Articles about Sec

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SEC takes $30m pound of flesh in newswire-hacking scandal

A Ukranian investment company and its CEO are going to pay the US government $30m for trading on info swiped from press releases before they were made public. The US Securities and Exchange Commission (SEC) said Jaspen Capital Partners Ltd and CEO Andriy Supranonok illegally profited from investments made based on stolen press …
Shaun Nichols, 14 Sep 2015
firing range - target in cross hairs

SEC joins hunt for FIN4 attackers

America's Securities and Exchange Commission (SEC) has joined the hunt for the FIN4 hacking group. The bunch, revealed by FireEye in December 2014, used a phishing attack to get access to listed companies' computer systems. Their payoff was to get insider information to trade their targets' stocks. According to Reuters, the SEC …
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SEC launches probe into tech startup share selling 'black market'

The US Securities and Exchange Commission (SEC) is launching a probe into the booming "black market" in hotly-tipped, privately-held tech stock occurring outside the US regulator's watchful gaze. According to a report by The Wall Street Journal [paywall], the SEC is to launch an investigation after observing a recent boom in …
Kat Hall, 06 Jul 2015
Intel sign by StockMonkeys.com

Intel's Omni-Path InfiniBand-killer debuts at sizzling 100 Gb/sec

SC15 Intel's putative InfiniBand-killer Omni-Path has been revealed as the centrepiece of the enhanced Scalable System Framework (SSF) announced at the Supercomputer 15 conference (SC15) in Texas. First announced at the pitch for the American government's HPC “Coral concept”, under which the industry is asked to deliver a 180 …
Dragster

Big Blue stuffs data into backup at GIGABYTES/sec

IBM's TSM backup product goes super-fast when backing up to the Elastic Storage parallel file system, according to company trials. TSM stands for Tivoli Storage Manager, with Elastic Storage being the re-branded GPFS. Servers running TSM were linked to an Elastic Storage array in a proof-of-concept test by IBM engineers in …
Chris Mellor, 22 Dec 2014

In-a-spin Home Sec: 'We won't be rifling through people's web history'

IPB The Tory government's draft Investigatory Powers Bill is expected to land in Parliament with a thud on Wednesday. However, over the weekend, Home Secretary Theresa May once again rejected claims that the latest attempt to legislate to massively ramp up surveillance of Brits' online activity would lead to authorities being able …
Kelly Fiveash, 02 Nov 2015

Mobile 4G spectrum investors actually spent $12.4m on walkie-talkie frequencies – US SEC

Americans were duped into buying duff radio frequencies for $12.4m that they had hoped to sell to cellphone networks for double-digit returns, a US financial watchdog has claimed. The Securities and Exchange Commission (SEC) has accused [PDF] Arizona-based Janus Spectrum of tricking investors into thinking they were acquiring …
Shaun Nichols, 07 Apr 2015
NumaConnect’s N232 Adapter card

Benchmark bandit: Numascale unveils 10TB/sec monster

Numascale's non-universal memory architecture has been used to build a 324-CPU system with 108 Supermicro servers sharing a single system image and 20.7TB of memory – scoring a winning McCalpin STREAM benchmark. The system, with its cache-coherent shared memory, ran at 10.096TB/sec for the McCalpin Scale function. It was 53 …
Chris Mellor, 13 Jul 2015
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Speaking in Tech: Where would you hide an SEC probe?

