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About Aisha Javed

Blogger & Online Community Manager at Xorlogics with an excellent familiarity with various Internet resources, expresses a keen desire to learn/excel on Web Marketing for the benefit of the organization.

E-commerce Project: How to Avoid Your Online Store Deployment Disaster

E-commerce Project How to Avoid Your Online Store Deployment Disaster

Internet and user-friendly technologies are facilitating commerce among companies. e-commerce is witnessing exponential growth by dramatically reducing costs, providing large access to the consumers and vendors, improving marketplace liquidity, and maintaining a whole new array of efficient and flexible transaction methods. All these benefits make e-commerce an indispensable part of the global retail framework.

 

The global online retail market surpassed 3.5 trillion U.S. dollars in 2019. Digital B2B sales also witnessed a huge growth in parallel with B2C eCommerce. Last year, the online sales that took place on B2B eCommerce sites, log-in portals, and marketplaces increased by 18.2% to $1.3 trillion from $1.1 trillion in 2018. It makes clear that the start of B2B e-commerce has not only been the lever for more sales success for companies since the beginning of the COVID-19 pandemic but rapid technological developments and internet access adoption are rapidly increasing around the globe, the number of digital buyers worldwide is climbing at an exponential rate.

In spite of the statistics and benefits listed here above, the decision for an e-commerce software is an important step in any B2B e-commerce project, even though it’s not the only aspect to achieve 100% online success. When it comes to business impact and adoption, e-commerce projects for manufacturers don’t always reach their full potential as many of them reach their limits during their B2B e-commerce project. With insufficient planning, a lot can go wrong before the webshop goes live. But that can also be avoided very easily!

 

B2B and B2C eCommerce are completely different channels as B2B transactions are more complex than B2C. It can take two months or two years from the first kick-off to the go-live of an e-commerce shop in the B2B environment. B2B channels are more diverse than retail websites and marketplaces that attract consumers. Of course, the scope and complexity of the business area and the choice of a platform play a major role in the duration of the project. But it is often home-made delays that exceed the time frame and unnecessarily strain your budget and nerves.

 

E-commerce is a highly competitive area. In order to be successful here, all areas of the company need to be around one table. The basic understanding of technology for webshops must be discussed and understood, it is of crucial importance to take the necessary time to align the new online experience with your own brand values, vision, and corporate personality. Acknowledging the consequences of different platforms and delivery models, business processes, and data storage functions in the webshop are vital. In many ways, it gives your customers more options than ever before, as the internet is a huge and confusing place. So, define the difference you’re making with your offering and cleverly create digital touchpoints that make your business stand out.

 
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It’s clear that the heart of e-commerce is business logic and data, which is why the existing ERP system plays a central role. The decision on which type of e-commerce application is going to be implemented is very important. ERP managers and partners must therefore be closely involved from the start. The same applies to specialist departments whose processes are affected by the e-commerce project, such as financial accounting, which experience has shown is often integrated far too late.

 

A realistic calculation of the workload and total investment/running costs are often neglected. It’s true that it might be difficult to attribute costs before deploying an online workshop. But a better preparation and appropriate documentation can give you an exact estimation, along with providing you with the choice between in house implementation or external service providers.

 

There should be open communication between your company, developers, and the management so that all processes are streamlined. Discuss all your expectations related to your webshop with your core team. Once they know the vision and results you are looking for, all the qualities of project management can be aligned. This step will definitely save you a project for any misunderstanding in the future, as often an e-commerce project fails because those involved are informed too late or are confronted with unrealistic guidelines. Thus, give your dedicated team the time to plan and tell you how they will deliver the results in the most effective and efficient way possible, by offering you good project management with appropriate documentation. Time is the money, so use it to understand the dedicated team members’ point of view on how they can achieve great online success.

 

Just having a beautiful fancy webshop isn’t enough, performance characteristics of the website must not be ignored. Before your website goes online, it’s highly recommended to carry out specific test scenarios with clear requirements, ideally from different departments and selected customers as testers. This helps to counteract undesirable developments at an early stage, to make necessary adjustments, and to avoid duplication of work. You must carry out all the typical tests such as Functional Testing, Usability Testing, Security Testing, Performance Testing, Database Testing, A/B testing, on regular basics in order to recognize errors on time.

 

In this pandemic, this is the right time to go online. B2B sales are defiantly a complex trade, thus your strategies must be well thought in order to ensure the smooth functioning of the B2B supply chain. These strategies are unique for each business and must improvise as per circumstances. The faster an e-commerce project succeeds, the better the team gets for further online development.

