Thomas Cook’s credit risk exposure

The sad demise of Thomas Cook has not only had a devastating impact on its former 22,000 employees, but also on its creditors.

 

Inforalgo bolsters board

Harshad Pitkar, who runs a regulatory reporting and risk compliance consultancy in New York, and Alastair Brown, whose prior roles include CEO of Lombard Risk & CIO of RBS International Banking, join Mike Bagguley, formerly COO at Barclays International, as Board Advisors at Capital Markets data automation specialist, Inforalgo.

Atradius appoints Darren Power to its Northern Hub
Trade credit insurer, Atradius has appointment of Darren Power as head of commercial for the north.

Major Tier 1 expands use of Inforalgo

Capital Markets data connectivity and integration specialist, Inforalgo (www.inforalgo.com) is seeing a surge of interest in its pre-configured Tradeweb solutions.

Asia Report by Atradius 
Analyzing the risks and opportunities of trading within the Asia region is the subject of the latest economic report ‘The Atradius Country Report on Asia” by trade credit insurer, Atradius (www.atradius.co.uk)

 

Pensions discrimination ruling 

Following the news that the UK government is facing costs of £4 billion a year after being denied leave to appeal against a landmark ruling that pensions reforms discriminated against younger workers.

Repstor custodian brings Microsoft Teams under control   

The soaring popularity of Microsoft Teams confirms the intuitive way people want to be able to collaborate today– on projects, ideas, problem-solving and decision-making. 

 

Repstor Mobile transforms filing on the go

ECM software and matter management specialists, Repstor (www.repstor.com) has launched Repstor Mobile™ to bring bring easy, quick-file functionality to iOS and Android smartphone and tablet users from within their everyday mobile email tools. 

Prestigious appointment enhances Inforalgo

Capital Markets data automation specialist, Inforalgo  has announced that Mike Bagguley, formerly COO at Barclays International and a respected financial investment industry leader, has invested in the firm and joins as a board advisor.

Book Review - German Insolvency Code – Article by Article Commentary (Second Edition)

The German economy is expected to maintain solid growth for the foreseeable future, driven by domestic demand in an increasingly challenging external environment.

 
Addressing security issues

Secure Chorus and ISARA Corporation announce joint white paper ‘The Quantum Revolution: Security Implications and Considerations’ to address the security issues raised by quantum computing and introduces quantum-safe equivalents to replace current public key cryptosystems.

 
Password still top threat

​New research from the WatchGuard Threat Lab shows the emergence of the Mimikatz credential-stealing malware as a top threat and the growing popularity of brute force login attacks against web applications.

 
Road ahead for Automotive Sector

A new economic report by Atradius highlights that economic uncertainty has led to a 6% drop in new car registrations in the first half the year and a significant decline in investment; from £1.7 billion in 2016 to just £347 million in H1 of 2018. 

Pensions Regulator announces tougher approach 

The Pensions Regulator (TPR) has announced that schemes will face greater regulatory scrutiny under new sweeping plans.  

 
Security in the DDos battlefield

"Cryptocurrency is fast becoming the new DDos battlefield,” warns Lee Chen, CEO and Founder of A10 Network during a recent interview.  “This year we can expect cryptocurrency attacks to become bigger, more frequent and more sophisticated. 

Secure Chorus launches its Thought Leadership Platform

Cyber security not-for-profit membership organization, Secure Chorus (www.securechorus.org) has launched its  Thought Leadership Platform to raise awareness and understanding of current cyber security issues among business leaders across the public and private sectors.   

UK banks fail blind and partially-sighted customers, say report

Blind and partially-sighted customers of some of our biggest High St banks have been “locked out” of accessing their own money – ironically enough, thanks to banks redesigning their websites to be more user-friendly

 
Eastern Europe payments practices

Less businesses in Eastern Europe are offering credit to customers, according to the 'Atradius Payment Practices Barometer for Eastern Europe' a report by trade credit insurer.

New partnership with M-Files brings in new business for Repstor

the ECM adoption company, Repstor, (www.repstor.com) has announced a strategic partnership with intelligent information management solution provider M-Files and reports a series of new early customer wins. 

Phishing on the rise 

“Internet threats are faster and stealthier than ever, and companies are being left vulnerable for hours, days, or even weeks, as perimeter security devices have become increasingly too slow to stop these attacks

IOSCO seeks to protect senior investors

The report Senior Investor Vulnerability from the Board of the International Organization of Securities Commissions (www.iosco.org) examines the growing vulnerability of ageing investors to financial fraud,unsuitable investments and other risks, and identifies sound practices for enhancing their protection.

