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A Start-Up Is Gold for Facebook’s New Millionaires

At Facebook, ground zero for the nouveau tech riche in Silicon Valley, peer pressure dictates that consumption be kept on the down low.

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Recent Entries

DealBook: Facebook Raises $16 Billion in I.P.O.

The initial public offering, priced at $38 a share, values Facebook at $104 billion, putting the social networking company on par with McDonald’s, Citigroup and Amazon.com.

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DealBook: Long Odds on a Big Facebook Payday

If history offers any lesson, average investors may find they face steep odds if they hope to make big money in a much-hyped stock like Facebook.

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UK Government Staff Caught Snooping On Citizen Data

An anonymous reader writes “More than 1,000 UK government staff have been caught snooping on citizen data — including criminal records, social security, and medical records. From the article: ‘The U.K. government is haemorrhaging data — private and confidential citizen data — from medical records to social security details, and even criminal records, according to figures obtained through Freedom of Information requests.

Just shy of 1,000 civil servants working at the Department for Work and Pensions (DWP), were disciplined for accessing personal social security records. The Department for Health (DoH), which operates the U.K.’s National Health Service and more importantly all U.K. medical records, saw more than 150 breaches occur over a 13-month period.’”


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Social Networking: The New Workplace Smoke Break

snydeq writes “J. Peter Bruzzese sees a solution for organizations seeking to cut down employee time spent on social networks at work: treat social networking like a smoke break. ‘Try as you might to keep social networks at bay, mobile devices let people be in constant connection to their social networking vices over the cellular networks, which you can’t block. Still, it’s not completely impossible to stop social time-wasting over mobile: You can establish policies that, if enforced strongly enough, eliminate social networks from being accessed on company time. Treat it like smoking: Let employees take a 15-minute coffee/smoking/Facebook break and make them go to a designated area to do it.’”


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Android Hackers Honing Skills In Russia

MikeatWired writes “The malware business growing around Google Android — now the leading smartphone operating system — is still in its infancy. Today, many of the apps built to steal money from Android users originate from Russia and China, so criminal gangs there have become cyber-trailblazers. Sophos and Symantec on Wednesday released their latest Android malware discoveries written in Russian. While the language narrows the number of potential victims, the social-engineering tactics used to get Android users to install the malware is universal. The gang tracked by Sophos is using fake antivirus scanners, while Symantec is tracking cybercriminals using mobile websites to offer bogus versions of popular games. Sophos says the criminals are like other entrepreneurs launching startups. They’re starting in Russia, but have far greater ambitions. ‘I don’t think we can say that they’re necessarily using it as a testing ground — think of it more as a local business that as it grows may gain multinational ambitions,’ Graham Cluley, senior technology consultant at Sophos, said in an email interview on Wednesday. The cyber scam tracked by Sophos was reported this week by GFI Lab, which discovered links to the bogus antivirus software on Twitter. Sophos dug deeper and found that the .ru domains pointed to the same Internet protocol address hosted in Ukraine.”


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Paul Vixie: 100,000 DSL Modems May Lose Their DNS On July 9

Dante_J writes “Up to 100,000 DSL modems may lose access to DNS come July the 9th, due to scripted web interface changes made to them by DNSChanger. This and other disturbing details were raised by respected Internet elder Paul Vixie during a presentation at the AusCERT 2012 conference.”


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The Pirate Bay Returns, Anonymous Hater Takes Credit For DDoS

An anonymous reader writes “After being the victim of a massive Distributed Denial of Service (DDoS) attack by an unknown party, The Pirate Bay has returned. An Anonymous traitor who goes by the name AnonNyre has claimed responsibility for the DDoS attack that kept the site offline for days.”


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Who Is Still Using IE6? the UK Government

strawberryshakes writes “The death knell for IE6 was sounded a couple of years ago, but seems like some people just can’t let go. Many UK government departments are still using IE6, which is so old — 11 years old to be exact — it can’t cope with social media — which the government is trying to get its staff to use more to engage with citizens.”


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DreamHammer Wants To Corner the Drone OS Market

nonprofiteer writes “The Pentagon is increasingly transforming the military into an unmanned force, taking soldiers out of harm’s way and replacing them with drones and robots. In 2011, it spent $6 billion on unmanned systems. The problem is that the unmanned systems don’t work well together thanks to contractors building proprietary control systems (to lock government into exclusive relationships and to make extra money). A company called DreamHammer plans to have a solution to this — a universal remote control that could integrate all robots and drones into one control system. It would save money and allow anyone to build apps for drones. ‘DreamHammer CTO Chris Diebner compares it with a smartphone OS — on which drones and features for those drones can be run like apps. Of course, Ballista is doing something on a much larger scale. It means that it takes fewer people to fly more drones and that new features can be rolled out without the need to develop and build a new version of a Predator, for example.’”


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