CyberCrime : 2020 Dark-Web Market Report

DARKWEB CYBERCRIME COVID19 CORONAVIRUS

For the third consecutive year, Armour’s security research team, Threat Resistance Unit (TRU), investigated secretive hacker markets and forums to explore the illegal goods and services that cybercriminals can offer or purchase there. This report is based on 15 markets and a large variety of underground hacker forums, news sites, and digital archives, so-called, open repositories, between October 2019 and June 2020. The goal of the TRU team is to understand the state of a such sustainably growing and remarkable innovative ecosystem of the dark-web in order to be able to better assess the current and future threat situation.

 

For the first time, the TRU team has also examined pharmaceuticals and other health products sold on these bootleg markets, especially those related to COVID -19. This health crisis has not only affected legitimate marketplaces but has unfortunately created dozens of fraud opportunities for cybercriminals to exploit thousands of people with a range of scams.

 

The results of the study are as frightening as in the reports of the past two years. Stolen bank and credit card data, PayPal accounts and cloned loans, ATM, or debit cards are among the standard offers on the marketplaces. Full identity packages and a variety of malware were still being offered, as well as – Remote Desktop Protocol (RDP) credentials. Last mentioned have even fallen in price this year, indicating that these credentials are currently in mass circulation. Seen the increase in the number of teleworkers, over the past six months, this is not surprising, as many companies were unprepared by the lockdown due to COVID and have not had the opportunity to implement appropriate security measures.

 

Security researchers also found a number of offers in the service sector that have been popular with cybercriminals for years. These include attacks using a distributed denial-of-service attack, aka, DDoS, in which the website of the attacked company, often their competitor, is paralyzed by the simultaneous access of thousands of hijacked end devices. The goal behind taking down a website using DDOS attacks is stealing corporate email credentials, providing ransomware-as-a-service (RaaS), or transferring thousands of dollars of cash into a bank account or PayPal account of one’s choice. The theft of individuals’ corporate e-mail access data, RaaS, botnets, and the simple theft of hacked bank accounts are also becoming increasingly popular.

 

In addition to these already known and often horrifying threats, which can easily be reserved or purchased via the Dark Web, the TRU team has also exposed several new products and services this year. These include the offer to completely destroy a competitor’s business. This is supposed to work by spamming emails and phone calls, sending unsolicited goods, and publishing the victim’s phone number in dodgy advertising campaigns and is available for the comparatively bargain price of $185. Another new feature is that cybercriminals can book a complete e-commerce service that provides them with everything they need to start a business, even on the dark web. A growing ecosystem of advertising opportunities, news sources, and rating systems for the services offered also seem to be establishing itself to provide buyers with the right information.

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This year, the TRU team was particularly concerned that they discovered a number of fullz business for sale, known in hacker jargon as “fullz”, which contain complete packages of individual identification information, as well as Personal Fullz where the data was filtered from financial loan applications. Business Fullz contains everything attackers need to act as legitimate representatives of a real business. Personal fullz from credit applications, on the other hand, contain enough personal information to commit identity theft. In addition to that, one of the most worrisome items the TRU team saw this year was the Hacker University. For just $125, paid in Bitcoin or Monero, the “professors” at this online university can provide all the knowledge newbies need to succeed as cybercriminals, from operational security to Wi-Fi hacking to network attacks.

 

Another interesting service that the TRU team has discovered in the cyber underground is a complete turnkey e-commerce service that enables the possibility for dark web sellers to set up their own e-business in an underground marketplace from which they can sell their illegal goods and services. This offer includes 4 different levels of digital marketplace services. You can opt for “standard”, “Business”, “Plus” and an “Ultimate” package. The Standard package comes at the price of 5000 euros and includes website hosting services, technical support, escrow plug-in, and payment gateways for Bitcoin, Litecoin, and Monero. Other packages are offered for 10.000€ and include all standard features plus light or advanced marketing support and promotions. Over 240 customers are benefiting from this e-commerce service.

 

Like previous years, the dark-web still provides you the possibility to rent expensive software for a specific project at a much lower rate than the officials’ vendors. For instance, you can easily obtain the 2019 version of Adobe Premiere Pro (a program for video editing) for $5.67, or a license for one user to Adobe Creative Suite Master Collection CS6 with 18 different popular Adobe products for a very attractive rate. Multiple other types of commercial popular software are listed for $250 per day and up to $1,000 for three months’ access.

 

Cybercriminals don’t only need software to do their business, they also need a reliable IT infrastructure to host their malware, botnets, spam, and phishing sites. They want their IT infrastructure to stay online 24/7. They can get a morally liberal service called “bulletproof hosting” for the way it can largely withstand scrutiny for a cost of $4 and $19 a month. Bulletproof hosting companies can be found in any country. However, many of them are located in China, Russia, Ukraine, and Belarus.

