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anonymous

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

www.bbc.co.uk/...business-25262790

ITGS

shared by anonymous on 07 Dec 13 - No Cached
  • 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
  • ...4 more annotations...
  • 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

AI bot capable of insider trading and lying, say researchers - BBC News - 0 views

www.bbc.com/...technology-67302788

ITGS DS trading bot ai illegal business and employment

shared by dr tech on 07 Nov 23 - No Cached
  • dr tech on 07 Nov 23
     
    "Artificial Intelligence has the ability to perform illegal financial trades and cover it up, new research suggests. In a demonstration at the UK's AI safety summit, a bot used made-up insider information to make an "illegal" purchase of stocks without telling the firm. When asked if it had used insider trading, it denied the fact. Insider trading refers to when confidential company information is used to make trading decisions. Firms and individuals are only allowed to use publicly-available information when buying or selling stocks. "
dr tech

Bank of England investigating dramatic overnight fall in pound | Business | The Guardian - 0 views

www.theguardian.com/...n-trading-and-no-one-knows-why

ITGS pound exchange businessandemployment reliability peopleandmachines ai

shared by dr tech on 08 Oct 16 - Cached
  • dr tech on 08 Oct 16
     
    "The Bank of England has previously highlighted the impact of trading algorithms. "Some markets appear to have become more fragile, as evidenced by episodes of short-term volatility and illiquidity over the past couple of years," Threadneedle Street said last December, warning of a move towards "fast, electronic trading." "
dr tech

Stock Markets Had a Rough Second Yesterday - Bloomberg View - 0 views

www.bloombergview.com/...s-had-a-rough-second-yesterday

ITGS stock markets ai reliability

shared by dr tech on 17 May 14 - No Cached
  • dr tech on 17 May 14
     
    "high-frequency trading that you hear a lot is that it destabilizes markets, because all the computers trading with each other don't have the common sense famously possessed by stock exchange floor traders, and so they sometimes do dumb stuff like sell stock for a penny or buy it for $99,999.99, and then later when you yell at them they just point to their algorithms and shrug. "
dr tech

What Does Privacy Really Mean Under Surveillance Capitalism? | Literary Hub - 0 views

lithub.com/-under-surveillance-capitalism

ITGS privacy and anonymity surveillance capitalism data business and employment

shared by dr tech on 26 Sep 20 - No Cached
  • dr tech on 26 Sep 20
     
    "The internet is primarily funded by the collection, analysis, and trade of data-the data economy. Much of that data is personal data-data about you. The trading of personal data as a business model is increasingly being exported to all institutions in society-the surveillance society, or surveillance capitalism."
dr tech

Inside Robinhood, the free trading app at the heart of the GameStop mania - CNN - 0 views

edition.cnn.com/...index.html

ITGS robinhood app smartphone business and employment

shared by dr tech on 06 Feb 21 - No Cached
  • dr tech on 06 Feb 21
     
    "Robinhood's free-trading revolution helped pave the way to the recent Reddit mayhem on Wall Street. The rise of Robinhood means that the ability to buy stocks, on a whim, is now at everyone's fingertips. Robinhood has opened investing up to the masses. Rival online brokerages were forced to mimic Robinhood's zero-commission business model, and some joined forces just to survive. "
dr tech

Human Vs. Robot: Bricklaying Robot Can Place 1,000 Bricks an Hour - Singularity HUB - 0 views

singularityhub.com/...-can-place-1000-bricks-an-hour

ITGS human robot singularity bricklayer people and machines

shared by dr tech on 30 Jun 15 - No Cached
  • dr tech on 30 Jun 15
     
    ""We have absolutely nothing against bricklayers," Pivac says. "The problem is the average age of bricklayers is going up and it's difficult to attract new young people to the trade." There's a debate on about the future of automation-what it means that machines may be able to match humans at virtually any task. For now, robots are nowhere near that advanced."
dr tech

