Wednesday, October 31, 2012

The Real Cost of Cybercrime to Businesses - Maildistiller

Cyber Criminal

Research conducted by Ponemon Institute shows that cybercrime costs UK businesses an average of ?2.1m per annum with costs ranging from ?0.4m to ?7.7m among those surveyed.?

The report shows that cyber-attacks are becoming more commonplace in today?s modern environment, with companies surveyed averaging one successful attack per week.? This is not surprising as the internet is now accessed by almost 2.5 billion people worldwide (35% of the global population), compared to just 360 million in December 2000, and the number of devices developed to facilitate access continue to grow. ??

The Specifics

The report found the most costly of attacks on businesses to be those caused by malicious insiders, denial of services, and malicious code which accounted for 44% of all cybercrime costs per business annually.? The US were more likely to experience these high cost cyber-attacks with the total average cost at ?5.5m ($8.9m), significantly higher than the UK total average cost ($3.2m), who were more likely to be subject to denial of service attacks.?

Furthermore, costs associated with revenue losses and the theft of information assets represent 53% of external costs; such as fines, litigation and the marketability of stolen intellectual property.? Industries that were subject to higher costs include those in the defence sector,?utilities and energy, and financial services.? In terms of internal costs, recovery and detection accounted for 55% annually, due to cash outlays and labour required to manage cyber threats.?

Timeliness ??

Results show that the longer a cyber-attack took to resolve, the higher the cost to the business.? The average time to resolve a cyber-attack was 24 days, with an average cost to participating organisations of ?135,744 over this 24-day period. Malicious insider attacks were shown to take more than 50 days on average to resolve.

Remedy

Findings show that companies who take preventative measures such as appointing a high-level security leader or certified or expert staff experience lower cybercrime costs than companies who have not implemented these practices. Average savings for those deploying good security governance practices was estimated at just over ?.3 million.

For tips on how to protect your business, check out our Top 5.

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Source: http://www.maildistiller.com/online-security/the-real-cost-of-cybercrime-to-businesses/

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New York City floods as Sandy slams into eastern U.S.

NEW YORK (Reuters) - Millions of people in the eastern United States awoke on Tuesday to flooded homes, fallen trees and widespread power outages caused by the giant storm Sandy, which swamped New York City's subway system and submerged streets in Manhattan's financial district.

At least 15 people were reported killed in the United States by Sandy, one of the biggest storms to ever hit the country, which dropped just below hurricane status before making landfall on Monday night in New Jersey.

More than 1 million people in a dozen states were under orders to evacuate as the massive system plowed westward.

One disaster forecasting company predicted economic losses could ultimately reach $20 billion, only half insured.

The storm interrupted the presidential campaign a week before Election Day and closed U.S. financial markets for two days.

Sandy, which was especially imposing because of its wide-ranging winds, brought a record storm surge of almost 14 feet to downtown Manhattan, well above the previous record of 10 feet during Hurricane Donna in 1960, the National Weather Service said.

Water poured into the subway system and tunnels that course under the city, raising concerns that the world's financial capital could be hobbled for days.

"Hitting at high tide, the strongest surge and the strongest winds all hit at the worst possible time," said Jeffrey Tongue, a meteorologist for the weather service in Brookhaven, New York.

Hurricane-force winds as high as 90 miles per hour were recorded, he said.

"Hopefully it's a once-in-a-lifetime storm," Tongue said.

Large sections of New York City were without power, and transportation in the metropolitan area was at a standstill.

"In 108 years our employees have never faced a challenge like the one that confronts us now," Metropolitan Transportation Authority Chairman Joseph Lhota said in a statement.

It could take anywhere from 14 hours to four days to get the water out of the flooded subway tunnels, the MTA said.

"The damage has been geographically very widespread" throughout the subway, bus and commuter train system, MTA spokesman Aaron Donovan said.

50-PLUS HOMES BURN

The unprecedented flooding hampered efforts to fight a massive fire that destroyed more than 50 homes in Breezy Point, a private beach community on the Rockaway barrier island in the New York City borough of Queens, the Fire Department of New York said.

Two people in New York City reportedly died in the storm - a man in a house hit by a tree and a woman who stepped into an electrified puddle of water. Two other people were killed in suburban Westchester County, north of New York City, and two others were reported killed on suburban Long Island.

A motor vehicle death in Massachusetts was blamed in part on the bad weather. Two other people were killed in Maryland in storm-related incidents, state authorities said, and deaths also were reported in Connecticut, New Jersey, Pennsylvania and West Virginia, CNN said.

Toronto police also recorded one death - a woman hit by flying debris.

More than 7 million people in several states were without electricity due to the storm, which crashed ashore late on Monday near the gambling resort of Atlantic City, New Jersey.