 

You can find the full “Dark Market Report” on this link.  The information is relevant for security experts and companies worldwide in order to acknowledge the trends in the dark web in order to adapt their security strategy accordingly. Knowledge is power and the more you know about your enemies, the better you can protect yourself.

Threat Intelligence: Combatting Cyber Crime with Artificial Intelligence

Threat Intelligence Combatting Cyber Crime with Artificial Intelligence

Since the past few years, Cyber ​​Attacks are becoming more and more complex and frequent. Hackers and cybercriminals, armed with sophisticated, effective, and faster malware, have literally stolen millions of billions of dollars from online corporate accounts and individuals around the world. The days in which a bank robber personally attacked a branch are (almost) gone, the big coups today take place behind the screen.

 

Even with the best prevention, it will never be possible to resist them all. In order to defend themselves and to minimize damage, organizations need to be able to identify incidents quickly and act appropriately. In the fight against cybercriminals, technology alone is not enough. AI disciplines such as machine learning supervised or unsupervised learning, real-time decision making and deep learning play a critical role.

Artificial intelligence is as important as efficient processes when it comes to cybersecurity. Intelligent algorithms help to identify threats better and faster. AI-based security systems have a lot of advantages to offer in terms of threat intelligence. The fact is: the faster you recognize a security incident, the better the damage can be limited. The damage costs are still affordable if they are discovered promptly.

 

In the past two years, almost every second Belgian company has suffered damage from cyber attacks. Prime Minister Sophie Wilmès said in parliament that according to Belgium’s Centre for Cyber Security (CCB), cyberattacks in Belgium nearly tripled in 2019. A peak increase from 2018. Another Research from the FBI IC 2019 Internet Crime Report indicates that more than $3.5 billion was reported lost as the result of global cybercrimes in 2019 alone. That’s a total of 467,351 incidents that were reported by businesses and individuals.

 
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In order to detect cyber attacks, the majority of companies evaluate log data and protocols. And only a few of them practice emergency management including regular exercises. That is exactly what would be important. Because in order to minimize damage, companies need a well-coordinated incident response team that can act quickly in an emergency. The security experts are facing evolving challenges on a daily basis, as the nature of attacks evolves, and adversaries operate in well-organized, highly skilled groups. On one hand, cyber-attacks are becoming more and more complex. At the same time, the number of cyberattacks is increasing continuously, which means that the attack surface is growing as digitalization progresses. With the help of artificial intelligence, large amounts of data can be analyzed in a short time, unknown files compared with threat intelligence platforms, and thus malware detection and conspicuous behavior patterns can be checked faster using existing rule catalogs. AI can find potential intruders in the system, much faster than the security experts. AI enables faster attack detection, response, and minimize possible damage while reducing the need for human cybersecurity experts. AI can learn from security analysts and improve its performance over time, leading to time savings and better decisions. Thus, AI technologies improve threat intelligence, prediction, and protection.

 

AI only works really powerfully if the algorithms used in machine learning systems and artificial intelligence (AI) can only be as good as the data used for their development. A correspondingly large and high-quality database is not only needed for the detection of anomalies, but it is also a prerequisite for the continuous development of the AI ​​systems. Equipped with a sufficiently large and high-quality database, AI contributes rule-based knowledge and analytical accuracy for threat intelligence services. Still, it doesn’t work without human intelligence. Poor data quality leads to poor AI, an inadequate detection rate, and ultimately poor security. High-quality data are essential for high-quality algorithms.

 

In addition to speeding up the response time, another advantage is the accuracy of the detection. Instead of getting tons of warning notifications, which often turn out to be false positives, companies can concentrate their resources on risk minimization and strategic measures. AI solutions can process information in nanoseconds and derive valuable suggestions from it, but not all information is really relevant. The systems, therefore, need input from the analysts to understand the context of a security incident.

 

How good an AI algorithm depends crucially on the experts who feed their “machine helpers” with the necessary information and create security guidelines that they can further refine based on possible incidents or the results of their own vulnerability searches. These threat detection capabilities are urgently needed as cyber attacks continue to grow in volume and sophistication. The combination of continuously learning algorithms and well-trained experts makes it possible to identify new threats almost in real-time and react to them. It’s also important to establish a culture of vigilance and carefully monitor suspicious activities on your own IT resources. Companies also need to understand that there is no such thing as one solution, but rather a set of tools and best practices that employees need to be reminded of. Thus, businesses across the globe should get attuned to this new operating model paradigm shift driven by AI and powered by analytics.

RPA: Automation in the Finance and Accounting Departments

RPA1 Automation in the Finance and Accounting Departments

 

For some years now, Robotic Process Automation (RPA) has been gaining popularity as a new digitization and automation technology in multiple industries across corporate functions. RPA simply refers to software robots that are able to automatically carry out entire business processes or individual process steps independently. The relatively quick and inexpensive implementation along with immediate value to the core business processes and efficiency gains are often the main reason for the increasing acceptance and spread of RPA in sectors such as healthcare and pharmaceuticals, financial services, accounting, outsourcing, retail, telecom, energy and utilities, real estate and many more.

