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Google Executives Noticed ‘Incognito Mode’ Failed To Protect Privacy

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Incognito Mode

Key Highlights

  • A federal judge in California is considering motions to set aside a lawsuit against Google.
  • It alleges the company misled them into trusting their privacy was being protected while using Incognito mode in the Chrome browser.

The lawsuit, filed in the Northern District Court of California by five users over two years ago, is awaiting a recent motion by those plaintiffs for two class-action certifications.

The first would cover all users of Chrome with a Google account who accessed a non-Google website that included Google tracking or advertising code and were in “Incognito mode.”

The second covers all users of Safari, Edge, and Internet Explorer with a Google account who accessed a non-Google website with Google tracking or advertising code while in private browsing mode.

According to court documents first uncovered by Bloomberg, Google employees joked about the browser’s Incognito mode and how it did not provide privacy. They also criticized Google for not doing more to offer users the privacy they thought they had.

A spokesperson for Boies Schiller Flexner LLP, the law firm representing plaintiffs in the class-action suit, said that as the plaintiffs are fighting Google’s cynical efforts to stall the production of relevant evidence, another hearing occurred on 11th October, which could have major consequences for the lawsuit. The plaintiffs’ motion for class certification was argued, and they are awaiting a decision.

US District Judge Yvonne Gonzalez Rogers will decide whether tens of millions of Incognito users can be grouped to pursue statutory damages of $100 to $1,000 per violation, which could put the settlement north of $5 billion. “Incognito” means to disguise or conceal one’s identity.

Privacy settings in web browsers are intended to remove local traces of websites users visit, what they search for, and the information they have filled out in online forms. In simple terms, privacy modes such as Incognito are expected to not track and save data about online searches and websites users visit.

Read our latest blog: Finance 101: The beginners’ guide to Decentralized Finance & Financial Systems

SAP BTP With Use Cases Back To Its Roots & Into The Cloud

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SAP BTP

Key Highlights

  • Before fifty years, the starting steps of a bit of startup called SAP happened mostly at its premises and mainframes of the customers.
  • The card punchers used in 1972 at ICI Germany are one of the past things.
  • But SAP’s close and trustful partnership with customers is still more than alive today.

With the design of particular, repeatable use cases on the SAP Business Technology Platform (SAP BTP), the company assists its ecosystem prepare for the next leap toward digital transformation and the move of businesses into the cloud.

What Is An SAP BTP Use Case?

A use case explains how customers can tackle a business challenge by leveraging SAP BTP. It has customer-proven, well-documented missions to help and assist the implementation journey of each customer on SAP BTP to help achieve the desired business outcome for business users, architects, and developers.

Innovation Work With Customers

SAP BTP combines data and analytics, artificial intelligence (AI), automation, application development, and integration in one unified environment. The platform focuses on enabling business scenarios and can provide semantic integration of business data, easy access to contextual data, and a harmonized experience across all cloud solutions from SAP.

SAP invites customers and partners to speed up their digital transformation by publishing different SAP BTP use cases, of which 10 will be featured at SAP TechEd in 2022. These repeatable, actionable use cases built on SAP BTP are displayed to customers and users to help benefit and learn from existing solution patterns developed for a specific business case.

They describe how to gain a specific business outcome and include detailed implementation guidance of SAP BTP, known as “missions,” in the SAP Discovery Center. They are publicly available and can serve as a starter package into the cloud.

Following the ambition of SAP to help the world run better, it is crucial to use community knowledge, benefit from the solutions that guide others, exchange openly, and learn from each other in the best possible way.

Also Read: Top 14 Ecommerce Trends Of USA In 2022

Jefferies Financial Group Analysts Reduced Earnings Estimates for SAP SE

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Jefferies Financial Group

Key Highlights

  • In a research note issued to investors on 26th October, analysts at Jefferies Financial Group decreased their FY2022 earnings estimates for SAP.
  • Jefferies Financial Group analyst, C. Brennan, predicts that the software maker will bag $2.80 per share for the year, down from their last forecast of $3.26.
  • The consensus estimate for the current full-year earnings of SAP is $2.80 per share.

Jefferies Financial Group also provided estimates for SAP’s Q4 2022 earnings at $0.88 EPS, FY2023 earnings at $3.61 EPS, and FY2024 earnings at $4.18 EPS.

