More Finance Chiefs Willing to Pay Bribes, Global Survey Finds – Bloomberg (David Voreacos)

Fifteen percent of chief financial officers around the world are willing to pay make cash payments to win or retain business, according to a survey of executives interviewed by the accounting firm Ernst & Young LLP.

The firm’s annual “global fraud survey” of 400 finance chiefs, interviewed from November to February, found a greater tolerance of bribery compared with the previous year, when 9 percent said they would make cash payments. Five percent of CFOs said they would misstate financial performance, while 3 percent said that the year before, according to the survey.

“One of the most troubling findings of the survey is the widespread acceptance of unethical business practices,” according to the survey released today. “It is particularly alarming that respondents are increasingly willing to make cash payments” and misstate results to survive an economic downturn.

via More Finance Chiefs Willing to Pay Bribes, Global Survey Finds – Bloomberg.

Banking malware spies on victims by hijacking webcams, microphones, researchers say – Computerworld

A new variant of SpyEye malware allows cybercriminals to monitor potential bank fraud victims by hijacking their webcams and microphones, according to security researchers from antivirus vendor Kaspersky Lab.

SpyEye is a computer Trojan horse that specifically targets online banking users. Like its older cousin, Zeus, SpyEye is no longer being developed by its original author, but is still widely used by cybercriminals in their operations.

SpyEye’s plug-in-based architecture allows third-party malware developers to extend its original functionality, Kaspersky Lab malware researcher Dmitry Tarakanov said in a blog post on Monday. This is exactly what happened with the new webcam and microphone spying feature, which is implemented as a SpyEye plug-in called flashcamcontrol.dll, Tarakanov said.

via Banking malware spies on victims by hijacking webcams, microphones, researchers say – Computerworld.

The First Forensic Software Solution to Provide Recovery of Cloud-Based Evidence – MarketWatch

Internet Evidence Finder (IEF), the market leading computer forensics solution, now supports the recovery of evidence from Cloud services.

IEF v5.5 supports the recovery of cloud-based evidence from computer hard drives and live memory. Initial support includes popular cloud storage services Dropbox, Google Docs, Google Drive, Skydrive, and Flickr. Additional cloud storage services will be supported throughout the summer.

“Cloud storage usage has exploded as people want to share & access their files wherever they are around the world. The positive news for investigators is that there is a wealth of evidence left behind on a hard drive and in RAM when using these cloud services. We are pleased to be the first in the industry to offer comprehensive support for the forensic recovery of cloud-based artifacts,” says Adam Belsher, CEO of JADsoftware, creators of Internet Evidence Finder.

Evidence recovered by IEF varies by cloud service, but can include file names, usernames, user ID, dates, times, and file sizes.

via The First Forensic Software Solution to Provide Recovery of Cloud-Based Evidence – MarketWatch.

Reining In Discovery Costs Through Predictive Coding Programs | Schnader Harrison Segal & Lewis LLP – JDSupra

It’s no secret that discovery in litigation can be extremely — sometimes prohibitively — expensive. A recent study of electronic discovery costs shows that the total cost of production could range from $17,000 to $27 million, with a median of $1.8 million. Because discovery expenses have the potential to explode, it often becomes the predominant focus and concern in litigation, demanding the lion’s share of the party’s resources. Recent advancements in e- discovery technology may provide a way to manage the costs, thus shifting the party’s resources and focus back to the legal issues in the litigation.

One such advancement is the use of predictive coding. Predictive coding is a computer-assisted review method that substantially reduces, but does not entirely eliminate, the need for human linear review. At its most basic, predictive coding uses computer algorithms and logic to analyze and mine electronically stored data so that responsive documents can be identified among the sea of stored electronic data. An attorney familiar with the issues in the case reviews a small subset of the stored data, and a mathematical model of relevant documents is generated from this direct input. This model is used to identify the relevant documents, then segregate them from those that are irrelevant in the main collection. Studies have shown that predictive coding is at once faster and more effective than what has to-date been the gold standard in discovery — human review and keyword searching. This translates to significant cost savings for the client because less attorney time is needed to review a smaller, more targeted set of documents.

via Reining In Discovery Costs Through Predictive Coding Programs | Schnader Harrison Segal & Lewis LLP – JDSupra.

Goldman conducts company-wide email review: sources | Reuters

Goldman Sachs Group Inc has begun scanning internal emails for the term “muppet” and other evidence that employees referred to clients in derogatory ways, Chief Executive Lloyd Blankfein told partners in a conference call this week, according to people familiar with the call.

