The Society for Worldwide Interbank Financial Telecommunication (SWIFT)’s chief executive, Gottfried Leibbrandt, told a financial services conference in Brussels that SWIFT will launch a five-point plan later this week.

Banks send payment instructions to one another via SWIFT messages. In February, thieves hacked into the SWIFT system of the Bangladesh central bank, sending messages to the Federal Reserve Bank of New York allowing them to steal $81 million.

The attack follows a similar but little-noticed theft from Banco del Austro in Ecuador last year that netted thieves more than $12 million, and a previously undisclosed attack on Vietnam’s Tien Phong Bank that was not successful.

The crimes have dented the banking industry’s faith in SWIFT, a Belgium-based co-operative owned by its users.

The Bangladesh Bank hack was a “watershed event for the banking industry”, Leibbrandt said.

“There will be a before and an after Bangladesh. The Bangladesh fraud is not an isolated incident … this is a big deal. And it gets to the heart of banking.”

SWIFT wants banks to “drastically” improve information sharing, to toughen up security procedures around SWIFT and to increase their use of software that could spot fraudulent payments.

SWIFT will also provide tighter guidelines that auditors and regulators can use to assess whether banks’ SWIFT security procedures are good enough.

Leibbrandt again defended SWIFT’s role, saying the hacks happened primarily because of failures at users. “Many of the less protected banks are in countries were skills are really scarce,” he said, pointing the finger at providers of services to banks.

“We will have to create an ecosystem of providers and partners, for example by introducing certification requirements for third-party providers,” he said.

Courtesy-http://www.thegurureview.net/uncategorized/swift-to-implement-new-security-program-after-recent-hacking.html

Bernstein Research’s senior analyst Mark C. Newman said that the competitive dynamic in the memory chip industry is not as good as we thought due to Samsung’s aggressive and opportunistic behavior. This is analyst speak for Samsung is engaging in a supply and price war with the other big names in the memory chip marking business – SK hynix and Micron.

“Rather than sit back and enjoy elevated profit margins with a 40 percent market share in DRAMs, Samsung is intent on stretching their share to closer to 50 percent,” he said.

Newman said the company is gaining significant market share in the NAND sector.

“Although Samsung cares about profits, their actions have been opportunistic and more aggressive than we predicted at the expense of laggards particularly Micron Technology in DRAMs and SK hynix in NANDs,” he said.

SK hynix is expected to suffer. “In NAND, we see Samsung continuing to stretch their lead in 3D NAND, which will put continued pressure on the rest of the field. SK hynix is one of the two obvious losers.”

Newman said that Samsung’s antics have destroyed the “level of trust” among competitors, perhaps “permanently,” as demand has dropped drastically with PC sales growth down to high single digits in 2015 with this year shaping up to be the same.

“Sales of smartphones, the main savior to memory demand growth have also weakened considerably to single digit growth this year and servers with datacenters are not strong enough to absorb the excess, particularly in DRAM,” Newman said.

He is worried that Samsung could create an oversupply in the industry.

“The oversupply issue is if anything only getting worse, with higher than normal inventories now an even bigger worry. Although we were right about the shrink slowing, thus reducing supply growth, the flip side of this trend is that capital spending and R&D costs are soaring thus putting a dent in memory cost declines,” he said.

China’s potential entry into the market and new technologies will provide further worries “over the longer term.”

“Today’s oversupply situation would become infinitely worse if and when China’s XMC ramps up big amounts of capacity. New memory technologies such as 3D X-point, ReRAM and MRAM stand on the sidelines and threaten to cannibalize part of the mainstream memory market,” he said.

Courtesy-Fud

Peter Lee, the corporate vice president of Microsoft Research said that Quantum computing is “stupendously exciting right now.”

Apparently it is Microsoft Research’s largest area of investment and Lee is pretty certain it is on the verge of some major scientific achievements.

“There’s just hope and optimism those scientific achievements will lead to practical outcomes. It’s hard to know when and where,” Lee said.

This is the first we have heard about Redmond’s quantum ambitions for a while. In 2014 the company revealed its “Station Q” group located on the University of California, Santa Barbara, campus, which has focused on quantum computing since its establishment a decade ago.

