Author: Paul Wallbank

  • Disrupting professional services

    Disrupting professional services

    As Irish immigrants, the founders of San Francisco payments company Stripe, John and Patrick Collison, know too well the difficulties of setting up a US based corporation.

    So the company establishing Stripe Atlas, a service to help foreign entrepreneurs set up their US presence makes sense and the payments services bundled into the package may also generate business for the brothers.

    The Stripe Atlas service also illustrates the challenges facing professional services businesses as the service automates many of the bread and butter tasks that were good earners for lawyers and accountants.

    Until recently it was thought those ‘higher level’ occupations would escape disruption, now it appears software will eat the professions as well.

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  • Thinking differently about Cyber Security

    Thinking differently about Cyber Security

    “I get quite frustrated with the cybersecurity industry” says Andy France, Deputy Director of Cyber Defence Operations at British Intelligence Agency GCHQ. “We have to think differently.”

    France was speaking at the Telstra Cyber Security Forum at the company’s Sydney experience centre yesterday where he outlined how organisations are rethinking about protecting their data.

    “What we haven’t realised is just like the Bronze Age, the Stone Age, the Industrial Age and the Internet Age, we have to think differently about what that means to in terms of security and privacy. We have to think differently about how we build systems.”

    The biggest problem France sees in the industry itself are the lack of skills to build those secure systems, a situation he believes is partly created by the sector’s credentialism gaining certifications is several orders of magnitude more bureaucratic than becoming a fighter pilot.

    In contrast the bad guys who France splits into five groups – script kiddies, hacker collectives, crime syndicates, hackers for hire and nation states – have no such concerns about certificates and accreditation.

    “You have serial collectors of letters after their names,” he states. “We’re putting an artificial bar against the people with the new thought processes that are going to help us address this problem.”

    “It feels like the criteria has been set up to create a nice little market so we can control day rates,” French says, “in a world where we’re screaming out for talent and need people to come along who are interested and challenged by the subject.”

    Apart from the trap of credentialism, the real concern for businesses and users should be the integrity of data in France’s opinion. We need to be certain information is accurate, a problem that will be exacerbated as businesses processes are automated around data streams being connected by the Internet of Things.

    France suggests three principles should underlie an organisation’s data defences; having systems in place to spot early indications of a problem, obey the five ‘knows’ and understanding your network.

    Understanding your network, what France calls the ‘defender’s advantage’, is the most essential task of all for someone protecting their organisation’s data. “Is someone knows your network better than you then that should be a criminal offense,” he states. “To get the defender’s advantage in place you need to understand your network.”

    “Technology in itself with not keep you safe.” French says and describes security as being subject to Pareto’s Law where most vulnerabilities are mundane background noise, “we need to have a balance where technology looks after the 80% and we have the people and processes in dealing with the unexpected 20%.”

    “It’s certainly not going to get any better,” French warns about the trends for cyber security in 2016. For most companies and system administrators it’s going to be a matter of being alert and having the processes in place to deal with the unexpected.

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  • Telstra’s five ‘knows’ of security

    Telstra’s five ‘knows’ of security

    Telstra, Australia’s incumbent telco, held their Cyber Security Summit in Sydney today looking at the issues facing organisations in protecting their networks and data.

    One of the recurring themes speakers raised were the ‘five knows’ that Telstra’s security people believe are the core of business security.

    Those ‘knows’ sound simple but in truth in they are hard to carry out in even a small, simple network;

    • Know the value of your data
    • Know who has access
    • Know where the data is
    • Know who is protecting the data
    • Know how well that data is being protected

    With these five rules we’re moving into Donald Rumsfeld territory of ‘known unknowns’. In most organisations the honest answer to these questions is “we don’t fully know”, some data that’s seen as irrelevant by management could be a goldmine for a competitor or malicious actor while a relatively junior staffer could be saving critical documents on an external drive or consumer cloud service with a weak password.

    Managing those knowns, or unknowns, is a tough task and one that needs to be tempered by realism.

    In truth no system administrator has full knowledge of their network, for organisations real security comes from having strong leadership, robust processes and delivering the products and services demanded by the public.

    Technology will help deliver those products and services while helping strong leaders implement robust process but ultimately a secure organisation needs good management, not better tech.

    From the cyber security point of view, Telstra’s forum had many useful thoughts and we’ll look at more aspects regarding security that came up in the sessions later in the week.

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  • Telcos enter the utility age

    Telcos enter the utility age

    That telecommunications companies are taking the back seat at the global Mobile World Congress as virtual reality hogs the limelight, it may be telcos are facing the fate their managers fear most – becoming a mere utility.

    Following the hype around virtual reality at the Consumer Electronics Show in Las Vegas last months, it’s not surprising this year’s Mobile World Congress in Barcelona has continued the theme.

    As Samsung and Huawei dominated the first day of the Barcelona event; Google, Facebook and a range of startups are also fighting to dominate a market estimated being worth $150 billion by the end of the decade.

    What’s notable though are how the telecommunications companies are missing in this field, having lost the battle for payments – its notable how little telco money is now being invested in fintech and blockchain companies while the banking industry pours money into the sectors.

    For the telcos, the industry that should be dominating Mobile World Congress, there seems to be very little promise in these technologies to their maturing revenue streams from their networks.

    While telcos are focusing on new handsets, data centres, intelligent infrastructure and media plays it seems they are increasingly missing key shifts in the marketplaces.

    Maybe what this year’s Mobile World Congress really tells us is the telcos are on their way to being utilities. Their executives may need to swallow some pride.

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  • Tough times for startup staffers

    Tough times for startup staffers

    One of the frequently reported things about tech startups is how well they treat their staff. The truth is not always so rosy.

    At Yelp staff get free meals, drinks and snacks but many of them barely earn enough to pay the rent. A now fired staffer wrote an open letter to the company’s CEO describing how tough she found working their call centre on a wage that left her destitute.

    Similarly Buzzfeed reports working conditions at Zenefits, last year’s hottest startup, are more akin to a boiler room than the nice, relaxed offices of places like Google.

     

    While we often portray tech companies as being enlightened workplaces, the truth is they can be as harsh as any other employer. The big question for those working for tech startups though is how long their benefits and jobs will survive as the current funding crunch bites.

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