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Business Computers & Software Finance Financial Market Technology

Managing API Security Is Essential For the Banking Sector

I recently saw a headline that reported multiple branch closures by Lloyds, Halifax, and TSB. Personally, it didn’t affect me so I didn’t read the article. 

Why would it? I do my banking on my phone.

And, that’s mainly the reason why banks are closing their seldom used branches—people are banking online and not physically walking into banks.

As someone who prefers living online, I am not here to debate the benefits of high streets and banks. What I do want to talk about is the role of Application Programming Interfaces (APIs) in modern banking.

According to Express Computer, an Indian IT publication, APIs are spearheading the banking sector’s evolution.

These software programs allow banks to share their data and services with third parties. Third parties, as a result, can improve their services and customer experience.

APIs in Banking

According to the article, banks use APIs both as consumers and publishers.

As consumers, APIs help banks:

  • Automate the customer onboarding process, making it smoother
  • Get real-time information on customer credit-worthiness
  • Make better decisions for loan applications
  • Add value to their core business with investment and financial planning advice
  • Integrate with other services, such as e-commerce stores, and make online payments easier
  • Add other financial products into their range of offerings

As publishers, banks use APIs to reach more customers and diversify their services.

So, yes, the banking sector can thank APIs for a great deal.

However, that brings me to my next point. Since APIs are now an integral part of the banking sector, API security also becomes a larger issue.

I’ve discussed how re-evaluating your cybersecurity stack could help stop API breaches earlier. Then, I came across this post that discusses how identity distribution is essential for modern API security.

What Is Identity Distribution?

APIs enable a network of services that users can access. Once a user is inside that network, from any access point, they can get to any and all information within that network.

Identity distribution is the process of ensuring that the user is authorised to access information, at every point instead of just when they enter.

If you want to think of it in terms of your home security, once a person has entered your house—whether through the front door, back door, or window—they can go through the contents of all your rooms.

Identity distribution is the process of vetting their access and authorization in each room. If they are only allowed to enter the living room, they can’t be let into the master bedroom.

Identity Distribution For API Security in Banking

Identity distribution shouldn’t just take into account who is asking for access. It should also consider the origin of the request, the external application through which the request was sent, and an allow-list of callers.

Unfortunately, this brings up two other issues. 

One, sharing the credentials across the network means everyone who receives those credentials could use them to get the same level of access.

Two, It means distributing the user’s credentials across the network when some of the information might be sensitive. 

In effect, you’re sharing the user’s authorisation credentials (thereby making them available to other services on the network), which also means you’re sharing their information (which could be sensitive).

To mitigate this issue, you’d need proper identity distribution techniques. The technology you use will play a role in how secure the implementation is—that means having a detailed understanding of how your services interact with others and the pathways your users will have to take.

That, in turn, would help determine which services would need what identity data to complete the request.

Additionally, you’d also need to determine what piece of data these services would need to take the authorisation decisions.

Identity Distribution Techniques

Once you know the data that needs to be delivered to other services and who needs it, you can choose from a selection of identity distribution solutions. These can be:

  • Using Transport Layer Security (TLS) end-to-end, even with services within your network, instead of only at the perimeter
  • A locked-down infrastructure, where you control all communications within the network through encrypted connections, and using mutual TLS (mTLS) and frameworks (SPIFFE, Kubernetes) to manage service calls
  • Using established standards like OAuth and JSON web tokens (JWTs) instead of developing your own solutions
  • Using claim-based authorisation instead of using API keys or scopes (because, remember broken authorisation is listed as OWASP’s no.1 API vulnerability, and discussed in an article on API Security Solution by Gravitee.io, the leading API management platform)
  • Using opaque tokens instead of JWTs (which can reveal information to the frontend application or threat actors)
  • Using token-sharing techniques, such as token embedding or token exchanging

As you can see, API security is important across the board, but the banking sector is a bit more high-stakes than others. Whilst a security breach can be devastating regardless, banks are responsible for people’s money and savings. 

Investing in better cybersecurity is not just for them but also for their customers. And, API security is going to be a huge part of it.

