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Thomas Peterffy says he owns some cryptocurrency because ‘you have to play the odds’ – CNBC

Online brokerage pioneer Thomas Peterffy told CNBC on Wednesday he's invested in cryptocurrencies, while still expressing skepticism over the long-term future of the digital asset class.

"Even I myself have put a little bit of money into crypto, because even though chances are, I think, that this is not going to be a viable market, I think that there's a small chance that this will be a dominant currency, so you have to play the odds," the billionaire founder and chairman ofInteractive Brokers said on "Closing Bell." He did not specify which cryptocurrency or cryptocurrencies he owns.

The remarks come as Interactive Brokers prepares to launch cryptocurrency trading by the end of summer, a move seen as noteworthy due to the e-broker's reputation for serving more sophisticated clients.

Peterffy has previously been skeptical of bitcoin, the world's largest cryptocurrency by market value, at previous points, particularly in 2017 as the CME prepared to launch bitcoin futures.

At that time, Peterffy told CNBC he had no problem with people who wanted to trade bitcoin and other cryptocurrencies, but he warned of "linking bitcoin and other cryptocurrencies by federal regulations to the real economy."

Regarding Interactive Brokers' upcoming launch of crypto trading, Peterffy said "several of our clients expressed an interest" in being able to invest in the digital assets. "And I completely understand it," he said.

Many in the crypto community see bitcoin as a long-term store of value and express optimism about its ability, along with blockchain-based digital assets, to disrupt the traditional financial system.Jack Dorsey, the billionaire CEO of Twitter and fintech firm Square, said earlier Wednesday he hopes bitcoin "helps create world peace."

Bitcoin was up nearly 7% Wednesday afternoon, trading around $31,800 per token. The historically volatile cryptocurrency traded as high as $32,765 on the day, according to Coin Metrics. The move higher came one day after bitcoin fell below $30,000 for the first time since June 22.

Bitcoin remains down about 50% from its all-time high near $65,000 in mid-April, around the time of cryptocurrency exchange Coinbase's public markets debut.

Further adoption of bitcoin by high-profile investors and institutions was seen as one reason for bitcoin's massive rally that began last year and peaked in April. While bitcoin is slightly positive year to date, at this point in 2020, it traded below $10,000 per token.

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Thomas Peterffy says he owns some cryptocurrency because 'you have to play the odds' - CNBC

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Update On Planning For Bitcoin And Other Cryptocurrency – Forbes

So, who will be watching you?

A virtual currency guidance and advisory issued by the U.S. Treasury Departments anti-money laundering (AML) unit on June 30, 2021 clarified regulatory expectations, riled some cryptocurrency players and signaled a potential new global standard for combating financial crime.

The statement added that the guidance does not establish any new regulatory expectations and consolidates current FinCEN regulations, guidance and administrative rulings. FinCEN has broad international reach to any business doing substantive business with U.S. persons and therefore international businesses need to be paying attention if they source cryptocurrency from U.S. exchanges or interact with U.S. consumers.

Any time FinCEN issues an advisory, compliance officers in both banks and virtual currency companies will spend a fair amount of time over the next few days reviewing the advisory in the context of their businesses and customers.Concerns include another round of bank account closures, not because customers are engaging in illegal activity, but because compliance officers and managers lack an understanding of the technology underlying cryptocurrencies as the easy way out rather than invest the time and effort to learn more about the space.

Although owners of blockchain based investments most commonly hold cryptocurrency, blockchain technology is expanding into non-currency areas.In both, however, there are risks mainly because 1) estate planners and family members are ill-informed about the presence and nature of blockchain assets, 2) clients fail to realize that wills and trusts must have specific language to allow Personal Representatives and Trustees to manage those assets after incapacity or death, and 3) the regulatory environment, taxation, reporting, application if intestacy laws and other issues have yet to be resolved.

Traditional planning entities also have a hard time owning cryptocurrency, especially if there is a fiduciary duty owed to beneficiaries to prudently invest assets. Without specific language, a trust or other entity will not be able to hold cryptocurrency, but if that language is written too broadly, the fiduciary may be exempt from damages due to willful neglect. Also, cryptocurrency is treated as property rather than as currency by tax authorities for tax purposes meaning that the fair market value is set by conversion into the taxing authoritys currently, that is U.S. dollars for the IRS, at a reasonable exchange rate and transactions involving cryptocurrency are subject to the capital gains tax regulations. This can result in the cryptocurrency being taxed at one value in one country and another value in another country.

