The CEO-Fraud: Billions Lost – Organizations Should Really be Afraid

Social engineering is one of the most popular and old scam techniques that actually works. As we have already moved on to the cyber age, where our financial records, research & development data, social life or medical history exist online, it is really crucial that this kind of information does not fall prey to the fraudsters. However, it does. Fraudsters have now turned their heads towards the corporate and business world. The statistics about social engineering hacks on businesses or the scam where a trading…

Keeping up in an Ever Extending Vendor Universe

Author: Tolga Yilmaz As companies evolve and their exponentially expanding requirements need to be satisfied, third parties and vendors come more and more into play. The reasons for this are justified, more than ever… as more companies become reliant on Information Technologies and Professional Services, they need to procure the best products, which requires in some instances deep knowledge of certain subjects. In some instances, some organizations have begun to outsource complete units as they primarily do not align with their subject matter expertise, and…

Is your Application Development Secure?

As companies more and more rely on more specific business applications in today’s fast paced business environment, the software development facilities serving the company have become a strategic partner. A partner that has become overwhelmingly occupied with projects so detailed and complex that it was just necessary to split up the project phases that developers can concentrate on their core duties… the code itself. So far so good, you have it all; your Project Management Office to coordinate the efforts and assign resources, Business Analysts…

Driving the Digital Vehicle

It’s not just central locking systems, power mirrors or the 18 electromechanical actuators one German luxury car had built into the driver’s seat as early as 1985 – the majority of vehicle processes have been managed electrically/electronically for decades. While today E/E components make up 20% to 40% of manufacturing costs of a car, this proportion is expected to rise to at least 50% in the years to come. This is not just due to the fact that the vehicles’ internal control mechanisms are becoming…

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.

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