Podcast speaking_in_tech Greg Knieriemen podcast enterprise Hosted by Greg Knieriemen, Ed Saipetch and Sarah Vela. This week it's a full Speaking in Tech cast as we rigorously investigate AWS outages, probe cars and castigate bad executives. This week, we check out... (1:00) Sarah’s big game show moment (3:00) Lenovo Yoga Tablet …
Team Register, 23 Sep 2015
Theresa May

UK Home Sec stumbles while trying to justify blanket cyber-snooping

IPB UK Home Secretary Theresa May was grilled on Wednesday during the last evidence session held by the Parliamentary committee scrutinizing fresh powers proposed for GCHQ. Crucially, she was unable to explain to the panel exactly why Blighty's intelligence services need the ability to intercept and retain millions of innocent …
Theresa May

UK Home Sec wants Minority Report-style policing – using your slurped data

UK Home Secretary Theresa May has called on police forces to use predictive analytics in crime prevention as a way of mining the "vast quantities of data" the public now generates. Speaking at the Police ICT Suppliers Summit, she said: "Forces have not yet begun to explore the crime prevention opportunities that data offers …
Kat Hall, 27 Jan 2016

SEC: Ukrainian hackers' investment fraud ring raked in millions in 'unprecedented' hack

Analysis The computer hacking and securities fraud ring that was broken up by US authorities this week was "one of the most intricate and sophisticated trading rings that we have ever seen," the US Securities and Exchange Commission has said. Some 32 people were charged on Monday with offenses related to the scheme, which the SEC …
Neil McAllister, 14 Aug 2015

Australian Govt to launch cyber sec sharing strategy

Australia's Federal Government will this year deliver its first Cyber Security Strategy to generate 'practical' means to improve security including public-private partnerships. It is the second paper-based initiative designed to help address the unruly state of information security across public and private sectors. The …
Darren Pauli, 28 May 2015
HP

SEC slaps HP with $108 MEEELION fine over bribe scandal

HP has agreed to a $108m settlement with the US Securities and Exchange Commission (SEC) to settle charges that company representatives paid off government officials in order to obtain contract deals. The SEC said that the settlement would end a case it had filed with the company alleging violations of the Foreign Corrupt …
Shaun Nichols, 09 Apr 2014

Pure as the driven IPO: Upstart tells SEC it's go for stock market debut

Pure Storage, funded to the tune of $470 million and valued at around $3 billion, has filed for an IPO. The all-flash array biz was founded in 2009 and has taken in funding and grown fast every year. It's currently being ranked as the second highest player in the all-flash array market behind EMC, which Pure sees as its main …
Chris Mellor, 13 Aug 2015
John Brennan

WikiLeaks leaks CIA director's private emails – including his nat sec clearance dossier

Days after a teenage stoner hacked the AOL email account of CIA director John Brennan, WikiLeaks has published highly sensitive files from the spymaster's inbox. The documents include Brennan's application for national security clearance, with address, phone number, passport details, and the names and addresses of associates …
Iain Thomson, 21 Oct 2015

SEC: We won't slap IBM over its cloud revenue reporting

IBM has announced that it has avoided any regulatory action over the way it reports its revenues from cloud computing after the US Securities and Exchange Commission completed its investigation. The company said in a filing that it had been notified that the market authority wasn’t planning any action over its cloud business. “ …

SEC to investors: When dealing in Bitcoin, don't get suckered

Investor.gov, the US Securities and Exchange Commission's investor education and advocacy website, has issued an alert warning investors of the potential pitfalls of investing in Bitcoin and other virtual currencies. "A new product, technology, or innovation – such as Bitcoin – has the potential to give rise both to frauds and …
Neil McAllister, 08 May 2014
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Snowden's favourite Linux - Tails - rushes sec-fix version to market

Tails, the secure live-boot Linux made famous by Edward Snowden, has had a major revision release to Version 1.3. The new version, released after testing since February 12, combines various security fixes with new apps and simplified install, the developers say. The developers want to kill off the previous version, Tails 1.2.3 …

SAP pays $3.9m to settle Panama government bribery case

SAP will pay nearly $3.9m after a senior executive was found to have bribed officials in the government of Panama to land lucrative deals. The software giant has agreed to pay $3.7m in profit plus an extra $188,896 in interest. SAP did so without admitting or denying the findings of the regulator that brought the bribery case …
Gavin Clarke, 03 Feb 2016

SEC asks Affiliated Computer Services to step aside, snaps on rubber glove

The Securities and Exchange Commission is probing bean counting methods used by Xerox tentacle Affiliated Computer Services. In a filing, the copier monster confirmed the SEC has been "conducting an investigation of certain accounting practices" at ACS, an outsourcing and data centre management player that Xerox forked out $6. …
Paul Kunert, 08 Oct 2013
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SEC mulls how to save markets from hackers: How about a CRACK TEAM... of advisers?

