What does Big Data really mean for the financial sector?

Big data has been a buzzword on the lips of business managers and CIOs for at least the last two decades. Every industry, from financial to medical and even local authorities, appears to be investing in ways to be a part of the modern information gold rush. But what does big data really mean for the banking and financial sector? …
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Meet the Two Guys Who Want To SPAM Your Voicemail

Scenario: you try to access your voicemail messages on your cell number and, instead of messages from people you know, the inbox is stuffed with telemarketing SPAM. That scenario is about to become a reality, if a recent petition to the FCC is ruled in favor of the petitioners. The petition asks the FCC to rule that …
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Why Ethereum is outpacing Bitcoin

While Bitcoin is currently trading at close to its all-time high, its dominance in terms of proportion of total cryptocurrency market cap is rapidly decreasing — ground largely given up to Ethereum. This shift is probably being driven by a few factors. While Bitcoin has been paralysed by indecision, Ethereum has raced ahead with technology that not only …
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Security firms warn of new cyber threat to electric grid

Two cybersecurity companies said they have uncovered a sophisticated piece of malicious software capable of causing power outages by ordering industrial computers to shut down electricity transmission. Analysis of the malware, known as Crash Override or Industroyer, indicates it was likely used in a December 2016 cyberattack that cut power in Ukraine …
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Inspecting Algorithms for Bias

Courts, banks, and other institutions are using automated data analysis systems to make decisions about your life. Let’s not leave it up to the algorithm makers to decide whether they’re doing it appropriately. ProPublica, a Pulitzer Prize–winning nonprofit news organization, had analyzed risk assessment software known as COMPAS …
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Quote of the Week

“Every real thought on every real subject knocks the wind out of somebody or other”
~ Oliver Wendell Holmes Sr., American physician and poet