The Best Aptonyms In Finance - Business Insider

An "aptonym" is a name that's perfectly suited for the person who has it. It's apt.

We've come up with the 11 best ones in the finance industry,

ART CASHIN: DIRECTOR OF FLOOR OPERATIONS, UBS

You can't have a better name of a veteran trader than "Cashin."

HAMISH RISK: HEAD OF CONTENT MANAGEMENT, DEUTSCHE BANK

If your last name is Risk, you have to work in finance. Hamish Risk made the right career move.

JENS NORDVIG: MANAGING DIRECTOR OF CURRENCY RESEARCH, NOMURA

Jens is of course pronounced "Yens" which is this close to one of the most important currencies in the world. Obviously Jens Nordvig is a perfect fit for this important job at Nomura.

PANICOS DEMETRIADES: GOVERNOR, CENTRAL BANK OF CYPRUS

Panicos, Cyprus. Too easy.

RICH RICCI: HEAD OF INVESTMENT BANK, BARCLAYS?

Again, too perfect.

Reuters

DAVID DOLLAR:?ECONOMIC AND FINANCIAL EMISSARY TO CHINA,?U.S. TREASURY

What better name for someone who has to travel to China, during which currency policy issues inevitably come up?

BART HEDGES: CEO, GREENLIGHT CAPITAL RE

Greenlight Capital is the reinsurance operation of David Einhorn's hedge fund. This is doubly perfect since there's the hedge fund angle, and since reinsurance is all about hedging risk.

NICHOLAS ECONOMIDES: PROFESSOR OF ECONOMICS, NEW YORK UNIVERSITY

Economides, check.

LIBOR STRAKA: FORMER RATES TRADER, JPMORGAN

LIBOR for a rates trader? Just beautiful.

ZAR AMROLIA: GLOBAL HEAD OF FOREIGN EXCHANGE, DEUTSCHE BANK

We don't have a picture of Zar, but ZAR is the three-letter currency code for the South African Rand, which means that like Jens Nordvig he has a name perfectly suited for the area he covers.

Can you think of any more?

Add them in the comments please.

Source: http://www.businessinsider.com/the-best-aptonyms-in-finance-2013-5

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Small businesses: Stop thinking you're immune to a mobile hack ...

Compared to sizable companies, small to medium sized businesses (SMB) seem to be less concerned with mobile security because they feel too ?unimportant? to be attacked. This, of course, is not true.

In the first half of 2012, small businesses accounted for 36 percent of all targeted cyber attacks, up from 18 percent at the end of 2011, according to Symantec data. These SMBs are becoming more frequent victims of mobile cyber attacks due to their lack of device defenses and their position as ?gateways? to larger firms? or consumer data.

And while many SMBs deem security a major priority, most aren?t taking the proper precautions. Fifty-five percent of small businesses classify security as a major mobile risk, but only 16 percent have a mobility policy in place, according to CompTIA?s Second Annual Trends in Enterprise Mobility report published in April.

Many have mobility policies that don?t cover critical security areas like personal device use, transmission and storage of data, and public Wi-Fi accessibility. Even more disconcerting: 37 percent of policies don?t include a protocol for lost devices, even though almost half of businesses identified device loss as their most common mobile security incident.

Security breaches can cost thousands or millions of dollars in damage and put a business down for months at a time, but many SMB cyber-crimes are preventable. The IT channel is full of firms that offer ways to create or strengthen preventative and disaster recovery plans for businesses of all sizes.

Whether your enterprise mobility policy and solutions are outsourced or managed internally, there are passcode and encryption strategies, software, and monitoring tools that can help prevent damaging data breaches from happening, or lessen the blow of those that do.

Here are a few tips for developing a more effective SMB mobility policy:

• Leave room to grow: For organizations writing their inaugural mobility policy, it?s OK to start small. Include even the most basic protocol for setting device passcodes and downloading third-party apps, but understand that these areas are subject to change and will evolve over time. At first, your policy might mandate all app downloads be approved by an IT manager, but if you build an internal app store in a year or two, that process will need modification.
• Security and data deserve their own treatment: When writing a mobility policy, it?s easy to use ?security? as an umbrella term to include both physical device threats like jailbreaking and data vulnerabilities. Data, however, can be a beast of its own and should be treated as such in a company policy. Data spans across mobile devices, desktops, office networks, and personal networks. To keep information safe outside of a business?s walls, it demands constant monitoring (either internal or outsourced), a Data Loss Prevention platform, and end-user awareness of data safety best practices.
• Engage your business leaders (not just IT): At smaller firms especially, where IT staff may be limited, it is important to get mobility policy buy-in and guidance from the management team. Understanding that mobile security is a strategic business issue, not just a technology problem, builds the right foundation for a more sound, comprehensive policy.
• Designate control: One of the biggest decisions for SMBs is whether or not to outsource the mobile management process. Regardless of who holds the keys to device and data maintenance, make sure that they have access to all necessary information and the ability to make updates or quick fixes without disturbing staff productivity. If the proposed security measures can?t coexist seamlessly with your day-to-day operations, then your strategy may need tweaking.

