Shaun Nichols

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How to upgrade cities to 40Gbps broadband without replacing today's fiber network

Verizon will soon test communications gear that can provide next-generation 40Gbps fiber broadband services in America. Crucially, the hardware is compatible with today's fiber lines, meaning it can be deployed to massively boost speeds without the need to dig up and replace the miles of cables running underneath our cities …
Shaun Nichols, 27 Jul 2016
Facebook's Mark Zuckerberg, speaking at the 2015 F8 conference

Facebook is unstoppable

Facebook today revealed its financial figures for Q2 2016 – the three months to June 30 – and if you're an FB hater, prepare to be disappointed. Revenue: $6.4bn, up 59 per cent year on year from $4bn. Profit: $2bn, up 186 per cent from $719m. Earnings per share: 71 cents, up from 25 cents. Daily active users: 1.13 billion …
Shaun Nichols, 27 Jul 2016

Couple in the cooler for sucking $1m out of Uncle Sam via IRS 'Get Transcript' scam

Two people have been jailed for their involvement in a scam that exploited the US IRS "Get Transcript" website to defraud the American government. A couple from Austell, Georgia, laundered more than $1m as part of a larger swindle that abused weaknesses in the taxmen's website to get the personal data needed to file fraudulent …
Shaun Nichols, 27 Jul 2016

Comcast bleeds cash, users

While other US telcos have had a rough go of it this financial quarter, T-Mobile US and Comcast had good and bad news for Q2 2016 to share with investors this week. For Comcast, in the three months to June 30: Revenues of $19.3bn, up 2.8 per cent on the year-ago quarter. Net income of $2bn, down 10 per cent from $2.2bn a …
Shaun Nichols, 27 Jul 2016

Ex-Citibank IT bloke wiped bank's core routers, will now spend 21 months in the clink

A former employee of Citibank has been sentenced to 21 months in prison for crippling the bank's internal network. Lennon Ray Brown was given the nearly two-year jail term – along with a $77,000 fine – by a Northern Texas District Court this week after he pleaded guilty to one count of intentional damage to a computer. Brown …
Shaun Nichols, 27 Jul 2016

Pokemon GO-ZILLA: Safety fears after monsters appear in Fukushima danger zone

Japan's Tokyo Electric Power Co is upset that Pokemon Go players on the hunt for monsters are being lured into the Fukushima Nuclear Exclusion Zone. The fictional creatures were apparently spotted close to the destroyed Daiichi nuclear reactors by Tepco officials. The presence of the collectible cyber-animals could tempt …
Shaun Nichols, 27 Jul 2016
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Twitter: $602m into -$107m

Twitter staved its losses, grew sales, increased its number of users – and still its stock has tanked today. Nothing is working. The microblogging website reported on Tuesday its financial figures for its second quarter of 2016, and – yup – it's another profit-free three months: it recorded a $107m loss, which is better than …
Shaun Nichols, 27 Jul 2016
Tim Cook, photo by JStone via Shutterstock

What's losing steam at Apple? Pretty much everything

Apple is trying to put the best face on another bad quarter by saying it has exceeded its own meager expectations. The Cupertino giant had previously warned that its revenues would be down, and Apple execs boasted that they at least were at the high end of those lowered expectations. For Apple's fiscal 2016 Q3, ended June 25 …
Shaun Nichols, 26 Jul 2016
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Anti-theft kill switches in smartphones just got a little less creepy

Some of the largest smartphone vendors and mobile carriers in the US say they have hit a milestone in the use of privacy-friendly anti-theft tools. The 16 members of the Smartphone Anti-Theft Voluntary Committee said Tuesday that as of the end of the month, all smartphones they ship and activate in the US will not only be pre- …
Shaun Nichols, 26 Jul 2016
Verizon corporate building

Verizon blames striking workers for dent in sales

Fresh from its $4.8bn acquisition of Yahoo!, Verizon says its sales dropped five per cent year-on-year in its latest quarter, the three months to the end of June. Essentially, US telecom giant's wireless and wireline revenues fell over the year-ago quarter. Here's a summary of VZ's Q2 2016 results: Revenues of $30.5bn were …
Shaun Nichols, 26 Jul 2016

Hacked? Call White House

President Obama has published a directive aimed at establishing a clear chain of command for reporting cyber attacks. The Presidential Policy Directive for incident reports lays out the process for private companies to report a hacker attack to the federal government. This, the White House hopes, will not only give businesses …
Shaun Nichols, 26 Jul 2016

Florida Man cleared of money laundering after selling Bitcoins to Agent Ponzi

A money-laundering case in Florida has unraveled after a judge declared Bitcoins are not a valid form of money. Judge Teresa Pooler cleared [PDF] defendant Michell Espinoza of running an unlicensed money exchange and money laundering charges on the grounds that the Bitcoins he sold to two undercover investigators were goods …
Shaun Nichols, 26 Jul 2016
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Illinois StingRay crackdown

The state of Illinois is making it harder for cops to use StingRay devices, which mimic legit cellphone towers to track people's whereabouts. A new bill will forbid police from using the surveillance equipment on any investigation that has not yet been authorized by a judge. The law also calls for police to delete collected …
Shaun Nichols, 25 Jul 2016
Money down the drain