The Securities and Exchange Commission (SEC) invited security and finance experts to Washington yesterday to discuss cybersecurity issues and whether companies and stock markets should be required to immediately disclose attacks and invest in protecting their systems. SEC commissioner Luis Aguilar said that the agency needed to …
GCHQ as seen on Google Earth

Bulk comms spying is not mission creep, insists UK foreign sec

The minister responsible for the oversight of GCHQ has today defended the interception of bulk communications data, saying it does not amount to mission creep by Blighty's intelligence agencies. Speaking at the Royal United Services Institute, Foreign Secretary Philip Hammond said it was necessary to address public concerns …
Kat Hall, 10 Mar 2015
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Top watchdog probes IBM over 'transactions in US, UK, Ireland'

IBM's stock price has taken a hit after the tech titan revealed it is under investigation by the US Securities and Exchange Commission (SEC). Big Blue said in its latest 10-Q filing that for the past two months, the financial watchdog has been looking into its accounting practices. "In August 2015, IBM learned that the SEC is …
Shaun Nichols, 27 Oct 2015
Parliament House Canberra by Flickr user OzMark17 used under CC Share and Share alike licence

AWS scores same Oz gov sec creds as Azure

Microsoft yesterday pressed the ON button for Azure Australia, and one of the things the Redmondian outpost was keen to point out was that it was the only cloud in Australia to have earned the Australian federal government's Industry Security Registered Assessors Program (IRAP) certification. IRAP is run by Australia's sigint …
Simon Sharwood, 28 Oct 2014
Prison

Alleged $32m Gemcoin crypto-bucks scam busted by Feds

The US Securities and Exchange Commission (SEC) says it has broken up an investment scam that defrauded citizens out of $32m by promising to mine minerals out of the ground – and pay out profits in cryptocurrency. The SEC has lobbed fraud charges at Steve Chen and 13 companies associated with Chen, alleging he raised $32m by …
Shaun Nichols, 02 Oct 2015

Bitcoin cloud miners a '$20m Ponzi scheme – there was no cloud at all'

The US Securities and Exchange Commission (SEC) has filed charges against two bitcoin mining businesses it says operated as illegal Ponzi schemes. According to a complaint [PDF] the watchdog filed with the US District Court in Delaware, GAW Miners and Zenminer, both controlled by Josh Garza, stand accused of taking money …
Shaun Nichols, 01 Dec 2015
Black Widow

AMX backdoors US govt's comms system with Batman-inspired surveillance mode

AMX, which supplies communications kit for the White House, US military, and several of the largest corporations, built a superhero-themed surveillance backdoor into its products. An analysis of the AMX NX-1200 communications controller by researchers at SEC Consult showed the device had a "setUpSubtleUserAccount" function. …
Iain Thomson, 21 Jan 2016

UK Home Sec's defence of bulk spying: We 'found' a paedo (we already knew about)

IPB The Home Secretary has given a written statement to a Parliamentary committee explaining why she believes GCHQ's bulk surveillance activities are needed. Earlier this month Theresa May stumbled when asked to deliver an "operational case" for bulk interception by the joint committee providing pre-legislative scrutiny of the …
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

SEC review clears Apple of dodgy tax dealings

The US Securities and Exchange Commission has given Apple's finances a clean bill of health after a review of the company's use of an Irish subsidiary to dodge corporate taxes be more tax efficient. In May Apple's CEO Tim Cook was quizzed by a congressional committee about how it managed to pay such a relatively small amount of …
Iain Thomson, 04 Oct 2013
Lion