 

Robotic Process Automation is able to carry multiple tasks of business processes including employee payroll, employee on-boarding and user termination, invoice processing, following receivable and payable accounts, inventory management, report creation, software installations, data migration and many more. The automation focus is on activities in processes that are rule-based, repetitive, stable over time and have high volumes. The finance and accounting sectors in particular, with their many repetitive and standardized tasks, are therefore ideally suited for RPA. The robot interacts with the systems or applications involved in the process and mimics the human user interaction in the process. However previous experience also shows that in order to achieve sustainable and successful implementation of RPA many allied technologies must work together at the background level, such as, artificial intelligence, machine learning, deep learning, data analytics, HR analytics, virtual reality and automation.

 

To fully leverage this promising technology, companies need to understand what it is, recognize its benefits, and then decide how and when is the best time to implement it. According to Gartner, 89% of overall general accounting operations and 72% of financial reporting tasks have a significant RPA potential. According to Grand View Research, the global robotic process automation market size was valued at $1.40 billion in 2019 and is expected to reach $11 billion by 2027, expanding at a CAGR of 34% from 2020 to 2027. Firms can achieve annual savings of up to 40 percent of the respective costs and reductions in process time of 40-70 percent thanks to the automation of repetitive tasks. The return of investment of implementing the new technology is highly attractive, often at just six months to a year. Overall potential economic impact of knowledge work automation is expected to be $5-7 trillion by 2025.

 

RPA: Automation in the Finance and Accounting Departments

Here below are a few of many processes that enterprise can automate within financial and accounting departments with RPA:

 

  • Admission of new suppliers, customers and employees: Although these processes affect the finance, accounting and sales departments, they are suitable for automation, as all three often process and review vast amounts of documents and have to negotiate lengthily with the other party. With RPA you can develop a fully automated onboarding process, even with automatic status communication and full integration of the information into your internal systems.

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  • Maintenance of supplier, customer and employee data: These parties need frequent updates – this could be an employee submitting a change of address form, or a supplier or customer needing to sign the annual contract renewal. RPA is great for automating processes triggered by any event (an annual deadline), a date (all partner contracts are limited to August 1st), or a process or task (an employee’s address change). RPA ensures that the data in all systems is correctly updated in real time. Thus, the staff can focus on higher-value work.

 

  • Invoice Processing: Companies of all sizes and industries deal with sending and receiving invoices, and it is a critical and time-consuming operation for most finance departments. RPA can be setup to automatically process invoices storing or sending in multiple formats such as paper copy, Email, fax, PDF, MS Word Doc, etc. Robots can automate the data input, error reconciliation, and even process certain decision-making required throughout the invoice processing, which minimizes errors and the need for human intervention.

 

  • Data management and extraction for accounting close: Collecting and analysing financial and operational data to level up business performance is a critical function, but delivering that information on time for decision making is often very challenging. A robot can be setup to do this job and not only free employees to manually gather all the data, but also benefit executives who need information to gain insight into the business. In addition to simply gathering data, a robot can also gather and consolidate transactions that each department records per hour/per day and reconcile them in your ERP.

 

  • Building reports with aggregate data: This process is particularly time-consuming for the finance and accounting department, especially at the end of the month, quarter, or year when everyone on the board is desperate to bring information together. RPA can automate the collection and aggregation of the data in a fraction of the time, freeing up the workload of your employees and giving them more capacity to gain insights from the information.

 

  • Financial planning, analysis and reporting: RPA can be setup not only for data aggregation for reports but also to prepare repots of trial balance, balance sheet, profit and loss statements sheet, cashflow reports, variance analysis and management reports along with statutory/regulatory reports.

 

  • Treasury operations: RPA improves cash reconciliation, forecasting and reporting as well as the processes of foreign engagement, thereby improving cash flow, eliminating errors, reducing costs and streamlining the accounts payable and receivable functions by automating invoicing and reconciliation tasks.

 

Sources:

5XX HTTP Error Codes: Where does the problem come from?

http-500-error

HTTP error status codes with the prefix “5” – also e.g. “500” or “502” – are server-side error codes that indicates if an internet request is successful or failed. This means there isn’t much you can do on the client side to fix the error. However, these error messages are not always clear. Specially for the “500 Internal Server Error” error message. This error message indicates that an error has occurred while connecting to the server and, therefore, the requested page could not be loaded and the server-side problem needs to be resolved before subsequent requests can succeed. Fortunately, there are different methods to find the origin of such a problem.

