Thursday, October 26, 2006

Online Brokerage Fraud - Millions of dollars loss

2 largest e-brokerage companies in US, namely E-Trade Financial and Ameritrade, reported on a shocking online brokerage fraud through computer criminal hacking which caused millions of dollars losses.

Some of the interesting facts:
  • Estimated losses are $4 and $18 million for Ameritrade and E-Trade Financial respectively.
  • Much of the fraud occurred overseas while clients were using public computers infected with spyware or wireless connections. User IDs and passwords were stolen.
  • Fraud committed against E-Trade customers appeared to be concentrated in Thailand and eastern Europe
  • Hackers are increasingly turning their attention to financial services firms.
  • Identity theft
Read more here from www.ecommercetimes.com 25th Oct 2006.

Monday, October 23, 2006

Internet Security Threats - Its Changing Faces (Part 2)

This is the part 2 of the Internet Security article from www.ecommercetimes.com

Among the facts:
New Threats:
  • New malicious programs increased by 8% with more Trojan applications aims to steal information and e-login.
  • The use of rootkit malware that allow a person to hide their malicious activities and programs is also in the rise.
  • Another threat is holding data hostage - a program used to modify data on a victim machine and then blackmail the user.

Preventions:
  • The need for fast, efficient and unobtrusive protection has led some security systems developers to become managed security service providers (MSSPs) which has broader security management services besides delivering patches and system updates.
  • Services are such as internal and external scanning for vulnerabilities; threat intelligence to identify emerging exploits; richer correlation of asset data with vulnerabilities, threats and attacks; and blocking or shielding capabilities to stop attacks


Read more on this article -
The Changing Faces of Internet Security Threats, Part 2

Previous entry on Part 1 is available here.


Sunday, October 22, 2006

PhishTank .....all the Phish go to the Tank

Introducing a new website PhishTank which is a collaborative clearing house for data and information about phishing on the Internet. It also provides an open API for developers and researchers to integrate anti-phishing data into their applications at no charge.

You can submit the suspected phishing links as well as verify these links in the database too.

If you receive any email or link, well this is the service that you can use to verify it before you continue with the transaction.

Besides, there are also latest news on phishing in this website.

I like their theme - Out of the Net, Into the Tank!

Visit PhishTank at www.phishtank.com

Saturday, October 21, 2006

29,549 video files were deleted from YouTube

A total of 29, 549 video files were deleted from YouTube due to the copyright infridgement. Most of these copyrighted files were posted by individual users.

Files involved were copyrighted Japanese television shows, music videos and movies.

Suggestion has been made to introduce a preliminary screening process acting as a filtering systems of the copyrighted material.

At the same time, copyrighted materials with the approval from the copyright holders will be posted in exchange with the advertisment revenue sharing by YouTube.

Source: YouTube Purges Nearly 30,000 Files on Japanese Demand (www.ecommercetimes.com)


Friday, October 20, 2006

Happy Deepavali and Selamat Hari Raya Aidilfitri

Wishing all of you a happy holiday of Deepavali and Hari Raya.

Don't forget our date on the 4th of November 2006, 2pm.
Have a nice day.

From:
UBAI3013 Teaching Team

Thursday, October 19, 2006

Now scientists say Video Games is useful

You can call it a new way of self learning by playing video games.

Scientists reveal that addiction on the video games can actually be converted into serious learning tools in school. Wow...just imagine going to school to play video games during the lectures and tutorials.

Soft-skills such as analytical thinking (how to complete the games with appropriate srategies especially RPG or strategy games), team building (games played in groups), multitasking and problem solving (like CSI investigation game).

Of course we are not talking about the soccer or basketball, car racing type of games but games such as business related (entreprenueurship - which I did played before) can be utilised in education. In fact in some universities, subjects are being taught by using games - specific business games. I will be very happy if there is an opportunity to implement this method into the learning process.

For more reading, click here - Not playing around: Scientists say video games can reshape education (www.cnn.com, 17 October 2006)


Wednesday, October 18, 2006

E-Filling in Malaysia - Latest updates

Very soon, we can check our income tax records from home by using the e-Filling from next year onwards. (Source: TheStar, 18th October 2006)

Among the available information will be:
  • Information on the income tax paid last year, and where and how it was paid, will be available online
  • online tax return “form” will have the taxpayer’s personal particulars like identity card number, address and the names of the spouse and children.
A taxpayer will be able to get the PIN and security code online via the IRB website (www.hasil.gov.my) from next year unlike the current year practice which required he/she to collect the PIN from the IRB branches.

E-Filling which was introduced this year did experience some problems such as:
  • Some people had Internet access, but lacked the proper software, and the system did not work
  • There was also congestion when many taxpayers filed in their tax forms at the same time.

I didn't use it this year but I may want to try it next year.




