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Here's How That Person With the Perfect Life is Different From the Rest of us
July 15, 2018 6:51 pm|Comments (0)

“Biohacking is the use of self-experimentation to upgrade your mind, body, and life. I’m a big believer in biohacking, and self-experiment daily to ensure I have the energy I need to run not only my business but to also have the energy I need to be active with my family every night. I believe in taking care of myself through exercise, nutrition and proper supplements, and biohacking has allowed me to find the right formula for myself and my life.”

–Russell Brunson, cofounder and CEO of ClickFunnels, an online sales and marketing software which in three years has helped over 300 business owners cross over the $ 1 million mark, with 18 of them continuing to scale to $ 10 million and beyond

“When running a small business, you must be purposeful. You have to change your mindset and realize that while it’s easier to say yes, it’s not a bad thing to say no. Each time you say yes, you’re also saying no to something else.”

–Will Holsworth, CEO of SAFE + FAIR, an allergy-friendly food company which has quadrupled its website traffic in the four months since launching its new platform

3. Get 30 minutes of quiet every morning.

“I set two alarms every morning. The first one isn’t to create a window of time to snooze, but to allow me 30 minutes of quiet time every morning. It’s the calm before the action. During this time I tackle my confidence level and insecurities. I meditate, pray or give myself a pep talk. I take a moment to be mentally aware of the thoughts in my mind that could potentially hold me back from my accomplishments for the day, and I work on tucking them far away. By the time the next alarm goes off, I usually feel less fragmented and very centered. Thirty minutes later the second alarm goes off, usually playing a song–a positive, upbeat song which signals that it’s go time! Time to conquer the day!”

–Andréa Richardson, leader of multicultural and diversity engagement across Hilton’s portfolio of more than 5,000 properties

4. Work out, then focus on family and work.

“I wake up by 5 a.m. to work out with a trainer before my boys wake up. Working out reduces stress and makes me a better mom and boss. I have breakfast with my kids and drive them to school to start our days together, and nearly every evening I make them a home-cooked dinner. I also find it’s important to make time for a one-hour clarity break during my work day to focus on the business.”

–Shelly Sun, founder and CEO of BrightStar Care, a national private duty home care and medical staffing franchise with more than 300 locations in 38 states 

5. Set goals the night before.

“Every evening, I spend a few minutes planning my goals for the following day. More than just a to-do list, I think about what I accomplished that day and what I need to get accomplished in the next few days. I then write out, by hand, all the people, processes and programs in which I want to invest time improving in the following day. The list doesn’t always get accomplished the next day, as a good leader needs to be flexible, but by committing them to paper, I’m able to prioritize my time and my goals.”

–Paul Koulogeorge, CMO of Goddard Systems, Inc., franchisor of The Goddard School, which is on track to open its 500th school in 2018

6. Unplug and work out first thing.

“I like to start my mornings at the gym. It is helpful for me to get up, be active and disconnect first thing when I wake up. It’s a rare-moment that I am not on my iPhone, checking emails, calling franchise partners, or making notes about new ideas for our guests to play at our parks. I learned early that missing my morning workouts left me with a lack of focus for the day ahead, so I’ve made it a daily practice to start my day off at the gym.”

–Jeff Platt, CEO of Sky Zone, an indoor trampoline and aerial park with over 200 franchises across the United States, Canada, Mexico, Australia, the United Kingdom, India, Saudi Arabia and Kuwait

7. Take the time to be personal.

“I start my day early, which means I’ll usually catch one or two employees before the work day technically ever starts. They’ll usually come in my office and we will talk about work, but it quickly turns into conversations about what’s going on in their lives and things much bigger than work. I really enjoy those talks and I think having a pulse on people’s personal lives helps me be a better boss, too. One habit I’ve gotten into and really held myself to is making rounds to say hi to everyone every morning. It’s a small gesture, but I think everyone enjoys the engagement and I want to feel as accessible as possible.

–Bart Silvestro, CEO of Chef’s Cut Real Jerky Co., a jerky brand with profits which rose from more than $ 460,000 to $ 47.5 million in four years

8. Determine your workday rhythm.

“I get my best work done in the morning. After my husband Ted takes our boys to school or camp, I sit at my desk with a large mug of coffee and don’t stop working until 1 p.m. I keep meetings, calls, errands for afternoons, when my brain is less focused. And of course, evenings are family time, dinner with friends and oft-needed rest. Determining a workday rhythm that gives energy (vs. depletes energy) is a worthwhile exercise for everyone.”

–Molly Fienning, cofounder of Babiators, maker of sunglasses for babies and kids which has sold more than 2 million pairs worldwide

9. Utilize your calendar as a daily to-do list.

“I prefer to use my calendar as my to-do list. I not only have my conference calls and meetings on my calendar but I also put three to five of my top items on the calendar each day that I want and need to get done. I also schedule some sort of workout or yoga class because it’s a necessity for my mental wellbeing and keeps me performing at the top of my game.  Each evening I look back at my calendar for the day and feel very accomplished. This technique helps me keep moving forward throughout the day otherwise I’d get bogged down with mini fires and items that keep me in the weeds.”

