JP Rangaswami, who joined Deutsche Bank in January as its first-ever chief data officer, said better and cheaper metadata was allowing the bank to analyze previously inaccessible information.

“We are able to see patterns that we could not see beforehand, allowing us to gain insights we couldn’t gain before,” Rangaswami told Reuters in an interview.

Upgrading the technical infrastructure Deutsche Bank needs to get the most out of this data is a priority for Chief Executive John Cryan. He is trying to improve the performance of Germany’s biggest bank, which is struggling to adapt to the tougher climate for banks since the financial crisis.

Cryan, who unveiled a big overhaul at Deutsche on Oct. 29, said at the time that imposing standards on Deutsche’s IT infrastructure was key to improving controls and reducing overheads.

The CEO said in the October presentation that IT design had occurred in silos with the application of little or no common standards. “Our systems are disjointed, cumbersome and far too often just plain incompatible.”

An annual global survey of more than 200 senior bankers published last week by banking software firm Temenos found that “IT Modernization” was now top priority, displacing earlier investment objectives such as regulation and customer friendly mobile apps. IT modernization ranked only fourth among major priorities in the survey last year.

The shift toward technology as a priority shows the extent of the challenge facing banks to modernize infrastructure to analyze internal customer data and try to fend off competition from new financial technology companies.

Rangaswami, who was chief scientist at Silicon Valley marketing software giant Salesforce from 2010 until 2014, said the data would allow Deutsche to tailor services to customers’ needs and to identify bottlenecks and regional implications faster and solve problems more quickly.

Source- http://www.thegurureview.net/aroundnet-category/deutsche-bank-taking-a-deeper-dive-into-big-data.html

It has taken Amazon some time to fall into line on this. Two-factor authentication has become increasingly popular and common in the past couple of years, and it is perhaps overdue for a firm that deals so heavily in trade.

Amazon is treating it like it’s new, and is offering to hold punters’ hands as they embrace the security provision.

“Amazon Two-Step Verification adds an additional layer of security to your account. Instead of simply entering your password, Two-Step Verification requires you to enter a unique security code in addition to your password during sign in,” the firm said.

The way that the code is served depends on the user, who can choose to get the extra prompt in one of three ways. They may not appeal to those who do not like to over-share, but they will require a personal phone number.

As is frequently the case, Amazon will offer to send supplementary log-in information to a phone via text message or voice call, and even through a special authenticating app.

It’s an option, and you do not have to enable it. Amazon said that users could select trusted sign-on computers that spare them from the mobile phone contact.

“Afterward, that computer or device will only ask for your password when you sign in,” explained the Amazon introduction, helpfully.

There are a number of other outfits that offer the two-factor system and you might be advised to take their trade and do your business through them. Apple, Microsoft, Google, Twitter, Dropbox, Facebook and many others offer the feature.

A website called TwoFactorAuth will let you check your standing and the position of your providers.

Source- http://www.thegurureview.net/technology-2/amazon-finally-goes-two-factor.html

Microsoft promised that its Lumia range would cover the low end, business and enthusiast segments but while the Lumia 950 and Lumia 950 XL and Lumia 650 should cover the low-end segment as well nothing has turned up for business users.

This was odd, given that business users want phones that play nice with their networks, something that Redmond should do much better than Google or Apple.

Microsoft’s CFO Amy Hood told the UBS Global Technology Conference that business versions of the Lumia were coming. She said:

“We launched a Lumia 950 and a 950 XL. They’re premium products, at the premium end of the market, made for Windows fans. And we’ll have a business phone, as well.”

There were no details, but we have been hearing rumours of a Surface phone being sighted on benchmarks. It was thought that his would be a Microsoft flagship, but with the launch of the Lumia 950/950 XL, it is possible that this Surface phone could be aimed at the business user. The word Surface matches nicely with Microsoft’s Surface Pro branding.

Source-http://www.thegurureview.net/mobile-category/will-microsoft-debut-a-lumia-business-phone-next-year.html

In its third report this year, Quick Heal warns that Apple users in particular better brace themselves for impact as more and more malware writers who’ve earned their stripes targeting Android users turn their attention to iOS.

