TPG suffers data breach impacting 280,000 customers


Posted by Harry Baldock : Attackers reportedly hacked into an order management system from TPG’s subsidiary, the broadband provider iiNet Australia’s TPG has become the latest telco to suffer a major cybersecurity breach this weekend, with data having been exfiltrated from its ISP subsidiary, iiNet.

The breach occurred on August 16, where reports suggest it was quickly detected and contained. Nonetheless, the attack reportedly compromised around 280,000 active email addresses; 20,000 active landline phone numbers; 10,000 iiNet customer names, street addresses, and phone numbers; and 1,700 modem setup passwords.

“We unreservedly apologise to our iiNet customers impacted by this incident,” TPG said in a statement to the Australian Securities Exchange. “We will be taking immediate steps to contact impacted iiNet customers, advise of any actions they should take and offer our assistance. We will also contact all non-impacted iiNet customers to confirm they have not been affected.”

No sensitive customer information, like bank details or personal identity documents, was impacted by the breach, as this data was not stored in the iiNet order management system.

“We do not currently have any evidence to suggest an impact to our broader systems or other customers,” TPG said.

TPG says it is working closely with the Australian Cyber Security Centre, National Office of Cyber Security, Australian Signals Directorate, and the Office of the Australian Information Commissioner to better understand the breach and take appropriate action.

Investigations into how the attackers gained access to these systems are underway, with early indications suggesting that account credentials had been stolen from an employee.

The first half of this decade has not been kind to TPG when it comes to cybersecurity. The company’s Hosted Exchange service, which provides email hosting for iiNet and Westnet business customers, was notably hacked at the end of 2022, impacting around 15,000 business customers. The attackers appeared to be accessing customers’ cryptocurrency and financial information.

Investigations into this attack are still ongoing.

Both attacks combined, however, still pale in comparison to that experienced by TPG’s rival Optus in 2022, when bad actors gained access to the data of up to 10 million of the company’s current and former customers. Illegally obtained information included customers’ names, dates of birth, home addresses, and more.

While a ransom of $1.5 million was initially demanded for the return of the data, the attacker ultimately backed down, allegedly deleting the stolen data due to the unwanted attention it garnered from law enforcement.Keep up with all the latest telecoms news with the Total Telecom newsletter TPG suffers data breach impacting 280,000 customers | Total Telecom
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JioHotstar Sets Record with 300 Million Subscribers in 2025, Just Behind Netflix


By Shamini D: In 2025, JioHotstar, the joint venture of JioCinema and Disney+ Hotstar achieved an incredible milestone by surpassing 300 million subscribers putting it close to Netflix’s 301.6 million subscribers worldwide. It is hard to believe that JioHotstar was only at 50 million subscribers as recently as February of 2025. The catalyst for this staggering growth was the highly successful 2025 Tata IPL season.

IPL Powers a Subscription Boom

The 2025 IPL had a new viewership record for digital and television format. JioStar’s report, “A Year of Firsts” indicates 652 million views digitally versus 537 million views on TV contributing to a total viewership of an amazing 1.19 billion and 840 billion minutes watched.

On June 3, during the IPL final between Royal Challengers Bengaluru and Punjab Kings, there were a recorded 237 million digital viewers and 189 million TV viewers. JioHotstar had digital peak concurrency of 55.2 million viewers with the IPL 2025 final alone with a resultant 892 million video views on the platform.


Monetisation & Strategic Wins

Sanjog Gupta, CEO of Sports & Live Experiences at JioStar, called IPL 2025 “the most monetised sporting event ever in India” with record ad and subscription revenues. The platform also has over 1.04 billion Android downloads, strong international content and deep penetration in regional markets mainly in Telugu, Kannada and Tamil that contributed to viewer growth. JioHotstar Sets Record with 300 Million Subscribers in 2025, Just Behind Netflix
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One-in-ten UK farmers lack internet connectivity


The majority of farmers (60%) say internet connectivity is critical to running their farm, yet almost one-in-ten farms (8%) do not have any internet connectivity at all

A nationwide survey of UK farmers has revealed that poor internet connectivity risks stifling growth and productivity on Britain’s farms, with unreliable broadband holding back the adoption of new technology including AI and real-time monitoring capabilities.

The Censuswide survey, commissioned by CityFibre, the UK’s largest independent full fibre platform, found that although almost two-thirds of farmers surveyed* (60%) believe internet connectivity is critical[1] for day-to-day farming activities, nearly one-in-ten farms (8%) have no internet connectivity at all.

Against a backdrop of stubbornly low economic growth and the rapid rise in smart technology, the wide-ranging survey raises real concerns that UK farms are being held back due to poor internet connectivity. Despite almost 60% of farmers expecting their use of technology to increase[2] over the next five years, issues around reliability and speed of internet connection were cited as the second biggest barrier (42%) to their use of new farming technologies, after purchasing cost (50%).

Meanwhile, for those who already have access to full fibre broadband, almost half (47%) said the main benefit was the use of precision farming technologies that were previously unavailable to them, with greater efficiency in day-to-day operations (37%), diversification of farmland (33%) and greater access to administration tools (32%) also cited as key benefits.

However, the risks associated with poor internet connectivity go well beyond day-to-day operations, with farmer’s mental health and family life also impacted. The survey highlights the impact of social isolation among rural communities, with farmers feeling they miss out on local community matters as a result of broadband issues. Meanwhile, 9-in-10 farmers admit to avoiding using the internet during busy times of the day, causing disruption to daily schedules, especially among family members who rely on the internet for other tasks, including education and hobbies.

