A major hack of a financial services payments system could cost the world $3.5 trillion, Lloyd’s has found, as demand for cyber insurance booms. A “hypothetical but plausible cyber attack” would cause “widespread disruption to global business”, according to a scenario modelled by Lloyd’s together with the Cambridge Centre for Risk Studies. The US would […]
Avalara, Inc., a leading provider of cloud-based tax compliance automation for organizations of all sizes, has announced that it is partnering with Oracle NetSuite to help customers to streamline invoicing even more within NetSuite. NetSuite Electronic Invoicing, which is powered by Avalara, will allow organizations to increase efficiency, reduce costs, and address compliance with global […]
Oracle NetSuite today announced a series of new product innovations to help organisations reduce costs and run more efficiently so they can grow their top and bottom lines. The latest NetSuite innovations include both traditional and generative AI-powered capabilities across the entire suite; new field service management and enterprise performance management (EPM) solutions; and new […]
UK SMEs are investing nearly half of their annual turnover on technology to counteract rising costs and retain competitiveness. That is the findings of the latest Barclays Business Barometer and according to the bank’s research, the most innovative SMEs in the UK are spending 48% of annual revenue on technology, with 45% doing so to […]
Australia internet safety watchdog has slapped a A$610,500 ($386,000; £317,360) fine on Elon Musk’s X for failing to cooperate with a probe into anti-child abuse practices. It comes after Mr Musk in a post last November said that “removing child exploitation is priority #1”. The eSafety Commission criticised the firm’s “empty talk” on the issue. […]
Against a challenging economic backdrop and well publicised cyber-attacks, concerns about cyber threats amongst UK SMEs have risen significantly in the last year as they consider the impact on brand, reputation, and revenue. According to new research, nearly four in ten are more worried about cyber security threats than a year ago, with over a […]
The BBC has blocked the artificial intelligence software behind ChatGPT from accessing or using its content amid copyright and privacy concerns, after concluding that it was “not in the public interest”. The move brings the BBC in line with other content providers, including Reuters and Getty Images, which are trying to prevent AI from misusing […]
The digital landscape continues to evolve, mainly driven by the ceaseless march of technological innovation. Amid this ever-shifting landscape, ChatGPT, the artificial intelligence (AI) language model developed by OpenAI, has risen to prominence, outshining some of the most dominant players in the online ecosystem. In particular, data acquired by Finbold indicates that between June 2023 […]
The UK car industry has hit out over a lack of incentives for households to purchase a new electric car after sales dipped among private buyers last month. The Society of Motor Manufacturers and Traders (SMMT) reported a 21% lift in new car sales generally during September compared with the same month last year. It […]
The Competition and Markets Authority (CMA) has launched an independent market investigation into the £7.5 billion cloud services market in the UK, following referral from Ofcom, to examine and consider whether competition concerns are holding back businesses. The investigation aims to consider what can be done to improve the supply of these important services for […]