On top of all this, care needs to be taken to preserve the benefits of cryptocurrency. Cryptocurrency is highly secure, but that security is in jeopardy if the private key or seed phrase is carelessly recorded.With the right private key or seed phrase, anyone can access the cryptocurrency, so planning and procedures have to include how to secure this information. Like cash, cryptocurrency is not traceable. There is no electronic or paper trail linking the parties together in a transaction involving cryptocurrency.To preserve that privacy, you will need to plan that other documentation in the transaction does not reveal these identities, or at least that information is privileged. Shorter transfer delay and lower costs.Unlike hard currency, transferring cryptocurrency takes only moments and there are few, if any, transfer costs.

So, what to do? First, educate your estate planner and family about any blockchain based assets, especially cryptocurrency, you own. If the value of those assets exceeds $10,000, and the assets are in custody with a fiduciary or institution that is offshore Make sure that you are also reporting that investment annually and that the custodian that holds the assets has the capacity to invest the time and effort required to comply with the myriad changes as they occur.

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Update On Planning For Bitcoin And Other Cryptocurrency - Forbes

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Revealed: the people who signed up to the Magacoin Trump cryptocurrency – The Guardian

More than 1,000 people have so far signed up to the pro-Trump cryptocurrency magacoin, including conservative media personalities and Republican figures, the Guardian can reveal.

The news comes after poor security configuration in a website associated with magacoin exposed the email addresses, passwords, cryptocurrency wallet addresses and IP addresses of users who have bought in to what its promoters describe as the digital currency for the MAGA community.

The data also reveals that the lions share of the cryptocurrency so far produced has been allocated to the self-described creator of magacoin, a pro-Trump consultant who owns an LLC associated with the cryptocurrency, and a Super Pac associated with the same consultant.

The information, provided to the Guardian by a self-described hacktivist, unveils the reality around the cryptocurrency whose creators say it is made by America First Conservatives out of frustration with Losing the Election and a desire to fight back by supporting MAGA candidates.

The vast majority of those sign-ups have only 100 magacoins, the amount offered free in initial publicity to early sign-ups who can claim their share of 75 million MAGACOINS. The website, echoing widespread rightwing falsehoods about the 2020 election result, says it chose that number to represent the 75 million voters who were disenfranchised on November 3rd, 2020.

Other users, however, have greater holdings, and at least some of them may have taken advantage of the cryptocurrencys Ambassador Program, in which promoters are offering 1,000 free magacoins to approved radio hosts, media personalities, bloggers and grassroots groups who sign up to help promote the currency to their audience.

One account with 1,500 magacoins is associated with the email address of the rightwing broadcaster John Rush, whose Rush To Reason program airs on Denvers KXL conservative talk station.

Rush recently played host on his program to Marc Zelinka, whose Littleton, Colorado-based used car company, Carmart Inc, applied in April for a trademark for magacoin. Zelinka also administers the magacoin Facebook page, and is credited in conservative social media and on Rushs show as the creator of magacoin.

Another email address is associated with the Youth Federalist Initiative, a Colorado Republican party-associated effort at youth engagement. The email suggests that the cryptocurrency is in the possession of Evan Underwood, a Colorado Republican activist, podcaster and chair of the Colorado Federation of College Republicans.

Magacoin has been connected in reporting by the Daily Dot with a North Carolina-based Trumpist political operative, Reilly ONeal, who is the principal of a North Carolina LLC, Magacoin Inc, which was registered last April.

In a telephone conversation, Zelinka, the self-described creator of the cryptocurrency, said that I dont control it any more, and that he had passed the cryptocurrency project entirely to ONeal.

The Guardian has discovered more extensive connections between ONeal and the cryptocurrency.

Last month, a Super Pac called Magacoin Victory Fund was registered with the Federal Election Commission. The Super Pacs main mailing address is a post office box in Raleigh, North Carolina, which is also associated with several other ONeal-controlled companies and political entities.

