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Freeman Cebu Business

Should we be worried about these issues?

INTEGRITY BEAT - Henry Schumacher - The Freeman

Facebook users' personal data found for sale on hacker forum

Are you scared about the latest bad news about Facebook that private and personal data of more than 1.5 billion Facebook users was found for sale on a hacker forum? I am.

Reported by privacy research company Privacy Affairs, the data found for sale doesn't indicate that the seller actually broke into Facebook's systems, nor that its data tied to any other data breach. Instead, Privacy Affairs said that the data was allegedly obtained by scraping publicly available data shared by Facebook users.

The stolen data contains names, email addresses, locations, gender, phone numbers and Facebook User ID information. Each bit of that data could clue an attacker into password challenge answers, allow them to intercept one-time login codes, phish, send scam text messages and more.

If you are scared also, be very careful in sharing your data on social media!

The National Privacy Commission is telling the public to be more vigilant of cybersecurity attacks.

The National Privacy Commission (NPC) ordered 58 local government units (LGUs) to comply with the privacy laws in their enforcement of contract tracing efforts amid recent reports of ‘smishing’ attacks. ‘Smishing’ happens when fraudsters send mobile text messages to victims, tricking them into clicking malicious websites. These sites may steal users’ personal data, introduce mobile malware, and even commit fraud.

The NPC noted that ‘smishing’ can also be present in online shopping or delivery, sending a shortened link that leads to websites asking victims to provide their personal and banking information to complete the transaction.

The Facebook personal data breach and the examples of fraud highlighted by the NPC are clear signs that we have to be much more aware of fraudsters and have to protect our personal data.

The New Energy Crisis hitting the world

Energy experts have been reporting dramatic figures for days: the price of Brent oil has doubled within a year, the price of gas rose by 130 percent, and that for coal by as much as 342 percent. The figures show: The world is facing a new energy crisis - a crisis that affects almost all economic areas.

From an economic point of view, a dangerous mixture is brewing here. Because the energy prices are driving inflation rates up month after month.

This is affecting us in the Philippines too.

Supply Chain disruptions are slowing global recovery

Fluctuating demand, supplier disruption, and new routes to market all require agile supply chain responses that keep goods flowing and customers happy.

COVID-19 has accelerated digitization to help with these responses, but supply chain and aftersales operations still face an uncertain future.   Should companies reduce cost and complexity or maximize sales? Which supply chain investments will deliver the quickest returns?

Covid-19 has forced supply chains to reimagine manufacturing operations. It involves tracking production, inventory, suppliers, and logistics to restore local, regional and international operations without disrupting current trade. This massive move requires elaborate data processing and analytics to move and manage supply chain operations.

A typical transportation management system only does half the job. But, a holistic logistics intelligence system with operational modeling capacities helps business to reassess operational decisions based on inventory data and real-time status because smart shipping decisions are datapowered.

Having instant and accurate access to distribution center activity, real-time carrier delivery statushelps to mitigate the financial risks involved in supply chain management.

A logistics intelligence system not only helps you optimize your supply chain networks but also optimize packages for healthy shipping rates and reduced overhead costs and penalties. Need help setting up a logistics intelligence system to expand and profit from your supply chain operations? Take proactive steps to optimize your supply chain today.

These issues will still affect us in 2022. Feedback is appreciated; please contact me at [email protected]

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