Mon, 8/09/14 – 17:28 | No Comment

Twitter has announced its first social commerce addition. When Twitter hired former Ticketmaster CEO Nathan Hubbard last year to head up their “commerce team,” it became obvious they were working on something. That something is …

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Businesses lose an average of $12.7M a year to cybercrime
Mon, 20/10/14 – 0:36 | No Comment

The fifth annual Cost of Cybercrime report from the Ponemon Institute found that businesses lose an average of $12.7 million to cybercrime. This is up 9.7 percent over the previous report’s study, indicating that the cost of cybercrime is on the rise.

The report this year was sponsored by Hewlett Packard’s Enterprise Security division and it found that business disruptions account for about three-quarters of those cybercrime losses. The report confirmed, as of previous ones, that business who prioritize cybercrime prevention tend to fare better in terms of losses than do those who do not.

Companies who use technology to catch and flag potential intrusions into critical systems, the report says, for exmaple, have costs lowered by about $2.6 million (to $10.1M) versus those who do not ($12.7M). The highest cost is usually incurred in the minutes it can take a security team to detect and stop a breach which could have otherwise been thwarted by automated software.

The Ponemon Institute has conducted its cybercrime costs survey annually for the past five years. The report suggests that most companies are generally unaware of what is happening on their networks. The average company took 170 days to detect an attack and 31 days, on average, to resolve cybercrime attacks. Each day added an average of nearly $21,000 onto the cost of the attack.

The Ponemon survey focused on corporations with 1,000 or more employees, however, but suggests that smaller firms may take a larger hit, in terms of percentage of revenue lost, than do larger ones. Smaller companies, the report says, pay an average of $1,601 per worker, they estimate, versus the $437 per worker paid by the larger firms surveyed.

The report can be found here.

Twitter to unveil mobile payment service
Fri, 17/10/14 – 4:45 | No Comment

In collaboration with France’s biggest bank in terms of client numbers, Groupe BPCE, Twitter will offer a new mobile payment service targeting young users.

China pre-ordered 20 million iPhone 6 units last weekend
Fri, 17/10/14 – 4:42 | No Comment

About 20 million units of the iPhone 6 and iPhone 6 Plus were pre-ordered in China between 10th and 13th October, according to a CNET report that cited data from Chinese tech giant Tencent.

Finland Blames Apple for Credit Downgrade
Mon, 13/10/14 – 13:37 | No Comment

In an interesting twist of politics, the Prime Minister of Finland, Alexander Stubb, told news reporters that Apple killed the nation’s top industry, resulting in an international credit downgrade announcement. Standard and Poor downgraded Finland’s …

Tech firms promise to safeguard student data
Fri, 10/10/14 – 4:51 | No Comment

After California Governor Jerry Brown passed the Student Online Personal Information Protection Act (SOPIPA) on 29th September, a group of 14 industry players have promised to adopt its principles across the United States.

Samsung to build new chip plant
Fri, 10/10/14 – 4:49 | No Comment

Samsung Electronics Co plans to invest 15.6 trillion won ($15 billion) on a new South Korean semiconductor plant to meet the growing demand for chips that power smartphones, tablets, appliances and wearable devices.

Hewlett-Packard is splitting in two
Mon, 6/10/14 – 12:41 | No Comment

HP will be splitting into two entities, the Hewlett-Packard Enterprise unit and the Hewlett-Packard Inc. hardware unit. The split will take place soon and will see both companies traded separately on Wall Street.  The Enterprise …

Microsoft unveils Windows 10
Fri, 3/10/14 – 5:11 | No Comment

Microsoft has revealed the name of the next version of its Windows Operating Software, Windows 10. Dubbed as the company’s “most comprehensive platform ever,” Windows 10 blends the best features of Windows 7, which was geared toward desktops, with the best bits of the tablet-centric Windows 8.

Majority of Americans clamour for net neutrality
Fri, 3/10/14 – 4:55 | No Comment

Most Americans believe that wireless internet firms should be covered by the Federal Communications Commission’s (FCC) net neutrality rule, according to survey by a key industry body.

German e-commerce giant plans IPO for October
Fri, 26/09/14 – 4:36 | No Comment

Rocket Internet plans to raise €1.47 billion by listing shares on Frankfurt’s stock exchange next month. This means the company’s market value could reach up to €6.5 billion, making it one of Germany’s largest tech listings in the last ten years.

BlackBerry’s new phone priced at $599
Fri, 26/09/14 – 4:30 | No Comment

BlackBerry’s latest square-screen smartphone is about to hit the market, and it boasts a lower price than its rivals.

In an interview, BlackBerry Chief Executive John Chen said the Passport smartphone would be available in the US for $599. However, the new smartphone will be priced differently in other countries based on tariffs and taxes.

Google Taps HTC for Nexus Tablet
Mon, 22/09/14 – 13:04 | No Comment

HTC left tablet making after the Flyer took a huge flop in 2011. Now they’re returning after signing a contract with Google to make the next 9-inch Nexus tablet. HTC engineers are headed to the …

Google unveils low-cost Android One smartphones
Fri, 19/09/14 – 5:29 | No Comment

Google has unveiled the first three smartphones that will form part of Android One, the firm’s initiative to bringing affordable handsets to emerging markets.