The findings of the comprehensive survey reinforce the importance of accelerating the rollout of full fibre internet in rural areas through government initiatives like Project Gigabit, which is delivering fast, reliable broadband to mostly rural communities which would otherwise be left behind with slow speeds. CityFibre has been awarded nine Project Gigabit contracts, totalling over £865m in government subsidies to serve more than 500,000 hard to reach homes and businesses. Alongside co-investment from CityFibre, the awards have unlocked almost £1.2bn in combined public and private investment in rural broadband.

Commenting on the survey findings, Greg Mesch, CEO, CityFibre said:“Farmers need access to the cream of the crop when it comes to connectivity, if we are going to reap the full economic and technological benefits of Britain’s farms.

“Government initiatives such as Project Gigabit are helping to bring faster internet access to rural and harder-to-reach communities and we know the difference that full fibre makes, which is why our teams are hard at work, laying miles of cable and climbing countless telegraph poles to bring faster, better broadband to millions of people.”

Mark Ullyott, a mixed arable and bed & breakfast pig farmer from Middleton-on-the-Wolds, East Riding of Yorkshire, said: “Strong internet connectivity is essential for modern-day farming – not just optional. In a world that is reliant on so many online services, it is vital to complete simple mandatory tasks that many of us take for granted, such as using basic portals.

“We are also seeing a surge in cutting edge technology being introduced across the industry, and farmers who are unable to access reliable broadband risk being left behind. Ideally we would have more options available to us, including full fibre, but at the moment, satellite internet is our only option. We simply wouldn’t be able to run the business without it.”

Rachel Hallos, NFU Vice President, said: “To confidently produce more home-grown food we need to be as efficient and productive as possible. Reliable internet and mobile access are key to achieving this. Lack of connectivity not only impacts the day-to-day operations of rural businesses but also the safety of our workforce. Leaving a farmer with no way of communicating in a crisis is dangerous, and this lack of access is preventing UK farmers and growers from doing what they do best – running successful and profitable food producing businesses.

“Better internet access can unlock greater productivity, growth and investment into the rural economy, especially at a time when businesses are being required to meet more of their legal and regulatory obligations online.”

CityFibre has begun work in nine of its Project Gigabit areas and will connect over 1.3 million homes and business across rural and hard-to-reach areas connected to full fibre broadband over the next five years. The UK government programme has already delivered on its original aim of bringing gigabit-capable connectivity to 85% of the country by the end of 2025, and is now working towards nationwide coverage by 2030.Those wanting to sign up to the CityFibre network can see when services are available in their area by using the postcode checker at www.cityfibre.com. One-in-ten UK farmers lack internet connectivity | Total Telecom
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91% of Australian teens have a phone – but many are not keeping their identity and location secure

Yeslam Al-Saggaf, Charles Sturt University and Julie Maclean, Charles Sturt University

Most Australian teenagers have their own smartphone. According to a 2023 survey, 91% of young people between 14 and 17 owned a phone.

At the same time, there is huge community concern about young people being exposed to harms online – this includes the content they consume and the interactions they might have.

But there is also concern about their privacy and security. A 2023 UK study found teenagers are overly optimistic about the degree to which they can protect their personal information online.

This is a problem because smartphones can communicate information such as identities and locations when settings are not figured correctly.

Our new project – which has been funded by the eSafety Commissioner and will soon be available online – looked at how to teach students to be safer with their phones.

What are the risks?

Without changing the default settings, a phone (or smart watch, laptop or tablet) can share information such as full names, current locations and the duration of their stay in those locations. This makes it easy for others with basic IT knowledge to create profiles of someone’s movements over time.

Children are at particular risk, as they often connect to free public Wi-Fi networks. They may also be more likely to exchange photos with strangers online and accept social media friend requests without caution.

This also puts them at increased risk of having their identity or money stolen or coming into contact with people who may wish them harm.

Our research

Our project was conducted in seven high schools in regional New South Wales between August 2023 and April 2024.

First, we set up network sensors in two schools to monitor data leakage from students’ phones. We wanted to know the extent to which they were they giving away names and locations of the students. This was conducted over several weeks to establish a baseline for their typical data leakage levels.

Next, we gave 4,460 students in seven high schools lessons in how smartphones can leak sensitive information and how to stop this. The students were shown how to turn off their Bluetooth and switch off their Wi-Fi. They were also shown how to change their Bluetooth name and switch off their location services.

We then measured data leakage after the lesson in the two schools with network sensors.

We also conducted a survey on 574 students across five other schools, to measure their knowledge before and after the lesson. Of this group, about 90% of students owned a smartphone and most were aged between 14 and 16.

What did we find?

We found a significant reduction in data leakage after students were given the lessons.

At the two schools we monitored, we found the number of identifiable phones fell by about 30% after the education session.

The survey results also indicated the lessons had been effective. There was an 85% improvement in students’ “knowledge of smartphone settings” questions.

There was also a 15% improvement in students’ use of a safer, fake name as their smartphone name after the lessons – for example, instead of “Joshua’s phone”, calling it “cool dude”.

There was a 7% increase in concern about someone knowing where they were at a particular point in time, and a 10% increase in concern about someone knowing what their regular travel route to school was.

However, despite their enhanced understanding, many students continued to keep their Wi-Fi and Bluetooth settings enabled all the time, as this gave them convenient access to school and home Wi-Fi networks and headphone connections. This is an example of the “privacy paradox” where individuals prioritise convenience over security, even when aware of the risks.

How can students keep their phones safe?

