Ex-DBS Trader Gets Jail in Singapore's First Spoofing Case
A former trader at DBS Group Holdings Ltd.’s brokerage
unit was sentenced to 16 weeks in jail after being convicted in Singapore’s first
criminal spoofing case.
Dennis Tey Thean Yang, 33, was given the sentence on
Wednesday. The former DBS Vickers
Securities (Singapore) Pte broker had pleaded guilty to eight of 23 charges,
including attempts to artificially move prices through fraudulent securities
orders and misusing other people’s trading accounts without consent. He made a profit of S$30,239 ($21,572) from
October 2012 to January 2013.
Has there been a breach? Has anyone notified account holders?
Joseph Cox reports:
A hacker or group of hackers is
apparently trying to extort Apple over alleged access to a large cache of
iCloud and other Apple email accounts.
The hackers, who identified
themselves as ‘Turkish Crime Family’, demanded $75,000 in Bitcoin or Ethereum,
another increasingly popular crypto-currency, or $100,000 worth of iTunes gift
cards in exchange for deleting the alleged cache of data.
Read more on Motherboard.
A different type of extortion?
https://www.wsj.com/articles/microsoft-modifies-windows-10-for-chinas-government-1490097182?mod=e2tw
Microsoft Modifies Windows 10 for China’s Government
BEIJING—Microsoft Corp. has finished development of a
Windows 10 version customized for Chinese government use, which could boost its
China prospects after sales were hit by Beijing’s cybersecurity crackdown.
Microsoft declined to say how the software was modified,
but in general China’s government is concerned about technology products that
could contain hidden “back doors” to enable foreign surveillance.
Give a man a fish and you feed him for a day. Teach a man to phish and he can retire in
luxury!
Joon H. Kim, the Acting United States Attorney for the
Southern District of New York, and William F. Sweeney Jr., the Assistant
Director-in-Charge of the New York Office of the Federal Bureau of
Investigation (“FBI”), announced criminal charges against EVALDAS RIMASAUSKAS
for orchestrating a fraudulent business email compromise scheme that induced
two U.S.-based internet companies (the “Victim Companies”) to wire a total of
over $100 million to bank accounts controlled by RIMASAUSKAS. RIMASAUSKAS was arrested late last week by
authorities in Lithuania on the basis of a provisional arrest warrant.
… Acting U.S.
Attorney Joon H. Kim said: “From half a world away, Evaldas Rimasauskas
allegedly targeted multinational internet companies and tricked their agents
and employees into wiring over $100 million to overseas bank accounts under his
control. This case should serve as a
wake-up call to all companies – even the most sophisticated – that they too can
be victims of phishing attacks by cyber criminals
Fragile. Something
my Computer Security students will have to address.
Glitch at NYSE Arca hits hundreds of exchange traded funds
A technical problem at NYSE Arca, the Big Board’s listing
venue for exchange traded funds, stymied the end of the trading day on Monday,
hindering the closing auction for 341 securities, NYSE said on Tuesday.
In a letter to clients on Tuesday, NYSE attributed the
problem to a new version of software. Trading on the exchange has recommenced
normally.
… The latest
glitch in the US market plumbing highlights how reliant trading has become on
technology, forcing traders and investors to adapt to periodic technical
problems.
“Badges? Warrants?
We don’t need no stinking badges! Warrants!”
Border agents must obtain a warrant to search travelers’
phones, tablets, and laptops, which contain a vast trove of sensitive, highly
personal information that is protected by the Fourth Amendment, the Electronic
Frontier Foundation (EFF) told a
federal appeals court yesterday.
Searches of devices at the border have more than doubled since the inauguration of President
Trump—from nearly 25,000 in all of 2016, to 5,000 in February alone.
This increase, along with the increasing
number of people who carry these devices when they travel, has heightened
awareness of the need for stronger privacy rights while crossing the U.S.
border.
While the Fourth
Amendment ordinarily requires law enforcement officials to get a warrant
supported by probable cause before searching our property, in cases that
predate the rise of digital devices, courts granted border agents the power to search our
luggage without a warrant or any suspicion of wrongdoing.
But portable digital
devices differ wildly from luggage
or other physical items we carry with us to the airport because they provide
access to the entirety of our private lives, EFF said in an amicus brieffiled at the U.S. Court of Appeals for the
Fourth Circuit in the border search case U.S. v. Kolsuz.
… “The border
isn’t a constitution-free zone,” said Adam Schwartz, EFF senior staff attorney.
For the brief: https://www.eff.org/document/us-v-kolsuz-eff-amicus-brief
For EFF’s new border
guide: https://www.eff.org/wp/digital-privacy-us-border-2017
For EFF’s new border
pocket guide: https://www.eff.org/document/eff-border-search-pocket-guide
For my Computer Forensics students. Obvious, wasn’t it?
iCloud may have doxxed a journalist’s Twitter attacker
In theory, it was the perfect setup: an anonymous Twitter
account on a prepaid SIM card, bought with cash. With no credit card or other identifiable info
tied to the account, there should have been no way to trace tweets back to a
human.
But on Friday, after taking all those
precautions, a man named John Rivello was arrested for sending seizure-inducing
tweets to Newsweek journalist Kurt Eichenwald. The arrest came three months and a day after
the initial incident, and a
newly unsealed complaint reveals how police tracked the man down.
First, police sent a court order to Twitter,
which agreed
to hand over all its data on @jew_goldstein, the account that had sent the
seizure-inducing image. But that data
showed only a dummy email address, along with an IP address and phone numbers
linking to a prepaid Tracfone. But since
Tracfone didn’t have any subscriber information associated with the number,
police were left with few leads.
