The jianghu is full of turmoil, and the oars are afraid of losing their fall.
For some industries, enterprises and public figures in the industry, 2018 has been a rather uncomfortable year, being put in the wind and waves of public opinion, and being put at the juncture of life and death.
This year, Bitcoin plummeted, and P2P platforms blew up intensively, causing investors to lose a lot of money;
This year, the public figures in the industry were constantly in the negative news, and were even caught up in the "peach color scandal".
2019 is coming, I hope that more enterprises and more people can be stable and far-reaching, and step on the song of the river and lake.
Bitcoin crash "leek" was cut almost
Killing style
Crazy Demon Stick method
"Eagle Eagles and Heroes" in the martial arts, the set is extremely fierce, killing and injuring. surface is huge. The crypto digital currency bubble burst, taking small miners, coin buyers, and related startups hostage, and no one was spared.
One thought of heaven, one thought of hell.
The moment on December 17, 2017, when the price of the bitcoin trading platform Bitstamp was set at $19,664, is a shot that has been replayed by countless people. A year later, on December 17, 2018, Bitcoin's price stood at just $3,700, after it had even fallen below $3,200.
Guo Yu (a pseudonym) can't sell his small mine. in mid-2017, he spent more than 300,000 yuan to buy 30 mining machines, "killing" into the bitcoin mining army. However, the good times only lasted half a year, in early 2018, the price of bitcoin began to go all the way down, June 24, bitcoin fell below $6,000, which is a recognized mining "life and death line", below which miners will not even be able to afford to pay the electricity bill. Guo Yu pressed the "shutdown button", but he still has a hint of expectation, perhaps one day bitcoin can come back to life, the mine can continue to open. Until a short time ago, bitcoin fell below $3200, he completely "cool", but when the hot miner, now no one asked for.
Bitcoin's listing prospects are uncertain. on September 26th, Bitcoin officially disclosed its prospectus on the Hong Kong Stock Exchange. Bitcoin all the way down in 2018, for the world's largest bitcoin mining equipment supplier, obviously not a good time to go public. 3 months later, the Hong Kong Stock Exchange did not give the hearing time, from the listing of the application lapsed, there are still 3 months time. The so-called "lapsed" means that the company has not been able to pass the hearing within the six-month validity period after submitting the listing information. From the prospectus information, 90% of its revenue still comes from the mining machine business.
When more and more miners like Guo Yu, the mining machine business can support the valuation of Bitmain, whether it is appropriate to go public, and the sustainability of the business after the listing, have been put a heavy question mark. The latest "rumor" is that the Hong Kong Stock Exchange believes it is too early for any cryptocurrency trading platforms or businesses related to the industry to raise capital through an IPO in Hong Kong until a proper regulatory framework is in place.
Peng Dama's coins are smashed in her hands. As an active square "dance leader", Peng Da-ma has been at the forefront of the trend since she was young, and in 2017, Peng Da-ma began to speculate on coins, because bitcoin is too expensive, so she bought those "cottage coins". Although the domestic ICO is banned, but the QQ group is still a lot of unknown projects, Peng Auntie mingled, a variety of coins to buy a bunch of, unknowingly, hundreds of thousands of investment, once the book value of more than two million, but after the 2018 "blood wash", only realized a few tens of thousands of dollars and a large pile of no trading volume of the The "dead coins".
What is a bigger bubble than Bitcoin? Other crypto virtual currencies.
Gustave Le Bon analyzed the psychology of groups in "The rabble": highly intelligent people with independent opinions lose their ability to think once they join a group, become impulsive, impatient, fanatical, extreme, completely controlled by the unconscious mind, lose their moral judgments, but gain a great deal of power. "Blockchain leeks" is the most appropriate note for the rabble in 2018. Those "big brothers" who shouted at the beginning of 2018 to get on the bus quietly got off the bus, and Bitcointalk statistics show that the number of accounts with more than 100,000 bitcoin addresses in the world was 70 four years ago, and now there are only five left. As of the first half of 2018, there were more than 1,000 failed blockchain ICO projects, and after the frenzy, there is only a chicken feather left.
Ten years after its birth, Bitcoin has fallen from the altar of faith. Every bit of coin price pushed up by speculative frenzy, and every hard fork dominated by a mining machine manufacturer is a departure from Satoshi Nakamoto's ideal of "freedom, equality, decentralization," and "currency affirmation without borders," and the original intent of "changing the world" is, in a word, to change the way the world works. The original intention of the "change the world", to put it bluntly, is the faith of "a coin and a villa".
