#MillenniumLive on The Life and Leadership Series with Alex Sobol

This week on #MillenniumLive we’re going back to revisit some great conversations that Millennium’s Co-founder, Alex Sobol has had with our distinguished guests that have been on the Life & Leadership series thus far. More episodes with Alex and featured guests are coming soon, so be sure to subscribe to or follow our podcast on Spotify, Apple, Google Podcasts, or

powered by Sounder

Listen to the podcast episode on SpotifyAppleGoogle Podcasts, or SoundCloud.

About Alex Sobol

Alex Sobol is the Co-Founder & Managing Partner at The Millennium Alliance in New York City. In over a fourteen-year period, he has established a strong and reputable career-building, educational, and multimedia platform involving c-level audiences. He has extensive global business development and sales management experience working with growing technology-based start-ups while also having served cornerstone companies such as IBM, GE, HP, JPMC, Microsoft, Verizon, Itron, and Cisco. He is a leader in the industry with vast knowledge across a wide spectrum of enterprise and public sector technology businesses with a stellar track record for delivering immediate results. Due to his immense background, Alex has traveled and/or worked in more than 15 countries! He attended the University of Delaware and graduated in 2007 with a BA in Interpersonal Communication.

Using an Omnichannel Strategy to Drive Longterm Engagement and Increase Sales

Contributed by Slickdeals

Business Goals

Behind Black Friday and Cyber Monday, Walmart sees the bulk of its annual revenue from one of the biggest shopping events of the year: Back to School. Their goal for the 2020 Back to School event was to maintain profit margin and drive bottom line sales. They partnered with Slickdeals to increase exposure for their best offers and build awareness around the shopping event by highlighting them as the go-to brand for Back to School essentials.

Partner Profile

This retail giant has grown over the last 50 years into the largest retailer in the world. Built on the cornerstone of offering every day low prices, Walmart has been able to attract customers looking for a shopping experience created around the convenience of one-stop shopping. With 11,400 stores spanning across 26 countries, Walmart has excelled in building its brick and mortar presence as well as expanding its place in the world of e-commerce.

Read the full report here

About Slickdeals

Where savvy shoppers discover and share great deals.

Slickdeals helps you put your brand in front of the right people and activate shoppers at every step in the shopping journey with their solutions. They use first-party data to strategically target native and display advertising to your preferred audience. They help bussinesses expand their reach through advertising solutions such as paid media, content creation, extension & loyalty program, targeting & data insights. With over 12 million monthly shoppers, Slickdeals can make a big impact on your business, go here for more information.

Botnet Attacks on the Rise: Companies to Invest Heavily in API Security

Recently, companies are beginning to shift to the use of the cloud and expose functionality via Application Programming Interfaces (APIs). Cybercriminals have been taking this new exposed entry to their advantage as new technologies often lack the proper security.

With APIs becoming more commonly used in companies, cybercriminals have been using Botnets to carry out malicious attacks on them. CSO Mag describes a botnet as a collection of internet-connected devices that an attacker has compromised, they act as a force multiplier for individual attackers, cyber-criminal groups and nation-states looking to disrupt or break into their targets’ systems. Common in Distributed Denial of Service (DDoS) Attacks and can be used to easily send spam to the masses, steal credentials with ease, or by spying on people and organizations.

API bot attacks are, in particular, becoming a major issue for E-Commerce businesses. Since they are used to carry out the stealing of credentials and private information, this puts a big target on the backs of e-commerce businesses. Specifically, they are being hit by tactics such as price scraping, sneaker bots, grinch bots, and gift card stuffing. These tactics can be used to share pricing information with competitors, automate purchases, and find specific products online and purchase them. Research done by Imperva revealed that over 30% of traffic to e-commerce sites are bots, 18% of traffic to e-commerce sites comes from bad bots, with 24% of those bad bots being classified as sophisticated. With these attacks on the rise, it is ever important for companies, especially those in e-commerce to invest in bot and API security.

As of late, the situation is only getting worse. The Council to Secure the Digital Economy (CSDE) shared a report stating that a single botnet can include more than 30 million “zombie” endpoints and allow these cybercriminals to profit roughly six figures per month. This has a serious impact as these DDoS attacks threaten health and research facilities as well as government services around the world, with these attackers using the circumstances of the pandemic for their personal gain. Botnets have been used on social media platforms to spread disinformation about the pandemic to threaten the global dialogue surrounding it and using the demand for information to incorporate phishing scams. They have been also used to specifically target vendors of face masks and hand sanitizer as the pandemic caused an influx of customers making them a big target for botnet attacks.