–Danielle Dietz-LiVolsi, founder and CEO of NuttZo, a multi-nut and seed butter brand sold in more than 16 retailers nationwide, including Whole Foods, Costco and Sprouts

10. Build relationships with colleagues.

“One of the best habits I’ve gotten into is making sure that I walk around to connect with each member of our team as often as possible. I try to do it daily, and especially in the morning, because it’s a really nice way to start the day. It’s so important to me because our team is our greatest asset, and the best way I’ve found to show appreciation and gratitude is to take time to build relationships with my colleagues. Even though sometimes it might not feel productive to be talking about things outside of business, I think it’s some of the most valuable time I spend every day because it aligns us as a team and strengthens our culture.”

–Alex Bingham, president and CEO of The Little Gym International, a children’s enrichment and development franchise with 400 locations worldwide

11. Stop overthinking it.

“Once you make a decision, take action that moment. Write the letter, make the call, send the email. Show up in a bigger way than you ever have before, but don’t wait for the planets to align. Take action now and, by next week, your anxiety will start to dissipate because you are going for it. I am always so impressed by persistent people, whether they are getting the results they want or not. No matter what, if they keep pushing forward, the big break they are waiting for is just one step away. Why would you ever want to miss that opportunity?”

–Allison Maslan, serial entrepreneur who built 10 companies to seven-figure success and author of “Blast Off!: The Surefire Success Plan to Launch Your Dreams into Reality” and “Scale or Fail: How to Build Your Dream Team, Explode Your Growth, and Let Your Business Soar”

“It is so easy to immerse yourself in work that you forget to stand, stretch, and reset. Believe it or not this enables you to be more productive. I often get up check in with staff and take a lap around the office or the building if the weather permits. Also, I started wearing wrist and ankle weights. This helps keep me alert and ready for the day-to-day challenges, not to mention the additional calorie burning.”

–Julia Biancella Au, cofounder and CEO of removable wallpaper company Tempaper, which has seen average annual growth of about 34 percent each year since launching in 2008

13. Talk to people and get to know them.

“Unengaged employees are a company’s biggest liability. People will feel more positively about coming to work if they feel they can engage with the business and those around them. Therefore, take time out of your day to physically get up and start conversation with those around you. Each day, engage with employees and coworkers on a personal and professional level. This makes them feel valued, heard and understood, leading to that constructive engagement.”

–Mike Whalen, founder of Heart of American Group which employs more than 3,500 people across more than 40 restaurants, hotels and other retail; and CEO of Johnny’s Italian Steakhouse, an expanding restaurant franchise with 15 locations across nine states

14. Look for inspiration.

“I work very hard to do things every day that inspire me. This includes walks in cities, architecture, restaurants, bars, cars, stores, magazines, and mostly just working. I love the process–I am always excited to start new projects and investigate the next idea. People always ask how I come up with so many designs but in fact it is hard for me not to because everything I see and experience excites me. Because I am driven by what’s next, I am very fortunate to be so engaged by the challenge and its process.”

–Robert Sonneman, founder and chief creative officer of award-winning SONNEMAN-A Way of Light, with a product line which includes 1,800 SKUs, with over 100 new introductions annually, and has experienced over 40% revenue growth in 2016, and 20% growth month over month in 2017

15. Mark up your to-do list.

“Every morning I go through my entire to-do list (ranging from 10 to 30 items), and I highlight high versus low priorities so that at the end of the day the mission critical tasks are guaranteed to be completed.”

–Lex Corwin, founder of Stone Road Farms, a premium cannabis company which has done over $ 100,000 in sales since obtaining its license earlier this year and secured large scale manufacturing and multi-state distribution deals

16. Take time for silence each morning.

“For more than 25 years now I begin my day with an hour-long practice I refer to as the Sphere of Silence (SOS). It is not meditation, and it is not a religious practice of any kind. It’s derived from the art of silence I learnt from my grandfather at a very young age. My grandfather believed that abstaining from speaking brought him inner peace and made him a better listener. I have been practicing the Sphere of Silence for most of my life now and attribute my success to it. I find that practicing the SOS is the ultimate weapon against the assault on our senses and the insanity that prevails around us today. To many, it may seem that no quiet could exist amidst the din and racket of an ever-blaring world. Practice it for 21 days and it becomes a habit. The silence and introspection make you a better you, because it helps you channel your energies to maximum effect. And being a better you, makes you better at everything you do.”

–Vijay Eswaran , one of Forbes’ top 50 wealthiest Malaysians, one of Forbes Asia’s Heroes of Philanthropy, bestselling author, entrepreneur and philanthropist and founder and executive chairman of the QI Group of Companies, a multi-business conglomerate with headquarters in Hong Kong, offices in more than 25 countries and customers in over 100 countries

17. Write down all the good and bad every day.

“One the easiest ways that has proven to increase my effectiveness is the habit I have created to write in my journal every day. I put pen-to-paper and write down the things which are important to me, the things that were both good and bad during my day and ideas on how I can improve. I write lists, goals, gratitude and sometime write to simply vent my frustrations. Writing requires engagement from both sides of my brain, making the brainstorming or problem-solving process more complete and innovative. Further, writing is crucial when it comes to settling emotional reactivity. It unwinds emotions caused by stress or conflict by providing a much needed disconnect from the daily grind of consistent talking, emailing, taking calls, and other distractions which come alone with electronic devices. I deeply value the process of writing because it puts me in touch with the more existential aspects of life, reminding me of the bigger picture of I am striving for.”

