Category: Business

Experian claims fraud costs UK £190 billion per year

Credit service agency Experian has reported that the UK loses over £190 billion per year to fraud. That staggering number comes from its Annual Fraud Indicator 2017 report. £190 billion is equivalent to £10,000 per family. It is more than 9% of the UK’s projected GDP for 2017 ($2,496 (£2,080) billion according to Statistics Times).…

e-Residents exceed Estonia birthrate

Statistics released by the Republic of Estonia show the number of e-Resident applications now exceeds the yearly number of births in the country. According to official data, the total number of 2017 births to November was 10,269. By comparison there were 11,096 e-Residency applications for the same period. Kaspar Korjus, Programme Lead, e-Residency said: “With over…

Email still a nightmare for IT security

We’ve probably all done it, sent an email to the wrong person. It might have been by mistake, due to not checking before hitting send, or on purpose. Data privacy and risk management company Egress Software Technologies asked a bunch of people about email. The results, data from which were shared with ET, are interesting.…

Black Duck acquisition to strengthen Synopsys

Software security vendor Synopsys has acquired fellow security vendor Black Duck Software for $565 million. The deal marks an end to 15 years of growth for Black Duck and is a good price for both companies. Although the deal is subject to regulatory approval, both companies are anticipating no issues. If all goes well it…

Francisco Partners acquires Comodo CA business

Comodo Group has announced that the Comodo Certificate Authority (Comodo CA) business has been acquired by Francisco Partners. The news came on the same day that DigiCert announced the completion of its acquisition of Symantec’s CA assets. Both deals happening on the same day caused some surprise around the security markets. The Symantec deal was…

Bitcoin futures on the CME

CME Group, one of the world’s most diverse derivatives marketplaces, has announced it intends to launch bitcoin futures in the fourth quarter of 2017. This is ‘pending all relevant regulatory review periods’ which means not all is assured. Bitcoin values hit US$6400 per bitcoin in intraday trading on October 31st, after this announcement. Terry Duffy,…

Booking.com to mentor Women in Tech

Booking.com has announced an exclusive partnership with Web Summit. It is to support their Women in Tech track. As part of this the two organisations are to launch a Women In Tech Mentor Programme. They claim it is the first mentoring programme for Women in Tech. Gillian Tans, CEO of Booking.com said: “Diversity of all…

Bullhorn changes hands

Bullhorn has announced that it will soon have new investors. Insight Venture Partners will acquire the shares owned by Vista Equity Partners. The announcement does not come as a total surprise. It was known last month that Vista Equity Partners were looking to sell the cloud computing company after five years of ownership. It may seem…

Unforeseen dangers of the ‘system’ and in the browser

Enterprises are addicted to systems. Large enterprises doubly or triply so. Such commitment brings with it dangers. Curiously, in a quite different way, the humble browser may be an engine for others to reap benefits (though you might also, under some circumstances). This brief commentary will examine: two instances where the ‘system’ prevents business the…