The Bank for International Settlements (BIS), a financial institution owned by the world's central banks, has called for a new governance system that gives consumers and companies more control over data shared with social media platforms and banks.
Millions of people in the UK are sharing their passwords with scammers on social media platforms like Facebook and Instagram without knowing, research from TalkTalk has found. “With internet usage at record levels, it’s never been more important to stay safe online,” said TalkTalk’s head of customer security, Mark Johnson.
Nearly 50 per cent of firms in the European Union (EU) have invested in digitalisation as a response to Covid-19, a new report from the European Investment Bank (EIB) has found. The research revealed that digital companies fared better than non-digital organisations during the pandemic.
Tech Nation has said that the UK needs to do more to keep British technology companies in Britain. After the collapse of its planned sale to Nvidia, Arm’s parent company SoftBank reportedly said that a US listing would be most suitable.
The UK’s competition watchdog has raised concerns about a merger between two emergency service software providers. The Competition and Markets Authority (CMA) said that NEC Software Solutions’ purchase of SSS raises competition concerns in the “supply of vital software to emergency services and transport customers”.
Brownies will have the opportunity to learn new digital skills like coding and working with algorithms as part of a partnership with Google. Girlguiding, the UK charity behind the Brownies, is expanding an existing relationship with the tech giant with the aim of inspiring young girls and women to pursue technology interests.
Europe’s small deep tech companies are lagging behind companies in the US, according to a new report from the European Investment Bank (EIB) and the European Patent Office (EPO). The study identifies the “unique obstacles” that SMEs face in developing advanced digital technologies in the EU.
The number of daily active users on Facebook is once again on a positive trajectory. The social media platform saw the number of daily users increase by four per cent in the first quarter of the year, despite reportedly recording its slowest revenue growth in 10 years.
techUK has launched a new report calling for data to be positioned at the centre of the criminal justice system to “improve user experience”. The technology trade association says that the challenges of data sharing are disrupting the development of an efficient criminal justice system.
The chancellor has announced a new fraud squad made up of analytics experts and economic crime investigators to “crack down on criminal gangs” stealing taxpayer money. The £25 million central government taskforce, based in the Cabinet Office, is set to be operational by the summer.
In the near future, all consumers will use an app that empowers people to control and earn from their data, the founder of tech company Gener8 has said. Sam Jones, who pitched his idea on the BBC’s Dragon’s Den programme last year, launched a company that gives people the choice to keep their data private online or be rewarded from it.