–Dr. Sherrie Campbell, a nationally recognized expert in clinical psychology, speaker, former radio host of the Dr. Sherrie Show for the BBM Global Network and TuneIn Radio, with over two decades of clinical training experience providing counseling and psychotherapy services to residents of Orange County, California, and author of “Success Equations: A Path to Living an Emotionally Wealthy Life”

18. Use flora and fauna for energization.

“I always have fresh flowers and green life in my office and at home, in order to keep
the air in these spaces fresh and have an inspiring atmosphere. On the fauna front, I
bring my three fur-babies–my dogs–to the office every day. I find that the research
stands true–pets in the office reduce stress and increase collaboration!”

–Terry Eaton, founder, president and chief curator of Eaton Fine Art, a firm that last
year marked its 25th anniversary with recent projects including the Cosmopolitan in Las Vegas and Holston House in Nashville

19. Take care of yourself.

“I recently saw a survey that said 80 percent of Americans have tension headaches or feel overwhelmed or depressed at least one day during the month. Those are sad symptoms of living in our society. At its worst, stress is making us sick, but it’s also sapping our productivity and stealing our success. The irony is that what’s causing our stress–the pace of life and the never-ending demands–are the very things that keep us from doing something about it. We’re busy taking care of business and for many of us, self-care is one of the first things that come off our list. I think that’s a big mistake and comes with a heavy cost, which is why I dedicate time every day, to taking care of myself no matter what’s going on. That might be a massage, but it can also be a run outdoors or a walk in the beach, talking to my kids or just taking a few minutes to close my eyes and take some deep breaths. The point is to make it a daily habit.”

–Joe Magnacca, CEO of Massage Envy, a provider of therapeutic massage and skincare services with a franchise system that collectively employs over 35,000 wellness professionals across 1,180 locations nationwide servicing more than 1.65 million members

“[I read] at least 10 pages from each of the books I’m reading (prayer, professional and enjoyment.)  Always have three books open and I personally prefer physical books over e-readers.”

–Ellie Johnson, president of Berkshire Hathaway HomeServices New York Properties which has $ 375 million in sales inventory and has grown its agent population five-fold since launching in January 2017

“I’m a huge proponent of rest. I take the weekends off and I believe in regular, relaxing vacations. Once a year, I go back home to pick olives with my family. It’s amazing how this time away from the office re-energizes my body and spirit. My downtime is essential.”

–Aytekin Tank, CEO of JotForm, an online form builder used by more than 3.5 million people

22. Lead a life with grace (in and out of the office).

“When I was younger, my father worked during the day and took classes at night to earn his college degree to make a better life for himself and our family. He taught me from an early age that no matter what life throws your way, it’s important to earn the respect of others by working hard and being honest, fair and trustworthy. I apply this advice to both my career and my personal life. No matter how difficult a situation may be or how frustrated I may be with someone, it is so important that I always keep my composure, lead with grace and give others the respect that they deserve. If you don’t respect others, you cannot expect to earn their respect in return!”

–Lisa A Haude, founder and president of Paradigm Design Group, an award-winning luxury-lifestyle hospitality interior design firm with offices in Houston, San Francisco and Chicago and ranked as one of the top design firms in the United States since 2006

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From Fire Victims To Supply Chains, Trulioo Finds New Uses For KYC
July 9, 2018 6:41 pm|Comments (0)

, I write about finance and technology. Opinions expressed by Forbes Contributors are their own.

It’s forest fire season in California and that means Trulioo, a global identity verification company, could be called on to verify the identity of people who have lost their homes, said Zac Cohen, the company’s general manager. It’s a new use case for the eKYC company which usually finds clients for its global identity verification among financial firms seeking to meet Know Your Customer regulations.

Photo courtesy of Trulioo

Zac Cohen, general manager of Trulioo

“In a natural disaster you have a lot of organizations that want to distribute funds to individuals who have been affected by these tragedies,” said Cohen. “We help a lot of those aid agencies distribute funds and verify individuals who are in need,. A lot of times people take advantage of natural disasters to claim money when they aren’t on the accepted list for these aid agencies. Forest fires tend to be the most dramatic. We are used to verify and confirm individuals so they can get the funds they need for personal well-being.”

It’s a long way from enabling a bank account opening.

“Individuals will apply, create an account and make requests to aid agencies. The agencies  they try to confirm it is a legitimate individual. Then, when they distribute those funds, they do another check to make sure they are sending it to the right location.”

Trulioo has also expanded to verifying business identities, which it can do throughout a supply chain. Businesses no longer buy supplies from companies just down the street or on the other side of town, companies large and small are often sourcing internationally, Cohen said.

