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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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On the frontline of the fight against cybercrime

Category : Business

Symantec’s Dublin hub, with 800 workers including 60 in its security division, plays a key part in global computer security

Inside the tightly controlled security area of Symantec’s Dublin headquarters, a screen on the wall flashes up hacking hotspots as they are detected around the world. Last year the company estimated it blocked nearly 250,000 cyber-attacks. One out of every 532 websites was infected with viruses, it said, and 1.6 million instances of malware were detected.

Overall, cyber-attacks were up 42% in 2012. They range from “hacktivist” targeting of industries such as defence to the fast-growing area of “ransomware” blackmail attempts, but more than a third of attacks focused on small- to medium-size businesses employing fewer than 500 people.

Orla Cox, the senior manager of security response at Symantec’s office in north-west Dublin, said hackers – including criminal gangs, individuals and even states – regarded smaller enterprises as “stepping stones” to enable them to attack larger corporations.

In a briefing last week, Cox also said Twitter was perceived as a weak link. Last month Syrian hackers claimed responsibility for a bogus tweet from an Associated Press account that sent stock markets into temporary freefall. “The security of Twitter is not strong and Twitter is going to have to do something about that,” Cox said.

Symantec’s Dublin hub, with 800 workers including 60 in its security division, plays a key part in global computer security because in terms of timezones it lies between the company’s two other main operations, in California and Tokyo.

The Irish office was the first to detect the Stuxnet virus, which has caused severe damage to the Iranian nuclear programme in Natanz. The virus, which entered the country’s nuclear industry system via computers sold to Iran from Europe, caused centrifuges used in uranium enrichment to spin out of control. Symantec is reluctant to state its view on the origin of the highly sophisticated virus but most security analysts believe Israel was behind it.

Cox said Stuxnet was probably not the end of it. She predicted those behind the virus were probably developing a new “son of Stuxnet” in the campaign to sabotage Iranian nuclear efforts.

Ransomware has become a bigger challenge in the last 12 months, according to Symantec. The company has identified 16 cybercrime gangs using ransomware, which in the space of 18 days in 2012 alone infected 500,000 computers.

“It works by shutting down your computer with a virus and then sending out a bogus warning that a user has been looking at something illegal,” Cox said. “They tell the user they can only get the computer back running if they pay a ransom, in some cases of $100, usually by buying a moneypack voucher and then sending the code transferring the amount to the gang. If the user for instance has been browsing a porn site they are going to believe the warning and pay up.

Such scams netted the 16 gangs about $5m in 2012, she said. In many cases paying through an anonymous money transfer system did not necessarily ensure an infected computer was unlocked, the company pointed out. In some cases ransomware can capture images of the targeted user via webcam, which is displayed when a computer screen is frozen to intimidate the victim.

Cox said there were now online toolkits hackers could buy on the internet to enable them to break into bank accounts. She said hacking into the financial system and online banking theft was mainly the work of gangs from Russia, Ukraine and other former Soviet states.

Symantec also expressed concern about teenagers and young adults being targeted on Twitter, Facebook and other social networks because they were less guarded about their personal data and in particular their usernames and passwords. The company said the intersection of smartphones and social media would become an important security battleground.

Cox said Symantec believed Apple products were less prone to attack, with iPhones for instance being safer because they are “completely locked down”. However, she said Apple Macs are “not impervious” to hacking.

In the last weekend of April the Guardian also came under a cyber-attack from Syrian hackers who have targeted a series of western media organisations in an apparent effort to cause disruption and spread support for Bashar al-Assad’s dictatorship. The Syrian Electronic Army (SEA) claimed responsibility for the Twitter-based attack, having previously also targeted the BBC, France 24 TV, and National Public Radio in the United States.

Cyber-attacks believed to emanate from North Korea have recently caused disruption to media organisations in South Korea.