Categories
Business Computers & Software Technology U.K U.S

Gantt Charts: Exploring the Applications and the Benefits

Managing a project, irrespective of its size, comes down to juggling a myriad of tasks, people, and whatnot—a single deadline is missed, and the entire project can go awry, incurring hefty losses and serious repercussions.

For project managers looking to boost their productivity by effectively managing their teams and projects, taking a visual approach to project management is a no-brainer. 

Even though tons of project management methods are available, Gantt charts have long been considered the most effective.

Instead of bogging you down with details, these charts give you a comprehensive visual representation of the tasks, milestones, and deadlines plotted against time.

IntelliPaat has offered a complete breakdown of a Gantt chart to help you get a head start.

But first, let’s elaborate on what a Gantt chart is.

What Is a Gantt Chart

Invented by Henry Gantt, a Gantt chart is, at its core, a pictorial view of a project: the resources involved, the start and end date of the project, how it’s planned to be executed—all laid out in horizontal bars. 

Based on your specific project requirements, you have a wide range of Gantt charts to choose from—such as basic Gantt charts, milestone Gantt charts, resource-loaded Gantt charts, dependency Gantt charts, and more. 

Applications of a Gantt Chart

Since a Gantt chart offers instant insight into a project, users can effortlessly see how it will progress over time. 

A Gantt chart facilitates:

  • Project Planning: Project planners can visualise the building blocks of their projects, thus organising and categorising them into fragmented and more manageable tasks. Plus, tasks can be prioritised for scheduling efficiency.
  • Resource Allocation: Stretching the available resources over too many tasks causes setbacks. With the project timeline in the Gantt chart, project planners can get an instant snapshot of how and where the resources are being used. Besides, a Gantt chart facilitates resource management by enabling project managers to delegate effectively while also aligning resources. As a result, project milestones are more likely to be achieved within the allocated budget and timeframe, ensuring no employee is overworking.
  • Defining Logistics and Task Dependencies: Gantt charts help project managers keep an expert eye on project logistics. In addition, by illustrating dependencies as lines linking two tasks or linking a task to a milestone, they can show when a particular task should start or end in relation to other tasks. For a company running projects in a multi-team environment, this feature can be highly effective. 

The result: Efficient project building and management that keeps measurable (and quick) revenue rolling in the business

Benefits of a Gantt Chart

  • Boost Team Productivity: One of the notable advantages of a Gantt chart is that it facilitates cross-departmental collaboration and brings all involved stakeholders on a single page. On top of that, it helps stakeholders track how a project is progressing in real-time, thus enabling the team to plan their steps ahead of time. Staying aligned on project tasks allows them to bolster business productivity.
  • Set Realistic Deadlines and Expectations: As we have already stated, the Gantt chart visually represents all the tasks and interdependencies comprising a project. Such a cohesive visual representation helps teams set realistic deadlines for each task and ultimately, the entire project.
  • Adjust the Plan in Real-Time: Having insights into the pace at which each task is progressing helps you depict the upcoming delays and roadblocks. This allows you to dodge potential risks or adjust your plans accordingly.

Turbocharge Your Presentation with Gantt Charts

Project managers dealing with massive troves of information frequently create calendar-based Gantt charts in Microsoft Visio or Project and import them into PowerPoint slides. However, the process is time-consuming and gets arduous due to lacking essential features. 

For those who want to create Gantt charts directly in PowerPoint with fewer clicks and less time, leveraging an add-in, such as think-cell, is a sensible decision. Automated Gantt charts, built with high-end software, help create better results—both for your presentation and timeline planning.

Wrapping Up

In short, when it comes to organising a project efficiently, a Gantt chart is second to none. Get the hang of Gantt charts and manage even the most complex project in a breeze. 

Categories
Computers & Software India Technology Transportation & Logistics World

87 Parking Lots in Chandigarh to Get Smart; Tenders to be Floated Soon

Eighty-seven parking spaces in Chandigarh are set to get revamped as union territory (UT) adviser Dharam Pal directed Chandigarh Smart City Limited (CSCL) to float “tenders for smart parking immediately,” reported The Times of India.

A statement on the above concern was released by the Chandigarh administration on February 23, 2023, after the contracts with the two agencies manning those 87 municipal parking lots had expired this January.

