Tag Archives: Risk

Cyber Attacks Are Global And Growing In Numbers – Infographic

An explosion of business and personal information on mobile devices and in the cloud leads to exciting opportunities – and unprecedented risk. Cyber attacks are global, sophisticated and growing in number. Even a small amount of leaked information can trigger a security breach with catastrophic results. Security breaches can cost you millions of dollars in lost revenue and customer goodwill. Continue reading

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Wisdom of Tim Draper, the legendary investor behind Tesla, Skype, Path, Box, and Baidu (China’s Google). He is an adventurous guy who has acted in Hollywood and invested into 400 companies. We asked him how he picks out the best … Continue reading

If Your Wifi Is Unprotected, This Man Can Expose It – Video

Oct. 12 (Bloomberg) — Sophos Director of Technology Strategy James Lyne discusses security issue with Wi-Fi hotspots. He speaks with Cristina Alesci on Bloomberg Television’s “Bloomberg Rewind.” (Source: Bloomberg)

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Your Social Networks: Your Life On The Line – Infographic

By now, you know that running anti-virus software is essential for protecting your computer against spyware, phishing scams and unsafe websites. Even Mac users are aware that they too are vulnerable to malware. But did you know that you need to protect yourself from hidden dangers on social networks as well?

Not only are there viruses, trojans and worms in cyberspace, there are hackers looking for clues to your identity — clues that can be used to steal your passwords, similar to what happened to a journalist from Wired Magazine last month.

It’s called “social engineering,” and Carol Carpenter, executive vice-president and general manager for Trend Micro’s consumer division, says hackers are using social networks like Facebook to get personal information from you. Your maiden name or even your pet’s name could help hackers gain access to something important, like a bank account.

Trend Micro’s Titanium Internet Security 2013 is a software designed to protect against hidden dangers in the things people do online the most, including “checking email, surfing the web and using social networks to keep up with family and friends,” says Carpenter.

Social networking security is built into the antivirus software. It scans for potentially malicious links on Facebook, Twitter, Google+, LinkedIn and even Pinterest. That way, you’ll know if the link associated with your friend’s status update about a new diet plan really is a scam site.

If the link on your Facebook page appears red, that means it’s malware or dangerous, and you shouldn’t click. Yellow means think twice or proceed with caution, and green means go, have a good time.

The software will also scan your privacy settings to let you know if you’ve unknowingly exposed yourself to any threats. For instance, a quick scan of my Facebook page let me know that all my posts are set to public by default; that’s alright with me since I accept subscribers. But many parents will want to know if their child’s settings aren’t set to ”friends only.”

The privacy scan gives advice on sharing practices, but Carpenter still recommends open communication between parents and children. Parents need to teach their kids good social etiquette, as well as safety, online — the same way they teach them how to carefully cross the street and not to talk to strangers.

Other parental options include Online Guardian, which monitors your kids’ behavior on social networks. There’s no need to friend them, but you can set an alert so that you’ll be notified if certain words, like “gun,” appear in any text.

There are other software options out there, but parents looking to keep an eye on their kids’ safety will find these tools easy to use and informative.

And they’d be right to keep watch. According to Trend Micro’s Annual Consumer Security survey of 1,000 computer users, 20% of consumers reported that while on a social networking site, they clicked a link that posted things to their wall that they didn’t want shared. What’s more, nearly half don’t change their privacy settings more frequently than every six months, and 35% infrequently or never check their privacy settings.

The survey also found that 60% of consumers share information — such as their birth date, hometown and pet names — on social networking sites that could lead to identity theft.

Check out the infographic for more survey findings.

Source: Mashable.com, TrendMicro

Business: Why Startups Fail – Infographic

Building a successful business is every entrepreneur’s goal – but only 1 in 12 succeed. Why do startups fail? The Startup Genome project analyzed data from 3,200 companies and came up with some answers. At the core of any successful business are two things: a good product and a large market for that product. In other words, a startup should be able to scale. And to scale properly, it must balance the growth of five core dimensions: customers, product, team, business model, and funding. The dominant reason for failure: premature scaling of one or more of those dimensions. View the infographic for more!

Source: Visual.ly

JPMorgan Loses $2 Billion in Chief Investment Office – Bloomberg

JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon said the firm lost about $2 billion on synthetic credit securities after an “egregious’” failure in its chief investment office, which the bank says focuses on hedging.

“This portfolio has proven to be riskier, more volatile and less effective as an economic hedge than the firm previously believed,” the New York-based company said today in a quarterly securities filing. JPMorgan declined 5.5 percent to $38.50 in extended trading at 5:55 p.m. in New York...More

JPMorgan Loses $2 Billion in Chief Investment Office – Bloomberg.

This is a bad time for bankers to lose $2 Billion while speculating. Not that there is a good time to lose such an amount of money, but in an election year at hand and lots of regulation calls circulating all over the place, Dimon didn’t do the industry a good service. A lot of this case sounds very familiar and will raise some eyebrows with people on main street, especially since JP Morgan was always presented as the “smartest” bank in the country.

Taking a Risk – People