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  • jkabtech 4:17 am on May 10, 2018 Permalink | Reply
    Tags: Adware, , , , million, , Superfish   

    Lenovo Pays $3.5 Million Fine to Settle Superfish Laptop Adware Charges by US FTC 

    Lenovo, a major laptop maker, has agreed to pay $3.5 million (roughly Rs. 22.4 crores) and make changes in how it sells laptops in order to settle allegations it sold devices with pre-loaded software that compromised users’ security protections.

    The agreement with Connecticut, the Federal Trade Commission and 31 other states was announced on Tuesday.

    The software, called VisualDiscovery, was installed on hundreds of thousands of laptops beginning in August 2014 in order to deliver pop-up advertisements. The software also blocked browsers from warning users when they tried to access malicious websites.

    The software was also able to access consumers’ sensitive information, like Social Security numbers, the FTC said. That information was not sent to Superfish, which sold VisualDiscovery, the FTC said.

    “Lenovo compromised consumers’ privacy when it preloaded software that could access consumers’ sensitive information without adequate notice or consent to its use,” Acting FTC Chairman Maureen Ohlhausen said in a statement. “This conduct is even more serious because the software compromised online security protections that consumers rely on.”

    Lenovo said in a statement that it stopped selling the pre-loaded software in early 2015.

    “While Lenovo disagrees with allegations contained in these complaints, we are pleased to bring this matter to a close after 2-1/2 years,” the company said.

    “To date, we are not aware of any actual instances of a third party exploiting the vulnerabilities to gain access to a user’s communications,” the company said in an email statement.

    As part of the settlement, Lenovo agreed to get consumers’ consent before installing this type of software, the FTC said.

    View the Original article

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  • jkabtech 8:17 pm on May 1, 2018 Permalink | Reply
    Tags: , , European, , million, Price-Fixing   

    LG Loses European Appeal Against EUR 541 Million Price-Fixing Fine 

    South Korean electronics giant LG Electronics has lost its final appeal against a giant price-fixing fine imposed by the European Union and will pay more than EUR 540 million (roughly Rs. , it said Friday.

    In 2012 the European Commission hit seven top television and computer screen makers with fines totalling EUR 1.5 billion for running decade-long price-fixing cartels for cathode ray tubes (CRTs).

    The biggest penalty of EUR one billion was applied to LG Electronics and Philips of the Netherlands, who operated a joint venture.

    They appealed against the punishment all the way up to the European Court of Justice, but LG Electronics said in a public disclosure statement Friday that it had ruled against the firm.

    “The amount of fines confirmed at the appeals court is EUR 541,112,808 including accumulated interest.”

    It will pay the money – equivalent to nearly $650 million – within a week, it added.

    The sum amounted to 5.47 percent of its assets, but in a separate statement, it added: “While we respectfully disagree with the decision by the Court, we can say with absolute confidence that this ruling will have no impact on LG’s current businesses.”

    CRTs have now been comprehensively overtaken by flat screens based on LED technology.

    It was a record price-fixing fine from the EU at the time.

    The two cartels were among the most organised that the Commission had investigated, it said then, carrying out the “most harmful anti-competitive practices including price fixing, market sharing, customer allocation, capacity and output coordination and exchanges of commercial sensitive information”.

    But shares in LG Electronics – the main subsidiary of the LG Group, South Korea’s fourth-largest conglomerate – closed up 1.82 percent on Friday at KRW 89,500.

    Other manufacturers fined at the time have previously lost appeals.

    For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and subscribe to our YouTube channel.

    Further reading: EU, Home Entertainment, Laptops, LG, LG EU, LG Price Fixing Fine, PC

    View the Original article

     
  • jkabtech 4:17 am on March 19, 2018 Permalink | Reply
    Tags: , Anymore?', Cares, Couple, , Hundred, million   

    Xbox One Lead Engineer: ‘Who Cares About a Couple of Hundred Million PCs Anymore?’ 

    Highlights According to ex-Xbox One lead engineer, all CPU innovation is on mobile However, power efficiency gains do help reduce costs on PC gaming servers Game developers, he opines, don’t make full use of PC hardware

    At the Develop Conference 2017, the one-time lead engineer on the Xbox One and Xbox Live founder Boyd Multerer stated that mobile devices are driving innovation in CPUs.

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  • jkabtech 4:17 am on November 30, 2017 Permalink | Reply
    Tags: , , Maersk's, million,   

    Maersk’s NotPetya losses could hit $378 million 

    Three businesses hard hit by attack.

    Danish shipping giant AP Moller-Maersk will book losses in the hundreds of millions of dollars after three of its businesses fell victim to the NotPetya destructive malware attack in June this year.

    In its interim report

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  • jkabtech 8:17 pm on October 26, 2017 Permalink | Reply
    Tags: , captures, , , million, spambot   

    Massive spambot captures 711 million email addresses 

    Largest-ever data dump.

    A massive trove of email addresses used by spammers has been published online.

    It came to light after a French security researcher known as Benkow pointed the Australian operator of leaked credentials check site HaveIBeenPwned.com, Troy Hunt, to a server called Onliner Spambot.

    The server, hosted in the Netherlands, contained a vast amount of email addresses stored in database files without any access controls, making the data available to anyone.

    Benkow said the Onliner Spambot has been active since 2016, and was used to spread the credentials-stealing Ursnif banking trojan. 

    The largest Onliner Spambot file is 14GB. An Australian-specific email address database contained 12.5 million rows, Hunt said.