As mobile technology continues to evolve, SMBs must be proactive in implementing cohesive processes to combat imminent threats. Prioritizing security and letting go of the misconception that SMBs are immune takes time and effort, but it can help keep an organization from a world of unwelcome chaos.

Todd Thibodeaux is the president and chief executive officer of CompTIA, the leading trade association representing the business interests of the global information technology (IT) industry. He is responsible for leading strategy, development and growth efforts for the association.

Mobile security image via Shutterstock

Source: http://venturebeat.com/2013/05/23/small-business-mobile-security/

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Breakthrough on Huntington's disease

May 23, 2013 ? Researchers at Lund University have succeeded in preventing very early symptoms of Huntington's disease, depression and anxiety, by deactivating the mutated huntingtin protein in the brains of mice.

"We are the first to show that it is possible to prevent the depression symptoms of Huntington's disease by deactivating the diseased protein in nerve cell populations in the hypothalamus in the brain. This is hugely exciting and bears out our previous hypotheses," explains ?sa Peters?n, Associate Professor of Neuroscience at Lund University.

Huntington's is a debilitating disease for which there is still neither cure nor sufficient treatment. The dance-like movements that characterise the disease have long been the focus for researchers, but the emotional problems affect the patient earlier than the motor symptoms. These are now believed to stem from a different part of the brain -- the small emotional centre called the hypothalamus.

"Now that we have been able to show in animal experiments that depression and anxiety occur very early in Huntington's disease, we want to identify more specifically which nerve cells in the hypothalamus are critical in the development of these symptoms. In the long run, this gives us better opportunities to develop more accurate treatments that can attack the mutated huntingtin where it does the most damage," says ?sa Peters?n.

As the role of the hypothalamus in Huntington's disease is gradually mapped, knowledge might be gained from drug research for other psychiatric diseases. It is likely that similar mechanisms control different types of depression, according to ?sa Peters?n.

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The above story is reprinted from materials provided by Lund University.

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Journal Reference:

1. S. Hult Lundh, N. Nilsson, R. Soylu, D. Kirik, A. Petersen. Hypothalamic expression of mutant huntingtin contributes to the development of depressive-like behavior in the BAC transgenic mouse model of Huntington's disease. Human Molecular Genetics, 2013; DOI: 10.1093/hmg/ddt203

Note: If no author is given, the source is cited instead.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/~3/QU3HtivhR7M/130523082927.htm

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Russian court denies Pussy Riot's Alekhina parole

MOSCOW (AP) ? A Russian court denied parole on Thursday to a member of the Pussy Riot punk group.

The ruling came despite letters that singers Paul McCartney, Peter Gabriel and Patti Smith have sent, urging Russia's courts to free Maria Alekhina and the other Pussy Riot still in prison, Nadezhda Tolokonnikova.

In its ruling on Thursday, a court in Perm province accepted a claim by prosecutors that Alekhina had systematically disobeyed prison authorities and failed to repent for her crime, Russian media reported.

Alekhina went on a hunger strike Wednesday after being barred from the hearing, even though the court is across the street from the prison colony where she is serving her sentence for "hooliganism motivated by religious hatred." She also ordered her defense not to participate.

Band members Alekhina, Tolokonnikova, and Yekaterina Samutsevich gained worldwide notoriety last year when a Moscow court jailed them for two years for conducting a punk protest in Moscow's main cathedral.

Samtusevich was later released on appeal.

A lawyer for Alekhina said the artist would appeal Thursday's ruling.

The parole decision came despite two letters dated Monday by McCartney, the former Beatles' star, asking for both jailed Pussy Riot members to be released.

McCartney mailed the letters to a court n Mordovia that had denied Tolokonnikova parole last month, and they were posted on online by Pussy Riot supporters. In them, McCartney asks for parole to be granted to Alekhina and Tolokonnikova.

The singer wrote that he was making the request "in a spirit of friendship for my many Russian acquaintances who, like me, believe in treating people ? all people, with compassion and kindness."