The company-wide email review comes after an executive director named Greg Smith resigned last week in a scathing op-ed column in the New York Times in which he said he saw five Goldman managing directors refer to clients as “muppets,” at times over internal email.

In the United States, “muppet” brings to mind lovable puppets such as Kermit the Frog, but in Britain “muppet” is slang for a stupid person.

via Goldman conducts company-wide email review: sources | Reuters.

Microsoft opens up So.cl social network | USA Today (Brett Molina)

Microsoft is taking a shot at social networking.

The company rolled out access to its social search site So.cl to the public. The service was initially available to students at a select number of universities.

According to an FAQ on So.cl’s site, it combines “social networking and search, to help people find and share interesting web pages.”

So.cl, a research project from Microsoft’s FUSE Labs, lets users take search results from Bing, then share them with others. Search results can include standard links, or even photos and videos.

via Microsoft opens up So.cl social network.

Google Chrome Overtakes Internet Explorer | PCWorld (Daniel Ionescu)

Google’s Chrome is now the most popular Web browser worldwide, surpassing Microsoft’s Internet Explorer for the first time, according to the latest figures from StatCounter. After years of slowly chipping away Internet Explorer’s market share, Chrome took the lead with 32.76 percent share, while IE dipped to 31.94 percent.

Just a year ago, Internet Explorer was leading the Web browser market share with 43 percent, followed by Mozilla Firefox with 29 percent, and Chrome was third with 19 percent. Twelve months later, IE has lost 12 percent of the browser market share while Chrome gained 13 percent to the detriment of IE and Firefox, which also lost about 4 percent of its users and now comes in at just over 25 percent.

via Google Chrome Overtakes Internet Explorer | PCWorld.

SMEs to Harness More on Big Data Analytics and Cloud Computing? | CloudTimes (Saroj Kar)

It is no surprise that cloud technologies are changing the way organizations consume technology radically. Cloud computing allows small and medium enterprises to devote more resources to develop its business, using cutting-edge tools and adopt international standards.

Small and mid-sized businesses are excellent candidates for cloud computing service. The reason for this is partly due to the fact that they are smaller and more agile than their larger counterparts. Despite the lack of knowledge of cloud computing, small business owners are betting their future not only in the cloud, but also on big data analytics and everything related to business.

But does SMBs now have access to greater computing power than ever before? Recently, IT research firm Gartner released top five cloud computing trends that will impact the way IT do business. The report outlined five trends to watch in the next three years -formal decision-making frameworks facilitating cloud investments, hybrid cloud computing adoption, cloud consumption, cloud centric design and future data centers and operating models. The role of these five cloud computing trends will re-define the traditional IT functions of midsized business.

via SMEs to Harness More on Big Data Analytics and Cloud Computing? | CloudTimes.

Wireless tech makes healthcare security a ‘major concern’ – Computerworld (Antone Gonsalves)

The use of wireless technology in the latest medical devices found in hospitals, health clinics and doctor offices has become a major concern of the U.S. Department of Homeland Security (DHS).

In a bulletin issued this month, the DHS warned that while new technology brings efficiency, lower cost and better patient care, it also carries security risks that the multi-trillion-dollar healthcare industry may not be prepared to tackle.

“The communications security of medical devices to protect against theft of medical information and malicious intrusion is now becoming a major concern,” the report, entitled “Attack Surface: Healthcare and Public Health Sector,” said.

Doctors, nurses and ambulance workers are using wireless medical devices for diagnosis and treatment and to monitor changes in patients’ health. The devices can be handheld, wheeled in on a stand or implanted, such as in the case of heart-sustaining pacemakers and defibrillators.

via Wireless tech makes healthcare security a ‘major concern’ – Computerworld.

The evolution of data protection strategy in the cloud and BYOD era

The consumerization of mobile devices, coupled with the increased use of third parties for information management, has made a strong data protection strategy more important than ever. These intersecting trends also create questions: With more companies trusting their information to third parties, who really owns the data, and whose ultimate responsibility is it to protect that data?

Cloud data security is a shared responsibility, but it’s a shared responsibility that is governed, ultimately, by the contract.

SearchCompliance.com Editorial Director Scot Petersen recently sat down with Jeffrey Ritter, an attorney and recognized expert on technology law, to discuss how bring-your-own-device (BYOD) programs, cloud use and vendor relationships are influencing data protection strategy.

via The evolution of data protection strategy in the cloud and BYOD era.