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Techfastly October 2020

Techfastly enables leaders around the globe to dive deeper into technology insights, to drive results - Simpler & Quicker

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United States
Mindtrades Consulting
12 Issues

in this issue

1 min
letter to the editor

I’m glad to present the October issue of Techfastly. We have covered a vast array of subjects for our articles. Our writers constantly challenge themselves to make sure that they are bringing you articles that are relevant and futuristic. For example, we wrote an article on the systems and softwares used by SpaceX’s Falcon 9 rocket. We also cover the potential dangers, both present and future dangers, of deep fakes. For startups, we have featured a story about how conversion rates for startups can be optimized. I’m also excited to announce that we will be interviewing entrepreneurs, CEOs, and influencers in the technology space from the next edition of the magazine. You will get to see their journeys, learnings, and advice. You will also see a peek into the future through…

7 min
everything you may have wanted to know about ethical/whitehat hackers

What is an ethical hacker? As the term suggests, an ethical hacker is an information security expert, also known as a white-hat hacker who shares explicit knowledge about penetration testing, hacking computer systems, and cracking the security of the digital modes. These professionals perform vicious penetration testing and exploitation techniques on any computer-based resources. It is done to discover potential vulnerabilities in these IT resources that can be exploited by hackers or likely cybercriminals. An ethical hackers’ primary job is to pinpoint such instances so these can be taken care of before a major cybersecurity event occurs. Types of white hat hackers There are following types of white hat hackers; Bug bounty program Many third-party organizations are working with HackerOne to award the white hat hackers for each vulnerability they discover. Many organizations leave their…

5 min
defi is booming - banking to be a thing of the past?

Imagine a future where cryptocurrency and decentralized finance become the norm, and banks become an option. Although this isn’t happening anytime soon, DeFi is catching like wildfire. The total value locked in DeFi increased five-fold in just six months and stands at over 4 billion dollars. I agree that this is a drop in the ocean compared to the trillion-dollar traditional banking industry. Still, given the pace at which DeFi is moving, it’ll engulf the banking industry. But what exactly is DeFi? DeFi stands for Decentralized Finance and is often referred to as the Open Finance Movement. Decentralized finance is built over smart contracts, protocols, digital assets and are accessed using a dApp (Decentralized application). Consider it a futuristic system of every traditional financial service you use today - loans, trading, insurance,…

5 min
why is cybersecurity so important?

Why is it more important than ever? Cybersecurity is the practice of securing data assets and other practical pieces of information from various attacks conducted by cybercriminals. The applications of the cybersecurity extend to computer systems, networking as well as cloud computing systems. The ultimate goal here is to protect the electronic data from being stolen, manipulated, or provided unauthorized access to stop its disruption at all costs. Cybersecurity is an evolving discipline, and it is more important than ever now. Why? Because the intensity at which cyberattacks unfold has doubled in magnitude. Saturation of cyber-attacks and their consistency Various researches conducted around the world settled on the issue that there is a cyber-attack every 39 seconds. Every 39 seconds, a hacker or a group of cybercriminals engage in this malicious activity of…

4 min
small business banking in the us

Despite the first quarter of 2020, the US small business index score has decreased by about ten points from the fourth quarter of 2019. At the same time, the same index shows a growing uptrend from 2011 to 2020. There are more than 30 million small businesses (SBA statistics) in the United States, they take only six days to open, and around 33% get started with less than $ 50,000. Besides personal savings, the top sources of survival for small businesses are profits/assets, credit cards, and bank loans. Overall, small business banking plays a central role in the future growth of small businesses/startups. What is business banking? With business banking, also called commercial or corporate banking, banks provide financial and advisory services to small and medium businesses and larger corporations. These services…

4 min
dangers of deep fakes

Privacy is a myth in the world of the internet! We are sure you must have read some of the other forms of this quote, and there is no denying that this one is false! With so many lawsuits being filed against either Google, Facebook, or other Internet companies, putting our data at risk has been a major concern. What Is It? Going by the name, this is something deeply faked! Well, we won’t be joking with you on this, so let’s get into what exactly it is. Deep fake is a portmanteau of deep learning, a form of synthetic media in which part of the person in an existing image or video is replaced by someone else. Deep fake involves generative neural network architectures such as autoencoders or generative adversarial networks. But,…