Archive for March 9, 2022

Inflation Drives Prices Over 10% In February YoY For Canadian Consumers: Salesforce

Posted in Commentary with tags on March 9, 2022 by itnerd

Salesforce today released its February Shopping Index Report which analyzes data from over one billion shoppers globally. As inflation drove higher prices, the report revealed that prices for Canadian consumers rose a dramatic 10.4% YoY in February while only by 4.4% globally YoY.

Overall, challenges including inflation, low inventory and supply chain management have impacted consumer spending in Canada creating new hurdles for retailers. 

Key Canadian Data – Salesforce’s February Shopping Index: 

  • Following a holiday season with modest growth, digital commerce sales in Februarydropped by 21% YoY in Canada, and decreased by 5% YoY globally.
  • Prices for consumers in Canada rose 10.4% YoY in February while globally prices increased by 4.4% YoY.
  • Product inventory in February shrank by -22% in Canada and -5% globally as retailers and consumers continued to grapple with supply chain issues and rising costs brought on by inflation.
  • Product categories with the highest price growth globally in February include:
    • Home, Furniture (21.8%)
    • Home, Appliances (17.9%)
    • Home, Dining, Art & Decor (11%)
  • Product categories with least price growth globally  in February include:
    • Active Footwear (1.3%)
    • General Footwear (.8%)
    • Electronics and Accessories (.5%)

 You can read more here.

HelpSystems To Acquire Alert Logic

Posted in Commentary with tags on March 9, 2022 by itnerd

HelpSystems announced today it has signed a merger agreement to acquire Alert Logic, a well-known leader in managed detection and response (MDR) services. Alert Logic works as a seamless extension of security teams, augmenting existing cybersecurity resources and technology to safeguard on-premise, cloud, SaaS, and hybrid infrastructures. The company’s MDR solution focuses on alleviating the intense pressure organizations face due to the increase in cyberattacks and the notable shortage of skilled professionals available to prevent and remediate them. Alert Logic will become a cornerstone of HelpSystems’ comprehensive cybersecurity portfolio.

Businesses of all sizes look to Alert Logic to establish a hybrid IT approach to meeting their cybersecurity goals and applicable compliance mandates. Alert Logic is the industry leader in MDR for cloud environments, with more than 4,000 customers and an extensive partner ecosystem around the globe. Its comprehensive coverage paired with human oversight enables organizations to meet key regulatory requirements, including PCI DSS, HIPAA HITECH, GDPR, Sarbanes-Oxley (SOX), SOC 2, NIST 800-171 and 800-53, ISO 27001, COBIT, and more.

Guggenheim Securities, LLC advised Alert Logic on the sale transaction; Kirkland & Ellis served as legal advisor.

Bill Splitting On Uber Eats Is Here

Posted in Commentary with tags on March 9, 2022 by itnerd

As pandemic restrictions lift and people begin to safely gather again and workers return to the office, Uber Eats has created three new features to help people effortlessly share meals together.

  • Bill splitting: Uber knows when people get together, they order meals through Uber Eats. They also know that they don’t always like the financial responsibility of footing the bill. They get it. Now, for the first time ever on the app, you can create a group order and split the bill. Once you (the host) select a restaurant, you can invite others to join the order and decide whether to pay for everyone or split the bill. 
  • Deadlines: Once a host creates a group order, they can set a checkout deadline that works best for their crew. Deadlines can be set up to seven days in advance, so everyone has plenty of time to get their order in. Hosts can ‘set it and forget it’ with auto-checkouts at the deadline, or opt to place the order manually when the deadline expires.
  • Auto-reminders: Say goodbye to constantly reminding people to place their order. Let Uber Eats do that for you! The app will remind everyone to get their orders in on time, so you don’t have to.

Fare-splitting in the Uber Rides app is a beloved feature, thus Uber is particularly thrilled to bring this common-sense functionality to Eats.

New Survey Shows That Canadians Want Greater Sovereignty Over Their Personal Data

Posted in Commentary with tags on March 9, 2022 by itnerd

A new survey1 commissioned by cloud service provider OVHcloud and conducted by Leger show that Canadians are becoming increasingly attentive to the way their personal data is handled, and most of them are opposed to it being stored outside of Canada. With the explosion of digital services and the growing importance of cloud solutions, Canadians were asked if they felt in control of their personal data. 8 out of 10 Canadians responded that they are concerned about its handling, especially when the data is stored predominantly by a handful of Web giants.