UT Adviser Dharam Pal, while interviewed by The Indian Express, said, “Parking is the city’s problem. The administration has faced a lot of flak over the parking issue. A draft of the policy will be placed before the General House of the civic body for discussion. We have merely drawn a draft of new smart parking. We have to become a smart city, and for that, a proposal needs to be made. We prepared a draft, and then it will be placed before the House for discussion. We are all working towards the same goal here, to provide good, smart facilities to the residents of the city.”

On the same day, the Mayor of Chandigarh, Anup Gupta, stated that the General House of the civic body is committed to ensuring the city residents reap the benefits of the smart parking from the first day and soon starting to draft the terms and conditions as per the tender.

“Also, several other issues need to be discussed — like the issue of giving a window of ten or fifteen minutes, whatever is decided, to allow pick-and-drop at these lots,” the Mayor explained.

Smart Parking Features to be Adopted in Chandigarh

The features that are expected to transform the 87 parking lots in the city are:

FASTag-based parking management system

CSCL has demonstrated the plan to introduce a FASTag-based parking management system in Chandigarh. The aim is to move the paid parking spaces to an automatic system wherein most of the toll collected will be cashless, requiring no vehicles to stop. 

Besides FASTags, drivers, however, will have a range of options—such as cash, Paytm, or UPI—while paying their parking charges.

Parking Central Control Centre

All 87 parking lots are set to be connected with the Parking Central Control Centre, Police Command and Control Center (PCCC), and the Integrated Command and Control Centre (ICCC) for facilitating monitoring.

The purpose is to ensure the utmost safety of the drivers and vehicles by identifying and minimising incidents—such as tiffs or theft—inside the parking lots.

“The parking management system will be integrated with the Integrated Command and Control Centre of Chandigarh for data analytics and service monitoring,” said Anindita Mitra, CEO of CSCL and commissioner of Chandigarh municipal corporation (MC).

Automated and Single Entry-Exit

A proposal for deploying automated gate control at the entry and exit of the parking lots has also been introduced. An automated entry-exit system will allow authorities to control access by lowering or lifting the boom barrier and stopping vehicles from entering or exiting a parking lot unless authorised. 

On top of that, since vehicle movement will be unidirectional, traffic congestion inside and outside the parking lot will be decreased significantly.

A Parking Management System Application

In order to constantly monitor the availability of each parking lot while also enabling keepers to book slots, the agency handling the city’s smart parking lots would need to use a high-end parking management app

The Automatic Number Plate Recognition (ANPR)

According to the MC commissioner, ANPR cameras will be installed to bring all 87 parking lots under stringent surveillance. 

A cost-effective way to provide consistent data to parking enforcement apps, an ANPR camera helps ensure car parking safety and detect repeat delinquents or target vehicles/block-listed vehicles. 

For a ticketless parking space, installing high-end ANPR surveillance cameras, such as ZatPark, is critical to facilitate vehicle access control. Advanced ANPR technologies ensure a 100% capture rate accuracy under recommended lighting conditions.

Wrapping Up

Since Chandigarh was declared a ‘smart city’ in 2016, the revamp of the city’s parking management system has been long overdue. 

The UT advisor expects to turn 25% of the 87 spaces into smart parking lots within one month of the grant of the contract.

Categories
Automotive Computers & Software Finance Technology

How AI Helps Insurance Companies Deliver a Better Experience

I recently wrote a post about why insurance companies should consider data consolidation. In that article, I discussed how having your business data in one place could help you make better decisions for your business. 

And, at the same time, create a better experience for your customers.

Of course, one might argue that all of that data being streamed into this central “vault” would need to be assessed and analysed to get any value from it.

That’s where artificial intelligence (AI) and machine learning (ML) come into the picture.

Repairer Driven News, a news site for collision repairers, very recently discussed how technology—specifically AI—makes it easier for insurance companies to produce quotes.

Whilst this article discusses auto insurance specifically (given the nature of the publication), what it says is just as easily applicable to other parts of life that require insurance.

Using AI to Calculate Risk

In the past, risk calculations were done manually, based on information provided by the customer. With AI, however, risk calculations can be automated. And, they tend to be more accurate.

Accuracy, as it turns out, is extremely desirable in the world of insurance. That leads to a more logical premium for the customer, which is good for them and the insurance provider.

