Up to a dozen banks are reportedly investigating potential SWIFT breaches

More banks have reportedly launched investigations into potential security breaches on their networks after hackers stole US$81 million from the Bangladesh central bank earlier this year through rogue SWIFT transfers.Security firm FireEye, which was hired to investigate the Bangladesh bank attack, was also called in to look for possible compromises at up to 12 additional banks, Bloomberg reported Thursday, citing an unnamed source familiar with the investigations.Most of the banks are from Southeast Asia but include banks in the Philippines and New Zealand, Bloomberg reported.To read this article in full or to leave a comment, please click here

Worth Reading: Are NVMe fabrics in your future?

NVMeF promises both a huge gain in system performance and new ways to configure systems. To understand what this means, we have to separate NVMe from its current implementation that uses direct PCIe connects. The PCIe approach arose a few years back from the then top-tier persistent storage, the flash card, which had reached the limit of SCSI-based operations due to IO stack overhead and interrupt handling problems. —Network Computing

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Euro agencies on encryption backdoors: Create ‘decryption without weakening’

The two major international security agencies in Europe agree that building backdoors into encryption platforms is not the best way to secure systems because of the collateral damage it would do to privacy and the security of communications.“While this would give investigators lawful access in the event of serious crimes or terrorist threats, it would also increase the attack surface for malicious abuse, which, consequently, would have much wider implications for society,” says a joint statement by European Police Office (Europol) and European Network and Information Security Agency (ENISA), which focuses on cyber security.To read this article in full or to leave a comment, please click here

Euro agencies on encryption backdoors: Create ‘decryption without weakening’

The two major international security agencies in Europe agree that building backdoors into encryption platforms is not the best way to secure systems because of the collateral damage it would do to privacy and the security of communications.“While this would give investigators lawful access in the event of serious crimes or terrorist threats, it would also increase the attack surface for malicious abuse, which, consequently, would have much wider implications for society,” says a joint statement by European Police Office (Europol) and European Network and Information Security Agency (ENISA), which focuses on cyber security.To read this article in full or to leave a comment, please click here

Microsoft eats another $1B as phone strategy shrinks to enterprise-only

Microsoft's announcement yesterday that it would eat nearly $1 billion and lay off another 1,850 workers, three-quarters of them from its phone division, prompted analysts to call the company's consumer smartphone business dead, deceased, departed.They agreed that Microsoft's only remaining shot at phones is the enterprise, probably with a "Surface"-branded model that apes the Surface Pro as a design benchmark that struts Windows' capabilities."They've discarded consumer," said Patrick Moorhead, principal analyst at Moor Insights & Strategy, in an interview. "They just tossed out the Windows fan. It's now all about business."Moorhead and others based their opinions on statements made in mid-2015 by CEO Satya Nadella, who spelled out three markets for Microsoft's smartphones after he announced a retrenchment and a massive $7.6 billion write-off for the failed acquisition of Nokia under his predecessor, Steve Ballmer.To read this article in full or to leave a comment, please click here

IT wants (but struggles) to operationalize big data

Big data leaders at large companies are confident their big data strategies are headed in the right direction, but most also feel that they're struggling to operationalize them, according to a new survey."Big data is not going away. It's increasing in momentum. People are starting to understand the different types of use cases and move things from prototyping into production," says Stephen Baker, CEO of Attivio, a company that helps customers catalog and leverage all the data at their disposal. "But there are challenges for sure: Challenges in terms of hiring the right kinds of resources, challenges around organizationally changing the way people behave. There's this concept of Shadow BI."To read this article in full or to leave a comment, please click here

Google may publicly shame phone makers who deliver tardy Android updates: report says

Google may have finally had enough.According to a Bloomberg report, the company is thinking about turning to public shaming as a way to entice handset manufacturers to step up their Android updates. Google has apparently collected considerable data (something it’s very good at) regarding manufacturers and carriers’ update performance and shared this information with OEMs and carriers. A Sprint executive said he’d seen the details and had been feeling the pressure from Google to push things along.Even without access to this information, we can assure you it isn’t a pretty picture: only 7.5 percent of the current Android devices are running Marshmallow, which is the latest major version. This after about half a year on the market. Some are slower than others, while the wireless providers have also been known to hold things up for “carrier testing.” To read this article in full or to leave a comment, please click here

Startup CEO agrees to $560K settlement to make long list of fraud allegations go away