Several other analysts have also responded to the stock. In a research report on 26th October, Cowen reduced their price objective on shares of SAP from $107.00 to $106.00.

Oddo Bhf cut their price objective on shares of SAP from €104.00 ($106.12) to €93.00 ($94.90) and set a “neutral” rating on the stock in a research report on 5th July.

Citigroup boosted their price objective on shares of SAP from €95.00 ($96.94) to €100.00 ($102.04) and gave the stock a “neutral” rating in a research report on 26th October.

Finally, in a research report on 22nd July, Deutsche Bank Aktiengesellschaft decreased their price target on shares of SAP from €120.00 ($122.45) to €115.00 ($117.35).

SAP Stock Performance

Shares of SAP stock opened at $97.71. The fifty-day simple moving average of the company is $85.89, and its 200-day simple moving average is $92.31.

SAP has a quick ratio of 0.96, a current ratio of 1.03, and a debt-to-equity ratio of 0.21. The organization has a market cap of $115.26 billion, a PE ratio of 32.57, a P/E/G ratio of 5.36, and a beta of 1.06. The company has a 12-month low of $78.22 and a 12-month high of $149.92.

Next Generation Of Phishing Attacks Uses Unanticipated Delivery Methods To Steal Data

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Phishing Attacks

Key Highlights

A specialist in secure access service edge (SASE), Netskope, has unveiled new research showing how cloud applications’ prevalence is changing the way threat actors use phishing attack delivery methods to steal data.

As per the Netskope Cloud and Threat Report, phishing details trends in phishing delivery methods like fake login pages and fake third-party cloud applications designed to mimic legitimate apps, the targets of phishing attacks, and where the fraudulent content is hosted.

Although email is still a primary mechanism for delivering phishing links to fake login pages to capture usernames, passwords, MFA codes, and more, the report shows that users are more often clicking phishing links arriving through other channels, including personal websites, blogs, social media, and search engine results.

The report also details the increase in fake third-party cloud apps that trick users into authorizing access to their cloud data and resources.

Phishing Comes From All Directions

11% of the phishing attacks alerts were referred from webmail services, like Gmail, Microsoft Live, and Yahoo. Personal websites and blogs, especially those hosted on free hosting services, were the most regular referrers to phishing content, claiming the top spot at 26%.

The report found two primary phishing referral methods.

  1. The use of malicious links through spam on legalized websites and blogs.
  2. The use of websites and blogs explicitly created to promote phishing content.

Search engine referrals to phishing pages have also become common since attackers are weaponizing data voids by creating pages centered around uncommon search terms where they can readily establish themselves.

The Emerging Field Of Cloud Computing Forensics

Examples identified by Netskope Threat Labs are: how to use specific features in popular software, quiz answers for online courses, user manuals for various business and personal products, and more.

Ray Canzanese, threat research director at Netskope Threat Labs, said that business employees had been trained to spot phishing messages in email and text messages, so that threat actors have adjusted their methods and are luring users into clicking on phishing attack links in other, less expected places.

Automation Is The Ultimate Cloud Security Tip

Digital Transformation: Here Are 11 Skills You Need To Succeed

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Digital Transformation

Digital transformation is the future of business. A study conducted in 2020 by Mordor Intelligence valued digital transformation at $263 billion and is projected to reach $767 billion by 2026.

Digital transformation can involve several things:

  • Process automation
  • A new website
  • An improved user experience
  • Migration to the cloud

But one should understand what skills are needed to achieve successful, company-wide change.

The proper Chief Information Officer (CIO) can make or break an organization’s digital transformation. It does not mean that the CIO does everything. It takes several disciplines to become a digital organization, and organizations require a leader who can pull them all together.

The most successful digital transformations are driven from the very top of the company with CEO-level leadership. However, CIOs stand just behind them as main players. Matthew Garthwait, CIO of healthcare technology management company Capital I, says that a CIO with the right blend of skills and approach can facilitate or, in ideal cases, accelerate digital transformation throughout an organization. In many situations, the opinion of the CIO is the most heavily weighted voice in a technology discussion.

