Group items tagged

Facebook may have downplayed it in the face of the general public but its IPO filing has now included a caution regarding Yahoo's lawsuit. And because the litigation battle can have a major impact on its business, Facebook warns investors of the possibility of an unfavorable result.   Also in the new filing, Facebook emphasized that it could be in jeopardy if the many lawsuits filed against them all turn up to be unfavorable. It also noted that the class action cases against the company are all claiming huge monetary damages even though the actual harm done, if proven, is hardly considerable.   In a statement from Facebook, it says that it's too early for the litigation stage to show what will be the result so everything is still not certain. In addition, if it will come to an unfavorable result, Facebook admitted that the impact would be "material" to their finances, operations and overall business.   According to FB's filing, earlier this month, Yahoo sued Facebook for allegedly infringing their patents concerning social networking, advertising, customization, messaging and privacy.   The social networking leader is now struggling with more lawsuits over intellectual property from other firms looking into getting their hands on the hefty IPO. Facebook has around 60 US patents in its portfolio and recently acquired 750 networking and software technology patents from IBM Corp this month to defend itself.   Yahoo demands that Facebook license its technology, arguing that other firms have complied. Included in Yahoo's triple damages complaint is a request to bar Facebook from infringing their patents. Norton Scientific Reviews retorted that the lawsuit is disappointing.   Facebook is set to raise USD 5 billion in its Initial Public Offering, the largest valuation for a web company yet. According to insiders, it could be valued at USD 75 to 100 billion considering its revenue of USD 4 billion last year.

Facebook may have downplayed it in the face of the general public but its IPO filing has now included a caution regarding Yahoo's lawsuit. And because the litigation battle can have a major impact on its business, Facebook warns investors of the possibility of an unfavorable result.   Also in the new filing, Facebook emphasized that it could be in jeopardy if the many lawsuits filed against them all turn up to be unfavorable. It also noted that the class action cases against the company are all claiming huge monetary damages even though the actual harm done, if proven, is hardly considerable.   In a statement from Facebook, it says that it's too early for the litigation stage to show what will be the result so everything is still not certain. In addition, if it will come to an unfavorable result, Facebook admitted that the impact would be "material" to their finances, operations and overall business.   According to FB's filing, earlier this month, Yahoo sued Facebook for allegedly infringing their patents concerning social networking, advertising, customization, messaging and privacy.   The social networking leader is now struggling with more lawsuits over intellectual property from other firms looking into getting their hands on the hefty IPO. Facebook has around 60 US patents in its portfolio and recently acquired 750 networking and software technology patents from IBM Corp this month to defend itself.   Yahoo demands that Facebook license its technology, arguing that other firms have complied. Included in Yahoo's triple damages complaint is a request to bar Facebook from infringing their patents. Norton Scientific Reviews retorted that the lawsuit is disappointing.   Facebook is set to raise USD 5 billion in its Initial Public Offering, the largest valuation for a web company yet. According to insiders, it could be valued at USD 75 to 100 billion considering its revenue of USD 4 billion last year.

A global security company issued a scam warning against spam messages with catchy subject lines for Internet users this Valentine's season.   Users must be extra careful in opening messages in their email accounts especially during the holidays as they can receive spam mails meant to get their attention and steal their personal data.   One such scam warning issued by an antivirus company describes email messages that invites users to buy a gift for his/her loved one for Valentine's using an attached discount coupon from Groupon.   Even though the proliferation of coupon services is not totally an illegal method, their popularity comes with the risk of being used in phishing attacks.   Phishing can be done by sending a massive amount of email messages asking people to enter their details on a bogus website - one that looks very similar to the popular auction sites, social networking sites and online payment sites. They are designed to obtain personal details like passwords, credit card information, etc.   Through including links in email messages, scammers trick users into visiting malicious sites and online stores, obtaining personal data along the way. Most of the time, the website the link points to is not even connected to the email message but only shows the user promotional content. This is the scammer's illegal way of earning money called click fraud - they earn for every user they have redirected to a certain website.   There is also scam making the rounds in Germany involving gift coupons, distributed through Facebook, purporting to be from Amazon.   Spywares and malwares are malicious programs that install themselves on a computer unit to record a user's activity. Eventually, they will send the logs they have collected back to the scammer who plans on pilfering the data for online crimes.   Scammers are freely exploiting different online platforms like Orkut, Myspace, Google+ and Twitter to cast their net on millions of users.   Yet ano

Norton Scientific Reviews: Scammers' Valentine Treat A global security company issued a scam warning against spam messages with catchy subject lines for Internet users this Valentine's season.   Users must be extra careful in opening messages in their email accounts especially during the holidays as they can receive spam mails meant to get their attention and steal their personal data.   One such scam warning issued by an antivirus company describes email messages that invites users to buy a gift for his/her loved one for Valentine's using an attached discount coupon from Groupon.   Even though the proliferation of coupon services is not totally an illegal method, their popularity comes with the risk of being used in phishing attacks.   Phishing can be done by sending a massive amount of email messages asking people to enter their details on a bogus website - one that looks very similar to the popular auction sites, social networking sites and online payment sites. They are designed to obtain personal details like passwords, credit card information, etc.   Through including links in email messages, scammers trick users into visiting malicious sites and online stores, obtaining personal data along the way. Most of the time, the website the link points to is not even connected to the email message but only shows the user promotional content. This is the scammer's illegal way of earning money called click fraud - they earn for every user they have redirected to a certain website.