However, after the bubble burst, the power of Bitcoin, especially the blockchain, should not be taken lightly.
The future of mankind, after the emergence of artificial intelligence, the possibility of a turnaround, algorithms bring the biggest difference is that the data will become the only element of cognition and management of the world, even if the so-called human rationality, may still be mastered by the algorithm, which is Hurley in the "Today's Brief History" mentioned the "hegemony of the data, and the blockchain, is the data to ensure security and safety of the data. Blockchain is an important means of keeping data safe and untampered with.
It is foreseeable that in the remaining 80 years of the 21st century, peer-to-peer blockchain networks and cryptocurrencies such as Bitcoin will continue to impact the traditional monetary system, and the Bitcoin bubble may be blown up again, whether you accept it or not, and it has already reserved its own place in the history books.
Internet finance, the explosion of the road to the trillion-dollar market "cool"
Kill type
Thousands of spiders, thousands of poisonous hand
A dangerous martial arts, the practitioner of the pain is difficult to bear, and bring great harm to themselves. Whether it is P2P, or cash loans, the mutual fund industry has been in constant trouble in 2018, and after the initial savage growth, it was injured more y in 2018.
In the second half of 2017, China's Internet finance industry was a hot scene, and even four mutual fund companies landed on the U.S. stock market in a month's time, and after that, more mutual fund companies said they wanted to go to the U.S. IPO, as if going public was as easy as strolling through their own backyard, but unfortunately, it was not a long time coming.
In May 2018, the online loan mine wave began, the platform like dominoes, one after another fell. in June, the burst of the problem platform is 13, Qianbao.com, Yatang Finance, Tang Xiaosheng, Lianbik Finance one after another mine, panic spread. By the end of August, the platforms that exploded, lost contact and ran away reached 264.
The wave of explosions has brought great impact to the P2P lending industry, and various mutual fund associations around the world have spoken out intensively, requiring each P2P platform to do a good job of communicating with platform lenders and effectively protecting the legitimate rights and interests of lenders. At the same time, given that there were borrowers who took advantage of the fire, intentionally late repayment, taking the opportunity to escape the obligation to repay, the Office of the Leading Group for the Special Remediation of Internet Financial Risks (hereinafter referred to as the Office of Special Remediation of Mutual Funds) issued a special document requiring the platform to report the P2P "old scoundrels" to the credit report, and then issued a document stating that it will be strict and serious crackdown on the malicious quit The net lending platform, the arrest of fugitives, strictly prohibit the addition of new net lending institutions.
According to the statistics of the home of the net loan, as of the end of November 2018, the cumulative number of platforms in the net lending industry has reached 5245, and the history of the problematic platforms cumulatively involves the number of people investing in about 2,009,000 people, and involves the balance of the loan of about 161,250,000,000 yuan.
In just one year, P2P lending from the innovative typical into a "street rat", for many reasons, such as: the platform risk control ability is poor, the legal system of mutual funds is not sound, resulting in the platform of the risk of overdue; platform violation of the development of investors should not match the qualified investors and so on.
The chaos of the industry, so that the previous swarm of listed mutual fund class of Chinese stocks in the capital market underperformance. 2018 P2P risk focused on the outbreak of a number of P2P companies, the collective share price of the "diving", in July 2018, nearly 10 trading days, in the U.S.-listed mutual fund company market value of more than 3.2 billion U.S. dollars evaporated. According to incomplete statistics, by mid-December, in the U.S. listed 13 mutual fund companies, 9 companies have fallen below the issue price, in which a number of platforms have fallen more than 70% of the share price compared to the beginning of the year.
The continued downturn of Chinese stocks in the mutual fund industry has made a number of listed platforms offer share buybacks to protect the market, including Fun Store, and credit, pat loans, Yirendai, Xinzhifu and so on.
The buyback program of mutual fund platforms may be able to boost investor confidence in the short term, but in the long run, the fundamental way out of the mutual fund industry is still the development of compliance.
Now a lot of platforms are in transition, "switching" to large installments, online installment malls, offline consumer finance and other areas, but there is still chaos, such as invisible charges, credit confusion, and even be used by unscrupulous elements, become a tool for cash. For the platform, the old things are not forgotten, in order to better face the future.
Capital winter entrepreneurs and investors are "pocket deflated"
Killing style
Infinity falling wood
The martial arts moves of the fox Chong, countless falling wood accompanied by the sword shadow dance into a strong cyclone, swept away by all the places are The whole place is full of bleakness. This year, whether for entrepreneurs, or investors, are in a situation of lack of money, nowhere words bleak!