There are three things young people – and others – can do to keep their smartphones safe.

1. Switch off services you don’t use

Phone owners should ask themselves: do I really need to keep all the available services on? If they are not using Wi-Fi, Bluetooth or location services (such as Snap Map, where you share your location with friends), they should turn them off.

As our research indicated, young people are unlikely to do this because it is inconvenient. Many young people want to connect to their headphones at all times so they can listen to music, watch videos and talk to friends.

2. Hide the device

If teens can’t switch off these services, they can at least de-identify their device by replacing their real name on the phone with something else. They can use a name parents and friends will recognise but will not link them to their other data.

They can also hide their device by not giving away the type of phone they are using (this can be done in general settings). This will prevent cyber attackers from linking their phone to the security vulnerabilities with their make of phone.

3. Control each app

Ideally, students should also go in and check smartphone settings for individual apps as well – and turn off services for apps that don’t require them. It is now easy to find out which apps have access to location services and your phone’s camera or microphone.The Conversation

Yeslam Al-Saggaf, Professor in Computing, Charles Sturt University and Julie Maclean, Researcher in Computing, Charles Sturt University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

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Way to get back old layout of Facebook


The social media platform 'Facebook' has given a new design layout since the beginning of this month. However, many people did not understand this new layout properly.

Many people are having trouble understanding many things of the new Facebook layout. 

Nevertheless, section 3.2 of Facebook's Terms of Service will be updated from October 1 though many users have got the new layout in the meantime. 

Many users feel disturbing to this new update. However, Google Chrome users on the computer can go back to the old layout from the new Facebook layout if they want.

In this case, if you add 'Old Layout for Facebook' with the ad extension of Google Chrome, you will get back the old layout of Facebook. Source: https://www.daily-bangladesh.com
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Twitter account of PM Modi's personal website hacked

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Twitter said it has fixed the account of Prime Minister Narendra Modi's personal website that was briefly hacked in the wee hours and tweets asking people to donate Bitcoin and other cryptocurrencies were posted on it. Twitter said it has secured the compromised account known as @narendramodi_in.

The affected account is linked to PM Modi's personal website and has more than 2.5 million followers.

"We are actively investigating the situation. At this time, we are not aware of additional accounts being impacted," a Twitter spokesperson said in a statement.

According to Twitter, this breach was not due to a compromise of its systems or service.

"There is no indication or evidence of any correlation between this account compromise and the incident that took place in July," the company said in a statement shared with IANS.

Twitter faced a mega crypto hack in July that spread a Bitcoin scam by hijacking accounts of high-profile celebrities, politicians and businesses as a result of a phone spear-phishing attack.

"I appeal to you all to donate generously to PM National Relief Fund for Covid-19, Now India begin with crypto currency, Kindly Donate eth (Ethereum) 0xae073DB1e5752faFF169B1ede7E8E94bF7f80Be6 (sic)," read one tweet from the hackers.

Ethereum is the second-largest cryptocurrency platform by market capitalisation, behind Bitcoin.

Another tweet read: "I appeal to you all to donate generously to PM National Relief Fund for Covid-19, Now India begin with crypto currency, Kindly Donate Bitcoin to 0xae073DB1e5752faFF169B1ede7E8E94bF7f80Be6 (sic) #eth #crypto".

The tweets were later taken down by Twitter Source: https://southasiamonitor.org/
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Facebook CEO apologizes for data misuse

Facebook CEO Mark Zuckerberg (C) testifies at a joint hearing of the Senate Judiciary and Commerce committees on Capitol Hill in Washington D.C., United States, on April 10, 2018. [Photo/Xinhua]

Facebook CEO Mark Zuckerberg told Congress in written testimony on Monday that he is "responsible for" not preventing the social media platform from being used for harm, including fake news, foreign interference in elections and hate speech.

"We didn't take a broad enough view of our responsibility, and that was a big mistake," he said in the prepared testimony released by the U.S. House Energy and Commerce Committee.

"It was my mistake, and I'm sorry. I started Facebook, I run it, and I'm responsible for what happens here," he said in the remarks he is expected to deliver in a hearing on Wednesday.

His apology came after Facebook is embroiled in a widening scandal that a British data firm called Cambridge Analytica had improperly gathered detailed Facebook information on 87 million users, up from a previous estimate of more than 50 million.

Also, Facebook revealed on Wednesday that outsiders took advantage of search tools on its platform, making it possible for them to collect personal information on most of its 2 billion users worldwide without the users' explicit permission.

This was Zuckerberg's latest apology for the personal data leak and he vowed to plug the vulnerabilities while attempting to defend himself by listing the company's measures to protect user privacy in past years.

He said Facebook had changed the entire platform in 2014 to "dramatically limit the Facebook information apps could access."

Moreover, Facebook banned Aleksandr Kogan, a Cambridge University researcher who leaked the data to Cambridge Analytica, from using Facebook data in 2015, and certified that "they had deleted all improperly acquired data," according to Zuckerberg.

But he didn't explain why and how Cambridge Analytica still managed to misuse the personal data afterwards.

Zuckerberg pledged to limit the information the platform developers can access and they have to get users' approval.