The break came thanks to AT&T, which was supporting
Tracfone’s SIM card. While AT&T
didn’t have any directly identifying data, the company’s toll records showed
that the SIM card had been used by an iPhone 6. That sent investigators looking for an iCloud
account linked to the same number. After
another search warrant to Apple, they got what they were looking for. According
to the complaint, the number was linked to a five-year-old iCloud account owned
by John Rivello of Salisbury, Maryland. A
search of iMessages and photos in the account provided further evidence of
Rivello’s interest in Eichenwald.
Is this a Trade Secret?
Matthew Renda reports:
A federal judge refused to
sign off on a settlement between a class of email users and Google, sending the
parties back to the drawing board to come up with a more detailed disclosure of
how Google intercepts and uses emails for targeted advertising.
U.S. District Judge Lucy Koh
issued the order Thursday, saying the
class did not demand enough concessions from the tech giant its
practice of scanning incoming and outgoing emails for information that it uses
for targeted advertising.
Specifically, Koh wanted to see disclosures hosted on a website or
somehow publicly disseminated that clearly spell out how Google intercepts,
scans and uses the information from non-Gmail users.
Read more on Courthouse
News.
“Fake News” in real time!
Why wait for Journalist to publish the facts? Is this not a taste of things to come?
What Happens When the President Is a Publisher, Too?
… on Twitter, it’s
possible to be sitting in a room full of your colleagues, surreptitiously
scrolling on your mobile phone, and notice that, hey, whaddya know, President
Donald Trump is tweeting again.
At a House Intelligence Committee hearing on Monday, Jim
Himes decided to share some of those tweets with the
men who were there being questioned—the FBI director James Comey and the NSA
director Mike Rogers—along with the rest of the room, and the public.
Everyone Tweets, not just the President.
Twitter Suspends More Accounts Linked to 'Terrorism'
Twitter said Tuesday it suspended 376,890 accounts in the
second half of 2016 for "promotion of terrorism," an increase of 60
percent over the prior six-month period.
The latest suspensions bring the total number of blocked
accounts to 636,248 from August 2015, when Twitter stepped up efforts to curb
"violent extremism," the company announced as part of its latest
transparency report.
But, is it good for golf?
Costco vs. Acushnet: Who has the upper hand?
The burgeoning legal battle between Costco and Acushnet
over the cult favorite Kirkland Signature ball is sounding more and more like a
game of courthouse chicken.
But that can be an expensive game, with
occasionally terminal consequences.
In layman’s terms, Costco’s suit for
what’s called a declaratory judgment against Acushnet is essentially a
preemptive strike, a lawsuit aiming to prevent a lawsuit. In actuality, it’s probably not going to work
that way.
Disruption. Back in
the day, small town grocery stores employed teens or (in my home town) the
village idiot to deliver groceries. Are
we returning to that time but now using ‘delivery services’ or robots?
Soon, You’ll Be Able to Get Costco Groceries Delivered in 50
Different Cities
Costco Wholesale is ramping up its home grocery delivery in
a major way.
The bulk retailer is teaming up with
Shipt, a startup delivery service, to make runs to Costco stores and bring
orders back to customers' homes, moving further into one of most complex and
costly fronts in the e-commerce wars while also building on Costco's delivery
to business clients.
… Grocers are
scrambling to find ways to offer home delivery as a way to win customers,
despite a threat to already razor-thin margins. Delivery services like Instacart (which is doing a test with Costco), AmazonFresh, Google Express, and FreshDirect have proliferated, while
some major chains like Kroger and Walmart have teamed up with services like Uber and Lyft on
a test basis. Costco rival Sam's Club
has focused its efforts on ramping up drive-by pick up at its stores.
Disruption. Firing
the Marketing team is probably a good thing.
Meet Tinyclues Action™, the Revolutionary AI That Enables
Marketers to Put Their Ideas into Action
… Put very simply,
Tinyclues Action™ does three things very smartly. Firstly, it predicts ANY customer’s likelihood
to buy ANY item (or brand, or category) in the next few days, even in the absence of a prior intent. This deep targeting capability outshines
intent-driven rules (which rely on retargeting customers based on their past
behavior and become ineffective after a few interactions.) Secondly, it gives instant feedback on the
right volume or pressure to put behind a campaign. And thirdly, it offers intelligent planning
capabilities which enable marketers to build a comprehensive marketing agenda
over the next days and weeks, activating customers on all channels (email,
mobile, social – even print), while making sure that everyone receives the best
messages and that the overall plan is balanced and consistent. In other words, it combines intelligent
targeting, intelligent pressure management and intelligent planning.
For more information, visit http://www.tinyclues.com.
Yet another Disruption!
How Facebook’s Big Bet on Video Could Change TV
Facebook is aggressively ramping up its video strategy, cultivating
content whether it comes from users, advertisers or Hollywood, or is developed
internally. With its nearly two billion
monthly users, the social network could make a big dent in traditional TV and
help usher in a major shift towards social TV, Wharton experts say.
… CEO Mark
Zuckerberg is also tipping his hat to a fast-growing trend: Digital video viewing
is exploding. According to Cisco
Systems, video accounted for 60% of mobile data traffic in 2016 and should rise to 78%
by 2021.
No more “Did too!
Did not!”
… We’ve shared how web resources can help you stay updated on politics. Another great site that can help you make
political decisions is VoteSmart.
This completely bipartisan site holds a
wealth of information for over 40,000 US politicians, both local and federal.
Type in your ZIP code or a politician’s name and you can
check out their biography, recent votes, and positions on various issues. Rounding out their data set are ratings from
various activist groups and recent speeches. You can also review their funding information,
including top donors.
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