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SEC Asks Companies To Disclose Attacks
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U.S. securities regulators formally asked public companies for the first time to disclose cyber attacks against them, following a trend of high-profile cyber crimes.
The Securities and Exchange Commission issued guidelines on Thursday that laid out the kind of information companies should disclose, such as cyber events that could lead to financial losses.
Senator John Rockefeller had asked the SEC to issue guidelines amid concern that it was becoming hard for investors to assess security risks if companies failed to mention data breaches in their public filings.
“Intellectual property worth billions of dollars has been stolen by cyber criminals, and investors have been kept completely in the dark. This guidance changes everything,” Rockefeller said in a statement.
“It will allow the market to evaluate companies in part based on their ability to keep their networks secure. We want an informed market and informed consumers, and this is how we do it,” Rockefeller said in a statement.
There is a growing sense of urgency about cyber security following breaches at Google Inc, Lockheed Martin Corp, the Pentagon’s No. 1 supplier, Citigroup, the International Monetary Fund and others.
Lenovo Passes Dell, Becomes No. 2 PC Vendor
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Lenovo surged past Dell to become the world’s second largest PC vendor at the end of the third quarter, according to research firms IDC and Gartner.
Top PC maker Hewlett-Packard also saw its worldwide PC shipments grow by 5.3 percent in the quarter, despite reports that the company may spin off its PC business.
Both research firms said growth for the quarter failed to reach earlier projections. IDC said at the end of the third quarter, worldwide PC shipments increased by 3.6 percent year-over-year, below its earlier 4.5 percent growth projection.
Gartner said PC shipments grew by 3.2 percent year-over-year, which was lower than the research firm’s original projection of 5.1 percent growth for the quarter.
Analysts have pointed to sluggish spending because of weak economic conditions as a key reason behind the slowdown in PC growth. The rise of tablets has also hurt shipments.
“For the moment, PCs have taken a backseat to a range of other devices competing for shrinking consumer and business budgets,” said IDC analyst Jay Chou in a statement.
HTC Is On A Buying Spree
September 13, 2011 by admin
Filed under Consumer Electronics
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Taiwanese handset maker HTC has been on a shopping spree to reshape its business, though it remains to be seen if the strategy will help it gain ground on rivals such as Apple, Samsung and Research In Motion.
HTC has bought or invested in at least six companies this year, many of which provide technologies to improve how users consume and share content on its devices. It’s a big change for the Taiwanese manufacturer, which focused for much of its existence on hardware, leaving software and content to its partners.
Times have changed, however, with rivals like Apple and Nokia building whole ecosystems around their products, including app stores and content delivery systems. HTC has shifted its focus before, moving from contract manufacturer for Microsoft’s smartphones to selling its own HTC-branded devices. It must now evolve once more.
“It is no longer enough to focus only on hardware innovations,” said Ryan Lee, an analyst with Taipei-based Topology Research Institute. HTC’s acquisitions, which include both technology and patents, “pave the way for HTC’s greater competitiveness,” he said.
SpyEye Poses Risk To Banking Defenses
Financial institutions are facing more trouble from SpyEye, a piece of malicious software that steals money from customers online bank accounts, according to new research from security vendor Trusteer.
SpyEye is a dastardly piece of malicious software: it can harvest credentials for online accounts and also initiate transactions as a person is logged into their account, literally making it possible to watch their bank balance drop by the second.
In its latest versions, SpyEye has been modified with new code designed to evade advanced systems banks have put in place to try and block fraudulent transactions, said Mickey Boodai, Trusteer’s CEO.
Banks are now analyzing how a person uses their site, looking at parameters such as how many pages a person looks at on the site, the amount of time a person spends on a page and the time it takes a person to execute a transaction. Other indicators include IP address, such as if a person who normally logs in from the Miami area suddenly logs in from St. Petersburg, Russia.
SpyEye works fast, and can automatically and quickly initiate a transaction much faster than an average person manually on the website. That’s a key trigger for banks to block a transaction. So SpyEye’s authors are now trying to mimic — albeit in an automated way — how a real person would navigate a website.
Apple Website Is Ripe For Hacking
July 4, 2011 by admin
Filed under Around The Net
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According to the Ethical Hacking group YGN, Apple’s website for developers is virtually wide open and gives the opportunity for hackers to introduce malware such asphishing attacks to gain access to subscriber’s vital personal information.
One group known as Networkworld identified three holes on Apple’s website that arbitrary URL redirects, cross-site scripting and HTTP response splitting. That said, these holes could allow hackers to arbitrarily redirect to other websites and make phishing attacks against developers login credentials more successful.
10-Inch Tablets For $299?