The survey also found that Canadians feel that the lack of targeted, standardized Canadian legislation governing the protection of personal information makes the concept of digital sovereignty – the degree of authority that a user has over her/his data and its processing – difficult to understand for them.

Canadians want control of their data

On the question of storage, the verdict of Canadians is clear: 78% of them refuse to have their data hosted outside of Canada. In the age of cloud computing, the question of data residency (where it is located and whether it is subject to be transferred internationally) gives rise to debate. Many organizations overestimate their cloud provider’s commitment to data sovereignty. While it is logical to expect a provider to respect the regulatory framework of the country where it is located, it must first and foremost prove that it is immune from extraterritorial legislation.

More than two-thirds of Canadian respondents feel constrained to use the services of the U.S. Web giants who have been able to implement their technologies and their rules, at the risk of locking users into an ecosystem of proprietary solutions (known as vendor lock-in). In turn, alternative models have emerged in recent years that rely on multi-cloud and the principle of interoperability between several solutions based on technological standards.

Greater awareness and transparency from Canadian government needed

In recent months, regulatory frameworks in Canada defining the protection of personal information have been strengthened. However, when asked about the latest privacy legislation, only 47% of Canadians say they trust the government. The delay in adopting the new federal privacy bill C-11 – titled the Digital Charter Implementation Act – may have something to do with this mistrust. Conversely, the adoption of Bill 64 in Quebec last fall seems to have had a positive effect, with 64% of Quebecers believing that their government is heading in the right direction to secure citizens’ personal data.

Inspired by the European regulatory framework, Bill 64 proposes to significantly raise the level of requirements expected from organizations in terms of transparency and consent. One of the key measures of Bill 64 is aimed at the supervision of cross-border data transfers, making it mandatory to assess privacy risks in the event of data transfers outside Quebec. 

However, despite a convergence of views between Canada and Europe on the regulatory front, Canadians seem to lack a reference point: twice as many of them would rather align Canadian legislation closer to an American model than to the European model. Tellingly, 50% of Canadians simply do not know how to define the Canadian regulatory model.

1 Léger survey for OVHcloud, “Canadians and digital sovereignty”, December 2021

2 Bill 64, An Act to modernize legislative provisions as regards the protection of personal information, passed on September 21, 2021

Guest Post: Nearly 90% Of Cyberattacks Worldwide Are Targeting Russia Or Ukraine

Posted in Commentary with tags on March 9, 2022 by itnerd

Russia’s unprovoked invasion of Ukraine has led to battles being fought not only on the battlefield but also in the digital world. While Russian hackers have a long history of state-sponsored cyberattacks, many white hat hackers and hacktivists globally are standing on the side of Ukraine and helping to fight cyber battles.

According to the recent findings by the Atlas VPN team, 89% of cyberattacks worldwide are targeting Russia and Ukraine. In addition, a significant amount of cyberattacks are directed at financial services businesses. Important to note that Distributed Denial-of-Service (DDoS) attacks made up 90% of all cyberattacks.

Cybercriminals launched 70% of cyberattacks on Russia. A total of 5 billion attacks were inbound to Russia on March 5th. Anonymous hackers declared a full-on cyberwar on Russia. As of now, they have already leaked government employee data and hacked Russian state TV channels.

Threat actors targeted Ukraine in 19% of cyberattacks. Just days before the war in Ukraine, Russian hackers brought down the websites of the Ukrainian Defense Ministry and the two largest banks with DDoS attacks.

Cyberattacks targeting the United States made up 5% of all threats worldwide.

Cybersecurity writer at Atlas VPN Vilius Kardelis shares his thoughts on cyberattacks against Russia and Ukraine:

“Cyberwarfare is becoming a reality as attacks are used to disrupt essential services. Hackers took control of banking, government, military websites, even TV channels to damage the usual operations of these entities. The battles in the digital world can have a significant impact on communications and propaganda distribution on both sides.”

DDoS attacks disrupt financial services

DDoS attacks were the most widely used threats by a large margin. DDoS attacks cause the victims’ service disruption by flooding the IT infrastructure with more requests per second than the system can process. Such attacks made up 90% of all cyberattacks globally.

The financial services sector stands out when looking at the most attacked industries. Banks and other payment processing companies suffered from 72% of cyberattacks worldwide.

Cybercriminals chose the business industry as their target in 21% of attacks. The computing and IT sector suffered from 2% of cyberattacks globally. All other industries accounted for 5% of attacks.

To read the full article, head over to: https://atlasvpn.com/blog/nearly-90-of-cyberattacks-worldwide-are-targeting-russia-or-ukraine