Technology
Business travellers' data more at theft risk than money: Report
Business travellers, particularly senior executives, are more likely to be mugged of valuable private and corporate data than money as they travel abroad, a report by Russia-based software security group Kaspersky Lab revealed on Tuesday.
 
One in five persons have been a target of cyber crime while abroad -- rising to almost a third (31%) of senior business managers -- the report found. 
 
“This shows us that cyber crime is a real hazard while travelling and employees are putting confidential business information at risk," said Konstantin Voronkov, Head of Endpoint Product Management at Kaspersky Lab.
 
The researchers found the pressure from work to get online is clouding the judgment of business travellers when connecting to the internet.
 
Three in five (59%) persons in senior roles said they try to log on as quickly as possible upon arrival abroad because there is an expectation at work that they will stay connected. By the time business travellers reach the arrivals' terminal, one in six is using their work device to get online.
 
Over half of people travelling for work (54%) -- and up to 62% of senior executives -- make no distinction between their behaviour when abroad despite the fact they are a long way from the security of their work communications networks and they are handling employers’ confidential data at work, the study noted.
 
Almost half (48%) of senior managers and more than two in five (43%) of mid-level managers use insecure public access Wi-Fi networks to connect their work devices when abroad. 
 
At least two in five (44% and 40%, respectively) use Wi-Fi to transmit work emails with sensitive or confidential attachments.
 
“We recommend explaining the threat to employees as awareness is the first step to protection. Another important countermeasure is security over unsafe networks, such as using VPN to access the corporate network, and email encryption," Voronkov suggested.
 
"In addition, multi-layered endpoint protection should be implemented, including anti-malware, exploit prevention, host-based intrusion protection and firewall, URL filtering technologies, and installation of the most up to date software and system patches," he added.
 
The researchers polled 11,850 people from across Europe, Russia, Latin America, Asia Pacific and the US for the results.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Manufacturing lifts India's economy in June
Strong manufacturing industry lifted Indian economy while business activity in the service sector rose at its second lowest rate in the current 12-month period of growth in June, key macroeconomic data showed on Tuesday.
 
The Nikkei India composite PMI (purchasing managers' index) which is a key macro data that indicates monthly trends in overall economic activity stood at 50.3 in June, in the current 12-month sequence of above-50 readings, down from 51.0 in May.
 
An index reading of above 50 indicates an overall increase in the economic activity, while below 50 an overall decline.
 
Though employment rose fractionally, outstanding business in June was up compared to May while faster increase in input costs contrasted with slowdown in charge inflation.
 
Contributing to stronger increase in private sector activity, manufacturing production sped to a three-month high.
 
"Although manufacturing shifted into a higher gear in June, variables such as new orders, employment and production stayed below their respective long-run averages," said Markit economist Pollyanna De Lima.
 
The seasonally adjusted Nikkei India Composite PMI Output Index increased from 50.9 in May to 51.1 in June.
 
In the reveiwed month, June experienced softer rise in services new business with growth falling to the slowest in 11 months.
 
For the first time in five months, outstanding business for service providers increased slightly and survey participants reported delayed client payments.
 
According to the index, service providers observed a rise in staffing levels in June but not significantly high.
 
"The Indian service sector saw a further cooling of growth momentum in June, the third in consecutive months, with a weaker rise in new business leading to a softer expansion in activity," said De Lima.
 
Though factory employment was broadly unchanged in June, additional hiring indicated greater output requirements.
 
Interestingly, input prices in service sector rose for the ninth consecutive month in June, petrol and vegetables being on the higher side while rate of cost inflation was moderate, lower than the long-run trend.
 
Service providers charges however continued to rise in June, as they passed on the higher cost burdens.
 
Though activity growth over the coming year is slated to be backed by aggressive marketing campagins, concerns on competitive pressures has been highlighted.
 
"Nonetheless, India remains a leading performer within emerging markets at a time when many of its peers are struggling," added De Lima.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Nifty, Sensex may give up some gains – Tuesday closing report
We had mentioned in Monday’s closing report that Nifty, Sensex were overbought, but the indices might move sideways. The major indices of the Indian stock markets were range-bound on Tuesday and closed with small losses of 0.40%-0.45% over Monday’s close. The trends of the major indices in the course of Tuesday’s trading are given in the table below:
 
 
Bearish global cues, combined with profit booking, subdued the Indian equity markets on Tuesday. Consequently, the key indices traded in the red during the late-afternoon session. Heavy selling pressure was witnessed in automobile, banking and information technology (IT) stocks. The BSE market breadth was tilted in favour of the bears -- with 1,277 advances and 1,476 declines.
 
The impact of Brexit on India will be "very limited" as New Delhi does not play a key role in global trade, a leading Chinese daily said on Tuesday. At the same time, following its exit from the European Union, the UK's role in promoting India-EU relations will no longer exist, said an opinion piece in the Global Times.  "Given the fact that New Delhi is not playing a crucial role in global trade or the international geopolitical system, the influence of Britain leaving the European Union will prove to be very limited," it said. The newspaper pointed out that in economy and trade, there would be impact "though not significant ones". 
 
British business confidence has fallen sharply in the aftermath of the vote to leave the European Union (EU), a new research revealed. The share of businesses that reported feeling pessimistic about the British economy doubled in the week after the Brexit vote on June 24, according to the YouGov and the Centre for Economics and Business Research (CEBR). The figure jumped from 25% the week before the referendum to 49%, BBC reported. Falling confidence can lead companies to pull back on investment and hiring. Scott Corfe, director at the CEBR, said that the figures indicated a "significant shock reaction" among British businesses following the vote last month.
 
Larsen & Toubro Ltd (L&T) on Tuesday said it has secured export orders worth $71.3 million from Mitsubishi Hitachi Power Systems Ltd (MHPS) through its joint venture companies. The contract of L&T-MHPS Boilers Private Ltd (LMB), a joint venture (JV) of the company, includes supply of pressure parts for a 2x1,000 MW power plant in Indonesia and includes furnace header, panel, coils and piping, the company said in a statement. The company’s shares closed at Rs1,574.65, up 0.60% on the BSE on Tuesday.
 
China is highly concerned with Indian trade remedy measures against Chinese steel products, the Ministry of Commerce said on Monday. The Indian government has launched an anti-dumping investigation into colour-coated steel sheets imported from China. It is the fifth such probe against China from India this year, the highest record among WTO members, according to a statement on the ministry's website. The global steel industry was experiencing difficulties due to sluggish economic growth and weak demand, but abuse of trade remedy measures would not help resolve industrial overcapacity but hamper normal trade, the statement said. China and India have broad room for cooperation in the industry, the ministry said, adding it hoped the two countries can seek common development through trade, investment and technological cooperation and properly handle trade frictions. The ministry said it hoped the Indian government could conduct a fair and transparent investigation in line with WTO rules and refrain from trade remedy measures. SAIL shares closed at Rs47.50, up 1.50% on the BSE on Tuesday.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
 

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