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Tech: 4 Things To Expect in 2020 and Beyond

Technology continues to develop and impact how individuals, businesses and communities function. In 2020 cyber security will need to be front and center of every organization’s agenda and for good reason.

1) Cyberattacks Will Get Worse

Cyber breaches were all too common in 2019. The news flooded with stories of cyberattacks on schools, municipalitiescities and even big name private companies. If you think this is as bad as it gets, you’re wrong. In fact, cyberattacks are increasing against small businesses. Industry experts estimate cybersecurity incidents will cost businesses more over $5 trillion within the next five years alone.

The cost associated with cybercrimes are dangerous for businesses. Even worse, a business might not even know the totality of damage caused by an attack until years afterward.

That’s because cybercrime costs include not only stolen money or data, but lost productivity, reputational damage, and more.

Despite global spending in cybersecurity reaching $1 trillion by 2021, organizations admit feeling under-prepared to deal with advanced cyberattacks. We aren’t talking about a guy in his mother’s house trying to access files from his laptop. These are coordinated attacks organized by highly skilled criminal networks.

2019 Attacks on Banks are Attacks on Government

Financial Institutions were particularly popular targets because they have valuable information hackers can use or sell. As well as the indirect impact they have over governments. Governments rely on financial institutions for economic stability. In other words, if a banks are vulnerable, economies are vulnerable.

In February of 2019 several credit unions across the U.S. were hit by spear-phishing emails impersonating compliance officers from other credit unions. Fast forward to May, FirstBank, Colorado’s largest locally-owned bank, experienced a breach that resulted in the cancellation of many customer payment cards.

The most famous example of a breach this past year was the Capital One Data Breach. The bank announced the breach compromised around 100 million card holders after a software engineer hacked into its cloud server. Based on this, we can expect that these types of breaches will only become more frequent.

2) IoT Will Increase Vulnerabilities

And now, with Internet-of-Things (IoT) technology growing in popularity, security risks are only going to increase.  As a matter of fact, by 2020 it is estimated that approximately 20 billion devices will be connected to the internet.

A few months ago, a story broke about a family in Texas who had their Ring security camera hacked and the hacker used it to harass their children.

The Ring doorbell system is an example of Smart home, IoT devices and they are becoming increasingly popular.  By the end of 2020, projections state that 28 percent of total households will be smart homes. It’s speculated that this trend has to do with lowered device prices and market preferences. As IoT grows in popularity, property owners integrate smart devices into their homes.

Businesses are also getting in on the action. Business owners save energy costs with smart lighting, thermostats and sensors by regulating temperature and light according to the time of day.  Integrating smart devices means more data to store. In this case, developing security measures to protect this new data will become imperative. IoT, however, is only the tip of the iceberg.

3) Look Out for AI

Artificial Intelligence becomes more mainstream, we’ll see the deployment of AI based malware or phishing attacks in 2020. With AI technology, a cybercriminal can perform multiple attacks on a network with ease.

That’s because AI can learn to attacks by itself and increase its knowledge on its target. In the age of machine learning, AI malware may very well become among the most serious threats.

Another threat to look out for in 2020 is the use of Deepfakes. Deepfakes are media that replace an individual’s face with the likeness of another using advanced software. A malicious actor could superimpose the face of an employer onto their own and create a video requesting access to sensitive data, for example.

This technology’s main purpose it to proliferate disinformation and create confusion among its targets. As a result, cybercriminals are already using deepfakes to scam companies into relinquishing large sums of money.

Costs related to deepfakes will exceed $250 million in 2020.

4) Cloud is Taking Over

Public cloud services is set to grow 17 percent in 2020 to a total of $226.4 billion, according to Gartner, Inc. Moreover, the largest market segment in terms of growth will be Software as a service (SaaS). Gartner predicts further that  cloud based application services industry will be 143.7 billion by 2022.

This new decade promises rapid growth in smart technology, AI, and cloud software, but the more connected we become the more vulnerable we are. Cyber-attacks will increase and evolve as attackers adopt newer technologies to improve their effectiveness. Managed IT services will become more prominent as businesses migrate to a cloud provider for their data and IT needs.

Governments and businesses will have to make cybersecurity a top priority in 2020 to ensure their data and information isn’t stolen, used or sold on the darkweb.

For more information on how you can prepare for this new decade of cyber threats, IT consulting Miami, or cloud news visit our website or read our blog on how to keep your business safe against cyber attacks.