How to Scale Up your SME and maintain excellent standards

Organizational excellence really is a feasible goal for scale-up SMEs.  It’s created where people within a system are extremely good or outstanding at achieving their purpose – and that can happen at any stage of the business cycle, says Gary David Smith, CEO and Co-founder, Prism Solutions (www.prism.uk.com).

 
ICT sector braced for change

Economic research by top global trade credit insurer Atradius reveals major shifts in the landscape of the global ICT sector, driven by advancing technologies and changing market conditions.

MPs grill pension funds

Following the news that the UK's top pension funds are being grilled by MPs over how they manage financial risks posed by climate change, leading pensions lawyer Rosalind Connor,

Silobreaker streamlines threat intelligence work

Cyber threat intelligence work can now been simplified and streamlined using Silobreaker's latest brand-new user interface.

 
In-Memory Computing Key to Digital Transformation

In-Memory computing solutions empower organizations with the speed and scalability they need to deliver real-time, massively scalable applications for use cases in financial services, fintech, IoT, software, SaaS, retail, healthcare and more.
 

Wi-SUN Alliance grows

Wi-SUN Alliance (www.wi-sun.org), the global member-based association driving the proliferation of interoperable wireless solutions for use in smart cities, smart utilities and other Internet of Things (IoT) applications, has seen membership grow by more than 60% in the last year.

Stock market turbulence 

Stock market investors should not be spooked by the return of volatility on U.S. and global stock markets, and instead they should instead use it to their advantage.  

C-suite concerned over cybersecurity breach costs

For UK senior executives who admit their organisations have suffered at least one significant cybersecurity breach within the past two years, the associated costs of a breach are considered the most important consequence.  

 
Gartner Magic Quadrant for Savvius

Network performance is intertwined with the success of today’s digital business, so it is fitting that Gartner has named Savvius (www.savvius.com), a leader in actionable network visibility, to the 2018 Magic Quadrant for Network Performance Monitoring and Diagnostics.

Report shows Hybrid cloud usage

New 451 Research commissioned by NTT Com (www.ntt.com) in partnership with Dell EMC, by  reveals how hybrid cloud is really being implemented across 14 European countries, reveals that almost two-thirds of enterprise-sized firms said they have a strategy or pilot program for hybrid cloud in place.  

Steps to GDPR readiness

Right from the outset The General Data Protection Regulation (GDPR) seems like an obvious one, but many organizations simply will not adequately plan for the GDPR changes which come into force across the EU in May 2018.
 

New Talari SD-WAN platform

Small businesses can now benefit from a new SD-WAN scalable platform from Talari Networks (www.talari.com) with the launch of its E50 appliance that extends SD-WAN services to customers with small branch or home offices, and retail sites.

UK expansion for Nuxeo

Demand for its Content Services Platform that can be configured to meet complex information management needs and requirements is driving Nuxeo (www.nuxeo.com) expansion in the UK.

Macro-less document attacks rise

Total malware attacks are up by 33% and cyber criminals are increasingly leveraging Microsoft Office documents to trick victims and deliver malicious payloads, according to the latest Internet Security Report from WatchGuard Technologies (www.watchguard.com).
 

App delivers Spring Statement

MyFirmsApp’s (www.myfirmsapp.com) clients became the first to hear the Chancellor by app in real-time as Philip Hammond unveiled his first Spring Statement.

FICO Cybersecurity Insurance Dashboard 

In a first for a cybersecurity rating, FICO’s (www.fico.com) new Enterprise Security Score now includes an insurance dashboard that underwriters can use to model various risk scenarios, enabling better underwriting, pricing and portfolio decisions.

Barbican Insurance Group partners with FICO 

As cyber insurance is a relatively new class of insurance, underwriters have lacked historic actuarial data upon whc to base underwriting decisions.   To overcome this, Barbican Insurance Group will use the FICO Enterprise Security Score in underwriting decisions.

Cyber security professionals under spotlight

Cyber criminals and opportunist hackers are looking forward to a good Christmas as both end users and information security professionals become distracted and may let their guards down, says the not-for-profit industry body, the IISP (Institute of Information Security Professionals (IISP) 

Empowering Christmas party budgets

Last year at Prism (www. prism.uk.com) had a brainwave and decided to do a whole lot more with its Christmas party budget than simply put on drinks and a spread for the staff.

