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BBC News - NatWest online services hit by cyber attack - 0 views

  • ails safe On Friday, a number of customers reported problems getting on to the bank's website, from which they normally access their accounts online. The RBS Group - which includes RBS, NatWest and Ulster Bank - said that NatWest was worst affected by the "deliberate" disruption. "Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today," a spokeswoman for RBS said. "This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack. We have taken the appropriate action to restore the affected websites. At no time was there any risk to customers. We apologise for the inconvenience caused." She stressed that the latest incident was not connected to Monday's IT failure and no customer information was compromised at any time. The incident on Monday also affected cash machines and card payments and prompted an apology from the boss of the RBS group, Ross McEwan. More on This Story Big Banking Latest news EU fines banks over rate-rigging We've kept businesses alive - RBS Cable hands RBS file to watchdog Parties row over Co-op 'smears' JP Morgan in record $13bn settlement Police search home of Paul Flowers Barclays plans to cut 1,700 jobs $render("hyper-related-assets","group-title-1"); Basics Funding for Lending: How does it work? Q&A: Standard Chartered allegations HSBC report: Key findings Q&A: Basel rules on bank capital $render("hyper-related-assets","group-title-2"); Guides and analysis Shock: A banker can live on £1m salary RBS's new boss, Ross McEwan, will not receive any bonus for his first 15 months in the job, and won't pocket any bonus payments till at least 2017. When will banking ever change? Q&A: Banker bonus cap plan What has changed since the crisis? Explaining the Libor scandal Timeline: Libor-fixing scandal $render("hyper-related-assets","group-title-6");
  • Details safe On Friday, a number of customers reported problems getting on to the bank's website, from which they normally access their accounts online. The RBS Group - which includes RBS, NatWest and Ulster Bank - said that NatWest was worst affected by the "deliberate" disruption. "Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today," a spokeswoman for RBS said. "This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack. We have taken the appropriate action to restore the affected websites. At no time was there any risk to customers. We apologise for the inconvenience caused." She stressed that the latest incident was not connected to Monday's IT failure and no customer information was compromised at any time. The incident on Monday also affected cash machines and card payments and prompted an apology from the boss of the RBS group, Ross McEwan. More on This Story Big Banking Latest news EU fines banks over rate-rigging We've kept businesses alive - RBS Cable hands RBS file to watchdog Parties row over Co-op 'smears' JP Morgan in record $13bn settlement Police search home of Paul Flowers Barclays plans to cut 1,700 jobs $render("hyper-related-assets","group-title-1"); Basics Funding for Lending: How does it work? Q&A: Standard Chartered allegations HSBC report: Key findings Q&A: Basel rules on bank capital $render("hyper-related-assets","group-title-2"); Guides and analysis Shock: A banker can live on £1m salary RBS's new boss, Ross McEwan, will not receive any bonus for his first 15 months in the job, and won't pocket any bonus payments till at least 2017. When will banking ever change? Q&A: Banker bonus cap plan What has changed since the crisis? Explaining the Libor scandal Timeline: Libor-fixing scandal $render("hyper-related-assets","group-title-6"); hyper-depth-st
  • 's website, from which they normally access their accounts online. The RBS Group - which includes RBS, NatWest and Ulster Bank - said that NatWest was worst affected by the "deliberate" disruption. "Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today," a spokeswoman for RBS said. "This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack. We have taken the appropriate action to restore the affected websites. At no time was there any risk to customers. We apologise for the inconvenience caused." She stressed that the latest incident was not connected to Monday's IT failure and no customer information was compromised at any time. The incident on Monday also affected cash machines and card payments and prompted an apology from the boss of the RBS group, Ross McEwan. More on This Story Big Banking Latest news EU fines banks over rate-rigging We've kept businesses alive - RBS Cable hands RBS file to watchdog Parties row over Co-op 'smears' JP Morgan in record $13bn settlement Police search home of Paul Flowers Barclays plans to cut 1,700 jobs $render("hyper-related-assets","group-title-1"); Basics Funding for Lending: How does it work? Q&A: Standard Chartered allegations HSBC report: Key findings Q&A: Basel rules on bank capital $render("hyper-related-assets","group-title-2"); Guides and analysis Shock: A banker can live on £1m salary RBS's new boss, Ross McEwan, will not receive any bonus for his first 15 months in the job, and won't pocket any bonus payments till at least 2017. When will banking ever change? Q&A: Banker bonus cap plan What has changed since the crisis? Explaining the Libor scandal Timeline: Libor-fixing scandal $render("hyper-related-assets","group-title-6"); Your Savings
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  • and cash machines. Details safe On Friday, a number of customers reported problems getting on to the bank's website, from which they normally access their accounts online. The RBS Group - which includes RBS, NatWest and Ulster Bank - said that NatWest was worst affected by the "deliberate" disruption. "Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today," a spokeswoman for RBS said. "This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack. We have taken the appropriate action to restore the affected websites. At no time was there any risk to customers. We apologise for the inconvenience caused." She stressed that the latest incident was not connected to Monday's IT failure and no customer information was compromised at any time. The incident on Monday also affected cash machines and card payments and prompted an apology from the boss of the RBS group, Ross McEwan. More on This Story Big Banking Latest news EU fines banks over rate-rigging We've kept businesses alive - RBS Cable hands RBS file to watchdog Parties row over Co-op 'smears' JP Morgan in record $13bn settlement Police search home of Paul Flowers Barclays plans to cut 1,700 jobs $render("hyper-related-assets","group-title-1"); Basics Funding for Lending: How does it work? Q&amp;A: Standard Chartered allegations HSBC report: Key findings Q&amp;A: Basel rules on bank capital $render("hyper-related-assets","group-title-2"); Guides and analysis Shock: A banker can live on £1m salary RBS's new boss, Ross McEwan, will not receive any bonus for his first 15 months in the job, and won't pocket any bonus payments till at least 2017. When will banking ever change? Q&amp;A: Banker bonus cap plan What has changed since the crisis? Explaining the Libor scandal Timeline: Libor-fixing scandal $render("hyper-related-assets","group-title-6"); <h4 cla
  • It came less than a week after a major computer failure left some customers unable to use cards and cash machines.
  • On Friday, a number of customers reported problems getting on to the bank's website
  • Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today,
dr tech

