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JPMorgan Chase customers targeted with phishing attacks to steal data

By: Michael Hatamoto | More News: Hacking & Security | Posted: 1 day, 14 hours ago

Cybercriminals recently targeted JPMorgan Chase customers with a curious phishing attack designed to steal banking credentials and infect PCs so other usernames and passwords could be collected. JMorgan is the No. 1 bank in the United States based on assets, and confirmed the "Smash and Grab" cyberattack targeting its customers.

 

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It seems spam filters stopped a large portion of the attacks, but the phishing scam looks authentic, so it likely did compromise customers. In addition to stealing JPMorgan Chase credentials, attached malware also targets Bank of America, Royal Bank of Scotland and Citigroup customers.

 

Financial institutions are struggling to try to defend customers from cyberattacks - and the use of social engineering is rising, with cybercriminals simply tricking users into providing the data. However, it's rather curious that these spammers are including malware that steals credentials of other banks, because it's more likely to be detected.

Gartner: Information security spending on the rise as threats mature

By: Michael Hatamoto | More News: Hacking & Security | Posted: 1 day, 15 hours ago

Information security spending will reach $71.1 billion in 2014, a 7.9 percent year-over-year growth rate, according to the Gartner research group. The data loss prevention sector will have the fastest growth, amounting to 18.9 percent, with security spending to rise 8.2 percent in 2015 up to $76.9 billion.

 

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There is great interest in improving security, especially among companies with customer and client data at risk, as retailers, financial institutions, and healthcare in the private sector try to boost their defenses. Cybercriminals are improving their malware and malicious software, which can be found online for a relatively low price to anyone willing to pay.

 

"This Nexus of Forces is impacting security in terms of new vulnerabilities," said Lawrence Pingree, Gartner research director, in a press statement. "It is also creating new opportunities to improve effectiveness, particularly as a resule of better understanding security threats by using contextual information and other security intelligence. This has led to increased awareness among organizations that would have traditionally treated security as an IT function and a cost center."

Almost one-third of PlayStation 4 owners switched from Xbox 360 or Wii

By: Michael Hatamoto | More News: Gaming Consoles | Posted: 1 day, 16 hours ago

The Sony PlayStation 4 has a comfortable lead over rival game consoles such as the Microsoft Xbox One and Nintendo Wii U - and about one-third of current PS4 owners are former Xbox 360 and Wii console owners, not PS3 owners. As previous console wars have indicated, Sony cannot become complacent with its current lead, as there is plenty of time for Microsoft to claw its way back into the fight.

 

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Launching the PS4 for $399, which was $100 less than the Xbox One starting price, was an important first step for Sony late last year. However, it was Sony's quick ability to capitalize on Microsoft's problems with the Xbox One that greatly helped sell the PS4, both in the United States and across the world.

 

Even with the success of the PS4, there are still active arguments about which game console will dominate the next-generation console war long-term. Although the PS4 has the current sales lead, developers are being drawn back to the PC and less titles are being released for the Xbox One, PS4 and PC, let alone including Nintendo in the mix.

LG announces 4K OLED TVs in 77-inch, 65-inch formats at 3840 x 2160

By: Michael Hatamoto | More News: Displays & Projectors | Posted: 1 day, 17 hours ago

LG Electronics has announced it will begin selling the first 4K OLED TVs, supporting 3840 x 2160 resolution in 77- and 65-inch screen sizes. Pre-orders will be accepted in Korea starting this week, with North America and Europe targeted next, according to a press release from the company. OLED TVs should overtake LCD sales in the next few years, but it seemed unlikely that companies would be interested in mass producing 4K OLED TVs.

 

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"LG 4K OLED TV is the pinnacle of technological achievement and a new paradigm that will change the dynamics of the next generation TV market," said Hyun-hwoi Ha, LG Home Entertainment President and CEO, in a press statement. "As the next evolutionary step in display technology, OLED will play a major role in reshaping our industry. I feel confident when I say that 4K OLED is a bona fide game changer."

 

Both Sony and Panasonic showed off 4K OLED units during CES in 2013, but the TVs didn't enter production - LG hopes its "game changer" TV models will shake things up a bit - but 4K OLED will be expensive to manufacture and cost consumers a pretty penny. Instead, Sony and Panasonic have 4K LED TV units available to early adopters.

'Backoff' malware that hit Target could impact 1,000 more businesses

By: Michael Hatamoto | More News: Hacking & Security | Posted: 1 day, 18 hours ago

The Department of Homeland Security (DHS) noted that a single point-of-sale malware, dubbed "Backoff," could be responsible for infecting Target, UPS and more than 1,000 U.S. businesses in the past year alone. DHS officials are urging companies scan their networks to ensure they were not infected by Backoff or some other malware variant.

 

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Seven POS service providers have found malware on their systems, as cybercriminals are interested in selling and purchasing customer personal information on the black market.

 

Target, Neiman Marcus, Supervalu, P.F. Chang's, UPS Store, and other retailers have been hit by data breaches, as the problem became prevalent following the Target breach. There has been a stronger call for U.S. banks and credit card companies to release new cards that have embedded microchips providing security that scrambles data during transactions.