We sort of assumed that Microsoft would not get much work done on Quantum states because faced with a choice most cats would rather die in a box rather than listen to Steve Ballmer. But we guess with a more cat friendly CEO it is moving ahead.

Lee said that he has explained quantum computing research to Microsoft chief executive Satya Nadella by comparing it with speech processing. In that field, Microsoft researchers worked “so hard for a decade with no practical improvement,” he said. Then deep learning brought about considerable leaps forward in speech recognition and Microsoft was in on the ground floor.

“With quantum, we’ve made just gigantic advancements making semiconductor interfacing, allowing semiconductor materials to operate as though they were superconducting. What that means is the possibility of semiconductors that can operate at extremely high clock rates with very, very little or no heat dissipation. It’s just really spectacular.”

Courtesy-Fud

While there have been cut-down Linux implementations before the increase in numbers of smart, connected devices has made something a little more specialized more important.

Zephyr is all about minimizing the power, space, and cost budgets of IoT hardware.
For example a cut down Linux needs 200KB of RAM and 1MB of flash, IoT end points, which will often be controlled by tiny microcontrollers.

Zephyr has a small footpoint “microkernel” and an even tinier “nanokernel.” All this enables it to be CPU architecture independent, run on as little as 10KB while being scalable.

It can still support a broad range of wireless and wired technologies and of course is entirely open saucy released under the Apache v2.0 License.

It works on Bluetooth, Bluetooth Low Energy, and IEEE 802.15.4 (6LoWPAN) at the moment and supports x86, ARM, and ARC architectures.

Courtesy-Fud

The Android fork, which adds conventional desktop features such as a taskbar, start menu and support for multiple windows, has been a huge hit, overshadowing the implementation of Android revealed in Google’s recent high-end tablet the Pixel C.

The initial build, as ever, is designed to fish for bugs and aid developers. A beta will follow in the coming weeks. The Alpha doesn’t contain Google Mobile Services apps such as the Play store and Gmail, but the finished version will. In the meantime, users can sideload the gApps package or go to the Amazon Web Store.

There may also be problems with some video codecs, but we’re told this is a licensing issue which will be resolved in the final version too. In the meantime, the first release is perfectly useable.

Compatibility with most Android apps is instant, but the user community can ‘upvote’ their favourites on the Remix OS site to flag what’s working best in each category.

The company has already released a small desktop machine of its own, called the Remix Mini, the world’s first fully functioning Android PC, priced at just $70 after a successful Kickstarter campaign. It has also developed a 2-in-1 ultrabook, the Remix Ultra, and has licensed Remix OS to several Far East tablet manufacturers.

In this new move, the company has teamed up with Android-x86, a group that has been working on an executable version of Android for computers since 2009, to launch a Remix OS installer which will allow existing hardware to become Remix OS powered, or as a partition on a dual-boot machine.

A third option is to store the OS on a USB stick, meaning that you can make any computer your own. This technique has already been popular through the Keepod programme which offers Android on a stick to countries without access to high-speed computers.

The advantages of Remix OS to the developing world are significant. Bench tests have shown that Remix OS works significantly faster than Windows, which will potentially breathe new life into older machines and make modern machines run at previously impossible speeds.

Remix OS was designed by three ex-Google engineers and includes access to the full Google Apps suite and the Google Play store.

David Ko, co-founder of Jide Technology, said: “Today’s public release of Remix OS, based on Android-x86, is something that we’ve been working towards since we founded Jide Technology in 2014.

“All of us are driven by the goal of making computing a more accessible experience, and this free, public release allows us to do this. We believe Remix OS is the natural evolution of Android and we’re proud to be at the forefront of this change.”

The public Alpha will be available to download from Jide and android-x86 from 12 January, and a beta update is expected swiftly afterwards. The INQUIRER has been using a Remix Mini for over a month now, and a full review of the operating system is coming soon.

Courtesy-TheInq

This is the second bout of attacks from the group of technology tearaways, according to Motherboard, which reports on the Clapper problem and its connection to a group known as Crackas With Attitude.

A member of the group, a young chap called Cracka, told Motherboard that access to a range of Clapper accounts had been seized, and that Clapper and the CIA haven’t a clue what’s going on.

