Business

The global cost of cybercrime in 2023 was set to hit 8 trillion U.S. dollars. The financial industry is a prime target as the rate of ransomware attacks has nearly doubled (64%) since 2021. Financial institutions are protecting against cybersecurity attacks by having a strong infrastructure that is able to enforce a zero trust policy. This cornerstone of a zero trust policy is based on having an idea of who or what the end system is that is requesting access. Traditional password systems, while simple, are obsolete. Human factors on password reuse and complexity, coupled with extensive password breaches, have...

Sign up for the View from Westminster email for expert analysis straight to your inboxGet our free View from Westminster email Ministers in David Cameron’s administration were informed that Post Office bosses had ceased a secret investigation that could have helped prove a postmaster’s innocence while still denying any faults in the Horizon computer system. An internal investigation in 2016 into tampering with cash accounts on the Horizon IT system spanning 17 years was abruptly dropped after postmasters initiated legal action. According to the BBC, ministers in Mr. Cameron’s administration were made aware that Post Office bosses had abandoned the...

Opinions expressed by Entrepreneur contributors are their own. Launching a new venture from the ground up can be a thrilling process. Selecting your first workplace, narrowing down your business model and defining a clear action plan are all common exciting experiences that entrepreneurs go through. But even these first steps can present challenges to surpass.My first startup was an internet company called Joyo.com, which I co-founded in late 1999. This was in the early days when the internet was still very young and full of undiscovered potential. Joyo's first three months saw many fierce debates within my team as we...

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emailsSign up to our free breaking news emailsPension savers could potentially be left thousands of pounds worse off in retirement due to overlooking charges when transferring their funds, a provider is warning.Just over seven in 10 (72%) of people who had recently transferred their pension did not know the exact fees for their old pension, or their new charges, according to a survey for People’s Partnership, which provides the People’s Pension.It called for greater industry transparency to ensure savers understand key information...

The United States has experienced a surge in clean energy projects, representing more than $200 billion in new investments since President Biden signed an expansive climate bill into law more than a year ago. But the election and the potential for a Republican takeover is prompting concern that key parts of the law could be upended.Former President Donald J. Trump, the front-runner for the Republican nomination, has repeatedly attacked central elements of the Inflation Reduction Act, including tax credits for purchasing electric vehicles. As a result, corporate executives have begun facing questions in recent weeks about the possibility that the...

Last fall, Tiffanie Simmons, a second-generation autoworker, endured a six-week strike at the Ford Motor factory just west of Detroit where she builds Bronco S.U.V.s. That yielded a pay raise of 25 percent over the next four years, easing the pain of reductions that she and other union workers swallowed more than a decade ago.But as Ms. Simmons, 38, contemplates prospects for the American auto industry in the state that invented it, she worries about a new force: the shift toward electric vehicles. She is dismayed that the transition has been championed by President Biden, whose pro-labor credentials are at...

EC Comics, which specialized in tales of horror, crime and suspense, and was shut down in the “moral panic” of the 1950s, is making a comeback.Oni Press will publish two new anthology series under the EC Comics banner. The first, Epitaphs From the Abyss, coming in July, will be horror focused; Cruel Universe, the second, arrives in August and will tell science fiction stories.Hunter Gorinson, the president and publisher of Oni Press, said the new stories will interpret the world of today, much as EC Comics explored the American psyche of the 1950s. The cover designs will feel familiar to...

The Biden administration on Monday announced a $1.5 billion award to the New York-based chipmaker GlobalFoundries, one of the first sizable grants from a government program aimed at revitalizing semiconductor manufacturing in the United States. As part of the plan to bolster GlobalFoundries, the administration will also make available another $1.6 billion in federal loans. The grants are expected to triple the company’s production capacity in the state of New York over 10 years. The funding represents an effort by the Biden administration and lawmakers of both parties to try to revitalize American semiconductor manufacturing. Currently, just 12 percent of...

Imagine this: You own a vast amount of land near a growing town that has been in your family for generations. Making a profit has become increasingly difficult, and none of your children are interested in taking over the farm. You are hesitant to sell the land because you cherish the open space, the diverse plant and animal life it supports. However, offers from developers looking to turn it into housing developments or shopping centers are becoming more tempting. One day, a land broker proposes an interesting idea. How about entering into a long-term lease agreement with a company that...

In today’s rapidly changing digital marketing landscape, the discussion around how brands collect and utilize customer data has become a key focal point. The concept of permissioned data, which is gaining traction, is at the center of this conversation, signaling a new era of data privacy and precision marketing. This blog post explores permissioned data, its importance in developing targeted campaigns, and its integration with data privacy principles to promote a more ethical and efficient marketing environment. Defining Permissioned Data Permissioned data stands out as information that individuals have explicitly agreed to share with organizations. This consent-based approach differentiates it...