The leaked data was said to be inappropriately used by Cambridge Analytica in activities allegedly connected with U.S. President Donald Trump's election campaign in 2016. Source: China.org.cn
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New UK homes to have superfast broadband


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  • The government has worked with Openreach – BT’s local access network business – and the Home Builders Federation (HBF) on an agreement which aims to deliver superfast broadband connectivity to new build properties in the UK.
  • The new deal will see fibre based broadband offered to all new developments either for free or as part of a co-funded initiative. It is estimated that more than half of all new build properties can be connected to fibre broadband free of charge to developers.
  • As part of the agreement, Openreach is introducing an online planning tool for homebuilders. This will tell them whether properties in a given development can be connected to fibre for free, or if a contribution is needed from the developer to jointly fund the deployment of the local fibre network.
  • Effective immediately, the housing industry will have access to a ‘rate card’ from Openreach which details the fixed cost contributions required by homebuilders in those cases where joint funding is required. Openreach will make a significant contribution itself before seeking any funds from developers. HBF will promote and support uptake of the co-funding offer amongst their members, and emphasise the need to plan for connectivity early in the development.
  • This new offer sets a high bar for all suppliers and developers in the market, and Government will be working with industry closely to monitor success over the next year.
  • Digital Economy Minister Ed Vaizey said: “The government’s ambition to build 1 million new homes over the course of this Parliament will house families and future generations to come. Broadband connectivity is just one thing that home buyers now expect when buying a new build, so this industry-led push to make superfast, or indeed ultrafast, broadband speeds available by default in new homes represents a very important step in meeting the UK’s digital needs.”
  • Clive Selley, CEO Openreach, said: “This is an important step towards bringing fibre broadband to as many new build properties as possible. We recognise that high speed broadband connectivity is a major factor for homeowners when deciding to buy a house. That’s why we’re offering to deliver fibre to all new build developments either for free or as a co-funded model. With the support of the HBF we’ve delivered a series of measures to give developers greater clarity, choice and more funding. Today’s announcement underlines Openreach’s commitment to further extend its fibre network – which reaches more than 24m premises – to benefit even more communities across the country.”
  • Stewart Baseley, executive chairman of the HBF added: “Housebuilders are constantly striving to deliver on and surpass the expectations of customers as we continue to see housing supply grow. Broadband speeds are an increasingly important factor in the home buying process and this offer to developers will see more new build purchasers benefit from the very best connectivity to go alongside the many other advantages of purchasing a brand new home.”Source: Advanced-television.com
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Google pioneer Amit Singhal retires; Giannandrea to take over

domain-b: Google parent Alphabet Inc said on Wednesday that Singhal, the long-time chief of its internet search business, will retire. He will be replaced by John Giannandrea, the vice president of engineering who heads its efforts in machine learning, the process in which computers improve performance by analysing users' actions. Singhal joined Google in 2000, two years after the company was founded by Larry Page and Sergey Brin. During his tenure Google developed Adwords, the technology that targets ads based on users' searches, and one of its biggest money-makers. His last day is 26 February. In a blog post announcing the move, Singhal said he will spend the next 15 years giving back to ''people who are less fortunate''. Analysts said Google's decision to replace Amit Singhal with Alphabet Inc's Giannandrea was a sign features dependent on machine learning, such as Google's personal assistant, which answers questions and conducts searches with the push of a button, will play a larger part in the future of search. ''The fact that they got the head of artificial intelligence to take over the role is very telling of where they expect to evolve going forward,'' Sameet Sinha, a senior equity analyst at B Riley & Co, told Reuters. In an emailed statement, Google called machine learning ''crucial to our search vision of building a truly intelligent assistant that connects our users to information and actions in the real world.'' Giannandrea's work introduced the technology to products such as image recognition for Google Photos search, which searches through online images, and the smart reply for Google Inbox, which provides automatic reply suggestions for emails. Google's stock fell after Singhal announced his retirement. While analysts were hesitant to cite his departure as the primary reason for the stock hit, several said it was a factor. ''Amit was very well respected and had been at Google from the start and helped to define search as we know it,'' said Sinha. Recon Capital Partners Chief Investment Officer Kevin Kelly said ''weakness in tech stocks that are trading at high valuations'' as well as Singhal's departure were at play in the stock's decline. Source: domain-b.com
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Alibaba to invest $1.25b in food delivery app ele.me

A deliveryman of Chinese food delivery company Ele.me prepares to deliver meals. (file photo)
E-commerce giant Alibaba Group Holding Ltd is said to have invested $1.25 billion in ele.me, becoming the biggest shareholder of the food delivery application. According to a report from caixin.com on Friday, the two parties have already reached an agreement but the deal is expected to be completed after China's Spring Festival in February 2016. The investment is expected to give Alibaba about a 30 percent stake in ele.me. Ele.me, which announced its latest fundraising of $630 million in August, is expected to see its estimated value boost to $4.5 billion after Alibaba's cash injection. Both Alibaba and ele.me, when reached by China Daily on Friday, said they could not comment on market speculation. Analysts said that it is important for ele.me to land investment as the online food delivery market in China requires cash-burning competition to gain market share. The deal is also able to help Alibaba gain a stronger foothold in China's online-to-offline dining market. Ele.me, which was launched in Shanghai in 2009, is a major player in China's booming online food delivery market. According to a report released by iResearch Consulting Group, the online food delivery market, which had overall transactions of 9.51 billion yuan ($1.47 billion) in 2014, has huge potential in China. Source: China.org.cn
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Yahoo may go for major restructuring: report


