Newsvolt 09/10

Edition 14 of our #enterthevolt biweekly Retail & Hospitality Newsletter brings an National Basketball Association (NBA) partnership Lebron James would be jealous of, clever innovation of retails shelves and phishing trends.?

AI ??Security ?? AR ??VR ??Payment Assistance ??RFID

Paycor Hits a big Three

The Dallas Mavericks have announced a partnership with Paycor , a leading provider of human capital management (HCM) software. Dallas plans to use their software to enhance efficiency and enable the team to prioritise what truly matters – “powering people and performance”.?

They will become their official HR software provider. Paycor already has deals in the National Basketball Association (NBA) with The Chicago Bulls and the Houston Rockets providing payroll services and being a corporate partner respectively.?

“This collaboration with Paycor marks an exciting milestone for the Dallas Mavericks,” said Dallas Mavericks SVP of Corporate Sponsorships Brittanie Boyd . “By integrating Paycor’s state-of-the-art HCM software, we are investing in the future of our organisation and ensuring that we remain at the forefront of operational efficiency and employee engagement.”

Whilst Raul Villar Jr. ., Chief Executive Officer of Paycor said: “Our agreement with the Dallas Mavericks is a perfect alignment of two organisations dedicated to powering people and optimising performance,”?Continuing “By automating HR processes and providing actionable insights, we’re enabling them to streamline their operations so they can focus on what they do best: delivering unforgettable sports and entertainment experiences.”

Too Good To Be Hanshow ?

Hanshow , a global leader in developing and manufacturing electronic shelf labels and digital store solutions, has partnered with Too Good To Go to take surplus food management to the next level.?

Six stores have been selected to use Hanshow’s electronic shelf labels (ESL). Combining with Too good to Go’s platform products identified to be nearing expiry will flash within two to three seconds streamlining the process of finding items.

It aims to see a reduction of at least 20% in the time spent locating products during date checks.

“By combining Too Good To Go Platform with Hanshow’s advanced technology, we are enabling grocery retailers to simplify surplus food management, helping them save both time and resources while making a real impact in the fight against food waste” - Mateo Rando , Chief Product Officer at Too Good To Go.

With excess waste on the minds of many shoppers knowing companies are doing their best to minimise their waste should provide huge benefits all around.

Gone Phishing!

Unfortunately the increase of technology has also led to the increase of cyber crime. Egress, a KnowBe4 company has launched its latest Phishing Threat Trends Report (October 2024).

Here are some key stats from the report:

• ?8% increase in phishing emails sent between April 1st – June 30th vs January 1st – March 31st, 2024.
• 82% of phishing toolkits mentioned deepfakes and 74.8% referenced AI.
• During a commodity attack, on average organisations experience a 2,700% increase in phishing attacks compared to the normal baseline.
• 72.3% of commodity attacks used a hyperlink as its payload, followed by QR codes at 14.0%.
• 89% of phishing emails involve impersonation; Adobe was the most impersonated brand, followed by Microsoft.
• 14.9% of impersonation emails were classed as ‘payloadless’, relying solely on social engineering tactics.
• 44% of phishing emails were sent from compromised accounts, helping them bypass authentication protocols.

“One of the most troubling findings is the rapid commoditisation of AI in phishing toolkits, which is putting advanced threats into the hands of less sophisticated cybercriminals. Organisations must respond by adopting advanced AI defences that effectively counter these evolving threats; while ensuring they aren’t introducing new vulnerabilities by using AI for AI’s sake.” - Jack Chapman , SVP of Threat Intelligence at Egress, a KnowBe4 company

The report is well worth the read.?

And that’s it for our #enterthevolt Newsletter. We hope you have enjoyed this week's newsletter and we look forward to bringing you the latest trends, news and exciting companies in the future. Remember to subscribe to our newsletter on LinkedIn and our Email list for future workshops and advice.

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Kyall Browne - Director of Digital Marketing

David Boal - Founder of TalentVolt

Jennifer Seress - Associate Director