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Microsoft Goes Quantum Computing
Software giant Microsoft is focusing a lot of its R&D money on quantum computing.
Peter Lee, the corporate vice president of Microsoft Research said that Quantum computing is “stupendously exciting right now.”
Apparently it is Microsoft Research’s largest area of investment and Lee is pretty certain it is on the verge of some major scientific achievements.
“There’s just hope and optimism those scientific achievements will lead to practical outcomes. It’s hard to know when and where,” Lee said.
This is the first we have heard about Redmond’s quantum ambitions for a while. In 2014 the company revealed its “Station Q” group located on the University of California, Santa Barbara, campus, which has focused on quantum computing since its establishment a decade ago.
We sort of assumed that Microsoft would not get much work done on Quantum states because faced with a choice most cats would rather die in a box rather than listen to Steve Ballmer. But we guess with a more cat friendly CEO it is moving ahead.
Lee said that he has explained quantum computing research to Microsoft chief executive Satya Nadella by comparing it with speech processing. In that field, Microsoft researchers worked “so hard for a decade with no practical improvement,” he said. Then deep learning brought about considerable leaps forward in speech recognition and Microsoft was in on the ground floor.
“With quantum, we’ve made just gigantic advancements making semiconductor interfacing, allowing semiconductor materials to operate as though they were superconducting. What that means is the possibility of semiconductors that can operate at extremely high clock rates with very, very little or no heat dissipation. It’s just really spectacular.”
Courtesy-Fud
Web.com Latest Hacking Victim
Hackers gain unauthorized access to the computers of Internet services provider Web.com Group and stole credit card information of 93,000 customers.
According to a website set up by the company to share information about the incident, Web.com discovered the security breach on Aug. 13 as part of its ongoing security monitoring.
Attackers compromised credit card information for around 93,000 accounts, as well as the names and addresses associated with them. No other customer information like social security
numbers was affected, the company said.
According to the company, the verification codes for the exposed credit cards were not leaked. However, there are websites on the Internet that don’t require such codes for purchases.
Web.com has notified affected customers via email and will also follow up with letters sent through the U.S. Postal Service. Those users can sign up for a one-year free credit monitoring service.
The company did not specify how the intruders gained access to its systems, but has hired a “nationally recognized” IT security firm to conduct an investigation.
Web.com provides a variety of online services, including website and Facebook page design, e-commerce and marketing solutions, domain registration and Web hosting. The company claims to have over 3.3 million customers and owns two other well known Web services companies: Register.com and Network Solutions.
Register.com and Network Solutions customers were not impacted by this breach unless they also purchased services directly from Web.com.
Source-http://www.thegurureview.net/aroundnet-category/web-com-latest-victim-of-credit-card-hacking.html
Hackers Infiltrate Jimmy Johns
October 7, 2014 by admin
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Sandwich restaurant chain Jimmy John’s said there was a potential data breach involving customers’ credit and debit card information at 216 of its stores and franchised locations on July 30.
An intruder stole log-in credentials from the company’s vendor and used the credentials to remotely access the point-of-sale systems at some corporate and franchised locations between June 16 and Sept. 5, the company said.
The chain is the latest victim in a series of security breaches among retailers such as Target Corp, Michaels Stores Inc and Neiman Marcus.
Home Depot Inc said last week some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than the breach at Target Corp.
More than 12 of the affected Jimmy John’s stores are in Chicago area, according to a list disclosed by the company.
The breach has been contained and customers can use their cards at its stores, the privately held company said.
Jimmy John’s said it has hired forensic experts to assist with its investigation.
“Cards impacted by this event appear to be those swiped at the stores, and did not include those cards entered manually or online,” Jimmy John’s said.
The Champaign, Illinois-based company said stolen information may include the card number and in some cases the cardholder’s name, verification code, and/or the card’s expiration date.
eBay Expands Mobile Shopping
July 21, 2014 by admin
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Braintree, the payments gateway owned by eBay Inc, is working on removing a hurdle for e-commerce companies by making it easier for customers to directly pay for products on their smart phones.
The company rolled out a set of tools for software developers on Wednesday that allows businesses to deduct payments directly from a customer’s PayPal account.
The developer kit is the first big push from Braintree since it was bought by eBay for $800 million last year to help PayPal, eBay’s payments division, expand its presence on mobile devices.
Eliminating the need for mobile shoppers to type in their credit card details on their phones should help boost sales, Braintree Chief Executive Bill Ready said in an interview.
This is especially critical as consumers spend more time on their smartphones, a trend that is forcing developers to design a “fundamentally different computing experience” for the smaller screen, Ready added.
Braintree processes payments for businesses including car service Uber and online home-rental marketplace Airbnb.
Malware Targets Job-seekers
April 10, 2014 by admin
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A new version of the Gameover computer Trojan is targeting job hunters and recruiters by attempting to steal log-in credentials for Monster.com and CareerBuilder.com accounts.