Yahoo Inc may make big changes to its media unit, restructuring and consolidating it, including making cuts and pulling the shutters on some efforts, tech news site Re/code said. The changes could be announced inside Yahoo this week, part of a series of recommendations by consulting company McKinsey & Co, the report said, citing sources close to the situation. The move is seen as rejection of chief executive Marissa Mayer's plan to sell the $30 billion Alibaba stake and to revive Yahoo's core internet unit focusing on growing mobile, video and social media ads. Yahoo was not immediately available for comment. Yahoo's board members are yet to decide whether to sell the company's core business, which includes Mail, its sports sites, and advertising technology. The company, which was also in the process of deciding whether to continue with the spinoff of its $30 billion stake in Chinese e-commerce company Alibaba Group Holdings Ltd, is reported to have abandoned plans to spin it off. CNBC television reported on Tuesday citing unnamed sources that Yahoo had changed its position in light of uncertainly about the possible tax consequences of the transaction - a complex deal in which Yahoo would establish a new entity to hold the Alibaba shares.Source: Article
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402m Indians on the net, 2nd most in the world

The number of internet users in India is expected to reach 402 million by December 2015, registering a growth of 49% over last year, says a report by industry body IAMAI. About 306 million of these will access internet from their mobile devices, up from 276 million in October this year, according to the report by Internet and Mobile Association of India and IMRB. "While internet in India took more than a decade to move from 10 million to 100 million and 3 years from 100 to 200 million, it took only a year to move from 300 to 400 million users. Clearly, internet is mainstream in India today," the report said. This number is expected to further surge to 462 million by June next year as more people come online, especially through their mobile devices. The total internet user base stood at over 300 million in December last year, which grew to 375 million by October this year. "Currently, India has the third largest internet user base in the world but it is estimated that by December, India will overtake the US (as the second-largest base). China currently leads with more than 600 million internet users," it said. The report said mobile internet user base in urban India has grown 65% over last year to reach 197 million, while the rural user base surged 99% to 80 million by October this year. This is expected to grow to 219 million (urban) and 87 million (rural), respectively.It also found that of all the internet non-users surveyed in the 35 cities as part of this study, 11.4 million said they are willing to access the internet in the next one year with over two-thirds intending to do so through mobile phones. Source: Article
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Apple wins anti-piracy patent infringement cases against Content Guard


A US jury yesterday cleared Apple Inc in five anti-piracy patent infringement cases brought by ContentGuard Holdings, a Pendrell Corp subsidiary, in a Texas federal court. ContentGuard, was formed in 2000 as a partnership between Xerox and Microsoft to establish a digital rights management business. It is currently owned by the Pendrell Corp, a publicly traded patent management company, and Time Warner. The jury further found that the iPhone maker did not prove that the patents were invalid. ContentGuard Holdings was not awarded any damages. Samuel Baxter, an attorney for ContentGuard, said they were disappointed by the outcome and evaluating options. Earlier a jury in a separate case in the same court in September cleared Google of infringing the same five patents. That case also saw Samsung Electronics Co Ltd being cleared of the charges. ContentGuard took Apple to court in 2013 and Google and Samsung in 2014 over alleged infringement of several anti-piracy patents that helped to restrict content to authorised users. It alleged Apple infringed by making and selling its popular devices, which used the iTunes and iBooks applications, to distribute DRM-protected songs, movies, TV shows and books. Denying any infringement Apple contended the patents were invalid. Apple stood accused of illegally applying patented DRM technologies to its digital content distribution services, including music, movies and TV shows sold through iTunes and e-books marketed in iBooks. DRM or Digital Rights Management aims to prevent unauthorised redistribution of digital media and restrict the ways consumers can copy their purchased content. DRM follows a systematic approach to copyright protection of digital media. Source: ArticleImage: flickr.com
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Snapdeal offers Maggi noodles on 'flash sale'


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Marking a first for a food product, Nestle's Maggi noodles is being sold via unique "flash sale model" on e-commerce platform Snapdeal, with the online retailer seeking pre-registrations of buyers for the instant noodles brand that made a comeback Monday after a gap of five months. Maggi was banned after it was to have lead content allegedly beyond permissible limits. Flash sales or deal-of-the-day is an e-commerce business model in which a website offers a single product for sale for a limited period of time. Potential customers have to register to avail the deal. Snapdeal opened up registrations Monday evening and the sale will begin from 12 November. The e-commerce company, however, did not disclose the quantity of packets that will go on sale but merely said "limited stock will be available". Maggi is back on retail shelves in select markets from Monday, five months after it was banned. Nestle India, which sells the Maggi brand, is rolling out the product in a staggered manner across the country, except in eight states where it is still not allowed. Maggi has been relaunched in 100 towns through 300-odd distributors and will be rolled out in many more areas in the coming days, Nestle India's new chairman and managing director Suresh Narayanan said. The popular brand of noodles had passed tests by three government-accredited laboratories, as ordered by the Bombay High Court which in August had lifted its ban on the instant noodles that was imposed by food safety regulators. Nestle India's new boss, Suresh Narayanan, has told the BBC the tests which were carried out on the noodles were "highly unreliable''.It paved way for Nestle India to bring back Maggi in the market after it was banned in June by Food Safety and Standards Authority of India (FSSAI) which stated that it was "unsafe and hazardous" for consumption due to presence of lead beyond permissible limits. The company withdrew the noodles brand from the market. Nestle had to destroy 400 million packets of Maggi products and stop production in the wake of the tests. The product recall cost the company $67 million. Source: ArticleImage
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Google restructured under holding arm `Alphabet', Sundar Pichai made CEO