According to North Carolina state records, other companies headquartered at the PO box and solely controlled by ONeal include Rightside Lists LLC and Mustard Seed Media LLC part owner of Big League Politics.

On magacoins front page and in promotional emails it announces that 10 Million MAGACOINS have been donated to the MAGACOIN Victory Fund, a SuperPAC created to support MAGA candidates across the country who will fight for individual rights, religious liberty, protecting the unborn, the 2nd amendment, freedom of speech and the entire America First Agenda.

The records reflect this gift, with 10 million magacoins associated with an email hosted at the domain of ONeals political consultancy, Tidewater Strategies. Another Tidewater email address is associated with holdings of just over 2m magacoins.

Another 2m magacoins are associated with Zelinkas phone number and an old email address of Zelinkas which alludes to his used car dealing.

Previously, ONeal worked on several North Carolina and national political campaigns, including the campaign of the pro-Trump former judge and accused paedophile Roy Moore.

His political consultancy, Tidewater Strategies, received large sums from mostly Trumpist Republican candidates in the last election cycle, many of whom failed to win office.

ONeal also reportedly has a stake in the far-right conspiracy-minded website Big League Politics (BLP) through another of his companies, Mustard Seed Media.

That publications editor, Patrick Howley, was discredited on the witness stand in the trial of leftwing activists about whom Howley and others fomented conspiracy theories, in order to shift blame from James Fields after he murdered Heather Heyer after the Unite the Right rally in Charlottesville.

BLP recently ran a major story on magacoin, promising that the cryptocurrency would create an ecosystem where pro-Trump individuals can support pro-Trump businesses and candidates without using a financial instrument that benefits the globalists.

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Revealed: the people who signed up to the Magacoin Trump cryptocurrency - The Guardian

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Ethereum price rises after Elon Musk confirms he owns the cryptocurrency – CNBC

The price of ethereum rose Wednesday afternoon after Tesla and SpaceX CEO Elon Musk said he owns the cryptocurrency at The B Word conference, an event hosted by the Crypto Council for Innovation.

Ethereum, which was already rallying on the day, touched its high of the session after Musk's mention. It was last up more than 12% and near the highs of the day.

Musk also repeated his support for cryptocurrency in general, despite potential environmental risks, saying, "One thing you do need to watch out for with crypto, especially bitcoin, using proof of work, using energy that's a bit too much and not necessarily good for the environment."

As bitcoin mining is increasingly powered by renewable energy,Musk said, Tesla will likely move to accept bitcoin for transactions once again.

Musk also said that at this time, the only publicly traded stock he owns is Tesla's, and that he personally owns some bitcoin, dogecoin and ethereum. "The only significant thing I own outside ofTeslais SpaceX," he noted, having helped create both companies.

He also said he has been holding his bitcoin long term.

"If the price of bitcoin goes down I lose money. I might pump but I don't dump," Musk said. "I definitely do not believe in getting the price high and selling or anything like that. I would like to see bitcoin succeed."

Musk also confirmed that both Tesla and SpaceX own bitcoin, and no other cryptocurrency at this time.

The B Word conference was established to "demystify," "de-stigmatize" and "correct the mainstream narrative" around the cryptocurrency bitcoin and promote its institutional acceptance and use.

Musk spoke on a panel alongside Jack Dorsey, CEO of payments company Square and Musk's favorite social media platform Twitter, along with Ark Invest founder and CEO Cathie Wood, who answered questions from moderator and Square Crypto lead Steve Lee.

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Ethereum price rises after Elon Musk confirms he owns the cryptocurrency - CNBC

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Cryptocurrency Prices Today on July 20: Bitcoin, Ethereum in red, Polkadot plunges over 9% – Moneycontrol.com

Cryptocurrency Prices on July 20: Bitcoin's price is currently $31,413.42 and its dominance is currently 46.79 percent, an increase of 0.63 percent over the day

July 20, 2021 / 07:45 AM IST

Cryptocurrency prices continued to be in the red on July 20. The global cryptocurrency market capwas $1.23 trillion, a 4.34 percent decrease over thepreviousday, while the total crypto market volume over the last 24 hourswas $57.25 billion, which makes a 16.38 percent increase.

The volume of all stable coins was $47.23 billion 82.49 percent of the total crypto market 24-hour volume. Bitcoin's price was $31,413.42 and its dominance is currently 46.79 percent, an increase of 0.63 percent over the day.

