Articles about Pwc

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Student Loans Company burns £50 million in IT project superfail

Exclusive The UK's Student Loans Company has wasted £50m on a canned IT transformation project, designed to provide a “digital by default” system to cope with a major increase in student numbers. The programme was launched in 2013 in conjunction with the Government Digital Service and was intended to be a "robust and agile customer- …
Kat Hall, 13 Jul 2016
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Brits don't want their homes to be 'tech-tastic'

A new survey by PwC shows that British homeowners are more concerned with practical applications and financial advantages rather than the need to be “tech-tastic” when it comes to smart technology at home. The majority of participants (72 per cent) were uninterested in making their homes smarter, and were not looking to buy …
Katyanna Quach, 01 Jun 2016

P-TECH education program trial expanded (but not evaluated)

Why is the Liberal party promising money to recreate vocational training on an American model, when Australia used to have a working vocational training system of its own? It'd be easy to blame Malcolm Turnbull, except that P-TECH pilots that began this year were kicked off by his predecessor Tony Abbott. The current leader of …
Super-villain Dr Evil puts finger to lip in scheming manner, asks for one million dollars. Pic: New Line Cinema

Bitcoin-ransoming Romney tax 'hacker' faces 25 years inside

A self-confessed hacker who sought a million-dollar Bitcoin payment in exchange for then-US Presidential candidate Mitt Romney's tax records has been found guilty of extortion and fraud. In August 2012 Michael Mancil Brown, 37, sent a letter to one of Romney's accountants, PricewaterhouseCoopers (PwC), claiming to have hacked …
Iain Thomson, 17 May 2016

Cutting edge security: Expensive kit won't save you

We all want to protect our customer and employee data, but as the threat landscape changes and the publicly disclosed data breaches get increasingly larger, our approach may need to change. What constitutes "state of the art" information security in 2016? It’s tempting to create a listicle of 10 shiny new security tools that …
Danny Bradbury, 13 Apr 2016

IBM to fork out $2.6bn to slurp data on millions of patients

IBM is to shell out big again, this time on Truven Health Analytics, a health data firm, for a whopping $2.6bn. According to its canned statement, this brings the number of, er, "patient lives" represented in its health cloud to 300 million. Touted as IBM's "fourth major health data-related acquisition in the past year", the …
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PWC devours cloud consultancy Outbox Group

PwC is the latest big consultancy to grab a piece of the cloud action by hoovering up integrator Outbox Group, a European firm that specialises in CRM, marketing automation and IT maintenance. After maintaining a watching vigil, the big consultancies are starting to fork out cold hard cash for cloud services outfits - late …
Paul Kunert, 20 Jan 2016
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Self-regulation can address issues that arise in the digital economy, says Airbnb

Self regulation can be a "more effective way" of addressing issues that arise in online markets than passing new legislation, Airbnb has said. In written evidence to a UK parliamentary committee which is looking into how the UK government can support the growth of the digital economy, Airbnb said self regulation can offer a …
OUT-LAW.COM, 15 Jan 2016
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Softcat hires Domino’s Pizza man as NED ahead of IPO

Softcat has hired former Domino’s Pizza beanie Lee Ginsberg as non-exec director ahead of its long awaited flotation on the London Stock Exchange. The Marlow-based biz is tipped to list next month with a valuation estimated to be between £400m to £500m, the first time a local reseller has floated in years. Credit Suisse was …
Paul Kunert, 09 Oct 2015
David Thodey, Malcolm Turnbull and Bill Morrow sign NBN agreements

Australia's NBN gets a new minister: Mitch Fifield

The communications portfolio that Malcolm Turnbull vacated to become Australia's prime minister seems to have been downgraded. Communications has had “and the Arts” returned to it, after a brief and disastrous period with attorney-general George Brandis, and the bouquet has been wrapped up and handed to new minister Mitch …

Administrator tries to squeeze blood out of Stone Computers' parent

Exclusive Senior execs at financially strapped Stone Computers Ltd (SCL) have bid £28.43m to buy the business in a pre-packaged sale after placing the parent company Stone Bidco into administration. But under pre-pack regs, administrator Duff & Phelps has to allow 45-days for someone else to make a rival offer and Stone founder and …
Paul Kunert, 28 Aug 2015
New World Computing Inc, King's Bounty

Alternative Networks: CEO retiring, long live...

