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ThinkingPhones Becomes Fuze And Grabs $112 Million Investment Led By Summit Partners

Source: Tech News – Enterprise

Woman on phone in front of two big computer screens taking notes. ThinkingPhones, a Cambridge, Massachusetts, cloud service that offers messaging, phone service and video streaming, announced $112 million investment round today.
The company also announced it was changing its name to Fuze, which happens to be the name of the cloud video company it purchased last fall.
The round was led by Summit Partners with help from current investors Bessemer Venture… Read MoreThinkingPhones Becomes Fuze And Grabs 2 Million Investment Led By Summit Partners

CognitiveLogic Raises $3M To Help Enterprises Pool Big Data While Keeping Privacy Intact

Source: Tech News – Enterprise

circular maze DataSift made a name for itself as a company that took large unstructured datasets — such as anonymised firehoses from social media services like Facebook (and previously, Twitter) and ordered them in a way for enterprises and brands to get a better idea of consumer preferences and other insights. Now Nick Halstead, the person who founded and led DataSift but left the role in… Read MoreCognitiveLogic Raises M To Help Enterprises Pool Big Data While Keeping Privacy Intact

Digital Shadows Gets $14M To Keep Growing Its Digital Risk Scanning Service

Source: Tech News – Enterprise

data analysis research shutterstock UK cyber security startup Digital Shadows, which sells a SaaS service to businesses wanting to monitor and manage potential risks by keeping tabs on activity related to their digital footprint — has closed a $14 million Series B funding round, led by Trinity Ventures. As part of the investment, Trinity’s Fred Wang has joined the Digital Shadows board. Read MoreDigital Shadows Gets M To Keep Growing Its Digital Risk Scanning Service

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Why CFOs should spend more on cybersecurity

original link:  http://newsroom.cisco.com/feature-content?type=webcontent&articleId=1738657&source=The%20Network

It’s more than avoiding loss- it’s also about innovation.

There’s no question that CFOs are increasing spending on cybersecurity. While many are doing so in an effort to protect against threats, others also see cybersecurity investment as an opportunity to innovate.

As such, spending on cybersecurity becomes more than about using dollars to protect the business and “avoid loss.” It also becomes about addressing risk and innovation – thus enabling growth – within an organization.

More CFOs are viewing cybersecurity less as a “cost center” and more as a revenue generator.

See also: Security for the digital world

When asked how much they expected their company’s cybersecurity spending to change in the next 12 months, 41 percent of the CFOs recently surveyed by Cisco said they expect it to increase “significantly.” Another 46 percent said they expect it to increase “somewhat. When asked how much the availability of business benefit metrics would affect their decision to invest in cybersecurity, 38 percent of CFOs said they would be “much more likely to invest.”  Another 43 percent said they would be “somewhat more likely to invest.”

Going digital clearly fuels business opportunities within the private sector by connecting people, processes, data and things. But it also increases vulnerability to cyberattacks. Successful hacks disrupt business, erode consumer confidence and impact an organization’s reputation.

See also: The network is the security device

The Ponemon Institute’s 2014 Cost of Data Breach Study: United States puts the average cost for each lost or stolen record at $201, and the total average 2014 cost paid by organizations at $5.9 million for each data breach, up from $5.4 million in 2013. The surging costs are attributable to the “loss of customers following the data breach due to the additional expense required to preserve the organization’s brand and reputation.”

Steve Durbin, managing director of the Information and Security Forum, points out that while organizations can make sure systems are hardened and back up and running, that “trying to manage a reputation in the course of public opinion is tremendously difficult.”

There is growing evidence that digital-focused cybersecurity innovations and strategies can both neutralize the time and intelligence advantages hackers develop. Through digitization, organizations can also create significant business advantage for operational responsiveness, adaptability and learning, customer experience and loyalty, risk mitigation and overall competitiveness.

The CFO of a major airline recently shared his thoughts on the shift in perception about cybersecurity.

