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Trends

  • Superbalist sees 143% spike in website traffic on Black Friday 2017

    Black Friday 2017 was fashion etailer Superbalist's "biggest trading day to date" the company announced. The South African company experienced sales growth of 118% when compared to Black Friday 2016, with a 143% spike in website traffic year-on-year also recorded Like its owner Takealot, Superbalist also experienced downtime in the early hours of Friday morning. This however seemingly had minimal effect on its numbers, according to Superbalist's head of brand Klyne Maharaj, "By 5:30am we’d achieved over 10% of the day’s target (more than a third of last year’s target) and we saw another spike in traffic later that afternoon as people...

  • Black Friday 2017 was the biggest ever in US history, stats suggest

    Singles' Day may have become Alibaba's biggest one-day sales period raking in some US$25-billion, but Black Friday is still a force in the western world. According to Adobe Digital Insights, more than US$5-billion was spent in the United States on Black Friday 2017. Two-fifths of that was spent using a mobile device. Overall, that's a jump of nearly 17% over the previous Black Friday. The company analyses around 80% of transactions conducted online, from 100 of the States' largest online retailers. But Adobe wasn't the only company watching shoppers (a tad creepy, agreed). Salesforce's owls saw a jump of 24% in digital...

  • One Bitcoin is now worth over R133 000

    While you may be smarting over the current Dollar/Rand or Euro/Rand exchange rate, spare a thought for those wanting to purchase a single Bitcoin. The price of the digital cryptocurrency has this weekend surged to US$9602 -- or just under R133 800 at the time of writing. That means that a single Bitcoin could buy a small family hatchback, around 130 return flights between London and Cape Town, or a Big Mac meal for every meal of the day for nearly three years. The latest record-high price comes after the currency gained more than 17% this week, after it broke the US$9000...

  • Grey Saturday: the safest shopping day of the Black Friday weekend

    What is the safest day to shop online during the sales season? That's a question many a budget hunter should be asking over the Black Friday weekend. Cybersecurity company Kaspersky believes that it has the answer. Between Black Friday and Cyber Monday, there's a lesser known shopping day dubbed Grey Saturday. And yes, it's name isn't quite as catchy. It does however hold one particular distinction. According to Kaspersky's data, Grey Saturday is the safest day to shop online during the Black Friday weekend. The company recorded a dip in reported phishing attacks through 2015 and 2016 when compared to the likes of...

  • Takealot CEO Kim Reid chats Black Friday, the ‘War Room’ and fidget spinners

    "I think it's grown over time" is how Takealot CEO Kim Reid describes Black Friday. And he's not wrong. In November 2016, South African retailers saw a 10% increase in sales over the same period in 2015, this due to the increase in popularity of Black Friday and Cyber Monday. This year, Takealot itself is forecasting gains of nearly R80-million over last year's haul of R56-million for the Black Friday weekend. But for the Cape Town-based etailer, that forecast stems from years of planning. We recently sat down with Reid to discuss the formidable day, the business's operations as a whole, and...

  • Uber debuts its very own credit card

    Tech companies very rarely remain in their niche. Over time, we've seen Google become a hardware company, Microsoft transform into a creator of Android apps, and now Uber is introducing a credit card. Yes, that's right. Uber, the on-demand transportation company, is introducing a credit card. Powered by Barclays and Visa, the Uber Card will operate similarly to other credit cards. Only available in the US for now, users can sign up via the app. According to TechCrunch, the card will be available to use immediately on Uber services once credit worthiness is approved, and a physical card will be issued at...

  • ‘Pay with Google’ simplifies mobile payments on Android

    Filling out forms completely suck, and even more so on mobiles. This is especially true when you just can't wait to part with your hard earned cash for that oh so cheesy pizza. But Google hopes to make this quarrelsome system a little simpler. Its "Pay with Google" service, previewed in May, is now live in the United States. The service should also be live in countries that support Google's Android Pay infrastructure. Replacing forms altogether, Pay with Google lists the credit and debit cards you've connected to your Google Account, or via its other services like Google Play or YouTube. During...

  • Mastercard opens its blockchain APIs for B2B payment solutions

    Blockchain technology is all the rage right now, but slowly it's becoming less of a fad and a more commonplace solution for big technology and financial firms. The latest to adopt it wholeheartedly is Mastercard. Already using the technology in-house, the company today announced that it will open up its blockchain APIs to developers looking to build solutions on top of its product. "Mastercard's blockchain solution provides a new way for consumers, businesses and banks to transact and is key to the company's strategy to provide payment solutions that meet every need of financial institutions and their end-customers," the company noted...

