Business

Mary Schmich is world famous – but you may not know her

By Andrew Donlan
Medill Reports

Mary Schmich was walking to work at the Chicago Tribune, as she did everyday, when she passed a young woman naively soaking herself in some of the first strong rays of sun on Lake Michigan after a long Chicago winter.

“I remember thinking ‘God, I hope she’s wearing sunscreen.’” Schmich said. “And I kept walking and I thought, you know, I’ve just got so much advice I’d like to give to young people.”

She laughed at herself, realizing she’d reached the age where such thoughts even crossed her mind. Later, she fired up her computer, grabbed a coffee and some M&Ms from the vending machine at the Tribune Tower on Michigan Avenue and began writing.

“Wear sunscreen.”

Closer to the end of the summer of ’97, a few months after she passed the sunbathing girl, Schmich got a call from a friend. His sister, who lived in Denver, had sent him an e-mail of a commencement speech by Kurt Vonnegut at MIT. It looked an awful lot like something he had read from her in the Chicago Tribune months earlier, he said.

“You better get on this,” he told her. Continue reading

A mosquito can become a video game hero in Japan

By Jessica Xieyang Qiao
Medill Reports

A lone mosquito patrols the Yamada family to stock up on blood for the coming winter. You are Mister Mosquito, an uninvited guest who pesters the hapless Yamada family. They want you dead. You want to bite. The battle is on.

Quirky as it sounds, Mister Mosquito is a Japanese video game released by ZOOM Inc. in 2001. Unlike U.S. video games that depict  post-apocalyptic journeys or commando attacks, Mister Mosquito allows you to experience the hardship of a mosquito’s life.

“In Japanese video games, there are craftsmanship and culture that you don’t see in other countries,” said John Davis, co-founder of BitSummit, an annual Kyoto indie game festival. “Japan never shies away from having anime, strong female protagonists or other types of subjects in games. There has never been a cookie-cutter approach to game semantics.” Continue reading A mosquito can become a video game hero in Japan

Chicago’s impact investing landscape: A conversation

By Cyan Zhong
Medill Reports

What is the primary purpose of business? To maximize profit or to make the society better with products and services? Can businesses balance these two goals?

Impact investing, a trend quickly gaining momentum in Chicago, offers an answer. In February, small businesses, not-for-profits, corporations, foundations and venture capitalists alike gathered at the annual Impact Investing Showcase, to learn about how the latest innovations and impact measurements help businesses “do well” and “do good” at the same time.

Impact Investing Showcase 2019. (Video by Cyan Zhong/Medill)

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New cyberattacks such as cryptojacking make past risks kids’ stuff

By Xieyang Jessica Qiao
Medill Reports

Blockchain, AI, IoT and a storm of new technologies are leading to greater operational efficiency and consumer opportunities, while triggering an increasing range of cyberattacks.

In the age of digital transformation, the best defense for users is to understand past breaches in order to maintain constant vigilance for future threats.

AI applications have made inroads in robotic process automation that allows users in all professions to extract key metadata from their text, including entities, relations, concepts and sentiments. This helps lawyers run a smarter practice, for instance.

“Process automation can extract basic entities from your contracts’ metadata across different repositories and move that metadata into a contract life cycle management system,” said Andrew Pery, consultant of ABBYY, a software company that offers AI-based solutions. “So you have a single point of resources from which you can manage the contract life cycle.”

More advanced instances of process automation focus on cognitive analytics. By using the neural network, natural language processing and semantic analysis, AI extracts meaning from legal documents and may even predict the outcome of a court case.

While high technology generates excited chatter with its wide-ranging applications, it also creates new security incidents that have become increasingly complex. Recent years saw the growth of malware attacks targeting AI-powered and IoT devices.