IT bellwether Google has announced the creation of a holding company, called `Alphabet', as the internet search giant restructures its varied businesses, including its core search business. Google co-founder and CEO Larry Page announced the creation of the new parent company for Google and all of its various offsprings. Speaking for his fellow Google co-founder Sergey Brin, Page called the creation of Alphabet ''a very exciting new chapter in the life of Google.'' Page and Brin will be the CEO and president of Alphabet, respectively. Google's chairman, Eric Schmidt, will continue in that role at Alphabet as well. The new holding company will have Google as its largest subsidiary, which will be headed by Sundar Pichai, the India-born products head of the search company. As Google's product head since October last year, Pichai has overseen its day-to-day operations. ''The new umbrella company will include Google spinoffs like its health effort, Life Sciences, and longevity research arm, Calico. The mad scientist paradise known as X lab will also become its own company, as will Nest and Fiber,'' Google stated in a blog post. Ventures, Capital, Sidewalk, and the drone-delivery service wing will also become separate companies under Alphabet's umbrella. ''Under the new operating structure, its main Google business will include search, ads, maps, apps, YouTube and Android and the related technical infrastructure (the 'Google business'),'' according to an SEC filing. Page said the creation of Alphabet may hamper Google's growth for now as it slims by spinning off some of its businesses. But it will emerge stronger going forward. Google stock will become Alphabet stock, and everyone will be confused about what this means for a little while, he said. But, he said, ''Google is not a conventional company. We do not intend to become one.'' As part of that, we also said that you could expect us to make ''smaller bets in areas that might seem very speculative or even strange when compared to our current businesses.'' From the start, we've always strived to do more, and to do important and meaningful things with the resources we have. ''We did a lot of things that seemed crazy at the time. Many of those crazy things now have over a billion users, like Google Maps, YouTube, Chrome, and Android. And we haven't stopped there. We are still trying to do things other people think are crazy but we are super excited about. ''We've long believed that over time companies tend to get comfortable doing the same thing, just making incremental changes. But in the technology industry, where revolutionary ideas drive the next big growth areas, you need to be a bit uncomfortable to stay relevant. ''Our company is operating well today, but we think we can make it cleaner and more accountable. So we are creating a new company, called Alphabet. I am really excited to be running Alphabet as CEO with help from my capable partner, Sergey, as President,'' wrote Lary Page in a blog post. Speaking of the points of confusion, what's up with that name? Page explains, ''We liked the name Alphabet because it means a collection of letters that represent language, one of humanity's most important innovations, and is the core of how we index with Google search! We also like that it means alpha-bet (Alpha is investment return above benchmark), which we strive for! Okay! So Alphabet implies control over all communication and the future of business growth. Got it. Good.'' Source: ArticleImage: flickr.com
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Facebook to test drone `Aquila' for internet access in remote areas

Facebook has revealed its first full-scale drone, which would be used to provide internet access in remote parts of the world. The solar-powered drone, code-named ''Aquila,'' would be able to stay up in the air for three months at a stretch, sending data to a base station on the ground using a laser. The company planned to use a linked network of drones to provide internet access to large rural areas. However, as with its Internet.org project, Facebook would not be dealing with customers directly, rather it would use local ISPs to offer the service. Jay Parikh, Facebook's vice-president of engineering, said: ''Our mission is to connect everybody in the world. This is going to be a great opportunity for us to motivate the industry to move faster on this technology.'' The social network said it would test the aircraft, which has the wingspan of a Boeing 737, in the US later this year. According to Yael Maguire, the company's engineering director of connectivity, the plane would operate between 60,000ft (18km) and 90,000ft (27km) - above the altitude of commercial airplanes - so it would not be affected by weather. The plane would fly at the maximum altitude during the day, before gliding slowly down to its lowest level to conserve power when its solar panels were not receiving charge. The sun-powered Aquila drone was built over 14 months ago and it would be in the air for 90 days at a time. It would be launched with helium balloons to be able to achieve its altitude. The Aquila programme was tested in The UK in March, and was expected to increase the internet speed and provide access to about 10 per cent of the population who did not have connections, and who were far from landlines and cell towers. The social network's Internet.org initiative was targeted by activists for providing users with a limited version of the web. Internet.org customers who accessed the internet for free, would only have access to selected services like weather, job listing, Facebook and Wikipedia. Source: ArticleImage: flickr.com
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Zoho to aid SMBs embark on IT journey

By S Shyamala Aug 04 2015 , Chennai, IT products company Zoho Corp is improving its presence and focus in the Indian market. The company that competes with the likes of Salesforce.com, Google For Work and Microsoft Office365 in the rest of the world is hoping to break into India with customised product offerings for SMBs. It launched two products on Tuesday, both created end to end in India. Zoho launched the New Zoho Mail and Zoho SalesIQ on Tuesday. While the former brings social-media-like communication features to Zoho’s email service Zoho Mail, Zoho SalesIQ is a product meant for businesses to manage their customer-facing portals by tracking leads, analysing traffic and servicing customers better. “From serving the world out of India, businesses are moving to making software in India. Zoho has progressed to the next step—innovating out of India,” said Sridhar Vembu, chief executive officer of Zoho Corp. “Our vision has always been to be a global product company. This meant building world-class software, competing with world leaders like Google and Microsoft, and supporting global customers—all from India. Today we have over 15 million users spread across 120 countries, and a product portfolio broader and more integrated than that of any cloud software company.” The Zoho Suite has about 25 products including CRM, mail, Office Suite (such as a word processing application, spreadsheet and presentations), project management, invoicing and web conferencing. The company has the complete package for SMEs to start their IT journey, Vembu said. The 3,000-employee strong company has a vast majority of them based in Chennai and has been focusing on developed markets such as USA and Europe until recently. It is privately held without any venture capitalist backing. The Zoho.in package available for Indian users is free for the first 25 users in any business. Up to 25 users can get free business-class email accounts in Zoho Mail. Businesses can create unlimited websites using Zoho Sites' drag-and-drop interface. The company has announced similar offers for its new products. For New Zoho Mail, the first 25 mailboxes, with 5GB storage per user are free. The paid packages include a standard 10GB (Rs 150), a standard 15GB (Rs 210) and a premium, which has 25GB per user (Rs 600). All rates are per user, per month. The enhanced email application would be available for all from August 15. On the other hand, Zoho SalesIQ is available immediately. The free version is for two users, and one website, engaging 5,000 visitors/month, and supports 100 chat sessions a month. The paid packages include a basic (Rs 1,140/month), a professional (Rs 3,540/month) and an enterprise (Rs 7,740/month) option. “The company is trying to break the initial hurdles that keep SMBs from embarking on the IT journey,” Vembu told FC. “Once they get a feel of IT products and what they can do for their businesses, firms would want more of them to run their organisations better. The basic services will be free and when companies start to grow, they will need add-ons, for which they pay. For example, it may be Rs 150 per mailbox per person. Overall, Zoho subscription per month will be less than an SMB’s mobile bill.” shyamalaseetharaman@mydigitalfc.com, Source: mydigitalfc.com
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Google shares zoom 16.3%, add $65 bn market value in a day