Gameover is one of several Trojan programs that are based on the infamous Zeus banking malware, whose source code was leaked on the Internet in 2011. Like Zeus, Gameover can steal log-in credentials and other sensitive information by injecting rogue Web forms into legitimate websites when accessed from infected computers.
The ability to inject content into browsing sessions in real time has traditionally been used by computer Trojans to steal online banking credentials and financial information. However, cybercriminals are increasingly using this technique to compromise other types of accounts as well.
For example, in February, researchers from security firm Adallom found a Zeus variant that stole Salesforce.com log-in credentials and scraped business data from the compromised accounts.
The latest development involves a new Gameover variant that contains a configuration file to target Monster.com accounts, one of the largest employment websites in the world, security researchers from antivirus firm F-Secure said.
“A computer infected with Gameover ZeuS will inject a new ‘Sign In’ button [into the Monster.com sign-in page], but the page looks otherwise identical,” they said.
After the victims authenticate through the rogue Web form the malware injects a second page that asks them to select and answer three security questions out of 18. The answers to these questions expose additional personal information and potentially enable attackers to bypass the identity verification process.
Targeting Monster.com is a new development, but the Gameover malware had already been targeting CareerBuilder.com, another large employment website, for some time.
Recruiters with accounts on employment websites should be wary of irregularities on log-in pages, especially if those accounts are tied to bank accounts and spending budgets, the F-Secure researchers said. “It wouldn’t be a bad idea for sites such as Monster to introduce two factor authentication beyond mere security questions.”
The authors of the Gameover Trojan program have been particularly active recently. In early February researchers from security firm Malcovery Security reported that a new variant of Gameover was being distributed as an encrypted .enc file in order to bypass network-level defenses. Later that month researchers from Sophos detected a Gameover variant with a kernel-level rootkit component that protected its files and processes, making it harder to remove.
Unlike most other Zeus spinoffs, Gameover is also using peer-to-peer technology for command-and-control instead of traditional hosted servers, which improves its resilience to takedown efforts by security researchers.
Target Makes Information Security Changes
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Target Corp announced an overhaul of its information security processes and the departure of its chief information officer as the retailer tries to re-gain customers and investors after a massive data breach late last year.
CIO Beth Jacob is the first high-level executive to leave the company following the breach, which led to the theft of about 40 million credit and debit card records and 70 million other records of customer details.
Jacob, who comes from a sales background and has been CIO since 2008, will be replaced by an external hire, according to sources at Target.
“It’s a decision that should have been made by the CEO on January 1, not through the resignation of an employee that overlooked critical weakness in the operating model,” Belus Capital Advisors CEO Brian Sozzi said.
The breach at Target was the second largest at a U.S. retailer, after the theft of more than 90 million credit cards over about 18 months was uncovered in 2007 at TJX Cos Inc, operator of the T.J. Maxx and Marshalls chains.
Hacking has become a major concern for retailers in the United States. In the latest reported breach, beauty products retailer and distributor Sally Beauty Holdings Inc said on Wednesday its network had been hacked but no card or customer data appeared to have been stolen.
Target Chief Executive Gregg Steinhafel said the company would elevate the role of chief information security officer as part of its plan to tighten its security.
The company will also look externally to fill that position as well as the new position of chief compliance officer.
Steinhafel said Target would be advised by security consultant Promontory Financial Group as it evaluates its technology, structure, processes and talent.
“I believe this is definitely a measure in restoring faith and really showing that they are taking the breach seriously,” Heather Bearfield, who runs the cybersecurity practice for accounting firm Marcum LLP, told Reuters.
Target, the third-largest U.S. retailer, said last week customer traffic had started to improve this year after falling significantly toward the end of the holiday shopping season when news of the cyber attack spooked shoppers.
Yahoo Wins Major Lawsuit
December 17, 2011 by admin
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Yahoo has achieved a big victory against spammers, a legal victory that also includes a default judgment of $610 million.
In the lawsuit, filed in May 2008, Yahoo targeted a variety of individuals and companies, accusing them of trying to defraud people via a spam campaign that falsely informed email recipients that they had won prizes in a non-existent Yahoo-sponsored lottery.
Yahoo alleged that the defendants’ goal was to trick email recipients into providing them with personal and financial information that could be used to commit fraud by raiding victims’ bank accounts, using their credit cards and applying for loans on their behalf.
Judge Laura Taylor Swain from the U.S. District Court for the Southern District of New York ruled that Yahoo’s allegations are “uncontroverted” and said the company is entitled to $27 million in statutory damages for trademark infringement and $583 million in statutory damages for violation of the CAN-SPAM Act.
It’s not clear whether Yahoo will be able to collect the money. A default judgment is rendered when defendants in a case fail to plead or defend an action, as happened in this case, in which the defendants never responded to Yahoo’s complaint.