Arkansan tech experts are bracing for an unexpected spike in demand for their services and the consequences of the data breach.
The data breach, which took place in December, has already prompted new regulations in the state, requiring the installation of security cameras on businesses and requiring new licenses for workers.
In response, some tech firms have sought to expand in the capital, adding offices in downtown and in the suburbs.
Some of the companies are offering free services, such as virtual tours, to visitors.
“It’s definitely going to have an effect,” said Kevin Kowalski, an associate professor at the University of Arkansas.
“This is a good thing, and it’s going to be a good time to invest.
I think there’s going, you know, this big boom in the coming weeks and months.”
A new wave of business venture Capital markets have been hot in the past year.
The stock market soared by more than 80 per cent in the two years ending in December.
This week, the Dow Jones Industrial Average fell nearly 300 points.
In the second quarter, the Nasdaq was down 2.5 per cent, while the S&P 500 was down 1.9 per cent.
The Nasdaq also is expected to hit its all-time high this week.
Arkansa’s tech boom comes at a time of heightened scrutiny in the U.S. on cybersecurity.
U.K. Prime Minister David Cameron said on Tuesday that his government would work with businesses to combat cyberattacks.
“Cybersecurity has become an essential component of our security strategy.
As a member of the Cobra Group, I’m going to work with business, the government and the private sector to create a clear cyber security strategy that will protect our security and our economy,” Cameron said in a statement.
“I believe the UK’s approach to cybersecurity is the best in the world.”
Some economists are concerned that technology firms will continue to take advantage of the current boom.
“There is no doubt that technology companies will continue expanding in the future,” said Doug McBride, chief economist at the Capital Economics firm in Dallas.
“But we do have to be careful about how much they are going to continue to do.
We’re not seeing a lot of growth in the tech sector.
I don’t see it as a new phenomenon.”
Follow the Money article Capital Economics said on Monday that the number of U.N. Security Council resolutions adopted on the issue of cybersecurity has fallen from 1,823 in 2015 to 619 in 2016, and that the U to the UDRP, a new international agreement that seeks to address cyber issues, has seen a 20 per cent drop in adoption.
“There are two factors driving this downward trend,” said Mark Williams, the chief economist of the consulting firm.
“First, the resolution on the U-N.S.-Cairo initiative is not a big deal.
Second, we have seen a reduction in the adoption of the UDPF [U.N.’s International Framework for Diversification of Trade], which is another way of saying that the issue is not attracting much attention at the Security Council.”
But I don.
I would say there is a real possibility that, given the lack of momentum in the Security Committee, it will fall by another 20 to 25 per cent next year.
“The trend is really down,” Williams added.
“And I think that’s a sign of things to come.”