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Thursday, April 11, 2019
According To McAfee, Sometimes Humans Do Better Than Machines

In the last post in this particular series, McAfee technologies looked at the process by which data and information are collected from the operating environment and is then finally processed and distributed in a consumable manner as data and information. The processing and collection actions are typically automated. However, the very last phase, analysis, has been almost exactly the domain of human analysts until quite recently. To know more about McAfee, you can visit McAfee.com/Activate.
And it is that human intervention at the very last mile for intelligence that presents the challenge when the environment which you are operating is throwing off 1,200, or even 100,000 warning bells a single day from a chatty Network IPS.
It would be quite easy to say that the way forward is to actually apply artificial intelligence (AI) to this phase of analysis and automate our way out of the final chokepoint. But the reality is that artificial intelligence, for the foreseeable future is still going to be quite insufficient for that particular task.
In data science, there is an absolutely direct correlation between the true positive rate and the false positive rate, resulting in a model that is less than 100% accurate. While the execution of deep learning and machine learning is critical in the SOC, it is quite essential to understand the relationship between the curves of Receiver Operating Characteristics (ROC) in the SOC. Assuming that models of machine learning and classifiers will work 100% accurate of the time is setting your SOC up to fail. Instead, a much better approach is to use multiple different technologies to filter out the complete noise. Then you can easily identify signals to gather insights that enable you to make a proper decision.
What is required here is a reinforcing loop of information and education between machines and humans, human-machine teaming to borrow from the CTO, Steve Grobman. The goal is to augment that particular person, instead of entirely replacing them.
It is quite important to say that there are some of the things that human analysts can do on their own to get to actionable insights without the help of any machine. At McAfee technologies, our security analysts focus on the following:-
- Prevalence – How much pertinent is this data and information to the enterprise? Is it local intelligence of threat? Or used in quite a specialized way? Is it global threat intelligence?
or industry-level threat intelligence? - Age – Understanding brand new signals, whether they are scripts, process, or files in the environment.
- Diversity – By leveraging prevalence, McAfee technologies apply diversity from sources like Global Threat Intelligence of McAfee (GTI), which allows for much more context across the globe.
Additionally, these traits are essential to the processes of SOC:-
- Completeness – Do you have a sufficient collection of noise to capture evidence and context to deliver effective detection?
- Timeliness – Are you acting quickly on the signals?
- Accuracy – Do you understand the relationship between false positives, true positives, true negatives, and false negatives?
- Confidence – Are you aggregating models and data to understand the confidence level and importance of the multiple different decisions?
You will always want a lot of signals to investigate which can be created using methodologies of data science because these are often the only clues that allow you to start the investigate and triage process.
So this is where machine learning and automation can help to bridge the labor gap of humans. As you start down that particular path, what you realize is you are going to require tools that are quite easier to manage. The focus becomes on enabling your staff to do a lot more. Learning mechanisms for both humans and machines become a vital part of the equation. The particular idea is to put the human in the middle of the self-reinforcing the capabilities of data science like machine learning, deep learning, and Artificial Intelligence.
John woods is a self-professed security expert; he has been making the people aware of the security threats. His passion is to write about Cyber security, malware, social engineering, Games, internet and new media. He writes for McAfee products at www.mcafee.com/activate .
Wednesday, April 10, 2019
Gartner Peer Insights Recognition for McAfee Security Information and Event Management

We are proud to say that McAfee software program has received recognition from all the customers with the 2018 Gartner Peer Insights Customers Choice award for the Security Information and Event Management (SIEM). This is a recognition of quite high satisfaction from multiple numbers of reviews by verified end-user professionals. To make sure fair evaluation, Gartner maintains rigorous criteria for recognizing different vendors with a very high customer satisfaction rate.
If you do not know much about our SIEM product i.e. McAfee Enterprise Security Manager (ESM), we encourage you to read a blog post published back in the month of March (Is Your SOC Caught in the Slow Lane) for some more details and information. ESM 11 is a modern Security Information and Event Management (SIEM), which we define as having a scalable and open data architecture, advanced analytical capabilities and the ability to enrich quickly and share quite relevant data.
