Tag Archives: Technology

Taiwan's TSMC to invest $25 billion in 5 nanometer node technology
June 21, 2018 6:09 am|Comments (0)

HSINCHU, Taiwan (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd, a supplier to Apple Inc, said on Thursday it expects to invest $ 25 billion in 5 nanometer node technology.

FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan October 5, 2017. Picture taken October 5, 2017. REUTERS/Eason Lam

The firm did not provide a time frame for the investment.

Reporting By Jess Macy Yu; Writing by Anne Marie Roantree; Editing by Stephen Coates

Tech

Posted in: Cloud Computing|Tags: , , , , , ,
North Korea Uses Microsoft and Apple Technology for Cyberattacks, Researchers Say
June 6, 2018 6:01 pm|Comments (0)

North Korea has been cited by several governments and organizations for its hacking activities. Now, a new study of network data shows much of the technology North Korea employs for hacking comes from the U.S.

Despite trade sanctions, North Korea’s government has found a way to obtain products from Apple, Microsoft, and Korea-based Samsung to carry out cyberattacks around the world, researchers at cybersecurity intelligence company Recorded Future revealed on Wednesday. The company found that North Korea is using Windows 10, Apple’s iPhone X, and Samsung’s Galaxy S8 Plus, among other technologies, to conduct operations. However, most of the technology North Korea is using is older. For instance, Recorded Future found an iPhone 4S and Windows 7, among other products, still in use.

North Korea has been isolated from the rest of the world for decades. During that time, the country’s economy has suffered and the U.S., among others, has imposed sanctions that limit a company’s ability to export to and sell in North Korea.

To circumvent those sanctions, according to Recorded Future, North Korea has engaged in a variety of activities to obtain access to U.S. and Korean technologies.

In its report, Recorded Future said that North Korea has created fake addresses and names to sidestep sanctions — and also used shell companies and aliases outside of its borders to obtain equipment and bring it back. North Koreans living in countries where equipment from Apple, Microsoft, and Samsung can be obtained legally also play a role in the effort, according to the report.

Get Data Sheet, Fortune’s technology newsletter

“Technology resellers, North Koreans abroad, and the Kim regime’s extensive criminal networks all facilitate the transfer of American technology for daily use by one of the world’s most repressive governments,” Recorded Future wrote in its report.

In other cases, however, North Korea has obtained equipment legally. Since 2002, in fact, the U.S. has exported nearly $ 484,000 in computers and electronics to North Korea.

But, since that’s hardly enough for all of the ruling party, hacking efforts, and “elites” in the country who need the technology, North Korea has employed the other schemes, Recorded Future said.

The data sheds some light on the secretive country and could explain to some degree how it’s been able to pull off some major cyberattacks. North Korea’s hackers have previously been linked to the 2017 WannaCry ransomware attack that affected computers around the world. North Korea was also accused of hacking Sony in 2014.

“Unless there’s a globally unified effort to impose comprehensive sanctions on the DPRK, and multilateral cooperation to ensure that these sanctions cannot be thwarted by a web of shell companies,” Recorded Future wrote, “North Korea will be able to continue its cyberwarfare operations unabated with the aid of Western technology.”

Tech

Posted in: Cloud Computing|Tags: , , , , , , ,
Customers angry after National Australia Bank hit by technology outage
May 26, 2018 6:00 am|Comments (0)

MELBOURNE (Reuters) – National Australia Bank on Saturday suffered what it described as a “nationwide outage” to some of its technology systems, leaving customers unable to access banking services or withdraw money.

FILE PHOTO: A National Australia Bank (NAB) logo is pictured on an automated teller machine (ATM) in central Sydney September 12, 2014. REUTERS/David Gray/File Photo

Customers took to social media to vent their frustrations, with some saying they were left unable to pay for groceries or refuel their cars.

“Loyal member for 15 years and you leave me standing at the supermarket altar with a trolley full of shopping,” said one Twitter user.

The bank tweeted just after midday (0200 GMT) on Saturday that some services were coming back online.

“We’re sorry and it’s not good enough … but we’ll get it fixed as soon as possible,” Chief Customer Officer Business and Private Banking Anthony Healy said in a video posted on Twitter.

NAB is one of Australia’s four largest retail banks with a customer base of 9 million, according to its website.

The outage follows growing customer discontent with the so-called “Big Four” banks, which have suffered numerous embarrassing disclosures at an inquiry into financial sector misconduct.

A spokesman from the bank told Reuters by telephone that it was a national outage, without elaborating on its cause.

The Bank of New Zealand [BNZL.UL], a NAB subsidiary, also experienced outages on Saturday across New Zealand, but the spokesman was unable to confirm a connection between the two incidents.

Reporting by Will Ziebell in MELBOURNE; Editing by Joseph Radford

Tech

Posted in: Cloud Computing|Tags: , , , , , , ,
Technology Meant to Make Bitcoin Money Again Just Went Live
March 15, 2018 6:32 pm|Comments (0)

A version of the technology that’s meant to make cryptocurrency payments faster and cheaper went live Thursday.

The software, called Lightning Network, can now be used for Bitcoin payments after more than a year in which thousands of developers tested it. Lightning Labs, one of the firms developing the technology, released this initial version, which is compatible with networks being developed by other groups, such as Blockstream and Acinq.

Bitcoin has become digital gold — or a viable investment alternative — to many, but it has been harder for it to fulfill its original purpose of becoming digital money, as transaction fees have skyrocketed to as high as $ 50, while confirmation times took as long as a week at their peak. Enthusiasts say the Lightning Network will solve these problems with fees at a fraction of a cent and instantaneous transactions.