“Everything that is connected to the internet is potentially susceptible to data breaches, and getting attached to the internet can become in essence a risk factor,” said Tomas Suros, chief solutions architect of AbacusNext, a software and private cloud services provider. “We’ve seen attacks specific to those AI-powered or IoT devices. Malware may propagate through Alexa, Siri or anything that can be used to automate activities.”

Suros said 60 percent of small- and medium-sized businesses had been infected or had a data breach at one point. Within six months, 60 percent of them went out of business.

“The scope of malware attacks is increasing,” Suros said. “The damage to your business reputation, your inability to restore and the cost associated with recovery are devastating.”

While the sophistication of cyber crimes increases, its paradigm also shifts. A hacker breaks into your network to steal information or creates a virus to corrupt your network are now “ancient” models of cyberattacks. The new culprit is no longer smash-and-dash.

“Let’s say somebody inadvertently clicks on a link in an email,” Suros said. “The malware attack may not happen immediately. Instead, a bot is dropped on your network. It does password sniffing and siphons off that information in a way that is not immediately apparent. But the bot can penetrate your network and continue to do damage.”

There is also a nefarious nature to the way these innovative attacks are initiated, as they spike immediately before and after Thanksgiving and Christmas breaks.

“The goal is to find you in a weak moment when you’re busy or distracted and all it takes is one weak point in your network to initiate a deadly infection,” Suros said.

One type of malware is Trojan, which purports to be a legitimate software such as a browser or an add-on. When you install the software, however, Trojan drops malware on your system.

“After the infection starts, Trojan can identify an encrypted network drive even a couple of layers deep,” Suros said. “If you have data drives that create backups, Trojan can come in to create an infection and find those drives. Before initiating the attack, it actually has a map. This allows Trojan to hide its traps and potentially remove your ability to restore your backups of that data.”

Ransomware, a subset of malware programmed to encrypt data and block access to the computer network until money is paid, ramped up last year and is likely to rise even more in 2019.

“It comes in many shapes and sizes,” Suros said. “One of the newer variants is described as artisanal, meaning it’s designed to know its targets, what systems they’re using, and then deploy itself in ways that fool individuals by giving them information that seems familiar.”

Samsam, the ransomware used in targeted attacks, is responsible for the 2018 Atlanta cyberattack when one-third of the 424 software programs used by the city were thrown offline or partially disabled.

“Samsam doesn’t immediately start an attack,” Suros said. “It starts a scheme by recognizing the system and looking for vulnerabilities – the shortest path to a disruptive attack. It may install a crypto miner or a keystroke logger, which keeps records of every keystroke and sends them off as a file. People can deconstruct that and find your password.”

Then there’s cryptojacking – an emerging form of ransomware that may hide on your network to gain unauthorized use of your computer to mine cryptocurrency.

“It’s not encrypting your data or preventing you from using the system,” Suros said. “But it uses your resources, your central processing unit (CPU) cycles, your storage and your internet to create cryptocurrencies and send that to someone else who collects them.”

While cryptojacking malware doesn’t take all your data, it steals your resources, slows down your system and limits your security shields.

Last year also saw an upward trend in spear phishing and whaling attacks. While whaling attack is a more specific type of spear phishing that targets high-level executives, both are social engineering attacks that use psychological manipulation to trick users into revealing sensitive information.

“Spear phishing can identify your organization,” Suros said. “It may appear to come from HR, requesting you to update your password. You may receive an email from the IT department, asking you to do something and you will probably do it- thinking that the cause is to improve your technology and security.”

Suros said attacks cost businesses more than $75 billion per year- and it’s not just ransom that is paid. If individuals refuse to pay ransoms, they no longer have access to their servers or workstations.

“They are out of business until they can restore and recover,” Suros said. “There are 1.5 million phishing sites being created each month. This has become an industry and it will continue to grow this year.”