 
Rapid expansion for VIRTUS

Plans for London’s largest data centre campus near Stockley Park, has been unveiled by VIRTUS Data Centres (www.virtusdatacentres.com).

New data-centric management vendor

“It doesn’t seem that long ago where there were three main focuses on data security: hardware/application security, database security, and document management security,” explains Clive Longbottom, Founder  and Research Director – Business Process Facilitation at Quocirca (www.quocirca.com).

 
GDPR Fines 

Are you fed up with vendor scare-mongering about the challenge of complying with the General Data Protection Regulation (GDPR) and the huge fines heading your way?  According to Rob Bamford, Principal Analyst Business and Communications at Quocirca (www.quocirca.com

 
Implementing GDPR

Risk management and compliance solutions specialists, IT Governance (www.itgovernance.co.uk) has published the second edition of its popular book “EU General

Data Protection Regulation (GDPR) – An Implementation and Compliance Guide 
 

Organizations struggling with GDPR

An independent survey reveals 75% of organizations believe they will struggle to meet EU GDPR Regulations by the deadline. The survey, which polled

500 IT decision makers in the UK, Germany, France and the US also reveals that an additional 42% say that it's not a priority for their businesses.

Positive tone for UK economy 

In a series of key announcements today, the Bank of England has kept interest rates the same today, now at a record low rate. In good news for the UK

economy, the BoE stated that the latest economic figures are painting a “slightly stronger picture” than they thought. 

 
New security features for MFP

A new A4 colour multifunction printer (MFP) has been launched by OKI Europe

Equifax hit by data breach in US

Credit referencing agency, Equifax has announced that it has been hit by a data breach in its US operations when an authorised third party gained access to

Equifax data on as many as 143 million Americans.  

MyFirmsApp shortlisted for award

Accountancy practices can now get their own branded App enabling them to connect and communicate with clients ‘anytime, anywhere and on any device’ with the help of MyFirmsApp.

Meeting anti-money laundering directives

LHV, the largest domestic financial group in Estonia, will use the FICO® TONBELLER® Siron® Anti Financial Crimes Suite (www.fico.com/en/risk-compliance/tonbeller) for its customer risk scoring, screening, transaction monitoring and behaviour monitoring capabilities.

Knowledge is Power in Cyber attacks

As part of its commitment to improve the levels of understanding and professionalism in the face of a growing tide of cybercrime and attacks, the Institute of

Information Security Professionals (IISP) has launched a new Framework to expand on the established IISP Skills Framework.

Industrial control systems at risk

A lack of standards-based technical security testing is putting industrial control environments and critical national infrastructure at risk, says CREST (www.crest-approved.org), the not-for-profit accreditation body representing the technical information security industry, in its latest position paper, ‘Industrial Control Systems: Technical Security Assurance’.

Payment practices - quick tips

Whether it’s late payment, pay to stay schemes or balance sheet bonuses, small businesses are clearly still suffering at the hands of these unfair payment terms.

Unexpected UK inflation fall takes markets by surprise 

There were more surprises for the markets, as unexpected UK inflation data results from the Office for National Statistics (ONS) showed that the

rate of inflation in the UK has dropped from 2.9% in May to 2.6% in June.
 

Eurozone manufacturing sector sees huge boost in employment

The Eurozone manufacturing sector has seen a massive, 20-year record rise in employment, boosted by strong production growth and increased new

business according to the latest IHS Markit Eurozone Manufacturing Purchasing Managers’ Index.

New foundation course in incident response management

IT security specialists, IT Governance (www.itgovernance.co.uk) has developed a new training course on Incident Response Management (https://tinyurl.com/yb6w2u5p) to help companies comply with GDPR and the NIS Directive.

Staff awareness of Cyber threats

This year, a record 79 enforcement actions have been issued by the Information Commissioner’s Office (ICO), 47 of which are monetary penalties – already more than the amount in the whole of 2016 – including the largest fine on record in relation to excessive nuisance calls.

Secure networking with SD-WAN

Talari Networks has added free WAN optimisation services that run natively in the core platform, to the latest release of its resilient SD-WAN solution. It has also unveiled

a jointly-validated solution with Zscaler™ to help companies transform their hub-and-spoke network architectures to secure, direct-to-cloud connections.

 
Shocking truth of late payment revealed

The true scale of how much late payment is affecting British businesses has been revealed in a new survey from insurer, Zurich.

