Is Apple In A Free Fall?

Apple shares are continuing to fall as more investors realise that the share price is not going to go up any more.

FTC Warns Google And FB

The Federal Trade Commission (FTC) has promised that her organisation will come down hard on companies that do not meet requirements for handling personal data.

FTC Chairwoman Edith Ramirez gave a keynote speech at the Technology Policy Institute at the Aspen Forum. She said that the FTC has a responsibility to protect consumers and prevent them from falling victim to unfair commercial practices.

“In the FTC’s actions against Google, Facebook, Myspace and others, we alleged that each of these companies deceived consumers by breaching commitments to keep their data confidential. That isn’t okay, and it is the FTC’s responsibility to make sure that companies live up to their commitments,” she said.

“All told, the FTC has brought over 40 data security cases under our unfairness and deception authority, many against very large data companies, including Lexisnexis, Choicepoint and Twitter, for failing to provide reasonable security safeguards.”

Ramirez spoke about the importance of consumer privacy, saying that there is too much “shrouding” of what happens in that area. She said that under her leadership the FTC will not be afraid of suing companies when it sees fit.

“A recurring theme I have emphasized – and one that runs through the agency’s privacy work – is the need to move commercial data practices into the sunlight. For too long, the way personal information is collected and used has been at best an enigma enshrouded in considerable smog. We need to clear the air,” she said.

Ramirez compared the work of the FTC to the work carried out by lifeguards, saying that it too has to be vigilant.

“Lifeguards have to be mindful not just of the people swimming, surfing, and playing in the sand. They also have to be alert to approaching storms, tidal patterns, and shifts in the ocean’s current. With consumer privacy, the FTC is doing just that – we are alert to the risks but confident that those risks can be managed,” she added.

“The FTC recognizes that the effective use of big data has the potential to unleash a new wave of productivity and growth. Like the lifeguard at the beach, though, the FTC will remain vigilant to ensure that while innovation pushes forward, consumer privacy is not engulfed by that wave.”

It’s all just lip service, of course. Companies might be nominally bound by US privacy laws in online commerce, and that might be overseen by the FTC, but the US National Security Agency (NSA) collects all internet traffic anyway, and makes data available to other US government agencies and even some private companies.

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DDoS Attacks Rising

One in five UK businesses experienced a DDoS attack last year according to a new survey.

Analytics firm Neustar said that while the percentage is significantly lower than that experienced by their US equivalents it is still fairly high. More than 22 percent of the 381 organisations participating in the annual trends study reported DDoS attacks, compared to 35 percent experiencing the same in a separate study carried out among US firms in 2012.

Neustar set out to measure revenue ‘risk per hour’ which is a measure of what it might cost a business in a particular sector to experience DdoS downtime. They found that the majority of organisations reckoned this at less than $1,500 per hour.

Most of the rest put it somewhere between $1,500 and $15,000 although one in four financial services firms put the number at $250,000 per hour. This cost included brand damage and unexpected customer service calls.

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China’s Supercomputer Uses Homegrown Chips

China has built its latest supercomputer based entirely on homegrown microprocessors, a major move towards breaking the country’s reliance on Western technology for high-performance computing.

China’s National Supercomputer Center in Jinan debuted the computer last Thursday, according to a report from the country’s state-run press. The supercomputer uses 8,704 “Shenwei 1600″ microprocessors, which were developed by a design center in Shanghai, called the National High Performance Integrated Circuit Design Center.

Details of the microprocessors and the design center were not immediately available.

The supercomputer has a theoretical peak speed of 1.07 petaflops (quadrillion floating-point calculations per second), and a sustained performance of 0.79 petaflops when measured with the Linpack benchmark. This could place it at number 13 in the world’s top 500 supercomputing list. Photos of the chips used and the supercomputer’s data center can be found here.

China’s Shandong Academy of Sciences built the computer. Officials of the academy could not be immediately reached for comment on Monday.