The Debate Around Data Privacy is Missing The Point - 0 views

towardsdatascience.com/missing-the-point-1fcdc4effa40

ITGS privacy policies ethics morals sharing

shared by dr tech on 11 Feb 20 - No Cached
  • dr tech on 11 Feb 20
     
    "As we move towards this collective humanity mindset, the idea of withholding data to make ourselves feel safer becomes a moral conundrum. If our value is most derived from the data we create for AI to process and discover insights, to withhold that means we are detracting value from the whole, that we are committing something morally wrong. We're exchanging data privacy for a different kind of privacy and astonishing growth, which seems to me a pretty fair trade."
dr tech

Using Big Tech to tackle coronavirus risks swapping one lockdown for another | Adam Smi... - 0 views

www.theguardian.com/...pping-one-lockdown-for-another

ITGS privacy and anonymity covid-19 control politics and government

shared by dr tech on 23 Apr 20 - No Cached
  • dr tech on 23 Apr 20
     
    "At a time when science fiction and reality feel as if they are collapsing in on each other, we must resist the temptations of Big Brother; we would just be trading one kind of lockdown for another."
dr tech

Computer says no: why making AIs fair, accountable and transparent is crucial | Science... - 0 views

www.theguardian.com/...ble-and-transparent-is-crucial

ITGS ai algorithm reliability bias

shared by dr tech on 05 Nov 17 - No Cached
  • dr tech on 05 Nov 17
     
    "In October, American teachers prevailed in a lawsuit with their school district over a computer program that assessed their performance. The system rated teachers in Houston by comparing their students' test scores against state averages. Those with high ratings won praise and even bonuses. Those who fared poorly faced the sack. The program did not please everyone. Some teachers felt that the system marked them down without good reason. But they had no way of checking if the program was fair or faulty: the company that built the software, the SAS Institute, regards its algorithm a trade secret and would not disclose its workings."
dr tech

The Coming Software Apocalypse - The Atlantic - 0 views

www.theatlantic.com/...540393

ITGS software bug programmer

shared by dr tech on 30 Sep 17 - No Cached
  • dr tech on 30 Sep 17
     
    "It's been said that software is "eating the world." More and more, critical systems that were once controlled mechanically, or by people, are coming to depend on code. This was perhaps never clearer than in the summer of 2015, when on a single day, United Airlines grounded its fleet because of a problem with its departure-management system; trading was suspended on the New York Stock Exchange after an upgrade; the front page of The Wall Street Journal's website crashed; and Seattle's 911 system went down again, this time because a different router failed. The simultaneous failure of so many software systems smelled at first of a coordinated cyberattack"
dr tech

Non-fungible tokens are revolutionising the art world - and art theft | Techn... - 0 views

www.theguardian.com/...evolutionising-art-world-theft

ITGS art NFT intellectual property bitcoin policies and standards theft

shared by dr tech on 13 Mar 21 - No Cached
  • dr tech on 13 Mar 21
     
    "Simon Stålenhag, the Swedish illustrator whose Tales from the Loop has become an Amazon Prime original, is one. On Wednesday, he found that one of his artworks had been turned into a "MarbleCard", a type of NFT that allows users to make and trade tokens representing web pages. "I guess we must do a daily google if we've been NFT:d from now on," he said. "Thanks Silicon Valley!""
dr tech

Germany seizes US$60 million of bitcoin - now, where's the password? - CNA - 0 views

www.channelnewsasia.com/...-where-s-the-password-14120168

ITGS bitcoin password security

shared by dr tech on 06 Feb 21 - No Cached
  • dr tech on 06 Feb 21
     
    "Bitcoin is stored on software known as a digital wallet that is secured through encryption. A password is used as a decryption key to open the wallet and access the bitcoin. When a password is lost the user cannot open the wallet. The fraudster had been sentenced to more than two years in jail for covertly installing software on other computers to harness their power to "mine" or produce bitcoin. When he went behind bars, his bitcoin stash would have been worth a fraction of the current value. The price of bitcoin has surged over the past year, hitting a record high of US$42,000 in January. It was trading at US$37,577 on Friday, according to cryptocurrency and blockchain website Coindesk."
dr tech