HPE trots out benchmark blaster flash array as PCs become distant memory

An all-flash 3PAR array has stormed to the top of the SPC-2 benchmark charts. Nice one HPE, you've timed it just right for your independence from PCs and printers. The 3PAR 20850 scored 62,844 aggregate MB/sec, topping EMC’s VMAX 400K and its 55,643.78 MB/sec. This benchmark measure array performance in terms of throughput ( …
Chris Mellor, 09 Nov 2015

Teradata: We're going to concentrate on data analytics. So we've binned our top man

Teradata has axed its co-president for data and analytics, meaning Herman Wimmer is out of a job. In an SEC filing the company said it is exiting its marketing applications business so it "can focus exclusively on its core Data and Analytics business." This follows poor results in its third quarter. The filing says Teradata …
Chris Mellor, 04 Dec 2015

Mellanox forges fun-sized 40Gb/sec Ethernet switch

Mellanox Technologies is trying to milk its switch-hitting, hybrid Ethernet-InfiniBand SwitchX-2 chips for every dollar possible, and has just cooked up a baby switch that can run at 40Gb/sec or 56Gb/sec using the Ethernet protocol. The SX1012 is a half-width switch that has a dozen ports in a 1U rack form factor, which means …

We'll miss SEC financials deadline, says accounts-blundering Tech Data

Tech Data has warned it will fail to report its fiscal first-quarter financial numbers to the US Securities and Exchange Commission on time due to a continuing investigation into its accounting errors. The channel biz has 45 days from the end of April to file the paperwork, but says it will sail through that deadline. The world …
Paul Kunert, 11 Jun 2013
The Register breaking news

US judge SLAMS both IBM and the SEC over bribery settlement

A US federal judge has refused to agree to a settlement between the SEC and IBM over charges dating back to 2011 alleging that Big Blue bribed Chinese and South Korean officials unless the company produces a whole new set of extensive compliance reports. Judge Richard Leon, who has been reviewing the settlement case for the past …
Phil Muncaster, 29 Dec 2012
BrickArms' Toy taliban figure

'Tech giants who encrypt comms are unwittingly aiding terrorists', claims ex-Home Sec Blunkett

Former, draconian Home Secretary David Blunkett – who held the post at the time of the 9/11 attacks in the US – has claimed that technology companies that encrypt communications on their networks are helping terrorists to spread fear. The Labour MP, writing in Saturday's Daily Telegraph, lambasted Martha Lane-Fox for telling …
Kelly Fiveash, 09 Nov 2014
Toilet roll printed with fake US $100 bills

Buy a slice of the next Facebook with just your credit card and browser

America's financial watchdog says anyone with spare cash will be able to buy a slice of a startup online without having to fill out mountains of paperwork. Until now, if you fancied plowing your some of savings into a fledging biz – say a trendy but privately held San Francisco tech upstart – there are all sorts of …
Iain Thomson, 30 Oct 2015
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Ex-SAP exec sent down for 22 months after bribing govt IT officials

A former regional director of SAP has been sentenced to 22 months in jail – plus three years of supervised release – for greasing the palms of government IT buyers. Vicente Eduardo Garcia, 65, of Miami, Florida, pleaded guilty in August to bribing Panamanian government officials to secure a contract for one of the company's …
Kieren McCarthy, 21 Dec 2015
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PINs easily pinched with iPhone-attached thermal imaging kit

A device which can be attached to smartphones is capable of stealing customers' PINs using thermal imaging, UK security consultancy Sec-Tec warns. Thermal imaging equipment – once the sole preserve of only the best-equipped attacker – is now available as a readily available iPhone accessory costing less than £200. The kit …
John Leyden, 21 Aug 2015

New bill would require public companies to disclose cybersecurity credentials

A new bill introduced to Congress on Thursday would require US publicly listed companies to disclose who on their Board has cybersecurity expertise. If it passes, the Cybersecurity Disclosure Act of 2015 would oblige companies to add details of which, if any, of their directors know about online security in filing to the …
Kieren McCarthy, 18 Dec 2015

OK, forget DNS for a sec. Why not shift IP addresses and protocols away from Uncle Sam?