“They may run into a problem where the supply chain is so muddled they don’t know who ultimately is servicing them. Businesses have policies in place where they don’t want to leverage services from companies engaged in illicit activities, like forced labor in third world countries. When you have a large and complicated supply chain, it’s difficult to see who owns that business down the line.

The company has data on 250 million companies and uses its business verification and ID verification to run checks on businesses downstream, and the legal entities that own those businesses.

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What Separates Millionaire Entrepreneurs From The Rest Of Us? Hint: It's Not What You Think
July 7, 2018 6:37 am|Comments (0)

At the end of the day, who doesn’t love a shortcut?

But there’s a trap in this approach that most people don’t realize.

Simply copying their strategies and tactics alone won’t work. You need to first understand the mindset behind what they do.

I’ll tell you, I see people making this mistake all the time. They discover that the big dog of their industry generates 80% of leads using Facebook ads. So guess what they do? They copy their ads and expect it to work.

After spending a few hundred bucks and not seeing any results, they turn their ads down and never touch it again. “I always knew that Facebook ads don’t work for my audience.” Seriously?

What those folks don’t understand is that the guys who made it work for them have a completely different mindset. They focus on learning and experiment with several different variations until they find the one that works.

You see what I mean? It all comes back to your mindset.

Now, I’ve recently interviewed several multimillion-dollar business owners in my podcast, and I sat down with my team to analyze how these successful entrepreneurs think differently.

Here are three key mindsets that you can copy:

1.  Put all your eggs into one basket

The average entrepreneur tends to struggle with what’s known as Shiny Object Syndrome. They try to do everything at once — we’re talking multiple product lines, income streams, and business opportunities.

Millionaires, on the other hand, put all their eggs in one basket. They give the current project they’re working on their 100% — no ifs, ands, or buts.

I’m not going to lie – I fell prey to the Shiny Object Syndrome back when I first started my company, too. I thought that the best way of making money was to sell whatever my clients needed — as long as they were willing to pay, I was willing to do the job.

One day, I was talking to a successful business owner, and he told me to stop running around like a headless chicken and to focus my attention on a single project. I took his advice, and my revenue shot through the roof.

2. Look for the root of your problems

Here’s another way in which successful entrepreneurs think differently…

They look past the superficial and focus on the root of their problems — this helps them solve their problems with ease.

When I encounter a problem, for example, I like to use the 5 Whys technique to identify the underlying issue. This is pretty simple; all you need to do is to ask “Why?” 5 times.

Say you’re not hitting your quarterly revenue target.

Why? Because you don’t have enough sales.

Why? Because you don’t have enough leads.

Why? Because the marketing team hasn’t generated enough leads.

Why? Because the marketing team is unaware that more leads are required.

Why? Because there’s a lack of communication between sales and marketing.

Bingo — you’ve now gotten to the root of your problem.

3. Progress over perfection

Last but not least, the average entrepreneur aims for perfection over progress, and they feel as though everything has to be in place before they make a decision.

On the other hand, successful entrepreneurs are comfortable with moving a project forward even when the conditions aren’t perfect. They’d rather try and fail (and learn something in the process), rather than not give it a shot.

One of our coaching clients, unfortunately, is one of those guys who’s trapped by his own need for perfection. He’s making 7 figures per year, which is a great start — but because he’s obsessed with getting things perfect, he’s become his own bottleneck. This guy’s business has since stagnated, and unless he changes his mindset, he won’t be able to grow.

As entrepreneurs, we typically look for tangible solutions that we can implement immediately. But keep this in mind: at the end of the day, it’s how you implement these strategies and work past your challenges that determines if you succeed or not. Remember, it’s all about the mindset.

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ZTE given temporary reprieve from U.S.; removes more executives
July 4, 2018 6:31 am|Comments (0)

NEW YORK/HONG KONG (Reuters) – China’s embattled ZTE Corp (0763.HK) has received a temporary reprieve from the U.S. government to conduct business needed to maintain existing networks and equipment as it works toward the lifting of a U.S. supplier ban.

FILE PHOTO: The logo of China’s ZTE Corp is seen at the lobby of ZTE Beijing research and development center building in Beijing, China June 13, 2018. REUTERS/Jason Lee/File Photo

ZTE (000063.SZ), which makes smartphones and networking gear, was forced to cease major operations in April after the United States slapped it with a supplier ban, saying it broke an agreement to discipline executives who conspired to evade U.S. sanctions on Iran and North Korea.

The authorization seen by Reuters from the U.S. Commerce Department’s Bureau of Industry and Services runs from July 2 until Aug. 1.

It allows China’s No.2 telecommunications equipment maker to continue operating existing networks and equipment and provide handset customer support for contracts signed before April 15. It also permits limited transfer of funds to or from ZTE.

On Tuesday, ZTE also announced the departure of 1 senior executive in a stock exchange filing, while a source who saw an internal memo told Reuters seven others were removed. As part of its settlement agreement reached in June with U.S. authorities, ZTE had promised to radically overhaul its management.