Logistics Industry Digital Transformation Cloud Technology

Cloud Based Logistics & Tech are Changing the Industry

The Present and Future of Logistics

The Logistics industry, like all others is going through a huge technological transformation. Cloud based logistics, social media, Internet of things and other innovations are moving logistics in a new direction. Logistics is the industry that all others rely on to maintain a thriving business. Moreover, things like transportation plays a huge roll in the supply-chain and logistics as a whole.

New digital technology is changing the way industries operate on a fundamental level. Increased connectivity with one another has also increased customer demand, created new buying habits, and created an entirely new industry, ecommerce.

As more and more companies begin to rethink the way they use technology, cloud technology is becoming a serious and viable option. From entertainment companies like Netflix to banks like Capital One and others are adopting cloud technologies to gain an advantage over their competitors who are still skeptical or who decide to move to the cloud later on.

Analytics

In the 21st century, data is the new gold. The amount of data generated around the world every day is vast and growing exponentially. In the US, the logistics of physical items involves integrating information, material handling, production, packaging, inventory, transportation, warehousing and even security. The data involved in the tracking of every process individually is staggering. Big data helps evaluate these large quantities of data to discover patterns, trends, competitor behavior, costumer preference and more in a way that is optimized for use.

The firms that can effectively use this data, analyze it and capitalize on the insights it gives will have a huge advantage over competitors. Currently, logistics companies are only using technology to get data from their database. But using that data to learn customer buying habits and competitive strategies is what will drive business.
That’s why logistics companies are working on projects that allow them to use this data. A shift to data-driven reports and operation makes fuel management, warehouse management and other processes easier.

Cloud Based Logistics

Cloud-based logistics tech incorporates resources from the various stages in the logistics process in real time. The executives can then share this information throughout their teams and coordinate actions accordingly. The cloud simplifies the process by creating a checkpoint system that allows you to check, evaluate, confirm and approve each part of the operation. If any issues arise at any point, you can respond to them as they occur. It also works to schedule and organize deadlines.

The evolution of cloud computing software has changed the way industries work. Software-as-a-service features of cloud computing, specifically when it comes to cloud-based logistics, means smaller scale companies can use technology on a pay-per-use basis, cutting costs. This is a benefit featured in a public cloud however, rising security concerns are making private or hybrid clouds more practical for logistics companies as a whole.

Public cloud servers are, by their nature, public and visible to the internet. This opens public cloud providers to a remote scanning by hackers looking for a vulnerability. That is why private and hybrid clouds are becoming more popular since they lack the vulnerabilities associated with public clouds.

Nerds Support, for example, is a hybrid cloud provider. That means we store partners’ data on secure private servers like a private cloud would, but we still use internet features to provide updates and applications, using the best aspects of both private and public. That being said, cloud technology is continuing to improve warehouse management, labor management, route optimization and more.  The supply chain quality of the cloud helps create a collaborative system of users. Data and information is shared in real time increasing response times and avoiding serious errors in the process.

Because cloud-based logistics uses applications and internal features to make in-real-time collaboration possible, resources are managed and distributed more easily. Separate hardware with different built-in apps are not necessary. All it takes is access to a single computer and an internet connection.

Cloud solutions changes and improves through time. On the cloud, a company can add new features and update applications for improved functionality. Cloud based logistics has a lot of practical tools to keep track of progress and organize future projects.

Cloud Solutions Logistics Quote

The Internet of Things (IoT)

This is an area where logistics stands out. Logistics companies were among the first to adopt and embrace an IoT strategy. Logistics companies that employ smart technology have reduced management complexities and faster ROI. Productivity is accelerating and IoT is opening up opportunities. Sensors are built into cargo ships, trains, trucks etc. , and connected to alarm systems that monitor and track the cargo. These sensors then transmit information to the crew, which allows them to assess risks and learn more about routes and hidden liabilities throughout the logistical process.

Radio Frequency Technology (RFID)

Like smart technology, RFID is not new but it’s still a popular and economical way companies are tracking their inventory. Tag sensors are placed on the product and radio waves are transmitted to and processed by the company. Now, logistics companies are using RIFD tags in their warehouses to monitor inventory. Like the cloud, its popularity has spread through other industries like theme parks and apparel companies.

Social Media

Everyone checks some form of social media on a daily basis. Social media is becoming the easiest way for companies to connect with customers and clients. Sending urgent messages, sharing industry news, and receiving customer responses is what has made social media beneficial for logistics.

In Conclusion

With increasingly useful and practical tools in development, new opportunities become available. All of this leads to shipment optimization, fleet specific planning, thorough, effective organization and financing, and more. What’s more, these technologies keep improving. It might be good to consider how these technologies could help your logistics company if you aren’t already using them.