The director general of regional internet registry APNIC, Paul Wilson, has called for a staggered transition of the critical IANA contract away from the US government. Rather than be forced to wait until the controversial and complex issue of domain names is decided, Wilson proposes that the two other key elements of the …
Kieren McCarthy, 19 Jun 2015

ESA launches new ground-monitoring satellite

The European Space Agency (ESA) successfully launched a second satellite for environmental monitoring in the early hours of Tuesday morning from French Guiana. The Sentinel satellite will add high-resolution optical imaging capability to the European Union's Copernicus environmental monitoring system. According to the ESA, “ …
Jennifer Baker, 23 Jun 2015

SaaS biz 'made up 99% of sales and defrauded investors of millions'

If you bought internet services from Illinois-based ContinuityX Services, the US Securities and Exchange Commission would like a word, since you may be part of a very, very small group – far smaller than the company itself represented. "We allege that Godwin and Roth cheated investors out of millions of dollars, depicting …
Iain Thomson, 30 Sep 2015

Intel demos inexpensive 100Gb/sec silicon photonics chip

Intel has demoed what it says it "believes" is the world's only silicon photonics module that uses a hybrid silicon laser – a breakthrough that should allow such advances as vastly improved system-to-system interconnects in the data center. The demo of the 100Gb/sec module was presented via a video during Intel CTO Justin …
Rik Myslewski, 11 Apr 2013
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Smartphone passcodes protected by the Fifth Amendment – US court

The Feds can't make suspects give up their company-issued smartphone passcodes because doing so violates the Fifth Amendment of the US Constitution. So ruled Judge Mark Kearney of the federal court in East Pennsylvania in the case of Securities and Exchange Commission v Huang, an insider-trading case brought against two ex- …
Iain Thomson, 25 Sep 2015
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Big reader? Toshiba tweaks endurance, wrings out low-write SSD

Toshiba has fashioned a fifth enterprise SSD variant by cutting the entry-level PX04’s endurance in half, and fitting it for another read-intensive market niche. The PX04SRB has an endurance of one full drive write per day (1 DWPD) for five years and was positioned back in August as a read-intensive enterprise SSD, compared …
Chris Mellor, 19 Jan 2016
The Register breaking news

Twitter, the new stock ticker tape - and the SEC is OK with this

Financial watchdog the SEC has ruled that listed companies can make key announcements and publish financial info on Facebook and Twitter. The decision follows an investigation sparked by Netflix CEO Reed Hastings. Hastings posted on Facebook in June that subscribers to video-on-demand biz Netflix had watched more than a billion …
Mellanox SwitchX-2 ASIC and its switches, not to scale

Mellanox boffins concoct chips for 100Gb/sec InfiniBand

Mellanox Technologies reported its first quarter financial results today, and Eyal Waldman, chairman and CEO at the networking chip and switch maker, said in a conference call that the company had taped out its first experimental chip that would run at 100Gb/sec and support the future Enhanced Data Rate (or EDR) version of …
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SEC bars ex-Systemax veep from director role in fraud deal

The SEC has barred former Systemax veep Gilbert Fiorentino from being a director of a PLC again after finding he "fraudulently" pocketed hundreds of thousands of dollars in compensation over five years. The disgraced exec, who had been CEO of the reseller's Technology Products Group, was put on administrative leave in April 2011 …
Paul Kunert, 18 Sep 2012
Fritz Pfleumer with his magnetic tape recorder

LTO issues mighty seventh-generation 15TB tape format

LTO, the world’s most popular tape format, has a 15TB generation-7 Ultrium specification available for drive and media manufacturers. Linear Tape Open (LTO) represents a trio of technology provider companies: HP, IBM and Quantum. It works with them and tape suppliers like Fujifilm to develop tape media and drive specifications …
Chris Mellor, 16 Sep 2015