Alekhina's lawers also had copies of the support letters that Gabriel and Smith had written.

Source: http://news.yahoo.com/russian-court-denies-pussy-riots-alekhina-parole-124749258.html

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Small businesses beware! Point-of-sale malware is after you ...

Malware targeting point-of-sale (POS) systems has been a major trend of the last six months or so, with a flock of interrelated malware families being sold, shared, exchanged, tweaked and improved by the various denizens of the cyber underworld.

With easy pickings to be had from under-protected small operations, this pattern is only going to grow until people start fighting back with better system security, and ideally better payment card systems.

How point-of-sale malware works

A few weeks ago I looked at a report highlighting the high levels of data breaches in the retail and food and drink sectors, areas not famed for handling large bank accounts or valuable industrial secrets.

For some time before that, we've seen a number of reports on malware strains targeting POS systems. Both here on this blog and elsewhere, I've read reports analysing a slew of attacks, all aiming to harvest data from POS systems. The main aim is to pick up small batches of card numbers from mom-and-pop operations where the least attention is payed to best security practices.

These are in a way the opposite of the high-profile, high-sophistication targeted attacks which make most of the headlines these days. Big-name brands are rarely involved, and no huge sums of money are being stolen from any single victim.

Instead, large numbers of smaller targets are being taken for small amounts of cash, in the end making for big windfalls for the bad guys with much less risk of aggressive countermeasures.

POS present

These malware families are being diligently worked on to improve and expand their functionality, and as most seem to be available for sale to anyone willing to buy them online, their implementation grows more diverse by the day.

The functionality is used as a standalone data exfiltration technique in more focused attacks, or rolled into more general-purpose crime kits, which can probe for any likely POS data just as they would for anything else of potential value.

In the last week or two, there have been some detailed analyses of some of the major strains, including a multipart blog series from Trustwave's SpiderLabs, whose annual report inspired my first look at this topic.

More recently, we've seen a hugely in-depth study from Team Cymru, a specialized internet security research firm dedicated to making the internet more secure. Their report covers several of the major POS-targeting families, particularly one they dub 'Alina', and includes some basic recommendations for businesses on how to mitigate such attacks.

Both these studies highlight the complex web of interrelationships between several seemingly different malware strains, the similarities being in the structure of their command and control systems.

This implies some degree of organisation and pooling of ideas and resources. All of this effort is aimed purely at harvesting card info, and converting that info into cash.

What payment systems are affected?

To clear up some misunderstandings from recent pieces on this topic, these problems don't only affect operations in the US, where the EMV or 'Chip and Pin' system hasn't yet been implemented. There have been reports of data breaches all over the world, but they do share one common trait, they all impact locations where the chip-and-pin system is not widely used.

Outside of the US, this is mainly international hotels where large numbers of foreign guests are processed. In the US, it's just about anywhere.

The chip-and-pin system itself is not entirely perfect, as we've seen some reports of that being bypassed too, but they seem to be almost exclusively physical breaches, where pin-reading machines have been doctored, or replaced with Trojan lookalikes.

That kind of attack is pretty hard to defeat of course - you can be as careful as you like with your anti-virus updates, your software patches and your firewall rules, but if the bad guys can come into your house and replace your PC with an identical-looking one under their control, it's basically game over.

Mitigation: what can be done to stop point-of-sale attacks?

Chip-and-pin at least provides some protection against the indiscriminate data-harvesting conducted by the likes of 'Alina', 'Vskimmer' and 'Dexter'. Once it is properly and universally adopted, with no-one anywhere carrying old-style, easily copied 'Track 2' style cards, this whole cabal of scammers should be out of business.

In the meantime, there are some things business owners can do to protect themselves, starting with the basics of ensuring all software running on their customer-facing networks is kept up-to-date with the latest patches. They should also ensure that any services allowing remote access have secure passwords - many of these attacks have simply used default passwords in common tools to penetrate networks.

In happier news, a convicted Romanian carder has invented a device which protects ATMs from card-skimming add-ons. Yay.

Image of Lady shopping and credit card purchase courtesy of Shutterstock.