Google Inc's shares shot up 16.3 per cent at close at $699.62 yesterday, adding about $65 billion to its market value, with strong growth in YouTube viewership easing up investor concerns about Facebook Inc's push into video. Google's class A shares rose to the largest in a single-day percentage change in over seven years yesterday. The surge, which came after the search giant posted better-than-expected profit for the first time in six quarters, saw the Nasdaq composite index rise to a record intra-day high. The rise in the company's market value was more than the total market capitalisation of Caterpillar Inc, the world's biggest construction equipment maker. Google's shares were up at a record high of $703, valuing it at $471.50 billion and consolidating its position as the world's second-most valuable company after Apple Inc. At least 27 brokerages increased the targets on the company's stock, with analysts also hailing new chief financial officer Ruth Porat's disciplined spending approach. Google will be valued at $545 billion at the highest price target of $800. Apple is valued at around $740 billion. According to analysts, Porat who joined in May from investment bank Morgan Stanley, is likely to drive the stock in the short and medium term with her energy, analysts say. Meanwhile, the Nasdaq closed at a record high for the second straight session yesterday, vaulting over 0.9 per cent following the Google surge. The tech-rich Nasdaq Composite Index shot up 46.96 points (0.91 per cent) to 5,210.14. The Dow Jones Industrial Average fell 33.80 (0.19 per cent) to 18,086.45, as the broad-based S&P 500 added 2.35 (0.11 per cent) at 2,126.64. Google also gave a bullish outlook on its YouTube business and hinted that a cash return to shareholders was in the offing. The share price spike added about $4 billion each to the fortunes of co-founders Larry Page and Sergey Brin. Google's gain also delivered a hefty boost to the S&P 500, as well, adding more than 6 points to the S&P yesterday, according to S&P Dow Jones Indices senior index analyst Howard Silverblatt. Google beat analysts' expectations in the earnings it reported after Thursday's close, earning $ 6.99 per share on $ 17.83 in revenue. Source: ArticleImage: flickr.com
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Yahoo to spin off its $32-bn Alibaba stake into 'Aabaco Holdings'


Yahoo Inc on Friday announced plans to spin off its stake in Chinese e-commerce giant Alibaba into an independent public company that will be called Aabaco Holdings. According to a regulatory document filed by Yahoo late on Friday, the new company will own Yahoo's nearly 384 million shares of Alibaba stock, or about 15 per cent of the overall number. Yahoo's stake in Alibaba is currently worth more than $32 billion and that would make Aabaco Holdings a sizable company, at least in terms of value. Aabaco will wind up owning approximately 384 million shares of Alibaba Group, representing an interest of about 15 per cent, according to a filing with the US Securities and Exchange Commission. Yahoo CEO Marissa Mayer had, in January, announced the plans, after pressure from investors. It also offers a chance for Mayer to show she can lead the company to new heights. The spinoff is expected to be completed in the fourth quarter of 2015, Yahoo said in a statement. Once complete, Yahoo as a company won't own any of the shares, which will instead be distributed among Yahoo stockholders. Yahoo will also transfer to Aabaco its services for small businesses that it hosts in its internet cloud. Yahoo, however, will get its tax bill reduced when it sells the shares. But that would need confirmation from the Internal Revenue Service (IRS), the company warned in its filing. Yahoo is awaiting a ruling by the IRS about what portion of the transaction will be tax-free. Yahoo bought a 40-per cent stake in the Chinese company in 2005 for $1 billion. The current stake of around 15 per cent is worth over $30 billion, based on the Alibaba share price on Friday. Mayer, an established Silicon Valley engineer and a top executive at Google for the past 13 years, prior to becoming Yahoo's third CEO in a year in 2012, had been responsible for developing many of Google's services that have diminished Yahoo appeal among web surfers. Source: Article,
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How to protect your business from fraud