Top 10 Companies Influencing Others With Their Work In 2022

11 Digital Transformation Skills That Matter

The person involved in digital transformation efforts must have a specific set of skills. The most critical capabilities for IT leaders driving digitization today include the following:

1. Self-assurance

It would be best if you had confidence in your abilities to pitch your enhanced role to the leadership. Many enterprises ended up creating roles such as Chief Digital Officer and Chief Transformation Officer because the CIOs were too timid and unsure of their roles. Hence, strengthening the emotional intelligence skill of self-belief is job number one.”

2. Digital Transformation Fluency

You do not do digital, but you become digital. You need to have a product management mindset and be fluent in digital behaviors and culture. It is a mindset shift toward becoming digitally fluent, failing fast, and instituting new working ways.

Workers must possess a basic level of digital fluency to implement digital transformation successfully. Digital fluency can range from a basic knowledge of Microsoft Suite to an understanding of cloud computing depending on the industry.

The necessity of this skill is company-wide. The need of digital fluency only raises at executive levels. The power lies with company leaders to possess and encourage digital fluency.

Digitally literate leaders will be better equipped to address the gap between executives and employees, be it regarding the perception of digital changes or simply the reality of data architecture caliber, which usually contributes to the failure of digital transformation.

3. Collaboration And Orchestration

In today’s world, the most successful IT leaders appreciate the value other business disciplines and functions bring to the digital table. They will have a hard time if they are not accustomed to collaborating on that level across their organization.

There is a need for a robust digital culture where leaders remain key actors and champions. It is highly essential than ever to bring multiple and even often dispersed stakeholders together for enhanced alignment and collaboration.

Collaborative processes will have to be skillfully facilitated while leaders also address and cope with critical ethical concerns.

4. Financial Strategy

While many companies view the IT function as a tactical cost center, digital transformation demands a deeper understanding of business objectives and IT ROI to advance. One of the most vital new skills is calculating ROI for strategic IT.

5. A Growth Mindset

A risk-averse one is a poor match for ongoing digital evolution. It must be adept at change and continual learning to serve as a leader and exemplar of continuous improvement. One who embraces and thrives on the change that digital transformation brings will positively affect the process.

6. Deep Domain & Business Process Knowledge

One who oversees digitization must understand the key drivers of the business. IT leaders must identify continuous improvement in processes, evaluate new operating models, and many more activities needed for fundamental business shifts.

IT leaders also need a comprehensive understanding of the business ecosystem of their organization since a full-scale disruption may impact partners.

7. Technology Translation Skills

IT leaders must also be able to translate technical jargon into business terms that matter to the C-Suite, board, and other essential stakeholders. In addition to technical experience, digital leaders must have robust business knowledge to drive strategy and align key stakeholders on shared objectives.

8. Strategic Vision

A digital transformation leader needs the foresight to architect a technology-enabled direction for the business. They need that vision to foresee where the business is/should be headed and how technology can help in this journey. With this, they can make a stronger case for getting involved in these business strategy decisions.

9. Customer Experience Expertise

Robinson says that the explosion of consumer technology has drastically changed expectations around tech capabilities and user experience. One must consider these expectations while also managing the more stringent requirements of enterprise technology.

10. Comprehensive Change Management

Never before have employees needed to change their work lives so drastically and rapidly. Digital transformation is an upheaval that can lead to fear, conflict, and turnover without the correct approach.

While change management skills have actually fallen to other functions and disciplines in the past, it is now important that senior IT leaders be well-versed and comfortable with change frameworks, communication, and management.

It is not a secondary workstream on the project plan or an HR-only responsibility. The success of the program depends on a leader’s ability to manage the change process positively.

Leaders need to facilitate this to instill a positive attitude in employees. Amplify your existing support structures of the organization, such as learning, training, coaching, and mentoring systems, and ask if you need new ones. It will also mitigate the employee frustration levels that usually come with the pressures of technological, process, and behavioral change happening at once.

11. Adaptability and An Eye For Alignment

One has to deeply understand the strategic necessity of digital transformation for their organization, and one must be able to use strategic management skills to adapt the transformation efforts based on feedback loops. Given the degree of uncertainty, feedback loops and adaptation are a must.

Apple VP Standardizes iPhones Will Shift To USB-C

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USB-C businesschiefsinsight

Key Highlights

  • Apple says it will eventually standardize around USB-C charging cables since it has no choice.
  • It follows a decision of the European Union EU to create a mandatory charging standard for small electronic devices.