Days after Ethereum co-founder Jackson Palmer slammed the cryptocurrency industry in a series of tweets, another crypto entrepreneur and co-founder of Ethereum Anthony Di lorio has said that he is quitting the industry. The reason? Partially due topersonal safety concernsamong other things, Bloomberg reported.

The 48-year-old Canadian has had a security team since 2017. Di lorio said the crypto industry has a risk profile I am not too enthused about, adding: I dont feel necessarily safe in this space. If I was focused on larger problems, I think Id be safer.

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Cryptocurrency Prices Today on July 20: Bitcoin, Ethereum in red, Polkadot plunges over 9% - Moneycontrol.com

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A Cryptocurrency that merges the worlds of blockchain and real estate is here – Livemint

A breakthrough crypto-coin called FOHO Coin that converges the worlds of Blockchain, Real Estate and Technology is here. FOHO aims to build a blockchain-based transparent and trust- incentivizing system. FOHO is on a mission to democratize the real estate space. The platform uses the wisdom of crowds to uncover deals, while holding sellers, sponsors, organisers, realtors, lenders and other market participants accountable. The ecosystem is based on fractional sharing of real estate rentals and experiences with fractional ownership of residential and commercial real estate coming soon. The 4 pillars of the FOHO Ecosystem include FOHO Coin, FOHO Haus, FOHO Work, and FOHO Club. FOHO participants can now access world- class properties at a fraction of the price.

FOHO Haus is a blockchain-based residential real estate marketplace wherein people can buy and sell fractions of residential property. FOHO Work is like FOHO Haus with the only difference being, while FOHO Haus is involved with residential properties, FOHO Work deals with commercial properties like office spaces, warehouses, plantations etc. It enables people to own fractional commercial real estate assets through cryptocurrency. FOHO Club is where people come together to share usage of an asset or experience. Lastly, FOHO Coin is a utility token and enables participation in the FOHO ecosystem. Jason Fernandes, a renowned personality in the crypto space and a member of the FOHO advisory board says FOHO is to the crypto space, what Uber is to the car-rentals industry. FOHO is enabling the fractional real estate ecosystem of the future and FOHO Coin is the first step to entering this shared economy."

FOHO Holdings is promoted by globally successful companies Tangential and the Tripvillas Group. Tangentia has been part of the Profit 500 list of the fastest growing companies in Canada for 6 years in a row and Tangentia America, the US arm of the company has been listed on the INC 5000 fastest growing companies in the USA. Tripvillas Group is one of Asias largest holiday homes rental companies headquartered in Singapore. Given their extensive experience that spans over 20 years as well as their well-demonstrated potential, Tangentia and Tripvillas are well-equipped to launch and develop FOHO Coin.

FOHO Coin provides the foundation of the FOHO sharing economy. It is, as the founders describe, the Lifeblood of the FOHO Ecosystem. FOHO is well poised to draw on the expertise of its founders and the businesses they control. FOHO also has a dream team advisory board that includes prominent figures from the fintech, crypto and marketing space.

Jason Fernandes is an entrepreneur, speaker, well-known blockchain industry figure and advisor to FOHO Coin. He founded FinTech media outlet TokenJay.com, internet portal ZeoCities.com and co-invented the worlds first Internet-based DVR, RecordTV. Fernandes has featured in international outlets like the BBC, LA Times, Associated Press, MTV, Channel NewsAsia, and national outlets like India Today, ZeeTV and the Times of India.

Chandan Kumar has been a professional financial markets trader for over 15 years and runs an algorithmic trading consultancy. He is a consultant with Bitbns - one of the largest crypto exchanges in the world.

Floyd Tavares is an award-winning marketer. He co-founded Dranding Consulting and is an MBA in marketing with over 10 years of experience in building brands; both online and on-ground. He was recently voted Iconic Hospitality Marketer by Times Hospitality Icons and also is the recipient of the Most Influential Young Leader by the World Marketing Congress. Dranding Consulting has successfully transformed many brands in the Gaming, Hospitality, Technology, Education & Engineering space.

With a strong backing and advisory board, FOHO Coin, which will run on the Ethereum blockchain, is set to launch soon on the Ascent, by Bitbns Launchpad. While already making waves, it is set to democratize real estate ownership and usage worldwide.

