calling it the “Robo-Internet” and they feel it will reshape the robotic world as we know it today.

Most robots are programmed to be able to do one job and allowing them the ability to learn from other robots will bring to them other skill sets to be able to perform in unstructured environments such as homes and health care facilities. The robots scan and rescan everyday objects such as hairbrushes and water bottles and learn how to pick up the objects and maneuver them around. They also learn the layouts and designs of new environments that help them maneuver through without hitting objects and people.

RoboEarth

The Robo-internet is a collective database of web apps that is used for robotic knowledge base where other robots in different locations can enter to gain knowledge from other robots. RoboEarth is one example of a cloud-based platform in which robots learn about different environments from other robots.

These scientists have created a cloud-based database where robots teach each other how to learn new skills and be able to perform new jobs without ever having done it before. One robot moves around a new environment scanning the entirety of the space and uploads it to RoboEarth where another robot can ping it at any time to learn what the first robot shared.

“Million Object Challenge”

The Million Object Challenge is based on Stefanie Tellex’s research out of Brown University where she is using her robot named Baxter to learn how to pick up everyday objects and teach other robots how to be useful in everyday life. For robots to learn it takes extreme repetition so pushing their learned behavior throughout other labs that have robots learning the same concepts saves time and money.

Tellex states that there are over three hundred different “Baxter’s” around the world in different labs and they are collectively learning together to be more useful in everyday life. They share coded information online through researcher driven mathematical data that is created using the robots infrared sensors on their bodies and cameras on their arms that scan different objects to learn how to grasp them and pick them up.

Robotics today is growing by leaps and bounds because of the ability that is gained through the use of the internet and the sharing of information that is gained through its use. Robots teach each other via uploaded information to the cloud where other robots can gain the same learned data without ever doing the actual task before. This gives a great boost to researchers who can share with each other what they have learned and collectively propel their robotic knowledge into the future.

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How Online Casinos are Changing the Gambling Industry

 

When it comes to the gambling industry, there’s no denying that things have been changing over the past decade or so. Online gambling – in particular online casinos – are becoming more and more popular all over the world and, as can be expected, this is having an effect on land-based casinos and the gambling industry as a whole. For those of us who are new to gambling and casinos, guides like Ladbrokes’ Clueless in the Casino can help us understand what we’re getting into. But with online casinos becoming more widely available, will we always need these kinds of guides?

Accessible

For years, casinos and gambling seemed to be a glamorous activity only for those of higher classes. However, over the years, land-based casinos have become more and more accessible for anyone. Online casinos are an example of this. Accessibility in the gambling industry had been on the rise, but online casinos make gambling more available to the masses than it has before. At the touch of a button, anyone can have access to any number of online games and live tables without needing to pay for expensive memberships at high end casinos or adhere to a dress code – you could play a game of blackjack in your pyjamas!

Attendance is up

Because of the accessibility that online casinos provide, attendance as a whole is on the rise, but not just online. While there are more and more people becoming involved in live tables and online slots, worldwide people have been attending land based casinos more often too. The advertisement for the gambling industry that online casinos offer can bring in people who might not otherwise have been interested in gambling. Improved acceptance for gambling as an industry and as a form of entertainment mean that more and more people are starting to get involved, whether that’s at an online casino, or in a land-based casino. With increased attendance comes increased revenue which in turn helps to expand and grow the industry. Gambling is becoming extremely profitable for those invested in it in one way or the other, and this can be put down at least partially to online casinos and their ease of access.

ECommerce

Ecommerce and cryptocurrencies in particular are adding a new level of security and mobility to gambling online. The use of online payment methods, whether in fiat currencies or online cryptocurrencies or even through the use of card and contactless payments in a land-based casino itself all make for more secure and convenient payments. There is no need to pay in cash and risk losses or robberies when carrying around the cash, and withdrawing your winnings from an online casino has never been easier. Each online casino has a wealth of online payment services, so you can choose which ones fit you and your preferences more than others. Ecommerce is a growing industry in itself, and the cross over with online casinos is only improving the gambling industry for those that are a part of it.