At the same time, AI is much better at detecting fraud. 

Fraud detection requires pattern detection. And, if the fraud is sophisticated enough, humans might not be able to see that pattern. AI, on the other hand, can and will. 

According to this article by Business News Daily, machine learning algorithms can detect fraudulent claims with a 75% accuracy rate. Of course, as technology evolves, fraudulent schemes will as well. However, all that means is that data scientists will need to keep up so that AI/ML can keep up as well.

Using AI to Calculate Cost

The article discusses how predictive analysis can determine if a vehicle can be repaired or if it should be written off. It can do that based on information such as the year and model of the vehicle, the type of impact, whether the airbags deployed, and so on.

It also talks about how AI heat mapping technologies can identify which areas of the vehicle were damaged.

With all this information at its “fingertips”, AI can very quickly complete an estimate with no additional help.

In the same way, AI could be used to predict risk and come up with personalised quotes for health and medical insurance, home insurance, pet insurance, and more.

Again, with a better understanding of the cost of treatment or reparations, insurance companies can service their customers better.

Using AI to Mitigate Risk

Safety technology in vehicles is reaching a point where cars can safely (well, more or less) drive themselves. While not all vehicles are autonomous, they do have features that can help human drivers operate a little more safely.

Some of these features, such as parking sensors, rear-facing cameras, and lane detection, can also gather information. This information, in turn, can be processed by AI to help drivers make better decisions; better decisions that lead to fewer collisions.

Helping Insurance Companies Harness the Power of AI and Data

Insurance software providers like Zinnia are offering solutions that help businesses make the most of their data. At the same time, these solutions also help them design better products for their customers, giving them the best experience as well.

For example, Zinnia’s life insurance solutions include data consolidation as well as management. This secure “source of truth” can be used by AI to generate better outcomes for everyone.

And, isn’t that what you want for your insurance business?

Categories
Home & Garden Living Real Estate U.K

London Landlords Can Justify Higher Rents By Setting Their Rentals Apart

London’s rental market is in a deep crisis.

The inflated cost of living, hefty hikes in rents, and the risk of inflation looming over the UK have led to a record exodus of renters, as many plan to move to other parts of the country in search of more affordable accommodation.

The result: rapid cooling in rental home demand leading to a sharp fall in rents.

For landlords whose incomes are getting hard hit by inflated mortage rates, this could be a ‘perfect storm’. 

In light of the current state of housing, the London Post has shared a guide for landlords looking to improve their homes’ value to entice more tenants.

How to Increase Your Home Value

Except for the location of your home, there’s a whole lot of things you can do to justify higher rent and increase your profit margin, such as:

Improve Curb Appeal

Improving the curb appeal for a rental property is a great marketing strategy for homeowners looking to draw the attention of prospective tenants. 

One of the best yet affordable ways to boost the marketing of your rental property is to spruce up your building’s paint job with a new colour or a fresh coat. Nothing says quirky quite like a bold colour. A brilliant splash of colour makes the exterior of a property visually appealing, thus attracting more prospective tenants to land on your advertisement. However, you don’t need to turn your grey and white house into pink and blue. Brightening up the siding, mailbox, or front door can help bring in a bit of character to even a basic palette.

Apart from that, well-manicured landscaping, a squeaky clean exterior, attractive lighting, a high-tech entrance, etc., can help improve your rental property’s curb appeal.

Add Luxurious Fixtures

To increase your home’s appeal to high-net-worth renters, upgrading to luxury fittings and fixtures is always a sensible investment. 

Adding deck lighting, upgrading bathroom fixtures, replacing outdated bathtubs for designer tubs, etc., are a few ways you can create a buzz around your property.

Boost Your Online Presence

Advertising your rental property is critical, with at least 73% of prospective tenants turning to online sources for their search. 

With digital marketing, you can add an upswing to your renter selections while also minimising empty rental periods.

For landlords who want to be less hands-on yet need professional marketing for their homes, hiring a real estate service like award-winning Quintessentially Estate is a sensible business decision. 

Combining a multi-faceted, multi-channel property advertising approach with a thought-out marketing strategy, a professional service ensures a client’s property gets maximum traction on rental sites. 

