This week: The end of Apple’s decade+ of growth, the mounting issue with IoT and cyber attacks, and how biometrics are playing a part in a big bank’s app security strategy.
- Apple’s “Best Days” Are History: 13 Years of Growth Come to an End
After more than a decade of “dazzling” consistent quarterly revenue growth, it appears that Apple has finally ended its reign. Experts cite the company’s size, weakness in key global markets, and the lack of the next “hot” product for the reported decline of 13 percent in fiscal Q2.Learn more about Apple’s fall from the top and its chances for a comeback at The New York Times.
- Gartner Report: More than 25 Percent of Cyber Attacks to Involve IoT by 2020
According to a Gartner report, the internet of things (IoT) is going to become a bigger target of cyber attacks in the next few years—accounting for 25% of all attacks by 2020. Despite this, there seems to be little focus on prevention. The decentralized approach to IoT implementations and the prediction that less than 10% of IT security budgets will be allotted to IoT doesn’t bode well for IoT security.Learn more about the future of IoT security at Computer Weekly.
- Mobile Ad Sales Push Facebook Revenue Far Beyond Expectations
A “wildly popular” mobile app and focus on live video that have boosted advertising are credited for a much bigger increase (more than 50%) in Facebook’s quarterly revenue than predicted. The company also plans to create a new class of non-voting shares—allowing CEO Mark Zuckerberg to give away 99% of his wealth for funding philanthropy without giving up control.Learn more about Facebook’s continued success and non-voting stock plan at Reuters.
- Tangerine Bank Adds Biometric Authentication to Mobile App
Canada’s Tangerine Bank has gone biometric—rebuilding its mobile app to include eye-scanning, voice-activated biometrics, and in-app secure chat. The new app gives iPhone subscribers two options—eye or voice—to unlock their accounts, while Secure Chat allows clients to chat in real time with reps without going through additional security screening.Read more about the Tangerine’s revamped app and the growth of biometrics in banking at Finextra.
- YouTube: Mobile Apps Redesigned Using “Deep Neural Networks”
YouTube’s new versions of its iOS and Android apps sport a redesigned home tab and smarter video recommendations. Powered by “deep neural networks,” with this release, YouTube has tapped into Google’s AI expertise, able to automatically identify patterns and learning and improving as it operates. The system will show fewer recommendations, but what it does show will be more focused and fresher.Learn more about YouTube’s redesign and its new features at The Verge.