8 Skilled Jobs That May Soon Be Replaced by Robots - 0 views

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    "Unskilled manual laborers have felt the pressure of automation for a long time - but, increasingly, they're not alone. The last few years have been a bonanza of advances in artificial intelligence. As our software gets smarter, it can tackle harder problems, which means white-collar and pink-collar workers are at risk as well. Here are eight jobs expected to be automated (partially or entirely) in the coming decades. Call Center Employees call-center Telemarketing used to happen in a crowded call center, with a group of representatives cold-calling hundreds of prospects every day. Of those, maybe a few dozen could be persuaded to buy the product in question. Today, the idea is largely the same, but the methods are far more efficient. Many of today's telemarketers are not human. In some cases, as you've probably experienced, there's nothing but a recording on the other end of the line. It may prompt you to "press '1' for more information," but nothing you say has any impact on the call - and, usually, that's clear to you. But in other cases, you may get a sales call and have no idea that you're actually speaking to a computer. Everything you say gets an appropriate response - the voice may even laugh. How is that possible? Well, in some cases, there is a human being on the other side, and they're just pressing buttons on a keyboard to walk you through a pre-recorded but highly interactive marketing pitch. It's a more practical version of those funny soundboards that used to be all the rage for prank calls. Using soundboard-assisted calling - regardless of what it says about the state of human interaction - has the potential to make individual call center employees far more productive: in some cases, a single worker will run two or even three calls at the same time. In the not too distant future, computers will be able to man the phones by themselves. At the intersection of big data, artificial intelligence, and advanced
dr tech

NSA intimidation expanding surveillance state: Column - 0 views

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    "There it is. If you run a business, and the FBI or NSA want to turn it into a mass surveillance tool, they believe they can do so, solely on their own initiative. They can force you to modify your system. They can do it all in secret and then force your business to keep that secret. Once they do that, you no longer control that part of your business. You can't shut it down. You can't terminate part of your service. In a very real sense, it is not your business anymore. It is an arm of the vast U.S. surveillance apparatus, and if your interest conflicts with theirs then they win. Your business has been commandeered."
jhendoooo

Biometric data collection for Digital ID of all Bhutanese to commence from January next... - 0 views

