Finance sector cyber incidents soared by 1000 percent

The finance industry needs to spruce up its security act, according to Joe Collinwood, CEO at CySure (pictured).

Collinwood cited the UK’s Financial Conduct Authority (FCA) with incidents increasing from 69 in 2017 to 819 in 2018 – an increase of 1000 percent and said that in the technological age no business could afford to be underprepared when it comes to cybersecurity.

The finance sector regulator, the FCA, has recorded a ten-fold increase in cyber-crime incidents (i); however, across all sectors, more businesses are reporting being impacted by a cyber incident year-on-year. According to a recent report conducted by Hiscox (ii), there has been a sharp increase in the number of cyber-attacks this year, with more than 60 percent of firms have reported one or more attacks, up from 45 percent in 2018.

Zyxel introduces IP reputation filter

Zyxel released its cloud-based security service that, it claims, provides businesses with protection from an array of network threats.

Dubbed an IP Reputation Filter it comes with multiple layers of defence, user-friendly design, and access to an expanding database of malicious IPs from Webroot.

Nutanix makes changes to back-end rebates

Nutanix has overhauled how it issues back-end rebates and says its new system is more predictable and less complicated than before.

Nutanix EMEA channel and OEM lead Cyril VanAgt said: “The percentage of rebates we were offering our partners were not on par with what our competitors are doing. And some of our rebates were too complicated and unpredictable.”

Ransomware is a major MSP concern

A survey of more than 1,400 MSP decision-makers that manage the IT systems for small-to-medium-sized businesses (SMBs) found that ransomware remains the most common cyber threat to SMBs.

Datto announced the findings from its fourth annual Global State of the Channel Ransomware Report.

The report found that Ransomware attacks were pervasive. The number of ransomware attacks against SMBs is on the rise. More than  85 percent of MSPs reported attacks against SMBs over the last two years, compared to 79 percent of MSPs who reported the same in 2018. In the first half of 2019 alone, 56 percent of MSPs reported attacks against SMB clients.

Nutanix digitally transforms Science Museum Group

Nutanix has completed the UK’s Science Museum Group (SMG) has e first phase of its plans to build a hybrid cloud infrastructure, based on its Enterprise Cloud software.

SMG includes the Science Museum in central London, the National Science and Media Museum in Bradford, Yorkshire, the Science and Industry Museum in Manchester, the National Railway Museum in York and Locomotion in Shildon, County Durham.

Infinigate signs agreement with iboss

Infinigate UK, a specialist IT security, cloud and MSP distributor, has signed an agreement with iboss to distribute its range of cloud-based internet security solutions across the UK and Ireland.

Murray Pearce, Managing Director of Infinigate UK, said the decision to partner with iboss was an easy one as the outfit had “developed a disruptive cloud platform to secure internet access from any device, from any location, in the cloud”.

Cloudy Puzzel gives Rob Wiles a channel booster

Cloud-based contact centre software provider, Puzzel, has appointed Rob Wiles as Partner Channel Director.

In this role, Wiles will build a brand-new partner programme across Europe, to fuel the company’s glorious three year growth plan.

Wiles has held a variety of roles covering high touch sales, distribution and vendor channel management. He joins Puzzel from Unify, part of the Atos group, where he was VP Channel Sales – UK & Ireland. Prior to Unify, he spent time at ShoreTel before becoming Head of Channel at unified communications and managed service provider APSL.

Zuckerberg slams Amazon’s sky-high cloud price

Social networking king Mark Zuckerberg slammed Amazon CEO Jeff Bezos and Amazon Web services (AWS) for its soaring costs in cloud computing and data storage.

Zuckerberg’s remarks came during his speech at the Chan Zuckerberg Initiative, his philanthropic organisation that organised a seminar on the challenges in scientific research.

During the live-streamed discussion, Zuckerberg said one of the new challenges with cutting-edge research and start-ups is the high cost of computing services.

German Cancom snaps up Novosco

German reseller Cancom has written a cheque for Belfast-based MSP Novosco.

Cancom said the deal for Novosco would strengthen its UK presence and open up direct market access in Ireland for the first time.

Cancom, which has over 3,500 staff, said the “volume” of the acquisition is “approximately” £70 million.

Novosco was this year hit revenues of £55 million and has an EBITDA margin of around 17 percent.

Supply chain cyber security at risk without specialist CISO input

Chief Information Security Officers (CISOs) need to provide specialist cybersecurity knowledge to reduce risks of cyberattacks in the supply chain by becoming a critical component in the procurement of vendors, according to new research revealed by Cyber Security Connect UK.

For those who came in late, Cyber Security Connect UK is a cybersecurity forum that is held annually in Monaco during November.

Canalys puts Lenovo on top

Beancounters at analyst outfit Canalys showed that Lenovo is the supreme ruler of the PC market, followed by HP and Dell.But the analyst has warned market factors are sustaining a short-term boost that could wear off as early as Q1 2020.The end of Windows 7 support in January next year and the ongoing migration to Windows 10 is one of the current factors, along with seasonal inventory stocking ahead of the key Q4 holiday season, the outfit said.

Europe was hit by the Brexit effect with the ongoing political uncertainty being blamed for customers showing caution about hardware investments. As a result shipments came in at two  percent in EMEA for Q3, which was below the global average. Apple was the only vendor to see increases in the region.

Rushabh Doshi, research director of Canalys’ mobility services said: “The PC market high is refreshing. However, there is a limit to how quickly leading vendors can ramp production. Intel remains a key bottleneck, with pressure on its 14nm CPU supply not likely to see improvement until Q1 2020. However, the Intel CPU shortage provided leading PC vendors an advantage over smaller rivals drove HP and Lenovo to their best Q3 performance to-date.

“Going forward, leading vendors will have an opportunity to further consolidate the market and squeeze smaller vendors’ market share, if the Intel supply is not able to satisfy the spike in orders.”

At the same time research from Context showed that consumers were driving demand for another hardware category, premium monitors, with home office users, gamers and creatives some of the key buyers.

Sales of monitors across Western Europe through consumer channels, retail and etail, continued to grow and were up by fore  per cent year-on-year in August.

 

 

 

MTI Wireless Edge scores second Chinese contract

Photo of China from satellite - Wikimedia CommonsMTI Wireless Edge scored its second new contract win within a week.

Through its wireless irrigation control unit, MTI Wireless has signed a contract worth over $3 million in China with an unnamed client.

The order is expected to be delivered in full within five years, and is the largest MTI Wireless has ever received.

Dudi Shani, the general manager of the Mottech Water Solutions unit, said: “We are delighted with this strategic agreement, which demonstrates a maturation of our business in China since our decision to open a local subsidiary and following the investments made in this region in recent years.

Resellers see digital transformation as a way to cuddle up

The What UK Resellers Really Think study from Westcoast has discovered that most resellers see digital transformation as a chance to get closer to customers.

Partners identified cloud services and machine learning as areas where they could make money in the next few year with more than half saying they were ready to act in the area for the next two to three years.

Westcoast found that the gap between understanding the digital transformation opportunity and being in a position to deliver it was one that distribution could help bridge. Its research found that 92 percent of resellers admitted to being more demanding of their disties than they were two years ago and many looked to their supply partners for customer insights, marketing advice and forecasts.