“As the number of iPhone owners rises across the world, iOS has become a new potential target for Android malware authors and hackers. It is expected that Android malware will soon be altered to attack iOS users as well, and jailbroken iOS devices will be the first wave of targets for these attacks,” explained the firm (PDF).

“Recently, the ‘XcodeGhost’ malware was found on the Apple App Store and this is just the beginning of such attacks.”

In a section on wearables, Quick Heal predicts hackers will increasingly target fitness trackers, something that other security researchers have already warned about.

A lot of space in the report is reserved for Android-flavoured threats, and users are offered advice on protecting themselves such as if there is an option to use a password over a touch sign-in, then you ought to take it.

“A group of researchers have discovered a serious security flaw in the Android Lollipop version running on devices right now. This flaw allows attackers to bypass the lockscreen of an Android smartphone by using a massive password and thereby exposing the homescreen,” it explains.

“The attack essentially works by opening the in-built camera application and afflicts people using a password to protect their Android device and lock their screen.”

The most significant Android threat is a rascal called Android.Airpush.G, which claims 30 percent of the bug pool and is the kind of adware thing that makes you want to take a hammer to your phone screen. The second most prominent issue is Android.Reaper.A, which can haul in a large data harvest when in place.

Quick Heal is not the only security company in town, and a post on the Symantec website also seems set to put the fear into the Apple user community. That post, read it here – if you dare, says that the Mabouia ransomware is capable of causing a problem for Mac and PC users alike.

Fortunately, Mabouia is a proof-of-concept attack that a researcher shared with both Apple and Symantec. Symantec says that the PoC effort achieves at least one first.

“Mabouia is the first case of file-based crypto ransomware for OS X, albeit a proof-of-concept. Macs have nevertheless already been targeted by ransomware in the form of browser-based threats,” it explained.

“For example, in 2013, researchers at Malwarebytes discovered browser-based ransomware that targeted Safari for Mac users through a malicious website. The website directed Windows users to a drive-by download, while Mac users were served JavaScript that caused Safari to display persistent pop-ups informing the user their browser had been “locked” by the FBI for viewing illegal content.”

Source-http://www.thegurureview.net/computing-category/will-the-xcodeghost-malware-wreak-havoc-on-ios-devices.html

Ericsson, whose like-for-like sales are down 7 percent so far this year and were roughly flat over the previous three years, said the partnership means new areas of revenue as it will boost its addressable market, mainly in professional services, software and the resale of Cisco products.

“We are the wireless No. 1 in the world,” Ericsson Chief Executive Hans Vestberg told Reuters.

“Cisco is by far the No. 1 in the world when it comes to IP routers. Together we can create innovative solutions.”

The companies said in a statement they would together offer routing, data center, networking, cloud, mobility, management and control, and global services capabilities.

“The strategic partnership will be a key driver of growth and value for the next decade, with each company benefiting from incremental revenue in calendar year 2016 and expected to ramp (up) to $1 billion or more for each by 2018,” they said.

Ericsson expects full-year cost synergies of 1 billion Swedish crowns ($115 million) in 2018 due to the partnership and said it would continue to explore further joint business opportunities with Cisco.

Source http://www.thegurureview.net/aroundnet-category/ericsson-and-cisco-join-forces-in-network-partnership.html

Redmond had earlier said that Windows would block SHA-1 signed TLS (Transport Layer Security) certificates from January 1, 2017, but is now mulling moving up the date to June.

There have been concerns about the algorithm’s security as researchers have proven that a forged digital certificate that has the same SHA-1 hash as a legitimate one can be created. Users can then be tricked into interacting with a spoofed site in what is called a hash collision.

In October, a team of cryptoanalysts warned that the SHA-1 standard should be withdrawn as the cost of breaking the encryption had dropped faster than expected to US$75,000 to $120,000 in 2015 using freely available cloud computing.

Programme manager for Microsoft Edge Kyle Pflug wrote in his blog that Redmond will coordinate with other browser vendors to evaluate the impact of this timeline based on telemetry and current projections for feasibility of SHA-1 collisions.

