Losing more than just data and money

Change is a constant, even so when it comes to Information Technology. What happens then, when the people managing it struggle to keep up with the rapid changes? Security threats and breaches lurk in the corner for those who are complacent.

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Quotes from a giant: Jack Ma

When Chinese E-commerce giant Alibaba Group sent shockwaves throughout the world with the largest IPO in US history, it also made Jack Ma, chairman of the group, an instant billionaire. Jack Ma’s perseverance through Alibaba’s first years allowed a seemingly fairy tale to be written. Rags-to-riches stories often speak of relentlessness and hardships. Jack’s story echoed these qualities too, and revolved around another element – Trust. During an interview with CNBC after the successful IPO, Ma said, “Today what we got is not money. What we got is the trust from the people,” validating Alibaba’s credibility.

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Protecting yourself: Social networks edition

Personal information, so ever valuable for the malicious ones – scammers, hackers alike, but treated lightly by most. A study by Carnegie Mellon University revealed that Facebook users shared more after tweaks to the social network’s privacy settings were implemented in 2009.

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Could you get me some iTunes gift cards?

Scam alert! Popular mobile messaging app LINE has been the target of hackers in recent times. Hackers typically pose as the user of the compromised account, then initiate chats with the available contacts. The 33 cases reported as of last month (October) cited the same tactic: scammers would request for iTunes gift cards from a convenience story, then send them a picture of the serial numbers. A man was even scammed of over $2000 worth of gift cards. More details of the report here.

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