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    "Digital Identity (ID) is one of the main results focused under the main Digital Drukyul Flagship Program of Nu 2.557 bn as the fund also covers results such as Institutionalizing e-Patient Information System, creating Digital Schools, Integrating e-business services (business licensing and Single window for trade), Land records, tax information etc. Citing some examples of what benefits people can expect with the completion of the Digital ID Lobzang Jamtsho, Chief ICT Officer, Application Development Division, Department of Technology and Telecom (DITT) under Ministry of Information and Communication (MoIC) said stated, "Currently the online processes are hybrid in nature, where although we communicate or negotiate online, people still need to be physically present to sign a contract or make online transactions." He said that with the use of Digital ID, one can have bank transactions or even sign up contracts remotely to state a few components that the program encapsulates. The paper found that the biggest advantage of the Digital ID of the person is that all the information of the person will be stored and based around the Digital ID of the person. This could be health records, land records, tax records, revenue and bank records, business records, education records, census records etc. The person can use his digital ID to access all this information and also use his ID to complete online procedures to avail services. To protect the privacy of the person access to the information will be compartmentalized and restricted so some tax officials for example cannot access the health records of a person. A key component of digital ID is collecting the biometric details of people like eyes and all finger prints for verification and security."
dr tech

How Google's New Search Preference for Mobile-Friendly Sites Will Affect Smal... - 0 views

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    "The National Small Business Administration found in 2013 that roughly 20 percent of small businesses are lacking a mobile-friendly website, and 18 percent have no web presence at all. Falling further down the search result hierarchy affects both the business itself and the costumers looking for the business."
dr tech

Google launches AI bot to call businesses for you about prices and availability - Tech - 0 views

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    "For people who hate making mundane phone calls, Google has an AI solution. On Thursday, the tech giant announced "Ask for me," an experiment in its Search Labs testing ground for Google Search. The feature uses AI to call local businesses on your behalf and ask about pricing and availability. Currently, the feature works for calling nail salons and local mechanics for an oil change or other standard car maintenance, but according to the options menu, more businesses are coming soon. "
dr tech

Cory Doctorow: What Kind of Bubble is AI? - Locus Online - 0 views

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    "Do the potential paying customers for these large models add up to enough money to keep the servers on? That's the 13 trillion dollar question, and the answer is the difference between WorldCom and Enron, or dotcoms and cryptocurrency. Though I don't have a certain answer to this question, I am skeptical. AI decision support is potentially valuable to practitioners. Accountants might value an AI tool's ability to draft a tax return. Radiologists might value the AI's guess about whether an X-ray suggests a cancerous mass. But with AIs' tendency to "hallucinate" and confabulate, there's an increasing recognition that these AI judgments require a "human in the loop" to carefully review their judgments. In other words, an AI-supported radiologist should spend exactly the same amount of time considering your X-ray, and then see if the AI agrees with their judgment, and, if not, they should take a closer look. AI should make radiology more expensive, in order to make it more accurate. But that's not the AI business model. AI pitchmen are explicit on this score: The purpose of AI, the source of its value, is its capacity to increase productivity, which is to say, it should allow workers to do more, which will allow their bosses to fire some of them, or get each one to do more work in the same time, or both. The entire investor case for AI is "companies will buy our products so they can do more with less." It's not "business custom­ers will buy our products so their products will cost more to make, but will be of higher quality.""
dr tech

What is the metaverse--and what does it mean for business? | McKinsey - 0 views

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    "Cathy Hackl: I think it's important to state that there is really no agreed-upon definition right now. Every morning-it's become a bit of a ritual-I go to the Merriam-Webster dictionary and type in the word metaverse. And every day it says this word is not in the dictionary. But if we needed to define it, I tend to have a pretty expansive view of what the metaverse is. I believe it's a convergence of our physical and digital lives. It's our digital lifestyles, which we've been living on phones or computers, slowly catching up to our physical lives in some way, so that full convergence. It is enabled by many different technologies, like AR [augmented reality] and VR [virtual reality], which are the ones that most people tend to think about. But they're not the only entry points. There's also blockchain, which is a big component, there's 5G, there's edge computing, and many, many other technologies. To me, the metaverse is also about our identity and digital ownership. It's about a new extension of human creativity in some ways. But it's not going to be like one day we're going to wake up and exclaim, "The metaverse is here!" It's going to be an evolution."
dr tech

