Tag: recruitment

The Risks of Login Codes Sent via Text Message

On April 19, 2021

In Blockchain, Chika Wonah, Digital, Internet of Things, Technology, Uncategorized

Two-factor authentication can seem very useful for securing your essential accounts from intruders. However, more and more hackers have been getting into accounts that use text messages for two-factor authentication. Look into these reasons why you should switch over the type of two-factor authentication you operate away from text messaging.

Routing Messages

When you’re holding your phone close to you, you might be thinking that an intruder will have to get into your phone by getting you to install malware. For the past couple of years, though, intruders have been more clever into how they get into mobile phones. They can do this by going directly to your mobile phone carrier.

The way they do this is by first finding some personal details about you. These can be as complicated as your social security number or as simple as the address you live on. From there, they call up your phone carrier.

Depending on the phone carrier, they can be easily convinced that you’re locked out of your mobile device, and you need your number transferred to a separate phone. Intruders can accomplish this by giving up their details and paying a small fee. If it goes successfully, an intruder will have full access to any phone calls or text messages coming your way, with no way to stop them until you’re able to call your phone carrier again. This all is why you shouldn’t ever use text messaging for your two-factor authentication.

Notifications

Sometimes, an intruder might not even be far away to the point where they can be looking at your phone screen in public. Depending on your mobile device settings, you might have notifications popping up with security codes on any screen of your device. Intruders can come up with a plan to get a security code this way.

For example, you might be live-streaming a game on your phone to the internet. Intruders will use this to their advantage by logging into your account online and checking your stream for when the phone notification appears. After that, they can log in to your account and do enough damage before you even have the chance to change the passwords on your accounts. Notifications are just another reason why you shouldn’t be using text messaging linked to your two-factor authentication.

2021 Cyber Security Predictions

By Chika Wonah

On February 15, 2021

In Blockchain, Chika Wonah, Digital, Internet of Things, Technology, Uncategorized

Many corporations have prioritized cyber-security amid the COVID-19 pandemic. PwC’s recent report shows that 96% of managers have changed their cyber-security techniques, and 40% of them claim that their digitization efforts have increased. Correspondingly, IDC anticipates that global security expenditure will increase by a compound annual growth rate (CAGR) of 8.1% during the 2020-2024 prediction period, reaching $174.7 billion in 2024. Similarly, Forrester’s 2021 cyber-security forecasts indicate that funding for cyber-security companies whose headquarters are outside the United States will rise by 20% in 2021. Analysis Mason also predicts that between 2019 and 2025, mobile device security will be the fastest-growing cyber-security category and will reach $13 billion with a CAGR of 17%.

In 2020, breaches became a challenging problem that was difficult to stop. For example, the U.S Depart of Health and Human Services (HHS) Breach Portal shows that in 2020, 436 breaches attacked healthcare organizations, affecting 17.3 million.

Here is a list of predictions that apprehend how cyber-security will advance in 2021:

1. In 2021, 55% of businesses will increase their cyber-security budget allocations, and 51% will hire more full-time cyber staff.

2. In The Next Three Years, the most dominant cyber-security technologies will be the Cloud Workload Protection Platform, Passwordless Authentication, and Posture Management. As Gartner’s Impact Radar for Security framework indicates, the Zero Trust Networking will have a significant impact within a period of one to three years.

3. Security services will be the fastest and largest growing security market sector, occupying half of the security budget meant for the 2020-2024 prediction period. The segment will also attain a CAGR of 10.5% in five years.

By 2021, cyber-security IT spending will reach a CAGR of 12% due to the drastic increase in cybercrimes, such as breaches, endpoint security attacks, phishing, and privilege access credential abuse.

Intellectual Property will be cyber criminals’ target in 2021.
The global cyber-security expenditure for small and medium-sized businesses will increase by 10% CAGR between 2019 and 2024, making this segment an $80 billion industry in four years.

4. Business cybersecurity spending will grow at a higher rate in four major industries- healthcare services and systems, financial and banking, technology and media, and social and public segments.

5. Improvements in AI and machine learning will contribute to 80% of devices’ capability to self-secure-and-heal, enabling IT to implement policies and remain confident that their data and devices are safe.

Many companies will struggle to reduce their vulnerability to cyber-attacks in 2021 and beyond.
Over the next five years, cyber-crime costs will increase at an annual rate of 15%, reaching $10.5 trillion per year by 2025.
Security vendors will continue to consolidate endpoint security in 2021.

In 2021, cybercriminals will devise new and innovative ways to attack personal devices to access corporate networks. While the COVID-19 pandemic has forced workers to work remotely, many organizations have not fully protected their employees. As a result, cyber attackers will exploit these gaps, leading to increased cybercrimes.

Technology’s Impact on Hiring and Recruitment

By Chika Wonah

On April 24, 2018

In Chika Wonah, Digital, Technology

Burgeoning tech has been laying claim to multiple industries from real estate to insurance, and more recently technology began to disrupt our hiring and recruitment tactics. In the digital age, it’s no surprise that how people find openings and apply for jobs changed. Now the vast majority start their searches online with sites like Linkedin and Indeed, but the actual interview process itself is also changing. Portfolios all take place online, interviews originally happen via video and personality diagnostics are standard.

One Way Interviews

Interviews are typically two-sided. A few business representatives interview a potential hiree, and while the hiree wants to impress the business, it’s also a chance to field questions and get to know each other.

Tech poses to change that with the rise of video interviews. As Dave Lee describes, “Traditional interviews with an interviewer and interviewee could go by the wayside, too. Rather than a two-way interaction, job candidates will upload video responses to interview questions. New technology will detect non-verbal cues such as those facial expressions and tone while eliminating human bias.” Brands like Red Bull already hopped on board with video interviews. This added step tests the applicant’s ability to think on their feet while also working through potential red flags or false starts eliminating wasted time for recruiters. Then, once the cream rises, formal interviews can take place. As Rajpreet Heir highlights, “Not only does digital interviewing allow candidates and employers to connect earlier in the interviewing process, it also saves time and money. A study by OfficeTeam revealed that 63% of companies are using video interviews vs. 13% from 2011.”

Analytics and Diagnostics

Personality diagnostics are also increasingly popular as an inexpensive means to gauge fit and placement within a larger company. As Chamanpreet Singh says, “Data is critical in the digitisation of recruitment. It allows you to determine the effectiveness of any strategy implemented and will enable HRs to develop future recruitment strategies based on the metrics and measurements received. This data will give an insight into channels that can work for your company which means cutting down on time and expenditure.”

Building a Business-Savvy Brand

It’s important to remember that if you can find them, potential recruits can also find you. As a result, recruiting in the digital age requires a larger emphasis on companies’ online brands. People want to understand the company culture they throw themselves into. Show personality, but also be sure the image you portray is accurate. Top talent is going to do their research, and if your digital presence is non-existent or inaccurate, they won’t want to work with you. As Rachit Jain says, “Building a healthy working culture and employer brand is getting more important day by day. But most importantly, employers and recruiters have to adapt and move to the modern recruiting technology faster.”