Verizon Introduces HSN For Financial Firms

Verizon on Wednesday launched a new low-latency network for financial services firms that can complete a stock transaction between New York and Chicago in as little as 14.5 milliseconds.

The new Verizon Financial Network Premier Low-Latency Service shaves as much as 5 milliseconds off the company’s current offering, a change that can translate into millions of dollars for high-frequency traders.

The new service, which becomes part of the Verizon Financial Network, uses higher performance networking technology from Ciena and takes the shortest possible path between the two metropolitan areas, according to Verizon.

Verizon is targeting the service to global banks, hedge funds, pre- and post-trade service firms and money managers who use high-performance computing algorithms and networks for speedy transactions.

High-frequency trading firms require low-latency networks to execute arbitrage transactions and algorithmic trading with minimal delay. Fiber distance between trading locations introduces latency, as does the equipment used to light the fiber.

Verizon plans on expanding the new high-speed network to other U.S. markets later this year.

CME Group, a financial derivatives marketplace, plans to use the new Verizon service in its Aurora, Ill., data and colocation center to enable companies in Chicago and New York to trade on CME Group’s platforms and more quickly exchange market data.

“We’re creating a secure, reliable high-speed path along one of the busiest financial trading routes,” Chandan Sharma, managing director of Verizon’s financial vertical markets, said in a statement.

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Big Boys Sign Consumer Privacy Pact

Six of the world’s top consumer technology companies have agreed to provide greater privacy disclosures before customers download applications in order to protect the personal data of millions of consumers, California’s attorney general said on Wednesday.

The agreement binds Amazon, Apple, Google, Microsoft, Research In Motion, and Hewlett-Packard — and developers on their platforms — to disclose how they use private data before an app may be downloaded, Attorney General Kamala D. Harris said.

“Your personal privacy should not be the cost of using mobile apps, but all too often it is,” said Harris.

Currently 22 of the 30 most downloaded apps do not have privacy notices, said Harris. Some downloaded apps also download a consumer’s contact book.

Google said in a statement that under the California agreement, Android users will have “even more ways to make informed decisions when it comes to their privacy.”

Apple confirmed the agreement but did not elaborate.

Harris was also among U.S. state lawmakers who on Wednesday signed a letter to Google CEO Larry Page to express “serious concerns” over the web giant’s recent decision to consolidate its privacy policy.

The policy change would give Google access to user information across its products, such as GMail and Google Plus, without the proper ability for consumers to opt out, said the 36 U.S. attorneys general in their letter.

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Nokia To Unveil Cheaper Windows Phone

Nokia debuted a new, cheaper and more budget-friendly smartphone using Microsoft’s Windows Phone software, targeting a wider market for its new range of smartphones.

Cheaper phones are the key for Nokia and Microsoft in their battle to win a larger share of the market, analysts say.

In addition to the new Lumia 610 Nokia will also unveil at the Mobile World Congress trade show in Barcelona a global version of its high-end Lumia 900 phone, which AT&T is scheduled to roll out in the United States, the sources said.

Nokia is set to unveil the phones at a news conference next Monday, on February 27.

Nokia last year dumped its own smartphone software platforms in favor of Microsoft’s Windows Phone, which has so far had a limited impact due to the high prices of phones using it.

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Is Samsung Flip Flopping?

Samsung is apparently rethinking its decision not to bring Android 4 to the Galaxy S and Galaxy Tab.

Earlier the company stated that neither device could be updated due to the size of Samsung’s TouchWiz interface. The news created a bit of an issue with users sharpening scythes, pitchforks and lighting torches to go on a lynching. Now word on the street is that the company is considering backing down on its decision due to “strong customer demand.”

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Will Android Tablets Get Ice Cream Sandwich?

Google just held its Galaxy Nexus event in Hong Kong and we read just about every report and release in detail, only to find that Google didn’t even mention Ice Cream Sandwich Android 4.0 for tablets, which is somewhat surprising.

At this time, there is no official information if and when Android 4.0 comes to tablets. Since Android 4.0 looks like the lovechild of Gingerbread and Honeycomb and gets a few new options, it’s likely that we will see Android 4.0 on tablets, with a few tweaks of course.

Google just don’t want to talk about it, at least not yet. Since Google chaps already said that Android 2.3 capable phones should be able to run Android 4.0 this definitely applies to any Android 3.x tablets since most of them have dual-core processors and quite powerful hardware to back it up.

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Patches Released For Firefox and Thunderbird

The release of Firefox 7 is important because the new version features better memory management and is the first step in Mozilla’s long term plan to make the browser more resource friendly.

Nevertheless, users who upgrade to it will also benefit from improved security as this release fixes six critical and two moderate severity security vulnerabilities.

Four of the critical patches are shared with Thunderbird 7 and address a use-after-free condition with OGG headers, an exploitable crash in the YARR regular expression library, a code installation quirk involving the Enter key and multiple memory hazards.

A moderate severity patch that provides defence against multiple Location headers caused by CRLF injection attacks is also common to both products.

In addition to these patches Firefox 7 also contains fixes for two critical and one moderate severity vulnerabilities, with one of them resulting in a potentially exploitable WebGL crash.

