Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for June 21st, 2017

AOS and IBM Developing Logistics and Transportation Solution Using IBM Blockchain, Watson IoT

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IBM and AOS — a Colombian company specializing in providing business solutions — today announced they are collaborating to create a solution to enhance efficiency in the logistics and transport industry throughout the country, built on IBM Blockchain and Watson IoT on the IBM Cloud.

Traditionally, supply chain transactions are completed manually, creating delays and a higher risk for recording error, which can cause differences between what was recorded and what was actually loaded.

By digitizing this process using blockchain and IoT, the relevant information is captured directly from the sensors placed on the trucks, and entered onto the blockchain, creating a single, shared repository that all authorized participants can access and which can only be altered with consensus from all parties.

With the solution, once the truck leaves the distribution point, an automatic message is sent to the customer, informing them about the load, weight and estimated time of arrival. If part of the delivery is returned, the invoicing can be automated depending on the actual load delivered.

Also, through the sensors located on the trucks, an information repository is generated using IoT and blockchain, which tracks all the exchanges, stops and transactions made by each truck and its respective load, from the distribution point to the final customer. This heightened level of transparency can help increase accountability between shippers and their customers, promoting the flow of business.

The new solution also integrates Watson IoT, designed to monitor what is happening with the trucks. For example, the solution captures the input and output weight to define available capacityas well as in which silo and which person will carry the load; and that data is also correlated to external information, such as weather, humidity, temperature and driver’s data, to estimate delivery time to customers.

You can learn more about IBM Blockchain solutions here.

Written by turbotodd

June 21, 2017 at 8:30 am

IBM & Ponemon Institute: Cost of Data Breaches Dropped 10 Percent Globally In 2017

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IBM Security has announced the results of a global study exploring the effects of data breaches on business.

Sponsored by IBM Security and conducted by Ponemon Institute, the study found that the average cost of a data breach is $3.62M globally, a 10 percent decline from 2016.

This is the first time since the global study was created that there has been an overall decrease in the cost. According to the study, these data breaches cost companies $141 per lost or stolen record on average.

Analyzing the 11 countries and two regions surveyed in the report, IBM Security identified a close correlation between the response to regulatory requirements in Europe and the overall cost of a data breach.

According to the 2017 Cost of Data Breach Study: Global Overview, “compliance failures” and “rushing to notify” were among the top five reasons the cost of a breach rose in the U.S. A comparison of these factors suggests that regulatory activities in the U.S. could cost businesses more per record when compared to Europe.

For example, compliance failures cost U.S. businesses 48 percent more than European companies, while rushing to notify cost U.S. businesses 50 percent more than European companies. Additionally, U.S. companies reported paying over $690,000 on average for notification costs related to a breach — which is more than double the amount of any other country surveyed in the report.

Some additional findings from the report:

  • By Industry, Healthcare Breaches Most Costly: For the seventh year in a row, healthcare has topped the list as the most expensive industry for data breaches. Healthcare data breaches cost organizations $380 per record, more than 2.5 times the global average across industries ($141 per record.)
  • Top Factors Increasing Cost of a Breach: The involvement of third-parties in a data breach was the top contributing factor that led to an increase in the cost of a data breach, increasing the cost $17 per record. Organizations need to evaluate the security posture of their third-party providers – from payroll to cloud providers to CRM – to ensure the security of employee and customer data.
  • Top Factors Reducing Cost of a Breach: Incident response, encryption and education were the factors shown to have the most impact on reducing the cost of a data breach. Having an incident response team in place resulted in $19 reduction in cost per lost or stolen record, followed by extensive use of encryption ($16 reduction per record) and employee training ($12.50 reduction per record). 
  • Positive Impact of Resiliency Orchestration: Business continuity programs are significantly reducing the cost of a data breach. The overall average data breach cost per day is estimated at $5,064 in this year’s study. Companies that have a manually operated Disaster Recovery process experienced an estimated average cost of $6,101 per day. In contrast, companies deploying an automated Disaster Recovery process that provides resiliency orchestration experienced a much lower average cost per day of $4,041. This represents a net difference of 39 percent (or a cost savings of $1,969 per day).

You can download the full study results here.

Written by turbotodd

June 21, 2017 at 8:24 am

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