And while Gartner has named McAfee software a Leader in the Magic Quadrant for Event Management and Security Information over the past 7 complete years, something that makes us completely proud, we are most appreciative of our clients who support our technologies and share their opinions through various discussion forums like Gartner Peer Insights. We believe the passion and voice of our clients are critical to our success and motivates us each and every day.
The corporate tag line of McAfee is Together is Power. We are quite stronger when we work together with partners and customers. Put another way, we recognize that companies, and in this context, various teams of security operations, use a wide variety of tools, that is why our Security Operations platform, that includes our SIEM, is strengthened by a lot of partners in our Alliance of Security Innovation (SIA). Time to value is quite important when bringing several new tools into the environment of the customer. And while we know many organizations want to reduce the specific number of tools used in their environment, research shows 25% of events of security go unanalyzed. And 39% of cybersecurity companies manually process, collect, and analyze external intelligence feeds. That means there is quite a room space for solutions like ESM, which can particularly reduce complexity and improve critical security outcomes, such as detection to mean time and respond to mean time, and efficiently address critical compliance requirements.
Gartner Peer Insights distinctions of Customers Choice are determined by the subjective opinions of individual customers that are end-user based on their own experiences, the various number of reviews published on Insights of Gartner Peer, and overall ratings for a given vendor in today’s market, as further described here, and are not intended in any way possible to represent the views of Gartner or its affiliates.
Gartner Magic Quadrant for Event Management and Security Information, Kelly M. Kavanagh, Toby Bussa, 4 December 2017. From the year 2015-16, McAfee company was listed as Intel Security, and in the year of 2011, McAfee company was listed as Nitro Security since it acquired the whole company in the year of 2011.
Gartner does not endorse any particular vendor, service or product depicted in its research publications, and does not advise users of the technology to select only those particular vendors with the highest overall ratings or some other designation. Gartner research publications consist of the opinions of the research organization of Gartner and should not be construed as the statements of the fact. Gartner disclaims all the multiple warranties, implied or expressed, with respect to this particular research, including any warranties of fitness or merchantability for a particular purpose.
Robert Williams is a self-professed security expert; he has been making the people aware of the security threats. His passion is to write about Cybersecurity, malware, social engineering, Games,internet and new media. He writes for mcafee products at www.mcafee.com/activate or mcafee.com/activate.
Tuesday, April 9, 2019
Steps to fix Error Of McAfee Subscription After Buying The Renewal

Fixing McAfee Antivirus Subscription error purchasing renewal – Sometimes you may face an error with Subscription even when you have just renewed the McAfee Antivirus software product. There could be a various number of reasons for this McAfee Antivirus Subscription error. You can also visit McAfee.com/Activate for any other information. Some of the similar problems are given below:-
- How to renew the subscription McAfee Antivirus software product for absolutely free.
- McAfee Antivirus subscription renewal.
- McAfee Antivirus subscription verification not working.
- McAfee says my subscription has been expired.
- McAfee account problem.
- Verify subscription McAfee in Windows 10 operating system.
- How to disable the McAfee Antivirus software program after the subscription expires.
You Need To Verify Whether The Subscription Is Properly Renewed Or Not:-
If you are unsure about your McAfee Subscription then it should the first thing to properly check. To check whether you have an active McAfee Antivirus subscription, try this method.
- Check the Box of Email for verifying emails regarding the new McAfee Antivirus subscription.
- When you buy or renew your McAfee Antivirus subscription, a confirmation email is sent to the inbox of your registered email address.
- This email contains all the details and information regarding the newly renewed product.
- Details like date of renewal, order Number, subscription expiry date, etc.
- Verify the Subscription by visiting the official McAfee Account.
- On the web browser, go to the official website of the McAfee through McAfee.com/Activate.
- Sign in to your official McAfee account using your sign in credentials like password and email address.
- Hover your Mouse over My Account and choose the option of Subscription.
- Here you can see your renewed McAfee product.
- Hover your mouse over My Account and choose the option of My Profile.
- Here you can see the date of expiration of the McAfee software product.
If the above steps are a bit difficult for you to execute and understand to fix McAfee Antivirus Subscription Error then you can call for support at the customer support number anytime you want.
