Hackers Breach Top Wall Street Law Firms, Including Cravath Swaine & Moore LLP, Weil Gotshal & Manges LLP

Hackers Breach Top Wall Street Law Firms, Including Cravath Swaine & Moore LLP
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Reuters: Hackers broke into the computer networks of some big U.S. law firms, including Cravath Swaine & Moore LLP and Weil Gotshal & Manges LLP, the Wall Street Journal reported on Tuesday. Federal investigators are looking to see if confidential information was stolen for insider trading, as these law firms represented Wall Street banks and big companies, the Journal said, citing people familiar with the matter. Other law firms were also targeted, but the probe has not amounted to any clear information on what details have been stolen, the newspaper…

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Big data security required as 80% of devices ‘at risk’

Google
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Research by Irish company AdaptiveMobile found 80% of devices are at risk. This shows the need for ‘big security’ to be introduced to accommodate the huge projected growth in the internet-of-things, it says. Current security solutions won’t be strong enough to facilitate such an explosion in the number of devices, according to AdaptiveMobile’s chief technology officer Ciaran Bradley. “The concerning thing is when we look at the internet-of-things we’re talking about billions of sensors so if we were to take the current lax approach to security and transfer that across…

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Android app Malware steals two-factor SMS codes, hijacks big Australian banks systems

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Millions of customers of Australia’s largest banks are the target of a sophisticated Android attack which steals banking details and thwarts two-factor authentication security. Commonwealth Bank, Westpac, National Australia Bank and ANZ Bank customers are all at risk from the malware which hides on infected devices waiting until users open legitimate banking apps. The malware then superimposes a fake login screen over the top in order to capture usernames and passwords. The malware is designed to mimic 20 mobile banking apps from Australia, New Zealand and Turkey, as well as…

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White House Proposes $19 Billion Budget Allocation for Cybersecurity

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US President Barrack Obama is seeking a 35 percent hike in cybersecurity funding in his final budget to boost the capability of the federal government to defend itself against cyberattacks. The proposed $19 billion request, which represents one of the largest increases ever sought in this area, comes as Congress and the public have witnessed an alarming series of intrusions in recent years against targets ranging from Target and Sony to the Pentagon and the Office of Personnel Management. The proposal is part of a larger package of initiatives the…

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Apple under pressure to scrap controversial policy of permanently disabling repaired iPhone 6s

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Apple has come under pressure to scrap its controversial policy of permanently disabling repaired iPhone 6s when software is upgraded, following a global consumer backlash and claims the company could be acting illegally. At least one firm of US lawyers said it hopes to bring a class action against the technology giant on behalf of victims whose £500 phones have been rendered worthless by an Apple software upgrade. In the UK, a barrister told the Guardian that Apple’s “reckless” policy of effectively killing people’s iPhones following the software upgrade could…

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Here the 10 biggest 2016 startup opportunities

Mobile Apps
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The year 2015 was all about drones, virtual reality, 3D printing, and the Internet of Things (IoT). This year, venture capitalists and industry observers say the tech world should expect more of the same. “Most hot startups in 2016 won’t be trying to lead revolutions or usher in whole new industries,” says Igor Shoifot, an investment partner with TMT Investments. “Instead, they’ll be enhancing existing technologies, products, services, or transactional ecosystems by saving users time, money, effort, and helping them make better choices more easily.” However, according to CIO, the…

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Time Warner Cable loses 320,000 customer passwords via phishing attacks

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If you’re a Time Warner Cable customer, now is a very good time to change your password. The company admitted late yesterday that it believes personal data belonging to as many as 320,000 customers may have been stolen. The news came to light after the FBI alerted Time Warner Cable to the fact that it believed that user data, including email addresses and passwords, “may have been compromised.” Reuters reports that it’s unclear how the data was collected, though “there were no indications that Time Warner Cable’s systems were breached.”…

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Zurich, Switzerland: Chairwoman of GEDA Group gives a Thought Leadership Keynote at the Quantum Global Symposium

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The Founder and Chairwoman of GEDA Group Sophia Bekele was invited to speak on a Thought Leadership Keynote Panel, held by Quantum Global Advisory Board Symposium on 19th November 2015, Zurich, Switzerland, convened at the Zürich Marriot Hotel. The Symposium was focused on the essential role and growing impact of female African entrepreneurs, business women and innovators on the Continents burgeoning growth trajectory and wider socio-economic development. Africa has the greatest potential and as such has experienced tremendous interest from the global frontier especially on information technology and more so…

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Guarding your online brand against cybersquatters

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If you had a business called Widgets R Us and somebody set up shop right next door with a business called Widgets R U, you’d probably be a bit miffed. Especially if the interloper then demanded money to move elsewhere. cybersquatters: But this sort of thing is happening all the time online. It’s called cybersquatting – buying up website addresses, or domain names, that sound very similar to existing well-known brand names. When Google recently launched its new parent company Alphabet, and the abc.xyz web address, there were more than…

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How can Financial Institutions make IoT Technology payoff?

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Deloitte have produced a new fascinating report about the size of the market for the Internet of Things (IoT).  Here’s the management summary and you can download the whole report here . Can financial services, which deals mostly with the intangible, benefit from Internet of Things technology? Absolutely—and not only from more and better data about clients’ physical assets. IoT Technology applications aim to transform finance along with every other sector. IoT may be as broadly transformational to the financial services industry as the Internet itself, and leaders should make…

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