China interested in developing its own OS before the end of 2014

By: Michael Hatamoto | More News: Software | Posted: 1 day, 19 hours ago

There are reports a Chinese-made desktop operating system could be available as soon as this October, in an attempt to battle against Microsoft, Google and Apple, according to the Chinese media. If released as scheduled, it could help users upgrade desktop PCs within the next two years, with an effort to get more users on Chinese-made mobile software within the next five years.

 

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Washington and Beijing have repeatedly accused one another of snooping, and government officials hope a Chinese-made OS would counter those security threats. The end of Microsoft Windows XP support earlier in the year has given rise to Chinese OS developers, but without a coordinated effort, it seems unrealistic that something for long-term use can be released.

 

Microsoft, Google and Apple have all had issues trying to promote their products in China - with Windows 8 banned from government PCs, Google controlling too much market share.

Iran claims it shot down Israeli spy drone flying in Iranian airspace

By: Michael Hatamoto | More News: Science, Space & Robotics | Posted: 1 day, 20 hours ago

Iran's Revolutionary Guard reportedly shot down an Israeli stealth spy drone near a nuclear enrichment facility in Natanz, located about 185 south of Tehran. In addition, Iran also used the media attention to announce Iranian-manufactured UAVs and missiles - to be used for defensive purposes only. Even if Iran managed to shoot down the drone, there would be questions related to the country's defensive capabilities to allow an aircraft to get so close to the enrichment site.

 

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"A spy drone of the Zionist regime was intercepted by a surface-to-air missile," said an official statement released by the Revolutionary Guard. "The vigilant reaction of our defense system downed this drone before it could reach the skies over Natanz."

 

There is global concern regarding Iran's expanding nuclear program, and it wouldn't be surprising to hear Israel and other nations want to closely monitor Tehran's efforts. The volatile country says the nuclear capabilities would be used to enhance the life of Iranians, not for developing a nuclear weapons arsenal.

New Sony tablet and smartwatch leaked in a new photo, kinda

By: Anthony Garreffa | More News: Mobile Devices, Tablets & Phones | Posted: 2 days, 4 hours ago

IFA 2014 is just around the corner, with mobile and wearable leaks coming in from all sides, with a new tease from Sony. In a promotional piece for its SmartBand, a fitness band, the company has teased its upcoming unannounced tablet, and unannounced smartwatch.

 

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The tablet could end up being the Xperia Z3 Tablet Compact, with the smartwatch most likely being an Android Wear-powered smartwatch. Starting with the tablet, it looks like a 7- or 8-inch slate, with Spider-Man being placed on the screen of course, Sony owns the Spider-Man movie rights. If it's as good as the Xperia Z2 Tablet (which I'm using right now, expect my review in the next couple of weeks) it should be fully waterproof.

 

When it comes to the smartwatch, it should be the next smartwatch in Sony's SmartWatch range, but we can't tell much from the image unfortunately.

Rumor: Apple securing RAM for its next-gen iPhone from... Samsung

By: Anthony Garreffa | More News: Mobile Devices, Tablets & Phones | Posted: 2 days, 5 hours ago

Apple's next-gen iPhone isn't far away now, and by each day the iPhone 6 gets closer, more details on it appear. Today's rumor isn't that juicy, but DigiTimes is reporting that Apple is securing mobile RAM for its next-gen iPhone from its main competitor: Samsung.

 

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According to DigiTimes' insider sources: "Apple made a drastic move to begin expelling Samsung from its supplier list for a number of key components, including application processors, mobile RAM, NAND flash chips and batteries, starting 2013." Under this policy, Apple secured RAM from only two companies for the iPhone 5: SK Hynix and Elpida Memory (Micron Technology), as it removed long-time supplier Samsung from its list after the increased competitiveness, and multiple lawsuits.

 

DigiTimes' sources continued: "Recently, Apple has been asking Elpida/Micron and SK Hynix to ramp up supplies of mobile RAM, but the two firms have been reluctant to increase their shipments as chip prices offered by Apple are less than desired." This has forced Apple to rely on Samsung to ensure that it had enough iPhones at launch to sell to the reported 80-90 million customers.

Google acquires Gecko Design, rolls it into its Google X research labs

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: 2 days, 6 hours ago

Google has just announced it has agreed to purchase Gecko Design Inc. for an unknown amount of money, with Gecko Design's president and four other employees joining the ranks of Google's super-secret Google X labs.

 

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Gecko Design has worked on countless projects, and while you might know who they are (don't worry, I don't either) you've probably seen, or use a product that they've worked on. The company was founded back in 1996, and is based out of Los Gatos, California, specializing in designing consumer electronics before it started getting into manufacturing.

 

Jacques Gagné, president of Gecko Design spoke with The Wall Street Journal, where he said that people seek his company as they don't know how to turn their ideas into real products, especially when it's something completely new, that someone else hasn't thought of yet. This is what attracted Google X to Gecko Design, according to Gagné. Gagné also teased that his company began working with Google last year on a project for the secret lab, but declined to add any details to that. So we can presume that it was this project that had the companies talking, leading to the acquisition.

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