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In our April technology news update, we cover cybersecurity growth programmes in the UK, MP's challenge social platforms on hate speech, Slack plans for IPO, NatWest's launches first biometric card, Microsoft's trillion market valuation and more!
A UK first for cybersecurity growth, millions using the same unsecure password and cyber attacks on businesses soar
20 scaleups join UK cyber security growth programme
Tech Nation, the UK’s leading network for tech entrepreneurs has announced 20 fast-growth cyber scaleups that have been accepted onto their first national cybersecurity growth programme. The 6-month Tech Nation Cohort is funded by the Department for Digital, Culture, Media and Sport, with the aim to help to accelerate the growth of the UK’s most exciting cyber security businesses.
(Tech Nation) 17/04/2019
UK Cyber Security Centre finds millions using 123456 as a password
When was the last time you updated your password? A new study has found that despite the increase of cyber-attacks over the years, millions of people are still using easy-to-guess passwords on sensitive accounts. Analysis by the UK’s national Cyber Security Centre (NCSC) found 123456 as the most widely used password on breached accounts.
Cyber attacks on businesses soar to 235 per cent this year
A new report finds the number of cyber threats to businesses has soared 235 per cent in the last year, with small businesses still the most at risk. According to the report by cybersecurity firm Malwarebytes consumer data is more easily available in bulk from business targets. Cybercriminals are using increasingly clever means of attack to get even more value from targets through the use of sophisticated Trojans, adware and ransomware.
Hate-speech still an issue across social platforms and work chat app slack files for IPO
MP’s challenge Facebook, Twitter and YouTube over hate speech on their platforms
UK MP’s expressed their frustrations at the social tech giants, with Facebook, Twitter and YouTube facing tough questions about why they still fail to remove hate speech from their platforms. Representatives of all three social platforms said they were improving policies and technology and increasing the number of people working to remove hate speech. However, despite repeated assurances that the social platform’s systems were improving, MP’s remained unimpressed.
Workplace chat app Slack plans to go public
The workplace chat app Slack has plans to go public, after hitting 10 million daily users across more than 600,000 organisations. The public offering won’t raise money for Slack but it will allow existing shareholders to begin selling their stock. The chat app has reported a rapidly growing revenue of $400.6 million from $105.2 million over the past 3 fiscal years.
(The Verge) 26/04/2019
UK Tech at the centre of socially responsible tech and biometric innovation
New study reveals UK strength of ‘tech for social good’ companies.
According to a new study by Tech Nation, the UK is the global centre for socially responsible technology innovation. ‘Tech for social good’ companies were worth £2.3 billion in 2018 with a turnover of £732 million – much larger than the amount generated by the manufacture of consumer electronics in the UK (£634 million). The UK department for Digital, Culture, Media and Sport has partnered with the Social Trust to kickstart a fund of up to £30 million.
NatWest launches first biometric card for contactless
NatWest will be launching a trial with the first biometric card in the next few weeks, allowing shoppers to verify payments above the usual £30 contactless limit using their fingerprint rather than having to enter a pin number. The bank is working with digital security company Gemalto, Visa and Mastercard to bring the biometric service to users in the UK.
(City A.M) 11/03/2019
Microsoft updates and trillion market valuations and a new tech hub in Birmingham
Microsoft releases latest .NET Framework
Microsoft has updated its software framework with new and improved features with the release of .NET Framework 4.8. The new version includes an improvement of the JIT through bug fixes and code generation-based performance optimisation that was based on .NET Core 2.1. The update is available for Windows 7 Service Pack 1, Windows 8.1 and Windows 10.
(SD Times) 22/04/2019
Microsoft hits $1 trillion market valuation
Microsoft has seen it's stock market value top $1 trillion (£774bn) and is not the most valuable company in the US after reporting better-than-expected sales and profits. Microsoft is well known for its Windows operating system, but it makes more money from its Azure cloud services and Office software package.
The Economist set to launch new Birmingham tech hub
The Economist is planning to set up a new technology innovation unit in Birmingham, as it looks to boost in-house support for its digital services. The new site, which will be the companies first site outside of London and, comes as a growing number of businesses are looking to invest in the rapidly expanding tech scene in the West Midlands.
Upcoming tech events
TNW 2019 - 09/05/2019
TNW 2019 is a two-day festival that showcases industry-leading speakers, panel discussions, and workshops.
Mobile Growth Summit - 15/05/2019
MGS UK is a one-day, non-vendor conference which aim to help you to connect with and learn from mobile growth and brand marketing professionals.
Digital transformation Conference - 15/05/2019
The Digital Transformation Conference brings together leaders spearheading digital initiatives in their organisations to offer insights, education and case studies on what can be a confusing environment.
We Are Developers World Congress - 06/06/2019
The event serves as a networking opportunity between leading technology companies and the European developer community.
Eligo Articles and News
Tips to reduce stress at work
With April being Stress Awareness Month it’s a better time than any to promote mental health in the workplace. And with news that the economic and social cost of mental health problems in the UK amounts to more than £100bn every year and with around 70m work days lost due to sickness absence, companies can’t afford to ignore mental health issues in the workplace!
Our Technology news update regularly features supplier news, product launches, events, our own articles, and much more. Check back each month to catch up on the industry news affecting the Technology sector collated by our team of Technology consultants.
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