Bob Ambrogi, who writes a terrific blog about technology and the law, today has posted remarkable details of a lawsuit settlement involving the head of a legal startup and a couple who allege he scammed them out of hundreds of thousands of dollars through, among other means, falsely claiming to be a lawyer, forging legal documents, fabricating court cases and even conjuring up a non-existent judge. The executive, Derek Bluford – CEO of California Legal Pros and QuickLegal – says in the settlement document that he “does not admit that any of the allegations set forth in the complaint are true or valid.” Ambrogi made that point twice so I will, too. Bluford did agree to pay the plaintiffs, Changming Liu and Aimei Wei, $559,330. The couple had enlisted the services of Bluford and California Legal Pros in 2014 to help them evict a tenant.    To read this article in full or to leave a comment, please click here

IDG Contributor Network: All of our clocks are wrong

The gold-standard for time measurement—the 500 or so atomic clocks in use—might be on its way out. The clocks' days, if not their hours or seconds, are numbered.Optical clocks are a better way to measure time, say researchers who published their findings in Optica, the Optical Society's journal. The scientists say the optical technology is more accurate than the previous best-tech, which uses microwave frequency atomic oscillations.“Clocks work by counting a recurrent event with a known frequency, such as the swinging of a pendulum,” the society explains in a press release. Atomic clocks use the natural movement of a cesium atom.To read this article in full or to leave a comment, please click here

Why the Salesforce-Amazon cloud partnership is a big deal

This week SaaS giant Salesforce.com and IaaS behemoth Amazon Web Services codified a partnership that the two have been discussing for months.The move is a coup by Amazon in the public cloud market, particularly against Microsoft Azure, and could turn out to be a big kick in the pants to Oracle.+MORE AT NETWORK WORLD: Is Salesforce planning a post-Oracle future? +Salesforce and AWS actually have a long partnership that goes back years. In 2010 Salesforce.com bought an application development platform named Heroku, which was hosted in AWS and continues to be to this day. Salesforce could have chosen to bring Heroku’s underlying infrastructure in-house post acquisition, but it chose to keep its toe in AWS’s cloud through Heroku.To read this article in full or to leave a comment, please click here

Senators want warrant protections for US email stored overseas

A new bill in Congress would require U.S. law enforcement agencies to obtain court-ordered warrants before demanding the emails of the country's residents when they are stored overseas.The International Communications Privacy Act, introduced Wednesday by three senators, would close a loophole that allows law enforcement agencies to request emails and other electronic documents without warrants. Congress has been working since 2010 to rework the 1986 Electronic Communications Privacy Act (ECPA), a law that sets down rules for law enforcement access to electronic communications, but the focus has been on requiring warrants for emails and other communications stored in the cloud for longer than 180 days.To read this article in full or to leave a comment, please click here

Senators want warrant protections for US email stored overseas

A new bill in Congress would require U.S. law enforcement agencies to obtain court-ordered warrants before demanding the emails of the country's residents when they are stored overseas.The International Communications Privacy Act, introduced Wednesday by three senators, would close a loophole that allows law enforcement agencies to request emails and other electronic documents without warrants. Congress has been working since 2010 to rework the 1986 Electronic Communications Privacy Act (ECPA), a law that sets down rules for law enforcement access to electronic communications, but the focus has been on requiring warrants for emails and other communications stored in the cloud for longer than 180 days.To read this article in full or to leave a comment, please click here

Celebrity hacker Guccifer’s confession gives us all a lesson in security

The activity of Romanian hacker Guccifer, who has admitted to compromising almost 100 email and social media accounts belonging to U.S. government officials, politicians and other high-profile individuals, is the latest proof that humans are the weakest link in computer security.Marcel Lehel Lazar, 44, is not a hacker in the technical sense of the word. He's a social engineer: a clever and persistent individual with a lot of patience who a Romanian prosecutor once described as "the obsessive-compulsive type."By his own admission, Lazar has no programming skills. He didn't find vulnerabilities or write exploits. Instead, he's good at investigating, finding information online and making connections.To read this article in full or to leave a comment, please click here

Celebrity hacker Guccifer’s confession gives us all a lesson in security

The activity of Romanian hacker Guccifer, who has admitted to compromising almost 100 email and social media accounts belonging to U.S. government officials, politicians and other high-profile individuals, is the latest proof that humans are the weakest link in computer security.Marcel Lehel Lazar, 44, is not a hacker in the technical sense of the word. He's a social engineer: a clever and persistent individual with a lot of patience who a Romanian prosecutor once described as "the obsessive-compulsive type."By his own admission, Lazar has no programming skills. He didn't find vulnerabilities or write exploits. Instead, he's good at investigating, finding information online and making connections.To read this article in full or to leave a comment, please click here

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