Global and Finance Trading at the Peak of Digital Revolution

The Dubai Multi Commodities Centre (DMCC) and Dubai government authority on commodities trade and enterprise, released a report about the Future of Trade at the 15th of May 2018.

 

The report is divided into 4 Chapters that elaborates The Changing Nature of Global Trade, Impact of Digitization, Bridging the Gap in Trade Finance and Shaping the Future of Sustainability in Trade Index.

The report also includes information to why start-ups and SMEs would grow fast as Fintech plays a pivotal role in developing platforms that would foster supply chain financing for SMEs. It is also stated that streamlined business efficiency for global importers and exporters and productivity growth may drive the economy over the next decade.

If you are feeling studious, visit the full report here for more.

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Cyber Threats for Fintech businesses

With the increasing popularity of Crytocurrency It is not surprising that a cyber threat comes with it. According to the report about cyber threats in the UK published by The National Cyber Security Centre (NCSC), the cyber crime in the country is growing and  one of the cyber threats on UK is Cryptojacking.

Cryptocurrency miners  uses Cryptojacking as a technique by exploiting victims to download files with malware that uses the victims computer to mine for their own financial gain. Therefore the victims computer will experience a slower processing power and performance. This may result in a huge problem if  Fintech businesses have been affected as the Computers processing speed for financial or banking recording purposes is very important. It is advisable to have an anti-virus or Adblocker software to prevent such possible threats.

The report also includes other cyber threats such as Ransomwares, Major security vulnerabilities, Financial sector compromise and more.

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