Johan Potgieter, cluster industrial software leader at Schneider Electric Before the advent of Industrial Internet of Things (IIoT), Operation Technology (OT) was safeguarded against most cyberattacks. OT systems’ propriety nature, standards and hard-wired connectivity protected it against malicious attacks. Cyber threats and incidents are a major operating and business risk for every digital enterprise. In age the of digitisation, creating and executing a strategy that allows you to see, reduce, and respond to cyber threats and risks is critical for achieving your financial objectives. Now, we’re entering unchartered waters – the widespread integration of embedded devices and OT networks with corporate or IT infrastructure has created a new feeding ground for hackers. Every en...
One of the biggest challenges facing any CISO today is a term we call end user revolt – when users circumvent all security measures and protocols in order to do their jobs. When the business puts mechanisms in place to secure its infrastructure but these hinder users from being productive, users will always find a way around them. For example, if they are unable to copy a phone number from their email to WhatsApp for business purposes, they will simply forward the mail to their private email or a web application and copy it from there to get the job done. Typically, they are not doing this with malicious intent, but to make life easier. Not delivering what users need, or actively hampering their ability to work, inevitably leads to workarounds and Shadow IT, which raises security, budgetar...
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Although non-fungible tokens (NFTs) are most commonly known in the form of digital art, they exist in many other forms and represent much more than just art. In the creative industry, NFTs have been used by musicians such as Kings of Leon to release their latest album. In the sports industry, NFTs are created to record the highlights of major sporting events such as the NBA. In the consumer product industry, Nike, Gucci and many others are selling their digital branded products in the form of NFTs. A lot more real-world applications of NFTs are still to be explored and one of them is the digital publishing industry. The game-changing implications of publishing and promoting books with NFTs have already been discussed extensively by many. For example, the Alliance of Independent Autho...
Cryptocurrency bear markets destroy portfolio value and they have a dangerous tendency to drag on for longer than anyone expects. Fortunately, one of the silver linings of market-wide pullbacks is that it gives investors time to re-focus and spend time researching projects that could thrive when the trend turns bullish again. Here’s five areas to focus on when deciding whether to invest in a crypto project during a bear market. Is there a use case? The cryptocurrency sector has no shortage of flashy promises and gimmicky protocols, but when it comes down to it there are only a handful of projects that have delivered a product that has demand and utility. When it comes down to determining if a token should continue to be held, one of the main questions to ask is “Why does this project ...
Leal Brainard floated a potential future of coexistence of stablecoins and CBDC She said that UST’s recent de-peg calls for a robust regulatory framework It has been just over four weeks since the Senate approved Biden’s nominated pick for Federal Reserve vice-chair Leal Brainard. Following her confirmation Leal Brainard, who sits alongside chair Jerome Powell in regulating monetary policy, last Thursday gave her opinion on CBDCs and stable coins. In an appearance before the House Committee on Financial Services, the economist explored the various risks and potential benefits of a central bank digital currency (CBDC) and stable coins. Coexistence is an option Brainard defined that in the coming days, money will potentially coexist in a fragmented payment system in the US. She said th...
MasterCard VP Harold Bossé is bullish that crypto adoption will come to build on the millions who are already on board However, issues including cost, speed, and regulatory concerns must be addressed first to pull in the big players MasterCard’s vice president of product and innovation, digital asset and blockchain, Harold Bossé, has predicted that crypto adoption will grow into the future, but key challenges must be handled first. During a recent appearance at an Avalanche webinar – Powering Business with Blockchain, Bossé seemed unfazed by recent changes that have seen crypto markets plunge to the lowest levels all year. The MasterCard VP holds a confident stance that investors, executives and other participants in crypto are looking forwards to better days. Further, Bossé noted th...