Speaking at the WSJ Tech Live Conference, Greg Joswiak, Senior vice president of worldwide marketing at Apple, explained the position of Apple. His revelation followed the latest EU decision to require all manufacturers to use USB-C for charging small electronic devices such as iPhones by the end of 2024.

Apple already seems to have started moving toward the adoption of USB-C. iPads, Macs, and even the most recently introduced AirPods Pro 2 all make use of the interconnect. Apple is also visibly exploring how to make wireless charging an effective remedy for power despite the public failure of its AirPower attempt.

Joswaik explained that Apple continues to view the decision, no matter how well-intentioned, as a threat to future innovation.

Apple’s perspective seems to be that cables that can be detached from the power brick mostly solve the standardization challenge, as users can connect any cable to it. That almost makes sense in circumstances in which the bricks carry support for many interconnects, but the truth is most do not provide this.

According to the EU, disposed of and unused chargers account for around 11,000 tons of e-waste every year. Joswiak also pointed out that while trying to reduce e-waste by moving to USB-C, the EU may have increased it.

He noticed that over a billion iPhone chargers with Lightning connections had been sold so far, and all those cables will now presumably be taking that journey to e-waste stacks. Apple made the same argument in 2021 when the move would both increase waste and may also choke innovation. Joswiak said that over a billion people have Lightning already.

Hybrid Working Fails? 7 Challenges Of Hybrid Work

IBM Launches Diamondback Tape Library For Cloud Providers

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IBM

Key Highlights

  • IBM introduced an efficient, no-frills tape library for service providers and enterprises with extremely large storage requirements and concerns about security & sustainability.
  • This week, at the 2022 Open Compute Project Global Summit, IBM launched its Diamondback tape library.
  • This LTO-formatted offering offers up to 27 petabytes (PB) capacity in a single rack. The Diamondback features rapid deployment and self-maintenance.

Henry Baltazar, research director for storage at 451 Research, a New York City-based technology research firm, said that storage capacity needs continue to outgrow the budgets to store, protect and manage data. He added that tape might not sound like an exciting storage technology until customers consider the power bill and capacity needs.

Plug-and-play Capacity

Scott Baker, IBM’s chief marketing officer and vice president of IBM’s hybrid cloud portfolio, said that the Diamondback could offer fast deployment, 30 minutes or less. It comes without traditional tape library features like redundant parts or multiple robots.

One analyst described IBM Diamondback as a simple way to use tape that does not need hard-to-find expertise for setup or use.

Simplicity is both a strength and a weakness. Johnny Yu, research director at IDC in Needham, Mass, said that the service and cloud providers using Diamondback could only scale out or add another unit, which takes up more floor space. Instead, they might want to build on the library.

Data Protection & Sustainability

IBM also trumpeted two additional qualities that tape offers: cyber resiliency due to the physical disconnection of the backup and sustainability because it stores data offline.

Christophe Bertrand noted that shipments of LTO tapes increased sharply in 2021 due to tape’s ability to help combat ransomware by providing organizations with an air-gapped, immutable backup.

Bertrand added that tape is also energy-efficient since it does not consume power unless used and generates little heat that needs to be dissipated. He said density also plays a factor here, as the IBM Diamondback grants 27 PB of capacity in a small footprint, needing less power for that data.

For more updates on storage, click here.

Idrive CEO Promises Larger Channel Reach With Object Storage

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Idrive

Key Highlights

  • The storage industry is full of cloud storage providers, each trying to carve out its niche in a market characterized by commoditized offerings and ever-lower prices.
  • It features an eclectic mix of mature companies and hot startups, with some concentrated on providing just the raw storage.
  • In contrast, others offer various services, including storage-related services such as data backups and archiving and some non-storage-related services.

One of those vendors is Idrive, and a Calabasas, California-based company founded approximately 30 years ago as a provider of raw storage capacity and data protection. Idrive, which also provides a remote PC access technology called RemotePC, started providing raw cloud storage compatible with the ubiquitous Amazon Web Services S3 object storage protocol this spring.

While Idrive has grown mainly by offering its technology direct to end users, the company has a small but increasing indirect channel partner base. And with the introduction of its S3-compatible object storage service, that indirect focus is increasing, said CEO Raghu Kulkarni.

