Category: <span>Technology</span>

Our homes are getting smarter – we control smart speakers all around the home with our voices, control our thermostats from anywhere with smart heating, and control the ambiance with smart lighting. There are even smart fridges that which are programmed to sense what kinds of products are stored inside it and keep a track of the stock through barcode or RFID scanning.

These gadgets all have one thing in common, they’re constantly online. And anything that’s always connected can be used in a cyber attack. And the older the connected tech, the easier it is to hack into.

So, is it time smart tech came with a ‘use by’ date?

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It doesn’t seem like the first coronavirus wave has ended and already there’s talk of preparing for the second wave. But with the cold weather on its way back, government support schemes coming to an end, it’s going to be a tough end to the year, regardless of whether or not there is a second wave of Covid-19.

UK businesses are still feeling the effects of the first coronavirus outbreak and lockdown – many still haven’t had the chance to reopen – and are now being asked to prepare for the second wave. If you’re in the payments industry, here are some ways to stay competitive if there is another downturn.

The rumors of the second COVID-19 wave have been circling the market. With a significant number of vendors still battling the consequences of the first siege of the pandemic, keeping in mind what measures could mitigate the impact could be the difference between a ‘crash and burn’ and staying afloat.

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Whether it’s phishing, Trojan Horses or a DDoS attack, cyber crime is getting more and more complex and efficient

All of which is obviously concerning, but have you ever wondered how hackers actually make their money?

Technology

Technology is evolving faster than at any time in history, and if we’re not yet quite living in a sci-fi version of ‘the future’, we’re certainly staring at a new frontier that is being driven by automation, data intelligence and technological advancements.

And while progress should never be halted, we’re in serious danger of putting ourselves out of jobs – data driven intelligence is delivering digital transformation for all sectors and will eliminate various existing jobs between this decade and the next.

Many jobs humans do today which are slow and filled with errors, will be replaced by intelligent systems, whether in form of robots or computerised devices – will your job be one of them?

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Fintech usage jumps by over 50% during the lockdown period, with 21% securing new financial products without speaking to a single human being. Here’s more on how financial technology (fintech) has been given a boost by lockdown.

Coronavirus Technology Work from home

The coronavirus pandemic has impacted business of all sizes, in all sectors, across all nations, but while some have managed to pivot their business to make the best of a bad situation, others are facing an existential crisis that few, if any, saw coming.

And it seems one sector is thriving more than others, as digital banks have used the conditions created by coronavirus to as an opportunity to increase industry security and enhance user experience.

Is the global pandemic helping to ensure that banks are less susceptible to malware viruses and, in turn, helping to make them coronavirus proof?

Coronavirus Cyber security Technology

Social distancing measures designed to help stop the spread of coronavirus have meant that more and more food and retail outlets have been asking for contactless payments. If you’ve ever wondered how this tech works, it’s all down to NFC – an easy and intuitive technology that allows you to use your mobile phone for special purposes.

Still none the wiser? Read on…

Technology

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Cyber security experts are warning us to be extra vigilant online, as the panic caused by the coronavirus crisis has seen a surge in cyber crime and online fraud.

And while anyone who regularly reads our blog will be all too aware of the dangers posed by cyber attacks* – which can cause everything from mild irritation to a full-on international incident – did you know that hacks are graded on their severity?

The National Cyber Security Centre (NCSC) – the part UK spy agency GCHQ we’re actually allowed to have sight of – has drawn up new framework for ranking cyber attacks in an effort prepare ministers, agencies and law enforcement for a major attack.

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The coronavirus lockdown has seen a growing number of businesses relying on online trade, and this boom in ecommerce has seen a spike in sales of cyber insurance across the UK.

But what is cyber insurance? And why does your business need it?

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