Federal Reserve Bank of St. Louis Confirms it was Hacked

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SAN FRANCISCO — The Federal Reserve Bank of St. Louis confirmed on Tuesday that hackers had successfully hacked the bank, redirecting users of its online research services to fake websites set up by the attackers. The breach was just the latest in a spate of hackings against government systems in recent months, affecting the White House, the State Department and even the president’s own email account. In this case, the attack appeared to compromise the Internet’s routing system, known as the domain name system, or D.N.S thus was  hacked. In…

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Digital Firms Dominate Top Media Companies, Emerging New Media Owners Gain Ground

Mobile Apps
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Power in the digital advertising market is concentrated in the hands of a few large platforms, and New Media is becoming even more concentrated. The five purely digital media owners — Google, Facebook, Baidu, Yahoo and Microsoft — generated $71 billion in New Media revenue, which represents 68% of all global digital ad spend, up from 67% a year ago, according to a just-issued report from ZenithOptimedia, part of Publicis Groupe. Google’s dominance as the world’s largest New Media owner has increased, with the gap between it and its nearest competitor…

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Top ICT DIVA Sophia Bekele Trendsets at UC Berkeley Haas School of Business, heralding “Mobile technology is the future of the internet”

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Sophia Bekele has given a motivating and catalyzing keynote speech which discussed the effects of embracing the mobile technology in all the platforms, because everything is gravitating towards the mobile devices. “Mobile technology is the future of the internet, all services and solutions gravitate towards the accessible yet disruptive personal touch of the button…” – Sophia Bekele The keynote was presented to the 2015 Africa Business Forum at the Berkeley Haas School of Business, see the press release below Photo Caption: Sophia Bekele speaking on mobile as the NEXT FRONTIER…

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Announcement of keynote speakers for E-Learning 2015 Conference includes Sophia Bekele

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CIO East Africa, one of the media sponsors for the event, reported on the announcement from organizers that the keynote speakers at this international conference of E-Learning Africa 2015. The event the will take place from 20 – 22 May in Addis Ababa, Ethiopia, and the keynote speakers include Ms. Sophia Bekele, Founder/CEO of DotConnectAfrica Group & CBS International USA, Founder of Yes2dotAfrica Campaign; Ethiopia/USA,  Mr. Shai Reshef, University of the People, USA; and Mark Surman of the Mozilla Foundation, USA. CIO Reports: One of the interesting scenes in this event…

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WSJ: Google Hit With Antitrust Lawsuit In Europe

Privacy
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“European Union regulators formally accused Google Inc. of violating the bloc’s antitrust laws by abusing its dominance of online search, escalating a long-running case that had stalled for years despite three separate attempts at a settlement. Wednesday’s move is the first time that any regulator has filed formal antitrust charges against the California search giant, putting the EU in the vanguard of a global debate over the regulation of giant Internet platforms.” Adapted from WSJ

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Why investors should be concerned about cybersecurity breaches

Liquid Telecom
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Major security breaches continue to hit headlines, as businesses are forced to shift from focusing on the imminent nature of threats to calculating their potential financial impact. Companies are investing billions of dollars in cybersecurity, but the average return on spending for security technology is only 14%. Every year the cost of a data breach continues to rise. In spite of this, investors and shareholders don’t react strongly to news of a breach. Target’s stock fell 11% after it revealed it was the victim of one of the largest breaches ever to…

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EU hopes to abolish Internet geoblocking as it stands in the way of a modern digital market

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The European Commission has said it is resolved to do away with the common practice of the user IP-based blocking of some digital content on the Internet. It said geoblocking stood in the way of a modern digital market. The EU executive announced Wednesday it had reached a decision in principle to tear down national Internet usage barriers by scrapping the widespread practice of what’s become known as geoblocking. It’s a method of preventing users from accessing certain websites, videos, music and other content based on their location and has…

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Understanding the Impact of Internet of Things

Liquid Telecom
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While Apple and Samsung have had the benefit of being the large, dominant players in the mobile smart phone space, there are likely to be many successful entrepreneurial companies with many different Internet of Things products that help drive the next wave of innovation. It’s amazing when you stop and think about it. Your mobile phone has instant access to the sum total of human knowledge … and yet something important is missing: Contextual Awareness. Through sensors both stationary and wearable, the Internet of Things (IoT) has the potential to change…

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Google’s Domain Name Land Grab: Consumer Convenience Or Coercive Control Point?

Privacy
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Internet naming decisions are the sort of Internet plumbing inside baseball that only interests policy wonks and marketing mavens. That is until an 800 pound gorilla like Google GOOGL +0.54% decides to pay $25 million for a single generic top-level domain name (gTLD). Buying “.app” for almost four-times the previous record for a gTLD not only raised eyebrows, but questions about the strategy behind Google’s expansive and expensive domain name land grab. Although the most costly, .app is merely one of over 100 gTLDs, Google had already spent nearly $20…

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CIO: The Cybercrime Economy Personified

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While the Center for Strategic & International Studies and McAfee estimated the annual cost to the global economy from cybercrime at $375 billion conservatively and $575 billion maximally as of June 2014, at least one expert stands by cost figures that are many times those numbers. “U.S. companies and the U.S. economy lose approximately $500 billion each year to theft of trade secrets and innovation. This includes all forms of economic espionage where cybercrime plays a major factor. When you factor the 10-year life of the investment in innovation, the…

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