Clicking Flash Update on the Equifax Site Results in Adware

In the wake of May’s Equifax website breach that reportedly involved personal data of 145.5 million U.S. consumers, the credit reporting service’s site was manipulated again this week. On Wednesday, and again on Thursday, fraudulent Adobe Flash updates appeared that infected computers with adware when clicked. Only three of 65 antivirus providers detected the adware. Security analyst Randy Abrams discovered the issue while investigating false information that had appeared on his credit report. Meanwhile. federal legislators have introduced a new cybersecurity bill to help protect consumers. Continue reading Clicking Flash Update on the Equifax Site Results in Adware

Americans Spend Half of Their Media Day Consuming Digital

According to new data from eMarketer, the average U.S. adult is expected to spend two more minutes each day consuming media than the average time per day last year, up two hours from a decade ago. The researcher estimates that adult consumers will average 12 hours and 1 minute per day with major media this year. This increase, not surprisingly, reflects a continued shift in consumer behavior toward multitasking, thanks in large part to mobile tech. The average American still spends the most time watching television (nearly four hours per day), while mobile continues its ascent (currently at three hours and 17 minutes per day). Continue reading Americans Spend Half of Their Media Day Consuming Digital

CCleaner Malware Is Linked to Attack Against 20 Tech Firms

Security companies Morphisec and Cisco reported the extent of the damage caused by a malware attack on security software CCleaner. Experts say that the software, distributed by Czech company Avast, was targeted not simply to disrupt as many computers as possible, but to conduct espionage. Hackers penetrated the software and added a backdoor, ultimately installing malware on more than 700,000 computers. But hackers also sought to find computers among those infected that resided in networks of 20 leading tech firms. Continue reading CCleaner Malware Is Linked to Attack Against 20 Tech Firms

Toshiba Is Accepting Bids for its Profitable Memory-Chip Unit

Toshiba announced that it is selling its memory-chip business, a major supplier to some of the world’s top CE manufacturers, and expects to reach an agreement by the end of the month. Leading the race is a group including private-equity firm Bain Capital and tech companies such as Apple, Dell, Seagate, SK Hynix and Innovation Network Corp. of Japan. Insiders indicate the bid values Toshiba’s chip business at $19 billion. Apple and Dell aim to keep the Toshiba unit as a viable supplier, while hoping it remains competitive with flash memory-chip leader Samsung. Continue reading Toshiba Is Accepting Bids for its Profitable Memory-Chip Unit

Ransomware: Hackers Extort $1 Million From One Company

In the largest ransomware payout to date, South Korean web provider Nayana has agreed to pay $1 million to hackers who originally demanded 550 Bitcoins, about $1.62 million. Following negotiations, Nayana has agreed to pay $1 million in three installments. The ransomware, identified as Erebus by cybersecurity firm Trend Micro, impacted 153 Linux servers and more than 3,400 websites hosted by Nayana. “This is the single largest-known payout for a ransomware attack, and it was an attack on one company,” reports CNET. “For comparison, the WannaCry ransomware attacked 200,000 computers across 150 countries, and has only pooled $127,142 in Bitcoins since it surfaced.” Continue reading Ransomware: Hackers Extort $1 Million From One Company

PwC Forecast Points to Growth in Gaming, VR and eSports

Consulting firm PwC predicts a 6.3 percent compound annual growth rate for console video games over the next five years in the U.S., with revenue increasing from $21 billion in 2016 to $28.5 billion in 2021. “That doesn’t include PC games microtransaction revenue, which is expected to grow from $3 billion in 2016 to $4.2 billion in 2021,” reports VentureBeat. PwC also predicts social and casual games will surpass console games this year. Meanwhile, the PwC forecast points to significantly faster growth rates for virtual reality and eSports in the U.S. Continue reading PwC Forecast Points to Growth in Gaming, VR and eSports

Apple Expected to Debut Laptop Upgrades at June Conference

With a plan to unveil upgrades to three laptops at its annual WWDC conference in June, Apple hopes to boost sagging iPad sales and push back against rival Microsoft. Among the upgrades, the MacBook Pro will get a faster Intel Kaby Lake processor; the 12-inch MacBook will get a faster Intel chip; and the aging 13-inch MacBook Air, which still enjoys robust sales, may get a new processor. The Mac laptops are responsible for 11 percent of Apple’s $216 billion in annual sales, whereas the iPhone accounts for two-thirds of sales. Continue reading Apple Expected to Debut Laptop Upgrades at June Conference

Enterprise Security Provider CrowdStrike Raises $100 Million

Digital security provider CrowdStrike, which recently helped the Democratic National Committee respond to its hacking, has raised $100 million in new capital, bringing its total fundraising to $256 million and value close to $1 billion. The Irvine, California-based tech company, founded by two former McAfee execs in 2011, provides SaaS endpoint protection, threat intelligence and incident response through its cloud-based Falcon platform. CrowdStrike now has more than 650 employees worldwide. The company’s subscriptions have grown 476 percent in the last year as cybersecurity becomes a growing concern. Continue reading Enterprise Security Provider CrowdStrike Raises $100 Million