Algorithms associating appearance and criminality have a dark past | Aeon Ideas - 0 views

aeon.co/...d-criminality-have-a-dark-past

ITGS politics and government algorithms facial recognition bias

shared by dr tech on 16 May 20 - No Cached
  • dr tech on 16 May 20
     
    "However, the recent study's seemingly high-tech attempt to pick out facial features associated with criminality borrows directly from the 'photographic composite method' developed by the Victorian jack-of-all-trades Francis Galton - which involved overlaying the faces of multiple people in a certain category to find the features indicative of qualities like health, disease, beauty and criminality."
dr tech

Investigation into TikTok as risk to U.S. children's privacy urged by 4 U.S. senators /... - 0 views

boingboing.net/...tigation-into-tiktok-as-r.html

ITGS politics and government TikTok social media privacy anonymity

shared by dr tech on 30 May 20 - No Cached
  • dr tech on 30 May 20
     
    "Four U.S. senators today urged the Federal Trade Commission to investigate claims that the very popular video app TikTok, which is owned by a company tied to China's military and government, violated a consent decree to protect children's privacy."
jhendoooo

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

thebhutanese.bt/ommence-from-january-next-year

ITGS bhutan data collection digital ID

shared by jhendoooo on 09 Sep 21 - No Cached
  • jhendoooo on 09 Sep 21
     
    "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

Why is the English spelling system so weird and inconsistent? | Aeon Essays - 0 views

aeon.co/...stem-so-weird-and-inconsistent

ITGS technology printing press people and machines english

shared by dr tech on 07 Aug 21 - No Cached
  • dr tech on 07 Aug 21
     
    "Some standards did spread and crystallise over time, as more books were printed and literacy rates climbed. The printing profession played a key role in these emergent norms. Printing houses developed habits for spelling frequent words, often based on what made setting type more efficient. In a manuscript, hadde might be replaced with had; thankefull with thankful. When it came to spelling, the primary objective wasn't to faithfully represent the author's spelling, nor to uphold some standard idea of 'correct' English - it was to produce texts that people could read and, more importantly, that they would buy. Habits and tricks became standards, as typesetters learned their trade by apprenticing to other typesetters. They then often moved around as journeymen workers, which entailed dispersing their own habits or picking up those of the printing houses they worked in."
dr tech

Going to e-waste: Australia's recycling failures and the challenge of solar | Waste | T... - 0 views

www.theguardian.com/...res-and-the-challenge-of-solar

ITGS e-waste recycling hardware people and machines sustainability

shared by dr tech on 23 Aug 21 - No Cached
  • dr tech on 23 Aug 21
     
    "The long-running issues of traceability, transparency and enforcement were colourfully illustrated in September 2017 when a group of investigators from the Basel Action Network (BAN) - a non-for-profit group that monitors compliance with the 1989 United Nations Basel Convention on the trade of hazardous wastes - attempted to learn where exactly Australia's e-waste was going. The group fitted 35 old CRT televisions, LED monitors and printers with GPS devices of a special make. Out of this sample the team quickly focused on the fate of three LCD screens dropped at Officeworks storefronts around the Brisbane metro area. Hayley Palmer, BAN's chief operating officer, was on the team that followed where they went afterwards. As the signals left the country, Palmer, her nine-month-old and a colleague tracked the monitors to a warehouse in Hong Kong and then on to an illegal dump-yard in a rural part of Thailand where they talked their way inside."
dr tech

Amazon to pay $25m over child privacy violations - BBC News - 0 views

www-bbc-co-uk.cdn.ampproject.org/...technology-65772154.amp

ITGS DS voice assistant home google alexa security data privacy and anonymity

shared by dr tech on 21 Jun 23 - No Cached
  • dr tech on 21 Jun 23
     
    "Amazon is to pay $25m (£20m) to settle allegations that it violated children's privacy rights with its Alexa voice assistant. The company agreed to pay the US Federal Trade Commission (FTC) after it was accused of failing to delete Alexa recordings at the request of parents. It was found to have kept hold of sensitive data for years. Amazon's doorbell camera unit Ring will also pay out after giving employees unrestricted access to customers' data."
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