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As In Any War, Companies Must Go on the Cyber Offensive

By |July 25th, 2016|

Read Stewart Baker and Victoria Muth ask whether companies should risk going on a cyber offensive on Brink News : Corporate executives are fed up with the current approach to network security. They’ve been spending more and more on security. Despite that spending, they’re told that they can’t expect to keep intruders out of their networks; the best they can hope for is to lock the intruders out of their most important files, or to keep hackers from exfiltrating all that data. Read their full article here.

Totally Avoidable Causes of Data Breaches

By |July 25th, 2016|

Read about the totally avoidable causes of data breaches according to Stephen McCallister on Diagnostic Imaging : In the last six years, 155 million Americans’ health data was compromised and healthcare became the single most breached industry, according to a recent Brookings Institute report, by Niam Yaraghi. Healthcare data is particularly attractive because it includes information that isn’t easily changed (e.g., Social Security numbers, dates of birth, and home addresses) which is therefore more valuable to identity thieves than other types of data. Read his full article here.

What do the Panama Papers, WordPress & Drupal Share? Critical Exploits Still Unpatched

By |July 21st, 2016|

The extraordinary 'Panama Papers leak' from Law firm Mossack Fonseca that exposed the tax-avoiding efforts by the world's richest and most influential members was initially believed to be the result of an unpatched vulnerability in the popular content management systems: Drupal and WordPress. Now, we are quite sure that the Panama Papers, which implicated 72 current and former heads of state,

Hacking ATM PINs from Smartwatch and Fitness Trackers

By |July 21st, 2016|

As your day-to-day apparel and accessories are turning into networked mobile electronic devices that attach to your body like smartwatch or fitness band, the threat to our personal data these devices collect has risen exponentially. A recent study from Binghamton University also suggests your smartwatch or fitness tracker is not as secure as you think – and it could be used to steal your ATM

The Top 10 Emerging Technologies of 2016

By |July 21st, 2016|

Image courtesy of: Futurism The Top 10 Emerging Technologies of 2016 Sometimes the world is not yet ready for a new technology to enter the fray. Virtual reality, for example, sat on the sidelines for many years. The industry went into hibernation around the time of the Dot Com Bust, and it has only recently re-emerged with promise. It is only today that big companies like Microsoft, Google, Samsung, HTC, and Facebook have the infrastructure, peripheral technologies, and capital in place to properly commercialize the technology. Now, instead of using primitive 300 x 200 pixel LCD displays that were prohibitively expensive in the 90s, we are looking at a world where display will be in beautiful 4k quality. Meanwhile, accelerometers and gyroscopes can measure head movement, and modern computing power can reduce lag and latency. It took many years, but finally the true potential of VR is being realized. Like virtual reality, there are 10 other emerging technologies that are finally ready for prime time. Some, like the recent advances in artificial intelligence, have been decades in the making. Other emerging technologies such as the blockchain are relatively new phenomenons that are also ready for their time in the spotlight. Emerging Technologies of 2016 Nanosensors and the Internet of Nanothings is one of the most exciting areas of science today. Tiny sensors that are circulated in the human body or construction materials will be able to relay information and diagnostics to the outside world. This will have an impact on medicine, architecture, agriculture, and drug manufacturing. Next Generation Batteries are helping to eliminate one of the biggest obstacles with renewable energy, which is energy storage. Though not commercially available yet, this area shows great promise – and it is something we are tracking in our five-part Battery Series. The Blockchain had investment exceeding $1 billion in 2015. The blockchain ecosystem is evolving rapidly and will change the way banking, markets, contracts, and governments work. 2d Materials such as graphene will have an impact in a variety of applications ranging from air and water filters to batteries and wearable technology. Autonomous Vehicles are here, and the potential impact is huge. While there are still a few problems to overcome, driverless cars will save lives, cut pollution, boost economies, and improve the quality of life for people. Organs-on-Chips, which are tiny models of human organs, are making it easier for scientists to test drugs and conduct medical research. Petrovskite Solar Cells are making photovoltaic cells easier to make and more efficient. They also allow cells to be used virtually anywhere. Open AI Ecosystem will allow for smart digital assistants in the cloud that will be able to advise us on finance, health, or even fashion. Optogenetics, or the use of light and color to record activity in the brain, could help lead to better treatment of brain disorders. Systems Metabolic Engineering will allow for building block chemicals to be built with plants more efficiently than can be done with fossil fuels. Original graphic by: Futurism Sponsored Infographics The Money Project Embed This Image On Your Site (copy code below): Courtesy of: Visual Capitalist The post The Top 10 Emerging Technologies of 2016 appeared first on Visual Capitalist.