In 2018, a capital winter, all the investment institutions have chosen the strategy of "cash is king", the macro market is short of money, the market segment is also short of money. Most startups are in a state of "insufficient balance", and entrepreneurs at the end of the food chain may be the hardest group of people in 2018, and everyone is caught in a strange circle: poor and busy, the busier the "poorer".
In the final analysis, blindly chasing the wind, "self-blood-supporting ability" is the reason why most of the startups fell. At the beginning of the year, the hottest wind mouth than the blockchain, blockchain games, blockchain media, and even blockchain hot pot store began to start a prairie fire, but the bubble burst too quickly, Deloitte surveyed the world's largest social programming and code hosting site Github website nearly 86,000 blockchain projects, today only about 5% of the surviving projects. Setting up to run away, imploding and dying, the naked swimmers in the blockchain circle have surfaced, and there are countless dead companies. Immediately after, P2P is now a wave of thunder, long rental apartment warehouse, online education mergers and acquisitions, Internet home furnishing reshuffle, **** enjoy the bike encountered difficulties and so on, entrepreneurial wind mouth into a "life and death pass".
However, the days of the investment institutions are not easy, in the past they "money bags bulging", in 2018, but suffered a fund-raising difficulties, because the LP (limited partners) in the hands of the lack of money, the actual controllers and major shareholders due to the equity pledges ultimately be closed, in 2018 A-share rivers and lakes, is full of such stories.
According to the statistics of Zero2IPO Research Center, in the first half of 2018, the total fundraising of China's equity investment market was about 380 billion yuan, a year-on-year decline of 55.8%, almost cut in half.
Why is the fundraising environment so difficult in 2018? P2P like dominoes generally set off a wave of mines, private equity funds are difficult to record, the entire investment market is like a deflated ball, no confidence, and began to advocate the "cash is king". Looking further, China has not formed a long term LP market, the current LP is mainly composed of private enterprises and individuals, and the economic downward pressure has a great impact on it. The general environment of the capital market is that it is difficult to exit, the rate of return is low, and the capital invested a few years ago cannot be recovered.
Investment organizations are beginning to seek longer-term money, including social security funds, pension funds, insurance funds and other funds to enter the market, can tolerate a longer investment period and exit period.
Those companies that had run wild in the spring chose to practice behind closed doors in the winter, and the snow was a good year, and the pests and bubbles were frozen in the long cold winter.
From November 5 to 10, 2018, the first China International Import Expo was held in Shanghai, and the establishment of the Science and Technology Innovation Edition and the registration system pilot landed, which brought a hint of spring to Chinese technology enterprises in the cold winter.
This year, the structure of the supply side is quietly changing, the 2C economy recedes, but the 2B economy is rising tide. Look to the Internet giants, Tencent, Alibaba, Baidu and other companies to fully embrace the 2B, involved in smart cities, smart manufacturing and so on.
The money held in the hands of investors away from the business model innovation, go to the hard core technology, which also gives entrepreneurs pointed a way.
It is more than appropriate to say goodbye to this winter with a quote from Little Dragon Lady in "The Divine Eagle Couple". "These snowflakes fall, how white, how beautiful. In a few days the sun will come out and every snowflake will be gone. By next winter, there will be many, many more snowflakes, only they will no longer be these snowflakes of 2018."
Liu Qiangdong "fatal encounter" Jingdong "snow added to the frost"
Kill style
Icy Silver Needle
Li Mochou made the concealed weapon, the body of the needle is quite beautiful, engraved patterns, exquisitely crafted, but it is extremely poisonous. In the face of a beautiful woman, Liu failed to control himself and ended up ruining his reputation and hurting his family and Jingdong.
However, the derailment of this matter to Liu Qiangdong family and Jingdong to bring harm, but is real. Liu Qiangdong's inspirational entrepreneurial image and his love life with Milk Tea sister to the Jingdong brand publicity and marketing to bring no small help. Perhaps the impact of this incident, the first Fair, the World Artificial Intelligence Conference, Tianjin Davos Forum did not appear Liu Qiangdong's figure, "reform and opening up 40 years of the 100 outstanding private entrepreneurs" list, Liu Qiangdong is also on the list of no name.
Liu Qiangdong and Jingdong closely tied together, a loss. Jingdong 2017 annual report shows that as of February 28, 2018, Liu Qiangdong holds a 15.5% stake in Jingdong Group, with 79.5% of the voting rights.
