The Society for Worldwide Interbank Financial Telecommunication (SWIFT)’s chief executive, Gottfried Leibbrandt, told a financial services conference in Brussels that SWIFT will launch a five-point plan later this week.

Banks send payment instructions to one another via SWIFT messages. In February, thieves hacked into the SWIFT system of the Bangladesh central bank, sending messages to the Federal Reserve Bank of New York allowing them to steal $81 million.

The attack follows a similar but little-noticed theft from Banco del Austro in Ecuador last year that netted thieves more than $12 million, and a previously undisclosed attack on Vietnam’s Tien Phong Bank that was not successful.

The crimes have dented the banking industry’s faith in SWIFT, a Belgium-based co-operative owned by its users.

The Bangladesh Bank hack was a “watershed event for the banking industry”, Leibbrandt said.

“There will be a before and an after Bangladesh. The Bangladesh fraud is not an isolated incident … this is a big deal. And it gets to the heart of banking.”

SWIFT wants banks to “drastically” improve information sharing, to toughen up security procedures around SWIFT and to increase their use of software that could spot fraudulent payments.

SWIFT will also provide tighter guidelines that auditors and regulators can use to assess whether banks’ SWIFT security procedures are good enough.

Leibbrandt again defended SWIFT’s role, saying the hacks happened primarily because of failures at users. “Many of the less protected banks are in countries were skills are really scarce,” he said, pointing the finger at providers of services to banks.

“We will have to create an ecosystem of providers and partners, for example by introducing certification requirements for third-party providers,” he said.

Courtesy-http://www.thegurureview.net/uncategorized/swift-to-implement-new-security-program-after-recent-hacking.html

“Microsoft has agreed to withdraw its regulatory complaints against Google, reflecting our changing legal priorities. We will continue to focus on competing vigorously for business and for customers,” a Microsoft spokesperson said in an email.

Google, in a separate email, said the companies would want to compete vigorously based on the merits of their products, not in “legal proceedings”.

The companies in September agreed to bury all patent infringement litigations against each other, settling 18 cases in the United States and Germany.

“… Following our patent agreement, we’ve now agreed to withdraw regulatory complaints against one another,” Google said on Friday.

Google’s rivals had reached out to U.S. regulators alleging that the Internet services company unfairly uses its Android system to win online advertising, people with knowledge of matter told Reuters last year.

The European Commission also accused Google last year of distorting internet search results to favor its shopping service, harming both rivals and consumers.

Source-http://www.thegurureview.net/aroundnet-category/google-microsoft-drop-regulatory-complaints-against-each-other.html

Bernstein Research’s senior analyst Mark C. Newman said that the competitive dynamic in the memory chip industry is not as good as we thought due to Samsung’s aggressive and opportunistic behavior. This is analyst speak for Samsung is engaging in a supply and price war with the other big names in the memory chip marking business – SK hynix and Micron.

“Rather than sit back and enjoy elevated profit margins with a 40 percent market share in DRAMs, Samsung is intent on stretching their share to closer to 50 percent,” he said.

Newman said the company is gaining significant market share in the NAND sector.

“Although Samsung cares about profits, their actions have been opportunistic and more aggressive than we predicted at the expense of laggards particularly Micron Technology in DRAMs and SK hynix in NANDs,” he said.

SK hynix is expected to suffer. “In NAND, we see Samsung continuing to stretch their lead in 3D NAND, which will put continued pressure on the rest of the field. SK hynix is one of the two obvious losers.”

Newman said that Samsung’s antics have destroyed the “level of trust” among competitors, perhaps “permanently,” as demand has dropped drastically with PC sales growth down to high single digits in 2015 with this year shaping up to be the same.

“Sales of smartphones, the main savior to memory demand growth have also weakened considerably to single digit growth this year and servers with datacenters are not strong enough to absorb the excess, particularly in DRAM,” Newman said.

He is worried that Samsung could create an oversupply in the industry.

“The oversupply issue is if anything only getting worse, with higher than normal inventories now an even bigger worry. Although we were right about the shrink slowing, thus reducing supply growth, the flip side of this trend is that capital spending and R&D costs are soaring thus putting a dent in memory cost declines,” he said.

China’s potential entry into the market and new technologies will provide further worries “over the longer term.”

“Today’s oversupply situation would become infinitely worse if and when China’s XMC ramps up big amounts of capacity. New memory technologies such as 3D X-point, ReRAM and MRAM stand on the sidelines and threaten to cannibalize part of the mainstream memory market,” he said.

Courtesy-Fud

Nvidia claims it was forced to wind down its cellular mobile broadband chipset business, including its Icera unit just four years after buying it, because of Qualcomm’s anti-trust antics.

Qualcomm’s alleged tactics led to “unexplained delays in customer orders, reductions in demand volumes and contracts never being entered into, even after a customer or mobile network cooperating with a prospective customer has agreed or expressed a strong intention to purchase” Nvidia’s chipsets, the company moaned.

The claim for cash comes as European Union regulators step up antitrust investigations into Qualcomm sales tactics that officials said thwarted other designers of mobile-phone chip technology. This could result in fines or an EU order forcing a company to change its behaviour.

The EU thinks Qualcomm may have charged below-cost fees for chips used in mobile Internet modems known as dongles from 2009 to 2011 to thwart smaller competitor Icera. Regulators are separately probing what they say are exclusivity payments Qualcomm paid to a phone and tablet manufacturer for using its designs.

Qualcomm is “confident” it would prevail in both the EU investigation and the lawsuit.

Nvidia is seeking a declaration from the judge that Qualcomm’s conduct was an abuse of a dominant position, compensation, and an account of the profits it says Qualcomm gained from unlawful conduct, according to the court filings.