Mozilla said in October that in view of recent attacks it was considering a cut-off of July 1, 2016 to start rejecting all SHA-1 SSL certificates, regardless of when they were issued, ahead of an earlier scheduled date of January 1, 2017.

Courtesy- http://www.thegurureview.net/computing-category/microsoft-to-block-sha-1-hashing.html

But they are being resisted by the banking industry, which sees no need to invest further in PIN technology, already used with debit cards, resulting in halting adoption and widespread confusion.

A small band of retailers with the clout to call the shots on their branded credit cards is leading the charge. Target Corp is moving ahead with a chip-and-PIN rollout, and Wal-Mart Stores Inc plans to do the same.

But Wal-Mart said it faces obstacles because its credit card partner, Synchrony Financial, is not yet able to handle PINs on credit cards. Synchrony declined comment.

Broadly, U.S. banks are unprepared or resisting the change.

The impasse comes after many consumers got their hands on new credit cards embedded with so-called EMV chips in advance of an Oct. 1 deadline that required retailers to accept chip cards or be liable for fraud losses. EMV stands for EuroPay, MasterCard and Visa.

But only about a third of merchants are actually using the chip technology, according to analyst estimates. The number may not pick up until early next year, if at all, because the retail industry typically halts upgrades during the crucial holiday shopping season.

“PIN issuance will remain a niche,” said Julie Conroy, credit-card analyst with Aite Group.

Banks favor using chip cards verified by old-school signatures, even though chip-and-PIN usage has led to lower fraud over the decade they have been used in Europe and elsewhere.

“The PIN is definitely a must,” said Lance James, chief scientist with cyber intelligence firm Flashpoint. “It’s one extra step that provides true two-factor authentication.”

But bankers say PINs provide little benefit beyond the advantage of using chips in combating the estimated $7 billion-plus in annual U.S. card fraud.

EMV chips thwart criminals who use stolen data to create counterfeit cards, a category that Aite estimates accounts for 37 percent of that fraud. Banks say that PINs only provide additional fraud protection when criminals seek to use lost or stolen cards, a situation that Aite estimates accounts for only 14 percent of fraud.

Banking groups say there are better approaches than PINs for verifying customers and have asked retailers to embrace tokenization and encryption to prevent theft of credit card numbers.

“PIN is a static data element that would not have a meaningful impact on overall payments fraud,” said Electronic Payments Coalition spokesman Sam Fabens.

Courtesy-http://www.thegurureview.net/aroundnet-category/confusion-continues-to-reign-with-u-s-chip-pin.html

The carrier also announced it is creating a new dedicated network core for IoT connections that can scale far beyond the ability of its existing networks with the intent to reach billions of sensors and devices.

“Continued innovation in smart cities, connected cars and wearables demonstrates that IoT is the future for how we will live and work,” said Mike Lanman, senior vice president of enterprise products at Verizon during an event held at Verizon’s San Francisco Innovation Center. He said Verizon is taking a “holistic approach” to help expand the IoT market from millions of connections to billions. The event was webcast.

Other major wireless carriers, including AT&T, are developing programs to offer a range of services to industries and cities for connecting IoT sensors to wireless networks and then to cloud services for data analysis.

At Verizon, Lanman said the company is working to lower the cost of connecting billions of existing devices that companies have used for years to Verizon’s network. Holding up a new computer chip made by Sequans Communications, an LTE chip maker, he said the chip will provide a “significant reduction in cost…that changes the game.” It will provide 4G LTE connectivity in modules connected to IoT devices to “make the wide-area network more accessible to developers.”

Also, next year Verizon will launch a new IoT core network within its LTE network to provide a “much lower cost” than with Verizon’s existing wired and wireless networks.

“The cost for an IoT module and the cost to connect will both drop dramatically,” Lanman added. “Whether you are connecting your dog or water meters and any other low-payload devices, we’ll handle it through a new IoT core.”

Source-http://www.thegurureview.net/consumer-category/verizon-launches-thingspace-for-iot-development.html