The company also agreed to pay a $ 1 billion penalty and put $ 400 million in an escrow account as part of the deal to resume business with U.S. suppliers – which provide almost a third of the components used in ZTE’s equipment.

ZTE said in exchange filings late on Tuesday that Xu Weiyan, a shareholders’ representative supervisor in the company’s supervisory committee, has resigned due to personal commitments with immediate effect and no longer holds any position in the company.

An insider source told Reuters a memo was sent out on Tuesday announcing the removal of seven other executives, without providing a reason. They included vice presidents Wang Keyou, Xie Jiepeng and Ma Jie, who were in charge of the legal, finance and supply chain departments, respectively.

Reuters could not immediately contact them for comment. The source declined to be identified due to the sensitivity of the matter.

As part of the deal to lift the supplier ban, ZTE had agreed to remove all members of its leadership at or above the senior vice president level, along with any executives associated with the wrongdoing within 30 days.

It is not immediately clear whether the eight departures on Tuesday were related to ZTE’s compliance violation.

ZTE announced a new board last week in a radical management shakeup. Li Zixue was appointed the new chairman while the previous board led by Chairman Yin Yimin resigned with immediate effect.

Despite the agreement reached almost a month ago, the ban is yet to be lifted amid strong opposition among some U.S. politicians. ZTE has made the $ 1 billion payment but has yet to deposit the $ 400 million in escrow, according to sources.

The uncertainty over the ban amid intensifying U.S.-China trade tensions has hammered ZTE shares, which have cratered around 60 percent since trading resumed last month following a two-month hiatus, wiping out more than $ 11 billion of the company’s market valuation.

ZTE’s Hong Kong shares were down 0.5 percent on Wednesday, while its Shenzhen shares were up more than 4 percent.

Jefferies on Monday upgraded ZTE to a “buy” rating from “underperform”. Its analyst, Edison Lee, said in a note on Tuesday that the temporary reprieve was “a very positive indication that ZTE is on track to a full lifting of the export ban”.

A representative for ZTE declined to comment. The U.S. Department of Commerce did not respond to requests for comment.

Reporting by Karen Freifeld, Anirban Paul and Sijia Jiang; Writing by Tim Ahmann; Editing by Leslie Adler and Marguerita Choy

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China media group CMC raises $1.5 billion from Alibaba, Tencent
July 3, 2018 6:30 am|Comments (0)

SHANGHAI (Reuters) – Chinese state-backed media group CMC Inc said on Tuesday that it had raised around 10 billion yuan ($ 1.49 billion) in a fund-raising round from investors including rival tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd.

FILE PHOTO – Li Ruigang, Founding Chairman, China Media Capital (CMC), People’s Republic of China, attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 18, 2017. REUTERS/Ruben Sprich

CMC, formerly CMC Holdings which stretches from sports to amusement parks, said the A-round fundraising was led by the two tech firms along with new investors such as property developer China Vanke Co Ltd.

CMC, founded by media magnate Li Ruigang in 2015, added the firm was valued at around 400 billion yuan after the round.

Reporting by Adam Jourdan; Editing by Muralikumar Anantharaman

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WPA3 Wi-Fi Security Will Save You From Yourself
June 26, 2018 6:17 am|Comments (0)

There are more Wi-Fi devices in active use around the world—roughly 9 billion—than there are human beings. That ubiquity makes protecting Wi-Fi from hackers one of the most important tasks in cybersecurity. Which is why the arrival of next-generation wireless security protocol WPA3 deserves your attention: Not only is it going to keep Wi-Fi connections safer, but also it will help save you from your own security shortcomings.

It’ll take time before you can enjoy the full benefits of WPA3; the Wi-Fi Alliance, a trade group that oversees the standard, is releasing full details today but doesn’t expect broad implementation until late 2019 at the earliest. In the course that WPA3 charts for Wi-Fi, though, security experts see critical, long-overdue improvements to a technology you use more than almost any other.

“If you ask virtually any security person, they’ll say don’t use Wi-Fi, or if you do, immediately throw a VPN connection on top of it,” says Bob Rudis, chief data officer at security firm Rapid 7. “Now, Wi-Fi becomes something where we can say hey, if the place you’re going to uses WPA3 and your device uses WPA3, you can pretty much use Wi-Fi in that location.”

Password Protections

Start with how WPA3 will protect you at home. Specifically, it’ll mitigate the damage that might stem from your lazy passwords.

A fundamental weakness of WPA2, the current wireless security protocol that dates back to 2004, is that it lets hackers deploy a so-called offline dictionary attack to guess your password. An attacker can take as many shots as they want at guessing your credentials without being on the same network, cycling through the entire dictionary—and beyond—in relatively short order.

“Let’s say that I’m trying to communicate with somebody, and you want to be able to eavesdrop on what we’re saying. In an offline attack, you can either passively stand there and capture an exchange, or maybe interact with me once. And then you can leave, you can go somewhere else, you can spin up a bunch of cloud computing services and you can try a brute-force dictionary attack without ever interacting with me again, until you figure out my password,” says Kevin Robinson, a Wi-Fi Alliance executive.