A Human Poop Bag and 18 Other Crowdfunding Catastrophes

By |July 21st, 2016|

Crowdfunding has been a game-changer for getting new products off the ground. Platforms like Kickstarter or IndieGoGo have allowed aspiring entrepreneurs to get their ideas in front of millions, while generating invaluable amounts of buzz and publicity. Highly successful campaigns include products or proposals such as Ethereum, Oculus Rift, Pebble, or Star Citizen, which have combined to raise hundreds of millions of dollars in new capital. However, because crowdfunding is open to everyone, not every campaign brings home the bacon. In reality, some campaigns are just plain strange or border on being nonsensical in nature. Other ideas just bomb spectacularly. Either the concept has no product-market fit, or the prototype simply doesn’t do what it is supposed to do. Weird Crowdfunding Fails Today’s infographic comes from SSLs, highlighting 19 crowdfunding campaigns that were not destined to change the world in any meaningful capacity. Note: These are all reward-based crowdfunding campaigns. Along the right-hand side of the infographic, it shows the platform used, amount raised, and the fundraising goal. Down the middle, it highlights the most ridiculous reward that was offered to backers, and how many people claimed the reward. Where did some of these projects fall short? What can we learn from them? Some projects such as the Induratus nuclear bunker were destined for failure because they were inherently selfish. The product could have been great, but if it doesn’t benefit the backers, it’s not going to take off. Sadly, the Induratus raised just $1, and as a result the project’s creator is now left very vulnerable to nuclear attacks. The Triton, a set of artificial gills that could allow a user to breathe underwater, had the opposite problem. While the creators behind the project got the hundreds of thousands of dollars of funding they needed, the idea turned out to be scientifically impossible. In fact, the development of similar technology has eluded the world’s top scientists and military contractors for years. The group behind the product was forced to refund backers to the tune of $900,000. Other projects were scientifically viable, while also solving a perceived market need. However, the problem with these products were that they did not serve a large enough market to make sense. The Sauceman’s Satchel is a good example of this. While the creator loved the idea of a “convenient, carry-able, flyable, sauce transport” for camping and travel needs, the market overwhelmingly did not. That’s why it only raised about 40% of its funding goal from 105 backers. Now, the Sauceman Satchel is only serving sauce-lovers in product pitch heaven. Embed This Image On Your Site (copy code below): Courtesy of: Visual Capitalist The post 19 Weird Crowdfunding Campaigns That Failed Spectacularly appeared first on Visual Capitalist.

Heard of IMF Special Drawing Rights? They Just Took Another Step Toward Replacing the Dollar

By |April 15th, 2016|

The IMF’s Special Drawing Rights, the RMB and gold The full article with additional charts and tables is published on GoldMoney.com can be downloaded here. On April 1, 2016, China’s central bank Governor Zhou Xiaochuan announced that the Chinese government will take actions to promote the use of SDRs in its do-mestic economy. The announcement was made at the end of a meeting of the G20 in Paris, which is hosted by China this year. China will start to use both the USD and SDRs when reporting its foreign reserves. In addition, the country will also consider issuing bonds denominated in SDRs. This comes five month after the International Monetary Fund (IMF) decided to include the Chinese Renminbi as a fifth currency to the basket of Special Drawing Rights (SDR) along with the U.S. dollar, the Euro, the Japanese yen and the British pound. The change takes effect on October 1, 2016. This marks the first major change of the constituents of the basket since 1981 when the IMF dropped 11 out..

Deutsche Confesses To Rigging Gold/Siler Prices, Drops Dime On Cartel

By |April 15th, 2016|

Well, that didn't take long. Earlier today when we reported the stunning news that DB has decided to "turn" against the precious metals manipulation cartel by first settling a long-running silver price fixing lawsuit which in addition to "valuable monetary consideration" said it would expose the other banks' rigging having also "agreed to provide cooperation to plaintiffs, including the production of instant messages, and other electronic communications, as part of the settlement" we said "since this is just one of many lawsuits filed over the past two years in Manhattan federal court in which investors accused banks of conspiring to rig rates or prices in financial and commodities markets, we expect that now that DB has "turned" that much more curious information about precious metals rigging will emerge, and will confirm what the "bugs" had said all along: that the precious metals market has been rigged all along." This was confirmed moments ago when Reuters reported that..

State of Confusion Books Fight of the Century: Inflation vs. Deflation

By |April 8th, 2016|

Tags A A Home | Feed | Blog.rssU.S. EconomyU.S. HistoryInterventionismHazlitt, 1946: Inflation, Deflation, Confusion 0 Views In the last two years left-wingers have been fond of referring to private enterprise as a “boom-bust” economy; OPA officials have contended that only price fixing can prevent a repetition of the 1920–21 boom and collapse, and British statesmen have insisted that their new “democratic socialism” will work beautifully if only mercurial America doesn’t crack again and drag the rest of the world down with it. Small wonder that so many people now ask each other whether the recent slump in the stock market does not at last foreshadow this longpredicted business setback. The question is not easy to answer, because the American economy has now become the football of political policies and counterpolicies that are not inherent in it but essentially external. These conflicting political policies are on the one hand those tending to create inflation, and on the other th..

Why Bank Of America’s CIO and HNW Clients Are Selling “Risk” Like Crazy

By |April 8th, 2016|

It is not only BofA's "smart money" clients who have been selling the rally non-stop (and at an accelerating pace) for the past 10 weeks: so has the bank's chief investment strategist, Michael Hartnett, whose reluctance to embrace the mania has been duly documented on these pages.Below we lay out the reasons why he "remains a seller of risk." From his latest summary note: Positioning...Sell Signal: our Global Flows Trading Rule triggered “sell” almost 4 weeks ago; note BofAML Bull & Bear Index now at 4.1 = 9-month high = most bullish sentiment since Jun’15; Watch Cash level in next Tuesday’s April BofAML Fund Manager Survey (Feb = 5.6% “unambiguous buy signal”, March = 5.1%, April < 4.8% (3yr avg) would be risk-negative). Positioning…US$ Bull Unwind: Fed-induced pullback in US$ continues to cause unwind of 2015 inflows into "strong-dollar” markets…Japan equity redemptions have lagged European equity redemptions (Charts 5 & 6). Policy…Quantitative Failure: a. Fed pol..