Run The McAfee Virtual Technician:-
McAfee Antivirus software program provides their users with MVT (McAfee Virtual technician) tool which helps the user to fix any specific problem with the McAfee software product without going in depth of the technical aspect of the software program. To run this particular tool on your device to eliminate any problem related to Subscription issue, follow these steps given below-
- Firstly, start by opening the internet browser and visit the Troubleshoot & official Repair page of McAfee.
- Click on the Install and Download button. The download will start automatically.
- Once the download is completely finished, double-click on the mvt.exe file to run on the device respectively.
- When the User Account Control window appears on the screen, click on Yes button. This to allow the software program to make changes in the device.
- Wait for McAfee Virtual Technician to install and initialize.
- Then Run the McAfee Virtual Technician on the system and check whether any problems found by the software program.
- If yes, then choose the option to auto-fix the respective error.
- In case, no error is found, close the McAfee Virtual Technician tab.
If your McAfee Antivirus Subscription error is fixed then start using your McAfee Antivirus software program. In case you are still facing any problem then you either try other methods or call McAfee Customer Support.
Chaek The Settings Of Your Computer System:-
Sometimes the time settings on your device get completely changed and this leads to the computer system to unable to understand the actual time zone. In that particular case, you must verify that the settings on your computer system are correct:-
- Firstly, Double-click the clock that is in the Notification area at the bottom of your desktop.
- Verify that your computer system date, time zone and time are correct.
- If required, adjust the system date, time zone and time.
- Once, you are satisfied with the time zone settings, Reboot your computer system.
Robert Williams is a self-professed security expert; he has been making the people aware of the security threats. His passion is to write about Cybersecurity, malware, social engineering, Games,internet and new media. He writes for mcafee products at mcafee.com/activate.
Monday, April 8, 2019
Google, Twitter, Facebook Concerned Over The Fake News Laws Of Singapore

Tech giants like Google, Twitter and Facebook have reacted with quite worrying after Singapore proposed laws against fake news allowing authorities to order the content removal and impose heavy fines, in what critics say is an assault on speech that is free.
The government unveiled a bill last week containing measures that are quite tough, including powers for all the ministers to order social media sites such as Facebook to put warnings next to posts authorities believe to be false and in most extreme cases take them down.
If an action is deemed damaging and malicious to interests of Singapore, organizations could be hit with fines of up to SGD 1 million ($740,000). Individuals could easily face jail terms of up to approximately 10 years.
Authorities in the country that is tightly-controlled – long criticized for restricting liberties of the civil – insist the measures are quite necessary to stop the circulation of multiple falsehoods which could sow divisions in the multi-ethnic city-state.
But freedom groups of press condemned the proposals, saying they could stifle online discussion, as did all the tech organizations which have big investments in the city that is ultra-modern.
As the legislation that is most far-reaching of its kind till date, this level of overreach poses multiple significant risks to freedom of speech and expression, said the Asia Internet Coalition, an industry association whose several members include Facebook, Twitter, and Google.
Simon Milner, vice president of Facebook of public policy in Asia-Pacific, said the social media giant was worried about potentially being compelled to remove all the content.
Giving people a place to completely express themselves safely and freely is quite important to us and we have a responsibility to handle any request of the government to remove alleged misinformation thoughtfully and carefully, he said in a statement.
The Internet is actually quite a free space in Singapore and there are some local alternative news websites, that are typically much more critical of the authorities than the traditional, pro-government TV and newspapers.
The country Singapore is among various multiple countries pushing the legislation to fight fake news, and the government stressed ordering corrections to be placed alongside various falsehoods would be the primary response, rather than fines or jail.
A decision of the government can also be appealed to the courts.
K. Shanmugam, home and law affairs minister, said in a post on Facebook that the proposed law targets false statements of fact – not criticisms, not opinions.
Ultimately, disagreement over falsity and truth will be decided by the courts.
Facebook, Google, and Twitter have their Asia headquarters in Singapore, a city of 5.6 million population which is popular with expats as it is developed, efficient and safe.