The Lightning Network rolls out, another technology meant to speed up transactions, Segregated Witness, gains traction, with the number of transactions using it doubling to more than 30 percent of total Bitcoin transactions in the past month. Bitcoin transaction fees have plummeted in part thanks to this, but the total number of transactions has also declined. Lightning Network is also meant to help lower fees on the main Bitcoin network.

The Lightning Network allows Bitcoin users to open payment channels between each other. The parties can than conduct transactions without having to post them to the Bitcoin blockchain, avoiding delays and costs that result from recording those transactions each time. Once the channel is closed, only the resulting balances are recorded on the blockchain, not the full transaction history of the channel, and only then are Bitcoin fees paid. There is no required time or transaction limit required to close a payment channel, so they can potentially remain open for months of years.

Elizabeth Stark, Lightning Labs founder and chief executive officer, says merchants and especially online businesses will be the most likely users as it facilitates a high volume of payments and its near-zero fees allow for micropayments. Cryptocurrency exchanges could also use the software to accelerate deposit and withdrawal of funds, she said.

The network is currently able to process transactions in the low thousands per second, according to Stark, which is still far from Visa Inc.’s maximum of 56,000, but an improvement on Bitcoin’s five transactions per second. More than 4,000 payment channels have been opened since the technology was released in January 2017, and even though it was in testing, some merchants already started using it. Block & Jerry’s, an online ice-cream store playing on American ice-cream brand Ben & Jerry’s, is one.

“Bitcoin enthusiasts have gotten excited about this, merchants are excited about this,” Stark said. “It feels like we’re right on the edge of mass cryptocurrency adoption.”

Tech

Posted in: Cloud Computing|Tags: , , , , , , ,
SAP seeks to speed analytics with AI technology
August 9, 2017 8:35 pm|Comments (0)

SAP wants to speed up how analytics adapt to change. It’s doing that by embedding SAP Predictive Analytics’ machine learning capabilities in S/4Hana.

“When you take something rules-based, you are not able to adapt predictions to new data,” said Mike Flannagan, SAP’s senior vice president for analytics, ahead of the company’s Sapphire Now customer conference in Orlando.

“The power of machine learning is you are able to continually update the model. Your model is running against all the data it has seen so far.”

But there’s another stumbling block to that: the computing power required for machine learning systems. “Most business apps aren’t robust enough to handle the machine learning computation,” said Flannagan. S4/Hana, on the other hand, is fast enough to embed machine-learning prediction in a core ERP system, something that was previously only possible with rules-based prediction, he said.

To read this article in full or to leave a comment, please click here

CIO Cloud Computing

Link to this post!


RSS-3

Posted in: Web Hosting News|Tags: , , ,
SAP seeks to speed analytics with AI technology
August 5, 2017 10:40 am|Comments (0)

SAP wants to speed up how analytics adapt to change. It’s doing that by embedding SAP Predictive Analytics’ machine learning capabilities in S/4Hana.

“When you take something rules-based, you are not able to adapt predictions to new data,” said Mike Flannagan, SAP’s senior vice president for analytics, ahead of the company’s Sapphire Now customer conference in Orlando.

“The power of machine learning is you are able to continually update the model. Your model is running against all the data it has seen so far.”

But there’s another stumbling block to that: the computing power required for machine learning systems. “Most business apps aren’t robust enough to handle the machine learning computation,” said Flannagan. S4/Hana, on the other hand, is fast enough to embed machine-learning prediction in a core ERP system, something that was previously only possible with rules-based prediction, he said.

To read this article in full or to leave a comment, please click here

CIO Cloud Computing

Link to this post!


RSS-3

Posted in: Web Hosting News|Tags: , , ,
AI Startup Logz.io Rides A Perfect Storm Of Technology And Market Trends
April 5, 2017 12:20 am|Comments (0)

Logz.io combines the power of 4 technology trends—open source, cloud computing, big data analytics, and machine learning—while addressing a new group of influencers in IT purchasing—DevOps staff and Site Reliability Engineers (SREs).


RSS-1

Posted in: Web Hosting News|Tags: , , , , , , ,
AI Startup Logz.io Rides A Perfect Storm Of Technology And Market Trends
April 4, 2017 11:05 am|Comments (0)

Logz.io combines the power of 4 technology trends—open source, cloud computing, big data analytics, and machine learning—while addressing a new group of influencers in IT purchasing—DevOps staff and Site Reliability Engineers (SREs).

RSS-5


RSS-4

Posted in: Web Hosting News|Tags: , , , , , , ,
VisualVault Names 20 Year Technology Veteran as Director of Partner…
January 5, 2017 4:05 pm|Comments (0)

Jason Hatch has been promoted to this key role for VisualVault’s growing global Partner program for Cloud Based, Process Automation (BPA)/Enterprise Content Management (ECM) solutions.

(PRWeb January 05, 2017)

Read the full story at http://www.prweb.com/releases/2017/01/prweb13958485.htm


All articles

Posted in: Web Hosting News|Tags: , , , , , ,
TWB_ the World Pioneer in Creating Technology Content Expands into the…
December 26, 2016 5:50 pm|Comments (0)

TWB_ announced the opening of its US HQ in Houston, TX and that industry veteran Cameron Forch will be the CEO of TWB_ USA. For the worldwide pioneer in creating technology content offshore, this will…

(PRWeb December 26, 2016)

Read the full story at http://www.prweb.com/releases/2016/12/prweb13939852.htm


All articles

Posted in: Web Hosting News|Tags: , , , , , , , ,