Zoom With Care

Posted by & filed under Data security, Financial Accounting, Student life.

Description: Business, schools, and individuals have been quickly learning all about the Zoom, the software that has allowed many to link live with friends and colleagues during this time of social distancing. You should be aware, however, that hackers see Zoom as a new opportunity to mess with you and your data. The Toronto Star… Read more »

Now There Are 3

Posted by & filed under Corporate Strategy, Financial Reporting and Analysis.

Description: US cellular customers are now dealing with a world in which there are only 3 major carriers. T-Mobile has received regulatory approval to purchase Sprint. Along with the deal, T-Mobile has promised to hold the line on rates and to improve service in rural areas. Some critics maintain that it will be very difficult… Read more »

HBC Going Private

Posted by & filed under Corporate Strategy.

Description: HBC is no longer going to be a publicly-traded company. Chairman Richard Baker won a shareholders’ vote in his third bid to take the company private. In June 2019 Baker offered $9.45 a share, but this drew negative shareholder reaction. By this January the offer was sweetened to $11 per share, and 98% of… Read more »

$ 3 Million Ransom

Posted by & filed under Data security.

Description: The hackers are keeping busy. Travelex, a company dealing in foreign exchange transactions, has been hit by a virus. Reports say the hackers are holding Travelex to a $3 million ransom under the threat of releasing personal data. In the interim, the company’s outlets at various airports will use manual processes to exchange currency…. Read more »

Already?

Posted by & filed under Data security, Ethics.

Description: It’s already happening. Last week, Disney launched streaming service DisneyPlus; this week user accounts and passwords started showing up on hacker websites. Now that’s what I call efficiency! Unfortunately, it’s the type of efficiency that comes by exploiting system weaknesses. Professor Paul Rohmeyer, from the Stevens Institute of Technology in New Jersey, said he… Read more »

Big Bucks for Listing

Posted by & filed under Corporate Strategy, Ethics.

Description: Amazon is giving toymakers favourable promotion for the upcoming Christmas sales season – if they are prepared to pay up to $ 2 million. There’s nothing illegal about charging the toy manufacturers a fee for their place in the sun. But some have commented that the practice is not clearly disclosed to consumers. They… Read more »

No worries?

Posted by & filed under Data security.

Description: A consultant, Jason Coulls, reports that he has discovered Scotiabank software and access codes on a website. Scotiabank is taking action, directing its technical team to remove the material. Scotiabank is reassuring the public that no problems will result to its 25 million customers. Date:  September 20, 2019 Source:  cbc.ca Link: https://www.cbc.ca/news/business/scotiabank-data-1.5291511 Discussion points: … Read more »

AI Goes Criminal

Posted by & filed under Currency, Data security.

Description: You may have heard of the marvels of AI. Be careful though, as a story this week revealed how someone used AI to fake a boss’s voice. The fake voice told an employee to transfer 220,000 Euros into a secret account. Ouch. That introduces a whole new element of risk for companies in terms… Read more »

Maybe next time take the help

Posted by & filed under Data security.

Description:   Well, no one lost their job, but some might wonder why following news this week that officials at the International Civil Aviation Organization (ICAO) in Montreal mishandled a “watering hole” attack on their systems in November, 2016. CBC recently obtained documents showing the depth of the breach and the ICAO’s delayed and misplayed reaction…. Read more »

Fines for Facebook?

Posted by & filed under Data security, Financial Accounting.

Description:   Now it looks like all of Facebook’s privacy issues may be going to cost the company big fines. Regulators at the Federal Trade Commission – otherwise known as the FTC – are in discussions with Facebook over what may turn out to be the largest fine the agency has ever imposed. Last March the… Read more »