June 5, 2011 by admin
Filed under Around The Net
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Taiwan’s Micro-Star International unveiled two new Android-based tablets at Computex this week that appear much sleeker than the WindPad tablets it has manufactured in the past.
The WindPad Enjoy 10 and Enjoy 7, which are being shown in a location further away from the show floor, will start shipping to retailers at the end of July, priced at $299 for the 10-inch version and $199 for the 7-inch version, said MSI product manager Rory Chen.
The tablets on show here were running the 2.3 Gingerbread version of Android. MSI hopes to start using the 3.0 Honeycomb Android OS on the tablets later this year, but it’s unlikely to be available with the first devices that go on sale.
The Enjoy 10 isn’t as thin and light as the iPad 2, and a spec sheet shows the new tablets have no 3G option — only Bluetooth and Wi-Fi. It’s also behind the iPad in other areas such as memory and storage. But the Enjoy 10′s $299 price tag makes it considerably cheaper than Apple’s tablet, which starts at $499 for the Wi-Fi-only model.
Intel Developing Thunderbolt Technology
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A new interconnect technology being developed by Intel could be ready for market by 2015 and will be able to move data between computers at up to five times the speed of its recently launched Thunderbolt technology, an Intel researcher said earlier this week.
The new technology uses silicon photonics, which combines silicon components with optical networking, to transfer data at up to 50 gigabits per second over distances of up to 100 meters, said Jeff Demain, strategy director of circuits and system research at Intel Labs, at a company event in New York.
Intel expects the technology to be ready for use in PCs, tablets, smartphones, televisions and other products by 2015, Demain said. As well as being faster than today’s interconnect technologies, it’s expected to lower costs because the components will be built using existing silicon manufacturing processes.
The technology could possibly be used in TVs and set-top boxes to carry video streams at much higher definition than those available today. Image resolution is likely to quadruple by the middle of the decade, when successors to 1080p have arrived, and that will mean more data has to be pushed to the TV.
It should also enable faster data transfers between smartphones, tablets, PCs and peripherals such as external storage drives.
The technology still has a way to go, but Intel showed its progress at the event in New York Wednesday. It showed what it said were working prototypes of the silicon chips used to transmit and receive the laser signals.
NY To Investigate AT&T’s T-Mobile Acquisition
March 30, 2011 by admin
Filed under Smartphones
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The state of New York has indicated that it will investigate AT&T’s proposed take over of T-Mobile USA for anti-competitive effects, including possible increases in mobile broadband costs for New York residents and businesses, Attorney General Eric Schneiderman said.
New York is the first state that has committed itself to probing the $39 billion deal, which was announced on March 20 but is expected to take 12 months to close. At their current sizes, the combined telecom companies would have 130 million subscribers, dwarfing the next-biggest operator, Verizon Wireless, with 93 million. In a press release on Tuesday, the attorney general’s office raised the possibility of Verizon responding with an acquisition of Sprint Nextel, which has about 58 million subscribers.
“The proposed merger could start a process of consolidation that would lead to two firms -AT&T and Verizon – controlling nearly 80% of wireless subscribers nationwide,” Schneiderman stated.
Schneiderman said mobile service has changed from a luxury to a basic necessity and T-Mobile currently is a low-cost option for many New York residents. People in some areas, including Albany, Rochester, Buffalo and Syracuse, already have limited wireless choices, he said.
Is Motorola Building Its Own Mobile OS?
March 26, 2011 by admin
Filed under Smartphones
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Motorola Mobility has snagged a number of experienced mobile and Web engineers from Apple and Adobe and is developing a Web-based mobile operating system as a potential alternative to Google’s Android software, according to a source familiar with the matter.
Asked to comment, Motorola did not refute the existence of the project but continues to affirm its interest in Android. “Motorola Mobility is committed to Android as an operating system,” a company spokesperson stated.
Jonathan Goldberg, an analyst with Deutsche Bank in San Francisco, said that he too had heard Motorola was at work on its own operating system. “I know they’re working on it,” “I think the company recognizes that they need to differentiate and they need options, just in case. Nobody wants to rely on a single supplier.”
Dell To Unleash Microservers
Dell is apparently in the process to debut two new microservers that are equipped with low-power consumption efficient processors from AMD and Intel.Representatives from Dell stated that the PowerEdge C5125 and C5220 were built for businesses that want to set up cloud computing infrastructures. Dell’s Barton George wrote in his blog that the C5125 will utilize AMD processors and will ship next month and the C5220 which will have an Intel processor will ship in May. The PowerEdge eco-friendly servers will have a dense 3U infrastructure that has 12 one-socket servers that can be used for running one application. These types of servers use four times less rack space and cabling which makes data centers more efficient.