 
Innovus joins FICO partner program 

FICO and Innovus Consulting Services, an international consulting company for cybersecurity and digital transformation, have announced that Innovus has joined the FICO® Enterprise Security Score partner program

Empowering Business through IT

With so many easily accessible apps and services on offer with free, freemium and paid for versions of what looks startlingly like pretty much the same thing, how does a business owner, or IT manager for that matter, ever know what's actually going on under the bonnet of their tech?

Crowdfunding – it’s in the bag

It could be said that social responsibility and genuine ethics is the heart of crowdfunding, as ‘One To Watch’ designer brand, Beara Beara 

found out when it turned to CrowdCube to grow its business.

 
Varonis financial results rise

With software solutions that protect data from insider threats and cyberattacks continuing to be in great demand, IT security software specialist, Varonis Systems (www.varonis.com) has seen its revenue increase by 30% according to the company’s latest financial results.

 
UBS wins FICO Decisions Award 

UBS Card Center, which processes roughly 25% of the credit cards in Switzerland, has cut the amount of fraud write-offs per compromised card, stopped more fraudulent transactions and reduced false-positive rates using the FICO® Falcon® Platform 

Web application security

According to new findings by Context Information Security, Cross Site Scripting, Weak Authentication and TLS (Transport Layer Security) configuration

still account for over 60% of high and critical vulnerabilities in web applications.

In-Memory Computing Summit

Terry Erisman, Vice President of Marketing at GridGain Systems tells us why the In-Memory Computing Summit is so important for our readers.

Companies told to put pensions before dividends 

The Pensions Regulator has said that if dividend payments exceed deficit reduction contributions to a scheme, it will look more closely at whether the employer can
afford to – and should – pay higher contributions.

It’s hunting season for financial services…

The sun is shining and spring is in the air – must be ISA season again!” says Tony De Nazareth, founder of the Crowd for Angels (www.crowdforangels.com)

crowdfunding platform.

 
Plans for fourth London data centre

Responding to demand for hyper efficient, metro fibre connected, flexible and scalable colocation space, VIRTUS Data Centres , one of the UK’s fastest growing data

centre providers - and where the cloud lives in London – has announced the launch of its fourth facility.

WatchGuard acquires Datablink 

To build on the company’s portfolio of network and wireless security solutions, WatchGuard Technologies has acquired Datablink, to further

enhance its ability to make multi-factor authentication accessible for SMBs and distributed enterprises.

Continued demand for Data Centres

The need for hyper efficient, well connected, flexible and scalable space has led to Data Centre growth for one of the UK’s fastest growing data centre providers,

VIRTUS Data Centres.

 
ZoneFox releases version 3.2

IT security experts, ZoneFox  has added a much-requested feature to its ZoneFox software with the launch of ZoneFox version 3.2.  The latest version

comes with a Networking Dashboard and includes Network Monitoring capabilities to bring total visibility to files which are uploaded and downloaded

both within the organizational network and to sites on the internet.

 

Cloud security solution goes gold

In its mission to secure the agility and flexibility of cloud computing environments, WinMagic (www.winmagic.com) has become a gold partner on the Microsoft Azure

cloud computing infrastructure.

Social media becomes big recruitment tool at Prism

“As a growing employer of Millennials here in the North West, we here at Prism Solutions realise we must not only aggressively recruit this new generation of employees but use some creativity as well. It’s our goal to become known as a “destination employer” for these new recruits,” says Gary David Smith, CEO and Co-founder, Prism Solutions

Short, sweet statement soothes Sterling

 In Philip Hammond’s first Autumn Statement as UK Chancellor of the Exchequer, much hinged on what snippets about the health of the UK economy

were announced.  He was keen to demonstrate how the UK economy had “…confounded commentators at home and abroad…”  In a remarkably short

and sweet Statement, Mr Hammond committed to supporting and improving the UK economy, talking about plans to drive productivity and create “fiscal

headroom” to prepare “…the economy to seize the opportunities ahead.”

 

Italian Referendum could cause considerable currency volatility

Holding a referendum is looking like a poor political manoeuvre for Prime Ministers.  David Cameron was hoisted by his own petard over the Brexit vote

and Italian PM Matteo Renzi is in the same boat after a resounding loss in his referendum on vesting increased power with the Government. 

