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US-China Trade War – A Real War or Merely One of Words?

In the 21st century, the responsibilities of incorporating economic development and sustainability are global affairs. The markets have opened up to an extent and exchange of goods, services, talent, and technologies on a worldwide scale have led to the integration of national economies. As a result, free trade policies and agreements are becoming common. In an age when most economists […]

The GDPR Regulation is Here – What Does It Mean for Businesses?

What is GDPR?

After nearly three years of discussion, in April 2016, the EU agreed to adopt the General Data Protection Regulation (GDPR) framework. This regulation is to replace an existing Data Protection Directive (with effect from 1995) and will bring in provisions to protect the personal data and privacy of EU citizens, who transact with businesses within or outside the […]

Cognizant’s Indian Tax Battle – How Grave Really Is the Matter?

Towards the end of March 2018, the Income Tax Department (ITD) of India froze the bank accounts of the Indian arm of global IT firm Cognizant in Chennai and Mumbai for alleged evasion of Dividend Distribution Tax (DDT).

What is DDT? What Are the Allegations on Cognizant?

When any company in India declares dividends to its shareholders, it is liable to pay […]

Journey of the Big Four: Audit Giants Bet on Cryptocurrency and Blockchain (Part Three)

Introduction

Globally, we are witnessing that companies, researchers, governments, and even individuals are exploring the Bitcoin (cryptocurrency) and Blockchain technology to ascertain how it can be leveraged across various industries. The Big Four accounting firms also joined this trend pretty early on; to be better prepared to inculcate the technology in their offerings in the near future. The top two biggest […]

Robotic Process Automation: How Outsourcing Companies Are Riding the Tide of Change (Part Two)

The field of Robotic Process Automation (RPA) has progressed noticeably over the past few years. Robots have changed the way organizations work. RPA is one of the currently available mature technology solutions and is the most adopted automation solution within businesses today. The technology enables the automation of repeatable business processes, eliminating lower complexity tasks currently undertaken especially by back-office […]

Journey of the Big Four: Accounting Firms Join the Cloud, Analytics & AI Bandwagon (Part Two)

Introduction

During the early 2000’s, global corporations began to play around technologies which are now the founding pillars of innovation, i.e. data storage, cloud, and data analytics. These technologies will remain a part of the firms’ business model even in the coming future. Accounting firms are leveraging emerging technologies for their own and clients’ data for audits, risk management, fraud, loss […]

Robotic Process Automation: Changing Dynamics of Outsourcing (Part One)

Automation and robotics are changing the way we live and work. The pace at which automation is supplanting human exertion in Business Process Outsourcing (BPO) and Information Technology Enabled Services (ITES) firms shows that the pit between the digital-physical partitions will be crossed over fundamentally in the coming years, affecting human lives and enterprises.

Over the pasts couple of years, it […]

Journey of the Big Four: Can Accounting Companies Offer More than Audit Services (Part One)

KEY HIGHLIGHTS

Accounting Industry Transition Led by Motives of Revenue Growth, Market Share, and Competitiveness:

Global Accounting Firms Begin to Look Beyond Their Existing Comfortable Sources of Income

The Big Four Explore the Consulting Landscape by Leveraging Its Existing Pool of Expertise and Brand Name
New Ventures Bring New Risks to the Management Table:

The Enron Scandal Hits Global Accounting […]

By |March 12th, 2018|Tags: , , , , , |0 Comments

Ransomware-as-a-Service: Risks to Business and Measures for Protection

Who is Most Vulnerable & What are the Risks for Businesses?

Ransomware-as-a-Service’s (RaaS) ease of access and deployment allows it to flood the market with higher volumes of ransomware, greatly increasing an organization’s threat potential. The success of these platforms and the growing demand is driving ransomware authors to develop new distinct ransomware offerings to the market. This growth in […]

By |March 2nd, 2018|Tags: , , , , , |0 Comments

Ransomware-as-a-Service: A Rising & Grave Cyber Threat

What is Ransomware-as-a-Service?

Ransomware-as-a-Service (RaaS) is an unusual type of Software-as-a-Service (SaaS) provided through the internet as a vendor platform. Among the different kind of SaaS provided by tech vendors, RaaS is different as it represents an offering used by criminals to lock down IT systems.

How does Ransomware-as-a-Service work?

In a RaaS situation, a vendor offers malicious hackers a platform for the […]

By |February 22nd, 2018|Tags: , , , , , , |0 Comments