Liu Qiangdong incident to bring the damage to Jingdong clearly reflected in the share price. From the beginning of the incident on August 31, Jingdong's share price fell all the way. from August 31 to December 21, Jingdong's share price fell 32.7%, the market value evaporated 16.2 billion U.S. dollars, or about RMB 111.7 billion yuan, a heavy loss.
From the figures, Jingdong's third-quarter earnings report is still bright. But there are many hidden worries behind it: for the first time in nine consecutive quarters, quarterly revenue growth was less than 30%; the number of active users declined for the first time since the listing, and as of September 30, 2018, Jingdong's number of active users in the past 12 months was 305.2 million, which is 8.6 million fewer than that of the previous quarter.
For a platform-based company, user loss is a fatal blow. While Jingdong is seeing a loss of active users, its old and new rivals are seeing a rapid increase in active users. During the same period, Alibaba had 601 million active users, adding 25 million new users from the previous quarter. As a new rival, although Pinduoduo is also y mired in public opinion in 2018, the number of active buyers is growing quite fast, and according to Pinduoduo's third-quarter earnings report, the number of its active buyers has reached 385.5 million, an increase of 144% year-on-year, with an increase of 42 million new users.
In terms of user size, Jingdong has not only been left far behind by old rival Alibaba, but also surpassed by new rival Pinduoduo. And, from the perspective of market capitalization, the gap between Pinduoduo and Jingdong is not large. As of December 21, EST, Jingdong's market capitalization was at $30.498 billion, and Pinduoduo was at $23.408 billion. Pinduoduo is catching up with Jingdong, Jingdong efforts to write after BAT "J" gradually blurred.
Competition in the Internet world has long been more than just company-to-company, platform-to-platform, ecosystem-to-ecosystem, and the image of business leaders indirectly affects the company's development.
Of course, Jingdong still has something to be praised. In the past two years, Jingdong has made the public see the shadow of technology companies in artificial intelligence and robotics automation technology, and its X division, which focuses on smart logistics, and its Y division, which focuses on smart supply chain, are both helping to build Jingdong's advantage. While continued investment in technology will pull down Jingdong's earnings, a look at Amazon's model will reveal the appeal of a truly technology-driven, world-class Internet company.
The death of online car safety to lift the "life worries" to shore
Kill the wounded style
Seven wounded fist
Seven wounded fist is very powerful, but if by the internal strength of the people who have not reached the realm of the use of their own, have great harm. In order to practice the Seven Injuries Fist, one must have a very high level of internal energy. The same is true for the network car, to ensure the safety of drivers and passengers, in order to healthy development.
If you want to ask who has not called the network car now, I am afraid no one will raise their hands; if you want to ask what the requirements of the network car, I am afraid that everyone will put the "safety" in the first place.
Since the birth of the Internet car six years ago, high subsidies, convenience is its label, but along with it is the brutal growth of the Internet car. With the introduction of various policies, the net car in 2018 is not as crazy as before, and has entered a period of smooth development. Without the two incidents that happened on the drip platform in which passengers were killed on the ride, perhaps the net car market in 2018 can be described as "unperturbed".
In the early hours of May 6, 2018, Li Mouzhu, a 21-year-old flight attendant for Yunnan Xiangpeng Airlines, was killed in Zhengzhou Airport District, Henan Province, on her way to Zhengzhou Railway Station on a DDT ride. 3 months later, a similar incident occurred again on August 24, when a girl from Wenzhou, Zhejiang Province, was killed while riding a DDT ride.
In comparison, murder is a small probability event, but once it happens, it's a devastating blow to the victim and her family. Some passengers said, now can not get away from the network car, so we have to have proper defense, such as confirming the license plate number, do not have too much conversation with the driver, and family and friends on the phone during the trip until the car is off, and a little more exaggerated is to carry an alarm.
These two incidents are not only for the company in question, DDT, but also for the entire online car market is a punch in the gut.
The former lesson, the latter can guide, Tikta ride and other platforms have also adjusted the rules of safety, such as late at night to stop receiving orders, etc.; Meituan taxi added a new "Safety Center" entrance; Cao Cao special car added a key alarm device; the first car on the line of the car similar safety features. Even if you have just joined the net car "war", one of the selling points is safety, including in-depth investigation of the driver's background, double CPS inspection, driver and passenger SOS alarm mechanism.
After the safety incident, the service and subsidies are "floating clouds". Any industry inevitably experience pain, the key is to face the pain of how to make timely adjustments.
