Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Posts Tagged ‘2018

Hack the Fax

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Your fax machine is making that awful sound and is out of paper, and oh, yeah, now it’s also being hacked.

And the 1980s wants it back, stat.

While you’re waiting for the time machine to kick in, know that CNBC is reporting that Check Point Software Technologies researchers on Sunday released a report indicating that fax machines have serious security flaws.

And those vulnerabilities could allow an attacker to steal sensitive files through a company’s network using just a phone line and a fax number.

To whit one must logically ask the question, who in 2018 is still using a fax machine?

And to which the answer is apparently tens of millions (including in those nifty all-in-one printers).

Here’s how CNBC is reporting that the hack works:

They faxed over lines of malicious code disguised as an image file to the printer, relying on the fact that no one usually checks the contents received over a fax. The file was decoded and stored in the printer’s memory, which allowed the researchers to take over the machine. From there, they were able to infiltrate the entire computer network to which the printer was connected.

These kinds, they think of everything these days. 

What’s my next, my Royal portable typewriter??

Written by turbotodd

August 13, 2018 at 9:24 am

Posted in 2018, cyber security

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Well That Was Quick

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Well it was just yesterday that The New York Times was reporting it looked as though Facebook might be making new inroads into the Chinese market.

Then, overnight, the Times further reported that a Chinese government database, which had shown Facebook had gained approval to open a subsidiary in Zhejiang province, no longer had a record of the registration.

Now the approval has been withdrawn, according to a person familiar with the matter who declined to be named because they were not authorized to speak on the record.

And the Times wrote that the move doesn’t bode well for Facebook’s Chinese renaissance:

While the about-face does not definitively end Facebook’s chances of establishing the company, it makes success very unlikely, the person said. The decision to take down the approval, the person added, came after a disagreement between officials in Zhejiang and the national internet regulator, the Cyberspace Administration of China, which was angry that it had not been consulted more closely.

Facebook back in China?  Don’t hold your breath.

Written by turbotodd

July 25, 2018 at 10:49 am

Posted in 2018, china

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Qualcomm Unveils First 5G Antennas

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Happy Monday.

First things first…big congrats to Francesco Molinari, the first-ever Italian to win a golf major, a victory he took in some tight and heated competition at Scotland’s Carnoustie (or “Car-Nas-Ty,” as the track has lovingly come to be called).

Molinari took no bogeys and two birdies in his final round of 69, one which included 25 MPH wind gusts and plenty of pressure.  Well done, sir — viva Italia!

And to better handle all those congratulatory Tweets, texts and phone calls, Qualcomm has been busy on the 5G front.

The Verge is reporting that the company may have cleared one of its first major hurdles in announcing its new QTM052 mmWave antenna modules.

These are the first that have been announced that will enable the high-speed swatch of networking spectrum to work with mobile phones.

According to the report, the tiny antenna array is roughly the size of a penny and features four antennas that accurately point toward the nearest 5G tower, and can also bounce signals off of surrounding surfaces.

It’s so small that it is designed to be able to be embedded into the bezel of a phone. The new devices are intended to be ready for market at the start of next year.

Just in case you’re wondering what 5G means in terms of enhanced speeds, some estimates have indicated it could be as much as 1 gigabit per second, about 50 times that of current mobile speeds.

That’s why you should love these little antennas. 

Written by turbotodd

July 23, 2018 at 9:52 am

Posted in 2018, 5G, pga tour, R&A

Tagged with , ,

IBM Announces 2Q18 Earnings, Revenue Up 4% YOY

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IBM announced its 2Q 2018 earnings a few moments ago.

Some highlights:

  • GAAP EPS from continuing operations of $2.61; Operating (non-GAAP) EPS of $3.08; both up 5 percent
  • GAAP Pre-tax income up 14 percent; Operating (non-GAAP) pre-tax income up 11 percent — Pre-tax margins expanded more than 100 basis points year to year
  • Revenue of $20.0 billion, up 4 percent (up 2 percent adjusting for currency)
  • Strategic imperatives revenue of $39.0 billion over last 12 months, up 15 percent (up 12 percent adjusting for currency); represents 48 percent of IBM revenue
  • Cloud revenue of $18.5 billion over last 12 months, up 23 percent (up 20 percent adjusting for currency)
  • As-a-service annual exit run rate for cloud revenue of $11.1 billion in the quarter, up 26 percent year to year (up 24 percent adjusting for currency)
  • Maintains full-year operating (non-GAAP) EPS and free cash flow expectations

“We delivered strong revenue and profit growth in the quarter, underscoring IBM’s progress and momentum in the emerging, high-value segments of the IT industry,” said Ginni Rometty, IBM chairman, president and chief executive officer. “More clients are engaging IBM on their journey to the cloud, and deploying IBM Cloud, Watson AI, analytics, blockchain and security solutions. This demonstrates IBM’s unique leadership in providing innovative technology coupled with deep industry expertise, trust and security.”

