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Kaspersky Finds New Malware
Kaspersky Lab has discovered three Flame spyware related malware threats that it said use “sophisticated encryption methods”.
Kaspersky claims that it uncovered the three new hostile programs while analysing a number of Command and Control (C&C) servers used by Flame’s creators.
“Sophisticated encryption methods were utilised so that no one, but the attackers, could obtain the data uploaded from infected machines,” the firm’s statement read.
“The analysis of the scripts used to handle data transmissions to the victims revealed four communication protocols, and only one of them was compatible with Flame.
“It means that at least three other types of malware used these Command and Control servers. There is enough evidence to prove that at least one Flame-related malware is operating in the wild.”
The discovery of the three programs indicates that Flame’s Command and Control platform was being developed in 2006, four years earlier than first thought.
Flame was originally uncovered in May targeting Iranian computer systems. The malware drew widespread concerns within the security industry regarding its advanced espionage capabilities.
The full scale of Flame and its overarching implications remain unknown, despite the ongoing joint research campaign being mounted by Kaspersky, IMPACT, CERT-Bund/BSI and Symantec.
“It was problematic for us to estimate the amount of data stolen by Flame, even after the analysis of its Command and Control servers,” said Kaspersky’s chief security expert, Alexander Gostev.
Following the discovery of the three new related programs, Kaspersky’s chief malware expert Vitaly Kamluk told The INQUIRER that Flame is not the only one in this big family.
“There are others and they aren’t just other known malwares such as Stuxnet, Gauss or Duqu,” he said. “They stay in the shadows and no one has published anything about them yet. Others were probably used for different campaigns.”
Kamluk added that it is “very possible” there are more than the three listed in Kaspersky’s report.
“They started building RedProtocol, yet another ‘language’ for unknown malware. No known client types are using that one, which means that there is even more malware out there,” he added.
RIM, Microsoft Sign Patent Licensing Deal
September 25, 2012 by admin
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Research In Motion’s shares jumped on Tuesday after it inked a patent licensing deal with Microsoft Corp to use one of the technology company’s file storage systems.
Microsoft said the patent being licensed by RIM greatly expands the size of files that flash memory devices can handle and increases the speed at which those files can be accessed. The technology also provides the ability to seamlessly transfer data between a variety of different devices.
“This is potentially money out of RIM’s coffers for the right to use the ex-FAT patent in its technology. But what it does for investors and others is provide a glimpse into what the BlackBerry 10 devices can do,” said Kevin Restivo, a mobile device analyst at global research firm IDC.
RIM has seen its once dominant position in the smartphone market slip away to Apple Inc, Samsung and other competitors, and the company’s fate may depend on the success of its new line of devices, the BlackBerry 10, which is set to hit the market early in 2013.
RIM hopes the BlackBerry 10 will help it regain market share that has been ceded to snazzier devices such as Apple’s iPhone and others that run on Google Inc’s Android operating system.
“I think there is some anticipation and speculation around the devices that RIM will launch as a result of the announcement today,” Restivo said.
Google Acquires Instagram’s Rival
September 24, 2012 by admin
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Google Inc said it purchased Instagram rival Nik Software, which makes award-winning photo editing application Snapseed, for an undisclosed amount.
Google and Facebook Inc are locked in a battle for social network followers that has increasingly shifted to mobile applications, such as photo editing.
While not as famous as Instagram, available for free on Apple’s mobile devices, Snapseed has won a following for its editing prowess among photographers, despite a $4.99 price tag.
Nik Software says Snapseed has more than 9 million users while Instagram says it has more than 100 million.
“We want to help our users create photos they absolutely love, and in our experience Nik does this better than anyone,” Vic Gundotra, Google’s senior vice president, engineering, said on a Google+ post.
Facebook this year bought Instagram, which made an app for users to add filters and effects to pictures taken on their smartphones, for a cool $1 billion.
“Google’s playing chase up in social,” BGC Partners analyst Colin Gillis said. “It’s yet another tuck in they have done, trying to boost their Google+ offering.”
Snapseed won Apple Inc’s “iPad App Of The Year” award in 2011 for its multitouch photo editing interface.
“We’ve always aspired to share our passion for photography with everyone, and with Google’s support we hope to be able to help many millions more people create awesome pictures,” Nik Software said on its Website.
Google’s Gundotra also said that Google+ had hit over 400 million users this week and had just crossed 100 million
IBM Beefs Up
IBM is unveiling a new version of its Connections enterprise social networking (ESN) software, which businesses use to give their employees social media capabilities adapted for workplace collaboration, such as employee profiles and blogging.
Enhancements in IBM Connections 4.0 include a more interactive activity stream, broader support for mobile devices, more granular usage analytics and integration with email and calendar systems, according to Heidi Ambler, director of product management for IBM Social Software. It is available immediately.
“This new release helps customers grasp the power of social analytics, gives them anytime-anywhere access to the software and provides cutting-edge capabilities,” she said.
Instead of a list-like news feed, the new software has an activity stream in employee profiles that users can filter for relevance, as well as act on the notifications right from the Connections interface.
For example, users can trigger pop-up boxes from the activity stream notifications and see the latest comments made about a file, see who posted the latest version of it and add tags to it.
An integration with IBM’s own Lotus Notes-Domino and with Microsoft’s Outlook-Exchange email and calendar systems lets users manage email messages through Connections.
TSMC Makes Expansion Plans
TSMC is expected to spend $10 billion next year in capital works as Apple plans to contract the outfit to build its next-generation processors.
