donderdag 12 januari 2017

Online Fraud Detection: Happy New Year! The Only Thing We Have To Fear Is The Lack Of Fear Itself


Every post you make, every breath you take, every search you make, they’ll be watching you. Every bit of information you have ever entered anywhere online is stored, collated and held. For the most part, we give this data over without even thinking about the consequences, assuming it is safe.

If you think you are protected, if you think you have taken every step to keep your data safe, if you think, just because you take all precautions possible, you cannot be attacked, you are wrong. In truth, unless you have somehow managed to have no data online (which if you are reading this would be next to impossible), youare at risk, you are exposed. As the former FBI Director Robert Mueller said in 2012 “There are only two types of companies: those who have been hacked, and those that will be.”

The internet has often been likened to the old American Wild West, with very few rules governing what goes on. However, in recent years this has begun to change. As technology has progressed, governments and corporations are slowly giving structure to the internet. A reappraisal of the modern online landscape shows it is clearly no longer bandit country but one governed by major forces be they nation states or powerful corporations. Much like the world itself. And like the world, it has a dark underbelly of thieves and criminals. However, unlike in the real world, where we have a system of law and order and locks to keep us safe, online we are completely exposed.

In 2010 a website called pleaserobme.com launched to brutally demonstrate the security flaws in social media. This website used publically available information on people’s locations, taken from Facebook, Twitter and other social media with geotagging to highlight when people were not at home. For example, if you lived in London but had recently announced your arrival at JFK Airport with all the family, chances are your house was empty and much easy to rob. The controversial site showed this with shocking results.

Now seven years on, the issue has not improved. Data is still easily available and not only could it expose your house to being robbed but your entire life could be stolen. There are countless examples of people losing nearly everything from online fraud, or from having their data accessed.

This level of risk exposure goes way beyond tech issues, though those do exist: it strikes at the very heart of how we live now so much of our lives are online.

Imagine waking up one day to realise your front door cannot be locked, there is a hole in your wall, the roof of your house is missing and it’s all your fault. Feel safe? I think not. The blunt truth is our online lives are as exposed as our physical one and we are living in houses with no doors. For the past few years we have been living through an age of wishful thinking, believing that we are safe or that cyber security problems are small and will be solved, and it will all work out in the end.

This wishful thinking comes down to an organisational mindset across governments and companies the world over, that treats technology as just another commodity. People are assuming that tech can be treated like everything else, what we ‘do’. The reality is that it is at the core of entire lives. It is what we are.

Until we achieve a shift in mindset that recognises this fact, and leads the world to act accordingly, the issue of cyber security exposure will never really be solved. As we make our way into 2017 we have not even started to approach the concept of being safe online. Our companies, our lives and our governments are exposed to terrifying risk, and ultimately it is all our own fault. By failing to adapt our awareness, change our assumptions and shift our thinking to the new world order we have left ourselves open to attack.

Only with such a shift can the problem of cyber security really be tackled. It is not a matter of resources, as Richard Bejtlich, Chief Security Strategist at cybersec company FireEye, once outlined; for $1 million a team could be assembled to hack any target. But $1 million wouldn’t be nearly enough for a company to protect against attack.

To reiterate, technology is such an integral part of our lives that the assumption it can be treated as an added extra, or something to bolt on, rather than at the very core has left us completely open to a catastrophe. This may never happen, but the clear and present danger will always be with us until our collective mindset changes.


Even if we are never the victims, the threat is always there. Even if we take all possible precautions, others will leave us open to attack. To quote the late, great Joseph Heller: “Just because you’re paranoid doesn’t mean they aren’t after you.” In 2017, I hope we realise they are after us and take the actions needed to become safe.

woensdag 4 januari 2017

GAC Group: Innovation News

GAC Group is an international consulting firm with expertise in R&D tax credits, innovation financing and international development.

You will find out below some information about opportunities to improve your access to public funding in Singapore, and a few tips to help you finance your innovation.

We wish you a pleasant reading!

PIC SCHEME

Enhanced tax deduction: it is time to prepare your claims!

Businesses claiming PIC enhanced tax deductions in their Income Tax Return will have until the end of November 2015 to submit their declaration via paper filing of Form C or C-S. Eligible businesses filling a Form C-S online will benefit from an extension of time until mid-December 2015. With less than one month left, get in touch with us and let us help you maximize and secure your PIC enhanced tax deductions now!

New online claim process for Cash Payout

To reduce processing time, IRAS has launched the PIC cash payout e-Services which allows applicants to e-file, check the status and view the notices of their PIC Cash Payout applications. It automates the processing of those applications (IRAS Annual Report 2014-2015).

PUBLIC FUNDING IN SINGAPORE

Capability Development Grant

The Capability Development Grant (CDG) from SPRING Singapore is a financial assistance programme that helps local SMEs develop capabilities across 10 development areas, ranging from:

• Brand & Marketing strategy Development,
• Business Excellence,
• Business Strategy Innovation,
• Enhancing Quality & Standards,
• Financial Management,
• Human Capital Development,
• Intellectual Property & franchising,
• Productivity & Improvement,
• Service Excellence, and
• Technology Innovation.

The grant defrays up to 70% of qualifying project costs such as consultancy, training, certification and equipment costs. It would allow companies to take on large scale upgrading projects in areas like increasing productivity, process improvement, product development and market access.

GAC EXPERTISE

Technical teams salaries claims

We have recently claimed several CMS and system projects for HR, Stock and Client data management within technology-oriented companies. We can assist you to claim in-house salaries and/or outsourced technical projects (in Singapore or abroad) related to the management of such data and a range of other IT developments you may carry out for the purpose of your business.

Internal trainings claims

Most of the taxpayers are claiming external trainings as it is straightforward and based on invoices. Do you know that you can also claim internal trainings?
When you have an in-house employee training other employees of your company, you are entitled to claim the salaries of the trainer for the time spent on delivering the training. There is a cap at 10,000 SGD if the trainer has no certification with WDA or ITE. GAC Group can work with you to prepare those claims in line with IRAS rules and regulations.

GLOBAL NEWS AND EVENTS

PIC Talk during the French-Singapore Innovation Days

GAC Group will give a talk about the PIC Scheme during the 6th French-Singapore Innovation Days from 11th to 13th November 2015. This 6th edition of the FSID will focus on 3 main topics: Internet Of Things (IOT), Machine to Machine (M2M) and Robotic.

Competitiveness and Innovation rankings


The recent Global Competitiveness Report 2014-2015 by the World Economic Forum is a comprehensive assessment of national competitiveness worldwide. Competitiveness, defined as the set of institutions, polices and factors that determine the overall productivity of a country are captured in 12 aspects which compose the Global Competiveness Index. Singapore is the 2nd most competitive economy in the world just after Switzerland.