This kind of attack does have limitations. “If you pick a password that’s 16 characters or 30 characters in length, there’s just no way, we’re just not going to crack it,” says Joshua Wright, a senior technical analyst with information security company Counter Hack. Chances are, though, you didn’t pick that kind of password. “The problem is really consumers who don’t know better, where their home password is their first initial and the name of their favorite car.”

If that sounds familiar, please change your password immediately. In the meantime, WPA3 will protect against dictionary attacks by implementing a new key exchange protocol. WPA2 used an imperfect four-way handshake between clients and access points to enable encrypted connections; it’s what was behind the notorious KRACK vulnerability that impacted basically ever connected device. WPA3 will ditch that in favor of the more secure—and widely vetted—Simultaneous Authentication of Equals handshake.

There are plenty of technical differences, but the upshot for you is twofold. First, those dictionary attacks? They’re essentially done. “In this new scenario, every single time that you want to take a guess at the password, to try to get into the conversation, you have to interact with me,” says Robinson. “You get one guess each time.” Which means that even if you use your pet’s name as your Wi-Fi password, hackers will be much less likely to take the time to crack it.

The other benefit comes in the event that your password gets compromised nonetheless. With this new handshake, WPA3 supports forward secrecy, meaning that any traffic that came across your transom before an outsider gained access will remain encrypted. With WPA2, they can decrypt old traffic as well.

Safer Connections

When WPA2 came along in 2004, the Internet of Things had not yet become anything close to the all-consuming security horror that is its present-day hallmark. No wonder, then, that WPA2 offered no streamlined way to safely onboard these devices to an existing Wi-Fi network. And in fact, the predominant method by which that process happens today—Wi-Fi Protected Setup—has had known vulnerabilities since 2011. WPA3 provides a fix.

Wi-Fi Easy Connect, as the Wi-Fi Alliance calls it, makes it easier to get wireless devices that have no (or limited) screen or input mechanism onto your network. When enabled, you’ll simply use your smartphone to scan a QR code on your router, then scan a QR code on your printer or speaker or other IoT device, and you’re set—they’re securely connected. With the QR code method, you’re using public key-based encryption to onboard devices that currently largely lack a simple, secure method to do so.

“Right now it’s really hard to deploy IoT things fairly securely. The reality is they have no screen, they have no display,” says Rudis. Wi-Fi Easy Connect obviates that issue. “With WPA3, it’s automatically connecting to a secure, closed network. And it’s going to have the ability to lock in those credentials so that it’s a lot easier to get a lot more IoT devices rolled out in a secure manner.”

Here again, Wi-Fi Easy Connect’s neatest trick is in its ease of use. It’s not just safe; it’s impossible to screw up.

That trend plays out also with Wi-Fi Enhanced Open, which the Wi-Fi Alliance detailed a few weeks before. You’ve probably heard that you should avoid doing any sensitive browsing or data entry on public Wi-Fi networks. That’s because with WPA2, anyone on the same public network as you can observe your activity, and target you with intrusions like man-in-the-middle attacks or traffic sniffing. On WPA3? Not so much. When you log onto a coffee shop’s WPA3 Wi-Fi with a WPA3 device, your connection will automatically be encrypted without the need for additional credentials. It does so using an established standard called Opportunistic Wireless Encryption.

“By default, WPA3 is going to be fully encrypted from the minute that you begin to do anything with regards to getting on the wireless network,” according to Rudis. “That’s fundamentally huge.”

As with the password protections, WPA3’s expanded encryption for public networks also keeps Wi-Fi users safe from a vulnerability they may not realize exists in the first place. In fact, if anything it might make Wi-Fi users feel too secure.

“The heart is in the right place, but it doesn’t stop the attack,” says Wright. “It’s a partial solution. My concern is that consumers think they have this automatic encryption mechanism because of WPA3, but it’s not guaranteed. An attacker can impersonate the access point, and then turn that feature off.”

Switching On

Even with the added technical details, talking about WPA3 feels almost still premature. While major manufacturers like Qualcomm already have committed to its implementation as early as this summer, to take full advantage of WPA3’s many upgrades, the entire ecosystem needs to embrace it.

That’ll happen in time, just as it did with WPA2. And the Wi-Fi Alliance’s Robinson says that backward interoperability with WPA2 will ensure that some added security benefits will be available as soon as the devices themselves are. “Even at the very beginning, when a user has a mix of device capabilities, if they get a network with WPA3 in it, they can immediately turn on a transitional mode. Any of their WPA3-capable devices will get the benefits of WPA3, and the legacy WPA2 devices can continue to connect,” Robinson says.

Lurking inside that assurance, though, is the reality that WPA3 will come at a literal cost. “The gotcha is that everyone’s got to buy a new everything,” says Rudis. “But at least it’s setting the framework for a much more secure setup than what we’ve got now.”

Just as importantly, that framework mostly relies on solutions that security researchers already have had a chance to poke and prod for holes. That hasn’t always been the case.