But there were already signs of tensions with various tech organizations as the government prepared to unveil the laws. During parliamentary hearings last year about tackling online several falsehoods, Facebook and Google urged the government not to introduce any new laws.
In November, Facebook refused a polite request to remove an article linking Singapore to a scandal that is financial in Malaysia which the government said was untrue – prompting the ministry of law to say the firm, cannot be relied upon to filter these falsehoods.
Critics say one of the most concerning aspects of the new legislation is that it is up to several authorities to decide what is false and what is actually not.
While the law authorities insist decisions can be appealed, Kirsten Han, the Singapore-based regional news editor site New Naratif, said most people do not have the will or the resources to fight the government alone.
Robert Williams is a self-professed security expert; he has been making the people aware of the security threats. His passion is to write about Cybersecurity, malware, social engineering, Games, internet and new media. He writes for Netgear Router products at mcafee.com/activate.SOURCE –
http://mcafeeassistancenumber.com/news/google-twitter-facebook-concerned-over-the-fake-news-laws-of-singapore/
Friday, April 5, 2019
Steps For Installation And Login Of Netgear Wi-Fi Router

Many people struggle a lot in getting to the login page of the Netgear WiFi Router. Netgear company has some of the most robust WiFi routers in the market. These WiFi routers allow you to access the high-speed internet at your home or in the environments of your office with their robust devices. Home broadband WiFi routers basically have two different IP addresses allotted to them. One IP address is used for local communication, inside the network of the home which is also called your private IP address which is now we have for the login page of Netgear WiFi Router. However, the other IP address is used to connect to the wireless networks outside of the local setting, that is your IP address which is public. The public address is being provided by your internet service provider (ISP), whereas the private IP address is controlled by the admin on the home network, i.e., your computer system or laptop. We have Netgear router support to resolve your doubts regarding the Netgear router.
So, if you have recently bought a new Netgear WiFi router or have never changed or modified the local IP address before, your default IP address would be that of the Netgear WiFi router IP address, as the manufacturer supplies it. So in order to make the changes that are necessary for the WiFi router settings, the admin should know the Netgear WiFi router login IP for it to connect to the console.
The IP address of the WiFi router is usually the address of default gateway, which means it allows communication exclusively between its multiple different devices which are operating on different network connections. This works in the form of a website URL, by directing the internet browser to the IP address.
Steps To Getting Login Page of Netgear WiFi Router:-
The default Netgear WiFi Router Login IP address is usually 192.168.1.1. You can easily connect to the WiFi router through this URL by simply using the http:// followed by the above-given IP address. If 192.168.1.1 does not work, you can check the back sticker or label on the WiFi router, which contains the information of the default login along with the default password and username that helps to access Netgear WiFi Router.
Steps To Access Netgear WiFi Router IP Address:-
The home WiFi router uses the private IP address by default unless manually changed by the admin. Moreover, if you have noticed different IP addresses on your wireless network, it is quite better to change the factory IP address to the one that you actually want.
The default Netgear WiFi Router login IP can be changed during the initial process of installation or can be changed later on. Changing the IP address does not actually affect other WiFi network settings like the subnet, DNS, or your wireless network settings. Internet service providers authorize and track home WiFi networks based on the wireless routers public IP address and not the local one. Resetting the WiFi router will replace the WiFi network settings back to its default factory settings along with local IP addresses, even though the admin has changed it. Remember, resetting the WiFi router does not mean to have the settings which are been saved. And turning the device Off and On or even various power cuts do not change the configuration settings.
Steps To Login To Netgear WiFi Router:-
Netgear has its own service of different websites, i.e., routerlogin.com and routerlogin.net. These websites will work particularly only when accessed from Netgear WiFi routers. These websites allow users to access their consoles by username rather than by using the different IP addresses. This is quite easy to use as names are much easier to remember than a numerical address. Follow these simple and easy steps to know how you can log into your Netgear WiFi router:-
1. Firstly, open any web browser like Google Chrome and go to http://www.routerlogin.com or 192.168.1.1.
2. Once you get the page of login, fill in the login details on the login page, i.e., use password as your password and admin as your username.
3. Finally, on clicking the OK button, you will be logged in to your Netgear WiFi router. Once you log in, you can change any settings as you want to.