I'm good, I'm fine, solid quarter, real well ... pants Sprint as it limps past, spilling $300m

US telco Sprint says it is bringing in new customers by the boatload, despite another quarter in which its losses reached well into nine figures. The fourth-largest carrier in the US logged a net loss of $302m as it continues a campaign to rebuild its business model. For the first quarter of Sprint's financial 2016, ended …
Shaun Nichols, 25 Jul 2016
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

TN not friends with Zenefits

Embattled HR software developer Zenefits has agreed to pay the state of Tennessee $62,500 for cheating its insurance and regulation laws. The Tennessee Department of Commerce and Insurance said that it will be extracting the fine to settle claims that it allowed employees to sell and broker insurance plans without obtaining a …
Shaun Nichols, 25 Jul 2016
Zen garden

Zen loses its chill: UK biz ISP falls offline for four hours and counting

Updated Beloved business-friendly ISP Zen has been suffering an outage for more than four hours today in the UK – and the carrier has no timetable for when service will be restored. A Zen status notice said that many of its business and residential customers are unable to connect to its network from mid-afternoon, UK time, due to what …
Shaun Nichols, 25 Jul 2016
A businessman in handcuffs

IT boss 'set up fake companies to charge his employers $2.4m'

A former lead systems engineer with a US software development company has been accused of laundering $2.4m (£1.8m) in an IT consulting scheme. The office of the Texas Attorney General has filed 11 counts of fraud and money laundering against Albert Shih-Der Chang, who worked at One Technologies, a Dallas-based firm that …
Shaun Nichols, 22 Jul 2016
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Samsung: You won't settle? Fine, we'll do this the Huawei

Samsung has filed a countersuit against Huawei in China over allegations of patent infringement. The South Korean electronics behemoth filed allegations of infringement on six patents it holds in China. According to filings seen by Reuters reporters in Beijing, the Samsung claim would seek to collect 161 million yuan (around …
Shaun Nichols, 22 Jul 2016
Giant Pikachu Pokemon balloon flown at the 89th Annual Macy's Thanksgiving Day Parade on Columbus Circle. EDITORIAL USE ONLY. Photo credit: Lev Radin / Shutterstock.com

OneDrive go for Pokemon Go

Continuing its commitment to adding features nobody asked for, Microsoft has added Pokemon detection to OneDrive. The Redmond giant screenshots from Pokemon Go uploaded to OneDrive accounts will now be automatically detected and labeled as coming from the game as well as the Pokemon that appear in the shots. "A lot of players …
Shaun Nichols, 22 Jul 2016
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Revealed: How Dell can afford $67bn for EMC – by selling $650k laptops

World exclusive Dell's ingenious strategy for financing its audacious $67bn acquisition of EMC is a secret no more. Dell is already facing a staggering debt mountain to fund the takeover. Now a crack Reg investigative team can reveal that the Round Rock computing giant has an ambitious plan in place to raise the cash necessary for the deal …
Shaun Nichols, 22 Jul 2016

Yahoo! sale! almost! done!

The long-running saga over the fate of Yahoo! may be nearing its end. A report from Bloomberg suggests that Verizon is in the final stages of acquisition talks with the embattled web pioneer. The deal would reportedly top out at around $5bn, which may or may not include the huge tracts of Silicon Valley real estate Yahoo owns …
Shaun Nichols, 22 Jul 2016
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Warframe leaks 800k addys

Users of the online shooter game Warframe are being alerted after a hacker managed to harvest the email addresses of more than 775,000 players. Warframe administrators said the attacker used a SQL exploit to harvest the addresses of hundreds of thousands of users. Though other data such as passwords and payment details are …
Shaun Nichols, 21 Jul 2016
Burning money, photo via Shutterstock

AT&T: Money? Oh, sure, no I'm fine – I'm doing great (if you ignore my phone business)

AT&T says wireless revenues are down in what was an otherwise solid quarter for the US telecom giant. Its second quarter of 2016 [PDF] period was, overall, a success thanks to solid returns from the newly-acquired DirecTV. They were, however, tempered by falling revenues in other areas. Quarterly revenues were $40.5bn, up 22 …
Shaun Nichols, 21 Jul 2016
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Tight-wad Apple repair techs swapped our damaged iGear with used kit – lawsuit

Apple has been presented with a class-action lawsuit filed by customers who say the expensive electronics giant replaced their damaged devices with used models. More specifically, the suit [PDF] filed to the Northern California District Court alleges the Cupertino behemoth has been replacing damaged or defective devices with …
Shaun Nichols, 21 Jul 2016

Apple Watch craze over before it started: Wrist-puter drags market screaming off a cliff

Smartwatch shipments are in freefall thanks to slowing sales of the Apple Watch. Research house IDC says that year-over-year shipments were down 32 per cent in the past quarter, with Apple far and away taking the biggest hit as its Watch shipments fell an eye-watering 55 per cent from last year. Analysts say that the drop is …
Shaun Nichols, 21 Jul 2016