500 Internal server error can be caused and appear in different ways depending on different web servers, operating systems, and browsers you work with. But they all communicate the same thing. Below are just a few of the many variations that you can see on the web:

 

  • 500 Internal Server Error or simply Internal Server Error
  • HTTP 500 or HTTP 500 – Internal Server Error
  • 500 Error or HTTP Error 500
  • 500 Internal Server Error. Sorry something went wrong
  • The website cannot display the page – HTTP 500
  • Is currently unable to handle this request. HTTP ERROR 500.
  • Error 503 -service unavailable
  • Error 504 gateway timeout

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Viewing the above-mentioned server errors are not just annoying, but they can have a direct impact on sales and revenue if it’s an e-commerce website. All of these cannot be traced back to a poor connection and are caused by the remote IT infrastructure. They indicate that the server is unable to answer a particular request because it lacks information or is having problems processing it. Unfortunately, most messages are not very informative at first – they give an indication of the cause without specifying the reason or steps for a solution. Thus, a solution is difficult for the person concerned to find without preparation and under time pressure. In many cases, however, the error can either be rectified by quick and simple countermeasures or at least temporarily avoided until a comprehensive analysis of the cause has been completed. In the best-case scenario, server monitoring detects the potential danger before visitors are affected by the partial server failure.

 

In order to categorizee and to facilitate the search for a solution, the server errors are arranged in different sub-areas and often their first digit provides information about their cause. The 5 in error 500, error 502, error 503 or error 504 indicates an origin that is related to the configuration or the internal communication between individual services. It usually indicates that technical problems have occurred that prevent the server from working properly. The necessary countermeasures and the solution to this malfunction including a data backup are the responsibility of the operator and require the extended rights that only the web host has. With a few exceptions, they are not related to a visitor’s device.

 

The inaccurate information of a status message such as error 500 should in principle not be judged negatively, since every statement about a possible problem could reveal possible weak points in security. As a web host or administrator, there is also the option of viewing the corresponding logs in order to derive the origin and solution. These give exact details about the error 500 and its origin as well as necessary steps to solve the problem.

 

Because it is unspecific, it is not an easy task to find a solution to error 500 in a short period of time. In some cases, it simply refers to a temporary failure of a certain service or this responds with incomplete data, for example due to a simultaneous update. Before an intensive analysis of the situation or a radical solution such as a change in the IT infrastructure, an in-depth and repeated operational test should be carried out, in which the specified error 500 proves to be completely reproducible. Depending on the situation, the following steps are recommended as a solution:

 

  • Informe the web host
  • Restart individual services such as web, database or file servers
  • Reboot the full server
  • Analysis of the log files
  • Look for external or internal reasons for spontaneous failure
  • Checking of relevant and possible to improbable conditions during operation

In order to be able to analyse error 500 and to gain the time necessary for a solution, it makes sense in some cases to temporarily redirect the website to another server. In this way, a permanent solution can be set up and tested in a secure environment without affecting the ongoing operation and accessibility of a website.

 

Sources:

2020 Digital Transformation: Why does it matter?

2020 Digital Transformation Why does it matter

The digital transformation that has been a focus for companies for several years, is no longer viewed as a cost factor, but rather as business-critical expenses that increase efficiency, reduce operating costs and enable rapid growth. Business’ continuity, competitiveness and company growth depends on digitalization. Every company leader knows that to succeed, they must align with digital innovation in order to be at the core of their business. Digital technology does not only help companies to gain advantages and stay ahead of their competition by improving customer experience, optimizing operations but it’s also transforming the society we live in.

 

According to the IMD and Cisco Digital Vortex report, 88% of executives believe that digital disruption will have a major or transformative impact on their business / industries, compared with only 27% in 2015. But according a to survey four out of five digital transformation initiatives fail to reach their desired goal. As a result, it represents a lot of waisted time, money and efforts behind the evolution of organizations.

 

You might think the results are so terrible because the technology fails to deliver or the implementation efforts were low. Actually, the basis for future-proof digitization is initially a common understanding of the term. According to the Telecom report, 71% of Digital Champions believe digitization is about a reinvention of the business while 55% of all companies still believe it only consist the updates of websites and portals.

 

Digitization can mean a reinvention of the business model, but at the same time it can only mean digitizing a single process within the company. Digitization initially always requires tangible work for the existing running workflow, because a digital company also has to build on existing systems. Digital transformation projects bring the old, partly technically outdated existing systems, and new digital technologies together.

 

A successful digital transformation project must contain at least these four dimensions:

  • The adaptation of vertical and horizontal value chains. This includes the simplification of processes from planning through logistics, production or trade to sales and service.
  • The internal support functions, i.e. all the running support systems in a company, should be included.
  • The digitization of the workplace.
  • The digitization of the customer journey, i.e. the way in which a company interacts with the customer.

