Pay Now, or Pay More Later – The real dilemma of IT security talent shortages

Large businesses that struggle to attract sufficiently skilled IT security experts end up paying up to three times more to recover from a cyber-attack. This is one of the key findings of the recent report by Kaspersky Lab based on the 2016 Corporate IT Security Risks survey conducted by the company. Beyond a measurable budget impact, a significant share of businesses is observing a growth in wages, a general shortage in expert availability, and a need for more specialists in the field.

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5 Cyber-Security Myths We Need To Ditch

Pick a subject, any subject, and there are myths and pure nonsense that someone will buy into. Birds will die if they eat the uncooked rice flung at newlyweds. (Nope) If you eat Mentos and drink Diet Coke simultaneously your stomach will explode. (Hardly) You only have one credit score. (Wrong) Napoleon was short. (At 5’ 6”, his height was average in his day). “President Obama was the founder of ISIS.” (Oh, come on Donald!) Cyber-security has its own set of misconceptions as well. Here are five.

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Temporary Tattoos That Control Your Phone

This tattoo is temporary, but it’s permanently changed people’s impressions of wearable tech. Meet DuoSkin, an innovation from MIT’s Media Lab and Microsoft Research. The metallic tattoos, inspired by trendy body art, let wearers use their skin as an interface for smartphones and computers. The product isn’t yet available to buy. At this stage, it’s the subject of a paper that will be presented at an upcoming wearables conference. That hasn’t stopped tech and fashion reporters alike from issuing an effusive “Sign me up.”

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Machine learning: The new way to combat expenses fraud?

Expense reimbursement fraud makes up about 15 percent of business fraud with a median annual loss of $26,000, according to a study by the Association of Certified Fraud Examiners. And, according to this study, it takes about 24 months before expense reporting fraud is detected. Consider the following expenses claims: registration fees for a cancelled seminar, two separate claims for mileage when the employees travelled together, and a sandwich-and-coffee dinner claimed as the full per diem. While it’s easy to believe that a few dishonest claims won’t hurt, for individual victims, expenses fraud can be costly. Imagine if 20 per cent of your staff added 10 per cent to each mileage claim; the cumulative loss for the company would quickly become significant. Existing fraud detection systems flag dubious-looking expenses according to a set of rules, such as challenging claims in excess of a […]

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‘Fake CEO’ fraud on the rise as the size of wire transfers increases

People and businesses expect access to their money and payments when and wherever they want, and as a consequence the number of programmers and apps to transfer funds electronically has grown hugely in recent years. New technology offers vendors, clients and partners a convenient and quick way to send and receive payments. In tandem with this growth however, criminals are more aware of the high potential transaction value of transferring funds electronically and are turning to subversive means, such as impersonating executives, to steal huge amounts of money from corporations.

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Drones deliver blood to remote hospitals

Around the world, more than 2-billion people lack adequate access to essential medical products, often due to challenging terrain and gaps in infrastructure – and, because of this, about 2,9-million children under age five die every year. Meanwhile, up to 150 000 pregnancy-related deaths could be avoided each year if mothers had reliable access to safe blood. A Silicon Valley start-up is addressing the problem using drones to deliver medical supplies, and is starting off by dropping needed blood in Rwanda. Typically, the rural Rwandan outposts served by Zipline are only reached a few times per year for resupply due largely to weather-ravaged road conditions, says Rinaudo. Zipline plans to have up to 150 flights per day, each one paid for by the Rwandan government.

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