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Cybercrime hits financial firms hardest: PwC survey

Cybercrime hits financial firms hardest: PwC survey | GIBSIccURATION | Scoop.it

cybercrine - Cybercrime is the second most common type of fraud reported by financial firms, more than double the level across other industries, as criminals turn increasingly to technology as their main weapon against banks, a survey showed.

GIBS Information Centre / GIBSIC's insight:

cybercrime -  Some 45% of financial firms were victims of fraud last year, PwC's 2014 global economic crime survey showed. The survey, based on responses from 1,330 companies in 79 countries, showed theft was responsible for the highest share of economic crime, followed by cybercrime, money laundering, accounting fraud and bribery and corruption.

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Startup 101s: The Business Model - Boardroom

Startup 101s: The Business Model - Boardroom | GIBSIccURATION | Scoop.it
Startup 101s: The Business Model
GIBS Information Centre / GIBSIC's insight:

Business models- "

Well-thought out business models set the pace for organizational growth and above average returns. Developing the right product is hard, but even harder is building a good business model. Management writer, Joan Magretta defines a business model as “the story that explains how an enterprise works”. A business model shows how your business is going to generate revenues and profits. It details your long term strategy and day-to-day operations.


Here are six components to take into consideration when developing a business model"

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Digital Business Incompetence Will Cause 25 Percent of Businesses to Lose Competitive Ranking by 2017, Gartner Says

Digital Business Incompetence Will Cause 25 Percent of Businesses to Lose Competitive Ranking by 2017, Gartner Says | GIBSIccURATION | Scoop.it
Digital business incompetence will cause a quarter of businesses to lose competitive ranking by 2017, according to Gartner, Inc.
GIBS Information Centre / GIBSIC's insight:

Digital competence - 

Digital business has rapidly become a lingua franca of modern business, a common and unifying language across people whose native languages — in the modern age, the languages of organizations, companies, cultures and occupations — are different.

To jump-start digital business activity, Gartner recommends identifying key strategy players and possessors of technology and business expertise both inside and outside the enterprise and engaging them to launch a digital business community of practice to enrich cross-business understanding. CIOs who learn to orchestrate talent across multiple employment models and channels can take advantage of global ecosystems to build digital expertise quickly.

"Demand is growing for insight into digital business, particularly among CEOs and CIOs who fear that their companies may be falling behind new business models and competitive opportunities," said Ms. Morello. "Their concern is justified. Digital business will concentrate almost exclusively on new sources of revenue derived from new products, services, channels and information for new customers and constituencies. On top of the expectation that digital business expertise will spread around businesses within two or three years, other indicators suggest that digital business represents not an extension of the past, but rather, a different trajectory. Revenue ambitions will go unmet if CIOs and senior executives ignore the cultural and organizational challenges that accompany digital business."   -   The world of digital business does more than pose challenges for CIOs and other executives. It also opens opportunities to use digital technology to reach beyond organizational boundaries, to assemble problem-solving expertise from around the world, to weave a fabric of knowledge and expertise across communities of practice, and to understand and exploit new models of work. Notably, the quest for digital business expertise provides an undeniable opportunity for CIOs and HR executives to create a robust alliance that helps them meet their respective outcomes. Leading-edge CIOs become leading edge because their HR and talent strategy counterparts support them.

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