It’s worth pointing out that Microsoft previously motivated its decision to not include support for WebGL in Internet Explorer by saying that the 3D graphics library opens a large attack surface.

So far several serious vulnerabilities have been identified and patched in WebGL, which partially supports Microsoft’s assessment, but the library’s supporters claim this is no different than with other technologies.

Firefox 7 also updates Websocket, a protocol disabled in the past because of security issues, to version 8, which is no longer vulnerable to known attacks.

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Adobe Patches Security Holes in Flash

Adobe has released a security update for Flash Player in order to address several critical vulnerabilities, including one that is being exploited in the wild.

The Flash Player 10.3.183.10 for Windows, Mac and Linux, and Flash Player 10.3.186.7 for Android, contain patches for six security flaws.

One of them is a cross-site scripting (XSS) weakness that can be exploited to execute rogue actions on behalf of web sites or webmail providers if victims click on maliciously-crafted links.

“There are reports that this issue is being exploited in the wild in active targeted attacks designed to trick the user into clicking on a malicious link delivered in an email message,” Adobe warns in its security advisory.

XSS vulnerabilities are the result of improper user input validation and allow attackers to execute rogue code in the context of the current web site. For example, they can be leveraged to extract session cookies or load rogue forms into legitimate pages, which makes for very credible phishing attacks.

Adobe credits Google for reporting this cross-site scripting vulnerability, which is identified as CVE-2011-2444. This means it might have been detected in attacks against Gmail users.

Two other patched vulnerabilities allow for arbitrary code execution and are located in the AVM stack. One of them can also lead to a denial of service condition. Two remote code execution logic errors and a Flash Player security control bypass have also been addressed.

Users should deploy the new update as soon as possible because browser plug-ins like Java, Adobe Reader or Flash Player are amongst the most attacked pieces of software one can have on a computer. However, unlike Adobe Reader X (10.0) which features sandboxing technology, Flash Player doesn’t have any anti-exploitation mechanism built-in.

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Flash Player 11 Launched With 3D Gaming

Adobe Systems announced Flash Player 11 and Adobe Air 3 software Wednesday to assist developers in building more sophisticated applications with dozens of new features across smartphones and tablets as well as desktop computers.

The releases are Adobe’s biggest in two years, and will be available free of charge in early October, said Anup Murarka, Adobe’s director of product marketing. The related tools, Flash Builder and Flex, will support new features in Flash Player 11 and Adobe Air 3 by the end of the year.

The releases will enable delivery of 2D and 3D games over the Internet to various devices, Murarka said. Developers of enterprise applications will also find the 3D capabilities popular for data-centric apps. Enterprises, for example, will be able to build application dashboards to “visualize complex data sets” with 3D images, he said.

Developers will also be able to use the tools to more deeply integrate business software like Excel and Outlook in devices and to access hardware programming interfaces for functions such as Near-Field Communication being used more widely in smartphones, Murarka said.

The new versions will also help developers build more secure applications with the ability to leverage cryptographically secure random number generation, he said.

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Will Cisco CEO Get The Boot?

Cisco has slashed its forecast revenue increase by more than half, while rumours circulate about the possible departure of its long-serving CEO.

Cisco previously expected to increase revenues by 12 to 17 per cent over the next three years, but it has revised this figure downwards to a much smaller five to seven per cent, according to the BBC. It expects profits, however, to be seven to nine per cent for this three year period, which is a healthy profit forecast for a company that has been struggling in the recent economic climate.

Cisco’s original optimistic outlook appears to have been founded on an overall view that the global economy would recover quickly, a view that is swiftly changing as many fear another dip into recession, particularly with the debt crisis in Europe. This negative outlook has likely had a strong impact on Cisco’s forecast, resulting in its far more modest growth expectations.

Cisco has also had some problems of its own to work out over recent months. In July it announed that it would axe as many as 15 per cent of its workforce, or 11,500 people, in addition to selling a Mexican set-top box factory to Foxconn. It also abandoned its Flip video camera business, with the loss of 550 jobs.

In April the company’s CEO, John Chambers publicly acknowledged that Cisco had lost its way, with fiscal third quarter profit down a massive 18 per cent. He called for a refocusing on areas in which the company is highly successful, such as networking, servers and cloud provisioning.

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Cisco And HP At Odds Over Catalyst 6500

It appears that HP is calling Cisco out on its advertisement that it’s new improved Catalyst 6500 switch is better than anything HP has to offer. As many IT professionals already know Cisco finally introduced the long-awaited upgrade to the very popular Catalyst 6500. The new Catalyst it equipped with Cisco’s Supervisor Engine 2T, a 2-terabit card which can manage 80 Gbps and triples the 6500′s throughput from 720 Gbps to 2Tbps and quadruples the number of devices that can connect to the network. These stats are based on literature from Cisco’s point of view. Cisco also states that an upgrade to Supervisor 2T on existing Catalyst switches would cost customers around $38,000. However, Cisco is saying if you went the same upgrade path with a comparable HP switch architecture; it would cost the customer more than $100,000 and would only give the customer 720 Gbps of throughput.

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