Alternative Networks will wave goodbye to long-serving CEO Ed Spurrier at the end of this fiscal year in September, with current chief operations man Mark Quartermaine waiting in the wings for the top job. The LSE-listed comms and tech outfit confirmed the succession plans today as it outlined half-year numbers for fiscal 2015, …
Paul Kunert, 03 Jun 2015
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CommVault struggles to get the wheels back on its growth engine

A hard rain's a-gonna continue to fall as CommVault's uphill struggle shows a fourth fiscal 2015 quarter revenues fall. The US sales mix-up is being corrected and the appliance business is growing, but just when they're not wanted foreign currency problems pop-up. Fourth quarter FY2015 revenues were $150.7 million, 4 per cent …
Chris Mellor, 07 May 2015

Light-fingered Satyam founder Ramalinga Raju jailed for seven years

The former chairman of Indian outsourcing firm Satyam Computer Services has been jailed for seven years for his part in a $1.4bn (£953m) accountancy fraud scandal. The Special Central Bureau of Investigations Court in Hyderabad sentenced B. Ramalinga Raju and eight others - including auditors Subramani Gopalakrishnan and Talluri …
Kat Hall, 10 Apr 2015

Metadata retention to cost AU$3.98 a year per customer

The PricewaterhouseCoopers report provided to Australia's attorney general on the likely cost of metadata retention has suggested a median figure of AU$3.98 per subscriber, per year. So said no less a personage than Australia's attorney-general George Brandis, in no less a forum than the Australian Senate. Brandis' remarks can …
Simon Sharwood, 24 Mar 2015

BURIED: Oz gov won't reveal telcos' guess at data retention costs

Australian federal government data retention plans remain in disarray, with the parliamentary committee investigating the legislation being told that the government is not going to had over the costings it's received from PricewaterhouseCoopers (PwC), which asked telcos to provide them on Christmas Eve. In what Australian Labor …
Headshot of Trojan horse

Does your mate send smut vids on Facebook? 1. That's a bit weird. 2. It may be malware

A security researcher is warning of an ongoing attack against Facebook users in which a phony Flash Player download tries to take over their computers. The distribution mechanism is fairly commonplace – a video message purporting to be pornography is sent to someone on Facebook, and suggests a Flash upgrade is required to play …
Iain Thomson, 31 Jan 2015
No Sale

PwC: Forget margin, tech biz, HUSTLE for that SALE

The phrase "turnover is vanity, profit is sanity" apparently does not apply to the tech sector, with PwC advising companies this year to focus on revenue growth above margins and "yield maximum shareholder value". According to the report 2015 Technology Industry Trends this is particularly important in a "volatile market", which …
Kat Hall, 27 Jan 2015

Brandis and PwC silent on Xmas Eve metadata quiz

Neither the Attorney-General’s department nor PricewaterhouseCoopers (PwC) will comment on why a questionnaire sent to carriers and internet service providers on Christmas Eve asked about the cost of storing metadata for either 12 or 36 months, rather than the 24 months suggested in draft legislation. As Vulture South reported …
Simon Sharwood, 06 Jan 2015
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Christmas Eve email asked Oz telcos for metadata retention costs by Jan 9th

Australian telecommunications companies and internet service providers were given until January 9th, 2015 to offer an estimate of what it will cost them to comply with data retention laws, and appear to have been told of that deadline on Christmas Eve. The Register has sighted an email sent from a senior executive of the …
Simon Sharwood, 25 Dec 2014
Hacker, Hoaxer, Whistleblower, Spy book cover

Who is out there waiting to spy on you or steal your data?

