Following today's report from the Office of National Statistics (ONS) that almost six million cases of fraud and cyber crime were committed last year in England and Wales, various industry professionals have offered their thoughts.David Emm, Principal Security Researcher at Kaspersky Lab:“As with markets generally, investment tends to flow into areas where it will be most productive, and crime is no different. With so much financial activity moving online, criminals have capitalised on this by moving their activity into the cyber world.“The lines are sometimes blurred – some scams include both online and real-world activity, such as scam telephone calls to trick the caller into giving criminals remote access to their computer. Therefore, we all need to be aware of the cyber-security threats being carried out around us, with more attempts than ever to steal money, personal information or to extort money by holding our data captive. It is vital that people use a … [Read more...] about ONS cyber crime stats: Industry reaction and analysis
Applied behaviour analysis
Ever since the global economic crisis of 2008, the financial services industry has become entangled in an ever-increasing web of regulation. Few would argue that increased control is unnecessary, following a crash that cost the global economy somewhere between $60trn and $200trn. But the drain on businesses is immense.The number of rule changes that global financial institutions must track on a daily basis has trebled since 2011, to an average of almost 200 per day*. Meanwhile, banks like HSBC have quadrupled their compliance head count to around 7,000 people in less than 10 years, at a cost of around $1bn globally. You get the feeling that there has to be a better way.No surprise then that the software industry has stepped in, seeing the smorgasbord of regulation as an opportunity to carve out a whole new category of technology solution: RegTech. According to the FCA, RegTech applies to “new technologies developed to help overcome regulatory challenges in financial … [Read more...] about RegTech: the saviour of financial services?
A poster of Lord Alan Sugar just appeared on the wall of a CIO I know. As it does every year, in fact.Lord Sugar is the central figure in the UK's version of TV show "The Apprentice.” Of course, had my CIO friend worked in the U.S., then it may have been a poster of Donald Trump on that wall. In Ireland, it might have been Bill Cullen, in Brazil Roberto Justus…but the slogan on the poster would have been the same ... "You're fired!" (OK, Roberto's would read 'Você está demitido!' but you get the picture).Lord Sugar, like his global counterparts, is a very successful, (some would say) inspirational businessman but that is not the reason for the poster per se, nor is it that Lord Sugar's fortune was largely amassed in the tech industry which would be an obvious connection between him and my CIO friend, Max. It's the words on the poster that inspires him every January."You're fired." Here's why.The turn of each new year is a time when Max, fires…himself. … [Read more...] about ‘You’re fired!’ – one CIO’s strategy for greater effectiveness
By Pete Cashmore2005-09-06 11:35:55 UTC The Social Software Weblog points to an inspired new business idea - Ojos (not yet in beta) will auto-tag your digital photos using face and text recognition: "I post only a subset of the digital photos I take to Flickr...The rest of the shots… well, they lie in ignominious anonymity in the unchartered areas of my “Photos” folder. If Ojos could take them, have its way with them, and spit back a useful data set — that’s going to be absolutely golden." What really grabbed me about this post was the phrase "auto tag". For months, I've been fascinated by the idea of the participatory panopticon - a vision of the future where we record our every move, every minute of the day. We've already seen a prescursor to this world in the abundance of camera phone snaps. This has even led to a trend called "sousveillance", where citizens take shots of abhorrent behaviour and post them online for all to see. The first major … [Read more...] about Auto Tagging, Ojos and the Rise of the Participatory Panopticon
Best Apple Watch apps for 2018 The Apple Watch is onto its third generation now, and the aptly-named Apple Watch 3 is proving pretty popular - so that's why you're probably here checking out the new apps.In fact, it's one of the best smartwatch options out there, and now we're at the third generation it's becoming a particularly accomplished smart option for your wrist.The number one question we hear from new Apple Watch owners is, "what apps should I download first?" To make answering that query easier, we devised a thorough list of the best Apple Watch apps. With the right choices, your new digital timepiece will become so much more.Before you get into that though, remember to head into the Apple Watch main app on your iPhone - that's where you'll see a list of the apps already installed on your phone that can also be transferred to your Watch. If you see any you like the look of here, you'll need to download them to your iPhone first.Make sure you tag the apps you want on your … [Read more...] about Best Apple Watch apps for your smartwatch in 2018