A report from The New York Times said the supercomputer’s name in English was the Sunway BlueLight MPP.

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China Denies Hack Attack

China has denied involvement in hacking US environment monitoring satellites.

Last week the US-China Economic and Security Review Commission released a draft report about several incidents where US satellites were interfered with in 2007 and 2008.

The Commission did not say that the attacks were traced back to China, but it did cite China’s military as a prime suspect, due to the similarity of the techniques used with “authoritative Chinese military writings” on disabling satellite control.

The hackers gained access to the satellites on at least four occasions through a ground station in Norway. The unauthorised access lasted for between two and 12 minutes. While the attacks did no real damage, they did demonstrate that it is possible to hijack satellites, which is a worrying realisation when military satellites are taken into consideration.

China has a bad reputation throughout the world for alleged cyber attacks, often being the first to blame when a major attack has been discovered. The US has not been the only target either, with alleged attacks against Canada and France having been reported earlier this year.

“[The US] has always been viewing China with colored lenses. This report is untrue and has ulterior motives. It’s not worth a comment,” said Hong Lei, a spokesperson for the Chinese Foreign Ministry, according to Reuters.

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Flaw in Intel’s 320 Series SSD Confirmed

There had been talk on the Internet in reference to the nasty bug discovered and reported on Intel’s support forums regarding the data loss on its recently released 320-series SSDs and today, Intel has finally and officially confirmed it.

The users have mentioned that under power failures, the drive reverts back to 8MB capacity and thus looses all the data stored on the drive. According to preliminary reports the drive tries to reconnect with the SATA port rather than to go for a proper shutdown.

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Chinese Government Questioned About Cyber-attack

The U.S. State Department questioned the Chinese government regarding an attack that had temporarily shut down the website Change.org after the site hosted a petition urging Chinese authorities to release artist Ai Weiwei from custody.

U.S. deputy assistant secretary Daniel Baer raised concerns about the attack in April with China’s foreign ministry, according to an official letter sent from the State Department to U.S. Rep. Rosa DeLauro (D-Conn.). Change.org obtained a copy of the letter and released it Tuesday.

The nature of those talks is still somewhat vague. The U.S. Embassy in Beijing said it had no current information on the matter and deferred to the State Department. China’s foreign ministry has yet to respond to a request for comment.

Change.org, an online petitioning platform, was the victim of a distributed denial of service (DDoS) attack originating from China on April 17. The attacks nearly brought down the site for days.

DDoS attacks can do this by using hundreds or thousands of hacked computers to drive traffic to a website. The data will become so overwhelming that the site will become inaccessible to users.

Change.org said the DDoS attacks from China continue to bring down the site intermittently. The FBI is investigating the case, said Benjamin Joffe-Walt, an editor with Change.org.

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Is Intel Facing The Heat?

Analysts at Goldman Sachs are saying that chip maker Intel may be in a pickle as microprocessor shipments slow and it faces stiff competition. That said, analysts have advised stockholders to sell Intel as they downgraded the stock.

James Covello and Simon Schafer of GS said that there will be a surplus in chips due to plant expansion. Meanwhile the rest of the gang on Wall Street is forecasting a six percent year-over-year rise in Intel’s sales, amid expanding gross margins, Goldman says otherwise and that sales will be flat due to excess capacity.

Furthermore, Intel is expected to face problems dealing with better chips from their main rival AMD: while tablets are cannibalising notebooks with ARM kicking its tail in the mobile space.

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New Atom Architecture In The Making

Word on the street is that Intel is in the process of developing an entirely new Atom architecture based on its 3D transistor technology they announced last week.  This new architecture should enable more power efficiency on the chip.

The new processor is being called Silvermont and the Atom will encompass a system-on-chip design, similar to Intel’s Z760 Atom or ARM’s processors.  Silvermont is being designed on Intel’s 22nm process and harness the power of Intel’s 3D transistor technology that has yet to be tested.

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