If you have any queries regarding the Netgear router installation or the login or the update, then you can contact the Netgear router support which is available on our website.
Robert Williams is a self-professed security expert; he has been making the people aware of the security threats. His passion is to write about Cybersecurity, malware, social engineering, Games, internet and new media. He writes for Netgear Router products at netgar router support.
Monday, April 1, 2019
BioWare Company apologize for the terrible player experience of Anthem

With the storm of outrage seemingly taking over the subreddit forum of the game Anthem, the lead producer of the game Ben Irving responded to one disgruntled poster, assuming all the responsibility for the state of all the Strongholds and listing the changes which they plan on doing on their own.
The actual major problem that the subreddit user Darthchrisshaw was experiencing was finally getting a major legendary loot. Unfortunately, it was locked behind a wall of fog and just exiting did not completely do the trick, even though others reported success with that particular method.
Subreddit user Irving said he is the one responsible for Strongholds and that the blame entirely lies on him, but offered some data and information on how they will implement this in the near future.
I just wanted to pop in here and generously apologize for an experience that is completely for a player that I am directly responsible for. As the lead of Stronghold, the buck stops with me. I can offer some quite descriptive explanations but at the end of the day, that does not change the experience at all, he wrote.
He pointed out that every backtracking fog wall in the Heart of Rage and the Temple of Scar will be disabled as of the new and recent 1.0.4 patch, which is already way behind us.
Unfortunately, patch v.1.0.4 of the game Anthem brought with it much more than just multiple fog wall fixes, and although the aforementioned problem is quite a bit older, some of the responses ended up being pretty prophetic, proposing a lot of countless side effects of whatever change BioWare company make.
And indeed, that is how it generally played out in the field, with players burning over what they claim is a breaking patch of the game Anthem. In defense of BioWare company, they did react to the inventory issue pretty much quickly and very fastly, patching it up through a hotfix.
In case you did not catch it, the bug which came with the last patch of BioWare made the players of Anthem pick up loot into the inventory of everyone which apparently wreaked havoc with inventory management of everyone.
Subreddit of Anthem is definitely not quite a pleasant place to be at the moment, because you would not find many posts that are content about any aspect of the game at the current moment.
You can find the post in question on the official website of Anthem, or check out the subreddit of Anthem for yourself.
Robert Williams is a self-professed security expert; he has been making the people aware of the security threats. His passion is to write about Cybersecurity, malware, social engineering, Games,internet and new media. He writes for McAfee products at www.mcafee.com/activate or mcafee.com/activate .
Tuesday, March 26, 2019
Thursday, March 14, 2019
Netgear Wi-Fi router R8000 setup using Netgear Genie
How do I use the Netgear Genie application to set up my Netgear WiFi R8000 Nighthawk router?
You can set up your Netgear WiFi R8000 Nighthawk router with the Netgear Genie application manually as well as automatically by using the Netgear Genie screens and menus. Before you begin with the routerlogin.net process of the setup, you should get your Internet Service Provider information. Netgear Genie app can run on any computing device with an internet browser and takes about 15 minutes approximately to complete with the basic setup and Installation.
Follow these instructions given below for setup of Netgear R8000 router:-
1. Firstly, turn on the Netgear WiFi R8000 router after connecting it to a power source.
2. Establish wireless or wired connections between your laptop, computer or wireless device and the Netgear WiFi R8000 router with an Ethernet cable (wired) or wirelessly using the default security and safety settings listed on the label of the WiFi router.
Note: In case if you wish to change the Netgear WiFi R8000 router’s wireless setting, you must use a wired connection to avoid being disconnected when the new settings of WiFi take effect.
3. Launch an internet browser from your laptop, computer or your wireless device which is connected to the network of your Netgear R8000 router.
4. When you set up the Internet connection for your WiFi router for the first time, the web browser goes to www.routerlogin.net, and the Netgear genie screen will get displayed.
5. Type www.routerlogin.net in the URL address bar of your internet browser which displays the Netgear WiFi router R8000 genie screen.