“Cybersecurity is really what makes your business model operational. Without that cybersecurity level you’re still in beta as a company,” “Cybersecurity is really what makes your business model operational. Without that cybersecurity level you’re still in beta as a company,” he said. “You need that operational layer that’s no longer mandatory. It’s no longer defensive. It’s part of your core business.”

In his opinion, cybersecurity going forward can help a company actually drive innovation.

“When they’re designing their business model around these operational elements they’re allowed to be more innovative and they’re allowed to be more agile…” he said. “Cybesecurity can represent a key competitive advantage in the market when you think of it as an enabler for unlocking technology and helping a company be more nimble.”

Cybersecurity as baseline

Financial executives are getting increasing pressure to not just escalate market share, but to do so in a trustworthy manner.

“More companies are reaching out to their third party providers, vendors and customers electronically, so going forward they are expected to have much more focus on a robust security strategy and the right security solutions,” Durbin said. “So now cyberinsurance is more being viewed as part of the intrinsic baseline of an organization expecting to go on a growth trajectory.”

Traditionally, he continues, cybersecurity has been viewed as how strong is a company’s perimeter, how can we keep people out?

“But when it comes down to growth, financial executives see they have to investing in a certain amount to fit the purpose of both today and tomorrow,” Durbin added. “To operate effectively in cyberspace, organizations are now required to have robust cybersecurity processes in place, be able to demonstrate them to investors, consumers and customers and regulate them when it’s appropriate.”

Indeed, nearly one-third of CFOs recently surveyed by Cisco said “enabling business growth” was a major consideration when considering their level of cybersecurity investment.

It’s clear that cybersecurity is no longer just a matter for an organization’s IT department.

“Too often cybersecurity is a matter that gets relegated to the IT department,” the airline CFO said. “This is something that needs to be owned across the entire organization.”

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The contents or opinions in this feature are independent and may not necessarily represent the views of Cisco. They are offered in an effort to encourage continuing conversations on a broad range of innovative technology subjects. We welcome your comments and engagement.

 

Item in Sales Receipt

Source: Intuit Quickbooks

Hello,

I am with a charitable organization. I would like to create Items in the Sales Receipts as I receive donations.

When I click on Item, a list suitable only for profitable organizations pop up. For instance, Service, Non-inventory part, discount, payment, etc.

I would like to create my own Items for a non profit. How can I do this??

Thanks.


Item in Sales Receipt

Microsoft And GoPro Sign Patent Licensing Deal For File Storage Technology

Source: Microsoft more

6192265280_77ce225796_o Microsoft, though its Microsoft Licensing LLC, and GoPro today announced that they have signed a collaborative patent licensing deal for “certain file storage and other system technologies.” “This agreement with GoPro shows the incredible breadth of technology sharing enabled through patent transactions,” said Nick Psyhogeos, president of Microsoft Technology Licensing,… Read More
Microsoft And GoPro Sign Patent Licensing Deal For File Storage Technology

ZIRX Drops Its Consumer Valet Service To Focus On The Enterprise

Source: Tech News – Enterprise

ZIRX-agent-customer ZIRX, an on-demand valet startup, is shutting down its consumer service at the end of the month, according to an email that the company sent out to ZIRX members today. The company confirmed the move in a blog post. However, the company isn’t shutting down. ZIRX is shifting its focus to its enterprise service while shuttering its consumer valet service on February 29. In short,… Read MoreZIRX Drops Its Consumer Valet Service To Focus On The Enterprise

Bing’s New Apps For iOS And Android Focus On Finding Deals, Local Offers

Source: Microsoft more

iOSScreenshots Microsoft’s Bing is trying to carve out a niche for itself on mobile by focusing on the types of common searches and information requests people need to access while on the go. To that end, the company this week rolled out new iOS and Android applications with features like a barcode scanner for price comparisons, a tool to find the cheapest nearby gas prices, and, on iOS to start, a… Read More
Bing’s New Apps For iOS And Android Focus On Finding Deals, Local Offers