Disclaimer: This is a company press release. No HT journalist is involved in the creation of this content.

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A Cryptocurrency that merges the worlds of blockchain and real estate is here - Livemint

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Why is crypto down today? Cryptocurrency market crash – price of Bitcoin, Ethereum, Cardano and XRP explained – The Scotsman

Cryptocurrency market is down 7.13% in the last 24 hours (20 July).

After a year of gains and record highs, crypto currencies are enduring a turbulent time with unpredictable price changes.

Bitcoin and other leading crypto coins experienced a significant drop in share price after investors began dumping mining equipment as China announced fresh regulations.

Bitcoin (BTC) was down -5.18% at 10.40am on 20 July, followed by Ethereum (ETH) -7.17%, Tether (USDT) +0.49%, Binance Coin (BNB) -11.66%, Cardano (ADA) -10.77%, XRP (XRP) -8.18%, Dogecoin (DOGE) -7.33%, Polkadot (DOT) -13.32%, Uniswap (UNI) -10.09%, Bitcoin Cash (BCH) -10.49%, Litecoin -10.32%.

It follows recent crashes brought on by Tesla making a u-turn on accepting Bitcoin as payment for its products and China clamping down on initial coin offerings, block exchanges and warned against speculative trading.

A further blow was dealt when China ordered Bitcoin mining in its Sichuan province to shut down completely and furthermore told banks to stop supporting crypto transactions, in a latest wave of restrictions on cryptos.

Why is the crypto market down?

Chinas crackdown on cryptos comes days after Musks shock announcement.

Musks decision signifies a sharp u-turn for Tesla who only started accepting Bitcoin as payment for its services in February 2021.

It came after the electric car company bought $1.5b (1.06b) of Bitcoin shares, which in turn sent the market price of both the crypto and Tesla soaring.

The billionaire entrepreneur said: We are concerned about rapidly increasing use of fossil fuel for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.

Musk reaffirmed his belief that cryptocurrency has a promising future but that it cannot come at great cost to the environment, in his Twitter post.

Musk has been a long-time advocate of cryptocurrencies and the Tesla decision was felt across the market, with other digital tokens going down in price.

What is the price of Bitcoin and Ethereum?

The price of Bitcoin was 21,719.56 after the latest drop in prices (20 July), according to Coinbase.

In the last 24 hours, Ethereum had dropped to a value of 1,270.81.

Cryptocurrencies are seen as an alternative to traditional banking methods, cheaper to move money around due to not being regulated by the government or its banks.

The decision by Tesla, and announced by Musk, was seen by some as a slight on the credibility of cryptos to become a viable method of payment against physical currencies.

Which crypto prices are down?

Bitcoin wasnt the only cryptocurrency to feel the initial effects, with the rest of the top 10 all experiencing dips in value.

Dogecoin, which was initially set up as a joke in 2012 before seeing its shares skyrocket, has faced the worst of it with significant double digit drops due to Chinas crackdown.

Musks influence cannot be underestimated as, even though the likes of PayPal, Mastercard and Facebook have backed cryptos, the Tesla announcement still rocked the market.

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Why is crypto down today? Cryptocurrency market crash - price of Bitcoin, Ethereum, Cardano and XRP explained - The Scotsman

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Cloud security in 2021: A business guide to essential tools and best practices – ZDNet

Cloud computing services have become a vital tool for most businesses. It's a trend that has accelerated recently, with cloud-based services such as Zoom,Microsoft 365 and Google Workspaceand many others becoming the collaboration and productivity tools of choice for teams working remotely.

While cloud quickly became an essential tool, allowing businesses and employees to continue operating from home, embracing the cloud canalso bring additional cybersecurity risks, something that is now increasingly clear.

Previously, most people connecting to the corporate network would be doing so from their place of work, and thus accessing their accounts, files and company servers from inside the four walls of the office building, protected by enterprise-grade firewalls and other security tools. The expanded use ofcloud applicationsmeant that suddenly this wasn't the case, with users able to access corporate applications, documents and services from anywhere. That has brought the need for new security tools.

