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Counting the cost of CrowdStrike: the bug that bit billions

CIO

As eye-popping estimates emerge for the cost to enterprises of dealing with aftermath of last week’s CrowdStrike-induced outages, it’s crucial to break down the sources of these expenses and understand how much of the financial burden will be absorbed by cyber insurance. Parametrix, known for its cloud monitoring and insurance solutions, has pegged the total loss for the 25% of Fortune 500 companies affected (excluding Microsoft) at a staggering $5.4 billion.

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Announcing a new strategic alliance with The Agile Network

Agile Alliance

Agile Alliance has partnered with The Agile Network, a new interactive streaming platform, which launched at Agile2024, offering members and the broader Agile community access to a comprehensive range of Agile content and resources. The post Announcing a new strategic alliance with The Agile Network first appeared on Agile Alliance.

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5 IT risks CIOs should be paranoid about

CIO

As a digital transformation leader and former CIO, I carry a healthy dose of paranoia. Call it survival instincts: Risks that can disrupt an organization from staying true to its mission and accomplishing its goals must constantly be surfaced, assessed, and either mitigated or managed. Is the organization transforming fast enough? Are stakeholders struggling or unhappy?

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Why your Agile team needs visual collaboration (and what to look for)

Agile Alliance

Learn what visual collaboration means, why it is essential for supporting Agile teams, and what qualities to seek out as you search for the right visual collaboration solution. The post Why your Agile team needs visual collaboration (and what to look for) first appeared on Agile Alliance.

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Solving Open Source Complexity with a Managed Data Infrastructure Platform

With its unparalleled flexibility, rapid development and cost-saving capabilities, open source is proving time and again that it’s the leader in data management. But as the growth in open source adoption increases, so does the complexity of your data infrastructure. In this Analyst Brief developed with IDC, discover how and why the best solution to this complexity is a managed service, including: Streamlined compliance with some of the most complex regulatory guidelines Simplified operations, li

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ConfusedFunction: A Privilege Escalation Vulnerability Impacting GCP Cloud Functions

Tenable

Organizations that have used Google Cloud Platform’s Cloud Functions – a serverless execution environment – could be impacted by a privilege escalation vulnerability discovered by Tenable and dubbed as “ConfusedFunction.” Read on to learn all about the vulnerability and what your organization needs to do to protect itself. Tenable Research has discovered a vulnerability in Google Cloud Platform involving its Cloud Functions serverless compute service and its Cloud Build CI/CD pipeline service.

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How to Improve Women’s Advancement Programs

Harvard Business Review

Most corporate women’s advancement programs center on teaching women a predefined slate of skills purported to give them more control over their careers. But by taking this approach, companies may be unintentionally communicating a culture of conformity by asking women to change who they are to succeed. This leaves many women, especially senior women, feeling stuck, because strong leaders need to have the ability to set expectations, not just fulfill them.

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OpenAI touts new approach to AI safety after troubling executive transfer

CIO

OpenAI announced on Wednesday a new approach to AI development, one that it said “aligns models to behave safely without extensive human data collection,” although some have raised concerns about AI interacting with AI. The move coincided with an announcement to address questions about safety priorities, following the reassignment of a key safety executive.

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The Curse of Perfection – Toil and Trouble

Perficient

“Double, double toil and trouble,” is a line repeated by the witches in Macbeth as they lay out the ominous prophecies of greatness and dire consequences for the titular character. Macbeth’s ambition envisions a perfect ending though desperate actions and moral weakness ruin it. So too are the misguided actions in pursuit of perfection which can set expectations and pressure that lead to unwanted results.

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The Botched Update Heard Around the World Calls for More Diversification

Ooda Loop

While thankfully the incident was not the result of malicious intent, it does underscore a major problem an interconnected global community has when it relies on the same products for its tech solutions

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Provide Real Value in Your Applications with Data and Analytics

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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To Make Your Pitches More Engaging, Appeal to Multiple Learning Styles

Harvard Business Review

When idea pitches fail to resonate, it doesn’t always have to do with the merit of the idea, your presentation style, or charisma; the problem could stem from a deeper disengagement in your organization. To make pitches more appealing and increase the chances of ideas resonating, the author recommends engaging three main learning styles that may be in your audience: visual, auditory, and kinesthetic.

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SAP Q2 results reveal large orgs now firmly on the path to AI

CIO

There are not many organizations that can take a hit on net profit due to monstrous restructuring costs, yet at the same time raise their operating profit projections for 2025, but SAP is one of them, according to its latest quarterly results released this week. The move to an all-in AI strategy appears to be paying off, with SAP CEO Christian Klein telling financial analysts on a recent earnings call that “AI had a direct impact on our bookings.

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The Q2 State Of Startups In 7 Charts

Crunchbase News

Two years into a venture funding slowdown, a lift from mega-rounds and AI funding signaled a stronger quarter in Q2. There are also signs that active venture investors, who backed off from the peak volume of 2021, are picking up the pace a little. However, despite the glimmer of an uptick, the overall funding outlook has not changed, as founders still face a high bar to raise funding at each stage.

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Secure Code Warrior Unveils Agent to Manage Commit Permissions

DevOps.com

Secure Code Warrior (SCW) today added an agent to its portfolio of application security that assesses the security competency of developers as they commit code to a repository.

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Secure SaaS Success: Embedded Finance as a Competitive Advantage

Speaker: Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms

Join us for an exclusive webinar hosted by Ian Hillis, SVP of Growth at Payrix and Worldpay for Platforms, where he’ll explore the significant impact of embedded finance on the software industry! This session is designed to provide you with the strategic insights needed to navigate the future of SaaS successfully, all while gaining a deeper understanding of how these trends can enhance your competitive edge, boost revenue, and deepen customer loyalty.