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According to the report “STATE OF DIGITAL TRANSFORMATION WORLDWIDE: 2020” based on 9,000+ responses from leaders worldwide across these 18 industries conducted by Telecom, an overwhelming majority of 67% say digitalization is driven by customer priorities, following by 64% that says new disruptive technologies drive transformation and 43% cite new market opportunities as a primary driver.

 

Another report from Flexera, 2020 Digital transformation planning report” shows that 54% of organizations indicate that digital transformation is a top priority, following by cybersecurity, cloud-first/cloud migration and improving the customer experience. They also realise that digital transformation isn’t possible without an investment in the cloud, because it’s an enabler for the digital journey. To successfully navigate the journey to digital, organizations must link cloud, cybersecurity and customer experience together with their transformation efforts. Unless they harmonize all these areas, they risk having to reboot part, or multiple parts, of their digital strategies.

 

More and more organizations are using digital technologies such as analytics, cloud solutions and smart things (IOT) as the new foundation for transforming their business. They must involve a competent team to follow every key stage and activities in the automation phase, with the ambition to optimize or transform their business for a long-term growth and profitability.

 

Sources:

 

·         State of Digital Transformation Worldwide 2020

COVID19: Home-Office Exposed to Insider Threats

INSIDER THREAT HOME OFFICE COVID 19

 

The world has gone through immense changes in the recent decades. Since the dawn of time, humans have developed tools and technology to achieve their goals. We’ve witnessed large shifts in technology and social structures. Today, technological advances are rapidly making it possible to automate as much as possible of the work currently carried out by humans through robotics, internet of things, machine learning and artificial intelligence. These RPA robots are capable to mimic human user actions. They log into applications, move files and folders, copy and paste data, fill in forms, extract structures and semi-structures data from documents and many more. Companies also have an immense capability to store, process and transmit data, to an extent that traditional paper documents are being replaced by or converted to digital media.

 

With the rise of technology, data breaches and security incidents are coming from all over the digital sphere and are increasingly costly. These cybersecurity threats are impacting companies and organizations on a daily basics. According to a new report from IBM and the Ponemon Institute, the average cost of a data breach in 2020 is $3.86 million. As organizations are busy in defending themselves against external threats, they need to remember that insider threats can also be harmful. Because whether Intentional or not, employees take certain actions that carry a significant impact on an organization’s trustworthiness, data loss, reputation, reliability, safety, and credibility. A situation which isn’t ignorable as now, due to COVID19, more and more people work from home using their own devices to access company resources.

 

In their recent “2020 Insider Threat report” Bitglass, the cloud security provider, has underlined that 61% of those surveyed were exposed to an insider attack in the last 12 months, 22% reported an insider attack in at least past six months. For 49% of respondents, it takes at least one week before they detect an insider attack, and for 44% of them another week or more can go by before they recover from such an attack.

 

Additionally, the year 2020 has brought unexpected changes to the global economy and the world of work. One of the challenges businesses face today is protecting their assets in a virtual environment which are vulnerable to attacks both from inside and out. Organizations are undergoing fundamental changes, including the rapid move to the cloud and widespread adoption of teleworking due to the COVID19 pandemic situation. Teleworking has certainly proven itself an important aspect of ensuring business continuity, but poses a huge challenge on how to prevent cybersecurity threats while workers are working from home, as well as how employers can comply with data protection and privacy regulations, such as the EU General Data Protection Regulation.

 

Home office combined with protecting against insider threats poses greater challenges. 82% of organizations cannot guarantee that they will be able to detect insider threats deriving from employees’ personal, unmanaged, unprotected devices, versus 50% from the cloud, while 81% find it difficult to assess the impact of insider threats. Even before the pandemic, companies had to cope with limited security budgets. And now due to covid circumstance, security teams are obliged to do even more with less. 73% of companies haven’t planned any increase in their security budgets for the coming year instead they are planning a reduction inti.

 

“Companies report that the loss of critical data and business interruption are the worst effects of an insider attack,” said Anurag Kahol, CTO of Bitglass. Organizations need a versatile security platform that enables real time monitoring of user behaviour, protection of personal devices, ensure maximum uptime, achieve cost savings, and prevent data loss associated with interactions. Thus, leaders in all industries must equip their organizations with automated, real-time protection measures to effectively respond to these emerging insider threats.

 

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Cloud Management Platform: How to Effectively Manage your Cloud Deployment

Cloud Management Platform How to Effectively Manage your Cloud Deployment

 

 

The world of enterprise IT is changing at speeds never seen before. The phenomenon of digitization in the business world, is driving the need to dramatically speed up application delivery. In most of the companies today, nothing works without the cloud. The question is no longer whether, but rather in what form and combination the cloud is used. When a company decides to adopt a cloud service and build cloud infrastructures, the desire for better efficiency, scalability, greater flexibility, business continuity and costs reduction is often their top priority. In order to achieve these goals and be prepared for the future, a flexible mix of legacy, on-premise and cloud solutions is recommended.