The storm was plowing westward over south-central Pennsylvania, still packing near hurricane-force winds as strong as 65 miles per hour (105 km per hour), the National Weather Service said.

Wind gusts, rain and flooding were likely to extend well into Tuesday, but without the storm's earlier devastating power, said AccuWeather meteorologist Jim Dickey.

"Overall, the worst has past," Dickey said.

The storm's wind field stretched from South Carolina north to the Canadian border and from West Virginia to a point in the Atlantic Ocean halfway to Bermuda, easily one of the largest ever seen, the National Hurricane Center said.

Heavy snow fell in higher elevations of the Appalachian Mountains inland.

NEW JERSEY TOWNS FLOODED

Three towns in New Jersey, just west of New York, were inundated with up to 5 feet of water after a levee on the nearby Hackensack River was overtopped or breached, officials said. Rescuers were using boats to aid the marooned residents of Moonachie, Little Ferry and Carlstadt.

In New York, a crane partially collapsed and dangled precariously from a 90-story luxury apartment building under construction in Midtown Manhattan.

Much of the city was deserted, as its subways, buses, commuter trains, bridges and airports were closed. Power outages darkened most of downtown Manhattan as well as Westchester County, affecting more than 650,000 customers, power company Consolidated Edison said.

"This is the largest storm-related outage in our history," said John Miksad, Con Ed's senior vice president for electric operations. The previous record was the more than 200,000 customers hit with outages last year during Hurricane Irene, the utility said.

Neighborhoods along the East and Hudson rivers in Manhattan were underwater, as were low-lying streets in Battery Park near Ground Zero, where the World Trade Center once stood.

A security guard at 7 World Trade Center, Gregory Baldwin, was catching some rest in his car after laboring overnight against floodwaters that engulfed a nearby office building.

"The water went inside up to here," he said, pointing to his chest. "The water came shooting down from Battery Park with the gusting wind."

Power and back-up generators failed at New York University Hospital, forcing patients to be moved elsewhere for care.

In Lower Manhattan, firefighters used inflatable orange boats to rescue utility workers stranded for three hours by rising floodwaters inside a power substation.

One of the Con Ed workers pulled from the floodwater, Angelo Amato, said he was part of a crew who had offered to work through the storm.

"This is what happens when you volunteer," he said.

With a week to go before the election, President Barack Obama and Republican challenger Mitt Romney canceled scheduled campaign events. Obama left the campaign trail to return to Washington to monitor the storm and Romney curtailed political events to show respect for the storm's victims.

U.S. stock markets were set to be closed on Tuesday. They closed on Monday for the first time since the attacks of September 11, 2001.

The federal government in Washington was closed for a second day on Tuesday, and schools were shut up and down the East Coast.

Sandy killed 66 people in the Caribbean last week before pounding U.S. coastal areas.

(Additional reporting by Daniel Bases, Edward Krudy and Scott DiSavino in New York and Tabassum Zakaria in Washington. Writing by Ellen Wulfhorst; Editing by Dan Burns and Eric Beech)

Source: http://news.yahoo.com/massive-storm-sandy-crashes-ashore-jersey-001837944--finance.html

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Thursday, October 25, 2012

Best hotels in Cyprus | The World Wide Web

What makes the island of Cyprus paradise even more appealing these days is the array of top quality hotels. Ayia Napa is known for having the most beautiful beaches on the island. The below hotel reviews Cyprus are the current 5 top reviewed hotels in Ayia Napa as rated by HolidayCheck customers.

The luxury 5 star Hotel Alion Beach is known for its modern design and beautiful location. As a guest here you will find hospitality goes hand in hand with personal service. The hotel is situated on a quiet sandy beach with stunning views of Ayia Napa harbour. The peaceful surroundings of the hotel set the tone for recreation and relaxation. There is a peaceful reception and lounge area, various restaurants and bars, recreational activities and three swimming pools (outdoor pool, children?s and indoor). The health and beauty centre with a variety of treatments is set next to the modern fitness centre.

The Napa Mermaid Hotel & Suites is located in a quiet area of Ayia Napa, 150 metres from the Grecian beach and 800 metres from the city centre. In 2007 the hotel went under renovation so you will find elegant and modern interior and rooms that are decorated in a natural manner. The hotel has two restaurants, two bars, terrace, 24-hour reception, lobby, outdoor & indoor pool, sauna, Jacuzzi, steam room, gym, tennis court and many other facilities and services.