On top of that, high-end real estate services frequently collaborate with blue-chip and leading relocation businesses to ensure landlords get access to a greater pool of high-calibre renters.

Make Sure You Have All Relevant Checks Up to Date

As a landlord, you have a spectrum of compliance obligations to adhere to, and it grows year by year. 

Ensuring all regulatory compliance checks are up to date is a legal requirement that ensures your renters are safe in a home that’s energy efficient and offers deposit protection, fire and gas safety, and more.

Failing to meet regulatory compliance can lead to hefty fines or charges, so it’s not something to skirt around.

Being transparent and explaining everything to your renters is an impactful approach that exhibits your care for your property. 

Wrapping Up

Even though the current economic upset and soaring rents are forcing tenants to leave London, landlords can maximise their property value by following the home improvement tips featured above. 

Categories
Business Employment Media & Communications Technology U.K

How Tech Startups Can Make Themselves Recession-Ready

The start of 2023 has seen big tech companies laying off employees in the thousands. To make matters worse, there’s talk of a potential recession happening this year. 

If tech giants are having a rough time, how will smaller tech startups fare in this market?

As a smaller tech company, you’d be justified in getting a wee bit concerned. Fortunately, even when the near future looks bleak, there are ways your business can avoid the doom and gloom that comes with economic downturns.

Here’s how:

Focus on Your Team

A business is made up of not just the brand but also its people. And, as a startup, you want each member of your team to be a valuable asset. The more you invest in them, the more they will be invested in you.

That’s why continuous improvement and on-the-job training are invaluable. Technology changes and grows rapidly, and you want your employees to keep up. Not only are you building a stronger foundation for your business, but you’re also giving your employees a reason to care about the company’s growth. The more you grow, the more they grow.

This is one of the best ways of showing them you believe in their potential. And, also of creating a lean team that will keep your business afloat when times are rough.

Understand the Recession Market

Let’s face it. Recessions are nothing new. And, whilst technology might not have been the same, business principles tend to work in the same way, generation after generation.

So, take a look at what other successful tech companies did in the past. See how you could apply those principles to your business.

That should give you a good baseline for a set of revised business goals for your company during a potential recession.

It helps to have a multilayered strategy with different sets of business goals for various situations. Things might not be as bad as you think. Alternatively, things might be worse.

If you have a plan for every situation, including the worst-case scenario, you won’t be left floundering when (or, if) things do go south.

Be Prepared to Offer New Products

When COVID-19 started spreading in 2020, many countries enforced a strict lockdown. The UK was one of them. Businesses that were deemed non-essential had to close operations. That included manufacturers as well.

However, seeing that there was a shortage of ventilators in the country (at a time when the NHS would require more ventilators than normal), the Government issued the Ventilator Challenge.

Manufacturers who agreed to take part in it got together to make 20 years’ worth of ventilators in 12 weeks.

If you look at other businesses during the lockdown, you’ll see a number of them did have to change their product offerings in order to stay relevant.

In a recession, you may find that the products you normally make are not required. So, you need to be prepared to change your offerings.

(And, if you paid attention to my first point, you’d have a team that would be able to handle that change!)

Focus on Retention, Not Acquisition

You know that saying—a bird in hand is worth two in the bush?

It applies—very strongly, I might add—to customers. 

It is always easier to retain existing customers by keeping them happy than it is to acquire new ones. 

And, if you’re in the middle of a recession, new customers are even more difficult to find.

So, spend time on building those existing relationships instead of focusing on new ones. Reach out to your customers and find out if their needs have changed. If times are difficult, it might be possible for you to help each other out.

Plus, marketing to existing customers doesn’t have to be tedious or boring. As Bold Content pointed out, B2B videos don’t have to be boring. Build a connection with emotional, funny, relatable content.

(Plus, Bold Content is already helping produce content that could help your workforce grow—check out the story about the animation they created for Tech She Can, which encourages young girls to take up STEM studies.)

So, there you have it. Keeping your tech startup going during a recession is all about having a plan and building human connections. Stay creative, and maybe I’ll be writing a case study on your business in a couple of years.