The growth rate of digital attacks continues to alarm. According to PwC’s Global State of Information Security Survey 2015, the number of reported incidents rose by 48 per cent this year to 42.8 million, the equivalent of 117,339 attacks a day. Add to those the masses of unreported attacks and you have an awfully messy …
Tom Brewster, 21 Nov 2014
hands waving dollar bills in the air

100+ trade buyers and private equity bods eyed up Kelway

More than one hundred trade buyers and private equity firms expressed an interest in buying a piece of Kelway, before CDW finally beat the competition to take a 35 per cent stake. As exclusively revealed by El Chan on Thursday, Kelway boss Phil Doye retains a 55 per cent stake in the firm. Others in the management team keep hold …
Paul Kunert, 06 Nov 2014
Money image

Luxembourg: Engine-room of the tax-break economy

Four high-profile audit firms have been named-and-shamed as architects of a tax minimisation structure used by hundreds of the world's big-name companies, including a slew in the tech sector. The International Consortium of Investigative Journalists has published details of how the structure worked, along with identifying many …
Children wash hands Plan photo Hatai Limprayoonyong

CIO of children's charity: Data re-org will change the giving game

There’s nothing charitable about working in the third sector. In fact, it’s extremely unforgiving, as children’s charity Merlin discovered in 2013. The charity merged with Save the Children after management determined they couldn’t raise the kinds of funds that corporate sponsors wanted to see it raising. The giving scene is …
Gavin Clarke, 16 Oct 2014
Internet of Things

Greedy datagrabs, crap security will KILL the Internet of Thingies

Opinion Is the Internet of Things a nightmare, a glorious utopia, or might it just never happen? Last week I was asked to offer a few thoughts in a panel discussion for over 200 PriceWaterhouseCoopers staff, ranging from hackers to business geeks. I’ve only touched on IoT briefly, when David Cameron at CeBIT announced he was throwing …
Andrew Orlowski, 13 Oct 2014
Disney's Beagle Boys

Kmart apologizes to customers after month-long security breach

Discount store Kmart admitted some customers’ payment cards have likely been “compromised” as it became the latest mega retailer to fall victim to cyber-crims. The parent of the chain, Sears Holding Corp, said the IT team discovered late Thursday that its payment systems had been breached, and further investigations indicate …
Paul Kunert, 12 Oct 2014
xfinity wifi

Remember that tale of a fired accountant who blamed Comcast? It's kinda true, says telco

Updated Comcast has publicly apologized to Conal O'Rourke, the accountant who claims he was fired for moaning about the ISP's lousy service. "What happened with Mr O'Rourke's service is completely unacceptable," said Charlie Herrin, Comcast's recently appointed VP of customer experience, in a company blog post. "Despite our attempts to …
Iain Thomson, 09 Oct 2014
Hacked sarcasm

Biz coughs up even less for security, despite mega breach losses

Information security budgets are falling despite a continuing rise in the number of attacks, according to a new report by management consultants PwC. Detected security incidents have increased 66 per cent year-over-year since 2009, reaching the equivalent of 117,339 attacks per day, according to PwC's "The Global State of …
John Leyden, 01 Oct 2014

Phones 4u demise: 1,700 employees laid off with redundo package

The axe fell on nearly 1,700 jobs at Phones 4u last night, a little over a week after the High Street retailer went into administration. It brings the total number of staff laid off with redundancy packages so far to 2,325 – nearly half of the company's workers. The staffers had been based at 700 outlets, including 550 stores …
Kelly Fiveash, 23 Sep 2014
Phones4u logo

EE buys 58 Phones 4u stores for £2.5m after picking over carcass

EE has scooped up 58 Phones 4u stores from the beleaguered High Street retailer, one week after it slipped into administration. The mobile operator, which was partially blamed by Phones 4u for its surprise collapse, revealed the £2.5m purchase in a brief statement to The Register: We can confirm that we have agreed with the …
Kelly Fiveash, 22 Sep 2014
Atmospheric snap of vultures silhouetted against a sunset on a wooden structure on the shore of a lake. (C) Jerry Rogers