6. Follow the onscreen displayed instructions where Netgear genie guides you through connecting the Netgear WiFi R8000 router to the Internet.
If your internet browser is troubling you to display the web page www.routerlogin.net, do the following:-
1. Make sure that your computer or laptop is connected to one of the four LAN Ethernet ports i.e. through a wireless or a wired connection to your Netgear WiFi R8000 router.
2. Make sure proper power connection and supply of power indicated by the Power LED lit white and then try to access www.routerlogin.net Netgear official page for login and setup.
3. Close your current internet browser and reopen the web browser or try accessing the website URL www.routerlogin.net after clearing the cache of the browser.
4. Now browse to the URL www.routerlogin.com.
5. In case your computer or laptop has been set to a fixed or static IP address, you must change it to obtain an IP address automatically from the wireless router.
If your Netgear WiFi R8000 Nighthawk router does not connect to the Internet, then you can try the following measures:-
1. Review the settings of your network and make sure you that have selected the correct options and typed everything in a correct way.
2. Contact your Internet Service Provider to verify you have the correct setup configuration information.
Adding several devices to Netgear WiFi R8000 Nighthawk router:-
How do we install the printer driver and connect the printer to our Netgear Nighthawk WiFi router?
Follow these mentioned steps below to install the driver and connect the printer:-
1. Install the software driver for your USB printer on all the computers and laptops on your network connections that share the USB printer.
Note: in case you do not have the driver of the printer, you must contact your printer manufacturer.
2. Connect the USB printer to your Netgear WiFi R8000 router using a USB printer cable for connecting the USB printer to the wireless router USB port.
Some of the USB printer manufacturers (Lexmark and HP printers) recommended not to connect the USB cable until the installation software directs you to do so.
Robert Williams is a self-professed security expert; he has been making the people aware of the security threats. His passion is to write about Cybersecurity, malware, social engineering, Games, internet and new media. He writes for Netgear Router products at netgear genie .
Monday, March 11, 2019
Netgear Wi-Fi router setup through Genie smart wizard
Netgear WiFi router is needed by the user to initially access the administrator login page using routerlogin.net web page. There, the user will be redirected to enter the default credentials regarding the WiFi router to access the Netgear Genie page to further configure the wireless router. It is highly recommended that the user initially logs in to their WiFi router in order to make their network more secure. The login process is very simple and it only takes a couple of minutes of the time of the user. The user can simply go to any web browser and type the default address in the URL bar i.e. routerlogin.net or the default IP address as well i.e. 192.168.1.1. By logging in to the WiFi router, the user will then gain access to the configuration page of the WiFi router and a lot of advanced features as well. With the help of the configuration settings, the user can make their network secure and by changing the advanced features, the user can personalize and configure their network which is most suitable to their requirements.

The user can find all the security settings on the configuration page of the WiFi router. The configuration page is called the Netgear Genie which helps the users set up their WiFi routers initially and further provides the user with a dashboard with the settings regarding their Netgear WiFi router. It is recommended that the user changes the default password and username for their WiFi router as the default information is provided online for ease of access regarding the login for all the users. Any unauthorized user can access the network of the user without their permission using the default credentials. After that, the user must upgrade the firmware for their WiFi router if there are any new updates available. The Netgear Genie notifies the user regarding the latest updates. The firmware is basically the Operating Software of the WiFi router. It helps orchestrates complete functions within the hardware of the WiFi router. The firmware update also rolls out multiple new features as well as enhances overall speed of the network of the user.
Here, we will help the users understand the configuration settings of their Netgear WiFi routers using the Netgear Genie. Here are the steps to log in and set up to the Netgear WiFi router using Netgear Genie:-
1. Connect the Ethernet cable from your modem to the WAN port located at the rear end of the Netgear WiFi router.
2. Now, using another Ethernet cable, connect the laptop or computer to any of the four internet ports located at the rear end of the Netgear WiFi router besides the WAN port.
3. Restart the router, the modem, and the computer and wait for the devices to finish restarting.
4. Open any web browser and type routerlogin.net in the address URL bar to access the Netgear Genie web page.
5. The user can even access the administrator login page using the default IP address as well. The IP address is 192.168.1.1 for most of the Netgear WiFi routers.
