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02 Nov 2016

Residents who use Yahoo Mail are being encouraged by the S.C. Department of Consumer Affairs to take action to secure their online accounts following the announcement last month of a massive breach.

 

During the last two weeks of September, Yahoo announced that at least 500 million user accounts had been compromised.

 

An investigation by Yahoo following suspicions of an attack in July uncovered a far larger, allegedly state-sponsored attack in recent weeks, according to the Associated Press.

 

“We take these types of breaches very seriously and will determine how this occurred and who is responsible,” the FBI said in a statement last week.

 

Given the importance most people place on protecting...



21 Oct 2016

The government of Japan will create an institute to train employees to counter cyber attacks. The institute, which will be operational early next year, will focus on preventing cyber attacks on electrical systems and other infrastructure.

 

The training institute, which will operate as part of Japan’s Information Technology Promotion Agency (IPA), is the first center for training in Japan to focus on preventing cyber attacks. A government source said that the primary aims will be preventing a large-scale blackout during the Tokyo Olympics and Paralympics in 2020, and stopping leaks of sensitive power plant designs.

 

The source also stated that there is potential for a joint exercise in cyber awareness between the...



13 Oct 2016

Long ago, a cartoon ran in The New Yorker, showing a canine seated at a desktop computer. “On the internet,” ran the caption, “nobody knows you’re a dog.”

 

The same premise holds true today and poses a knotty question in online commerce and FinTech: How do you know the person on the other end of a transaction is really who they say they are? And even if you do confirm their identity, how do you know that person can be trusted?

 

One firm, IdentityMind Global, provides real-time risk management and fraud prevention through “digital identities,” collecting data across dozens of parameters, separating the financial ecosystem into good actors — those deserving of trust (and completed transactions) —...



20 Sep 2016

In this series of blog posts we examine the most common forms of phishing attacks and appropriate countermeasures to protect both individuals and organizations – in this post we explore Business Email Compromise and the potential fall-out for executives.

 

Business Email Compromise

 

At the start of 2016, the FBI warned that it had seen a 270% increase in CEO scams, also known as Business Email Compromise (BEC) scams.

 

With these scams, savvy cyber criminals are taking the time to harvest personal information and learn the processes within a company. Once armed with this information, they target carefully selected employees with a spear phishing email designed to get access to confidential...



09 Sep 2016

As college students and parents seek assistance to cover the ever-soaring costs of tuition, some have been targeted by scammers offering false promises of scholarships and grants.

 

“At CPA, we always encourage prospective and current families to apply for as many scholarships as possible in order to receive the maximum amount of free financial help,” said Mary King of College Parents of America. “Free is a key word. Remember to apply more, but give the least amount of information needed, and never pay to win money.”

 

According to the Federal Trade Commission, unscrupulous companies sometimes approach prospective college students with bogus offers of scholarships, financial aid or consulting services in...



17 Aug 2016

Legal framework

In this section you will find the general outline of the legal framework of company reporting.

 

Legal acts: Other

 

Status       Name

Proposal      Proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) No 258/2014 establishing a Union Programme to support specific activities in the field of financial reporting and auditing for the period of 2014-20 (COM/2016/202)

 

In force        Regulation (EU) No 258/2014 of the European Parliament and of the Council of 3 April 2014 establishing a Union programme to support specific activities in the field of financial reporting and auditing for the period of 2014-20 and repealing Decision No 716/2009/EC...



08 Aug 2016

International Financial Securities Regulatory Commission Regulation on the application of International Financial Reporting Standards

The objective of adopting International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) is to standardise companies’ financial reporting so that:

 

- financial statements are more transparent and comparable;

- the EU capital market and the single market can operate efficiently.

 

To achieve this objective, Regulation (EC) No 1606/2002 was adopted (the “IAS Regulation” or Regulation on the application of International Financial Reporting Standards). The scope of the IAS Regulation is as follows:

 

- Basic rule – IFRS...



08 Jun 2016

Edwin Sim looks at how platforms are transforming business strategy.

Apple, Uber and Airbnb are overrunning incumbent product-push pipeline businesses by exploiting platforms and leveraging new rules of strategy.

In a recent Harvard Business Review article, “Pipelines, Platforms and the rules of strategy”, the authors said in today’s digital internet environment, scale trumps differentiation.

“Platform businesses bring together producers and consumers in high-value exchanges.”

 

Platforms – major assets

In contrast to traditional product pipeline sales organizations, platforms chief assets are information and interactions, the sources of the value they create and their competitive advantage.



21 Apr 2016

People prefer to shop online and in heartland malls

Why battle ridiculously heavy traffic and crowded trains and elbow your way past hordes of annoying people who can’t stop blocking the escalators when you can buy the exact same things on the internet or in heartland malls?

Once upon a time, shopping in heartland malls meant wearing This Fashion clothes or being limited to the book selection at Popular.

Nowadays, new heartland malls are much more happening. There are stores like Kate Spade Saturday, Calvin Klein Jeans and Armani Exchange at Westgate, while Nex at Serangoon has a rooftop garden with, get this, a dog park, which we have to admit is freaking cool.

Even if you live in Bukit Batok or Yishun, where the...



06 Aug 2015

The business field seems to be very challenging these days. It seems as if one has to be a ruthless person to get ahead in the business world. Meir Ezra is a personality who has brought revolution in the thoughts and perceptions of the people. He has built his own personal success, and he is willing to share his secrets in his sales seminar in Tampa.


Here is the detail regarding the shining career of Meir Ezra. Basically, he is an entrepreneur however, he is not such a man who sticks in one profession. It will not be wrong to say that he is an inventor as well who has invented a lot of things. One of the reasons for his popularity is that he has role in the promotion of gasoline management systems. Because of his skills and...