A report by Radware states that APIs are the next big threat as they are used to process a variety of sensitive information such as payment information, user credentials, social security information, etc. making API security the most critical area for companies to invest in 2021. They also mention that 55% of organizations receive a DDoS attack on their APIs monthly yet only 24% of organizations have a dedicated solution for bot management.  For API Security, F5 Labs recommends a few best practices to protect your APIs against hacking.

  • Do not store information in APIs that are not meant to be shared
  • Don’t expose more data than necessary
  • Encrypt traffic using TLS
  • Inventory and manage your APIs
  • Use a strong authentication and authorization solution

To protect yourself against botnet attacks in general, Panda Security recommends some tips on how to avoid them.

  • Keep your operating system up-to-date
  • Don’t open files from unknown or suspicious sources
  • Scan all downloads before running the downloaded files, or find different ways of transferring files
  • Don’t click suspicious links
  • Install an antivirus program

How Businesses Can Begin to Change the Conversation

Contributed by [24]7.ai

Over the years, we’ve spoken with countless businesses across multiple industries. And every time we strike up a conversation, we ask a lot of questions, because we’re constantly on the lookout for new ways we can use technology to improve the customer experience. During these conversations, however, we began to notice a troubling theme. While businesses were generally quite confident about the customer support they were delivering, they weren’t seeing the results they expected. Satisfaction levels were low, customers weren’t always embracing new services, and in some cases, the businesses were actually losing customers. We knew something was terribly wrong. So, we asked Dimensional Research to see if they could explain this growing trend, because we wanted to see if we could do something about it.

When Dimensional Research completed its study, the findings were telling. One of them, however, stood out like a flashing red light. Customers aren’t nearly as happy with the support they are getting as businesses think they are. And there’s a pretty big gap between the surveyed companies’ own perception of their customer service and what their customers think about it. Even worse, the study indicated that an alarming number of these companies were losing customers as a result of their poor support. We also uncovered another troubling truth. AI and virtual agents still lag far behind humans when it comes to providing a satisfying experience. When asked, almost all customers still preferred working with a live person.

Read the full report here

About [24]7.ai

Proven Results for Key CX Challenges

No matter what industry you’re in, the measure of success is in the numbers. [24]7.ai understands the challenges that are top of mind for customer-centric organizations—and they know how to deliver results. Their solutions and services are purpose-built to make an impact on the metrics that matter most: CSAT scores, revenue, and ROI. See what kind of measurable impact they can make for your business, and go here for more information.

Cybersecurity Leader, John Felker, Keynotes Our August Assembly!

On August 17th, The Millennium Alliance Transformational CISO Virtual Assembly kicks off with a keynote address from John Felker, Former Assistant Director for Integrated Operations, Cybersecurity and Infrastructure Security Agency (CISA) at the Department of Homeland Security. Felker is a proven innovator in the cybersecurity space and is notably recognized for his work leading the Coast Guard strategic Cyber program. Most recently, Felker joined Parsons’ federal strategic advisory board where he provides strategic guidance in the key federal market growth areas of cyber and intelligence, space and geospatial solutions, engineered systems and missile defense, and C5ISR.

In his keynote address, Felker will share how CISOs can bring together information from cyber teams and the boardroom for successful business objectives. He will also provide an inside look into his career background, experiences, and what senior leaders should be thinking about as they enter the post-pandemic era. Interested in learning from one of the most influential voices in cybersecurity? Go here to request an invitation to the virtual assembly!

About John Felker

John Felker is the Former Assistant Director for Integrated Operations, Cybersecurity and Infrastructure Security Agency (CISA) for the Department of Homeland Security which monitors cyber threat data and works with corporations to improve the strengths of the existing digital infrastructure. He brought focus to integrated operations across the Agency that extended to Regional CISA elements, intelligence, operational planning, and mission execution with emphasis on risk mitigation and response efforts.

Before his work at the DHS, Felker was the Director of Cyber and Intelligence Strategy at HP Enterprise Services. During his career of 30 years at the U.S Coast Guard, he served as Deputy Commander of Coast Guard Cyber Command and commanded the US Coast Guard Cryptologic Group, which provides a “maritime cryptologic perspective within the Signals Intelligence (SIGINT) community, helping to achieve national intelligence requirements and enhances Maritime Domain Awareness for operational commanders as they plan and execute Coast Guard missions” according to the USCG. Additionally, he commanded USCGC CAPE UPRIGHT and USCGC RED CEDAR. His military awards include the Defense Superior Service Medal, the Legion of Merit, and the Meritorious Service Medal.