Categories
Energy & Environment Public Affairs U.K

UK Energy Consumers Brace For Hefty Energy Bills Despite Falling Gas Prices

As supply issues have been exacerbated worldwide by the Russian invasion of Ukraine, the wholesale price of imported oil and natural gas had spiralled upward. 

According to The Guardian, the current energy crisis in the UK stemming from the Ukraine conflict cost the equivalent of £1,000 for every adult.

But now, even though the wholesale gas prices in the UK have started to drop, Britain’s energy cost is not decreasing sooner—residents won’t see the benefits until the second quarter of the year, reported The Conversation

Energy Costs Showing No Sign to Decrease Sooner

Inflated wholesale prices cause residents to encounter hikes to their energy bills. 

Wholesale energy prices have started decreasing from their peaks in summer 2022, but a substantial lag is expected before these feed through to consumers.

Now, with falling wholesale prices, the new Ofgem price cap is yet to be announced.

The energy experts predict the energy price cap to see a sharp fall by the second half of the year when the plunging gas prices will be able to impact the hedging strategies and season-ahead contracts.

It means that the benefits of decreasing gas prices won’t be felt sooner.

Ofgem is about to announce the price cap for the second quarter of the year this February.

Cornwall Insight forecasts the UK’s energy price cap to slip from its present record-high rate of £4,279/year to £3,294/year in April and to £2,200 from for the next six months.

Even though it would be a sharp decline from current levels, the price is still very high—Ofgem cap was between £1,000-£1,200/year before the Ukraine conflict made fossil gas costs reach record highs.

However, setting an Ofgem price cap is the process that ensures an energy supplier can recoup their costs; it doesn’t essentially cap the consumers’ bills. 

Based on the estimations, energy experts anticipate the energy bill to soar from the current amount of £2,500/year to an average of £3,000/year or above from April 2023 for the following 12 months. 

It will be much higher than the forecasted price cap of £2200/year from July. 

Prices are capped by whichever is the lower—Ofgem price cap or Energy Price Guarantee (EPG). It means, the residential energy bills are expected to decrease from the second half of the year since the price cap will fall below EPG by then.

However, even if energy prices drop as anticipated, they will still be around 70% higher than in winter 2021/22.

What Can Be Done Now?

With energy prices continuing to soar, plans must be rendered to help consumers ease the energy cost. 

As the UK faces soaring inflation and increased cost of living, residents are encouraged to keep their energy demand reasonably in check. 

Experts advise UK residents to turn down the flow temperature on their boilers to 60°C or below to knock about £160 off their annual energy bills.

Again, for households looking to reduce their energy waste while also supporting their energy bills, servicing boilers annually by leveraging an affordable and reliable service like Mulgas Boiler Care Specialists is a sensible decision. 

Maintaining boiler service check-ups ensures homeowners are running their heating systems efficiently, and it can also help lower their energy bills. 

Britain’s over-reliance on fossil gas has been a leading cause behind its soaring energy bills. With that said, emphasis must be placed on increasing renewable power generation to curb the reliance on fossil fuels significantly. 

Renewable energy generation can help the UK hit the Net-Zero goal by 2050 while also boosting its energy security and knocking off a substantial amount from the household bill.

Wrapping Up

Until July, consumers will see little benefits of falling gas prices. However, proper steps should be taken to lower energy consumption.

Categories
Computers & Software News & Current Affairs Technology Telecom U.K

DDoS Attack on NATO Websites Affects Turkey-Syria Rescue Efforts

On the 12th of February 2023, some of NATO’s websites were temporarily disrupted due to a Distributed Denial of Service (DDoS) attack. The group that claimed responsibility for carrying out these attacks is Killnet, a Russian hacktivist group.

Apparently, the group had announced its intention to carry out such an attack in its encrypted channel on messaging service Telegram. It also appears to have been soliciting donations in the form of cryptocurrency to fund its activities.

According to the report by Computer Weekly, NATO secretary general Jens Stoltenberg assured reporters that the alliance had put together additional defence measures. 

He also said, “The majority of Nato [sic] websites are functioning as normal. Some Nato websites are still experiencing availability issues, but our technical teams are working to restore full access.