“Five years ago the Wi-Fi Alliance was creating its own protocols in secrecy, not disclosing the details, and then it turns out some of them have problems,” says Wright. “Now, they’re more adopting known and tested and vetted protocols that we have a lot more confidence in, and they’re not trying to hide the details of the system.”

Which makes sense. When you’re securing one of the most widely used technologies on Earth, you don’t want to leave anything to chance.


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The Tough Life Lesson I Learned from My Dad
June 17, 2018 6:06 pm|Comments (0)

My father was a pianist. I grew up to the sound of him practicing increasingly difficult pieces, three to four hours a day, on a Steinway grand that dominated the living room.

He never played professionally, though, because his father drummed into him that nothing was more important than a secure job. So he went to college, first to be an MD, then for the priesthood, and finally to become an optometrist. 

He was an Episcopalian priest when I was born and in the ten years my family stayed together, he transformed a sparse and failing parish into one of the physically largest and best attended churches in the diocese of Ohio. 

After my parents divorced, he went back to college in his forties to become an optometrist. He had a medal in his office for getting the highest score on the national boards the year he graduated. 

All in all, he spent fourteen years in college and earned three degrees, an enormous effort that allowed him to pursue two careers that, although he was superlative at both of them, he could barely tolerate

Because he was a pianist.

While everyone thought him successful and even somewhat of a saint (as an optometrist he gave huge discounts to poor people), but to me, who knew him best, he was constantly ill-at-ease, uncomfortable, unable to enjoy anything.

The only time he was “himself” was when he played the piano.

A few months after he turned 70, the sadness that he’d carried his whole life descended on him. He stopped going to work and slipped into a ten-year depression that lasted until a few months before he died.

The most important advice he gave me was this: “Don’t do what I did. Don’t waste your life doing something you don’t love.” I wish I could say I followed his advice from the start, but in fact it took me many years before I listened and acted on that advice.

As I come up on another Father’s day, I can’t help but wish that he’d been able to teach me that life lesson by living it himself. With that thought in mind, here’s a recording–made on a cheap cassette–of a moment when, for a few minutes at least, he was living his dream:

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Elon Musk Calms Down, and More From Tesla's Shareholder Meeting
June 6, 2018 6:00 am|Comments (0)

When Elon Musk was a kid, he had so much trouble managing his time, that his younger brother Kimbal would lie to him about the bus schedule. Elon would show up a few minutes after the supposed arrival—and have just enough time to hop aboard. A few decades on, the whole world knows about Elon’s habit of blowing deadlines. And he admits it can be a problem.

“This is something I’m trying to get better at,” he said from the stage of Silicon Valley’s Computer History Museum on Tuesday afternoon, at Tesla’s annual shareholders meeting. “I’m trying to recalibrate these estimates.”

A few days after a Twitter rage fest aimed at the media, a month after refusing to answer questions about Tesla’s financial state during an investors’ call, and two months after getting in a public spat with the feds investigating a deadly crash in one of his cars, Musk’s attitude when he appeared before his fellow shareholders was conciliatory. He even seemed emotional at times. “We build our cares with love,” he said, with a slight quaver in his voice. And he noted how brutal the auto industry can be, especially to newcomers. “It’s insanely hard just staying alive.”

For an hour and a half, Musk patiently fielded questions on just about every part of Tesla’s sprawling business. He said the Model 3 production rate will hit the long-promised 5,000 cars a week rate later this month, predicted an enormous increase in battery production, announced upgrades to the Autopilot semi-autonomous system, and even appeased PETA. If you missed the meeting, here are the key takeaways.

Elon Retains the Reins

The official business of the meeting included voting on the reelection of venture capitalist Antonio Gracias, Elon’s bus-catching brother Kimbal, and 21st Century Fox CEO James Murdoch to Tesla’s board of directors. (Only a third of the nine board members come up for election at a time—it’s like the US Senate that way.) Last month, activist investor the CtW Group urged Tesla shareholders to replace the trio with people who had automotive and manufacturing expertise. Another investor, Jing Zhao, filed a proposal to strip Musk of his position as Tesla’s chairman, which he has held since 2004 (he took the CEO job in 2008). But the shareholders stuck with Musk, reelecting the board members and nixing the leadership change by an overwhelming majority. (Tesla will file the exact vote count with the SEC in the next few days.)

The loss didn’t surprise CtW executive director Dieter Waizenegger, who argues control of Tesla is too concentrated in people tied to Musk. “This opinion is shared by a significant number of shareholders of Tesla,” he says. “We expect the final vote tally to reveal that.” Even if he’s right, Musk remains fully in charge.

More Model 3

Musk’s acknowledgement of his timeline trouble didn’t stop him from announcing that, by the end of the month, Tesla will be building 5,000 Model 3 sedans every week, which should be enough to start turning a profit on the car. The uptick is thanks to Tesla’s rebalancing of the workload between humans and robots in its factory in Fremont, California, where the company is adding a third Model 3 production line. It is also planning to open a factory in China, to go with its plants in Fremont and the Netherlands.