Report: EE in talks to scoop up 60 Phones 4u stores from troubled High Street retailer

EE is reportedly the latest company to pick over the carcass of stricken British High Street mobile phone retailer Phones 4u, which fell into administration late last week. According to the Sunday Times (£), EE has until tonight to secure a deal to buy 60 stores from Phones 4u. The move comes after rival mobile network …
Kelly Fiveash, 21 Sep 2014
Phones4u logo

Vodafone to buy 140 Phones 4u stores from stricken retailer

Vodafone has swooped on 140 Phones 4u stores just days after the retailer blamed the operator for contributing to its untimely demise when it slipped into administration late last Sunday. Administrator PwC said in a statement late on Friday that Voda had struck a deal with Phones 4u to re-brand the stores over the next few …
Kelly Fiveash, 20 Sep 2014
Phones4u logo

Phones 4u website DIES as wounded mobe retailer struggles to stay above water

Phones 4u's website is currently telling customers that it is unable to trade due to "the unexpected decision of EE and Vodafone to withdraw supply" from the retailer. It comes after the High Street firm, which has 550 stores throughout the UK and 5,596 employees on its books, confirmed late on Sunday that it had fallen into …
Kelly Fiveash, 15 Sep 2014
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Phones 4u slips into administration after EE cuts ties with Brit mobe retailer

Phones 4u fell into administration late on Sunday, after carrier EE cut its ties with the UK retailer. The company said in a statement that's EE's "unexpected" decision not to renew its contract with Phones 4u meant the High Street business would be without any mobile network partners. EE's withdrawal from that deal, which …
Kelly Fiveash, 14 Sep 2014
Freescale Internet of Things car

PwC says US biz lagging in Internet of Things

PricewaterhouseCoopers reckons the business end of the Internet of Things is going to hit its straps in 2015, reporting that 20 per cent of US businesses polled in its most recent Digital IQ Snapshot are putting money into sensors of some kind. Unsurprisingly, the industries most keen on sensors are industries already famous for …

NHS slammed for MAJOR data blunders as scale of patient info sell-off is revealed

The NHS struck four "data-sharing" deals with three re-insurance companies that allowed them access to patient information under agreements that don't expire until 2015 and 2016. That's among the shocking findings of a review of data released by the NHS Information Centre - the predecessor to the Health and Social Care …
Kelly Fiveash, 17 Jun 2014
Growth of internet advertising revenue to 2013

US biz spaffed more dosh on internet ads than TV spots in 2013

Advertisers in the United States have splashed more of their ad budgets all over the web than on the telly for the first time ever, the Interactive Advertising Bureau reported. Growth of internet advertising revenue to 2013 Read 'em and weep TELEVISION - growth of internet advertising revenue to 2013. Credit: IAB/PwC …

How Britain could have invented the iPhone: And how the Quangocracy cocked it up

Special Report This is a disturbing, cautionary tale of quasi-government and its bungling. It describes how Britain could have led the recent advances in touchscreen technology, developing kit capable detecting more than one fingertip at once, years before Apple did – if it weren't for the nation's treacle-footed, self-serving quangocracy. …
Andrew Orlowski, 13 Dec 2013
alibaba logo

Chinese shoppers spend £100 MEEEELLION online in SIX minutes

The world’s biggest online shopping day got off to a flyer on Monday with Chinese e-commerce giant Alibaba recording 1 billion yuan (£102.5m) in sales on its Tmall site in the first six minutes alone. The 11.11 sales were first dreamt up back in 2009 as a way for merchants on the B2C site to make more money in the lull between …
Phil Muncaster, 11 Nov 2013
UK internet use minute by minute