The initial net car entry requirements are low, the audit is not strict, leading directly to the safety issue suffered a major test, consumer rights and interests are difficult to protect, the rapid expansion of the early cover behind the hidden security problems.
No matter what personalized services the platform can provide, as long as the safety is not in place, everything is a "basket case".
Safety is always the lifeblood of online dating, but also the competition in the online dating market. Who is safer, who will win.
***Sharing the bike crisis in the defeat expect rebirth
killing style
grafting Shen Gong
this kung fu is too fierce, so practiced later want to have a breakthrough, need to be all the original power scattered, and then practiced again from the beginning. The same is true for ****sharing bicycles, from rapid expansion to good service, in order to truly solve the problem of the last kilometer of travel for the user.
With ofo and Mobay as the representative of the **** enjoy bicycle industry, was the favorite of capital. However, because of the lack of sufficient "self-blood-forming" ability, coupled with the disorderly expansion in the early stage, ofo and Mobay ushered in a "dark moment" in 2018. In the end, Mobike gave up independent operation and sold to the United States for 2.7 billion dollars; ofo, which insists on independent development, continues to struggle painfully on the brink of death.
ofo serious lack of money, everyone knows, now ofo is like a trapped beast, difficult to survive. 2018 second quarter, ofo and Mobay embarked on a different path of development, Mobay by the United States group to 2.7 billion dollars, and ofo rejected the drop side of the potential acquisition offer.
ofo has tried to seek advertising cash, but did not plug the financial hole. in June 2018, media reports said that ofo owes 1.5 billion yuan. After that, ofo's negative news came intensively: large-scale layoffs at headquarters, senior executives leaving, hundreds of millions of dollars in arrears were sued by suppliers, and many offices were "empty". And from November, the deposit is difficult to return to become the focus of major media reports. No one take over ofo become "hot potato", November 23, ofo announced with PPmoney cooperation, but suffered lightning offline. At present, if there is no gold master, ofo crisis is difficult to break.
*** enjoy the emergence of the bike, solving the last kilometer of the user travel problem. But in the "crazy money" of the 1.0 era, under the capital's push and pull, *** enjoy bicycle savage growth, but did not find a suitable business model, the enterprise can not "self-blood", which ultimately led to the outbreak of the crisis.
Now, the ****shared bicycle "mass base" is still in, according to the Ministry of Transportation statistics, the national daily ****shared bicycle usage is still more than 10 million people. This can be seen in the huge market demand, which also helps the entire **** enjoy the bike industry into the 2.0 era, spelling service, heavy experience, smooth and orderly development.
Unmanned convenience stores routed from the field?
Killing style
Lingbo Weibu
This step, step out, are closely related to the internal force, never simple step walking. The unmanned convenience store is so, standing on the wind, but if there is no internal force, it will cause the danger of self-extermination of the meridians.
In 2017, unmanned retail hit the wind, intelligent containers, unmanned shelves, unmanned convenience stores come and go.
The cost of unmanned is not low, and the cycle of unmanned convenience stores to recover landed costs is usually more than a year. 2018, unmanned convenience stores are likely to become the "pig" that can not fly.
"We are ready for large-scale mass production, the target of 5,000 a year is based on their own operation of reasonable planning, now it seems a little conservative." In July 2017, Colorful Box CEO Chen Zilin announced the ambitious goal of opening 5,000 boxes in a year. However, approaching the deadline of July 2018, the number of Colorful Box stores in 40 cities across the country is only about 400, high temperature suspension of operations, suspected illegal construction by the city management door-to-door inspection, store retreat and other storms, all pulling the Colorful Box to accelerate the deployment of the footsteps.
The same embarrassing situation in other brands of unmanned convenience stores have surfaced, actually home launched the first unmanned convenience store EATBOX box EATBOX opened in the Beijing Century Jinyuan shopping center, but the media reported that the store was empty when passing by at the beginning of 2018; in January, opened more than three months of the scarlet convenience Shanghai Tianyaoqiao Road store was also confirmed to be closed; unmanned convenience stores in the "dark horse", "dark horse", "dark horse", "dark horse", "dark horse", and so on. "Dark horse" neighbor convenience store in August 2018 is due to the back of the capital side of the P2P platform Shanlin financial mine, bank account freeze, overnight all 168 stores closed.
Taking off on the wind, the unmanned convenience stores fired by the capital, and eventually really ended up with "no one".
As early as the end of 2017, Panda Capital partner Mao Shengbo focused on unmanned convenience stores "speculative intoxication" issued an objection "this wind mouth is not right, we resolutely do not invest."
