09 Jun, 2017

Weekly news round-up ft. Anthem pulls out of ACA in Ohio, Sear’s closes more stores, DDoS attacks up 380% and more…

 -news round-up

Here’s a round-up of the week’s Retail, Healthcare, Financial Services, Security, Enterprise, and Marketing news.

Let’s kick off this week with a look at the retail space.

RETAIL

Bebe Stores, Inc

On Wednesday, Bebe Stores, Inc announced that it has made a series of deals that leaves it with no stores. On May 30th, the company also turned over its intellectual property rights, international wholesale agreements, and e-commerce URLs to the joint venture BB Brand Holdings LLC.

The deals enable the store to close, without declaring bankruptcy. Agreements with “substantially all” of its landlords that will allow it to exit its leases, costing around $65 million. As of May 31 has closed all of its retail stores.

Nordstrom

Nordstrom has announced that it is looking into the possibility of the company going private, according to a company press release. This has not yet been made official with any filing, but since this release, the company’s stock jumped 20%, CNBC reports.

Sear’s

Sears has announced a further closing of an additional 66 stores on top of the 180 closures already announced this year.

HEALTHCARE

Anthem

Anthem announced Tuesday that is it pulling out of the Affordable Care Act (ACA) exchange market in Ohio. This leaves 18 counties with no plan options in the exchange next year, according to The Wall Street Journal.

UPMC Susquehanna

Quorum Health has announced that it has signed a deal to sell 70-bed Sunbury Community Hospital to Williamsport, Penn.-based UPMC Susquehanna, according to Becker’s Hospital Review. The latest acquisition adds to the list, as UPMC added the Susquehanna system to its own last October.

FINANCIAL SERVICES

J.P. Morgan

J.P. Morgan has issued a statement saying that its COO, Matthew Zames, who was once seen as a possible successor to CEO James Dimon, is leaving the bank.

Goldman Sachs

On Thursday, Goldman Sachs Group has launched an exchange-traded fund that gives investors a cheap way to invest in corporate bonds.

Wells Fargo

New Mission: Growth, Not Scandal

Wells Fargo is continuing its efforts to change the negative image denoted with the brand. The financial powerhouse has spent months trying to fix its aggressive sales culture.

SECURITY & ENTERPRISE

DDoS

CIODive.com reports that the number of Distributed Denial of Service (DDoS) attacks increased by 380% in Q1 2017 over Q1 2016, according to new data from Nexusguard. The company has gathered the data using botnet scanning, Honeypots, ISPs and tracking traffic between the attackers and targets.

Q1 2017 also saw some of the most vicious attacks, for example, a 275Gbps attack took place in February and an attack lasting 4,060 minutes occurred over the Chinese New Year, Nexusguard reports. The report also states that the percentage of days with large attacks also grew substantially between in Q1. In March, there was a 64% increase over last year of the number of sizeable attacks, which are considered attacks larger than 10Gbps.

MARKETING

Apple

Apple made several big announcements this week. The new mobile operating system iOS 11, which will be released in beta this month and to al users in the fall. The biggest change is one new feature, that will allow users to send money a message using Apple Pay, the company’s entry into person-to-person payments.

Rémy Martin

According to a press release, spirits company Rémy Martin is using Microsoft HoloLens technology to present the mixed reality experience, launching an augmented reality (AR) campaign called “Rooted in Exception”.

Wonder Woman

The superhero movie has topped the charts! Interestingly, Movie studio Warner Bros. has been accused of under-promoting the film in comparison to its earlier DC Comics adaptations such as, “Batman V Superman: Dawn of Justice”. However, two new analyses from The Drum and Bloomberg indicate that the studio invested in a comprehensive social media and merchandising strategy that backed the film beyond just standard trailers and brand partnerships.

ABOUT DIGITAL ENTERPRISE TRANSFORMATION ASSEMBLY

Digital Enterprise Transformation AssemblyThe Millennium Alliance is thrilled to present our biannual Digital Enterprise Transformation Assembly, put together by the industry, for the industry. Join us on June 22-23, at The Camby in Phoenix, AZ for a series of executive education roundtables, keynote presentations, collaborative think tanks, educational workshops, and networking sessions will offer industry-specific topics and trends to ensure your company sustains its competitive advantage.

We are thrilled to announce Keynote Speaker Tony Scott, Retired Federal CIO – U.S. Government, Former CIO VMware, Microsoft and Walt Disney. The Digital Enterprise Transformation Assembly brings together North America’s most prominent technology and business leaders from all major industries.

CIOs know there is an explosion of information driving the digital enterprise. Understanding the convergence of mobile, social, and cloud is critical for organizations looking to create opportunities and stay ahead of the competition. It is this convergence that will be the foundation of the new digital world.

This is not just another “Digital IT” event. Spaces are reserved for the best in the business. Enquire about attendance here!

PAST DIGITAL ENTERPRISE TRANSFORMATION SPEAKERS INCLUDE
BP Group Chief Information Officer
Costco SVP, Chief Information Officer
Dreamworks Animation Chief Technology Officer
Ernst & Young Chief Technology Officer
Honeywell VP, Chief Information Officer
Jet Propulsion Laboratory Chief Technology Officer & Innovation Officer
Johnson & Johnson Chief Technology Officer
KPMG Global Chief Information Officer
Las Vegas Sands Corp. SVP & Global Chief Information Officer
McKesson EVP, Chief Information Officer & Chief Technology Officer
Merck Chief Technology Officer
MUFG Americas Chief Technology Officer
Panasonic Corporation President & Chief Information Officer
Rent-A-Center Chief Technology Officer
The Coca-Cola Company SVP, Chief Information Officer
USAA SVP, Chief Information Officer

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