Latest updates on RFID applications in Malaysia

Source: TheStar InTech (17 October 2006)

Some facts on latest development RFID in Malaysia:
  • Local commercial spending on RFID is estimated to grow from RM9.06mil in 2005 to RM77.48mil in 2010 at a compound annual growth rate of 45.84%
  • Key applications of RFID in Malaysia include manufacturing, document management tracking, transportation, security and access control.
  • Document management tracking using RFID would account for 35%, or RM 27.12mil, of the total market in 2010.
  • Strong demand for RFID document management tracking solutions from the financial, legal and public sectors, which require documents to be kept for many years.

Tuesday, October 17, 2006

Google's Literacy Project


Google Inc. unveiled on Wednesday a Web site dedicated to literacy, pulling together its books, video, mapping and blogging services to help teachers and educational organizations share reading resources. - http://www.google.com/literacy/index.html

Google has asked literacy groups around the world to upload video segments explaining and demonstrating their successful teaching programs. Among the first few hundred to be posted is a same-language subtitle project from India that uses Bollywood films to teach reading.

The service also uses Google's mapping technology to help literacy organisations find each other, and provides links to reading resources.

Google embarked two years ago on a massive project to digitally scan all of the world's books, a plan that has been embraced by some publishers and pilloried by others who consider it copyright violation. A group of them have filed a lawsuit against Google in the United States.

(Source: CNN Tech, Oct 4th)

Questions:

How does this website beneficial to us, as a student?

Monday, October 16, 2006

Internet Security Threats - Its Changing Faces

An interesting article on the changing faces of the Internet Security Threats - Lecture 4 (E-Commerce Security)

Among the facts are:
  • Analysts estimate roughly 75 percent of all security attacks are targeted at applications.
  • However, only 10 percent of enterprise security spend is focused on application security. (This show the potential attacks to be encountered by the entreprises)
  • Demand for third-party security management services, as well as for systematic security risk-profiling and management solutions, continues to grow
  • The need to protect applications and data resources more proactively is also driving the development and application of heuristics -- that is, empirical, judgment-based rules for intrusion detection and prevention -- and other forms of artificial intelligence in security products and services.
You can read more from this article - The Changing Faces of the Internet Security Threats (ecommercetimes.com)


Coming Soon:
Part 2: Evolving Threats and the Rise of Managed Security Service Providers


Sunday, October 15, 2006

Rooney scored back his domain name

Wayne Rooney may not be scoring on the Saturday match against Wigan but definitely he scored back his domain name - www.waynerooney.com.

  • a case of cybersquatting (Lecture 12)
  • domain name consist of his name was registered by somebody in 2002
  • choices available - pay a large sum to get back the domain name or go to the arbitration who will decide on the rightful onwer
  • beside Rooney, others soccer stars like Ronaldinho, Totti, Joe Cole and Frank Rijkaard also managed to successfully defended the right to control the use of their names in Web site addresses.
This is report from TheStar (15th Oct 2006)

GENEVA: Manchester United star Wayne Rooney has won the right to a Web site address including his name.

Ownership of the www.waynerooney.com domain name must be handed to the England forward and his management company, a UN intellectual property panel ruled on Friday.

The domain name was registered in 2002 by an actor from Wrexham, England, when Rooney was a 16-year-old player for Everton. Rooney subsequently filed a trademark on his name.

A World Intellectual Property Organization arbitration panel said the present owner had no legitimate interests in using it.

The panel said the owner’s claim that he had registered the domain in order to create a fan site was “a difficult story to swallow.”

The WIPO panel said the current owner acted in “bad faith” when he registered the domain, and that it should be handed over to Rooney within 10 days unless the decision is challenged in a civil court.

The arbitration panel, which was set up in 1999, allows those who think they have the right to a domain to gain control of it without having to fight a costly legal battle or pay large sums of money.

In July, Brazilian football star Ronaldinho successfully defended the right to control the use of his name in Web site addresses.

Other stars who have recently won rulings against so-called “cybersquatters” include Italian international Francesco Totti, England midfielder Joe Cole and Dutch football manager and former player Frank Rijkaard. – AP


Beware - you may face the same issue if you become famous one day. Better register your own domain name now.

Wednesday, October 11, 2006

Online games - More goods or harms?

A report on TheStar (10 Oct 2006) highlighted the opinion from cybercafe operators on this topic.

According to them, online games are actually doing youths more good than harm, in that the games even keep them away from getting involved in drugs or crime activities.

Some excerpts from the Star:

“If parents think playing online games is bad, they should honestly ask themselves what they did as youths to entertain themselves when there were no computer games,” said Jeffery Wong, 31, a cybercafe owner.

“I bet they were involved in activities that were not that much more productive either, and probably a lot more dangerous,” he said, recalling his adventurous days of swimming in ex-mining pools when he was a teenager.

“It also provides job opportunities. I know many people who didn’t get to complete school, but because of online games, they’re able to survive and earn a decent living doing something they like,” Wong said.

“And what’s so bad about making money from playing games? It’s not like it’s illegal,” said Leon Jalleh, 27, a cybercafe operator.

