Jon Marino reports:
A big Wall Street technology firm
is being sued after allegedly falling for a run-of-the-mill email scam and
wiring client funds to hackers.
SS&C Technologies, a $6 billion market
capitalization company that bills itself as “the most comprehensive powerhouse
of software technology in the financial services industry,” was duped by
China-based hackers who sent sloppy emails to company staffers in order to
trick them into releasing client money, according to a complaint.
Read more on CNBC.
[From the
article:
The complaint from Tillage, a commodities investor,
alleges SS&C Technologies, its fund administrator, ignored its own protocol, resulting in the lost funds.
Is there is a huge penalty for screwing up disclosure? No.
But there should be.
Discussing an incident disclosed
by Troy Hunt this week, Jeremy Kirk reports:
The handling of a recent data
breach – the details of which are still unfolding – by Oakland, Calif.-based
web services company Regpack provides a look into how the
discovery and disclosure of a breach can turn into a real train wreck.
Read Jeremy’s article on BankInfoSecurity.
Ask them when they actually cracked the phone. I’m guessing it was much earlier than they
admit.
FBI faces lawsuit for silence on iPhone 5c hack
The FBI’s refusal to reveal how it accessed an iPhone 5c
from a San Bernardino mass shooter will face scrutiny in court. USA Today’s parent company and two other news
groups have filed a lawsuit against the agency, demanding it turn over the
details.
The lack of details prompted USA Today to submit a Freedom
of Information Act request to the FBI, regarding the costs paid to the
third-party contractor. But in June, the
FBI denied the request, claiming that the disclosure could interfere with law
enforcement.
The agency denied similar FOIA requests from the
Associated Press and Vice Media. However,
on Friday, the three news organizations filed a lawsuit, arguing the FBI had
“no lawful basis” to reject the FOIA requests.
The news companies claim the public is entitled to know
how much was spent to unlock the iPhone, and who the third-party contractor is.
… Friday’s lawsuit claims that the FBI effectively
sanctioned a party to retain potentially dangerous technology.
When Michael Porter talks, people should be listening.
Study – Political Dysfunction Makes America Less Competitive
by Sabrina
I. Pacifici on Sep 16, 2016
Dina Gerdeman – “The American economy is a mess, and our
broken political system is largely to blame, according to a Harvard Business
School US Competitiveness Project report released today. Harvard’s Michael E. Porter, Jan W. Rivkin,
and Mihir A. Desai say American economic performance peaked in the late 1990s
and since then has experienced a lingering period of weakness, with slower than
usual productivity growth, job growth, and investment growth. The report, Problems Unsolved and a Nation Divided:
The State of US Competitiveness in 2016, which contains an in-depth
analysis of the American economy and the results of surveys of global business
leaders and the general public, says the US is “failing the test of
competitiveness.”
Naturally this comes out right as my Data Management class
ends. Oh well, there are always more
students to torture.
Accurately measuring enterprise
value (EV) has never been more important or challenging. Even more so
because firms are confronted by growing volumes of data, and the stakes implied
in misinterpreting the value of that data have risen to new heights.
… For example, at
the end of its 2015 fiscal year, Apple’s balance sheet stated tangible assets
of $290 billion as a contribution to its annual revenues, with approximately $141 billion worth of intangible assets — a
combination of intellectual capital, brand equity, and (investor and
consumer) goodwill. Using the same
formula, Apple’s intangible assets in 2014 were $280 billion — or almost twice
the value of its 2015 calculation. By
its own estimation, Apple had lost 50% of its intangible value over the
previous 12 months, revealing the limits of using a simple intangible value
calculation.
Perspective. I did not see this coming.
Microsoft just edged out Facebook and proved that it's
changed in an important way
Since Satya Nadella took the CEO job at Microsoft in 2014,
the company's views towards open source have evolved.
Microsoft
has embraced open source, and even supports
the open source Linux operating system on its Microsoft Azure cloud
computing platform.
And if you didn't believe the love is real, GitHub — the so-called "Facebook for
programmers," and the hub of the open source world — released new stats today about which
companies have the most people contributing code to their open source projects.
And Microsoft weighs in at #1, with 16,419 contributors,
edging out Facebook with 15,682.
Death by Pokémon – a whole new statistical category?
Pokémon GO—A New Distraction for Drivers and Pedestrians
Pokémon GO, an augmented reality game, has swept the
nation. As players move, their avatar
moves within the game, and players are then rewarded for collecting Pokémon
placed in real-world locations. By
rewarding movement, the game incentivizes physical activity. However, if players use their cars to search
for Pokémon they negate any health benefit and incur serious risk.
Gee, they could have raised Trillions!
A Two-Mile Beer Pipeline Carries Belgium’s Lifeblood to Be
Bottled
… The turn of a
tap on Friday propelled the Belgian city into the future — and sent its
citizens to the bar — as dignitaries and drinkers celebrated a momentous
innovation: the world’s first beer pipeline.
… The project cost about 4 million euros, or
$4.5 million. But the brewery discovered an innovative way to raise the funds: promise
donors free beer for life.
Perspective. My
students have already cut the cable. Is
this the new ‘favorite’ source for all forms of entertainment?
More than two million people watched Twitter’s NFL stream on
Thursday night
… That was smaller
than the digital audience
Yahoo saw when it streamed an NFL game, also for free, last October (though
Yahoo autoplayed that game on its homepage and most of its properties,
including mail and Tumblr, so the comparison isn't clean at all). It’s also well below the 48.1
million who tuned in to watch the game on TV, according to Nielsen.
Here are more relevant numbers, if you really
want to compare Twitter’s reach vs. traditional TV: An average of 243,000
people were watching the game on Twitter at any given time, while CBS and the
NFL network, which simulcast the game, reached an average of 15.4 million.
Something for my international students?
English forums
Learn English on the world's largest community of English
teachers and students.
Something for those of us with skills? Worth reading the article.
… Steemit is a new
blockchain-based social media initiative that is challenging everything about
the way we communicate ideas on social media.
… Steemit wants to
change the dialogue around how content is created and shared online by paying
the content creators (people like you and me) for posts on the platform. Their theory is that decentralizing the
platform by paying content creators and curators rewards good
content — encouraging discussion and quality while keeping the focus and
direction of the platform within the control of the users.
Why I love Saturday.
Hack Education Weekly News
… Los
Angeles Mayor Eric Garcetti has reiterated
his promise for free community college tuition for
eligible high school graduates.
… Via
Education Week’s Market Brief: “Closely Watched Lawsuit Has Implications
for Open Ed. Resources Market.” Great
Minds is suing FedEx, contending that FedEx stores
are in violation of the Creative Commons non-commercial licensing
of its materials when they charge for
photocopies of Great Minds’ curriculum.
… Via
The New York Times: “As Amazon Arrives, the Campus
Bookstore Is a Books Store No More.”
… Inside
Higher Ed’s Carl Straumsheim looks at Indiana University’s
eText initiative, which he says is “rapidly becoming the go-to way for students
there to buy textbooks and other course materials.”
… UC San Francisco
says it plans to outsource its IT operations to India. But oh yes, kids, “everyone should learn to
code” for job security.
No comments:
Post a Comment