Source: http://nakedsecurity.sophos.com/2013/05/22/small-businesses-beware-point-of-sale-malware-is-after-you/

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Microsoft touts Xbox One as all-in-1 entertainment

Kareem Choudhry, left, development manager for Microsoft Corp.'s Kinect motion-sensing device for the Xbox, demonstrates the level of detail in the camera of the new Kinect for the next-generation Xbox One entertainment and gaming console system to a visiting journalist, right, during a demonstration, Tuesday, May 21, 2013, in Redmond, Wash. (AP Photo/Ted S. Warren)

Kareem Choudhry, left, development manager for Microsoft Corp.'s Kinect motion-sensing device for the Xbox, demonstrates the level of detail in the camera of the new Kinect for the next-generation Xbox One entertainment and gaming console system to a visiting journalist, right, during a demonstration, Tuesday, May 21, 2013, in Redmond, Wash. (AP Photo/Ted S. Warren)

A group of visiting journalists try out the improved motion-detecting capabilities of the new Kinect controller for Microsoft's next-generation Xbox One entertainment and gaming console system, Tuesday, May 21, 2013, in Redmond, Wash. The new Kinect, which will come standard with the Xbox One can also see users in total darkness and has a wider field of view than the previous Kinect device in use with the Xbox 360. (AP Photo/Ted S. Warren)

Photographers crowd around Microsoft Corp.'s next-generation Xbox One entertainment and gaming console system after it was officially revealed, Tuesday, May 21, 2013, at an event in Redmond, Wash. It's been eight years since the launch of the Xbox 360. The original Xbox debuted in 2001, and its high-definition successor premiered in 2005. (AP Photo/Ted S. Warren)

Don Mattrick, president of interactive entertainment business for Microsoft Corp., speaks after unveiling the next-generation Xbox One entertainment and gaming console system, Tuesday, May 21, 2013, at an event in Redmond, Wash. It's been eight years since the launch of the Xbox 360. The original Xbox debuted in 2001, and its high-definition successor premiered in 2005. (AP Photo/Ted S. Warren)

A controller for Microsoft Corp.'s Xbox One entertainment and gaming console system is on display after its unveiling Tuesday, May 21, 2013, at an event in Redmond, Wash. The Xbox One, a next-generation entertainment console that promises to be the one system households will need for games, television, movies and other entertainment, will go on sale later this year. (AP Photo/Ted S. Warren)

REDMOND, Wash. (AP) ? Microsoft thinks it has the one.

The company unveiled the Xbox One, an entertainment console that wants to be the one system households will need for games, television, movies, sports and other entertainment. It will go on sale later this year, for an undisclosed price.

For the past two years, Microsoft's Xbox 360 has outsold its rivals. But it's been eight years since that machine came out, and Microsoft is the last of the three major console makers to unveil a new system. In those eight years, Apple launched the iPhone and the iPad, "FarmVille" rose and fell and tablets began to threaten desktop computers, changing how people interact with games and beyond.

Now, the stakes are high as Microsoft, Sony and Nintendo are all using their latest machines not only to draw gamers but also to command the living room. The goal is to extend their reach beyond loyal legions of hardcore gamers and to become as important to our lives at home as smartphones have become to our lives on the go.

Don Mattrick, Microsoft's president of interactive entertainment business, said the company has spent the past four years working on an "all-in-one home entertainment system."

At an hour-long unveiling at the company's Redmond, Wash., headquarters on Tuesday, Microsoft executives used voice controls to switch back and forth seamlessly between watching live TV, listening to music, playing a movie and browsing the Internet ? all while running apps for stuff like fantasy football and Skype chats on the side of the screen.

"It really extends the home entertainment experience," Gartner analyst Brian Blau said.

He said the console seems to appeal to "more than just a core gamer in the family" and should be of interest to all types of audiences, from sports players to TV viewers to those who are "social and want to share things."

The Xbox One unveiling follows Nintendo Co.'s launch of the Wii U in November and Sony Corp.'s tease in February of the upcoming PlayStation 4. Each of the new consoles has shifted away from simply serving as gaming machines, as they incorporate streaming media apps and social networking features.

People will be able to connect their cable or satellite set-top box and watch TV through the Xbox One. It will have its own channel guide and allow viewers to change channels by voice command.

Senior Vice President Yusuf Mehdi demonstrated how the console switched quickly between channels after saying show names such as "Mary and Martha" or commands like "watch MTV." His voice command of "What's on HBO?" brought up the channel guide for HBO.

"No more memorizing channels or hunting for the remote control," Mehdi said.

The interface for the TV goes well beyond the functionality in the Wii U, which still requires users to press buttons to change the input source on the TV. Xbox One seamlessly flipped between games, movies and TV shows with voice commands.

In addition to the console, Microsoft unveiled a new version of its camera-based Kinect system with better motion and voice detection, including the ability to recognize faces, tell if you're smiling or talking and gauge your heart rate. In a demonstration, the new sensor detected up to seven people in front of it. Microsoft said the new Kinect will be included with the Xbox One and is deeply integrated into the system, but it won't necessarily always be watching users in their living rooms.

