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Iteto: Digital Disruption Accelerates in the Nordics

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Nordics executives expect more radical digital disruption in the future, the Future Perspectives study reveals-- 7 out of 10 believe their current business model will be obsolete in the next 5 years, if not earlier.

Digital disruptionConducted by Kairos Future on behalf of Tieto, the study involves 500 executives from a wide range of industries across Finland, Sweden and Norway. It shows 69% of Nordic leaders estimate the rate of disruption will accelerate in the next 5 years, with 74% foreseeing disruption coming from outside their industry. The main driver of such disruption? Tech startups.

The survey respondents point out financial services, media, and retail and wholesale industries as the most heavily disrupted by tech players. Sweden sees the most disruption (at least according to 51% of execs), followed by Norway (38%) and Finland (34%). Media, retail and healthcare are anticipated to have the shortest business model lifespans, with a life of 3 years before becoming obsolete.

Cisco Presents Intent-Based Networking

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Cisco announces what it claims is one of the "most significant breakthroughs in enterprise networking"-- intent-based networking, a system able to anticipate actions, stop threats and, ultimately, "evolve and learn."

Cisco intent networkingThe principle behind intent-based networking is similar to self-driving vehicles. Whereas a traditional network requires an administrator managing of multiple tasks, an intent-based network can determine how to do a task, before automating specific tasks to make it happen.

Such a system involves a shift from hardware-centric to software-driven networking, making an intelligent, secure platform "powered by intent and informed by context." Behind the intuitive network is Digital Network Architecture (DNA), a suite of technologies and services running as a single system.

Dark Web Hosts New Mac Malware

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Security news site Bleeping Computer discovers a pair of Mac malware strains on the Dark Web-- a piece of spyware dubbed MacSpy and MacRansom, an example of Mac ransomware.

Mac malwareThe two pieces of malware are the work of the same developer (or cybercriminal group), and are found on almost identical Dark Web portals. Both websites run on a "closed" manner, meaning interested parties have to contact the malware creator for demo packages and the price negotiations.

Following the initial Bleeping Computer report, security researchers at Fortinet and AlienVault managed to get samples of the Mac malware. The two companies believe MacSpy and MacRansom are the work of an inexperienced coder, since MacRansom is not a digitally signed file (meaning it triggers security alerts if executed as a standard macOS installation) and MacSpy is built from code copy-pasted from Stack Overflow.

And the Buyer of the Toshiba Memory Unit is...

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Toshiba names a preferred bidder for the sale of its much wanted memory chip business-- a consortium bringing together the Japanese government and interests from the US and S. Korea.

Toshiba memoryThe group consists of the state-backed Innovation Network Corp of Japan (INCJ) fund, the Development Bank of Japan (DBJ) and US private equity firm Bain Capital. Also involved in financing are S. Korean chipmaker SK Hynix and the core banking unit of the Mitsubishi UFJ Financial Group. It promises to offer at least $18 billion, the minimum Toshiba is asking for the unit, and should automatically receive the Japanese government's seal of approval.

“Toshiba has determined that the consortium has presented the best proposal, not only in terms of valuation, but also in respect to certainty of closing, retention of employees, and maintenance of sensitive technology within Japan,” a company statement reads.

Zigbee Claims First Multi-Band IoT Mesh Network Technology

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The Zigbee Alliance announces Zigbee PRO 2017-- the first mesh network capable of operating on two ISM frequency bands simultaneously, sub-GHz 800-900MHz for regional requirements and 2.4GHz for global acceptance.

Zigbee Pro 2017Zigbee PRO is the underlying network technology with support for full-stack interoperable devices certified under Zigbee 3.0. Designed to connect smart devices, Zigbee PRO 2017 promises flexibility and design choice for manufacturers, consumers and municipalities wanting to connect products across homes, buildings and cities.

“PRO 2017 is the ideal wireless solution to cast large IoT networks across buildings, business parks, large facilities, cities and venues challenged by connectivity issues such as reinforced concrete and steel studs,” the alliance says. “The deployment potential is tremendous for smart homes, smart buildings and smart cities.”

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