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The Future of the Mobile App

One of the fastest growing industries of recent times is undoubtedly the app industry. Whether it’s helping us communicate with greater ease, play online games with added convenience, or even shop for the latest products with increased choice, there have been few more impressive start-ups in recent years than in the app domain.

Certain Development Trends

However, despite some impressive independent releases, it’s become clear that there are certain developing trends that have sidelined the ability of new developers to increase their position in the rankings of various app stores.

In particular, it’s the growing role of television advertising that’s becoming critical to the success of a mobile app. A recent VAB study found that there is a 77% correlation between commercials and traffic for mobile apps, and as mainstream exposure is incredibly important for any fledgling developer, it’s become clear how important a large marketing budget has become for any new release.

What’s New In Gaming

The gaming world is one of the most lucrative mobile app areas, and already there’s been a string of high-profile releases like Mobile Strike that have used glossy television advertising campaigns and celebrities to ensure that their strategic action game is kept high in the app store rankings.Such moves go in the face of independent success stories like Angry Birds that momentarily gave many fledgling companies hope that they could achieve overnight success thanks to the instant global accessibility of their gaming app products.

Mobile Platforms

Another increasingly important factor is how apps integrate into different mobile platforms. For example, there is still an ongoing spat between Snapchat and Microsoft that has meant that this popular messaging app is unavailable for Windows Phone users.

Whereas other developers such as mrsmithcasino.co.uk have ensured that their mobile-friendly games of roulette, poker and slots are able to be played across a range of platforms and it’s this cross-platform appeal that’s becoming integral to any mobile app project.

But in the face of these impressive developments, there have been many who have stated that we could soon be entering the post-app era.Alongside reports that mobile app usage is down on a global level, there’s the fact that people commonly abandon their recently downloaded app after just one use that not only raises concerns that app development could be an unsustainable business model, but also that it’s becoming increasingly difficult for smaller developers to get a toehold in this increasingly competitive domain.

Businessman pressing colorful mobile app icons with bokeh background

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3 Ways Technology is Changing the Car Insurance Industry

 

Close up hand of woman holding smartphone and take photo of car accident

You’re probably familiar with the many ways technology is changing how you drive – whether it’s driver assist technology helping you make decisions behind the wheel, built-in cameras giving you a 360-degree view of the road, or energy-efficient advances helping you spend less on gas. But new technology isn’t just changing the way you drive, it’s also changing the way you’re insured. Read on to learn about three advances in technology that are revolutionizing the auto insurance industry.

Telematics devices

What if you could prove to your insurance company that you are a safe driver – and reduce your premium as a result? That’s exactly what insurers are offering with Usage-Based Insurance (UBI) plans. Under this type of plan, drivers install a telematics device in their car to record information about their habits behind the wheel. In return for their data, drivers qualify for a small discount to their premium upon signing up for a UBI plan, and a potentially larger discount when they renew – depending on their habits. If you’re hesitant to share this much information with your insurance company, read these news stories:

  • One insurer reports that 70 percent of drivers with this type of plan earn some kind of discount.
  • A study by the University of British Columbia showed that real-time driving feedback resulted in better habits for most participants.
Something to also be mindful of is that insurance companies are not allowed to use the information they collect to raise your premiums or deny you coverage – only  a discount.

Machine learning

Thanks to the internet, shopping for insurance is easier than ever. There are many sites online that will allow you to quickly compare multiple quotes from insurers so that you can find the best – and most affordable – plan. When it comes to servicing clients online, one company that is leveraging machine learning to raise the game is Kanetix Ltd.