Cloud computing security threats

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While positive for remote workers because it allows them to continue with some semblance of normality working remotely also presents an opportunity for cyber criminals, who havequickly taken advantage of the switch to remote workingto attempt tobreak into the networksof organisations that have poorly configured cloud security.

SEE: IT Data Center Green Energy Policy (TechRepublic Premium)

Corporate VPNs and cloud-based application suiteshave become prime targets for hackers. If not properly secured, all of these can provide cyber criminals with a simple means of accessing corporate networks. All attackers need to do isget hold of a username and password by stealing them via aphishing emailor usingbrute force attacksto breach simple passwords and they're in.

Because the intruder isusing the legitimate login credentials of someone who is already working remotely, it's harder to detect unauthorised access, especially considering how the shift to remote working has resulted in some people working different hours to what might be considered core business hours.

Attacks against cloud applications can be extremely damaging for victims as cyber criminalscould be on the network for weeks or months. Sometimes they steal large amounts of sensitive corporate information; sometimes they might use cloud services as an initial entry point to lay the foundations for aransomware attackthat can lead to themboth stealing data and deploying ransomware. That's why it's important for businesses using cloud applications to have the correct tools and practices in place to make sure that users can safely use cloud services no matter where they're working from while also being able to use them efficiently.

Use multi-factor authentication controls on user accounts

One obvious preventative step is to put strong security controls around how users log in to the cloud services in the first place. Whether that's a virtual private network (VPN), remote desktop protocol (RDP) service or an office application suite, staff should need more than their username and password to use the services.

"One of the things that's most important about cloud is identity is king. Identity becomes almost your proxy to absolutely everything. All of a sudden, the identity and its role and how you assign that has all of the power," says Christian Arndt, cybersecurity director at PwC.

Whether it's software-based, requiring a user to tap an alert on their smartphone, or hardware-based, requiring the user to use a secure USB key on their computer,multi-factor authentication(MFA) provides an effective line of defence against unauthorised attempts at accessing accounts. According to Microsoft,MFA protects against 99.9% of fraudulent sign-in attempts.

Not only does it block unauthorised users from automatically gaining entry to accounts, the notification sent out by the service, which asks the user if they attempted to log in, can act as an alert that someone is trying to gain access to the account. This can be used to warn the company that they could be the target of malicious hackers.

Use encryption

The ability to easily store or transfer data is one of the key benefits of using cloud applications, but for organisations that want to ensure the security of their data, its processes shouldn't involve simply uploading data to the cloud and forgetting about it. There's an extra step that businesses can take to protect any data uploaded to cloud services encryption.

Just as when it's stored on regular PCs and servers, encrypting the data renders it unreadable, concealing it to unauthorised or malicious users. Some cloud providers automatically provide this service, employing end-to-end protection of data to and from the cloud, as well as inside it, preventing it from being manipulated or stolen.

Apply security patches as swiftly as possible

Like other applications, cloud applications can receive software updates as vendors develop and apply fixes to make their products work better. These updates can also contain patches for security vulnerabilities, as just because an application is hosted by a cloud provider, it doesn't make it invulnerable to security vulnerabilities and cyberattacks.

Critical security patches for VPN and RDP applicationshave beenreleased by vendorsin order to fix security vulnerabilities that put organisations at risk of cyberattacks. If these aren't applied quickly enough, there's the potential for cyber criminals to abuse these services as an entry point to the network that can be exploited for further cyberattacks.

Use tools to know what's on your network

Companies are using more and more cloud services and keeping track of every cloud app or cloud server ever spun up is hard work. But there are many, many instances of corporate data left exposed by poor use of cloud security. A cloud service can be left open and exposedwithout an organisation even knowing about it. Exposed public cloud storage resources can be discovered by attackers and that can put the whole organisation at risk.

In these circumstances, it could be useful to employ cloud security posture management (CSPM) tools. These can help organisations identify and remediate potential security issues around misconfiguration and compliance in the cloud, providing a means of reducing the attack surface available to hackers to examine, and helping to keep the cloud infrastructure secure against potential attacks and data breaches.

"Cloud security posture management is a technology that evaluates configuration drift in a changing environment, and will alert you if things are somehow out of sync with what your baseline is and that may indicate that there's something in the system that means more can be exploited for compromise purposes," says Merritt Maxim, VP and research director at Forrester.

