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 »

The Great Cannon

Posted by & filed under Data security.

Description:  It seemed at one time that the internet might offer greater freedom and democracy to the population of China. But the growing threat of China’s hacks and espionage are causing us to rethink those views. A recent paper describes the 2015 attack on GitHub’s giant stores of computer code. This attack has been called… Read more »

The other side of the story

Posted by & filed under Canadian Government, Data security, Personal Tax.

Description: Last week this space featured a discussion of a request by Statistics Canada to obtain banking information of Canadians without having approached those Canadians first. Of course, the opposition parties in Parliament were quick to criticize this apparent breach of protocol, though Statistics Canada had made efforts to brief the press beforehand. This week… Read more »

Blackberry Shares Rising

Posted by & filed under Corporate Strategy.

Description:  After years of being on death watch, Blackberry is turning things around. Financial results for the latest quarters showed a profit of over $40 million U.S. These days the company is making its money in software and its fast-growing automotive division. Hiring is up and the company is looking for 1,000 or so engineers…. Read more »

The Bug

Posted by & filed under Corporate Strategy.

Description:  The Volkswagen Beetle – often popularly known as the Bug – is on the endangered species list. Volkswagen announced last week that the final editions of the Beetle will probably roll off of the assembly line by next summer. CEO Hinrich Woebcken of Volkswagen USA did hold out a bit of hope for a revival… Read more »