Machine learning refers to a type of artificial intelligence in which computers are programmed to “learn” by themselves as they are exposed to more data and new experiences. In this case, Canadian firm Kanetix Ltd. partnered with Integrate.ai to offer customized buying experiences to their users. Leveraging their website’s deep pool of data, they were able to predict a customer’s likeliness to purchase insurance – and tailor the next steps of their buying experience based on the information. The result? A win-win scenario for Kanetix, which saw an increase in lead generation and marketing ROI, and their customers, who benefited from an improved online experience.

Autonomous vehicles

Experts have predicted that self-driving cars could save Canadians $65 billion a year in reduced fuel costs, fewer collisions and decreased congestion, making autonomous driving technology an exciting trend. Even self-driving cars, though, will require human co-drivers who are paying full attention, otherwise, they’ll still be susceptible to collisions – like in this case where a Tesla Model S that was in autopilot mode caused a fatal highway accident. So what does this mean for the auto insurance industry? Insurers will need to have policies in place to determine who is liable for an accident that involves an autonomous vehicle: the maker of the vehicle or the human driver. U.K. lawmakers have proposed a vehicle technology bill that suggests the manufacturer of a self-driving car could be liable in some instances, rather than the ‘driver.’ Under the bill, insurance companies would need to offer two types of insurance for autonomous cars: one to account for when the car is operating on its own, and one to provide coverage when the driver takes over.

 

For the most part, these trends are just emerging, so it’s impossible to say for certain what the car insurance industry will look like as technology advances. It’s safe to say,  that as we change the way we drive, there will be many new opportunities and challenges for insurers in the future.

 

 

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How the Automotive Industry is Changing in 2018

It’s an exciting time in the automotive industry. Just as technology has integrated thoroughly into our personal and business lives, so too is it changing the ways that we think about transport. The challenge now is for the car and trucking industries to adapt quickly and stay on top of the evolving trends and tech that are set to alter the dynamics of the way we commute to work and transport goods across national and international borders. Looking at the key technologies that are influencing the future of the automotive industry is key to understanding what changes to expect in 2018, and are the best way to keep yourself aware of the challenges that are yet to have a real impact.

Catching up to Sustainability

Elon Musk may have sent his old car into space, but that’s a little beyond the majority of most people’s budget. However, it may be time to trade in your older car for something that better reflects the modern thought and money-saving possibilities of what is now available. With options now available that include electric, hybrid, and low-emission vehicles, the cost of running that older model may seem excessive and unnecessary. To gather the funds for a low-emission car, you can get rid of your junk cars at Rusty’s Auto Salvage for cash. Then, use the cash to buy a more sustainable and eco-friendly vehicle.  When the average household is spending almost as much on transportation as they are on their housing, it’s obvious that finding ways to lessen that cost are becoming a priority for many families. With savings of up to a third on your petrol costs, electric cars are becoming a more important essential for those wishing to not only lessen their carbon footprint, but also save some significant cash amounts at the same time.

The Challenge of Self-Driving Vehicles

The car industry and automation have a long history. From the first production line by Henry Ford, car-makers have always sought to make the most of the technological ability to create faster and more efficient vehicles at a more rapid pace. With the advent of self-driving technology, this is set to become the next stage of evolution for every form of transport. That’s because automation is no longer restricted to the factories themselves, but to the whole notion of driving.

Automotive Corporation Leaders

As corporations like Ford, BMW, and General Motors all spend vast amounts of money on perfecting self-driving technology, this is going to change the way that we drive. While there are valid fears regarding the impact on employment, the truth is that self-driving vehicles will be able to save trillions of dollars in time, insurance, and accidents, and only the most short-sighted are not making preparations for the coming transport revolution.  As technology and environmental awareness continue to grow in influence, it’s time for every driver to consider their costs and make changes in order to maximize their potential for savings. As the automotive industry moves forward at lightning pace, the consumers are the ones who will be benefiting from the positive potentials that 2018 has to offer.

