A new release from Wikileaks has journalists sifting through the details to bring you the story. The initial reports were not correct that the CIA broke encryption in popular apps. Researchers have had time to look through the information and initial reports were based on assumptions. The good news is there is no mention of Signal or WhatsApp in any of the reported documents. For now, this shows the encryption strength in these apps. The real risk is the installation of key loggers or screen capturing software on a phone. Bypassing encryption would not be necessary to gain access to information if any government agency installed these tools. Business owners should be wary of any links received by email if they do not know the person sending them. Airport and border searches are also areas where someone may try to install monitoring software on your company’s equipment. If you are careful to avoid malware, then the risk of someone intercepting your Signal or WhatsApp conversations are relatively low for now.
The United States Geological Survey (USGS) forecast for 2017 says Oklahoma will face earthquake damage risk equal to California. The report is close to last year’s forecast which indicates a trend that is changing the region. The 2017 hazard model is the same as the 2016 report but includes an updated earthquake catalog. The 2016 forecast indicated a high hazard (greater than 1%) for Oklahoma-Kansas, the Raton basin (Colorado/New Mexico border) north Texas, north Arkansas, and the New Madrid seismic zone.
Experts believe hydraulic fracturing or fracking is responsible. Fracking involves injecting water and other chemicals at high pressure into the Earth to extract hydrocarbon resources.
The changes in the area are a reminder to risk managers that tornado is not the only major hazard. A Business Impact Analysis (BIA) is the first step in developing a complete Business Continuity Plan (BCP) that will prepare your small business for natural and manmade disasters. Our services team can provide BCP training and implementation to your company. Contact us today for a consultation.
President Trump called for a $20 billion increase in defense spending while cutting other programs. The defense sector rallied after the president made his budget proposal. Here is the market effect:
iShares US Aerospace and Defense ETF (ITA): +1%/day
SPDR S&P Aerospace & Defense ETF (XAR): +1%/day
PowerShares Aerospace & Defense (PPA): +0.7/day
iShares US Aerospace and Defense ETF (ITA): +8.2%/YTD
SPDR S&P Aerospace & Defense ETF (XAR): 8.7%/YTD
PowerShares Aerospace & Defense (PPA): 6.3%/YTD
SPDR S&P 500 ETF (SPY): 5.27%/YTD
The increase in spending will be bullish for the sector and the supply chain. 3rd or 4th+ party suppliers to the major defense companies will benefit from the increase. Is your small business ready? Now is the time to implement an ISO 27001 Information Security Management System or an ISO 28000 Supply Chain Security Management System to show your customers your dedication to protecting their business interests. We provide training and consulting services for many different ISO standards. Contact us today to discuss your goals and needs.
Some indices are lower than in previous periods but still positive. 19% of firms reported net hiring. 10% noted net layoffs. Survey respondents noted proposals by President Trump as a factor in positive assessment.
Verizon will purchase Yahoo’s internet business for $4.83 billion. Verizon is offering $350 million less than its initial bid. Both companies will share any future cost from the data breaches. Verizon will also waive its right to sue over allegations that Yahoo staged a cover-up of the breaches. The investment fund selling Yahoo will still be liable for penalties from the SEC and shareholder lawsuits. The sale price reductions are reasonable. Other breaches cost companies more than $100 million.
Transparency is the greatest concern for Verizon and the SEC. If Yahoo disclosed the event earlier the harm to investors may have less. Verizon’s bid impact would be less if it were known during due diligence. They instead had to react strongly to the news after due diligence. This proves that transparency is the best policy for all parties in the long run.
A strong compliance and ethics program is the foundation for businesses of all sizes. Business ethics is more than a slogan in a policy manual. The benefits of a compliance and ethics program are attainable without large programs built by even larger consulting firms. Leadership commitment to compliance and ethics is the first step. If the first step is inexpensive, why make the next steps expensive and complicated?
With a new year comes new resolutions. Perhaps you want to learn some new skills or you are planning to certify your organization to one of the many ISO standards or you are seeking new insights for your small business. We understand that time is money. Expensive and complex solutions are not acceptable. We will bring you news and how-to guides that inform and simplify your small business. We are sure you will find the information we publish to be useful. Our team is here if you need personalized assistance with a business challenge.