6. Once the user has the administrator login page on the screen, the user will be needed to enter the default credentials regarding their WiFi router. The default password is “password” and the default username is “admin” for most of the Netgear WiFi routers. The password and username will be case sensitive.
7. Once the user has successfully logged in to the WiFi router, the Setup Wizard will appear on the screen. The Setup Wizard will detect the type of connection of the internet that the user has.
8. For all the wired connections, the Smart Setup Wizard will detect the connection as Dynamic IP. Now click Next to proceed.
9. Now, the user will have the complete setup and logged in to their network without any issues. The user can now change the configurations of their WiFi router and access the advanced features as well from the page of Netgear Genie.
The Netgear router of the user will now be configured in a proper way. The user can start using their WiFi router as they desire.
John Woods is a self-professed security expert; he has been making the people aware of the security threats. His passion is to write about Cybersecurity, malware, social engineering, Games, internet and new media. He writes for Netgear Router products at
netgear genie .
netgear genie .
Tuesday, March 5, 2019
41 PERCENT OF WORLD’S TECH LEADERS FAVORED THE BLOCKCHAIN TECHNOLOGY, BY THE LATEST KPMG REPORT

A latest new survey suggests which attitudes towards adopting the blockchain for businesses are shifting with multiple respondents giving accurate and favorable results.
KPMG, a trusted organization providing tax, audit and a lot of advisory services, released its recent 2019 Technology Industry Innovation survey, which looked at various responses from over 740 global leaders in the industry of technology from 12 countries.
According to the figures, 41% indicated that it is very likely/likely that they will implement the blockchain into their organization within the next three years, whereas 28% said that it was not likely/not at all likely.
A further 48% noted that it is very likely/likely that the blockchain technology will change how they conduct the business in the similar time period, with 27% stating that it was not likely/not at all likely.
Speaking about the results, Damien Ducourty, the respected co-founder of B9lab, a provider of blockchain technology training and education, said that the technology has the potential to change a various number of industries.
Incumbents can choose to be part of the transformation which has potential and shape the change or streamline and try their existing practices, he added. It seems many organizations are keeping their options open by doing both.
However, while 23% of global leaders said that one of the major and top benefits of adopting the blockchain technology was improved efficiencies of business, 24% stated that a challenge to adopting the blockchain technology was down to the business cases that are unproven. Even though regulators, companies and financial technologies have spent a countless number of hours and money exploring its potential, multiple numbers of the use cases are still just that potential.
Back in late January, it was even indicated in a recent report from McKinsey & Company, a consulting firm of American management, that the blockchain technology had yet to become the game-changer that many had expected. At the time, the authors stated that the stuttering blockchain technology development path is not entirely surprising.
There needs to be an investment around operational support and usability before the potential can be realized, continued Ducourty. It is not just down to the blockchain technology, there are questions of funding and demand and also the supply of various people to actually do the work.
Yet, while the blockchain technology may still be in its infancy the fact that so many enterprise organizations are turning their attention to it should mean something. Take, for example, Alibaba, JPMorgan, and the World Bank, which are just a few who have started beginning to realize the benefits of blockchain technology.
According to figures of KPMG, in the next three years, the blockchain technology is expected to have the biggest impact within the circle of an Internet of Things (IoT) processes at 27%, reduced cyber risk at 20%, trading at 22% and contracts at 18%.
For Jehan Chu, managing partner and co-founder at the trusted organization named Kinetic, a crypto-focused investment firm, and co-founder and partner of the Social Alpha Foundation, a not-for-profit grant making platform focusing on social impact projects and initiatives, this is just the starting.
In the nine years since bitcoin technology was invented, blockchain technology experiments launched a thousand ships, he said. Now in 2019, we are seeing the first of those ships land, and we expect waves of fully approved and successful proofs of concept to demonstrate the utility and true value from payments to data security to supply chain which will completely turn the tide towards mainstream adoption.
John Woods is a self-professed security expert; he has been making the people aware of the security threats. His passion is to write about Cybersecurity, malware, social engineering, Games, internet and new media. He writes for Netgear Router products at Netgear router setup
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