 

The multi-cloud approach is already widespread. Worldwide cloud spend is rising as organizations adopt multi-cloud strategies and put more workloads and data in the cloud. According to the latest update to the International Data Corporation (IDC) Worldwide Semiannual Public Cloud Services Spending Guide, worldwide spending on cloud services and infrastructure will grow from $229 billion in 2019 to nearly $500 billion in 2023.

 

In order to better manage the multi-cloud IT infrastructure of companies it’s essential to have a CMP. A cloud management platform helps company to monitor and control their cloud computing resources as the cloud management strategy is one that finances businesses. Industry analyst Forrester defines a hybrid cloud management solution as: “A cloud‐agnostic standalone software solution that automates cloud application and infrastructure service delivery, operations and governance across multiple cloud platforms”. These Cloud management platforms save companies from the complexity trap by giving them a holistic view and control over their increasingly complex ICT infrastructure.

 

The multi-cloud approach is becoming increasingly popular. The main reason for this development is the greater flexibility that the multi-cloud offers. It gives companies the opportunity to choose the optimal solution in each case. Because there is no such thing as a cloud solution that is suitable for all of a company’s requirements. In the multi-cloud, several cloud services can be combined in a common cloud. Several public cloud solutions as well as a private cloud with public cloud models can be combined. Nevertheless, the combination of several cloud services and platforms appears to the user like a single large cloud.

 

Multi-cloud architectures are more complex and, therefore, more challenging to manage but most organizations aren’t taking advantage of these multi-cloud management tools. Multi-cloud tooling is essential to managing cloud resources cost-effectively and ensuring strong governance and security. A cloud management platform offers IT administrator, infrastructure managers or CTOs a global view and control over their entire IT infrastructure. This enables the IT team to monitor cloud-based services, plan capacity, and deliver workloads that meet all availability and performance requirements. According to the Flexera 2020 State of the Cloud Report 93% percent of enterprises have a multi-cloud strategy versus 87 percent that have a hybrid cloud strategy. Many organizations silo applications within a given public or private cloud, with 41 percent integrating data between clouds and unfortunately only 33 percent of all participating organizations use multi-cloud management tools.

 

In the cloud era, IT faces ever changing and often conflicting priorities. In order to meet today’s conflicting IT priorities, to get ready for what lies ahead and to gain compelling business and IT benefits IT teams needs a cloud management platform so they can quickly adopt new technology, while minimizing technical debt. With the integration of a CMP IT teams can be more strategic and focus on business objectives, while maintaining operational excellence.

 

The flexibility of IT is essential for companies that digitize their business models and processes. Because IT is expected to shape change in an agile, flexible and cost-efficient manner. This includes being able to react quickly to changes, being able to flexibly scale services as required, support innovations, optimize company processes and ensure that the requirements in the areas of security, compliance and data protection are met. However, the path to the multi-cloud must be accompanied by a rethink in the planning of IT budgets. Otherwise the advantages of the multi-cloud cannot be fully exploited.

 

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How Corona is driving Digital Transformation

How Corona is driving Digital Transformation

Covid-19 has turned many industries upside down. The past few months have shown how quickly change can occur when the need is great enough. The sudden global recession left businesses with a traumatic impact by disastrously troubling some industries and challenging the determination of others. In the Corona crisis, many companies are realizing that digitized processes do not only contribute to increase efficiency but is the key to survival. The speed with which companies have adapted to the pandemic measures and restrictions against the spread of coronavirus was largely impressive.

 

Even if the COVID-19 outbreak gets limited, things are unlikely to return to normal. Instead, companies are experiencing a forced acceleration in digitization. From storing documents, online-backups, workflow and document management to remote working, the possibilities are endless. The digitized work process is faster, more efficient and safer than offline options. The process of automation saves companies a lot of time and money. These changes are shaping the future of companies / industries for the long term. For instance, the increased use of teleworking and home office is the most obvious change triggered by the coronavirus outbreak and is becoming more normal today than it was a decade ago.

 

The Corona crisis showed that many companies are technologically pretty much up to the date, however it also reveals that there is still a big part of the homework to be done in terms of digitization. As hundreds of thousands of employees went through a dramatic shift from an in-office workforce to a remote workforce within a few days’ coordination processes had to be redefined and scalable application infrastructures were made available. Because while the purely technological transformation was already on the way in most companies, the forced switch to home office above all created a change in corporate culture. Without a doubt, the task of bringing existing systems up to date and integrating as many processes as possible into the digital infrastructure is a challenging responsibility.