Destiny Media Technologies, Inc. (DSNY: OTCQX U.S.) | Destiny Media Releases New iPhone Music App

Category : Stocks, World News

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Destiny Media Releases New iPhone Music App

PR Newswire

VANCOUVER, April 26, 2013

VANCOUVER, April 26, 2013 /PRNewswire/ – Destiny Media Technologies (TSXV: DSY)
(OTCQX: DSNY) is pleased to announce the release of an all new Play

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Bitcoin hits new high before losing $160 in value in one day

Category : Business

The digital currency spikes at $266 before plunging to $105 on Wednesday in wild ride possibly linked to Reddit user

Bitcoin, the digital currency, lost more than $160 (£104) in value on Wednesday, just hours after hitting a record high.

The currency hit a new high of $266 before falling to $105 and then bouncing back to $130. The fall is unlikely to put off speculators. Two months ago, a Bitcoin was worth $20.

With Europe racked by economic uncertainty following the banking crisis in Cyprus, there have been fears that a “bubble” is being created with speculators piling into the four-year-old digital currency. But Bitcoin has crashed before only to bounce back. It hit a low of $7 in August 2011 after hitting a high of $32 two months earlier.

Jon Matonis of the Bitcoin Foundation, the currency’s promoter, denied a euro-bubble was being created in an interview with Der Spiegel this week.

“Most transactions are still coming from affluent regions, like the United States and northern Europe. What we are seeing is not a Cyprus bubble,” he said.

Until recently Bitcoin had been a largely obscure currency used by the tech-savvy, libertarians wishing to thumb their noses at central bankers and people involved in more nefarious activities such as online gambling (often illegal in the US) or drug deals.

There are around 11m Bitcoins in circulation, 25 new bitcoins are produced every 10 minutes, and they are traded through online exchanges like Mt.Gox.

Dealing in the currency is volatile as has been the history of the services that allow people to trade in Bitcoins. Mt.Gox has been subject to repeated hacking attacks. Instawallet, a popular service for storing Bitcoins, had to be suspended after it was hacked.

Many financial experts have warned against Bitcoin. Veteran UBS stockbroker Art Cashin has compared the interest in Bitcoin to the tulip mania that led many to financial ruin in the 17th century. But interest in the currency has shot up as the euro has become ever more embattled. The value of a Bitcoin passed the $200 mark for the first time on Tuesday.

Wednesday’s wild ride came as someone gave away thousands of dollars worth of Bitcoins on Reddit, the social news site. News blog Business Insider calculated a Reddit user under the name “Bitcoinbillionaire” had given away $13,627.69896 worth of Bitcoins to Reddit users over the day. The mystery donor signed off with a quote from Ron Paul, libertarian politician and one-time would-be presidential candidate: “It’s no coincidence that the century of total war coincided with the century of central banking.”

Cupid refutes ‘fake profiles’ charge

Category : Business

Online dating company Cupid plc denies allegations of creating fake user profiles and sees its share price recover strongly on Monday.

Read the original: Cupid refutes ‘fake profiles’ charge

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Intergraph(R) CAESAR II(R) and PV Elite(R) Enhancing Knowledge and Productivity for Ford, Bacon & Davis Engineers

Category : Stocks

HOUSTON, TX–(Marketwire – Feb 26, 2013) – Intergraph has published a new case study on how CAESAR II and PV Elite are helping Ford, Bacon & Davis LLC perform fast and accurate stress analyses of piping, vessels, and related equipment to ensure that its clients’ facilities are designed to code, avoiding potentially costly errors, delays, and risks during construction and operation. The case discusses how the ease-of-use and built-in intelligence of CAESAR II and PV Elite are helping the Ford, Bacon & Davis entry-level and even more experienced stress engineers develop the knowledge and experience they need for their jobs, enhancing productivity for the firm and its clients and other stakeholders. It also describes how the software’s user-friendly output format, color-coded stress visuals, and animated models provide a visual representation of all of the stresses, making it easier for a non-technical client to quickly see the importance of designing to code. This speeds up the reviews and client approvals significantly.