Felker graduated from Ithaca College in 1978 with a bachelor of science and later on completed his Master of Arts in Public Administration at Syracuse University in 1994. He also serves as a Senior Fellow at the McCrary Institute for Cyber and Critical Infrastructure Security at Auburn University. He is currently on the Board of Governors of the Army-Navy Country Club, the board of directors of the Operation Renewed Hope Foundation, and the board of advisors for the Military Cyber Professionals Association and the Cyber Security Forum Initiative.

 

#MillenniumLive The COVID-19 Shift to Telehealth

Our thought leader, Michele Chulick, the former President & CEO of Wyoming Medical Center, talks about her career journey, leading the successful affiliation between WMC and Banner Health, and the challenges leading a major health system during the pandemic in this weeks #MillenniumLive. Chulick touches on the rapid shift from in-person healthcare to telehealth during the COVID-19 pandemic, something that was in the works previously, but had to be ramped up due to the impending circumstances. She discusses how she helped lead WMC in implementing the only fully hospital based telehealth network TeleMed Wyoming, which expanded across the state in eight locations providing tele-stroke, clinic-to-clinic telehealth visits, and tele-dialysis and the first mobile application for urgent care visits. 

powered by Sounder

Listen to the podcast episode on Spotify, Apple, Google Podcasts, or SoundCloud.

#MillenniumLive on The New Era of Shopping Behavior with [24]7.ai

COVID-19 changed shoppers’ behavior overnight, and retailers have been through a market-reshaping for 16 months (and counting) as a result. What are consumers’ new expectations, and how can retailers create a customer experience that fits those needs? Our #MillenniumLive guest Celene Osiecka, retail marketing expert and Senior Director of Conversational Design at [24]7.ai, answers these crucial questions, and shares insights on this “new era” of shopping behavior. She also addresses the role of technology, automation, and overall digital transformation when creating the best customer experience.

powered by Sounder

Watch the video interview below, or listen to the podcast episode on SpotifyAppleGoogle Podcasts, or SoundCloud.

About [24]7.ai

Proven Results for Key CX Challenges

No matter what industry you’re in, the measure of success is in the numbers. [24]7.ai understands the challenges that are top of mind for customer-centric organizations—and they know how to deliver results. Their solutions and services are purpose-built to make an impact on the metrics that matter most: CSAT scores, revenue, and ROI. See what kind of measurable impact they can make for your business, and go here for more information.

David Sable Asks, Are Meetings Ruining Our Productivity?

As originally published by David Sable on Linkedin. Subscribe to the newsletter!

23 hours and 39 minutes, or the length of the longest zoom meeting in the world. 1,419 minutes. It was a call that started at 8:00 am and lasted until Zoom punked out on them, just shy of the goal of 24 hours.

To some of us, this number doesn’t seem like a crazy Guinness World Record quest, but rather just another day in our lives. However, it was less than ten years ago that another tech-enabled meeting garnered a different Guinness World Record. On December 12, 2012, 16,972 participants took part in the largest telephone conference in history. According to Guinnessworldrecords.com, “All the participants were on the call concurrently for at least ten seconds.”

And as PM News points out, “The Guinness World Record does not say what they talked about, but the sheer number of participants could leave anyone with questions about whether this was a productive meeting.”

What is our obsession with longest meeting time world records? Could it be that we know that our meetings are already getting interminably long? Maybe we hope that by immortalizing our seemingly endless work sessions, fifteen minutes of fame will make it seem all right?

Or maybe, just maybe it’s the ultimate cynicism—us flipping the bird at corporate time churning.

As I have pondered WFH, WFNH (Work From Near Home, i.e. Starbucks), WFABO (Work From Anywhere But Office) and RTO, efficiency, effectiveness, creativity and innovation swirl in my thoughts—as do meetings which in one way or another are core to all.

My readers know that I like to explore origin stories to better understand development, evolution and trends, so I searched out the history of meetings.

Possibly the first recorded meeting was between our common ancestor, Eve, and the snake who tempted her into sin…we all know how well that worked out.

Although The Bible is full of meetings, the Chicago Tribune traces the word’s origins to Aristotle’s lesser known brother, Meetistotle, who was stoned to death for initiating a certain meeting. His most memorable pearl of wisdom?

“Let’s get everybody together, because wasting time is more effective if we all do it in the same place”

Not much has changed since Meetistotle sacrificed his life to the corporate cause. And I imagine many of the WFH crowd have a passionate belief that by staying away from the office, they are contributing to the cause of efficiency by limiting meeting opportunities and the ensuing waste.