Microsoft says it would willingly participate in Australia's media code with Bing searc... - 0 views

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    ""The code reasonably attempts to address the bargaining power imbalance between digital platforms and Australian news businesses," he said. Google's search engine not as good as its competitors for news, research finds Read more "It also recognises the important role search plays, not only to consumers but to the thousands of Australian small businesses that rely on search and advertising technology to fund and support their organisations." The code, which is currently before the parliament, would facilitate negotiations between media companies and digital platforms - currently just Facebook and Google - for payment for content. If an agreement cannot be reached, then it goes to an arbiter for resolution."
jhendoooo

» Five airports to test facial recognition technology - 0 views

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    "Thailand continues to embrace advanced technology, announcing that five smaller upcountry airports will pilot a facial recognition system to reduce lines, speed immigration procedures, and increase safety. Should the pilot project prove successful, it would be scaled up nationwide. "Currently, travelers may be required to show their ID cards or passports up to three times in one trip through an airport," said Deputy Transport Minister Thaworn Senneam."
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    "Thailand continues to embrace advanced technology, announcing that five smaller upcountry airports will pilot a facial recognition system to reduce lines, speed immigration procedures, and increase safety. Should the pilot project prove successful, it would be scaled up nationwide. "Currently, travelers may be required to show their ID cards or passports up to three times in one trip through an airport," said Deputy Transport Minister Thaworn Senneam. Officials expect the new system will eliminate the need for immigration police officers to inspect passports. As the number of tourists and business travelers has been steadily increasing over the years, immigration lines at Thailand's major airports have grown longer, causing inconvenience to visitors and inspiring some complaints. The new system will also benefit Thais, as they must also present national identification cards at airports under the current system. Under the new system, travelers "can have their faces scanned just once at check-in counters and then board a plane without the need to show their ID cards, passports or boarding passes," Thaworn said. The five airports that will participate in the pilot project are Krabi and Surat Thani airports in the South, and Udon Thani, Ubon Ratchathani, and Khon Kaen airports in the Northeast. Not all aspects of the system have been ironed out. A panel is being formed to study the new identification system with representatives from the Department of Airports, the Ministry of the Interior, and the Royal Thai Police. They plan to work out synchronize their databases, which store information on Thai and foreign travelers."
dr tech

Business analytics in the age of Big Data | Business analytics in the age of Big Data |... - 0 views

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    "Going from small data analytics to Big Data analytics or to predictive and prescriptive analytics is trickier. Expanding in both dimensions is human capital intensive, requiring talented data scientists. A McKinsey report (2011) estimates that by 2018, there will be a shortage of 140,000 to 190,000 workers with "deep analytical" experience and a further 1.5 million data-literate managers in the US. Technology giants such as Google, Facebook and Amazon, and large investment banks and top hedge funds can afford such employees, however even now the competition is fierce, as is evidenced by the ongoing talent war in Silicon Valley. The data scientist is indeed a sexy job in the 21st century."
dr tech

'Dyre' malware re-surfaces as 'TrickBot', targets Australian banks * The Register - 0 views

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    "Fidelis malware mangler Jason Reaves says the TrickBot malware has strong code similarities to the Dyre trojan, a menace that ripped through Western banks and businesses in the US, the UK, and Australia, inflicting tens of millions of dollars in damages through dozens of separate spam and phishing campaigns since June 2014. Dyre stole some US$5.5 million from budget carrier Ryanair and fleeced individual businesses of up to $1.5 million each in substantial wire transfers using stolen online banking credentials."
dr tech

Social media bosses must invest in guarding global elections against incitement of hate... - 0 views

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    "In the context of ongoing corruption crises, rising anti-migrant rhetoric and anti-human-rights movements, and threats to press freedom, the role of social media companies may seem like a lesser priority, but in fact, it is a crucial part of the picture. People's rights and freedoms offline are being jeopardised by online platforms' current business model, where profit is made from stoking up anger and fear. At the South African human rights organisation where I work, the Legal Resources Centre, we are seeing an escalation of xenophobic violence that is often incited on social media. A recent joint investigation we conducted with international NGO Global Witness showed that Facebook, TikTok and YouTube all failed to enforce their own policies on hate speech and incitement to violence by approving adverts that included calls on the police in South Africa to kill foreigners, referred to non-South African nationals as a "disease", as well as incited violence through "force" against migrants."
dr tech

