bank

Video Streaming Has Plenty Of Headroom In Tablet Market

Source: https://intelligence.businessinsider.com/welcome

Netflix’s video streaming service already counts 36% of U.S. tablet owners as subscribers, according to a recent Morgan Stanley study

The bank’s AlphaWise survey of over 1,100 tablet owners also found that over 40% of respondents said they never had Netflix. That translates to over 27 million U.S. tablet owners who have never subscribed and could be targeted for further growth. Also, 19% of the tablet owners said they had cancelled their Netflix, and 3% said they switched to Amazon’s Prime Instant Video service.

Two years after the iPad’s launch, sizable opportunities still abound in the tablet market, even in a fairly exploited niche like video. Morgan Stanley’s survey also reveals how new entrants like Prime Instant Video, introduced in early 2011, can quickly begin to nip at the heels of market leaders. Subscription video exploiting more narrow subjects (performing arts or sports, for example) will likely also find room to grow. 

 

Runway_TabletVids

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Friday, October 19th, 2012 news No Comments

Visa Failed Again As Its Network Went Down For 40 Minutes On Sunday

Source: http://www.businessinsider.com/visa-network-outage-2012-4


Visa

WASHINGTON (AP) — A technical problem affecting the Visa network barred some people around the United States from using their credit and debit cards for about 45 minutes on Sunday, the company said.

The outage was caused by a recent update Visa has made to its system, said Visa Inc. spokeswoman Sandra Chu. She said Visa had trouble processing some transactions as a result, but the system is operating normally now.

Chu said the problem Sunday was unrelated to the security breach potentially affecting Visa and MasterCard customers that was reported Friday by credit card processor Global Payments Inc.

The outage occurred from around 2:40 p.m. to 3:20 p.m. EDT, a person from a major bank said. The person spoke on condition of anonymity because bank employees were not authorized to speak publicly. Visa had notified the banks that are members of its network of the problem.

Consumers and merchants reported having Visa cards rejected on Sunday.

At the Shoot Smart gun range in Fort Worth, Texas, manager Jared Sloane said credit and debit transactions stopped working early in the afternoon.

Sloane said a few customers walked out when told they could only pay with cash or check, but otherwise the problem wasn’t yet much of a disruption.

Shoot Smart said problems with transactions were persisting at about 6:40 EDT.

Chu said Visa’s system was fully up and operational.

__

Associated Press writer Paul Weber in San Antonio contributed to this report.

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Monday, April 2nd, 2012 news No Comments

Source: http://gizmodo.com/5882888/new-man-in-the-browser-attack-bypasses-banks-two+factor-authentication-systems

New "Man in the Browser" Attack Bypasses Banks' Two-Factor Authentication SystemsThe banking industry often employs two-step security measures—similar to Google Authenticator—as an added layer of protection against password theft and fraud. Unfortunately, those systems have just been rendered moot by a highly-advanced hack.

The attack, know as the Man in the Browser method, works like this. Malicious code is first introduced onto the victim’s computer where it resides in the web browser. It will lay dormant until the victim visits a specific website—in this case, his bank’s secure website. Once the user attempts to log in, the malware activates and runs between the victim and the actual website. Often the malware will request that the victim enter his password or other security pass into an unauthorized field, in order to “train a new security system.” Once that happens, the attacker has full access to the account.

Luckily, the method is only a single-shot attack. That is, the attacker is only able to infiltrate the site once with the user-supplied pass code. But, once in, the attacker can hide records of money transfers, spoof balances and change payment details. “The man in the browser attack is a very focused, very specific, advanced threat, specifically focused against banking,” Daniel Brett, of malware testing lab S21sec, told the BBC.

Since this attack has shown that the two-factor system is no longer a viable defense, the banking industry may have to adopt more advanced fraud-detection methods similar to what secure credit cards. When compared to having your account silently drained, standing in line for the teller suddenly doesn’t seem like that much of a hassle. [BBC News via Technology Review]

Image: jamdesign / Shutterstock

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Tuesday, February 7th, 2012 news No Comments

Bloomberg Didn’t Sell Enough Terminals So Now Everyone’s Bonuses Are Getting Whacked

Source: http://www.businessinsider.com/bloomberg-didnt-sell-enough-terminals-so-now-everyones-bonuses-are-getting-whacked-2012-1


Bloomberg Terminal

The lower bonus situation on Wall Street isn’t just for the bankers, but for the companies that service the bankers as well.

Since Bloomberg LP failed to meet its quota for selling its famous terminals, everyone at the financial media giant will receive lower bonus payouts, the New York Post reported citing an internal memo.

That means your favorite Bloomberg News reporters and Bloomberg TV anchors will take home a lower paycheck, according to the report.

If you’re not already familiar with the Bloomberg terminal, it’s basically a computer that’s targeted toward financial professionals so they can message other users, obtain real-time market data, news and stock quotes among many other functions.

They’re really awesome.

According to the Post, there are currently 310,000 terminals that are being used worldwide.  However, the company only added 13,672 in 2011, which was short of its internal sales goal of 15,000.

So if they sold 1,328 more they wouldn’t be having this lower payout problem.  Of course, it’s not exactly the best environment out there on Wall Street.

On a side note, revenue at Bloomberg climbed $720 million, or 10.5%, to $7.59 billion, the Post reported.

