Posts tagged " Software "

Credit Suisse fund invests in ‘employee Big Brother’ technology

August 30th, 2017 Posted by News No Comment yet

Big Brother is coming to a workplace near you… with a little help from Credit Suisse. The Swiss bank’s NEXT Investors Fund has taken a majority stake in Sapience Analytics, an Indian “people analytics solutions company” which “delivers unprecedented visibility into work patterns and behaviour in an organisation”.

Sapience’s technology allows bosses to automatically track the work patterns of employees by monitoring their use of PCs, laptops, tablets and mobile phones. That sets it apart from traditional work monitoring systems which require users to log their activity in time sheets.

Sapience’s tools are already being used by “leaders of over 70 major customers to make better informed decisions and improve operating efficiencies across their enterprises”, according to a note announcing the Credit Suisse investment, the scale of which is not being disclosed. “We are seeing rapid growth for Sapience in the US market,” said Sapience chief executive and co-founder Shirish Deodhar, adding that the group will move its headquarters to the US as a result of Credit Suisse’s investment.

NEXT Investors was originally used to make fintech bets on behalf of Credit Suisse’s investment bank, but moved under the group’s asset management umbrella in 2013 so the Sapience investment will be funded using client money, not the bank’s. Two Credit Suisse veterans – NEXT Fund portfolio manager Greg Grimaldi and senior advisor Frank Fanzilli – are also joining the Sapience Analytics board.

Interestingly, there are “no plans” for Credit Suisse’s direct employees to use Sapience’s tools to monitor their own workforce but they will be used by some third parties that do work for Credit Suisse.

 

Companies have been crippled by an attack dubbed ‘Petya’, the second major ransomware crime in two months.

June 28th, 2017 Posted by News No Comment yet

The malicious software has spread through large firms including the advertiser WPP, food company Mondelez, legal firm DLA Piper and Danish shipping and transport firm Maersk, leading to PCs and data being locked up and held for ransom.

The Petya ransomware takes over computers and demands $300, paid in Bitcoin. The malicious software spreads rapidly across an organization once a computer is infected using the EternalBlue vulnerability in Microsoft Windows (Microsoft has released a patch, but not everyone will have installed it) or through two Windows administrative tools.

The malware tries one option and if it doesn’t work, it tries the next one.

What should you do if you are affected by the ransomware?

The ransomware infects computers and then waits for about an hour before rebooting the machine. While the machine is rebooting, you can switch the computer off to prevent the files from being encrypted and try and rescue the files from the machine, as flagged by @HackerFantastic on Twitter.

“If machine reboots and you see this message below, power off immediately! This is the encryption process. If you do not power on, files are fine.

hackerfantastic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If the system reboots with the ransom note, don’t pay the ransom – the “customer service” email address has been shut down so there’s no way to get the decryption key to unlock your files anyway. Disconnect your PC from the internet, reformat the hard drive and reinstall your files from a backup. Back up your files regularly and keep your anti-virus software up to date.

Contact Microcomms for a free Security Audit and for information about anti-virus and anti-malware software.