A total of nearly 4 bitcoins which is worth just around $9621 at today’s price was the reward that those behind the recent cyberattack affecting businesses around Europe have been successful ion extorting out of their victims. While Ukraine and Russia have been particularly affected, there were reports that emerged of of a ransomware virus affecting…
It is surprising how many world class businesses still use Microsoft’s Windows XP operating system, one that is totally outdated, in their core production facilities. The major cyberattack that left a wreck in its wake, including halting the operations of Cadbury’s chocolate plans in Australia, crippling the computers of port operator Maersk, is believed to…
While many pages have been written on the direct effect of cyberattacks, Lloyd’s report, prepared with inputs from KPMG and DAC Beachcroft, highlight the slowburn aspect of cyberattacks. On Wednesday, Lloyd’s of London has stated in a report that businesses in Europe have underestimated the “slow-burn” effects of cyberattacks. Business across the European Union need…
State-sponsored cyber attacks against each other aimed at stealing trade secrets or other confidential business information has been vowed not to be conducted in an agreement between China and Canada with both the countries having signed the bilateral agreement. The Globe and Mail reported on Monday that the deal was described as a step toward…
Aimed particularly at simplifying trade finance transactions for small- and medium-sized companies, a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, is being built by tech giant IBM. One of the top areas where blockchain – the underlying technology behind bitcoin – could have an impact was identified as trade finance…
The company is eyeing more tax incentives as it positions itself for deepening its market penetration in India. When Apple’s CEO Tim Cook met Indian Prime Minister, Narendra Modi, at a business summit in Washington he took the opportunity to highlighted the economic impact Apple has had on the Indian economy as he tries to…
Cupertino is increasingly relying on businesses to be its revenue generating engine. The company has tied up with IBM SAP to encourage developers to write business apps for its ecosystem. On Monday, Tim Cook, Apple Chief Executive disclosed that the company is working with Cisco Systems Inc to help businesses that primarily use gear from…
It turns out, in the age of self-driven cars, car rental companies do have a future, albeit with a change in their business model. The self-driving car unit of Alphabet Inc, Waymo, has disclosed that it has signed a multi-year agreement with the Avis Budget Group Inc, a car rental company, for managing its growing…
A wild card into one of the biggest and most complicated recalls in automotive history is to be thrown by the expected bankruptcy of troubled air-bag maker Takata Corp. and it isn’t just a crisis for its employees and suppliers. From Tesla Inc. to Toyota Motors Corp., tens of millions of defective air-bag inflators used by 19 car and truck…
Banking passport into Ireland was acquired by Starling Bank which relies on a mobile phone app instead to cut running costs and appeal to new customers and is a new U.K. challenger bank that doesn’t have branches. Taking advantage of the EU ‘passporting’ rights that allow companies to set up in other nations more easily…
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