Bitcoin is a 'safe haven' in a period of economical and political instability
Bitcoin’s transaction value has increased drastically over the past year, mostly because of both political and economic instability we’ve been witnessing in the past few years, according to a new Juniper Research report.
Total value of the cryptocurrency’s transactions is expected to hit $92 billion (£69.3bn) this year, up from less than $27 billion in 2015.
Android malware HummingBad generates $300,000 in monthly revenue
When we discuss mobile malware we usually look at the technological aspects, specifically how it's designed, how it spreads, what devices it targets, how it affects them after infection, and how it can removed. What we rarely get to talk about is the financial side of things, which in the case of certain types of malware is the primary interest of their creators.
Check Point has published a report on the HummingBad malware campaign, finding that it generates $300,000 a month in fraudulent revenue with a pool of 85 million infected Android devices across the globe at its disposal. In a year attackers are looking at about $3.6 million in revenue, assuming the number of devices does not expand considerably.
Oracle will pay HP $3 billion over Itanium server software
Oracle has been ordered to pay HP $3 billion after losing a lawsuit with the company regarding the software development for its Itanium servers.
During the lawsuit, HP claimed that Oracle had violated a contract by continuing to develop support software for its Itanium chip. The trial ran for one month in a California state court in San Jose ending with HP being granted the original amount it claimed at the beginning of the case.
Apple pays just £12.9 million in UK taxes
By booking sales through its international headquarters in Ireland, Apple was able to only pay £12.9 million in UK corporate tax during 2015. This is a nine percent increase from the previous year, in which it paid £11.8 million.
The European Commission has been investigating Apple’s tax arrangements in Ireland for two years now and the results of the probe are set to be released as early as next month. If the company’s tax arrangements are found to be unlawful, it could end up repaying billions to the Irish state.
Businesses get used equipment and third-party maintenance
More than half of IT decision makers opt to go for third-party maintenance (TPM) and pre-owned equipment, to cut costs and take advantage of improved support independent maintenance providers offer. It was also said they’ve had a "positive experience" with prior-generation hardware.
The news was published by Curvature, an IT infrastructure solutions provider, which polled 500 IT decision makers. Out of the 500 respondents, 60 percent use TPM, and 53 percent decide to purchase pre-owned equipment.
Millennials would trust tech companies with money transactions
There’s a new report suggesting that banks need to seriously consider innovating, if they don’t want to hand over their business to tech companies.
The report, entitled "Are Banks Losing The Innovation Game?", was released by financial regulatory framework compliance experts, Neopay. It is based on a poll of 2,000 UK adults on their experience with high street banks and tech companies.
Businesses want to spend more money on making apps
Businesses want to increase their spend on mobile app development, but we’re still a long way to go before that spending becomes more relevant, a new study by Gartner has shown. According to the market analysts’ report, overall app development budget allocated to mobile is 10 percent, a two percent decrease compared to the year before.
However, almost half (42 percent) of organizations plan to increase their mobile app development spend by an average of 31 percent this year. "Demand for mobile apps in the enterprise is growing, but the urgency to scale up mobile app development doesn’t yet appear to be a priority for most organizations", says Adrian Leow, principal research analyst at Gartner.
Big data management salaries see 8 percent rise in UK
If you were thinking about switching careers in order to start earning bigger money, you might want to consider a career in big data management. Reports started coming in that salaries for this position jumped eight percent this year, more than what the Bank of England forecast (three percent).
Professional IT resourcing firm Experis also says that 5,148 advertised jobs in Q1 were in the big data segment, with 87 percent being in London. Other tech cities are closing the gap though, with Manchester, Leeds and Birmingham being notable examples.
UK government wants to fine companies for data breaches
Even though the TalkTalk hack happened last October, it’s still sending ripples through the cyber-security world. The Department for Culture, Media and Sport has given a number of recommendations, following the breach.
Among the recommendations is the idea of fining companies that fail on cyber-security, as well as the idea of linking the CEO’s pay to effective cyber-security.
Average data breach cost rises to $4 million
The average cost of a data breach has jumped 29 percent since 2013, a new report by IBM Security and the Ponemon Institute says. This brings the figure up to $4 million per breach.
The number and the severity of these incidents keeps on growing, the two companies said in the report.
UK businesses lose over £1 billion thanks to cybercrime
New figures released by Get Safe Online and Action Fraud, the UK’s national fraud and cyber crime reporting center, reveal the cybercrime cost for British businesses over in the last year.
In total, businesses reported £1,079,447,765 in loses as a result of cybercrime, which is a 22 percent increase from the previous year. Each police force in the UK recorded around £19.5 million in losses but this number may in fact be slightly higher as some businesses may not have reported or disclosed the full extent of the losses they incurred to the authorities.
Businesses that don't allow card payments are making customers' life difficult
People like paying with plastic and those businesses that don’t enable easy card payment methods risk destroying themselves, a new survey suggests.
According to a report by Worldpay, 60,000 of small and medium-sized businesses (SMB) in the UK are "making life difficult" for those that dislike carrying cash around and they’re risking ruining their own businesses because of it.
Samsung Pay makes its European debut
Samsung Pay is nearly nine months old at this point yet it is only available in a handful of markets across the globe. That does not include Europe, though Samsung earlier this year announced that it would bring its mobile payments service to more countries in 2016.
The company is keeping its promise, as, after launching Samsung Pay in South Korea, US and China, it is now introducing the service in the first European market -- Spain. Here is what you need to know.
Microsoft wants to build a blockchain-based identity solution
Leveraging on possible opportunities on identity systems, Microsoft is looking into building a blockchain-based identity system and it has recently sealed a partnership to further this goal.
The tech giant has made an open source collaboration with companies Blockstack Labs and ConsenSys for their current Bitcoin and Ethereum-based identity solutions, together with various developers globally.
New Microsoft Ventures to invest in promising startups
Microsoft has today announced a new department designed to invest into disruptive start-ups in their early phases.
The department, led by Nagraj Kashyap (corporate vice president) and executive vice president of business development Peggy Johnson, holds the name Microsoft Ventures.
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