Being struck by ransomware used to mean that data would be lost forever unless you paid up. Those days are long gone. Today ransomware gangs are also stealing their victims’ data… and in some cases auctioning it off on Dark Web markets. The hackers behind the REvil or Sodinokibi ransomware have siphoned off terabytes of data from the systems they’ve infected. When victims aren’t willing to meet ransom demands, the REvil gang is more than willing to use alternative means to profit from their attacks.
Try to think of the top manufacturing startups today, and you might struggle to name one. While some companies leverage manufacturing to achieve futuristic ideas such as redesigning living organisms or colonizing Mars, few have turned their attention to the heart of the process: factory floors. “Manufacturing is the most unsexy space for anybody to be in,” admits Prasad Akella. “It takes deep conviction on the investors’ part to want to put money in this space. Silicon Valley has walked away from manufacturing for the last 20 to 25 years.”
As we start a new decade, the top trends for business analytics platforms are cloud, artificial intelligence, automation, on-device (edge) analytics, and augmentation. Cloud ecosystems empowered with AI have matured greatly in recent years. Smart, augmented prediction and decision-making tools are at a stage where they are ready to be deployed across organizations, from the boardroom to the shop floor. The challenge is making sure your business is ready to use them.
In the digital world, everything we do involves data. Digital trust and cyber security are crucial for digital business. Who controls our digital identity? The bits and bytes can serve our interests or be used against us. More than ever before, we have to trust computer systems. In terms of internet usage and social media penetration, Thailand is growing faster than nearly any other nation. How do its startups deal with personal data, privacy settings and cyber security? Our digital data can help or harm us.
Even though millions of workers have been directed by their companies to work from home, it still shocks me that many of them are again not taking the proper precautions to protect their data. Some of this stems from the fact that many companies, at the onset of COVID-19, did not have substantial work from home security guidelines and requirements for users who were using their personal PCs or mobile devices to work from home. Some consumers still believe, falsely, that a severe data breach can’t happen to them.
The COVID-19 pandemic has brought about a seismic shift in how the world goes to work. Apart from essential services, remote work is the new normal, mandated everywhere – even in organizations that never previously offered remote work options. Lack of VPN infrastructure or its ability to scale, legacy systems that were never designed for remote work, previous reluctance to implement work from home, poor cybersecurity hygiene – all of these pose challenges for organizations trying to adjust to this new normal.