As with a lion in Africa, a “watering hole” cyber attack refers to a process where someone profiles the victim using the kind of websites they visit, tests those websites for vulnerabilities and then stakes one out to target a victim, install malware and attack.
In the past 16Ys, the number of women-owned businesses grew at 1.5X the national average. In fact, the study found that the growth in the number, employment and revenues of women-owned firms over this period exceeds the growth rates of all but the largest, publicly traded firms. It also handily beats the growth rates in number, employment and revenue of all privately held businesses over this period.
A survey of small business owners by Constant Contact finds 66% use a mobile device (smartphone or tablet) in their business. In addition, 82% use a calendar app, 74% communicate with customers, 52% use GPS and mapping, 44% use accounting or invoicing and 44% read industry news.
Bring your own Identification (BYOID) is the new term for biometrics. Research by Unisys finds the top customer preferences by device are voice recognition (32%); fingerprint (27%); facial scan (20%); hand/palm (12%) and iris (eye) scan (10%). As mobile device usage and mobility increase, passwords are becoming too difficult to handle, so more efforts are moving into BYOID.
If you are wondering why biometrics or BYOID is gaining traction, consider research by Harris Interactive finds 58% of people have 5 or more passwords, 30% have 10 or more and 8% have 21 or more. Maybe that is why nearly 40% of people have to ask for assistance to reset a password at least 1x per month.
Research by the ABA finds 62% of people say the internet is their preferred method of banking, followed by 20% who say the branch.
A study by the Self Storage Association finds 10% of households pay for extra storage space to handle the overflow of their things. This is up 65% since 1998.
Research by the Federal Reserve finds 28% of mobile phone owners have used mobile banking in past 12 months – a 33% jump vs. prior year. Further, 48% of smartphone users have done banking through their phone in past 12 months – a 14% increase vs. prior year.
A survey of small businesses by the National Small Business Association finds 40% outsource their payroll management.
The FHFA said FNMA and FHLMC will only be able to purchase “qualified mortgages” under the CFPB’s ability-to-repay rule (full amortization, 30Ys or shorter maturity, points & fees of less than 3%) going forward.
A Manta survey finds nearly 40% of small business owners say they are seeing a return on investment from using social media. Further, 74% have one person dedicated to social media activities and 81% have increased the amount of time they are investing in social media vs. last year.