Category Archives: eCommerce

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Trust is #1 Tech Trend, not AI or Big Data!

Forbes reported that “businesses have pushed themselves into the manipulative practices that the modern consumer lacks trust in.”  The February 27, 2019 article entitled “The Biggest Tech Trend Of 2019 Isn’t AI Or Big Data, It’s Trust” included these comments: For the longest time businesses have been pushed to focus on impressions, unique visits, lowering … Continue reading this entry

WOW!! Cows are being milked by robots!

The New Times reported that “About 150 Jersey cows in the rolling terrain at Rivendale Farms in Bulger, some 25 miles west of Pittsburgh, wear Fitbit-like collars that monitor their movement, eating and rumination patterns. They are milked not by humans but by robotic machines.”  The January 13, 2019 story entitled “Robotic Milkers and an … Continue reading this entry

Arrest of three for DDoS-for-hire services may make your holiday season less chaotic!

The Department of Justice issued a new release about the arrest of 3 people who managed 15 Internet domains for “sites, which offered what are often called “booter” or “stresser” services, allowed paying users to launch powerful distributed denial-of-service, or DDoS, attacks that flood targeted computers with information and prevent them from being able to … Continue reading this entry

Great News for Texas, Apple announces $1B campus in Austin!

The New York Times reported that Apple “would build a new $1 billion campus in Austin, Tex., where it could eventually employ 15,000 people, amid a broader expansion that will create thousands of jobs in several American cities.” The December 13, 2018 article entitled “Apple to Add $1 Billion Campus in Austin, Tex., in Broad … Continue reading this entry

Spain creates new law to force declaration of Cryptocurrencies with 0.2% tax! reported that “The Spanish Ministry of Finance has drafted a bill aimed at clamping down on cryptocurrency holders using legal loopholes to avoid asset declaration laws.” The October 25, 2018 article entitled “Spain Set to Clamp Down on Crypto-Holders Flaunting Asset Declaration Laws” included these details about the draft bill: proposes the imposition of … Continue reading this entry

Wanna buy 4.2 million of Bitcoin? Just make a bid with the US DOJ! reported that a US$200,000 “…deposit is required to take part, with bidders needing to register their interest in the sealed bid auction by 31 October. The official bid for the bitcoins will take place on 5 November.”  The October 19, 2018 report entitled “Us Department of Justice to Auction off 660 Bitcoins” included a … Continue reading this entry

SEC enjoins an ICO for false claims!

The Securities and Exchange Commission (SEC) filed a “complaint unsealed yesterday alleges that Blockvest falsely claimed its ICO and its affiliates received regulatory approval from various agencies, including the SEC.” The October 11, 2018 press release entitled “SEC Stops Fraudulent ICO That Falsely Claimed SEC Approval” included these statements: According to the SEC’s complaint, Blockvest … Continue reading this entry

China infiltrated the US with tiny chips!

Bloomberg News reported that “The attack by Chinese spies reached almost 30 U.S. companies, including Amazon and Apple, by compromising America’s technology supply chain…”. The report entitled “The Big Hack: How China Used a Tiny Chip to Infiltrate U.S. Companies” and included these details: In 2015, Inc. began quietly evaluating a startup called Elemental … Continue reading this entry

Banks wary of Blockchain-based payment systems reported that while “blockchain-based payment networks could help eliminate central authorities and their accompanying fees for cross-border transfers, banks and other enterprises see risks.” The September 25, 2018 article entitled “Banks remain wary of blockchain-based electronic payment networks”included these comments from Fabio Chesini (Gartner research director for transaction banking): Using a new infrastructure rail … Continue reading this entry

Cyberattack on BA customers compromises 380,000+ credit cards!

Reuters reported that “British Airways was forced to apologize on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the most serious attack on its website and app.”  The September 6, 2018 reported entitled “BA apologizes after 380,000 customers hit in cyber attack” included … Continue reading this entry

G20 countries skeptical about cryptocurrencies & Blockchain reported that “crypto assets, which include cryptocurrencies, tokens, and ICOs, ‘raise issues with respect to consumer and investor protection, market integrity, tax evasion, money laundering and terrorist financing.’” The August 6, 2018 article entitled “G20 Countries’ Cryptocurrency Regulations Highlight Contradictory Blockchain Realities” included these comments: At the 2018 G20 international forum, finance ministers and … Continue reading this entry

iMac G3 and iPod helped save Apple from bankruptcy and now Apple is worth $1 Trillion!

The New York Times reported that “Apple became the first publicly traded American company to be worth more than $1 trillion when its shares climbed 3 percent to end the day at $207.39. The gains came two days after the company announced the latest in a series of remarkably profitable quarters.” The August 3, 2018 … Continue reading this entry

Bermuda, Malta or Gibraltar are great places to avoid cryptocurrency regulation!