“I’m pretty sure they don’t even know they’ve been hacked. You asked why I did it. I just wanted the gov to know people aren’t fucking around, people know what they’re doing and people don’t agree #FreePalestine,” he said.

The claims were supported by the Office of the Director of National Intelligence, which confirmed that something has happened and that the authorities are looking into it.

“We’re aware of the matter and we reported it to the appropriate authorities,” said spokesman Brian Hale, before going mute.

Cracka, representing himself on Twitter as @dickreject, is less quiet. He has tweeted a number of confirmatory and celebratory messages that are not particularly flattering about the CIA and its abilities.

This is the group’s second bite at the CIA cherry. The teenagers walked into the personal email account of CIA director John Brennan last year and had a good look around. Some of the impact of this was washed away when it was discovered that Brennan used an AOL account for his communications.

“A hacker, who describes himself as an American high school student, has breached the CIA boss’s AOL email account and found a host of sensitive government files that one assumes a government official shouldn’t be sending to his personal email address,” said security comment kingpin Graham Cluley at the time.

“I’m not sure what’s more embarrassing. Being hacked or having an AOL email account.”

Courtesy-TheInq

WordPress, and its themes, are often shone with the dark light of the security vulnerability, but we do not hear of WP Engine often. Regardless of that, it seems to do good business and is reaching out to those that it does business with to tell them what went wrong and what they need to do about it.

A reasonable amount of threat mitigation is required, and if you are affected by the issue you are going to have to change your password – again, and probably keep a cautious eye on the comings and goings of your email and financial accounts.

“At WP Engine we are committed to providing robust security. We are writing today to let you know that we learned of an exposure involving some of our customers’ credentials. Out of an abundance of caution, we are proactively taking security measures across our entire customer base,” says the firm in an urgent missive on its web pages.

“We have begun an investigation, however there is immediate action we are taking. Additionally, there is action that requires your immediate attention.”

That action, is probably to panic in the short term, and then to change your password and cancel out any instances of its re-use across the internet. You know the drill, this is a daily thing right. Judging by the WordPress statement we are in the early days of internal investigation.

“While we have no evidence that the information was used inappropriately, as a precaution, we are invalidating the following five passwords associated with your WP Engine account,” explains WordPress as it reveals the sale of its – actually, your, problem. “This means you will need to reset each of them.”

Have fun with that.

Courtesy-TheInq

We say reportedly as we have not been able to contact Hilton ourselves and can rely only on reports. They are pretty solid reports, however, and they concern a problem at the company that happened between 21 April and 27 July.

Brian Krebs, of KrebsOnSecurity, started this off with a report about a payment card breach. Krebs said that he had heard about the breach from various sources, and that Visa – the card provider – has mailed potentially affected parties with a warning, and the news that it is the fault of a bricks and mortar company.

Visa did not name the company, but affected parties, or banks to be more precise, have uttered it to Krebs. Its name is Hilton.

“Sources at five different banks say they have now determined that the common point-of-purchase for cards included in that alert had only one commonality: they were all were used at Hilton properties, including the company’s flagship Hilton locations as well as Embassy Suites, Doubletree, Hampton Inn and Suites, and the upscale Waldorf Astoria Hotels & Resorts,” he wrote.

“It remains unclear how many Hilton properties may be affected by this apparent breach. Several sources in the financial industry told KrebsOnSecurity that the incident may date back to November 2014, and may still be ongoing.”

Krebs has a statement from the Hilton organisation in which the firm defended its security practices, and revealed that it is aware of the potential problem and is looking into it. This is a common theme among the breached, and should soon become part of mission statements.

“Hilton Worldwide is strongly committed to protecting our customers’ credit card information,” said the company in the statement to Krebs.

“We have many systems in place and work with some of the top experts in the field to address data security. Unfortunately the possibility of fraudulent credit card activity is all too common for every company in today’s marketplace. We take any potential issue very seriously, and we are looking into this matter.”

We have asked Visa and Hilton for their comments.

Source-http://www.thegurureview.net/computing-category/was-the-hilton-hotel-chain-hacked-in-april.html