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Thursday, January 26th, 2012 news No Comments

Teenage Engineering introduces Oplab musical prototyping platform

Source: http://www.engadget.com/2012/01/23/teenage-engineering-introduces-oplab-musical-prototyping-platfor/

Oplab

After finally getting the OP-1 up for order last January, Teenage Engineering is getting its second product to market — Oplab. The latest offering is meant to compliment its slick synth, but we can see plenty people falling in love with it on its own. The Oplab is a tinker kit and DIY platform, akin to Arduino or Microsoft’s .NET Gadgeteer, but designed explicitly for generating and manipulating sound. The main board, which retails for $299, is home to a trio of USB ports (two of them hosts), three MIDI connections (one in, one out and one sync) and a pair of CV in and CV out jacks. There’s also a bank of switches for changing settings and a host of connectors for plugging in various sensors. The Swedish company is offering a number of add-ons for $49 apiece: an accelerometer (Flip), a piezo microphone (Tap) and a pressure sensor (Poke). Strangely enough, there’s also a $149 a sneaker that has a rubber pouch that you can slip one of the aforementioned sensors into. Hit up the source link for more details and to order yours now.

Teenage Engineering introduces Oplab musical prototyping platform originally appeared on Engadg et on Mon, 23 Jan 2012 17:11:00 EDT. Please see our terms for use of feeds.

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Tuesday, January 24th, 2012 news No Comments

A Raid On A Luxury Ski Resort Has Uncovered The True Scale Of Tax Evasion In Italy

Source: http://www.businessinsider.com/italy-tax-ski-resort-2012-1


italy ski resort

A raid by Italian tax officials on a luxury ski resort revealed dire rates of tax evasion, reports the Telegraph

Officials traced the license plates of several of the Lamborginis, Ferraris and other high-end vehicles that lined the streets of Cortina d’Ampezzo, a popular ski resort among wealthy Italians. In all, 133 vehicles were investigated; the owners of 42 of these were found to have reported annual salaries of less than $28,000 a year. 

The investigators also reportedly found that hotels, restaurants and boutiques in the resort were wildly under-declaring how much income they were generating. 

For example, Reuters reports that restaurants being studied by authorities were issuing sales receipts amounting to 300 percent more sales than the previous year. This demonstrated the fact that such establishments had not previously issued sales receipts in order to cut down their tax bills. 

The news wire also added that tax evasion is becoming such a severe problem in Italy that the government is installing special dogs at borders, designed to sniff out bank notes with the aim of stopping people smuggling their savings abroad. 

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Thursday, January 5th, 2012 news No Comments

A Raid On A Luxury Ski Resort Has Uncovered The True Scale Of Tax Evasion In Italy

Source: http://www.businessinsider.com/italy-tax-ski-resort-2012-1


italy ski resort

A raid by Italian tax officials on a luxury ski resort revealed dire rates of tax evasion, reports the Telegraph

Officials traced the license plates of several of the Lamborginis, Ferraris and other high-end vehicles that lined the streets of Cortina d’Ampezzo, a popular ski resort among wealthy Italians. In all, 133 vehicles were investigated; the owners of 42 of these were found to have reported annual salaries of less than $28,000 a year. 

The investigators also reportedly found that hotels, restaurants and boutiques in the resort were wildly under-declaring how much income they were generating. 

For example, Reuters reports that restaurants being studied by authorities were issuing sales receipts amounting to 300 percent more sales than the previous year. This demonstrated the fact that such establishments had not previously issued sales receipts in order to cut down their tax bills. 

The news wire also added that tax evasion is becoming such a severe problem in Italy that the government is installing special dogs at borders, designed to sniff out bank notes with the aim of stopping people smuggling their savings abroad. 

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Thursday, January 5th, 2012 news No Comments

Fraudsters Now Using 3D Printers To Make Authentic Looking ATM Skimmers [Scams]

Source: http://gizmodo.com/5866491/fraudsters-now-using-3d-printers-to-make-authentic-looking-atm-skimmers

Fraudsters Now Using 3D Printers To Make Authentic Looking ATM SkimmersWhat looks like the card slot from a Chase Bank ATM is actually a sophisticated card skimmer removed from a branch in West Hills, California. And police believe a 3D printer may have been used to create it.

Those green bulbous card slots that were supposed to make it very difficult for a card skimmer to be attached to an ATM have turned out to be just a minor inconvenience for sophisticated thieves. Investigators believe this skimmer—which perfectly fits over the ATM’s regular slot— was created from a mould that came from a 3D printer. Which means those behind this particular ATM scheme had some very expensive tools at their disposal.

Fraudsters Now Using 3D Printers To Make Authentic Looking ATM SkimmersIn addition to being a perfect replica of the ATM’s standard card slot, this skimmer incorporates a small pinhole camera that starts recording the PIN pad whenever a card is inserted. On the underside is a series of holes that investigators believe allowed the thieves to download data and footage, but the complex electronics on the inside may have been salvaged from a cellphone, giving this skimmer wireless connectivity. So in the future, like in many situations, make sure you take a good look at the hardware before you stick your thing in the slot. [KrebsonSecurity via BoingBoing]


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Friday, December 9th, 2011 news No Comments

Dr. Augustine Fou is Digital Consigliere to marketing executives, advising them on digital strategy and Unified Marketing(tm). Dr Fou has over 17 years of in-the-trenches, hands-on experience, which enables him to provide objective, in-depth assessments of their current marketing programs and recommendations for improving business impact and ROI using digital insights.

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