VIRTUS teams up with GCX

A new partnership between VIRTUS Data Centres (www.virtusdatacentres.com) and Global Cloud Xchange (GCX) (http://globalcloudxchange.com (GCX) will

see VIRTUS’ Cloud Connect Platform interoperate with GCX’s Cloud X Fusion ecosystem to provide seamless, latency-guaranteed connectivity to leading cloud

platforms for enterprises, carriers and media companies.


Disruptive technology comes to UK share trading with first commission free platform

A recent survey showed that 46% of Britons would love to invest in stocks and shares but don’t know how.​  Even when an investor is knowledgeable, traditional

channels are out-dated and difficult to use.  

Leading leaders - how to be a successful super leader

 "There comes a point for many leaders, when they find themselves leading other leaders. This requires a whole new skill set and ways of working as

they become Super Leaders guiding and inspire other leaders to deliver results though their teams,"  says Jean Gamester from Toastmasters International (www.toastmasters.org

Avoid writing off bad debt

While late or non-payment is well known to be adversely impacting businesses in many ways at present, one particularly disturbing trend lies in the proportion

of companies having to write off turnover as uncollectable.

How to create effective systems within your business

If you’re trying to get your business to break through to a whole new level of sales and productivity, then a critical component of that is setting

up effective systems. 

Eight Tips for Taming Terror: Transforming Presentation Nerves Into Confident Communication

 

Developing your ability and confidence to speak in public is probably one of the most valuable things you can do both for your self-esteem

and your career.  

Seven steps for a productive quarterly review

When was the last time you took time out for a detailed review of this year's business goals and plans? Was it only at the start of the year?

Or did you stop at the end of the last quarter to go through a strategic planning process?

From awful to amazing – how to create workshops that work

Most staff dread attending workshops. They believe they are going to be a waste of time and will deliver very little value.  But when done

properly, workshops can leave people feeling inspired and engaged. 

The changing world of business and how we need to adapt to thrive

In the 1990's, when PC's began to appear and email (and the Internet) became pervasive, the speed of business accelerated significantly.

It became much more of a team game. 

Outsourcing IT vs internal IT management 

As businesses start to grow they so often make the mistake of bringing non-core operational functions in-house.

How to stop meddling and get on with the job of leading your business

One of the ironies of organisational life is that the better you are at your specialism, the more likely it is that you’ll be moved up the organisational

ladder to a level where you no longer do it. 

What does it mean to have Business Skills in the 21st Century?

The structure of business has changed considerably. In the past there were those in the company with strategic roles who set policy, and there

were those who implemented them. Exercising good business skills was mostly a matter of following direction. 

Rediscovering collection time

Timing is everything when it comes to credit control.

Five questions that will add value to your bottom line 

In the quest for ever greater efficiencies, productivity and general cost saving, there are, according to Sarah Lewis M.Sc. C.Psychol, of

Appreciating Change (www.acukltd.com), a few key questions can open up new avenues to improve performance and profitability.

How to avoid being taken to an Employment Tribunal

Employment law can appear complex and tends to make managers nervous but according to HR expert Sue Ingram at Converse Well

(www.conversewell.com) and author of 'FIRE WELL' - it's actually, at its core, simple, straightforward and based on common sense.

Step away from the Lego

Unfortunately, it seems many people have come to equate 'team building' with 'doing creative or sporty activities with other members of the

team.  However according to Kate Mercer, co-founder of Leaders Lab  and author of 'A Buzz in the Building', these types

of activities do very little to build a team.

BullGuard Appoints Security Veteran Paul Lipman as new CEO
Internet and mobile security leader BullGuard (www.bullguard.com) has announced the appointment of security industry veteran Paul Lipman as CEO.

The Pen is Mightier than the Laptop

Research has produced the surprising discovery that micro enterprise in the UK is being driven by the humble pen and paper rather than

cutting edge technology.

IoT to shape future of insurance 

The ability to monitor, collect and analyse unprecedented volumes of real-time data from internet-connected sensors will allow the insurance industry to offer highly

personalised policies and make far more accurate calculations of risk, according to industry analysts at Beecham Research in a new

‘Internet of Insurance Sector Report’.

Payment reporting regulations

Following months of setbacks and delays, the government’s new payment reporting regulations are at long last set to come into force.
 

Easier car finance could contribute an additional £9.6bn to the UK automotive industry

A new study has found that easier car finance processes, and improved financial management technology could help inject an

additional £9.6 billion to the UK’s automotive industry. 

Greencore Group selects V1 software to automate invoice processing 

International manufacturer of convenience foods, has selected V1’s document management software.

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