Since it appears that NATO’s classified networks were not affected, it’s likely that the attack was to disrupt the search and rescue mission in Syria and Turkey. That’s because reports suggest the networks affected are used by NATO’s strategic airlift capabilities (SAC).

SAC found that, during one of its search and rescue missions in south-eastern Turkey, it was unable to communicate with one of the C-17s in flight due to the disruption in service. Fortunately, it managed to stay in contact throughout even though communications were down.

A Well-Timed Cyber Attack

This is not Killnet’s first attack. It has been responsible for other DDoS attacks, with healthcare taking a lot of damage.

It is interesting to note that the DDoS attack on the NATO websites took place on a Sunday. Weekend and holiday attacks have become a trend, with cybercriminals relying on the skeleton security crew and lack of staff to hide the breach for longer.

DigitalXRAID discussed this phenomenon in a recent article about its 24/7 SOC service. From delivery companies (Yodel) to insurance companies (AON), no one is safe from weekend-timed attacks.

The reason why cybercriminals attack over the weekend or during holidays is, as I said earlier, due to the lack of personnel. 

The later an attack is detected, the more time the threat actors have to go deeper into the network. They can gather more information and, potentially use the information found to carry out more attacks.

For that reason, quick detection is imperative. Note that the NATO websites attack was detected really quickly and they still had some availability issues. If they hadn’t detected the attack quickly enough, the recovery time could potentially have been longer.

Ongoing Detection for Better Protection

According to DigitalXRAID, having a 24/7 Security Operations Centre (SOC) can make all the difference when threat actors attack. Your SOC would constantly monitor for any suspicious activity, catching cyberattacks before they become cyber incidents.

However, the problem is that most companies can’t afford to hire an in-house SOC team. In fact, if (ISC)2 is to be believed, the cybersecurity profession needs to grow by 3.4 million people in order to close the workforce gap.

In that case, it might be worth outsourcing your cybersecurity to experts who have the expertise and resources to give you better security from cyber threats.

Companies like DigitalXRAID could help keep your business safe from online threats, whether it is your ongoing services or cloud migration.

Have a think. See if you want to invest in ongoing cybersecurity for your business.

Categories
Business Energy & Environment Lifestyle Living U.K

First British Interior Design Collective Achieves B Corp Certification

Accouter Group of Companies, home to Accouter, has recently been announced as Britain’s first B Corp certified interior design collective, reported Elliman Insider

AGC believes that the team’s commitment to meeting the “highest standards of verified performance, accountability, and transparency” on a spectrum of social and environmental issues has brought the company this prestigious recognition.

“We are proud to be the first British Interior Design Collective to join this community of change-makers, alongside a global movement of people using their business as a force for good,” said Stella Gittins, cofounder of Accouter Group of Companies. “B Corp is a holistic approach for us. It shapes our culture and encourages us to acknowledge our business impact and act. Most importantly, it gives us a framework for continuous improvement, so that every day, we become a little bit prouder of what we do.”

What Is B Corp Certification?

B Corp is a private certification awarded to for-profit companies that can demonstrate their deep commitment to using business as a ‘force for good’—whether via community outreach, taking sustainability initiatives, or implementing equitable economic practices.

Since 2007, this highly prestigious certification has been awarded by B Lab to enterprises that meet the ‘social and environmental performance’ standards. 

B Lab is a non-profit organisation helping to build a sustainable global economy that will benefit people, the environment, and the world. 

AGC Hails B Corp Status

AGC achieved the highly coveted B Corp status in early 2023.

The company has been evaluated rigorously based on the B Impact assessment criteria. The company scored 83.3, whereas the median score for a business to pass the assessment process is 50.9. 

When more than 22 million pieces of furniture are disposed of in the UK each year, AGC is unwaveringly committed to balancing purpose with profit by championing environment-friendly materials and long-lasting manufacturing processes.

“We know there is cynicism around the topic of sustainability for businesses, which is why it was important for us to achieve our B Corp. B Corp separates the green-washers from the good-doers. It shows people that those that really want to make a change, are making a change and that they are willing to operate in a way that puts people and the planet first, and profit second. For companies like us, the priority is to meet the highest social and environmental standards, and do so with authenticity, transparency, and full accountability,” said Alec Watt, CEO of Accouter Group of Companies.