Hotel Nissi Beach Resort is located by the lagoon bay that is sheltered by a small island. Situated on the beautiful sandy coast the hotel is 2 kilometres from the centre of Ayia Napa and nestled in a tropical paradise amongst lush gardens. There is a lot on offer here for a 4 star hotel. The facilities include everything you need for a well-deserved break whether you are looking for relaxation or adrenaline there are leisure activities for all. In the 25 metre outdoor pool you can go for a relaxing swim, an invigorating aqua aerobics session or try your hand at water polo. Additionally there is a children?s pool and an indoor heated pool which is part of the Health and Beauty Center. The recreational facilities include 4 floodlit tennis courts, multi-purpose courts for basketball and football, beach volleyball, table tennis, darts, billiards, archery and a full range of beach water sports including water skiing, canoing, sailing parasailing and diving.

Hotel Kermia beach consists of the main hotel building surrounded by a selection of bungalows for a cosy holiday in the sun located on a golden sandy beach on the side of Cape Greco at the south-eastern corner of Cyprus. The hotel?s private beach dips into the crystal clear waters of the Mediterranean Sea and is 4 kilometres away the centre of Ayia Napa. Recreation facilities include; 5 silicon-sand tennis courts (2 Floodlit), volleyball/basketball court, archery, badminton court, mini golf, beach volleyball, gym room, sauna, massage and aerobics by the pool. Inline skates and mountain bikes can be rented to explore the surrounding area. There are also plenty of water sports on offer like; windsurfing, sailing, water-skiing, etc. The Kermios Kids Club looks after the little ones with a daily children?s program.

Asterias Beach Hotel is located on the beach, close to Water World Ayia Napa, Ayia Napa Monastery, and Nissi Beach. Thalassa Museum is also a point of interest near this hotel. Recreational facilities include an outdoor pool, an indoor pool, a children?s pool, tennis court, and a health club. Beauty treatments are available at the Spa and there is also a hair salon. This 4-star property offers a conference room, a technology helpdesk, and limo/town car service amongst other things.

Visit HolidayCheck for more hotel reviews Cyprus and to start planning your holiday today.

Source: http://www.theworldwidewebaddict.rubybenz.com/2012/10/best-hotels-in-cyprus.html

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Nano-machines built to mimic human muscle could help power cyborgs, keep the OSI budget down

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At today's prices, building a Six Million Dollar Man would cost around $31 million. Of course, being a TV show means the Office of Scientific Intelligence doesn't have too many bionic employees, but that might not the case in the future. Nicolas Giuseppone and a team at the Université de Strasbourg and CNRS have created thousands of nano-machines to replicate the movement of human muscle fibers. Weaving them all together, the machines are able to make a coordinated contraction movement that stretches and contracts. For the moment, the supramolecular polymers can only stretch a matter of micrometers, but in the future they could be used to create artificial muscles, small robots or even materials that can move. Hopefully it'll also give us the power to leap tall buildings, so we'll be outside practicing our sound effects.

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Nano-machines built to mimic human muscle could help power cyborgs, keep the OSI budget down originally appeared on Engadget on Wed, 24 Oct 2012 13:26:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/10/24/nano-machines-human-muscles/

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Third-party presidential candidates rail against Obama and Romney at debate (Washington Post)

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Credit Suisse to cut costs after Q3 profit slump

GENEVA (AP) ? Credit Suisse Group said Thursday it is to cut costs further as it posted a 63 percent fall in third-quarter profit following an accounting charge on its debt.

Switzerland's second-biggest bank, which is already shedding 7 percent of its workforce, or about 3,500 employees, did not provide details on how many more jobs would be targeted as part of plans to cut an additional 1 billion Swiss francs ($1.07 billion) in costs in 2014 and 2015.

Those reductions are to come on top of the 3 billion francs in previously announced cost-cutting measures the Zurich-based bank plans to have achieved by the end of next year.

The plans were announced as the bank reported net profit of 254 million Swiss francs ($272 million) between July and September, compared with 683 million francs ($785 million) in the comparable period of 2011.

The bank attributed the decline to a pretax charge of 1.05 billion francs ($1.12 billion) linked to an accounting rule on how banks must value their debt. Banks can post gains if the value of their debt falls, because it would theoretically become cheaper for the bank to repurchase that debt. But the rule also says that when a bank's debt increases, it must take a write-down because it would theoretically have to pay more to buy back its own debt on the open market.

Credit Suisse also said most of its credit risk is linked to its private and investment bank, adding that its exposure to Greece, Ireland, Italy, Portugal and Spain rose to ?4.2 billion ($5.5 billion) from ?3.9 billion three months earlier.

Chief Executive Brady Dougan said the bank is successfully implementing cost-saving measures it began last year and substantially reducing risks while realigning business and improving its capital cushion to meet regulatory and market demands.

"At the same time, we have significantly cut costs and improved efficiencies across the bank," he said.

Shares in Credit Suisse closed at 21.33 francs Wednesday, down 2.6 percent since the start of the year.

Source: http://news.yahoo.com/credit-suisse-cut-costs-q3-profit-slump-072303740--finance.html

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