2018-10-27

Tech Review | Internet of Things Creating New Avenues for Cybercrime

graphic "Tech Review" ©2017 DomainMondo.com
Tech Review (TR 2018-10-27)--Domain Mondo's weekly review of tech investing news with commentary, analysis and opinion: Features • 1) Internet of Things Creating New Avenues for Cybercrime, 2) How China Went From Copying Tech to Cutting Edge, 3) Investing: The Week, Investing Notes, 4)ICYMI Tech News.

1) Internet of Things Creating New Avenues for Cybercrime

FT.com and Chubb.com video above published Oct 1, 2018: the Internet of Things (IoT) is creating new avenues for cybercrime. Cybersecurity practices in businesses vary from one company to another but just who is responsible for maintaining cybersecurity practices remains a big question in Cyber Risk Management and Cybersecurity.
SoftBank says there will be a trillion connected devices by 2025 and that "these devices, connected through the internet of things" will "generate $11 trillion in value by that time."-VentureBeat.com.

2) How China Went From Copying Tech to Cutting Edge

China's technology industry is developing into a serious rival to Silicon Valley, but there are political hurdles ahead. Bloomberg QuickTake explains how China's tech companies went from copycats to cutting edge, and why the U.S. government is crying foul. Bloomberg.com video above published Oct 16, 2018.

3) Investing
graphic: "INVESTING"  ©2017 DomainMondo.com
The Week: NASDAQ Composite -3.8% | S&P 500 Index -3.9% | DJIA -3%
The Market Sell-Off Is Overdone, This Is a 'Buying Opportunity'--Mikio Kumada, executive director and global strategist at LGT Capital Partners (domain: lgtcp.com), discusses the market sell-off and what to look out for in the future--video here.
Wall Street's Charging Bull
graphic of Charging Bull | DomainMondo.com
Investing Notes:

US: The party’s far from over for the U.S. economy, as Q3 GDP growth shows--GDP growth of 3.5% marks best two-quarter stretch in four years--a vigorous gain following a 4.2% burst of growth in the second quarter positions the economy for its best performance in 13 years. The last time the U.S. posted 3% growth for a full year was in 2005.

EU: Italy’s Debt Crisis--the European Union rejects Italy's budget--Italy has three weeks to revise its budget under the EU’s rules (Editor's note: don't hold your breath.)

China: policymakers in China have been left searching for answers to the trade war with the US because the domestic think tanks called on for guidance have provided “filtered information” to avoid offending supervisors--scmp.com.

Brexit: Lloyd's (lloyds.com) Chairman: "Our customers will be unaffected by Brexit."--CNBC.com video.

4) ICYMI Tech News:
graphic: "ICYMI Tech News" ©2017 DomainMondo.com
source: statista.com
  • Why Netflix $NFLX Is Selling $2 Billion of Junk Bonds--Bloomberg.com (video). Netflix will spend $18.6 billion on content, and forecasts $3 billion negative cash flow for 2018 and 2019, betting aggressive spending leads to more subscribers--NYTimes.com.
  • Lobbying: Amazon spent $3.63M on lobbying in Q3, up from $3.47M in Q2, as it seeks JEDI, a big Pentagon contract; Google spent $5.46M, up 30%+ YoY, while Facebook spent $2.82M--Bloomberg.com.
  • Verizon $VZ and Altaba $AABA have agreed to pay $50M in damages, up to $37.5M in legal fees, and provide credit monitoring for Yahoo users affected by Yahoo's 2013 security breach.
  • Facebook $FB is reportedly trying to buy a major cybersecurity firm. Meanwhile Oculus founder Brendan Iribe is leaving Facebook--Bloomberg.com (video).
  • Cloudflare Inc, is preparing an initial public offering (IPO) that could value the startup at more than $3.5 billion.
  • Google $GOOG $GOOGL will open source its firmware for Titan M, a Pixel 3 secure chip handling Verified Boot which also has its own isolated storage and RAM--wired.com.
  • Wealthfront, a digital wealth management startup will offer its automated financial planning tool (robo-advisor) for free by the end of the year.
  • Personal Tech Tip: "... if you always charge your phone at 25 percent, the battery will only work to its full potential for 500 charges ... opting to charging at 75 percent will give you up to 2,500 fully powered charges"--lifehack.org.

-- John Poole, Editor, Domain Mondo  

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