To cashier services, for example, according to different identification technologies, unmanned convenience stores are divided into RFID (commonly known as electronic tags) and based on visual analysis of two categories, the latter higher threshold. To replace manual labor with RFID, the cost of a tag is 3 to 7 cents, but the average cost of manual labor to complete the cashier of a commodity is only 7 cents, the cost advantage immediately see the high and low. Moreover, VC (venture capital) prefers a larger market size and can quickly explode in a short period of time, the formation of scale entrepreneurial projects, convenience stores pay attention to the scale effect, only a large scale in order to follow a particular route to do.
The unmanned convenience store is a real demand or a pseudo-proposition, but the queue-free, self-checkout unmanned convenience store is still a direct attack on the pain points of the traditional convenience store. For investment organizations, time is their enemy, and opening up a new city means opening up a complete, new supply chain ecosystem, and revenue is far from being able to keep up with the vicious negative cash flow.
"Naked" hotel data, who will save it?
Killing style
XuanMei divine palm
XuanMei is the myth of the northern god, give people a dark, cold feeling, crane pen weng and deer staff guest of this set of palm is also cold, stay on the body of the cold poison, must be pure yang to just nine yang shenGong can be dispelled. The information is often "stolen" is also left in the hotel industry "tumor", to rely on what can be driven out?
In 2018, the hotel industry security scandals, from Huazhou, Intercontinental, Hilton, until near the end of the year, the hotel industry "leader" Marriott International Group in its official website notification of 500 million user information leaks, signaling the entire hotel industry database security faces a comprehensive fall.
The hotel industry involves a large amount of data, but the degree of informatization is weak, in recent years, frequently become the hardest hit by hacker attacks.
In February 2015, according to the Vulnerability Box white hat submitted a report showing that the well-known hotel chains Orange, Jinjiang Star, Speed 8, Pudding, high-end hotels Marriott, Starwood, InterContinental tenant rooming information has been leaked in large quantities, and some of the chain hotels can even realize the arbitrary cancellation of the order as well as change the user's registered password; in November 2015, Hilton and Starwood Group announced that their payment processing system suffered hacker attacks of unknown origin; in January 2016, the payment card data leakage of Kaiyue Group affected 250 hotels in about 50 countries around the world; in April 2017, more than 1,000 hotels under the InterContinental Hotels Group suffered from a leakage of payment card information ......
Sadly, the
Unfortunately, in 2018, the data security crisis in the hotel industry has not been curbed. on August 28, Huazhou Hotel Group's hotels involved 500 million users' information sold on the "dark web"; in December, Marriott International Group took the initiative to notify a data leakage incident involving 500 million users that lasted four years, and the case has not yet been resolved.
Most domestic hotels do not tighten the string of information security, a lot of domestic hotel system maintenance are handed over to outsourcing personnel to complete, and they often have direct access to the database of the authority, its intentional or unintentional operation of the data damage, coupled with the hotel's internal security capabilities of the low defense, once the attack, it is easy to lead to a complete loss of control.
A hotel industry insiders are also very helpless, in his view, this and the hotel industry was born with more external interfaces and business complexity, "the domestic hotel industry as a result of business needs, there are a large number of interfaces to the intranet, for security reasons, but also important interfaces to set up the authentication of the gateway, but this set of security system procedures are cumbersome and cumbersome, on the operation of the IT system efficiency, so in actual operation, it is difficult to fully roll out, which also leaves more opportunities for hackers to attack." Between efficiency and security, the hotel industry at home and abroad are facing torture.
In May 2018, the European Union formally introduced the General Data Protection Regulation (GDPR for short), which is known as the most stringent personal data protection regulation in history, and regulates data collection, data protection, and data application for companies, including companies within the European Union, multinational companies operating in the European Union, as well as overseas companies providing business services to EU citizens. The GDPR requires companies involved to notify of data breaches within 72 hours or face fines of up to 4% of the company's total global revenue last year. Marriott's disclosure of this massive user data breach this year is related to the introduction of this regulation, and if Marriott's total revenue of more than $17 billion last year is taken into account, Marriott will then face a huge fine of up to $680 million.
2018 is the first year of the EU's General Data Protection Regulation coming into force, under strong pressure, can it bring a turnaround to the crisis of internet data security protection led by the hotel industry? Let's hope so!
By Hao Junhui, Wu Yuxin, Sun Yan, Pan Shaoying, Li Danqi, Li Yunkun, and Zhang Weiwei
Images: graph bugs, internet