Fraud
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What can your business do to keep safe from the most common scams and online threats?
Fraud is big business, and, according to the National Fraud Authority's 2013 Annual Fraud Indicator Report, the cost of this crime to the UK economy was £52 billion in 2013. As many as 27 per cent of businesses incurred a fraud in that period, and common threats include internal fraud, identity fraud and cybercrime. Despite these dangers, many companies have inadequate systems in place to protect themselves. However, those that do take proactive steps can prevent losses and lessen the impact of fraud where it does occur. So what can your business do to protect itself and minimise the risks? What policies should you consider? And what are the competitive advantages that such diligence brings to a forward-thinking company? Identifying Fraud: The first step is being able to identify that fraud is taking place - and this may be harder than it sounds.Kaley Crossthwaite, Partner and Head of Forensic Accounting at BDO LLP, says: "from a company perspective, common features where fraud occurs are: poor systems and controls, a lack of due diligence, and where there is no whistleblowing programme." She says that businesses that provide regular fraud training and awareness for all staff can often profit from the investment of time and resources. Crossthwaite also says it is critical to have procedures in place for the point when fraud is discovered. "Think about the effectiveness of your fraud response," she says. "For instance, immediately confronting the suspect might lead to evidence being destroyed. If and when you discover a fraud, you will be distressed, so you need to have a comprehensive plan in place." It is also important for large businesses to have a fraud department with a clearly defined prevention strategy detailing controls and procedures to prevent fraud before it happens. Internal fraud: According to the Annual Fraud Indicator Report, internal fraud made up 49 per cent of all business fraud in 2013, compared with cybercrime, at 37 per cent. Fraudsters often require people within the company to make scams work, and dishonest employees can exploit their insider knowledge to siphon off money. One of the most critical ways to prevent fraud, therefore, is to make sure fraudsters don't enter your business in the first place. A recent study, published in the Daily Telegraph found that up to a third of employers take CVs at face value, failing to ask to see proof of degrees, A-levels or GCSEs. Research by Higher Education Degree Datacheck – a government-backed service – found that many companies fail to pick up CV fraud simply because they do not run the appropriate checks. To ensure that your business has the right people, it is imperative that each candidate is subjected to proper scrutiny before being hired. In their guide to fighting fraud, the Metropolitan Police recommend conducting background checks – which could include police checks – before taking on new members of staff. Risks to UK Businesses: A big part of fraud prevention is knowing where the risks lie, as well as understanding the potential threats and knowing how to deal with them when they arise. The simple truth is that common sense and due diligence can go a long way towards protecting your business. Fraud can occur in the most obvious of places. For example, unauthorised changes of supplier details and interception of cheques are widespread problems. A simple way to prevent this fraud is to call your supplier and check that they have requested a change in details, and to ensure that your post is kept as secure as possible; for example, by not leaving it unattended in post rooms or common areas of your building(s). Preventing Fraud: The best way to avoid such threats is to communicate the risks to staff and know where to look for vulnerabilities, according to Simon Carnell, Vice President, Fraud Risk, Personal and Corporate Banking at Barclays. "With internal fraud you need to know where the weaknesses are," he says. "Employees will know the weaknesses of your controls and how to get around them. Businesses need to know where those are and protect against them. Ask yourself where the biggest risk is and always ensure you are spending the right amount of time on the right fraud controls." According to the Annual Fraud Indicator Report, most fraud - about 60 per cent - is detected by internal controls. There are some simple automated systems that can be used, depending on the business, such as running a report to detect unusual payments to a single bank account number. Identify where your Achilles heel may be and talk to your staff. "They undertake the operational activity on a daily basis and know where the weaknesses are," says Carnell. "We've seen a number of frauds recently that have resulted from accounts teams making payments on the strength of a phone call - it's a social engineering scam. People need to be able to challenge things that they feel may not be right and be supported when they do. For example if the policy is not to make payments on the strength of a telephone call no matter who asks, then staff should be able to enforce this." Cybercrime: The ever-growing dominance of the internet and digital technologies represent a huge opportunity for businesses. According to figures released by the consultancy Capgemini, UK consumers spent £91 billion online in 2013 and are on course to spend £107 billion this year. However, this growth of internet usage also creates opportunities for cybercrime that businesses need to consider. Protecting yourself from fraud and keeping customers' data safe is therefore critical. Risks are present from malware and hacking, and increased connectivity from mobile devices to cloud computing has further opened the door for cybercriminals. Ensuring your employees are vigilant by providing training on the main dangers and by not assuming that employees are aware of the threats will help guard against these dangers. Widespread fraud trends: Carnell says that in recent years cybercrime has become increasingly widespread. Online threats are growing both in number and sophistication. In the last decade, phishing – a scam in which criminals attempt to acquire private information such as usernames, passwords and credit card details – has been on the rise. Malware and ransomware – different types of malicious programs that infect a user's computer to gather information or help a hacker to extort money – have also increased in both prevalence and complexity. "What we're seeing right now is that in a world where fraud is becoming more automated, the cyber influence - the use of electronic communications and malware to defraud customers - is everywhere," Carnell says. "The scale and geographic nature of the fraud is making it difficult for companies and police forces to get a grip on it. You can now have the victim and the beneficiary in different geographies which makes it harder for the authorities. The main message we would send to businesses is ensuring that everybody knows what's expected of them and what the risks are." Benefits of good fraud control: "It's essential that you and your employees understand the risks of fraud. You will have a more secure business and everybody will know where they are in terms of what they can and cannot do," Carnell says. As responsive businesses are aware, prevention is far better than cure when it comes to fraud. Verify the degree qualification of UK graduates for free (degree certificate needed): hedd.ac.uk/index.htm, Try the free Fraud Resilience Self-Assessment Tool: safr.bdo.co.uk/fraud, Test network security against cyber-attacks at Get Safe Online: getsafeonline.org. For further concise, balanced comment and analysis on the week's news, try The Week magazine. Subscribe today and get 6 issues completely free. Source: The Week UK
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