Meanwhile, Tesla is gradually expanding options for Model 3 owners, who so far have been limited to the version with an upgraded battery and premium interior, which starts at $ 56,000. By the end of this year, Musk hopes to start production of the version closer to the car’s $ 35,000 base price, with the smaller battery pack. Also coming soon: right hand drive.

New Products

Even as it struggles to build the Model 3, Tesla is planning on three new vehicles: the Semi truck, the revived Roadster, and the still mysterious Model Y. Musk told shareholders he’s hoping to start production of all three in the first half of 2020, though he has yet to specify where he’ll do that, or how. He’ll unveil the Model Y in March (it will be “something super special”), and expects the truck and the sports car to deliver better specs than the already very impressive numbers he announced last fall. Oh, and he’ll never build an electric motorcycle.

Autopilot Advances

Without getting into details, Musk said Tesla is making steady progress to improve its Autopilot feature, and is now working on adding the ability to change lanes and handle highway on- and off-ramps (Musk noted he was testing new software around 1 am this morning). For drivers who aren’t sure they want to spend $ 5,000 on the feature, Tesla will soon start offering free trials. Musk also reaffirmed his distaste for lidar, the laser shooting sensor most autonomous vehicle developers say is key to building a safe, capable robo-car.

SuperChargers

Tesla now runs nearly 10,000 Supercharger stations around the world, the stations where its drivers (and no one else) can plug in and charge a depleted battery to about 80 percent in 30 minutes. And Musk is working to keep improving charge times, saying a three- or four-fold improvement is possible. (That’s only true for relatively new cars, he added, disappointing the 2012 Model S owner who asked him about it.)

Going Vegan

Unlike many automakers, Tesla has been offering leather-free versions of its cars for years, appealing to its vegan and vegetarian fans. But it’s still using some leather in its steering wheels, and a People for the Ethical Treatment of Animals (PETA) rep took the mic to press Musk on it. He explained Tesla can make leather-free steering wheels, but the work has to be done it its design studio, making it something of a pain. But he promised it’ll be easier once the Model Y comes around. Now he’s just gotta hit that 2020 goal.


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Apple cuts smartphone power chip orders from Dialog Semiconductor
May 31, 2018 6:01 pm|Comments (0)

FRANKFURT (Reuters) – Dialog Semiconductor said Apple now planned to source the main power management chips (PMICs) for one of its three new iPhone models from two suppliers instead of just from the German chipmaker.

FILE PHOTO: Dialog semiconductor logo is pictured at a company building in Germering near Munich, Germany August 15, 2016. REUTERS/Michaela Rehle

That means that Apple will order 30 percent fewer of the chips from Dialog this year than it had initially expected, Dialog said in a statement on Thursday.

The news sent its shares 3.9 percent lower in late Frankfurt trade. Dialog’s stock has lost more than half of its value over the past year on investor concerns that Apple is working on its own battery-saving chips for iPhones.

Analysts reckon Dialog derives more than half its revenue from supplying Apple with PMICs.

The reduced order volume for the PMICs will shave 5 percent off the chipmaker’s 2018 revenues, but Dialog said it still expected its 2018 revenues to grow year-on-year.

The impact on 2019 revenues is likely to be similar, Chief Executive Jalal Bagherli told analysts on a conference call.

He said Apple had not provided a reason for the change in its sourcing of chips.

“If you think about the fact that we are qualified for all three phones, that means there is no performance-related issue. It might be a statement of intent to reduce risk on having one supplier and have an alternative source,” he said.

He also said Apple had not told him who the second, new supplier of the main PMICs was but said he saw it as very likely that it was an in-house source at Apple.

Apple did not change the projected order volume for the other power management chip that Dialog is supplying for the new iPhone models – the sub-PMIC – nor for all other PMICs, including those for tablets, wearables and notebooks.

Dialog said it would continue to explore new mixed-signal opportunities outside of power management for future Apple products.

Reporting by Maria Sheahan; Editing by Adrian Croft and Alexandra Hudson

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Why Did Apple Ban Valve’s Steam Link From Its App Store?
May 25, 2018 6:04 pm|Comments (0)

Apple appears to be engaged in a battle of sorts with Valve.

In an interview with technology site Arstechnica, gaming company Valve said that Apple has removed and banned its Steam Link app from its App Store. The company said that Apple originally approved the app but after further review, found that it didn’t meet its approved guidelines.

Valve unveiled its Steam Link app earlier this month. The app allows you to stream your PC games from a computer to another device, as long as they’re both on the same network. The idea is for users to have a game running on one device but be able to play wherever they want in the home. It’s a relatively common feature with remote desktop apps that let users access another computer from their devices.

In its interview with Arstechnica, Valve said that it petitioned Apple’s ruling and pointed to those streaming apps, which are all available in the company’s App Store, as apparent proof that the Steam Link app isn’t in violation of the iPhone maker’s guidelines. Apple stood by its decision and kept the iOS app blocked from its application marketplace.

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For its part, Apple hasn’t publicly disclosed why it removed Steam Link from its App Store. The company also generally makes it a policy to not discuss specific details about why an app was removed or banned from its marketplace.

Apple did not respond to a Fortune request for comment on the Steam Link decision.

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