If hackers can manipulate markets as easily as we've just witnessed, the market system should be considered broken until controls can be put in place to curb this kind of tampering.
@Andrew, thanks for the post. I totally agree with your opinion that hackers can manipulate markets. I think till we find some solution to fix this we need to suspend high frequency trading. It would be better to put circuit limits at every 1% or 2% so that rapid movements because of HFT can be controlled.
Andrew FroehlichFinancial Markets Are Overly Sensitive to Hacks5/16/2013 10:32:57 AM
I must say, it's a great opportunity for the Indian soil to use the Big Data for varied purposes. As per the surveys, we all know that certain barriers such as maturity of the big data tools or security is a huge hindrance. But, on the contrary if we see the advantages, they are immense. Talking about in the telcos, it could give a huge competitive edge to get over with the churn rate, and capture much more market as early as possible. Even with other fields, it possesses greater opportunities, but difficult to implement initially.
It's about time - healthcare, government, and educational institutions are notoriously slow in improving procedural operations and adopting technological innovations.
My insurance provider still requires a manual claim form to be filled out. I can't fathom how this is possible at this stage of the game. Electronic filing should not only be an option, it should be the norm. But it's one of those behemoth companies that won't change unless they have to and right now, they don't have to - its customers hands are tied and they really don't need to be responsive to their needs. If I had any say in it, I'd drop them like a hot potato based on their inadequate coverage alone, but my firm pays my insurance costs - like so many other working folks - so beggers can't be chosers as they say.
Susan NunziataHealthcare CIOs Can Ease Billing Pains4/30/2013 4:47:51 PM
@Pablo - Thanks for sharing, i like the virtual wallet concept than carrying cards everywhere I go. But I would like to see how mobile payments are linked to the payments systems. I'm sure there would be a charge for that.
Susan NunziataVisa & MasterCard Will Penalize Not Sharing Data5/3/2013 8:21:26 PM
Compared to banks, credit unions aren't actively looking for new technology, they're not evaluating the same volume of sales calls, and they're an afterthought to technology marketers.
Ivan, when I moved to MA two years ago, a friend recommended a Credit Union as her local financial institution, so I opened an account with them. Soon I realizaed my mistake: they didn't have a SWIFT code, their "two" ATMs were 15 years old, and their online banking was useless.
I believe the credit unions are a decent solution for people that only need basic banking, but digital natives need other features, and businesses -no matter how small they are- need better online services too.
Susan NunziataCredit Unions & the Buy vs. Build vs. Beg/Borrow/Steal Decision4/30/2013 9:41:37 PM
This is cool technology, but I still have to keep my wallet. Unless the system can handle all my cards, such as my driver license, insurance card, and membership card, and the officals think the electronlic driver license is valid.
AnandWhy Electronic Cash Might Work Now5/15/2013 6:18:41 AM
Great post Sara. I'm with you on that "no" vote. I'd add that alot depends on how you define "cyberwar."
If we think of it solely as an activity that occurs between two governments, like a traiditional war between countries, then I agree with you that it's highly unlikely any nation-state would want to see the global economy brought down.
Unfortunately, as we know all too well in the physical world, terrorism is a form of warfare, and it is not always perpetrated by a particular nation-state but rather by a group driven by their own dogma which can have persons in the fight from multiple nations. To me, terrorism falls squarely under the definition of cyberwar.
No disrespect meant to any CIO, CISO or anyone else involved in protecting financial markets, but nobody anywhere is ever truly safe when terrorism exists, whether we're talking about cyberspace or physical space.
HenrishaPoll Wrap-Up: Markets Not Safe From Cyberwar4/4/2013 4:51:52 AM
Google built NFC file sharing into Android 4.0 with a feature called 'Android Beam'. Once you turn it on in the settings (it's usually off by default), you can share contacts, YouTube clips, webpages, Play Store links to apps, and directions in maps or navigation.
Pablo Valerio2013 Could Be the Year of Mobile NFC3/28/2013 8:03:04 AM
@Technocrat: Exactly. Me too. Exactly again. :) Or like today, I was on my way to a meeting but then I just stopped at a café to have an ice-cream coffee and do some work first. You can always use your time when you have your laptop/tablet...
My mom had here username and password stolen and received a letter from the bank telling her to reset it. She complained that the bank doesnt do enought to protect her. I asked her if she lost and money and she said no. I...
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