"There's the ability for you to manage the privacy settings so you can turn it off," Marc Whitten, Microsoft's chief product officer of interactive entertainment business, said in an interview in his office after Tuesday's presentation. "Just like the 360, the biggest thing for us is that you are in control of your privacy."

The company also introduced a more ergonomic Xbox controller, with a slightly different layout from the Xbox 360 controller and trigger buttons that vibrate. The new console will also add the ability to play Blu-ray discs, matching what Sony has in its older PlayStation 3.

The Xbox One won't require a constant connection to the Internet, but having it will be useful for many of the gaming and entertainment features. The Xbox has been popular largely because of its Xbox Live service, which lets users play games online with other players with annual plans that cost as much as $60 a year.

"The box wants to connect to the Internet," Whitten said. "That said, we understand the Internet is flakey. It doesn't always work. We want to make sure you can still play your games, watch movies and watch TV if the Internet is down."

Despite talk that Microsoft might restrict the use of games previously owned by others, the company confirmed that the Xbox One will indeed play used games, but it didn't provide details on how that would work. It said games for the Xbox 360 won't work on the new system because the underlying technology is different, though the company said it will continue to make games for the older machine. Whitten said the Xbox 360 "is going to be incredibly vibrant for some time to come."

Among the games previewed for Xbox One were the military shooter "Call of Duty: Ghosts" from Activision Blizzard Inc., soccer extravaganza "FIFA 14" from Electronic Arts Inc. and racing simulator "Forza Motorsport 5" and time bender "Quantum Break," both from Microsoft Game Studios. Microsoft said more games will be shown at next month's E3 video game conference in Los Angeles.

The company said there will be more than 15 games available exclusively on the Xbox One in its first year, eight of them new franchises. In recent years, the Xbox has been the exclusive home to such popular gaming franchises as sci-fi shooter "Halo" and alien shoot-'em-up "Gears of War."

Wedbush analyst Michael Pachter said Tuesday's presentation was more general than what Microsoft will likely give at E3, where games will be central as thousands of game industry insiders, bloggers and journalists gather for the annual industry conference.

"They didn't focus on games," he said. "They focused on everything else."

That everything else includes a multiyear agreement between Microsoft and the National Football League to develop new interactive viewing experiences for pro football games through such products as the Xbox One and Microsoft's Surface tablet computer. Fans will be able to watch games, chat with other fans, view statistics, access highlights in real time and gather fantasy information about players and teams ? all on a single screen. For those who prefer multiple screens, fans can get an even deeper experience on mobile devices such as tablets.

Microsoft is also branching into creating original content beyond games, following the trend of other technology companies such as Amazon.com Inc. and Netflix Inc. Director Steven Spielberg will produce a TV series based on the "Halo" games.

The original Xbox debuted in 2001, and its high-definition successor premiered in 2005. The Xbox represents a small fraction of Microsoft's overall revenue, but it is an important consumer-facing business for Microsoft and offers a way to direct traffic to other Microsoft-owned services, including Skype. Microsoft's stock fell 23 cents, or less than 1 percent, to close Tuesday at $34.85.

Nintendo kicked off the next generation of gaming in November with the launch of the Wii U, the successor to the popular Wii system. The Wii U features an innovative tablet-like controller, though its graphics is on par with the previous-generation Xbox 360 and Sony's PlayStation 3. Nintendo said the console sold just 3.45 million units by the end of March, well below expectations.

Sony was next, teasing plans for its upcoming PlayStation 4 ? without showing the actual box ? at a February event in New York. The reaction to that console, which featured richer graphics and more social features, was mixed. The PS4 is expected by the holidays.

Microsoft didn't waste any time showing off the Xbox One console, new Kinect sensor and Xbox controller at the beginning of Tuesday's presentation.

___

Barbara Ortutay reported from New York. AP Business Writer Ryan Nakashima in Los Angeles and AP Pro Football Writer Barry Wilner in Boston contributed to this story.

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Online:

http://www.xbox.com

___

Follow AP Entertainment Writer Derrik J. Lang on Twitter at http://www.twitter.com/derrikjlang

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/495d344a0d10421e9baa8ee77029cfbd/Article_2013-05-21-Games-Xbox/id-18d82affeb74480791898494086c3e0c

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Sony to Discuss Loeb Plan

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Source: http://feeds.wsjonline.com/~r/wsj/xml/rss/3_7013/~3/5soxhgj4WQA/SB10001424127887324659404578498352184120258.html

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