But are they really? Are there really less meetings? Are they any more efficient? Are we actually more profitably productive?

Let’s start by looking at meetings in general, which are often the most expensive communications forms in a company—and as often, the single biggest waste, costing billions of dollars a year.

In a recent Forbes article entitled, “Why Most Meetings Fail Before They Even Begin,” author Soulaima Gourani quotes a survey fielded by UNC which surveyed senior managers in various industries. 65% of managers said meetings keep them from completing their work. 71% said meetings are unproductive and inefficient. 64% said meetings come at the expense of deep thinking.

That being said, we all know that meetings can and do serve important purposes:

  • Disparate groups can get on the same page quickly.
  • Ideas can be built on in a collaborative forum.
  • Issues and opposition can be surfaced openly.
  • Consensus and timelines can be agreed on.
  • Milestones can be tracked.

On the flip side:

  • Often one person or a small group dominate.
  • Many are shy/afraid to speak up, so collaboration and openness is actually limited.
  • Too many people in a meeting cause confusion and consensus/next steps are blurred.
  • Lack of focus and attention make milestones iffy measures.

Elon Musk says it best: just forgo “excessive meetings.”

But our Zoom (using the word as a generic placeholder) meeting culture has not really contributed a lot, if anything, to our efficiency:

  • The number of meetings attended by a worker on average rose by 13.5%.
  • The average meeting count rose from 5.9 meetings, which were observed before the lockdown, to 6.9 meetings.

Worst of all, we have created Zoom fatigue. People are more forgetful. The quality of their attention is diminished. And recording the session does nothing but create more energy-sapping time.

One solution that I have written about before is to go “old-fashioned” and use the phone—an intimate, harder-to-multi-task yourself into distraction tool.

Let us not forget that Eric Yuan, the CEO of Zoom, has admitted to Zoom fatigue. And Jamie Dimon, Chairman and CEO of JPMorgan, has claimed to cancel all of his.

Frankly, I am sure you have all read about how to have better meetings, how to be more productive as our inboxes and feeds fill up all day long. I’m not putting them all down—believe me, I read them, too.

Yet, I am always reminded of the old joke (or maybe adage): “We will continue to have lots of meetings until we find out why no work is getting done.”

My bottom line is simple. Meetings were bad enough pre-Covid. WFH didn’t make it any better. And, we have lost the serendipity, creativity and beautiful efficiency of the stand-up encounter; the shared sandwich; the water cooler moment and the stroll over to my desk…all meetings, in the best way, and all social encounters of the most powerful sort.

KNEE JERK ALERT: I am not suggesting that everyone run back to their offices full time—that’s not up to me. You and your businesses will decide, and it’s fascinating to see who is demanding a return of some sort, who isn’t and who hasn’t the stomach for a decision yet…

Rather, I am advocating for an understanding of what meetings can be, why they are an extension of our social DNA and how, if we understand their power, we can be more creative and innovative (not to mention efficient and effective).

If not, I fear we will be doomed. As David Barry has pointed out:

“If you had to identify, in one word, the reason why the human race has not achieved, and never will achieve, it’s full potential, that word would be meeting”

Don’t let that be a self-fulfilling prophecy. I’d say the opposite can also be true—if you make it so.

#MillenniumLive on Life, Entrepreneurship, & Digital Art with Mark Mastrandrea

Our Co-founder, Alex Sobol continues his series on #MillenniumLive as he catches up with Mark Mastrandrea, Co-founder of IKONICK, the fastest growing digital art company in the world, with licensing rights for the NBA, Muhammad Ali, Marilyn Monroe, Elvis Presley and more. Alex & Mark reminisce about their days at the University of Delaware, talk through discovering the passion of entrepreneurship, and explore how IKONICK is putting a new spin on the business of inspiring others through art.

powered by Sounder

Listen to the podcast episode on SpotifyAppleGoogle Podcasts, or SoundCloud.

About IKONICK

Designed to Offer Modern Art at Affordable Prices

IKONICK is a Los Angeles brand putting a new spin on the business of inspiring others through art. Embodying popular culture, our exclusive collections exist to motivate in a way that’s entirely our own. Whether you’re working out of a cubicle or hustling with an ocean view, we’ve created hundreds of pieces to motivate you through your mornings, days, and nights.

Fed up with the dead-end jobs that were going nowhere, we felt our ambition draining away at our desks, so we decided to leave it all behind and set out to create something that would inspire ourselves and others to chase those ambitions.