The New York Times reported that “Now the race is on to become the go-to destination for cryptocurrency companies that are looking for shelter from regulatory uncertainty in the United States and Asia.” The July 29, 2018 article entitled “Have a Cryptocurrency Company? Bermuda, Malta or Gibraltar Wants You” included these comments: In small countries … Continue reading this entry

EU’s antitrust fine against Google is STUPID, STUPID, STUPID!

The New York Times reported in response to the EU $5.1 billion fine that “Google argued that the European decision was an attack on its ad-based business model. … The arrangement, the company said, lets manufacturers compete with Apple’s iPhones and iPads, by making phones and tablets of various designs and prices, while Google makes … Continue reading this entry

Do you like the idea that Facebook is increasing the use of Artificial Intelligence (AI)?

The Washington Post reported that Yann LeCun (Facebook’s chief AI scientist and an early machine-learning architect) said that “Facebook will dramatically accelerate its research into artificial intelligence, …in hopes of ensuring the social network doesn’t fall behind with the technology it will need to contend with Internet rivals and police its gargantuan audience.”  The July … Continue reading this entry

Now available for governments – IBM’s Blockchain as a Service (BaaS)! reported that “IBM fellow Jerry Cuomo told the House Committee on Science, Space and Technology on Wednesday that blockchain is “transformative” and said his company has engaged in more than 400 blockchain projects across a number of industries, including supply chain, financial services, healthcare and government.”  The February 18, 2018 article entitled “IBM sees … Continue reading this entry

Apple’s App Store a monopoly?

The Washington Post reported a 7 year old case will be considered by the US Supreme Court as to whether “Apple has “monopolized” the market for iPhone apps because it has total control over the games, utilities and other offerings that appear in its App Store.”  The June 18, 2018 article entitled “The Supreme Court … Continue reading this entry

74 arrested for Spearphishing (cyber fraud aka Business Email Compromise - BEC) for theft of +$16m!

The US Department of Justice announced the arrest of 74 criminals, including 42 in the US, who made millions “targeting employees with access to company finances and businesses working with foreign suppliers and/or businesses that regularly perform wire transfer payments.” The June 11, 2018 Press Release entitled “74 Arrested in Coordinated International Enforcement Operation Targeting … Continue reading this entry

Ransomware is #1 for Cyberinsurance claims! reported that more “…than one-quarter of cyber insurance claims received by AIG last year were the result of ransomware attacks, the largest percentage of any cyberattack type, according to the insurance giant’s 2017 cyber insurance claim statistics.”  The June 4, 2018 report entitled “Ransomware Attacks Topped List of Cyber Insurance Claims” included these concerns: … Continue reading this entry

GDPR means that EU is now the most powerful regulator of privacy in the world!

The Washington Post article highlighted the importance of GDPR in that it “underscored the extent to which the European Union has emerged as the most powerful regulator of Silicon Valley, stepping in where Washington has failed — or simply been unwilling — to limit some of the United States’ most lucrative and politically influential companies.”  … Continue reading this entry

Beware! Cryptocurrency investment schemes now the target of many state regulators

The Washington Post reported that “Securities regulators across the United States and Canada announced dozens of investigations Monday into potentially deceitful cryptocurrency investment products, the largest coordinated crackdown to date by state and provincial officials on bitcoin scams.”  The May 21, 2018 article entitled “State regulators unveil nationwide crackdown on suspicious cryptocurrency investment schemes” included … Continue reading this entry

South Carolina – First state to adopt a Cybersecurity Insurance Law!

The Charleston CEO announced that “Governor Henry McMaster signed the South Carolina Department of Insurance Data Security Bill into law today. South Carolina will be the first in the nation to pass a cybersecurity bill that requires insurers to establish a strong and aggressive cybersecurity program to protect their companies and their consumers from a … Continue reading this entry

Coming soon - Cryptocurrencies traded on Wall Street!

The New York Times reported that Intercontinental Exchange (ICE) which is the “parent company of the New York Stock Exchange has been working on an online trading platform that would allow large investors to buy and hold Bitcoin.”  The May 7, 2018 article entitled “Bitcoin Sees Wall Street Warm to Trading Virtual Currency” included a … Continue reading this entry

GDPR phishing scam directed at Airbbnb customers! wrote about a “new phishing scam capitalizes on the upcoming General Data Protection Regulation (GDPR) to trick Airbnb customers into sharing personal and financial data,…”  The May 3, 2018 article entitled “Hackers Leverage GDPR to Target Airbnb Customers” included these comments: Targets receive an email designed to appear as though it’s from Airbnb, addressing … Continue reading this entry