Courtesy-Fud

The Health Information Trust Alliance conducted a study of some 30 mid-sized U.S. hospitals late last year and found that 52 percent of them were infected with malicious software, HITRUST Chief Executive Daniel Nutkis told Reuters.

The most common type of malware was ransomware, Nutkis said, which was present in 35 percent of the hospitals included in the study of network traffic conducted by security software maker Trend Micro Inc.

Ransomware is malicious software that locks up data in computers and leaves messages demanding payment to recover the data. Last month, Hollywood Presbyterian Hospital in Los Angeles paid a ransom of $17,000 to regain access to its systems.

This week, an attack on MedStar Health forced the largest healthcare provider in Washington, D.C., to shut down much of its computer network. The Baltimore Sun reported a ransom of $18,500 was sought. MedStar declined to comment.

HITRUST said it expects such attacks to become more frequent because ransomware has turned into a profitable business for cyber criminals.

The results of the study, which HITRUST has yet to share with the public, demonstrate that hackers have moved away from focusing on stealing patient data, Nutkis said.

“If stuff isn’t working, they move on. If stuff is working, they keep doing it,” said Nutkis. “Organizations that are paying have considered their options, and unfortunately they don’t have a lot of options.”

Extortion has become more popular with cyber criminals because it is seen as a way to generate fast money, said Larry Whiteside, a healthcare expert with cyber security firm Optiv.

Stealing healthcare data is far more labor intensive, requiring attackers to keep their presence in a victim’s network undetected for months as they steal data, then they need to find buyers, he added.

“With ransomware I’m going to get paid immediately,” Whiteside said.

Courtesy- http://www.thegurureview.net/aroundnet-category/hospitals-should-brace-for-surge-in-ransomware-attacks.html

The appeal comes after a ruling at the end of February when SCO’s arguments claiming intellectual property ownership over parts of Unix were rejected by a US district court. That judgment noted that SCO had minimal resources to defend counter-claims filed by IBM due to SCO’s bankruptcy.

In a filing, Judge David Nuffer argued that “the nature of the claims are such that no appellate court would have to decide the same issues more than once if there were any subsequent appeals”, effectively suggesting that the case had more than run its course.

On 1 March, that filing was backed up by the judge’s full explanation, declaring IBM the emphatic victor in the long-running saga.

“IT IS ORDERED AND ADJUDGED that pursuant to the orders of the court entered on July 10, 2013, February 5, 2016, and February 8, 2016, judgment is entered in favour of the defendant and plaintiff’s causes of action are dismissed with prejudice,” stated the document.

Now, though, SCO has filed yet again to appeal that judgment, although the precise grounds it is claiming haven’t yet been disclosed.

SCO is being represented by the not-inexpensive law firm of Boise, Schiller & Flexner, which successfully represented the US government against Microsoft in the antitrust case in the late 1990s. Although SCO is officially bankrupt, it’s unclear who continues to bankroll the case. Its one remaining “asset” is its claims for damages against IBM.

Meanwhile, despite the costs of the case, IBM has fought SCO vigorously, refusing even to throw a few million dollars at the company by way of compensation, which would encourage what remains of the company to pursue other, presumably easier, open source targets.

Courtesy-TheInq

Hexus spotted Yu Zheng, an R&D Manager at AMD Shanghai had listed the work on Project Greenland as a work experience highlight on his LinkedIn profile page. Greenland is described as “A leading chip of the first graphics IP v9.0 generation, it has full capacity of 4096 shader processor along with whole new SOC v15 architecture.”

The Graphics IP v9.0 designation is thought to signify a Vega GPU in the making. Zheng mentions this is an SOC, but then Hawaii and Fiji chips were described the same. Fiji is part of the graphics IP v8.0 family, as will be Polaris.

Vega following after Polaris, and designated as a ‘HMB2′ GPU by AMD, it looks like Vega based graphics cards will be the successors to the HBM equipped Fiji range such as the Radeon Fury and Nano. Fiju can manage 4096 stream processors,  but with an upgrade to HBM2, 14nm process and other optimisation it is estimated that a Greenland/Vega GPU based graphics cards will offer 20 to 30 per cent better performance.

So with Greenland/Vega sporting HBM2 memory Hexus thinks that Polaris packing graphics cards will therefore feature GDDR5/X memory.

Courtesy-Fud

The bulk of the visits to DAP websites originate in the U.S.

So far Windows 10 has recorded 20.2% of visits in March by Windows PCs, smartphones and tablets. That was a one-percentage point increase from February and more than two percentage points above January’s.

Although Microsoft irregularly trumpets the number of devices running Windows 10 — the last time was nearly three months ago — data from DAP and metrics vendors like Net Applications and StatCounter are the only publicly available sources for monitoring Windows 10 adoption.

But these external measurements are rough at best.

A case in point: Because overall traffic to DAP websites plummets on weekends — total visits by Windows devices on Saturday and Sunday are typically less than half that of a weekday — Windows 10 may be unrepresented, as more Windows PCs used during the work week are business machines, which predominantly run the corporate standard, Windows 7.

Microsoft has just over four months left to boost Windows 10 adoption by pushing the free upgrade to eligible Windows 7 and 8.1 devices. That deal is set to expire July 29, on the one-year anniversary of Windows 10′s launch.

Windows 10 adoption growth has slowed each month this year. At the pace of past three months, Windows 10 should account for approximately 26% of DAP’s traffic by the end of July. (Other data sources have repeatedly portrayed global adoption of Windows 10 at lower rates than in the U.S.)

Will that match whatever goal Microsoft set when it decided to give away upgrades? Microsoft’s not saying, and even if it did, there would be no way to verify any claim.

Source- http://www.thegurureview.net/computing-category/windows-10-passes-20-user-share-mark.html