As part of its effort to better demonstrate its adherence to B Corp standards, the company has formed an internal team headed by a dedicated B-keeper. The team is responsible for ensuring that the improvement goals of the company closely align with its working culture. 

“Our enthusiastic B Corp team worked together to identify all our processes to ensure we are practising what we preach when it comes to responsible business practices. We now have a village of internal people rooting for change, which makes us a powerful force towards achieving better things as a business. We wanted to come together and step up, and we’re proud to have done exactly that,” stated Gittins.

Partnering with Walpole, AGC helps the British luxury industry lower its carbon footprint and environmental impact for a more sustainable future.

What’s Next?

Joining the B Corp force is only the beginning, according to AGC. AGC is committed to ensuring their improvements are ever-evolving by helping build a more inclusive, sustainable economy. 

With B Corp certification, the company is aiming to build a global movement for ensuring sustainable development, curbing inequality, and concocting job opportunities with purpose and dignity.

Categories
Computers & Software Marketing & Sales Technology U.K U.S

A Sneak Peek at the Digital Marketing Trends of 2023

I came across this article on Top Marketing Trends in 2023 by CMSWire. As an SEO content writer, I was definitely interested in what it said. I was even more curious as I’d seen another article in Forbes on the same topic.

The Geek in me wanted to compare the trends these two articles thought would be strong in 2023.

The writer in me wanted to arm myself with industry knowledge—be a more effective content writer and all that.

The me-the-person will read anything and this was as good reading material as any, so…

Anyway, here’s the information, distilled for you by intelligence that is not artificial.

Top Marketing Trends 2023

According to the article, here are the top trends of 2023:

Social Media and Influencer Marketing to Grow

According to HubSpot’s Marketing Strategy and Trends Report, around 25% of marketers use influencer marketing. This form of marketing currently seems to have the highest ROI. 

So much so, it’s expected to grow in 2023, with 17% of marketers planning to try it out for the first time this year. And, of the marketers who are already using this form of marketing, 89% are expected to increase their budgets!

Of course, not everyone agrees with this. Some marketers believe that it’s not influencer marketing that sells but social media marketing. And, influencers are simply harnessing the power of social media.

According to them, content creators who focus on social media will achieve growth, rather than influencers specifically.

Local Search Still Dominates

With the rise of mobile device use, search is slowly becoming more local. If I’m driving and want to grab a bite to eat, it’s easier to look for places in the vicinity. 

With more people browsing the interwebz on their phones instead of a desktop, it’s only logical for local search to become more important in 2023.

So, if you want your technology and software business to be found locally, get yourself an IT marketing company (like Geeky Tech) to help you.

AI-Generated Content to Invade Webpages

I know I have been going on and on about ChatGPT—how it is being used to create malware and how it is going to change SEO—but it’s hard not to. It’s the hot news of the year.

However, it’s not the only AI content generation tool—it’s just the most popular. And, for better or worse, it seems like AI-generated content is here to stay. 

Content generation is a huge part of digital marketing. With AI writing or creating images and videos, marketers will be able to generate vast quantities of content really quickly.

This will mean that, with robotic content saturating the world wide web, original content might find it difficult to stand out.

At the same time, it will create a demand for content marketers who can harness the power of AI to create top-quality content.

Audio-Visual Content Consumption Rises

Social media marketers already knew that posts with images or videos get more engagement. However, now digital marketers are also noticing a rise in the demand for audio and video content.

And, it’s not just audio clips and short videos that are being voraciously viewed. Audiences are also devouring live-streamed content and podcasts.

Another point to note, people no longer want perfectly produced videos. TikTok seems to have created a demand for user-created videos that aren’t professionally edited.

Social Accountability Is a Factor Now

It’s been a growing trend but will continue to play a role for marketers in 2023. Consumers want to align with brands that share the same values as them. In fact, 50% of Gen-Zers and nearly 41% of millennials prefer to patronise businesses that support social causes.

Gamification Wins

Audiences visiting websites are more likely to stay if there are interactive elements to keep them engaged.

Plus, it makes a great talking point, which helps in word-of-mouth marketing!

So, there you have it; the marketing of 2023. These are points you’d need to keep in mind when planning the marketing strategy for your IT company.