Digital Is Great, But Where Are The New Business Models? (Forbes)
‘While most executives claim to be familiar with next-generation technologies, but only 10% of companies have a digital business model in place to fully use these opportunities, a recent survey of 214 US executives conducted by researchers at the ESCP Business School in Berlin and the MIT Sloan Center for Information Systems Research. The response to the business potential of digital technologies is still lukewarm at best, with only about half of executives buying into their potential. Slightly more than half, 52%, see artificial intelligence as “very” to “extremely” relevant to their businesses. Another 47% see virtual reality and augmented reality as highly relevant.’ Joe McKendrick via www.forbes.com
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Return of the transatlantic privacy war – Atlantic Council (Atlantic Council)
‘Oddly, the Schrems II case was not even supposed to be about the Privacy Shield. Max Schrems, the young Austrian privacy activist who brought the action against Facebook, had asked the CJEU only to determine whether standard contract clauses, the other principal transfer mechanism for commercial data, were consistent with EU privacy law. Another privacy activist, La Quadrature du Net, separately had filed a challenge to Privacy Shield that was pending at the CJEU’s lower instance, the General Court. The CJEU decided to decide the two matters together, however, because of the shared underlying questions relating to US surveillance.’ ‘For the time being, data transfers from Europe to the United States likely will continue unaffected under standard clauses. The EU’s Data Protection Supervisor (EDPS) has pledged to quickly develop guidance for companies on the changed legal environment. National DPAs .. may forbear from definitive enforcement action until the US government and the EU can jointly figure out a way forward.’ Kenneth Propp via www.atlanticcouncil.org
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There’s a reason your inbox has more malicious spam—Emotet is back (Ars Technica)
‘Emotet, the world’s most costly and destructive botnet, returned from a five-month hiatus on Friday with a blast of malicious spam aimed at spreading a backdoor that installs ransomware, bank-fraud trojans, and other nasty malware.’. Dan Goodin via www.arstechnica.com
