Business

Hackers text ATMs for cash using Windows XP flaws

Business, Cyber Security
Summary: With the end of Windows XP support looming, ATMs worldwide are left vulnerable -- and cyberattackers are taking advantage of the fact. Despite early warnings, pleading and even financial lures to upgrade systems from the Windows XP operating system, many of our core services are still running on the soon to be retired system. It's not just our grandparents that stick stubbornly to Windows XP, which is due for an end-of-life and support retirement on April 8 this year. According to Symantec researchers, the banking industry is likely to be affected on this date, as 95 percent of our ATMs -- computer systems that control access to funds -- are still running on the archaic system. Microsoft has already warned users that they risk "zero day forever" scenarios if they fail to ...

WhatsApp: Facebook’s Weapon for Taking on the Telcos

Business
If you had any doubt about Facebook's and Google's intentions for the next five years, Facebook's WhatsApp acquisition makes it clear: These Silicon Valley giants have no intention of remaining dependent on the caprices of the telcos. In fact, we're seeing the battle lines being drawn on what will be an epic business battle between telecommunications companies, which have controlled the Internet's infrastructure for decades; and so-called "content" companies like Facebook and Google, which have been using that infrastructure to deliver their services to consumers. Facebook was not willing to pay a record $19 billion for WhatsApp just because it's a Twitter competitor, an SMS alternative, or a way to attract customers among youth in non-U.S. countries -- though those are all significant. ...

Microsoft leaks Windows 8.1 update early

Business, Internet
The Windows 8.1 update has leaked early, according to reports. Installing the update isn't straightforward and not recommended, though. The rumored Windows 8.1 update is here -- sort of. The official update isn't expected until April 8, but numerous reports on Thursday are claiming that by jumping through a few hoops, it can be installed. But it's not recommended. One method that reportedly works involves making changes to the Windows registry, a dicey undertaking if you don't know what you're doing. "We wouldn't be surprise if Microsoft blocks this workaround very quickly," Neowin surmised. Here's how the Verge describes the leak. "A series of patches are required to obtain the full update, but once installed the new desktop-friendly features are enabled...The update can be...

Flexcoin The Bitcoin Bank Shuts Down After a 896 Bitcoins bust

Business, Cyber Security, Internet
Another Bitcoin site has gone bust, Flexcoin which called itself the Bitcoin bank is out of business. They posted this on their website: Flexcoin is shutting down. On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet. The attacker made off with 896 BTC, dividing them into these two addresses: 1NDkevapt4SWYFEmquCDBSf7DLMTNVggdu 1QFcC5JitGwpFKqRDd9QNH3eGN56dCNgy6 As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately. Users who put their coins into cold storage will be contacted by Flexcoin and asked to verify their identity. Once identified, cold storage coins will be transferred out free of charge. Cold storage coins were held offline and not within reach of the attacker. ...

Forget About Windows 8, Insiders Say Microsoft’s Real Money Maker Is Broken

Business
It's not a surprise that Microsoft's new CEO, Satya Nadella, is already shaking up the company and moving key people around. While a lot of attention is being paid to how he'll fix Windows 8, sources in Microsoft's legendary sales force tell us their division needs attention too. One source even suggested that Nadella may need to replace the man in charge of the salesforce, COO Kevin Turner. "The sales model at Microsoft is broken. It has been for years," a long-term member of the Microsoft sales force told Business Insider. "Ultimately, I think it will require a leadership change for Satya to even have influence on sales strategy. I like Kevin Turner quite a bit, but I’m not sure that his experience will translate to the services world." Microsoft makes much of its money s