    Overall Hunt tallied up some 711 million email addresses in spam databases and said it comprises the largest data set ever loaded into HaveIBeenPwned.

    A large amount of the listed addresses in the Onliner dump are paired with mail server account passwords.

    With account passwords, Onliner is able to send spam from user accounts via their internet providers’s mail servers, making them appear as legitimate messages that bypass anti-junk mail measures.

    Hunt noted the email addresses with passwords matched those leaked in the 2012 LinkedIn data breach.

    The Onliner Spambot lists also contain many email addresses that appear to have been scraped from websites.

    These addresses are often malformed due to bad parsing by the web scraper. Hunt said this means the actual number of email addresses for real humans in the databases is somewhat less than 711 million.

    Benkow was able to identify a list of two million addresses as having originated from a Facebook phishing campaign.

    As of writing, it is not known who is behind the Onliner Spambot.

    View the Original article

     
  • jkabtech 12:17 pm on September 30, 2017 Permalink | Reply
    Tags: , , million,   

    Avaya to sell networking business for $131 million 

    Extreme Networks emerges as stalking horse bidder.

    Avaya is set to sell its networking business to Extreme Networks for US$100 million (A$131.7 million) as it restructures to stave off bankruptcy.

    The vendor – which filed for chapter 11 bankruptcy protection in January to reorganise its business – got into the networking market after buying a slice of Nortel in 2009 under similar circumstances.

    Avaya said other “interested parties” could still bid for its networking business, and if they did Extreme’s offer would “set the floor value” in an auction process.

    Any purchase of the assets is expected to close by June 30 this year.

    “As the stalking horse bidder, Extreme will be entitled to a break-up fee and expense reimbursement, if it ultimately does not prevail as the successful bidder at the required auction for Avaya’s assets,” Extreme Networks said in a statement.

    Extreme CEO Ed Meyercord said he expected Avaya’s networking business “to generate over US$200 million in annual revenue”.

    He said it would increase the company’s market share and “offer new opportunities for customers”.

    Avaya’s A/NZ managing director Peter Chidiac sought to reassure customers and partners in a separate statement.

    “While we understand this announcement may cause uncertainty in the market, we want to assure our Australian and New Zealand customers and partners there will be no change to the way we interact with and support them during the sale and ultimate transition process,” he said.

    View the Original article

     
  • jkabtech 10:08 pm on July 13, 2017 Permalink | Reply
    Tags: , , million,   

    Avaya to sell networking business for $131 million 

    Extreme Networks emerges as stalking horse bidder.

    Avaya is set to sell its networking business to Extreme Networks for US$100 million (A$131.7 million) as it restructures to stave off bankruptcy.

    The vendor – which filed for chapter 11 bankruptcy protection in January to reorganise its business – got into the networking market after buying a slice of Nortel in 2009 under similar circumstances.

    Avaya said other “interested parties” could still bid for its networking business, and if they did Extreme’s offer would “set the floor value” in an auction process.

    Any purchase of the assets is expected to close by June 30 this year.

    “As the stalking horse bidder, Extreme will be entitled to a break-up fee and expense reimbursement, if it ultimately does not prevail as the successful bidder at the required auction for Avaya’s assets,” Extreme Networks said in a statement.

    Extreme CEO Ed Meyercord said he expected Avaya’s networking business “to generate over US$200 million in annual revenue”.

    He said it would increase the company’s market share and “offer new opportunities for customers”.

    Avaya’s A/NZ managing director Peter Chidiac sought to reassure customers and partners in a separate statement.

    “While we understand this announcement may cause uncertainty in the market, we want to assure our Australian and New Zealand customers and partners there will be no change to the way we interact with and support them during the sale and ultimate transition process,” he said.

    View the Original article

     
  • jkabtech 11:46 pm on June 11, 2016 Permalink | Reply
    Tags: , , million, moved, , transfers   

    NY Fed first rejected cyberheist transfers, then moved $81 million 

    View the Original article

     
  • jkabtech 10:31 pm on June 11, 2016 Permalink | Reply
    Tags: denies, , million, , , , ,   

    Twitter denies reports of 32 million records, passwords were stolen or leaked 

    userAction: window.ua,’shareButtons’: shareButtons,containerID: ‘social-tools-panel’,showCounts : ‘none’,iconsOnly: ‘true’,deviceType: ‘auto’,onSendDone: CNBC_Gigya_Omniture.onSendDoneBottom // onSendDone method is called after Gigya finishes the publishing process.,onConnectionAdded: CNBC_Gigya_Omniture.onConnectionAdded // Fired whenever a user is connected to a provider,onConnectionRemoved: CNBC_Gigya_Omniture.onConnectionRemoved,onLogin: CNBC_Gigya_Omniture.trackLoginEvent // call trackLoginEvent when Social Login finishes successfully,onLogout: CNBC_Gigya_Omniture.onLogout,showEmailButton:false,moreEnabledProviders: moreEnabledProviders

    View the Original article

     
  • jkabtech 6:51 am on April 29, 2016 Permalink | Reply
    Tags: , , million, ,   

    Report: 1.5 million Verizon customers hacked 

    itemsPerPage:1 ,itemsPerTransition:1 ,speed:500 ,swipable:true ,nextPrevLinks:true ,container: ‘multi_promo_103495731_1’ ,currentNodeClass: ‘currentNode’ ,lazyLoad: false ,lazyLoadNext: false,responsive:false

    View the Original article

     
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