Brits spend one in every 12 waking minutes online, say beancounters

Britons spend one in every 12 waking minutes on the internet, causing advertisers to splurge great wads of cash on online marketing, according to an internet advertisers' trade body. UK internet use minute by minute UK internet use minute by minute. Source: UKOM, July 2013 According to a report from the Internet …
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'Banner year' for patent lawsuits: Number of cases, awards both up

Describing 2012 as a "banner year" for patent litigation in the US, a new report from PricewaterhouseCoopers says the number of patents granted and the number of patent lawsuits filed were both up during the year, even as the damages awarded in such suits hit all-time highs. According to the report, although the number of …
Neil McAllister, 08 Jul 2013

UKFast hoovers up customer list of BurstNET

UKFast has made its first acquisition under a newly recruited M&A head after taking on the local customer base of US hosting biz BurstNET. As previously revealed, the cloud silo and server hosting provider hauled in former LDC and PwC director Catherine Houghton to steer an acquisition plan after claiming it lost out to rivals …
Paul Kunert, 05 Jul 2013

Feds charge man in $1m 'Dr Evil' scam to blackmail Mitt Romney

A Tennessee man has been charged over a high-profile extortion and wire fraud scam involving former Republican presidential candidate Mitt Romney's tax returns. Michael Mancil Brown, 34, of Franklin, Tennessee faces six counts of wire fraud and six counts of extortion over his alleged involvement in a plot to blackmail Romney …
John Leyden, 01 Jul 2013
server room

Cloud silo and services firm UKFast hires personal shopper

Cloud silo and server hosting service provider UKFast, which owns three data centres across the UK and claims Coutts private bank and NHS trusts among its customers, has brought on board an M&A specialist to help it embark on a UK acquisition spree. UKFast claims it had previously lost acquisition targets to rivals because it …
Paul Kunert, 26 Jun 2013
The Register breaking news

BBC's Digital Moneypit Initiative known to be 'pile of dung' for years

BBC executives ignored warnings that the corporation's £100m+ digital media extravaganza project DMI was on the rocks - and now it's being reported that the National Audit Office had been misled about the state of the project. The extravagant scheme was cancelled by new Director General Tony Hall last month, with almost £100m …
Andrew Orlowski, 07 Jun 2013
The Register breaking news

Hmm, you do look ill. I prescribe a good dose of mobile data

Adopting "mobile health" - the use of mobile technology as an interface between health providers and patients - could apparently save the EU €100bn by 2017, and make us €93bn too, if only governments would get out of the way and let it happen. That's according to beancounters PwC who were hired by mobile industry body GSMA to …
Bill Ray, 06 Jun 2013

Phoenix IT group's profits turn to smoking pile of ashes

Managers at the beleaguered Phoenix IT group haven't had much luck in fiscal '13, with personnel changes, accounting woes and the flatlining economy all weighing heavily on them. The meagre fruits of their labour were laid bare yesterday. Phoenix made an underlying profit from operations of £19m in the twelve months to 31 March …
Paul Kunert, 04 Jun 2013

Asbestos finds interrupt NBN preparations

Updated The rollout of the National Broadband Network has uncovered some nasty secrets: the use of asbestos cement in old Telstra pits, and the endemic dodginess of Australia's construction sector. Asbestos has been turning up in pits all over the country, with reports coming in from Penrith in NSW, Ballarat in Victoria, Launceston in …

8 in 10 small UK firms hacked last year - at £65k a pop: Report

Infosec 2013 Over 80 per cent of small businesses in the UK suffered a computer security breach last year, according to new government research. And the proportion of large firms that reported attacks has reached a whopping 93 per cent. The Department for Business, Innovation and Skills' 2013 hacking survey found that 87 per cent of small …
John Leyden, 23 Apr 2013
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Building the actual real internet simply doesn't pay

Analysis It isn’t unicorns that keep the internets running, but eye-watering amounts of capital investment by infrastructure operators. However a substantial chunk of that investment never pays for itself and most of it barely repays the cost of the capital, reckons consultancy PwC. The telco industry as a whole spends $320bn on …
Andrew Orlowski, 04 Apr 2013