SEE: Network security policy (TechRepublic Premium)

CSPM is an automated procedure and the use of automated management tools can help security teams stay on top of alerts and developments. Cloud infrastructure can be vast and having to manually comb through the services to find errors and abnormalities would be too much for a human especially if there are dozens of different cloud services on the network. Automating those processes can, therefore, help keep the cloud environment secure.

"You don't have enough people to manage 100 different tools in the environment that changes everyday, so I would say try to consolidate on platforms that solve a big problem and apply automation," says TJ Gonen, head of cloud security at Check Point Software, a cybersecurity company.

Ensure the separation of administrator and user accounts

Cloud services can be complex and some members of the IT team will have highly privileged access to the service to help manage the cloud. A compromise of a high-level administrator account could give an attacker extensive control over the network and the ability to perform any action the administrator privileges allow, which could be extremely damaging for the company using cloud services.

It's, therefore, imperative that administrator accounts are secured with tools such as multi-factor authentication and that admin-level privileges are only provided to employees who need them to do their jobs. According to the NCSC, admin-level devices should not be able to directly browse the web or read emails, as these could put the account at risk of being compromised.

It's also important to ensure that regular users who don't need administrative privileges don't have them, because in the event of account compromise an attacker could quickly exploit this access to gain control of cloud services.

Use backups as contingency plan

But while cloud services can and have provided organisations around the world with benefits, it's important not to rely on cloud for security entirely. While tools like two-factor authentication and automated alerts can help secure networks, no network is impossible to breach and that's especially true if extra security measures haven't been applied.

SEE:Ransomware: Paying up won't stop you from getting hit again, says cybersecurity chief

That's why a good cloud security strategy should also involvestoring backups of data and storing it offline, so in the event of an event that makes cloud services unavailable, there's something there for the company to work with.

Use cloud applications that are simple for your employees to use

There's something else that organisations can do to ensure the security of cloud and that's provide their employees with the correct tools in the first place. Cloud application suites can make collaboration easier for everyone, but they also need to be accessible and intuitive to use, or organisations run the risk of employees not wanting to use them.

A business could set up the most secure enterprise cloud suite possible, but if it's too difficult to use, employees, frustrated with not being able to do their jobs,could turn to public cloud tools instead.

This issue could lead to corporate data being stored in personal accounts, creating greater risk of theft, especially if a user doesn't have two-factor authentication or other controls in place to protect their personal account.

Information being stolen from a personal account could potentially lead to an extensive data breach or wider compromise of the organisation as a whole.

Therefore, for a business to ensure it has a secure cloud security strategy, not only should it be using tools like multi-factor authentication, encryption and offline backups to protect data as much as possible, the business must also make sure that all these tools are simple to use to encourage employees to use them correctly and follow best practices for cloud security.

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Cloud security in 2021: A business guide to essential tools and best practices - ZDNet

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Supporting staff with cloud-based asset tracking – Modern Healthcare

For health systems and hospitals, Cloud-Based RTLS provides a cost-effective, fast-to-deploy solution. A key aspect for health system management is the low investment cost for installing a cloud-based platform. Because the Plug-In BLE Sensors only need a wall outlet to operate, there is no need for design or construction projects. Facilities avoid noisy disruptions, and installation is as quick as plugging in sensors and activating with a smart phone. Full deployment is complete in a matter of days.

This simplified set up is not a burden on IT departments, since the cloud-based platform does not require dedicated servers or the footprint to house them. Further, cloud-based tracking is easily scalable, as it can be used across facilities and throughout multiple buildings. Regulatory compliance controls and encryption help ensure data confidentiality.

From the interviews we conduct with health system and hospital personnel, we understand the frustration they go through. We heard their stories of unsustainable waste. In one year, one hospital lost $5 million in IV pumps and telemetry packs alone.3 We also heard their concerns about how this waste and over-buying impacts their operations and budgets. This can include over-purchasing assets, repeat purchasing, labor costs to maintain extra equipment, and extra costs for software agreements, consumables, installations and user training. This waste is a constant issue that burdens day-to-day operations. Midmark RTLS works to support hospitals and health systems because budgets should be reserved for increasing the quality of care. Not repeat-buying items that were already in the building. Better care starts when all staff are well equipped, prepared and focusing on the patientnot searching for lost, missing or stolen medical devices and equipment.