See original here: Intergraph(R) CAESAR II(R) and PV Elite(R) Enhancing Knowledge and Productivity for Ford, Bacon & Davis Engineers

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DND Technologies, Inc. (DNDT: OTC Link) | DND Technologies has Announced that its Wholly-Owned Subsidiary, Cinturi, has Reached Agreement to Launch a Mobile Supermarket Shopping Platform in Brazil

Category : Stocks

DND Technologies, a diversified holding
company that acquires, invests in, and partners with next

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Verimatrix to Secure Com Hem Advanced Multi-Screen Services With Hybrid VCAS(TM) Security

Category : World News

Verimatrix Multi-Network Solutions and TiVo’s Advanced Television Solutions Create State-of-the-Art User Experience

See the original post here: Verimatrix to Secure Com Hem Advanced Multi-Screen Services With Hybrid VCAS(TM) Security

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Facebook launches Graph Search to aid users and take on Google

Category : Business

Mark Zuckerberg says search feature which will eventually index all information on site is ‘just some really neat stuff’

Facebook has unveiled a new feature to allow users to sift through pictures, posts and messages in a way that the company’s founder and chief executive, Mark Zuckerberg, claimed could transform how people use the social network.

Unveiling the tool, Graph Search, at its first major product launch since the company’s IPO last May, Zuckerberg described it as the site’s “third pillar”, after Timeline and News Feed.

“Graph Search is a completely new way for people to get information on Facebook,” he told a packed press conference at the company’s headquarters in Menlo Park on Tuesday.

The function will initially let users search four categories – people, places, photos, interests – and gradually expand to cover all content, Zuckerberg said.

“Graph Search is a really big project. Eventually… we want to index all the posts and all of the content on Facebook. I thought it couldn’t be done. This is just some really neat stuff. This is one of the coolest things we’ve done in a while.”

A limited rollout began immediately, with Zuckerberg stressing that Graph Search is a “beta” product which will expand slowly and be built on over the coming years, evolving in response to how people used it.

“Graph Search is designed to take a precise query and return to you the answer,” he said, “not links to other places that might take you to the answer.”

Lars Rasmussen, a former Google executive who is now one of Facebook’s top engineers, cited as an example a search for a spicy meal in San Francisco. A search for “restaurants liked by my friends from India” revealed a long list. Narrowing that to “Indian restaurants liked by my friends from India” yielded another list. Then he searched for restaurants in San Francisco liked by Culinary Institute of America graduates.

In cases where Graph Search comes up blank – which is likely to be a frequent occurrence in its infancy – the service defaults to the web search engine Bing, which is run by Google’s rival Microsoft.

Industry analysts have long waited for Facebook to develop new ways to tap its lucrative mountains of data. Its stock rose last week, in anticipation that the announcement would involve a search engine. Zuckerberg said talks with Google over a possible collaboration had broken down over Facebook’s insistence on greater privacy protection. He said the new service would not reveal additional information but instead collate and organise in new ways information to which users already had access.

He and fellow executives showed, however, how users could find a wealth of previously overlooked photos and posts and “likes”.

“I want to invite friends over for Game of Thrones,” he said, “but who among my friends likes Games of Thrones? Graph Search tells me.”

Graph Search also enables the user to search, for instance, for “photos of my friends taken in national parks” or “photos of my friends taken before 1990″. The latter revealed a gallery of Facebook employees as babies, prompting guffaws from assembled staff.

Tom Stocky, another Google import, showed what appeared to be a market researchers’ dream tool: the new feature allows users to ask, for instance, what TV shows are most liked by doctors (Grey’s Anatomy, House, The Doctors), or software engineers (Big Bang Theory).

A search for music liked by those who like Mitt Romney revealed Johnny Cash. Obama-likers liked Michael Jackson.

The tool could help Facebook wean users away from Google, Linked-in and dating sites, but Zuckerberg said the priority for now was improving existing customers’ experience, with business applications to be considered later. There is no timetable for when Graph Search will be available on mobile.

“This is a really big project,” Zuckerberg said. “It will take years and years to map the whole index of the graph.”

His downplaying of immediate revenue sources dented markets’ exuberance: shares dippled 1.5% to $30.46 immediately following the announcement.

Brian Blau, who tracks social media for the tech research firm Gartner, said the service offered a brand new way for users to experience Facebook. Confined to Facebook’s eco-system, the service was not an immediate threat to Google but would gradually increase in importance, he said. “In the future, you know Facebook will figure out how to monetize this. It’s going to change the way people think about search.”