He said that partners could manage their users’ storage with full control of privacy and security. They can let end users have all the security controls, or they can manage things completely for their end users for ease of use. They can choose whichever approach they want based on their use cases.

While Idrive e2 object storage, like all Idrive products, is available directly to consumers, Kulkarni said the company incentivizes partners to bring it to customers as part of their service bundles.

He said that partners offer not just plain S3-compatible storage but also applications such as Veeam or Veritas, or others that work with S3-compatible storage behind the scenes. When they provide customer service, it’s usually a bundled service. And they can substantially have their margins on top of what they pay.

For more updates on storage, click here.

The Evolution of SAP S/4HANA Cloud

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SAP

Key Highlights

  • The evolving shape of the world currently means it requires an interacting economy to survive and thrive.
  • The novel ways of working, collaborating, and interacting transform how users operate and profoundly affect business.

With the integration of Microsoft Teams, SAP and Microsoft are thrilled to announce that they have come together to take collaboration in SAP S/4HANA Cloud to the next level, making it easier, faster, and more effective.

The shift to a hybrid working model in many companies makes collaboration tools and business process efficiency more critical than ever. Tools that support communication and remote work help in building a clear process across collaboration. They help business users to manage their daily activities in a work environment that is highly convenient, supported by collaborative enterprise resource planning (ERP) features in SAP S/4HANA Cloud.

With the latest SAP S/4HANA Cloud update, the preview of a collaborative ERP feature was released that allows business users in SAP S/4HANA Cloud to share links to live business data in Microsoft Teams chats.

People can get more done in less time and with fewer errors by minimizing context switching between various applications. Customers in the Early Adopter Care program are using a preview of the feature and are already leveraging efficiency gains in their production environments.

As featured at Microsoft Ignite, Satya Nadella spoke about their work together and planned to build even more collaborative features during his keynote.

Business users of SAP S/4HANA Cloud can share their most relevant business data using Adaptive Card-based Loop components in Microsoft Teams and Microsoft Outlook. The data in Loop components is always live and up to date, allowing users to take action and complete tasks while in their workflow.

Users can also embed SAP Fiori elements-based apps as tabs in Microsoft Teams to collaborate. With the next-level ERP collaboration, SAP S/4HANA Cloud understands this requirement to jointly determine the future of work and enable a frictionless enterprise.

For more updates on SAP, click here.

Investments In People Sustainability Results In Positive Business Outcomes

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Sustainability

Key Highlights

  • Research released and commissioned by SAP demonstrates that by focusing on the requirements of the people in their workforce, supply chain, and communities, organizations can drive positive results for their organization and the environment.
  • Over 86% of respondents trust that investment in people sustainability can drive positive economic and environmental sustainability outcomes.

Sustainability is defined by an organization’s impact on every part of its ecosystems, such as workers, supply chains, communities, and the environment. Less than one percent of current organizations are aligned with all 17 United Nations Sustainable Development Goals (UN SDGs).

As organizations increasingly change their strategies toward a triple-bottom-line approach concentrated on profits, the planet, and people, it is the last pillar that is intrinsically part of the other two despite being historically overlooked.

People make the decisions that impact our environment and design and execute the strategies that drive results and profits.

What Is People Sustainability?

People sustainability intersects employee engagement, empowerment, and corporate responsibility. It is defined as treating people within an organization’s workforce, across their supply chains, and in the communities where they operate ethically and fairly.

People sustainability needs to treat people and human potential as precious resources that must be supported and valued to drive resilience, agility and the future.

Focusing On People Sustainability Can Improve Overall ESG Metrics

New IDC research released and commissioned by SAP demonstrates that by focusing on the requirements of the people in their workforce, supply chain, and communities, organizations can drive positive results for their organization and the environment.

A holistic people sustainability strategy can assist organizations in improving their ESG metrics across all three pillars of people, profit, and the planet. The research found that over 86% of respondents trust that investment in people sustainability can drive positive economic and environmental sustainability outcomes.

The research found that employees of people sustainability pioneers reported higher employee job satisfaction and productivity were less likely to leave their jobs, and were more enabled to achieve their career goals.

For more updates on SAP, click here.