Business Now Mag

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  • Business Cornwall: Open Week at ‘resurgent’ Bolitho
    Bolitho School in Penzance is holding the first of a series of Open Days next week.
  • BBC Business News: German shoppers' confidence 'dips'
    Confidence among shoppers in Germany has dipped according to a survey, amid worries over Europe's largest economy.
  • Business Cornwall: Video: Weekly news roundup
    Watch our weekly news video in association with Pirate FM.
  • BBC Business News: Black Friday spending moves online
    The Black Friday shopping frenzy has shown signs of moving online, analysts say, with no repeat of last year's chaos in some stores.
  • BBC Business News: VIDEO: India's first eco-house
    Prasanto K Roy spent about $500,000 on India's first certified eco-house in the capital Delhi.
  • BBC Business News: VIDEO: India's solar entrepreneur Down Under
    Indian CEO of Australian firm Euro Solar, Satish Patel, shares his plans to expand his business back home.
  • BBC Business News: VIDEO: 'Education is our gap in Angola'
    Africa's richest woman talks about the obstacles to economic growth in Angola.
  • BBC Business News: Anglo American leads FTSE 100 lower
    Mining shares drag the FTSE 100 lower, with Anglo American leading the falls after it said it would close its Drayton coal mine in Australia.
  • BBC Business News: Growth of 0.5% confirmed for UK
    The UK economy grew by 0.5% in the third quarter of the year, official figures have confirmed, dragged down by a widening trade gap.
  • Business Cornwall: Nalders appoints Band leader
    Cornish law firm, Nalders, has just appointed the youngest managing partner in its history.
  • BBC Business News: HSBC ends private banking in India
    HSBC closes its private banking arm in India, where the increasing number of wealthy individuals has led to intense competition for their business.
  • Business Cornwall: Holiday park investment
    After a successful season, Pentewan Sands Holiday Park is investing in 15 new holiday homes.
  • Business Matters: How do you solve a problem like Cyber Security?

    The recent TalkTalk cyber-security breach has brought the issue of security firmly back into the public’s psyche and has put both government and organisations on high alert. It seems that regardless of your vertical market, be it finance, technology or banking, the threat of a cyber breach is pretty much imminent. Only today I read an article which outlined that Britain’s Trident nuclear weapons system may be vulnerable to cyber-attack by a hostile state, according to former defence secretary Des Brown.

    So, despite the UK being one of the highest EU spenders on IT security, existing cyber security solutions are simply not good enough to stop malicious hackers and evolving threats. It’s little wonder why Chancellor George Osborne has pledged to spend an additional £1.9 billion on cyber security and has committed to the creation of a ‘National Cyber Centre’ to respond to major attacks on Britain.

    So, how do you solve a problem like cyber security? Well, the answer could well be to implement emerging deception technologies such as next-generation honeypots and decoy systems which, according to a new Gartner report entitled ‘Emerging Technology Analysis: Deception Techniques and Technologies Create Security Technology Business Opportunities’, could have a game changing impact on enterprise security strategies.

    Deception technologies are effectively tools which deceive attackers and enable the identification and capture of malware at point of entry. They misdirect intruders and disrupt their activities at multiple points along the attack chain by luring them towards fake or non-existent data and away from the organisations critical data.

    Let us look at a few of these technologies in greater detail:

    Honeypots—or software emulations of an application or server—have been around for a few years now. A honeypot works by offering ‘honey’, something that appears attractive to an attacker, who will then expend his resources and time on gathering the honey. In the meanwhile, the honeypot does an admirable job of drawing his attention away from the actual data it seeks to protect.

    Decoys are similar to honeypots and cause the attacker to pursue the wrong (fake) information. Many decoys act together to fill the attacker’s radar in a manner as to render it difficult for him to differentiate between real and fake targets.

    However, organisations are now looking for more active defence strategies that not only lure in attackers, but also trap them, confound them and track their activity. One such deception technology offers an emulation engine masquerading as a run-of-the-mill operating system. The ‘operating system’ contains ‘sensitive’ data that could be attractive to attackers, for example data labelled ‘credit card info’. The platform will lure the attacker in by allowing him to ‘hack’ this fake data and in turn start gathering information about his movements and the codes that he seeks to modify. This intelligence can then be shared with other security tools, such as intrusion prevention systems, to defend against the attack.

    A number of start-ups are designing various kinds of intrusion deception software that insert fake server files and URLs into applications. These traps are visible only to hackers and not normal users. An example of such a snare could be trapping hackers probing for random files by granting them access to bogus files that are a dead-end and merely keep leading them in circles towards more fake data. Or protecting the system against brute-force authentication by scrambling the attacker’s input so he can never get the password right, even if he does happen to type out the right code.

    Other technologies set up fake IP addresses on webservers that, on multiple attempts to hack them, will always present a deception to that user. Other companies set up virtual systems or computers that actually have no data on them, and are indistinguishable from other machines on the network. Repeated intrusion into and unwarranted activity on these systems make it easy to identify hackers. The hackers’ movements and methods can then be analysed, and the data fed back into other threat detection solutions and tools.

    Deception technologies therefore create baits or decoys that attract and deceive attackers, making it quicker for an organisation to detect a security breach. They increase the attacker’s workload and exhaust his resources. Certain solutions go beyond merely setting up decoys to also conduct forensic analysis on these attacks so the organisation can effectively defend its network and speedily mitigate security breaches. It may not be a ‘one size fits all’ answer to the cyber security conundrum, but it is certainly one more weapon in the organisation’s armory against hackers.

  • BBC Business News: China's stock market falls 5%
    China's Shanghai Composite share index closes down by more than 5% after several major brokerage firms announce they are under investigation.
  • Business Matters: China’s stock market drops more than 5%

    China’s main share index closed down by more than 5 per cent after several major brokerage firms announced they were under investigation.

    The Shanghai Composite index ended the day 5.5 per cent lower at 3,436.3 points – marking its biggest drop since August.

    Late on Thursday, it was announced that China’s securities regulator was investigating the country’s largest brokerage, Citic Securities.

    The firm is being probed over the possible breaking of market rules.

    Rival brokerage Guosen Securities is also being investigated, and shares in both Citic and Guosen fell by 10 per cent, the maximum allowed in one day.

    In addition, trading in China Haitong Securities was halted earlier on Friday as some reports indicated that the firm was also under investigation.

    Chen Xingyu, an analyst at Phillip Securities, told the AFP news agency: “The biggest reason for such a sudden drop today is because of regulator’s investigation of the top brokers. It has triggered a broader sell-off.”

    Market sentiment was already wavering ahead of a new batch of initial public offerings set to make their debut next week.

    Hong Kong’s Hang Seng index finished down 1.9 per cent at 22,068.32. The index fell 3 per cent over the week, its worst weekly performance for two months.

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