Milestone: Apple Is First Company to Top $800 Billion Value

Apple became the first U.S. company to cross the $800 billion barrier in market capitalization when it reached $802.72 billion yesterday (on Monday it reached $801.37 billion but dropped below $800 billion by the close). The company reached $600 billion in 2012 and $700 billion in 2015. “Google parent Alphabet Inc. is currently in second place at $658.60 billion, according to FactSet,” reports MarketWatch. “Microsoft Corp. is third, nearly $270 billion behind Apple at $533.02 billion.” Amazon.com is presently holding at $455.42 billion. Investors are optimistic about Apple’s plans to launch three new iPhones later this year to celebrate the product’s 10-year anniversary. Continue reading Milestone: Apple Is First Company to Top $800 Billion Value

NAB 2017: ETC Examines Impact of Machine Learning and AI

In an ETC conference at NAB 2017 on machine learning and artificial intelligence, Yves Bergquist, ETC project director of data and analytics, moderated a panel discussion on the opportunities, challenges and pitfalls of machine learning in today’s media and entertainment environment. The group, which included executives with HGST Western Digital, Anvato/Google Cloud and TiVo, also looked into issues of security, human interaction and the impact of automation on human employees. Continue reading NAB 2017: ETC Examines Impact of Machine Learning and AI

NAB 2017: Parks Associates Study Finds That TV Is Still King

Parks Associates debuted a report looking at trends in OTT, focusing on 2010 through 2016. Senior research analyst Glenn Hower stated that TV remains the top viewing platform by hours of video watched in U.S. households. “Yes, people do watch video on lots of devices,” said Hower. “But it hasn’t cannibalized TV.” Among those devices, viewing on computers has leveled out, whereas mobile phones and tablets have seen modest increases, but low overall viewership, which means people are watching a lot of short form content.” Continue reading NAB 2017: Parks Associates Study Finds That TV Is Still King

Bringing Modular Sets and Physical Objects to VR Experiences

Virtual reality startup Nomadic is integrating real-world physical objects, such as a flashlight, into its VR experiences. Among the other physical objects are leaky pipes that let off real hot air, a file cabinet that has to be opened to retrieve a real gun replica, and a virtual door with a real doorknob. The idea, according to Nomadic chief executive Doug Griffin, is that such real objects can add a feeling of magic to virtual reality. The company demonstrates these capabilities with an Oculus Rift VR headset. Continue reading Bringing Modular Sets and Physical Objects to VR Experiences

Intel Acquires Mobileye in Effort to Develop ‘Server on Wheels’

Intel is paying $15.3 billion for Mobileye, an Israeli tech supplier that makes sensors and cameras for driverless vehicles. “You can think of the car as a server on wheels,” said Intel chief Brian Krzanich. “The average autonomous car will throw out four terabytes of data a day, so this is one of the most important markets and one of the fastest-growing markets.” The market sector is currently dominated by companies such as Google and Uber that have developed test vehicles, initiated trials in various cities, and signed partnerships with major automakers such as Chrysler and Volvo. Consulting firm Bain & Company forecasts the autonomous vehicle sector will be worth $25 billion annually by 2025. Continue reading Intel Acquires Mobileye in Effort to Develop ‘Server on Wheels’

WikiLeaks Claims of CIA Hacking Could Impact Tech Industry

WikiLeaks released thousands of documents yesterday that it claims detail methods used by the CIA “to break into smartphones, computers and even Internet-connected televisions,” reports The New York Times. According to WikiLeaks, the CIA and allied intelligence services bypassed encryption on messaging services including Signal, Telegram and WhatsApp. WikiLeaks also suggests that agencies can collect audio and messaging data from Android phones “before encryption is applied.” The Wall Street Journal notes that such activities, if actually taking place with consumer electronics, could fuel tensions between intelligence agencies and the tech industry, which has been concerned about customer privacy. Mobile devices are a major concern; NYT published an article detailing potential smartphone vulnerabilities. Continue reading WikiLeaks Claims of CIA Hacking Could Impact Tech Industry

Japan Display Plans to Introduce Flexible LCD Screens in 2018

Apple supplier Japan Display Inc. announced it plans to provide flexible LCD panels next year as part of an effort to take on its South Korean competitors. Samsung introduced the angled display for its Galaxy Edge series in 2014 using OLED tech. Rival LCDs were limited due to their glass layer, “which is why the LCD screens on Apple’s iPhone series — some made by Japan Display — are flat,” reports The Wall Street Journal. “Japan Display’s new LCD uses plastic instead of glass. While not as flexible as OLED screens, Japan Display’s chief operating officer, Shuji Aruga, said it is flexible enough to be used in Galaxy Edge-type designs.” Continue reading Japan Display Plans to Introduce Flexible LCD Screens in 2018

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