According to the Chinese-language Economic Daily News TSMC has informed the equipment suppliers of its decision to hike capital expenditure for 2013 to US$10 billion. This indicates that TSMC has overcome technical problem with 20nm process, which Apple’s next-generation processors are said to use.
It also suggests that Jobs’ Mob is speeding up its reduction of work it gives Samsung. Apple has reportedly sent around 200 design engineers to help TSMC get familiar with the company’s next-generation processor designs at TSMC’s facility in Central Taiwan Science Park.
I.T. Spending On The Rise
Worldwide IT spending remains on track to increase by 6% in 2012 despite the grim economic conditions in Europe, thanks to strong software, storage, smartphone and tablet sales, according to IDC.
While 2012 has been a tough year for many IT vendors, they have done better overall than many expected in the first half of the year, IDC said.
For example, software spending has been robust, even in parts of the world where the economy has been weakest, as businesses hope software tools and applications will help them implement cost-reduction strategies.
The 6% growth compares to a 7% increase in worldwide IT spending last year. IDC expects 6% growth in 2013.
Software, storage, enterprise network and mobile device markets have offset weaker sales in servers, peripherals and PCs. However, the launch of Windows 8 during the fourth quarter should help the PC market recover next year, IDC said.
U.S. IT spending will grow by 5.9% in 2012, compared to 8.5% last year. However, the strength of the dollar during the first six months of the year means that IT spending in dollar terms will grow just 4% for the full year.
Oracle Agrees To Support Itanium
Oracle has committed to supporting the Intel Itanium processor on servers, ending what has been a long running feud with HP.
Oracle’s announcement is well timed because it was just a few weeks ago that a court ordered it to do just that. It did say however, that it will appeal the court’s judgment.
This should put an end to what has been a rather grubby row between Oracle and HP that centered around whether or not the two firms have an agreement about developing software for the IA-64 architecture.
The row, which was not helped by former HP CEO Mark Hurd’s abrupt firing from HP and hiring at Oracle, pulled in Intel and saw Oracle force HP into admitting that it had a secretive deal with Intel for development.
Upon hearing the court’s decision in August, Oracle couldn’t resist taking another dig at HP and its insistence that Oracle continue supporting a processor that as far as it was concerned could die.
“We know that Oracle did not give up its fundamental right to make platform engineering decisions in the 27 words HP cites from the settlement of an unrelated employment agreement. HP’s argument turns the concept of Silicon Valley ‘partnerships’ upside down,” said Oracle spokeswoman Deborah Hellinger then. “We plan to appeal the Court’s ruling while fully litigating our cross claims that HP misled both its partners and customers.”
It looks like Oracle has no choice however, and in a statement it said that it will abide by the decision of the court.
“Previously, Oracle announced that it would stop developing new versions of its software on Itanium microprocessors. For example, that meant version 12c of the Oracle database due out in early 2013 would not be available on Itanium,” it said.
Samsung Goes HSA
It seems that the IFA 2012 show in Berlin was a good show for AMD as well, or to be precise, it was good for the HSA (Heterogeneous System Architecture) Foundation founded by AMD, ARM, Texas Instruments, Imagination and Mediatek. Samsung has joined up alongside six new members.
The HSA Foundation was created back in June at AMD’s Fusion Developer Summit as a foundation that will deliver new user experiences through advances in computing architectures in order to improve power efficiency, performance, programmability, portability across computing devices and general support of software across a broad spectrum of devices in order to remove the need for code rewriting for various different platforms.
Senior Manager of Technology Marketing at AMD, Sasa Marinkovic, noted on the AMD blog that there is no doubt that the HSA Foundation is off to a good start and in addition to Samsung, they are more than happy to welcome six additional companies including Apical, Arteris, MulticoreWare, Sonics, Symbio and Vivante.
Sharp Electronics Gets Downgraded
Sharp has had its credit rating cut to junk status by the Standard and Poor’s rating agency.
Sharp, which invested heavily during the LCD television boom in the mid 2000s, is now paying the price as demand for televisions slumps across the board. Now Standard and Poor’s has bestowed the ignominy of lowering Sharp’s credit rating to BB+, putting it into what’s called junk status.
Standard and Poor’s also warned that Sharp has weak cash flow and is facing worsening market conditions, two things that will not endear it to investors. It said, “Sharp’s liquidity position has weakened, and the company is highly dependent on short-term borrowings in light of weak internal cash flow and a less favourable funding environment.”
Sharp has had a troubled year and earlier this week announced that it will lay off 2,000 employees in Japan, as its LCD business simply cannot support itself. Standard and Poor’s said that unless Sharp’s fortunes improve, the firm could be hit with another credit rating downgrade.
Standard and Poor’s said, “We may consider lowering the ratings if Sharp’s earnings in (the year to March 2013) and prospects for its recovery deteriorate even further or the company’s financing environment and relationships with credit banks and strategic partners worsen.”
Will Facebook Go Lower?
September 6, 2012 by admin
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Facebook is still overvalued and analysts are starting to agree with us that the company could fall to about $13 a share.
SmartMoney’s Jack Hough is being quoted by Forbes as saying that Facebook should be worth about half what is now – about $29.52 billion, or just a tad over $13 per share. Hough compares Facebook to Google which trades at 3.6 times its projected revenues for 2014. Analysts expect Facebook to have $8.2 billion in sales that year which means you just multiply this figure by about three.
All makes sense and is a similar view to what I said when Facebook issued its daft IPO and people lost their shirts and underpants on the deal. Part of the problem is still that Facebook has not worked out a good way to make money from advertising and it has not got an effective mobile strategy.