For more information, contact Midmark to see other ways that cloud-based asset tracking supports clinical staff and biomedical teams.

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Supporting staff with cloud-based asset tracking - Modern Healthcare

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Data center accelerator market was valued at USD 13.7 billion in 2021 and is anticipated to – GlobeNewswire

New York, July 22, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Data Center Accelerator Market by Processor Type, Type, Application And Geography - Global Forecast to 2026" - https://www.reportlinker.com/p05494008/?utm_source=GNW A growing number of tech giants and startups have begun offering machine learning as a cloud service due to the burgeoning demand for AI-based computation.

Most companies and startups do not develop their own specialized hardware or software to apply deep learning to their specific business needs.Cloud-based solutions are ideal for small and midsized businesses that find on-premises solutions costlier.

Thus, the increasing adoption of cloud-based technology is necessitating the need for deep learning.

Artificial intelligence to drive the growth of cloud data centerCloud data center is dominating the data center accelerator market owing to rise in demand for AI based solution.The growth of AI is leading to changes in cloud server configuration.

The cloud computing market has witnessed significant growth owing to the surge in the volume of data being transferred to the cloud from consumers.The surge in AI-centric data has led to the growth of co-processors (accelerators) embedded in the servers.

The accelerators optimize data processing at the servers by reducing the latency.According to Intel, currently, ~7% of the servers are used in deep learning activities.There are ~12 million server units around the globe as of 2021.

In the AI-capable servers for deep learning training, the typical CPU to GPU attach rate is 14 GPUs; in some cases, it is around 18 GPUs.Deep learning is expected to account for the majority of cloud workload during the forecast period, which, in turn, is likely to propel the demand for accelerators for cloud servers.

More than one-third of servers to be shipped in 2026 are likely to run either deep learning training algorithms or deep learning inference algorithms.Accelerators are likely to be deployed in the cloud servers for both public and enterprise cloud inference applications.

However, training applications are expected to account for the majority of the server applications by the end of 2026.

Asia Pacific is the fastest-growing region in the data center accelerator marketThe data center accelerator market in APAC is anticipated to register the highest CAGR of 42.7% between 2021 and 2026. The organizations in APAC have more preference for deploying a hybrid cloud. The organizations are adopting a mix of on-premises, third-party, co-location, private cloud, hosted cloud, and public clouddepending on the nature of workloads, legacy decisions made by the team, budgets, and technology maturity within the organization.The 2 major players in the data center accelerator market are NVIDIA Corporation (US) and Intel Corporation (US).Intel mainly focuses on its Xeon Phi processors and FPGA co-processors; however, NVIDIA has nearly reached a monopoly in the data centers accelerator market with its GPU accelerators.

Apart from NVIDIA and Intel, several start-ups are working on ASIC and FPGA accelerator architectures.

The breakup of primaries conducted during the study is depicted below: By Company Type: Tier 1 45 %, Tier 2 32%, and Tier 3 23% By Designation: C-Level Executives 30%, Directors 45%, and Others 25% By Region: North America 26%, Europe 40%, APAC 22% and ROW 12%

Research CoverageThe report segments the data center accelerator market and forecasts its size, by volume and value, based on region (North America, Europe, Asia Pacific, and RoW), Processor Type (CPU, GPU, FPGA, ASIC), Type (HPC Accelerator, Cloud Accelerator), Application (Deep Learning Training, Public Cloud Interface, Enterprise Interface).The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the data center accelerator market.

The report also covers qualitative aspects in addition to the quantitative aspects of these markets.

Key Benefits of Buying This Report This report includes market statistics pertaining to the processor, type, application, and region. An in-depth value chain analysis has been done to provide deep insight into the data center accelerator market. Major market drivers, restraints, challenges, and opportunities have been detailed in this report. Illustrative segmentation, analyses, and forecasts for the market based on processor, type, application, and region have been conducted to provide an overall view of the data center accelerator market. The report includes an in-depth analysis and ranking of key players.Read the full report: https://www.reportlinker.com/p05494008/?utm_source=GNW

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Data center accelerator market was valued at USD 13.7 billion in 2021 and is anticipated to - GlobeNewswire

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