Written by turbotodd

July 18, 2018 at 3:52 pm

Posted in 2018, earnings, wall street

Tagged with , , ,

Viva France

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Viva France.

They had a great victory over Croatia yesterday evening in Moscow, 4-2, and though Goliath did end up beating David, it was a fine ending to a world class World Cup.

And now a world class futbol depression will cascade over we fans around the globe.  Four more years…until the next World Cup in sunny Qatar!

Meanwhile, for you open source software gurus you know what week it is and you may very well be headed to sunny Portland, Oregon, for #OSCON.

I’ve shared some key IBM and other inflection points here on our developerWorks OSCON Twitter moment. 

This will be my first time in Portland, where I plan on seeing some old friends and making some new ones.

Written by turbotodd

July 16, 2018 at 8:35 am

Posted in 2018

Tagged with ,

The Cost of New Breaches

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Earlier this week IBM Security released the results of a global study examining the full financial impact of a data breach on a company’s bottom line. 

Overall, the report found that the hidden costs in data breaches — lost business, negative impact on reputation and employee time spent on recovery — are difficult and expensive to manage. One-third of the cost of “mega breaches” (1 million lost records or more) were derived from lost business.

So what was the average cost of a data breach globally? $3.86 million, which was up 6.4 percent from their 2017 report.

Based on in-depth interviews with nearly 500 companies that experienced a data breach, the study analyzes hundreds of cost factors surrounding a breach, from technical investigations and recovery, to notiifications, legal and regulatory activities, and cost of lost business and reputation.

This year, the study also calculated those “mega breach” costs, projecting that those involving lost records ranging from 1 million to 50 million cost companies between $40 million and $350 million respectively.

Some other sound bytes:

  • Average cost of a data breach of 1 million compromised records is nearly $40 million dollars
  • At 50 million records, estimated total cost of a breach is $350 million dollars
  • The vast majority of these breaches (10 out of 11) stemmed from malicious and criminal attacks (as opposed to system glitches or human error)
  • The average time to detect and contain a mega breach was 365 days – almost 100 days longer than a smaller scale breach (266 days)

You can download the 2018 Cost of a Data Breach Study here.

Written by turbotodd

July 13, 2018 at 10:14 am

Broadcom to Acquire CA

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Today is apparently a big deal day. Pun intended.

But before I launch into that, let me just send out my congrats to both France and Croatia, both of whom won their respective matches against Belgium and the UK this week to go on to the World Cup Finals on Sunday in Moscow.

There’s been a lot of talk about American viewership being down for the World Cup due to the American men’s team not making the tournament.

Tell that to all the Austin bars and restaurants I saw jam packed with fans watching a whole slew of games (and clearly not all of them were expats). There’s plenty of American soccer fans who grew up playing and loving the sport, and for whom the World Cup is a soccer Superbowl on steroids.  I’m one of them, and I’ll be glued to the TV on Sunday to see if David can beat Goliath.

Now back to the deals…Broadcom has announced it will acquire IT management software company CA Technologies for $18.9 billion in cash, according to a report from CNBC.

From the statement issued by Broadcom:

Broadcom Inc. (NASDAQ: AVGO), a leading semiconductor device supplier to the wired, wireless, enterprise storage, and industrial end markets, and CA Technologies (NASDAQ: CA), one of the world’s leading providers of information technology (IT) management software and solutions, today announced that the companies have entered into a definitive agreement under which Broadcom has agreed to acquire CA to build one of the world’s leading infrastructure technology companies.

Hock Tan, President and Chief Executive Officer of Broadcom, said, ‘This transaction represents an important building block as we create one of the world’s leading infrastructure technology companies. With its sizeable installed base of customers, CA is uniquely positioned across the growing and fragmented infrastructure software market, and its mainframe and enterprise software franchises will add to our portfolio of mission critical technology businesses. We intend to continue to strengthen these franchises to meet the growing demand for infrastructure software solutions.’

But ZDNet’s Larry Dignan writes that “few investors and analysts are buying it,” suggesting it has overtones of Intel’s own failed software adventures (Wind River, McAfee…)

Macquarie Capital analyst Srini Pajjuri is quoted in the ZDNet story saying that:

History suggests that combining Semi and unrelated Software businesses is risky (Intel + McAfee). Cisco has had success transitioning from a hardware-only model to a recurring revenue model, but in Cisco’s case, software is typically bundled with its hardware solutions, which is different from the Broadcom + CA model.

Written by turbotodd

July 12, 2018 at 10:52 am

Posted in 2018, acquisitions

Tagged with , ,

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