News Posts Archives - Page 79 of 129

China’s PICC gets approval to set up online payment firm

April 20, 2015 admin 32-3-million, 400-million, bengaluru, central, central-bank, china, customers-buy, diego, equity-stake, get-approval, million-yuan, notice, regulatory, said-on-monday

A unit of People’s Insurance Company of China Co (PICC), one of China’s biggest insurers, has received regulatory approval to set up a third-party payment firm, challenging banks for control of the crucial market. The China Insurance Regulatory Commission said on Monday it granted PICC Life Insurance Co permission to invest 200 million yuan ($32.3 million) to establish a wholly-owned subsidiary, Beijing Baofutong Ltd, according to an online notice posted by the insurance regulator. The PICC unit still requires to get approval from the central bank and comply with legal procedures to set up a third-party payment service, the notice said.

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DigitalGlobe unveils new tools for troops, others to use imagery

April 19, 2015 admin 32-3-million, customers-buy, data, globe-chief, other-portable, relief-workers, said-on-monday, social-media

By Andrea Shalal COLORADO SPRINGS, Colo. (Reuters) – DigitalGlobe Inc this week unveiled new Web-based tools that could help military troops, relief workers and others use its high-resolution satellite images, social media feeds and other data without needing massive bandwidth. The tools, which are in beta-testing now, give users access to complex data processing done in the cloud, including rapid analysis about everything from helicopter and paratrooper landing sites to social media usage in a specific area

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Indonesia’s Lippo appoints banks for initial $200 million e-commerce funding

April 19, 2015 creative 200-million, customers-buy, launch-payment, monday-lippo, nascent, online, other-portable, relief-workers, rothschild, the-nascent

Indonesian conglomerate Lippo Group has appointed Credit Suisse and Bank of America Merrill Lynch to lead its first round of funding, worth $200 million, for its e-commerce push.

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Israeli military networks breached by hackers: researchers

April 18, 2015 creative arabic-speaking, available-tools, israel-defense, israeli, middle-east, researchers, san, the-researchers, trojan, waylon-grange

By Joseph Menn SAN FRANCISCO (Reuters) – Hackers have managed to penetrate computer networks associated with the Israeli military in an espionage campaign that skillfully packages existing attack software with trick emails, according to security researchers at Blue Coat Systems Inc. The four-month-old effort, most likely by Arabic-speaking programmers, shows how the Middle East continues to be a hotbed for cyber espionage and how widely the ability to carry off such attacks has spread, the researchers said. Waylon Grange, a researcher with the Blue Coat [PRJCBB.UL] who discovered the campaign, said the vast majority of the hackers' software was cobbled together from widely available tools, such as the remote-access Trojan called Poison Ivy.

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Denver teacher’s third grade assignment goes viral online

April 17, 2015 admin asked-the-eight, assignment, israel-defense, middle-east, part-because, said-on-friday, suburban-girl, the-researchers, waylon-grange

By Keith Coffman DENVER (Reuters) – A Colorado teacher who posted notes from her third grade class online and started a social media whirlwind under the hashtag #IWishMyTeacherKnew said on Friday the assignment had been a revelation for her. Kyle Schwartz, 26, asked the eight- and nine-year-olds at her Denver inner city school to write down something they wished she knew about them, partly as a writing exercise, and partly as a way for her to learn about her pupils. Schwartz, a self-described suburban girl who has taught at southwest Denver’s Doull Elementary for three years, said she has conducted the exercise each year, in part because she wanted to underline the issue of poverty in U.S

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GM counting on high-speed Internet services in car to drive profits

April 17, 2015 creative asked-the-eight, assignment, chasing-digital, general-motors, in-car-systems, logo-outside, middle-east, number-on-their, reap-at-least, renaissance, said-on-friday, suburban-girl, the-researchers, upgrades-pushed, waylon-grange

Now, as the company prepares to expand the technology to most of its 2016 U.S. models, GM is lifting the curtain on its digital business strategy

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EU to investigate transparency of Internet search results: document

April 17, 2015 admin asked-the-eight, display-search, european, european-union, flags-flutter, general-motors, internet, involving-paid, julia-fioretti, logo-outside, reap-at-least, said-on-friday, suburban-girl, such-as-google, the-information

By Julia Fioretti BRUSSELS (Reuters) – Internet platforms such as Google, Microsoft and Yahoo! will be the subject of a widespread inquiry by European regulators to determine whether they are transparent enough in how they display search results. In a draft of the Commission's strategy for creating a digital single market, seen by Reuters, it says it will “carry out a comprehensive investigation and consultation on the role of platforms, including the growth of the sharing economy.” The investigation, expected to be carried out next year, will look into the transparency of search results – involving paid for links and advertisements – and how platforms use the information they acquire

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Cyberbullying is avenged by a digital ghost in horror ‘Unfriended’

April 17, 2015 admin biggest, coerce-secrets, display-search, from-the-safety, internet, logo-outside, reap-at-least, the-anniversary

“Unfriended,” out in U.S. theaters on Friday, follows six high school students gathering on the video conferencing platform Skype on the anniversary of the suicide of a fellow student, who killed herself after an embarrassing video of her was posted online. Filmed entirely as if the events are unfolding on a computer screen, a mysterious entity joins the group’s Skype conversation and begins to coerce secrets out of each friend, before exacting gory revenge one by one, as the others watch in horror.

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Europol Director: hackers target banks, not customers

April 17, 2015 publisher conference-on-cyber, creasingly-the-main, customers, customers-buy, cyber-security, europol, friday, launch-payment, online, online-thieves, relief-workers, rothschild, sterling, the-main, their-customers

By Toby Sterling THE HAGUE (Reuters) – Banks, rather than their customers, are increasingly the main target of online thieves, Europol director Rob Wainwright said on Friday in an interview. “That has been an important change,” Wainwright told Reuters after a conference on cyber security in The Hague.

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Sony Pictures condemns Wikileaks release of documents from hackers

April 16, 2015 publisher 287-documents, attack-on-sony, culver, massive-cyber, media, online, pictures, private, stolen-employee, will-continue

Sony Corp's Sony Pictures Entertainment objected to the online release by WikiLeaks on Thursday of a searchable database of more than 30,000 documents that were obtained by hackers in a massive cyber attack last year. “The cyber-attack on Sony Pictures was a malicious criminal act, and we strongly condemn the indexing of stolen employee and other private and privileged information on WikiLeaks,” the company said in a statement