The State and Future of Cyber Extortion & IT Hijacking for Ransom

Authors: Dr. Alexander Schellong, Wolfgang Kiener

Hijacking and ransom payments. It is something associated with war zones, poor countries such as Somalia and their pirates, crime syndicates or Hollywood movies. Think again. The digital transformation brings it closer to home. Everybody needs to understand this growing Cyber threat of #ITnapping for ransom. Read More

How to Secure your MS SharePoint Environment?

Microsoft SharePoint is a collaboration suite for working on documents within the company or other groups. By using third party or own written applications, you can extend its functionality, to match your needs. The service is not limited inside of your company, you can extend your work to other people outside of your organization by sharing the content. But this will increase the way, others can attack your organization. Let’s have a look how to secure that! Read More

Right Data: Why Big Data Sometimes Just isn’t Enough

Big Data is everywhere! The sources of Big Data are manifold and are related to several popular topics: sensors in vehicles (Connected Car) or production lines (Internet of Things, IoT), mobile communication, social media, and many other areas are capable to steadily produce enormous amounts of data. The pure collection of data is not an end in itself. The underlying goal is to generate additional value from it through skillful exploration. In recent years, the ability to both store and process Big Data sets improved significantly through the ongoing technical developments, e.g. in the Hadoop ecosystem. While Business Analysts have learned to derive KPIs and additional insights from the collected data, the step to prepare predictive applications is led by members of a new job profile: Data Scientists. Their field of expertise is to analyze the data sets, determine correlations among the different entities, and finally, use these findings to build and train predictive models. These models, developed in close collaboration with the corresponding business units, allow the derivation of predictions and subsequently even the automation of decisions. Hence, the predictive analytics has the potential to change business processes and to generate added value for the customers. Read More

Big Data Blues Ahead? Dynamic & Individual Online Pricing

As you might recall from last year’s post on Cybersecurity issues of innovations in stationary and online retail, dynamic and individualized pricing supported by Big Data analytics is already being experimented with by many firms. It could happen that retailers have to prepare for legislator’s reactions in the near future. Read More

Who is Faster than the Competition?

The proceeding digitalization is causing branches and markets to change rapidly. Each company, no matter what branch or whether the company is small or large, is giving strategic thoughts to who the customers are today and who will be the customers tomorrow as well as who the competition is today and will be the competition tomorrow. Often the competition is not even from the direct market environment, but from a totally different area. Read More

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