Photo at top: Recent years saw an increasing amount of advanced cyberattacks worldwide. (Miria Grunick/Flickr)

Most trendy 2018 technologies unveiled in Chicago and beyond

By Xieyang Jessica Qiao
Medill Reports

Today may be the slowest day you’re ever going to have during the rest of your life. The pace of change tomorrow will be faster than the pace today.

Chicago’s burgeoning VC opportunities and tech scene

An entrepreneurial spirit, fueled by investors who bet big on the city, is driving Chicago’s tech startup scene. According to the 2018 Chicago VC Ecosystem report, the city continues to outperform other U.S. venture ecosystems – including Silicon Valley – in terms of median multiple on invested capital (MOIC).

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How a women-led tech startup e-prescribes community resources for self-care

By Cyan Zhong
Medill Reports

Stacy Lindau wears many hats – practicing physician, researcher, professor. But she never imagined herself a technology startup founder.

As electronic prescriptions make the old-school pencil-to-paper prescriptions obsolete, Lindau found the calling to expand the power of information technology outside exam rooms and into a broader community.

With funding from the Centers for Medicare and Medicaid Services, Lindau created NowPow by bringing the brainchild of her research at the University of Chicago to market. Continue reading

Dreams come true at Inspiration Kitchen: How job training program helps those in need

By Lily Qi
Medill Reports

About 10 freshmen gathered at the back of the kitchen. It’s their first day here and they have no idea what is coming in the following 12 weeks. Most of them aren’t sure what is going to happen in the next few hours. This occurs every four months at the Inspiration Kitchen in East Garfield Park because but not many kitchens operate like this.

A group of first-day students meet with Inspiration Kitchen instructor Elizabeth Holland before the work day starts. (Lily Qi/Medill)

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Riding with SLAM Magazine at NBA All-Star weekend

By Andrew Donlan and John Alfes
Medill Reports

South Tryon Street buzzed on a summery, mid-February afternoon in Charlotte, as basketball fans from around the country swarmed a Sprinter van enveloped in vibrant magazine covers at the epicenter of the basketball universe — NBA All-Star weekend.

The van was placed strategically near Charlotte’s Mint Museum, which was paying homage to Nike’s Jordan brand in an atrium  exhibit of larger-than-life graphics. The basketball staple has prevailed sans uncertainty for more than three decades. Outside, another basketball brand — the iconic SLAM Magazine — put new methods of doing business to the test, led by ambitious workers determined to propel the publication forward in its third decade, too. Continue reading

Growth in European air travel expected to produce significant gains in carbon emissions

By Brady Jones
Medill Reports

Carbon emissions from European air travel could increase by at least 21 percent by 2040, according to a newly released study.

The 2019 European Aviation Environmental Report highlights the growth trend in the aviation sector throughout the continent. The number of kilometers flown in Europe has increased by 20 percent since 2014 and 60 percent since 2005.

This gain in travel, however, contributed an estimated 163 million metric tons of full-flight carbon dioxide emissions in 2017—an increase of 10 percent since 2014 and 16 percent since 2005. This is the equivalent to the annual greenhouse gas emissions of more than 34 million cars, according to the U.S. Environmental Protection Agency emissions calculator.

The report, published by the European Aviation Safety Agency (EASA), examines this growth by the aviation industry in the context of the European Union’s stated goal of reaching net-zero carbon emissions by 2050. In 2016, the aviation industry was responsible for 3.6 percent of greenhouse gas emissions for the EU and 13.4 percent of its overall transportation emissions. This represents the second highest release of transportation emissions after road traffic.
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It’s all about the wings – Buffalo Joe’s

By Seth Schlechter
Medill Reports

It all about the wings at Buffalo Joe’s, more commonly referred to as “Buff Joe’s” and a staple in Evanston on Clark Street west of Sherman Avenue. The menu also features burgers, sandwiches and salads. This cash only restaurant offers great food at affordable prices.

“Photo at top: Buffalo Joe’s located in Evanston is a favorite eatery for Northwestern students. (Seth Schlechter/MEDILL)