“If kids are learning how to earn money by pursuing their interest, their parents should be proud of them instead!”

“It’s better than having them waste money loitering in shopping malls, or worse, get involved in drugs or criminal gangs,” he added.

Jalleh said cybercafes were also comparatively healthier than other entertainment avenues, such as nightclubs.

“You won’t find drugs or alcohol in cybercafes, and most don’t even allow smoking nowadays,” he said.

Jalleh told The Star that it was possible to earn several thousand ringgit a month by trading virtual items or helping other gamers improve their avatars.

“It is a good way to bond with friends and meet new people who share the same interest, plus it’s the cheapest form of entertainment around – definitely much cheaper than clubbing,” said Chris Chong, 26, who meets his friends for game sessions on weekends.

Discussion:
What is your opinion on this issue? Is online games bring more goods or harm?





Google buys YouTube for USD1.65 billion

Google is snapping up YouTube for US$1.65 billion in a deal that catapults the Internet search leader to a starring role in the online video revolution.

This is the most expensive purchase made by Google during its eight-year history. With this purchase, it ould dramatically alter the playing field for competing Internet giants, namely Google, Yahoo and Microsoft.

YouTube's worldwide audience was 72.1 million by August, up from 2.8 million a year earlier, according to comScore Media Metrix.

The YouTube acquisition is being hailed as a bold thrust that could turn two weaknesses in the Google empire -- video distribution and social networking -- into strengths that could keep the company growing rapidly for years to come. It could also change the way users connect with video online, as well as how content owners distribute it.


There are 3 related article from www.ecommercetimes.com on this news:
1. Google Closing In on YouTube Acquisition
2. Google Ends Speculations, Buys YouTube for $1.65 Billion
3. Google Places Heavy Bet on YouTube




Internet Banking scam in Malaysia: 13 youth nabbed

There are multiple news reports available in TheStar, NST and TheSun on this story today.

This is related to e-commerce security and crime - Lecture 4.

Key points from these stories:
  • Phishing
  • 26 people were conned with RM36,000 from a single bank.
  • 13 suspects, between 18 and 25, have been described as computer experts with several hackers among them.
  • Four of the suspects were college and university students.

For more reading, this is from NST:

A group of computer-savvy youth was nabbed recently after scoring a first of sorts for phishing.

Phishing uses email and fake websites to lure Internet users into providing their personal banking details, which are then used to steal from their accounts.

This group of 13 is believed to have conned at least 26 people by using their particulars to steal more than RM36,000 from their accounts in two weeks.

All 26 victims had accounts in one particular local bank and it was the bank that notified police of the fraudulent transfers.

Following the report, police monitored several homes and cybercafes in three states.

After two weeks of checks, they nabbed 13 suspects, including a woman, in Kelantan, Selangor and here.

The suspects, between 18 and 25, have been described as computer experts with several hackers among them.

Commercial Crime Department assistant director ACP Ismail Yatim said four of the suspects were college and university students.

"The 13 are skilled in different areas and they joined forces to steal confidential data from unsuspecting victims.

"The losses reported may have been bigger if the bank had not been alert in detecting the fraudulent transfers."

Police believe this may only be the tip of the iceberg as more reports were expected.

It was learnt that several of the suspects had the ability to hack into the computer systems of leading firms in the city. Checks revealed that the group used a foreign server and police were trying to ascertain if they had international connections.

The group preyed on those who used Internet banking, sending account holders emails asking them to update their accounts.

In that same email, links would be available for the victims to click on and a new web page would open revealing a web site similar to the bank’s internet login site.

The unsuspecting victims would login, unknowingly giving their usernames and passwords, which would be sent to a decoy website set up by the group.

Using the confidential information, the group would access the victims’ accounts and transfer funds to another account before it is withdrawn.

"We believe there are still groups out there actively involved in such scams," Ismail said.

He urged account holders to check with their banks upon receiving notifications to update their accounts.

Meanwhile, four people were cheated by a group, which sent them text messages claiming they had won cash prizes and obtained their bank account details.

They then made online withdrawals totalling RM7,000.

The group had imitated a similar group of scam artists, who had cheated 36 fans of the reality show Akademi Fantasia.

The victims were told to call a phone number and asked to reveal their Internet banking account details, including their pin number, on the pretext of depositing their winnings.

The victims’ accounts were then cleaned out.

Police have so far received four reports — three from Kuala Lumpur and another from Sabah.

Monday, October 09, 2006

Welcome to UBAI3013 October 2006!

The teaching team would like to welcome all the BBA Year 2 Semester 2 & 3 students to join our UBAI3013 E-Commerce for this October semester of 2006.

There will be around 690+ students taking this subject as well as 7 teaching staff.

Hope you enjoy the learning process and hopefully at the end of the semester, each and everyone of you will be able to gain some useful knowledge about e-commerce, not only the concepts but as well as the practically of it.

Have a nice day.

Mr Hen.