Social punishment: Opponents of Myanmar's coup are doxing military officers and their f... - 0 views

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    "The campaign's most organized form involves a database set up by anonymous activists that lists targets in the military, their photos, their locations, and how they have offended. Offenders are ranked by "traitor level," from "elite" to "low." Individuals have also taken social punishment into their own hands by creating Facebook groups and viral posts that share the identities of military family members or supporters. For the anti-coup population living abroad, the main objective is to get generals' family members living outside the country deported and their assets frozen. Within Myanmar, the goal is social and economic pressure, with boycotts on businesses and brands, and hopes that social shaming will convince military affiliates to work against their families and support the Civil Disobedience Movement."
dr tech

Homeworking sounds good - until your job takes over your life | John Harris | Opinion |... - 0 views

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    "In September last year, researchers at New York University and Harvard Business School published their analysis of the emails and online meetings of 3.1 million remote workers in such cities as Chicago, New York, London, Tel Aviv and Brussels, in the very early phases of their countries' first lockdowns. They found that the length of the average working day had increased by 8.2%, or nearly 50 minutes, "largely due to writing emails and attending meetings beyond office hours"."
dr tech

AI and the Law: What You Need To Know | by Paul DelSignore | The Generator | Mar, 2023 ... - 0 views

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    "On Mar 16, 2023, The Copyright Office initiated an effort to investigate copyright law and policy concerns related to Generative AI. "This initiative is in direct response to the recent striking advances in generative AI technologies and their rapidly growing use by individuals and businesses. The Copyright Office has received requests from Congress and members of the public, including creators and AI users, to examine the issues raised for copyright, and it is already receiving applications for registration of works including AI-generated content.""
Max van Mesdag

Why Apple Can't Sell Business Laptops - 1 views

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    Apple is slowly becoming a dangerous competitor again Microsoft, but the Windows operating systems still dominate the business world. What does this mean for Apple?
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    Be careful of articles like these as they are really dealing with business but not in terms of the technology or a social and ethical issue. Equality of access for these businesses is only a by product - unlike for something like the OLPC where it was the main issue...
dr tech

We need to rethink social media before it's too late. We've accepted a Faustian bargain... - 0 views

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    "Our social media platforms are powered by a surveillance-based business model designed to mine, manipulate, and extract our human experiences at any cost, causing a breakdown of our information ecosystem and shared sense of truth worldwide. This extractive business model is not built for us but built to exploit us."
dr tech

'Missing from desk': AI webcam raises remote surveillance concerns | Working from home ... - 0 views

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    "Explained by "Anna", a desk-sitting avatar complete with an artificial voice, the video introduces TP Observer as "a risk-mitigation tool that monitors and tracks real time employee behaviour, and detects any violations to pre-set business rules". Anna explains that this means home workers will have an AI-enabled webcam added to their computers that recognises their face, tags their location and scans for "breaches" of rules at random points during a shift."
dr tech

The future is … sending AI avatars to meetings for us, says Zoom boss | Artif... - 0 views

  • ix years away and
  • “five or six years” away, Eric Yuan told The Verge magazine, but he added that the company was working on nearer-term technologies that could bring it closer to reality.“Let’s assume, fast-forward five or six years, that AI is ready,” Yuan said. “AI probably can help for maybe 90% of the work, but in terms of real-time interaction, today, you and I are talking online. So, I can send my digital version, you can send your digital version.”Using AI avatars in this way could free up time for less career-focused choices, Yuan, who also founded Zoom, added. “You and I can have more time to have more in-person interactions, but maybe not for work. Maybe for something else. Why do we need to work five days a week? Down the road, four days or three days. Why not spend more time with your fam
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    "Ultimately, he suggests, each user would have their own "large language model" (LLM), the underlying technology of services such as ChatGPT, which would be trained on their own speech and behaviour patterns, to let them generate extremely personalised responses to queries and requests. Such systems could be a natural progression from AI tools that already exist today. Services such as Gmail can summarise and suggest replies to emails based on previous messages, while Microsoft Teams will transcribe and summarise video conferences, automatically generating a to-do list from the contents."
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