Chartis Research named Oracle Top Category Leader

Well known research company awarded Oracle with a high grade for IFRS 9 Solutions
17 July 2017   474
Oracle Database

Object-relational database management system produced and marketed by Oracle Corporation.

According to official Oracle website, company has been named the the top category leader in IFRS 9 solutions by research firm Chartis Research. Company now believes that this position further affirms their best-in-class offerings for all financial services entities looking to conform to IFRS 9 standards before the January 1, 2018 deadline.

Our placement on the Chartis Research report is indicative of our continued success in providing exhaustive and effective IFRS 9 offerings. Now more than ever IFRS 9 implementation poses a distinct challenge for financial institutions that could potentially affect their bottom line. Our solution, built on Oracle’s integrated finance and risk architecture, is here to help define, plan and execute an IFRS 9 implementation roadmap. We look forward to helping our customers meet regulatory deadlines and were delighted to hear of our best-in-class placement on the Chartis report.

Ambreesh Khanna
Group Vice President and General Manager, Oracle Financial Services

The Chartis IFRS 9 Technology Solutions Market Update 2017 Report is designed to analyze how financial institutions are responding to IFRS 9 requirements, emerging business and technology trends in the IFRS 9 technology marketplace and how solution vendors are responding to these new demands. Also, the report includes the Chartis FinTech QuadrantTM to better illustrate vendor landscape. This quadrant uses a full-fladged methodology formed through independent research and a scoring system that sums-up info about which tech solutions best meet an organization’s needs.

The methodology behind our FinTech Quadrant™ distills key qualities of market leaders and in the case of IFRS 9, the new accounting standard that combines both the disciplines of Finance and Risk Management, Oracle is the category leader. The methodology behind our FinTech Quadrant™ distills key qualities of market leaders and in the case of IFRS 9, the new accounting standard that combines both the disciplines of Finance and Risk Management, Oracle is the category leader.

Hugh Stewart
Research Director, Chartis Research

Additionally, you can have an executive summary of the Chartis IFRS 9 Technology Solutions Market Update 2017 Report.

Hackers made $226K in Monero breaking into Oracle WebLogic

The attacks started in December of 2017 as a group hackers installed Monero miners on Oracle WebLogic Servers, which led to hackers' profit of a quarter million dollars
12 January 2018   467

Oracle WebLogic Server is a Java EE application server currently developed by Oracle Corporation. The experts at the SANS Technology Institute and Morphus Labs reported that a group of hackers was attacking Oracle weblogic Servers from December 2017, using the exploit code for the CVE-2017-10271 vulnerability in Oracle WebLogic servers, patched by Oracle in October 2017 and leaked to the web.

The hackers reportedly chose that vulnerability as it was not difficult to use it through Internet to put the malicious code on the Weblogic server, and the exploit included IP scanner that searched for vulnerable hosts, which eventually let hackers make $226.000 worth 611 Monero coins installing a cryptocurrency miner.

The attackers had access to all the information in PeopleSoft that is touching WebLogic servers, but rather than sell this information on the black market, which takes more work than writing a simple script to exploit the system and drop crypto mining software on it, they probably thought they could get more money by crypto mining.

Johannes Ullrich

Dean of research, SANS Technology Institute

Despite the fact that hackers were able to steal significant corporate data or install ransomware, they only installed a cryptocurrency miner to mine Monero hoping that high CPU use of the server stayes unnoticed.

At the moment of press, these are main market parameters of Monero:

  • Average price: $370,66
  • Marketcap: $5 779 654 391
  • 24h volume: $150 136 000