 

Many businesses are accelerating their transition online to streamline the management and day to day running of operations. This shift is being powered not only by new technologies that allows companies of all shapes and sizes to be more strategic and efficient but also by covid19. This trend is set to continue as more businesses understand the benefits of digitalisation and preparing themselves to adapt to digital and contactless mechanisms for their business transactions. The companies which are adapting to this methodology are more likely to succeed in the new digital era of post-COVID-19.

 

The worldwide public cloud services market increased as the cloud helped companies cope with the corona challenge. Many companies were able to change their plans quickly because cloud technology enables direct communication from anywhere. Vice president at Gartner Sid Nag confirmed that the cloud responded to increased demand and catered to customers’ preference of elastic, pay-as-you-go consumption models.” The digital transformation saved jobs, slowed the spread of the virus, and allowed companies to maintain a level of normality in a chaotic pandemic situation.

 

As a conclusion we can say that in order to stay relevant, companies and industries need to know exactly where the business technology is headed and they need to be sure to stay on top of each shifting digital trend. Those who will embrace these technical advancements into their business structure will thrive, those who won’t risk being left behind the digital revolution. Executives must understand that with the right technology, culture, and expectations, home workers can be just as productive and effective.

 

 

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How to Ensure Security in Industrial IoT

Industry 4.0 and Smart Manufacturing capabilities

The Industrial Internet of Things (IIoT) is revolutionizing manufacturing, driving efficiency, safety, and intelligence on the factory floor and across the supply chain. The market of industrial IOT is expected to reach a value of $922.62 billion by 2025, becoming one of the biggest catalysts for new emerging technologies. But as the opportunities within this market rises, it’s no secret that there are more ways to invade an organization. security risk and cyber threats are increasing on a scale we’ve never witnessed before.

 

In addition to that, as 5G networks is getting its fame, the use of connected IoT devices is accelerating dramatically, resulting in increase networks’ vulnerability to large-scale cyber attacks. IoT devices and their connections to networks and clouds, are a weak link in security.

Despite the challenges, companies have no choice but to embrace industrial IoT. Smart devices are slowly but surely conquering the world of industrial production, as these systems are improving service delivery and increasing productivity across a broad range of industries from manufacturing to health care. However, IIoT infrastructure should be protected by a comprehensive set of security solutions in order to maintain operations, service reliability and profitability. Companies need to setup a more holistic approach to IoT security, combining traditional and new controls to protect these ever-growing networks across all industry and business sectors.

 

First step to ensure security in Smart Manufacturing is to secure IOT, it enables the protection to each connected assets of company. IoT cybersecurity is interrelated with many security regulations, such as IT security, OT security and physical security, making this area wider. This can be challenging in an industrial environment, because most of these systems are designed without network security, so vulnerabilities are more common in these types of hardware. As Smart Manufacturing companies shift their closed closed cyber-physical system to a connected cyber system, they must be aware how to handle the issue of the typical vulnerabilities in those systems.

 

Second thing to keep in mind is as manufacturing processes are connected, interacting and collaborating with connected objects and environments on a bigger, sometimes even on a global scale, security experts need to address security challenges related to higher connectivity. They need to consider each process involved in smart production. A good management of each complex processes involved in Smart Manufacturing certainly brings a huge challenge for Industry 4.0 companies, but a higher priority must be given to cybersecurity.  In order to address this issue, legacy systems must be replaced by new systems to be able to avoid any attack and unknown vulnerabilities that have been present and inactive for years in legacy systems. In addition to that, when a new connected device is added to smart production line, it becomes difficult for attackers to find new way to compromise systems.

 
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Smart factories deploying IOT systems must ensure that new devices and associated applications support up to date, globally accepted security and encryption protocols. Data both at rest and in transit must be protected withindustry accepted practices with security and encryption features in mind.

Security professional must also enable regularly update the IOT applications with security patches that the system protection is up to date. These updates must be well scheduled and performed during downtime to avoid any disruption in production.

 

Last but not the least step is concerning the education of your employees. Incorporating new technologies and connected systems at workplace means that factory employees have to work with new types of systems, connected devices, networks and data. IoT devices in smart industries provides the opportunity for manufacturers to monitor and gather data and use that information to more closely manage the operations and resources of a facility. If employees aren’t educated in a proper way to safely use and maintain high-tech equipment, risks are high to become an easy target for attackers. Thus you must educate your employees on the risks associated with gathering, handling and analysing the valuable data.

 

Sources:

 

·       Industrial Internet of Things (IIoT) Market Size & Forecast Report, 2014 – 2025

·       Good Practices for Security of Internet of Things in the context of Smart Manufacturing

·        The Keys to Securing Industrial IoT (IIoT) Environments

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