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Category Archives: Economy

Over half of Fortune 500 exposed to remote access hacking

Axios – “Over a two-week period, the computer networks at more than half of the Fortune 500 left a remote access protocol dangerously exposed to the internet, something many experts warn should never happen, according to new research by the security firm Expanse and 451 research...According to Coveware, more than 60% of ransomware is installed via a Windows remote access feature called Remote Desktop Protocol (RDP). It’s a protocol that’s fine in secure environments but once exposed to the open internet can, at its best, allow attackers to disrupt access and, at its worst, be vulnerable to hacking itself

The Expanse/451 study found that 53.4% of Fortune 500 companies had an RDP exposure over a two-week period scanning for open RDP ports. The technical sophistication of the companies didn’t seem to have much impact on RDP exposures. For example, around 80% of hospitality industry companies and just under 80% of defense and aerospace companies had at least one exposure, even though defense and aerospace are among the most security-conscious sectors. Cybersecurity budget, either as a percentage of the annual budget or total spending, also had no consistent effect on exposure. By percentage of budget, 43% of companies in the lowest-spending quartile had exposures, compared to 53% of those in the top spending quartile…”

Artificial Intelligence, Finance, and the Law

Lin, Tom C. W., Artificial Intelligence, Finance, and the Law (November 4, 2019). 88 Fordham Law Review 531 (2019); Temple University Legal Studies Research Paper No. 2019-31. Available at SSRN: https://ssrn.com/abstract=3480607 “Artificial intelligence is an existential component of modern finance. The progress and promise realized and presented by artificial intelligence in finance has been thus… Continue Reading

Europe’s Unauthorized Immigrant Population Peaks in 2016 Then Levels Off

“Europe has experienced a high level of immigration in recent years, driving debate about how countries should deal with immigrants when it comes to social services, security issues, deportation policies and integration efforts. Among these recently arrived immigrants are many who live in Europe without authorization. Coupled with unauthorized immigrants who were already in Europe,… Continue Reading

Next in Google’s quest for consumer dominance – banking

WSJ via FoxNews: “Google will soon offer checking accounts to consumers, becoming the latest Silicon Valley heavyweight to push into finance. The project, code-named Cache, is expected to launch next year with accounts run by Citigroup Inc. and a credit union at Stanford University, a tiny lender in Google’s backyard. Big tech companies see financial services as a… Continue Reading

FedBizOpps migrated to SAM.gov Contract Opportunities

NextGov – ..but a slow site and data migration issues made for some disgruntled users. “The new website for posting federal market research and solicitation opportunities is now live on beta.SAM.gov … if you can get the page to load. The government’s longtime go-to website for contracting opportunities, Federal Business Opportunities, also known as FedBizOpps… Continue Reading

Chicago book returns surge 240% after city eliminates fines

AP: “Chicago public libraries have seen a 240% increase in the number of books returned since the city’s mayor eliminated overdue fines, according to a library official. Library Commissioner Andrea Telli testified at a budget hearing Wednesday, telling City Council members that abandoning the library fines policy has been instrumental in luring in both patrons… Continue Reading

Local journalism in crisis: Why America must revive its local newsroom

Brookings: “Thousands of local newspapers have closed in recent years. Their disappearance has left millions of Americans without a vital source of local news and deprived communities of an institution essential for exposing wrongdoing and encouraging civic engagement. Of those still surviving, many have laid off reporters, reduced coverage, and pulled back circulation. Over 65… Continue Reading

Business Roundtable Ranked How Well Apple, IBM, and Amazon Actually Serve Stakeholders

Fortune: “In August, almost 200 leading business executives—including Amazon CEO Jeff Bezos, Apple CEO Tim Cook, JPMorgan Chase CEO Jamie Dimon, and IBM CEO Ginni Rometty—made news headlines by offering a new definition for the purpose of a corporation that challenged long-held corporate orthodoxy. These chief executives, collectively known as the Business Roundtable, argued that… Continue Reading

LLRX October 2019 New articles and columns

Articles and Columns for October 2019 Blockchain: What Information Professionals Need to Know – Anna Irvin, Ph.D. and Janice E. Henderson, Esq. presented this comprehensive 64 page guide at the LLAGNY Education Committee Program on October 15, 2019. The guide is an multidisciplinary resource that includes: articles from law, business and finance journals, CLE programs/materials,… Continue Reading

How Much Would You Pay for a Houseplant?

The New York Times:  Four-figure price tags. Destination auctions. Yearslong wait-lists. Rare plant collectors aren’t messing around. “…Countless articles have attempted to unspool millennial motivations for loving plants: They’re a replacement for kids, a respite from urban cityscapes, a totem of climate anxiety, a life preserver to which one can cling in uncertain times, a… Continue Reading

Being a Law Firm Partner Was Once a Job for Life. That Culture Is All but Dead

WSJ.com [paywall]: “At the modern law firm, not all partners are created equal, and data and billings rule – “Four hundred of Kirkland & Ellis LLP’s top lawyers gathered in May at an oceanfront resort in Southern California to toast another banner year. Kirkland was the highest-grossing law firm in the world for the second… Continue Reading