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Has The Collapse of the CCP PRC Begun?

Ooda Loop

A comprehensive look at the situation in China paints a picture of a nation in decline. What follows is a situational assessment designed to inform strategic planning for business and government leaders interested in comprehending what may come next.

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When Asking Too Many Questions Undermines Your Leadership

Harvard Business Review

Although it’s widely accepted that good leaders are good learners, a learning mentality can also have a darker side. If not carefully managed, it might lead to a perception of decreased effectiveness, less expertise, and lower efficiency. Your learning mentality should be the catalyst for your personal growth and development — not a reason for others to question your leadership.

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For security leaders, AI is a mounting peril and an emerging shield

CIO

The already heavy burden born by enterprise security leaders is being dramatically worsened by AI, machine learning, and generative AI (genAI). Malware, phishing, and ransomware are fast-growing threats given new potency and effectiveness with AI – for example, improving phishing attacks, creating convincing fake identities or impersonating real ones.

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Astranis Aims For The Stars With New $200M Round

Crunchbase News

Space startup Astranis raised a fresh $200 million round to build out its Omega satellite program. The new round was co-led by Andreessen Horowitz and Bam Elevate , along with participation from the likes of Baillie Gifford , BlackRock and Fidelity. Founded in 2015, Astranis has raised more than $750 million, per the company. The San Francisco-based startup develops small broadband communications satellites for telecoms.

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The Impact of AI on the Modern Recruitment Landscape

From streamlining the job search process to efficiently navigating the influx of applications, AI-powered tools can revolutionize your recruitment efforts. By combining the efficiency of AI with the expertise of experienced recruiters, you can identify the ideal candidates who not only possess the necessary skills but also align with your company culture.

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Survey Surfaces Mass Open Source Java Migration

DevOps.com

A global survey of 663 IT professionals with Java expertise finds 86% are migrating some portion of their applications to an open-source edition of the Java platform or have already migrated (25%).

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US, Vietnam discuss supplying Hanoi with C-130 military transport planes, sources say

Ooda Loop

The US and Vietnam have discussed a sale of C-130 transport planes which could take place as early as next year. In 2022, Vietnam declared its intention to diversify its stocks of military equipment to reduce dependency on Russian equipment.

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4 Ways to Meaningfully Support New Mothers Returning to Work

Harvard Business Review

Interviews and surveys of hundreds of women in the U.S. who recently returned to work after giving birth reveals four key support mechanism they value most: help navigating the HR infrastructure, creating spaces for key motherhood activities, having their identity as a worker validated, and having their identity as a mother validated. The research also explores why these four actions are particularly helpful, emphasizes that anyone can be a good ally, and recommends ways to better support non-bi

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Alphabet quarterly cloud revenues surpass $10B for first time

CIO

Alphabet, the parent of Google, had solid results in its second quarter, with revenues of US$85 billion, driven by Search, as well as Cloud, which the company said exceeded US$10 billion in quarterly revenues for the first time. Despite surpassing expected earnings, Reuters reported today that Alphabet stock shed 5.08% by late afternoon, despite “a second-quarter earnings beat, as investors focused on an advertising growth slowdown and the company flagged high capital expenses for the year.

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Generative AI Deep Dive: Advancing from Proof of Concept to Production

Speaker: Maher Hanafi, VP of Engineering at Betterworks & Tony Karrer, CTO at Aggregage

Executive leaders and board members are pushing their teams to adopt Generative AI to gain a competitive edge, save money, and otherwise take advantage of the promise of this new era of artificial intelligence. There's no question that it is challenging to figure out where to focus and how to advance when it’s a new field that is evolving everyday. 💡 This new webinar featuring Maher Hanafi, VP of Engineering at Betterworks, will explore a practical framework to transform Generative AI pr

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H2 Forecast: Who’s Next To IPO?

Crunchbase News

Last year right around this time there were rumblings of the slumbering IPO market finally reawakening. It kinda did with a few big names like Arm Holdings and Instacart testing the waters, but more hope was held out for the first half of this year. However, the IPO window so far in 2024, while slightly ajar, certainly has not seen the barrage of long-private, venture-backed companies go public many expected.

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This $45 mini screwdriver kit has a useful LED screen - and I highly recommend it

Dion Hinchcliffe's Web 2.0 Blog

The Arrowmax SES ultra mini power screwdriver kit combines high-quality hardware with customizable settings, and its one of the first I've seen with its own display.

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Daggerfly: Espionage Group Makes Major Update to Toolset

Symantec

APT group appears to be using a shared framework to create Windows, Linux, macOS, and Android threats.

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Gen AI is Coming for Remote Workers First

Harvard Business Review

Automation has historically impacted blue-collar jobs first, whereas white-collar jobs benefited. The wave of remote work brought on by the Covid-19 pandemic further empowered white-collar workers with more autonomy through remote work. However, generative AI is changing this narrative. Remote workers are now more susceptible to automation due to their tasks being digital and thus more easily automated, but also indicates large potential productivity benefits.

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10 Rules for Managing Apache Cassandra

It’s no surprise that Apache Cassandra has emerged as a popular choice for organizations of all sizes seeking a powerful solution to manage their data at a scale—but with great power comes great responsibility. Due to the inherent complexity of distributed databases, this white paper will uncover the 10 rules you’ll want to know when managing Apache Cassandra.