Category Archives: Technology

Israel’s Iron Dome Is a Failure – Just Like Their Foreign Policy

Israel Iron Dome made of glass?
Israel Iron Dome More Like Reichstag Berlin Glass Dome

Israel’s vaunted Iron Dome defense system is more like an iron sieve. It fails to destroy all but a few of the rockets that Hamas and other Palestinian militant groups fire at Israeli communities. But Israel’s early-warning civil-defense systems have proved highly effective.

The radar-guided Iron Dome missile, meant to intercept and smash incoming rockets in the seconds before they strike their targets, works just a small fraction of the time, according to a detailed analysis carried out by scientists at the Massachusetts Institute of Technology.

Read the whole story here.

Alibaba Preps Employees for $40 Billion Windfall

Alibaba IPO will make many employees millions
Is this another tech bubble?

(Reuters) – As Alibaba prepares for what could be the biggest tech company IPO to date, the Chinese e-commerce giant has been counselling employees on how to deal with the roughly $41 billion they could unlock through a New York listing.

While some staffers have enquired if premium brand BMW sells cars in Alibaba’s corporate orange, others may invest windfall stock gains in property in North America or channel funds back into start-up ventures in China, hoping to build future Alibabas, bankers and financial planners say.

This could be signify the bursting of yet another tech bubble.

Get the whole taco here.

Email Encryption Is on the Rise

Volume of Encrypted Email Rising Amid Spying Fears

The volume of email cloaked in encryption technology is rapidly rising as Google, Yahoo, Facebook and other major Internet companies try to shield their users’ online communications from government spies and other snoops.

Google and other companies are now automatically encrypting all email, but that doesn’t ensure confidentiality unless the recipients’ email provider also adopts the technology.

In an analysis released yesterday, Google Inc. said that about 65 per cent of the messages sent by its Gmail users are encrypted while delivered, meaning the recipient’s email provider also supports the technology.

Read more about email encryption here and here.

Largest cyber crime ring busted

U.S. Says Global Effort Has Hobbled a Cybercrime Ring

In a secret 72-hour blitz over the weekend, the FBI, several foreign governments and a host of security firms dismantled what officials say is the most sophisticated operation ever to commandeer private computers and siphon tens of millions of dollars from American bank accounts.

The operation’s alleged Russian ringleader has been indicted on charges of hacking, conspiracy and bank fraud, Justice Department officials said Monday.

Read about the whole sordid affair here.

Old Rules of the Internet No Longer Apply

Old Rules of the Internet No Longer Apply
Google must remove personal information if requested

A landmark ruling that allows people in Europe to ask for personal data to be removed from Google will completely change the way people use the Internet, a computer expert has warned.

Professor Luciano Floridi, who has been appointed by Google to find out how it should comply with an EU court ruling, said the era of freely available information is now over in Europe.

Get the whole enchilada here.

Former Microsoft CEO to Buy Los Angeles Clippers for $2 Billion

Steve Ballmer buys LA Clippers for $2 billion
$2 Billion?

(CNN) — Former Microsoft CEO Steve Ballmer has signed a binding agreement to buy the Los Angeles Clippers for $2 billion from the Sterling family trust, a source familiar with the situation told CNN on Thursday night.

The sale, negotiated by Shelly Sterling — co-owner with estranged husband Donald Sterling — will have to be approved at a NBA Board of Governors meeting.

And it still may have to be approved by Donald Sterling, according to earlier comments by his attorney.

Get the whole scoop here.

Google’s Employee Diversity…Isn’t

Google doesn't have much employee diversity
White is Right!

70 percent of Google’s employees are men and 61 percent of its U.S. employees are white, according to a workforce diversity report released by the company.

Black workers accounted for 2 percent of the U.S. workforce, while Hispanics accounted for another 3 percent, according to the report released Wednesday. Asians accounted for 30 percent of the company’s employees. The gender data is global while the ethnicity information is for the U.S. only, Google said.

“….we’re the first to admit that Google is miles from where we want to be—and that being totally clear about the extent of the problem is a really important part of the solution,” wrote Laszlo Bock, Google’s senior vice president for People Operations, in a blog post.

Google and other tech companies have been under pressure to release employee diversity data from U.S. civil rights leader Rev. Jesse Jackson who raised the issue at a Google annual meeting earlier this month. Google Chief Legal Officer David Drummond stated at the meeting that Google would release its data.

Read the whole story here.

A China-US Tech War Will Cost the World Dearly

China-US Tech War is on!
China-US Tech War is on!

Beijing has ordered its state-owned companies to cut ties with American consulting firms like McKinsey and Boston Consulting Group out of concern that they may leak state and trade secrets to American spooks, according to the Financial Times.

This news came just a few days after the American Justice Department publicly indicted five serving Chinese military officers on alleged corporate espionage charges. The unprecedented US move is part of a broader strategy to hit back at China’s growing cyber-attacks on American companies as well as government agencies.

For the full story, click here.

2-Hackers Raid eBay in Historic Breach

security-265130_1280

BOSTON, May 21 (Reuters) – EBay Inc said that hackers raided its network three months ago, stealing some 145 million user records from a database in what is poised to go down as one of the biggest data breaches in history based on the number of accounts compromised.

It advised customers to change their passwords immediately, saying they were among the pieces of data stolen by cyber criminals who carried out the attack between late February and early March.

Read the whole story here.