Started as a passion project in 2016, IKONICK is now the fastest growing digital art company in the world. Our artwork displays in thousands of homes and offices spaces. We partnered up with entrepreneurial icons Gary Vaynerchuk and Scooter Braun, and earned licensing rights for the NBA, Muhammad Ali, Marilyn Monroe, and many others. We are dedicated to producing affordable high-quality canvas art that’s guaranteed to make you sit up straight, put your head down and go follow your passion.

Interested in learning more? Visit their website here.

Rise in Phishing Attacks Targeting Cryptocurrency Buyers

With the price of Bitcoin on the rise, cybercriminals are targeting these users for their own financial gain. According to a study by Barracuda, the price of Bitcoin increased by 400% between October 2020 and May 2021 while the rise of cyberattacks grew by 192% in the same period. These attackers are using cryptocurrency to carry out spear-phishing attacks, business email compromise(BEC) attacks, and ransomware attacks.

As of late, many businesses are starting to shift into the world of cryptocurrency and beginning to accept it as a form of payment. This is where the attackers are shifting their attention. Due to the increase in value of Bitcoin and other cryptocurrencies, attackers are seeing this as a viable extortion opportunity as there are fewer regulations surrounding cryptocurrency, therefore, making it harder to trace back to the user. We saw this happen as recently as a few months ago with the Colonial Pipeline attack where they had to spend millions of dollars worth of Bitcoin due to a ransomware attack that compromised the functioning of their pipelines.

Barracuda mentions that these attackers are using malicious tactics such as sending fake emails notifying users of a “security breach” to obtain their Bitcoin login credentials, creating fake charities to persuade victims to purchase or donate Bitcoin, and targeting employees with personalized emails. Chainalysis lists third-party providers that can be used to carry out attacks through penetration testing services(used to probe for potential weaknesses), exploit sellers(the selling of access to certain vulnerabilities), and bulletproof hosting providers(allows users to host any website and complete purchases anonymously). Hackers are also using Bitcoin to get paid in extortion and ransomware attacks where they target victims claiming to have obtained compromising videos or photos of them and then threatening to release them if they do not pay the ransom in Bitcoin. This tactic has been around for a while but the use of Bitcoin has increased their monetary gain in these schemes. According to Chainalysis, there was about 5 billion dollars worth of cryptocurrency used in illicit activities in 2020 with 350 million dollars being obtained specifically from ransomware attacks. This was a 311% increase in cryptocurrency-related ransomware attacks compared to 2019. No other category rose as dramatically in 2020, which may have been caused by the massive influx of people working from home due to the Covid-19 pandemic which caused major vulnerabilities for many organizations.

Cryptocurrency-based-crimes

The future of cryptocurrency will change as cybercriminals are using this digital currency to their advantage. With the recent successful attacks on the Colonial Pipeline and JBS, Barracuda mentions, it is clear these criminals are aiming for large targets. They will most likely attempt to hit other critical industries such as water or energy. Chainalysis notes that ransomware is incredibly destructive as it has the potential to cripple local governments and businesses for weeks with there being 62 attacks on healthcare-related facilities in 2020. Some experts have estimated as much as 20 billion dollars in economic losses due to these attacks in 2020. As these attacks increase in frequency and with the use of cryptocurrency for ransom payments, the government will most likely have to get involved in the regulation of this digital currency.

Here are some helpful tips to protect yourself against cryptocurrency-related threats according to Barracuda and SIW:

  1. Invest in 24/7 monitoring
    1. Holidays and early morning hours are the popular times for cybercriminals to attack so it would be best to invest in a SOC(security operations center) or work with a partner that has one
  2. Endpoint Detection and Response Solution
    1. With so many individuals still working from home, having an EDR can be helpful as they use behavior-based algorithms to detect ransomware. The IT team can then work on remediation once there is a detection.
  3. Incorporate phishing training into your organization and stay on top of the latest email attacks
    1. Companies can benefit from training their employees on phishing and the proper things to look out for to establish whether the email is safe or not, such as checking for spelling errors, checking the senders’ email address, etc.
  4. Make sure your web applications are secure
    1. Online applications can be used for ransomware attacks so it is best for organizations to invest in API Security and software that protects against DDoS attacks and bot mitigation.
  5. Back up your data
    1. If a ransomware attack were to happen, having your data backed up can help to prevent losing recent files/data and aid in getting your system restored faster. This can be backed up on the cloud or a physical device, either way, it helps!

With these cybercriminals becoming more intelligent with their attacks every day, we need to try to stay one step ahead and protect our employees and our companies. Together we can use these precautionary measures in an attempt to stay safe and secure!