  • AI, blockchain and fake news: the next decade according to Gartner

    The world is set to change drastically in the next decade as technologies like the internet of things (IoT), artificial intelligence (AI) and blockchain transform industries and lifestyles. Of course, that's if we as a species manage to make it to the next decade. Intelligence firm Gartner recently revealed how the aforementioned technologies will influence life on Earth, and the digital realm, beyond 2020. 2020 "Counterfeit reality" is set to become one of humans' and AI's biggest problems AI will begin to confuse itself Gartner doesn't think 2020 will be a good year. It mentions that artificial intelligence's ability to create content -- what it...

  • Kaspersky: manufacturing industry sees most cyber attacks in H1 2017

    Cybersecurity has been at the forefront of conversation for companies and individuals this year, especially in the wake of the Equifax hack, the Deloitte breach, and Yahoo's big revelation yesterday. But which industries are the most attacked? Kaspersky today issued its Threat Landscape for Industrial Automation Systems in H1 2017 report that revealed some notable worldwide internet security trends. Based on the company's findings, March was the most active month for cyber attacks so far. Kaspersky also claims its products blocked around 37.6% of attack attempts on ICS computers in the first half of 2017. "This figure was almost unchanged compared to the previous...

  • ‘All Yahoo user accounts’ were affected by 2013 hack

    When Yahoo announced that a billion users were affected by its 2013 hack, the internet weathered a collective cold sweat. But the story isn't quite done yet. The internet company's parent firm Oath today released "new intelligence" regarding the breach. "Subsequent to Yahoo's acquisition by Verizon, and during integration, the company recently obtained new intelligence and now believes, following an investigation with the assistance of outside forensic experts, that all Yahoo user accounts were affected by the August 2013 theft," Oath, also a subsidiary of Verizon, confirmed in a press release. That's three-billion users. While Oath confirmed that the orchestrators of the hack...

  • 3 ways employees can risk your firm’s cybersecurity (and what to do about it)

    Employees have been called the weakest link in a business's cybersecurity – a particularly notable problem in a time where high-profile hacks and ransomware attacks are on the rise. A favourite target of hackers is small-to-medium business – as they often have higher cash pools than individuals, but lack the cybersecurity of major institutions. But even if your cybersecurity is up to scratch, an employee who is unfamiliar with digital threats can cost you dearly. Here are three ways your employees can put your business cybersecurity at risk: Opening emails with malicious software While many people have wised up to the typical scams that...

  • Blockchain & cryptocurrencies: gungho or hell no?

    Luno, the digital currency company with offices in Cape Town, had just announced a US$9-million Series B funding round, and its plans to expand to several new European markets, taking its Bitcoin wallet to 40 countries in total. It seemed like cryptocurrency and blockchain interest might be finally tipping from a fairly geeky quadrant of the internet to something a bit more mainstream. Until in walked Gartner with a hefty, and probably justified, dose of realism around blockchain during its Symposium/ITxpo last week. "We have not moved beyond financial services into some of the areas that we thought would have moved faster,"...

  • Deloitte hit by cyber attack, emails possibly compromised

    According to a report by The Guardian, accounting and consulting giant Deloitte is today the latest global firm to succumb to a cyber attack. The firm had reportedly known about the breach since March 2017, but hackers may have been able to access data on Deloitte's systems since October 2016. By compromising an administrator account that lacked a two-factor authentication system, the attackers theoretically had "access to all areas", The Guardian notes. Along with emails from the company employees, the attackers may have been able to access usernames, passwords, IP addresses and other sensitive information stored as attachments. An administrator account lacking two-factor...

  • Today at Memeburn: why the site was temporarily down

    On 20 September, you may have noticed that Memeburn was inaccessible. On Monday, you also may have noticed a spike in CPU usage when visiting any of the site's pages. Upon deeper inspection by our developers, we discovered a script that used our visitor’s CPU power to mine cryptocurrency. The script was injected into a segment of our website's source code. Said script was from Coinhive -- a service that allows site admins to embed a line of Javascript in their websites to secretly mine a cryptocurrency called Monero. The Pirate Bay also sported a similar line of code in a covert test...