http://abc7chicago.com/news/group-of-hackers-claims-responsibility-for-massive-cyber-attack/1568806/
Group of hackers claims responsibility for massive cyber
attack
On Friday, epic cyberattacks crippled a major internet
firm, repeatedly disrupting the availability of popular websites across the
United States. The hacker group claiming
responsibility says that the day's antics were just a dry run and that it has its sights set on a much bigger target.
… Members of a
shadowy hacker group that calls itself New World
Hackers claimed responsibility for the attack via Twitter, though
that claim could not be verified. They
said they organized networks of connected devices to create a massive botnet
that threw a monstrous 1.2 trillion bits of data every second at Dyn's servers.
Dyn officials wouldn't confirm the figure
during a conference call later Friday with reporters.
… Cottrell noted
that there are several firms that offer protection against DDoS attacks, by
giving companies a way to divert the bad traffic and remain online in case of
an attack. But monthly subscription fees for these services are generally equal to a
typical DDoS extortion payment, giving companies little incentive to
pay for them.
Meanwhile not much is required in the way of resources or
skill to mount a botnet attack, he said, adding that would-be attackers can
rent botnets for as little as $100. Cottrell
said the long-term solution lies in improving the security of all
internet-connected devices.
I wonder if my students will live-stream my lectures? What message is Facebook sending?
Facebook’s first Live Video ad campaign encourages you to
stream everyday life
Facebook is launching a large-scale ad campaign on the
streets of the United States and United Kingdom in a bid to get more
people to start streaming using its Live Video service.
(Related) Everyone else better try and catch up?
It looks like Instagram is testing live video on the beta
version of its app
Something for Denver?
(Boulder maybe.)
Two-wheel drive: China tech giants bet on 'Uber for bikes' in
hunt for next unicorn
China's tech industry giants are sloughing hundreds of
millions of dollars into what they're betting will be the country's next big
internet craze - 'Uber for bikes'.
A symbol of China's cities long before a boom in cars,
snarling traffic and smog, the humble bicycle is making a comeback. Start-ups equipped with smartphone apps, GPS
and scannable codes are selling cheap bike-sharing to city-dwellers as the way
to beat jams on China's most clogged streets.
… Riders
use smartphone apps to unlock and pay the cost of hire, and they are free to leave the bikes wherever their journey ends,
a feature ofo and MoBike say is a major plus over traditional rental services,
which require bikes to be returned to a parking station. MoBike's app also
allows users to see nearby vacant bikes
using a GPS tracking system.
Interesting times.
Economists never imagined negative interest rates — now
they're rewriting textbooks
If you’re a bank, the idea sounds crazy. Why pay someone to hold your cash?
In 1983, when Frederic Mishkin started writing "The
Economics of Money, Banking and Financial Markets," his seminal textbook
on macroeconomics, he never thought he'd devote much space to the idea of
negative interest rates.
"A million years no," Mishkin told Business
Insider.
… And as Mishkin
finishes the 12th edition of his textbook, he's devoting a whole lot of space
to negative interest rates.
"There's something very shocking about this,"
Mishkin said. "I have to talk about
how negative rates are something that can be very prevalent."
… the experiences
of the past few years suggest that central banks will need more room to
maneuver in future crises. That could
mean rates as low as -4 or -5%.
But that's nearly impossible when people could just keep
their money in cash and avoid the costs of depositing money. So, in Rogoff’s mind, in order for central
bankers to have the option to set significantly negative rates, we have to get
rid of cash — or at least big bills above, say, $10 or 10 euros. He writes about this in "The
Curse of Cash."
Y’all better start reading science fiction!
Amazon CEO Jeff Bezos Believes Outer Space Is The Next
Internet
For many, Space is the next frontier, but for Amazon CEO
Jeff Bezos, it's the next internet, and he and his company wants to be there to
see it happen. He views space as a place
that is lacking in infrastructure to support the vast amount of entrepreneurs the
Earth has to offer.
Bezos spoke at the Vanity Fair New Establishment Summit in
San Francisco. He talked about Blue
Origins, a rocket venture that falls under Amazon. It's primarily competing directly with SpaceX,
but it isn't being talked about on the same level.
The plan is to create the same type of infrastructure for
space that Amazon did for the internet back in 1995.
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