Domain: kbb.com
Stories and comments across the archive that link to kbb.com.
Stories · 3
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Auto Industry Publishes Its First Set of Cybersecurity Best Practices (securityledger.com)
chicksdaddy quotes a report from Security Ledger: The Automotive industry's main group for coordinating policy on information security and "cyber" threats has published a "Best Practices" document, giving individual automakers guidance on implementing cybersecurity in their vehicles for the first time. The Automotive Information Sharing and Analysis Center (ISAC) released the Automotive Cybersecurity Best Practices document on July 21st, saying the guidelines are for auto manufacturers as well as their suppliers. The Best Practices cover organizational and technical aspects of vehicle cybersecurity, including governance, risk management, security by design, threat detection, incident response, training, and collaboration with appropriate third parties. Taken together, they move the auto industry closer to standards pioneered decades ago and embraced by companies like Microsoft. They call on automakers to design software to be secure from the ground up and to take a sober look at risks to connected vehicles as part of the design process. Automakers are urged to test for and respond to software vulnerabilities, to develop methods for assessing and fixing security vulnerabilities, to create training programs, promote cybersecurity awareness for both information technology and vehicle specific risks, and educate employees about security awareness. The document comes after a Kelly Blue Book survey that found that 62% of drivers think "connected cars will be hacked," and that 42% say they "want cars to be more connected." -
New Cars Are Too Expensive For The Typical Family, Says Study (gulfnews.com)
An anonymous reader quotes a report from GulfNews: A new analysis from Bankrate.com found that a median-income household in the U.S. could not afford the average price of a new vehicle in any of the 50 largest cities in the country, though cars are more affordable in some cities than others. The average price of a new car or light truck in 2016 is about $34,000, according to Kelley Blue Book. That's in part because new cars are loaded with helpful but expensive safety features like collision-avoidance systems. Bankrate calculated an "affordable" purchase price for major cities, using median incomes from U.S. census data, and factoring in costs for sales taxes and insurance. In San Jose, California -- the heart of Silicon Valley -- the median income is about $84,000, and an "affordable" new car purchase price is about $33,000 -- close to, but still below, the average new car price. In lower-income cities, however, affordable purchase prices for a typical family are far below the average cost of a new car. In Hartford, Connecticut, where the median income is about $29,000, an affordable purchase price is about $8,000 -- about a quarter of the average new-car price. Experian Automotive said the number of new cars bought with financing rose to more than 86 percent (Source: may be paywalled) in the first quarter of this year. The average loan amount topped $30,000, with the average term for a new-car loan in the 68-month range -- some stretch as long as seven years. -
Used IT Equipment Can Be Worth a Fortune (Video)
This is a conversation with Frank Muscarello, CEO and co-founder of MarkiTx, a company that brokers used and rehabbed IT equipment. We're not talking about an iPhone 3 you might sell on craigslist, but enterprise-level items. Cisco. Oracle. IBM mainframes. Racks full of HP or Dell servers. That kind of thing. In 2013 IDC pegged the value of the used IT equipment market at $70 billion, so this is a substantial business. MarkiTx has three main bullet points: *Know what your gear is worth; *Sell with ease at a fair price; and *Buy reliable, refurbished gear. Pricing is the big deal, Frank says. With cars you have Cars.com and Kelley Blue Book. There are similar pricing services for commercial trucks, construction equipment, and nearly anything else a business or government agency might buy or sell used. For computers? Not so much. Worth Monkey calls itself "The blue book for used electronics and more," but it only seems to list popular consumer equipment. I tried looking up several popular Dell PowerEdge servers. No joy. An HTC Sensation phone or an Acer Aspire notebook? Sure. With price ranges based on condition, same as Kelley Blue Book does with cars. Now back to the big iron. A New York bank wants to buy new servers. Their old ones are fully depreciated in the tax sense, and their CTO can show stats saying they are going to suffer from decreasing reliability. So they send out for bids on new hardware. Meanwhile, there's a bank in Goa, India, that is building a server farm on a tight budget. If they can buy used servers from the New York bank, rehabbed and with a warranty, for one-third what they'd cost new, they are going to jump on this deal the same way a small earthmoving operation buys used dump trucks a multinational construction company no longer wants.
In February, 2013 Computerworld ran an article titled A new way to sell used IT equipment about MarkiTx. The main differentiator between MarkiTx and predecessor companies is that this is primarily an information company. It is not eBay, where plenty of commercial IT equipment changes hands, nor is it quite like UK-based Environmental Computer, which deals in used and scrap computer hardware. It is, rather, the vanguard of computer hardware as a commodity; as something you don't care about as long as it runs the software you need it to run, and you can buy it at a good price -- or more and more, Frank notes -- rent a little bit of its capacity in the form of a cloud service, a direction in which an increasing number of business are moving for their computing needs. Even more fun: Let's say you are (or would like to be) a local or regional computer service company and you want to buy or sell or broker a little used hardware. You could use MarkiTx's price information to set both your buy and sell prices, same as a car dealer uses Kelley Blue Book. We seem to be moving into a whole new era of computer sales and resales. MarkiTx is one company making a splash in this market. But there are others, and there are sure to be even more before long. (Alternate video link.)