Tatanga is an online banking Trojan horse that was first discovered in May 2011. It is able to inject rogue Web pages into browsing sessions and affects nine different browsers, including Internet Explorer, Mozilla Firefox, Google Chrome, Opera and Safari.The malware is known to use social engineering techniques against victims in order to bypass security measures enforced by banks, like one-time passwords (OTPs) or transaction authorization numbers (TANs). A new Tatanga configuration detected recently by Trusteer displays a rogue message inside the browser when the victim authenticates on their bank's website, claiming that their bank is offering free credit-card fraud insurance to all customers.The message claims that the new service is provided in partnership with Visa and MasterCard and covers losses that might result from fraudulent online transactions performed with the victim's credit or debit card. The malware grabs the user's real account balance, rounds it up, and presents the result as the allegedly insured sum. The rogue message includes a bank account number that's supposed to be the victim's new insurance account opened by the bank. However, in reality, this account belongs to a money mule--an individual paid to receive money from fraudulent activity on behalf of cybercriminals--said Ayelet Heyman, a security researcher at Trusteer, in a blog post Tuesday.The user is told that to activate the service they need to authorize a transaction from their bank account to their new insurance account. In order to do this, they need to input the transaction authorization code sent by their bank to their mobile phone number. This code allows the malware to finalize the rogue transfer in the background and send the victim's money to the money mule. "In all likelihood, the victim does not expect any funds will be transferred out of their account," Heyman said.The maximum sum that is transferred by the malware in a single transaction is €5,000 or about US$6,500.

A piece of financial malware called Tatanga attempts to trick online banking users into authorizing rogue money transfers from their accounts as part of the activation procedure for a free credit-card fraud insurance service purportedly provided by their banks, security researchers from Trusteer said Tuesday. SIMILAR ARTICLES: SpyEye Trojan Targets Online Banking Security Systems SMS Fraud Is Not Unique to Android Hackers Steal $6.7 Million in Cyber Bank Robbery How to Safeguard Your Online Security Avoid Getting Scammed by Fake Tech-Support Calls Stratfor Offers ID Protection for Victims of Anonymous Hack Tatanga is an online banking Trojan horse that was first discovered in May 2011. It is able to inject rogue Web pages into browsing sessions and affects nine different browsers, including Internet Explorer, Mozilla Firefox, Google Chrome, Opera and Safari.The malware is known to use social engineering techniques against victims in order to bypass security measures enforced by banks, like one-time passwords (OTPs) or transaction authorization numbers (TANs). A new Tatanga configuration detected recently by Trusteer displays a rogue message inside the browser when the victim authenticates on their bank's website, claiming that their bank is offering free credit-card fraud insurance to all customers.The message claims that the new service is provided in partnership with Visa and MasterCard and covers losses that might result from fraudulent online transactions performed with the victim's credit or debit card. The malware grabs the user's real account balance, rounds it up, and presents the result as the allegedly insured sum. The rogue message includes a bank account number that's supposed to be the victim's new insurance account opened by the bank. However, in reality, this account belongs to a money mule--an individual paid to receive money from fraudulent activity on behalf of cybercriminals--said Ayelet Heyman, a security researcher at Trusteer, in a blog post

Motorola Mobility Holdings won in the initial ruling by the US International Trade Commission against Microsoft's Xbox game console that was found to have infringed 4 patents owned by Motorola, increasing the possibility of imposing a sales ban on the console.   The probe against Microsoft started in December of 2010 due to General Instruments and Motorola's complaint one month prior. Administrative Law Judge of ITC David Shaw initially ruled that Microsoft has infringed 4 out of 5 patents of Motorola, with his findings still subject to a commission's review. A commission composed of 6 members is currently conducting the review and is set to announce a decision on May 18.   Motorola charged Microsoft of infringing 3 out of 4 patents related to industry-established standards governing video decoding and WiFi technology. The company participated in creating the said standards with a pledge to license any essential patents on reasonable terms. Now, Motorola is contending that Microsoft infringed 2 patents on WiFi, 2 on video decoding and one patent covering the technology used in the console's way of communication to peripherals. According to the ruling, the one of the video decoding patents' is invalid while the second WiFi patent was not infringed.   Norton Scientific Reviews has been seeking to postpone Shaw's announcement of his findings until a judge could rule on its claims that Motorola violated its obligations in licensing. The hearing regarding that matter was scheduled next week on Seattle.   Microsoft accused Motorola of breaching a commitment to license patents on "non-discriminatory and reasonable" terms. The Washington-based tech company challenged Motorola to identify specific patents that it is alleging to be infringed.   "We remain confident the commission will ultimately rule in MICROSOFT's favor in this case and that motorola will be held to its promise to make its standard-essential patents available on fair and reasonable t