 

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Crypto Accounts: Managing Your Digital Currency

If you’re yet to look seriously at the rising trend of cryptocurrency, then it can be difficult to comprehend the vast amount of technical terminology that surrounds the revolutionary new currency. With the vast number of benefits that users of cryptocurrency are making use of already, it can be all too easy to make a conscious effort to ignore the notion of digital currency and assume that it is nothing more than a passing fad. However, as large businesses and traditional banks race to keep up with the unregulated arena of digital currency, now is the time to look seriously at the best ways that you too can take advantage of the global possibilities of cryptocurrency. Learning the best ways to manage your digital finances is key to getting the most from the digital revolution.

Digital threats

 As cases of online crimes play an increasing part in the newspaper headlines around the world, we are all a little more security conscious when it comes to our online data. This extends to how we use, store and trade our digital currencies. Due to the fact that it is a financial service, hackers and scammers are particularly interested in ways that they can gain access to your store of digital money. Newcomers to digital currency are especially vulnerable to hackers, with phishing attacks and social media hacks being two of the most common ways for criminals to gain access to your finances. As much as the decentralized nature of cryptocurrency is a major draw of the technology, it can also act as a negativism due to the lack of protection. While crypto trading is one of the safest ways to send and receive money from anywhere in the world, you need to be aware of the security as well, and maintain a high level of awareness in the same way that you protect your traditional banking details.

Making the best use of your wallet

 The majority of people that are making the most of cryptocurrency use digital wallets in order to keep their finances safe. There are a huge number of options available, but the key with all of them is to keep your passwords secure and to make certain that your forward-facing access points are protected. Often this is simply a case of having your active wallet up to date with a smaller amount of money in order to minimize any risk of a damaging loss. As personal hard drives, home computers and smartphones slowly take the place of traditional bank vaults, it is more important than ever that those using cryptocurrency are protecting themselves from criminals in every way that they can. Basic steps such as two-step verification and making use of a password management service can all minimize the risks and leave you to take advantage of the many benefits of a decentralized digital currency.   Learning about the differences between a hot wallet and cold wallet, as well as keeping up to date on the latest scams used by criminals, are the best ways to make your digital finances safer and more secure. This will allow you to manage your cryptocurrency in the safest way possible, allowing you to take full advantage of the benefits, with far less likelihood of becoming an easy target for thieves.

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Bitcoin Investment Worse Than Gambling Russian Minister Says

 

The Russian Opinion

Opinion is widely divided the world over on what to do with Bitcoin and its cohorts of cryptocurrencies. Just a few days when it was widely reported that the Russian government was intending some form of licensing and taxation on the cryptocurrency industry, the Russian Minister for the economy has come out with an attack on Bitcoin specifically.

The Minister in an interview expressed the view that Bitcoin investments is as unsafe they come, saying that its risks are greater than playing the roulette with your money at the casino.

Bitcoin The Extreme Volatility

Makshim Orekshin expressed the view that the extreme volatility of the cryptocoin makes it paramount that government must only allow its access to qualified investors who can read the risks involved. Mr. Orekshin at the World Youth and Students Festival in Sochi said that “Bitcoin as an asset is wildly unstable; one minute it goes tens of percents up then the next it goes tens of percents down. As an asset that is available to the layman it must not have such wild characteristics. Because you can earn big one minute and then lose everything you have the next minute”

“Those who are not familiar with the risks of such assets must not have access to it” He added further, “because in almost every instant the result will be disastrous for such people”

The Economic Minister’s comment hints that even within Russia, there is no consensus on what form of regulation the cryptocurrency industry should be placed under. Only a few days back, the Minister of Finance proposed a licensing exercise for bitcoin mines and exchanges, while the President Vladimir Putin has been reported in the past to be leaning towards creating a National Cryptocurrency controlled by the government which will be known as the CryptoRouble.

While governments continue to bicker with one another, Bitcoin and other cryptocurrencies continue their wild gains this year.      That’s a Fact Jack !

 

March 28, 2018 at 11:04pm
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March 28, 2018 at 9:32am
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