SMBs will spend $564 billion on IT hardware, software, and services

IDC forecasts SMBs will spend $564 billion on IT hardware, software, and services, including business services, in 2016. This amount is expected to increase at a compound annual growth rate (CAGR) of 4.2%, reaching $668 billion in 2020. “The Third Platform has disrupted traditional IT markets and how large organizations deliver IT services. For SMBs, the result has been largely positive: a stronger ability to compete with larger firms, more easily enter new markets, more … More

Ransomware success creates apathy towards traditional antivirus software

In the last 12 months, 48 percent of organizations across the globe have fallen victim to a ransomware campaign, with 80 percent indicating that they’ve suffered from three or more attacks, according to a global survey conducted by Vanson Bourne. In response to ransomware attacks, 67 percent of businesses globally have increased IT security spending, and 52 percent reported that they are changing their security strategies to focus on mitigation. Fifty-four percent also agreed that … More

GitLab plugs critical flaw in its code repository manager software

GitLab (the company) has pushed out security updates for both the Community Edition (CE) and Enterprise Edition (EE) of the GitLab software, fixing a critical security flaw in the “import/export project” feature. “This feature did not properly check for symbolic links in user-provided archives and therefore it was possible for an authenticated user to retrieve the contents of any file accessible to the GitLab service account. This included sensitive files such as those that contain … More

Encryption software market to reach $8.94 billion by 2021

The ecryption software market size is estimated to grow from $3.05 billion in 2016 to $8.94 billion by 2021, at an estimated CAGR of 24.0%, according to MarketsandMarkets. “Digital Transformation of the world is well underway, moving physical industry off physical paper and onto virtual computers. Everything we do today as we go about our lives is governed by computer software and the data that feeds it. That means that data is becoming more and … More

Twitter, Facebook revoke access to social media surveillance software used by cops

Geofeedia, a US-based company that offers its social media aggregation platform “to a broad range of private and public sector clients”, also numbers among its clients over 500 law enforcement and public safety agencies across the country. Until a month ago, the company’s name was unknown to most US citizens. But with the publication of a Daily Dot article and, most recently, of a post by the American Civil Liberties Union (ACLU), the wider public … More

OpenChain Project: Best practices for an ecosystem of open source software compliance

Yesterday at LinuxCon in Berlin, The Linux Foundation announced that the OpenChain Project has established its first set of requirements and best practices for consistent free and open source software (FOSS) management processes in the open source software supply chain. The OpenChain Specification 1.0 aims to facilitate greater quality and consistency of open source compliance to help reduce duplication of effort caused by lack of standardization and transparency throughout professional open source organizations. Goals and … More

Should you trust your security software?

The complaint that security is broken isn’t new and even industry insiders are joining the chorus. Companies spent an estimated $75 billion last year on security products and yet cyber attacks and data breaches are still a common occurrence. Now, we’re finding that security tools themselves have vulnerabilities that are putting organizations at risk. Given that vulnerabilities in software are the root cause of most attacks and security tools are inherently intrusive in order to … More

GM recalls 3.6 million cars due to potentially fatal software defect

Last Friday, General Motors has announced that the owners of some 3.64 million of its vehicles will have to come in for a re-flash of their sensing and diagnostic module (SDM) software. Apparently, a software bug tied to the diagnostic “oscillation test” routine in the SDM software makes it so that frontal airbags and seat belt pretensioners will not deploy “in certain rare circumstances when a crash is preceded by a specific event impacting vehicle … More

Micro Focus merger with HPE’s Software Business Segment worth $8.8 billion

Micro Focus announced today its intent to merge with HPE’s Software Business Segment in a transaction valued at approximately $8.8 billion. The merger is subject to customary closing conditions, including anti-trust clearances and shareholder approval and is expected to close in Q3 2017. The proposed merger brings together two well established enterprise software vendors with highly complementary portfolios. With revenues of approximately $4.5 billion, it creates one of the world’s largest pure-play infrastructure software companies … More

Beware of browser hijacker that comes bundled with legitimate software

Lavians, a “small software vendor team,” is packaging its offerings with a variant of browser-hijacking malware Bing.vc. The company sells and offers for free different types of software (drivers and other kinds of utilities) on their own website, but also on popular download sites. Unfortunately, most of them come bundled with the aforementioned malware, which installs itself into Internet Explorer, Firefox, and Chrome without the user’s consent. Ad-injectors and browser hijackers are definitely a nuisance, … More