The respected news site TechCrunch gave Graph Search a thumbs-up and said investors who considered the announcement an anti-climax – prompting a dip in Facebook’s share price – had missed the point.

“What’s interesting is that Facebook does not shy away from introducing radical changes to its products,” the site said. “As always, it focuses on what’s best for the user and will stand behind an innovation if it believes that it will improve the user experience.”

Investors, in contrast, liked conservative choices, security and stability, said TechCrunch. “That’s why they should adapt to Facebook’s way of doing things if they want to understand the company’s long-term perspective, because Graph Search is clearly an important move for Facebook.”

Google’s future on the line as antitrust regulators meet

Category : Business

Europe and US regulators to deliberate on whether to take the company to court over its dominance of internet search

The antitrust regulators for Europe and the US, Joaquín Almunia and Jonathan Leibowitz, will meet on Monday for a discussion that could be crucial for Google’s future as they deliberate on whether to settle with the technology company or take it to court over its dominance of internet search.

Both the European Commission and the Federal Trade Commission (FTC) have been investigating Google for more than 18 months as they try to decide what action to take over its apparent monopoly in search and search-related advertising on opposite sides of the Atlantic.

Almunia and Leibowitz are understood to be close to separate decisions on what action to take – though some think the EC is ready to be more aggressive than the FTC, which has come under political pressure in the US to go easy on what rivals to Google say are market distortions.

If both regulators act against it, Google would almost certainly be forced to yield to demands to modify how it shows search results so that it does not favour its own services over rivals’.

The FTC confirmed that Leibowitz is in Europe but declined to give any details of his meetings or agenda.

Google has been criticised by competitors, including Microsoft, over its use of its dominance in search to push its own services such as Google Shopping over competing services in search results. Google has said that it is responding to user demand, and that rivals are just a click away.

In October Google suggested to Almunia that it could label its in-house search results, such as maps, stock prices and videos, to make clear that it had chosen them. But the EC appears not to have accepted that.

A key difference between the two regulators is the scale of Google’s position in their relative markets. In Europe, Google gets about 90% of search queries; in the US, it is 65%.

Almunia has made a number of speeches since the summer criticising Google for slow movement in negotiations that opened in July, after the EC published a list of four areas where it felt Google’s dominance could amount to an abuse of monopoly. Besides search results, they include the use of other sites’ content in short search results, portability of advertising campaigns, and rivals’ ability to advertise alongside Google on outside pages.

In September Almunia warned Google publicly that “in the absence of satisfactory proposals [from Google] in the short term, I will be obliged to continue with our formal proceedings.”

That could mean a move to court proceedings which might end with Google being fined up to 10% of its worldwide revenues, which for 2011 would amount to €2.9bn (£2.3bn).

The FTC, though, has looked less certain. FTC staff recommended to the five commissioners led by Leibowitz that the agency should act against Google, and force some sort of change in its representation of search. The commissioners have to decide by a majority what action to take. In recent days sources from the FTC have suggested that it will reach a settlement with Google that would effectively bind it to specific behaviour.

The FTC has previously reached settlements with Google over privacy, following the calamitous launch of its Buzz network – which let other people see users’ contacts – and then when Google worked around privacy protections on Apple’s Safari browser to plant cookies on web users’ systems against their wishes. A fine of $25m for the latter was recently upheld by a judge in the US, though consumer advocates had been saying it should be higher. Google had accepted the fine but did not concede that it had broken the law.

Accredited Transcription Corp. Acquires 100% of Patent for Off-Site Transcription Service

Category : Stocks

PHILADELPHIA, PA–(Marketwire – Oct 3, 2012) – Accredited Transcription Corp. previously acquired 66.6% ownership of United States Patent 6,298,328. Today, ATC announced that it acquired the remaining 33.4% of the patent. The invention consists of an off-site transcription system whereby the user speaks and the voice is transmitted to an off-site data site and converted into text.

The rest is here: Accredited Transcription Corp. Acquires 100% of Patent for Off-Site Transcription Service

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