The Depository Trust and Clearing Corporation (DTCC), the “back end” for much of Wall Street trading, is replacing a central database with Bitcoin-inspired software. The New York-based DTCC records and reports almost every stock, bond and valuable derivative trade in the U.S. IBM, already experienced in blockchain technology, is leading the DTCC software transition, which is slated to be functioning by early 2018. The shift marks Wall Street’s most serious effort thus far to adopt Bitcoin’s underlying technology. Continue reading Wall Street Adopts Blockchain Technology to Record Trades

In a recently published Infrastructure Security Design Overview, Google explains its six layers of security for the cloud it uses for its own operations and its public cloud services. The company also revealed that it designs custom chips, “including a hardware security chip that is currently being deployed on both servers and peripherals,” that allow it to “securely identify and authenticate legitimate Google devices at the hardware level.” The chip works with cryptographic signatures validated during each boot or update. Continue reading Newly Published Google Overview Spells Out Security Details

To improve encryption, Google has launched an open source project, Key Transparency, a follow-up to its Certificate Transparency, both of which focus on the need to verify the authenticity of the person or server the user believes he is connecting to. Keybase, a collection of verified users and their “cryptographic credentials” is one solution, but Google now wants to ascertain that the contacts are verified systematically and are privacy-protected, by having the address “double-check” itself. Continue reading Google Key Transparency Project to Boost Messaging Security

At CES 2017, LG stated that this year all of its home appliances will include “advanced Wi-Fi connectivity.” One flagship product is its Internet-connected Smart InstaView Refrigerator that supports Amazon’s Alexa; no price has been announced. Features of the webOS appliance include stickers and tags to be attached to items in the refrigerator, which will signal the consumer when a food item in question is about to expire, and the ability to remotely view the inside of the refrigerator via a camera mounted inside. Continue reading LG Goes Big on Wi-Fi-Connected Appliances, Robots at CES

After years of struggling to effectively define its purpose, Twitter CMO Leslie Berland told a CES audience that the company has overcome that challenge. According to Berland, the platform no longer views itself as a social network, but rather a place to go for the latest news and world events as they unfold. “The beauty of Twitter is that you can see all sides of any conversation that is happening at any moment in time,” she said, placing an emphasis on neutrality. Instead of denying the many terms and clichés used to describe Twitter in the past, she embraces them. “We were a platform, a product, a service, a water cooler, a time square, a microphone, and we are every single one of those things,” she said. Continue reading Twitter Shifts Gears, Describes Itself as a Place to Get News

Yahoo announced that board members, including CEO Marissa Mayer and co-founder David Filo, would step down from the board of directors once the company’s core Internet assets are sold to Verizon. What remains of the company after the sale is completed would be renamed Altaba (combining “alternate” and “Alibaba”). “Altaba’s remaining assets include Yahoo’s stake in Alibaba Group Holding Ltd. and Yahoo Japan,” reports The Wall Street Journal. Board member Eric Brandt, former CFO of Broadcom, will become Altaba’s chairman. Mayer “is expected to remain with Yahoo once it becomes part of Verizon.” The deal will cost Verizon about $4.8 billion, unless terms are changed due to two recent high-profile hacks of user data.  Continue reading New Name for Yahoo After Verizon Sale, CEO to Leave Board

As studios and exhibitors grapple to find a way to alter the movie release window to serve the changing audience for movies, NAGRA unveiled Early @t Home, a new platform aimed at both studios and exhibitors, at CES in Las Vegas. The platform combines NAGRA’s secure cloud solution with purpose-built hardware to enable content creators, studios, and theater chains to use “first release content” to directly connect with the consumer. The platform offers access to real-time analytics and provides a unique engagement opportunity through synchronized extras that could include complementary virtual and augmented reality experiences. The HD and UHD hardware solutions are priced to compete with other media dongles, but do not require specific app development. Continue reading NAGRA to Roll Out Secure Platform for Content Distribution

At a CES CyberSecurity Forum, journalist/author Wayne Rash led a discussion on the various ways that companies are failing to protect their intellectual property and remain vulnerable to malicious code and ransomware. According to Yubico chief executive Stina Ehrensvard, 70 percent of hacks are related to passwords. “The password is the weak link,” agrees Authentic8 chief executive Scott Petry. “Reusing passwords is a problem. If you use your Yahoo password for other sites, you’re in trouble.” Continue reading Cybersecurity and How to Build Speed Bumps Against Hackers

Celebrating its 50th anniversary, CES opens in Las Vegas this week with 3,800 companies showcasing their latest products across almost 2.5 million square feet of exhibit space. Broad but logical thematic lines distribute the exhibits across three venues: Tech East at the Las Vegas Convention Center (LVCC), Tech West at the Sands and Venetian Complex, and Tech South at the Aria. Fifty years after 117 exhibitors dazzled 17,000 visitors with transistor radios and small-screen televisions, CES presents itself as the place “where tomorrow is on display.”  Continue reading How to Navigate 2.5 Million Square Feet of CES Exhibit Space

Beyond the sights and spectacle of CES, almost 2.5 million square feet of exhibits, 3,800 exhibiting companies, and 175,000 attendees, are oases of insight and information to be found among more than 300 conference sessions. CES conferences leverage the attendance of senior executives, experts, and policymakers to populate panels that cover the spectrum of product categories, tech trends, and consumer interests represented throughout the show. Eight SuperSessions feature senior leaders grappling with their experiences in emerging sectors, while 44 different tracks explore a wide range of timely topics. Continue reading CES 2017: Conference Sessions Explore Products and Trends

The decision by automakers such as General Motors in 2016, Fiat Chrysler and the conceptualist Faraday Future this year to debut new cars at CES instead of the traditional Detroit Auto Show the following week is about more than making headlines. Rather, it is indicative of how much the future of transportation is connected to so many other moving parts and innovations across the massive consumer electronics landscape. Driverless cars won’t widen eyes this year as much as it will be what we can do in and with this massive shift. Continue reading CES: Future of Transportation Drives Innovation, Investments

Documentary filmmaker Laura Poitras, who shot the Oscar-winning “Citizenfour” about Edward Snowden, along with 150 other documentary filmmakers, signed an open letter from the nonprofit Freedom of the Press Foundation (FPF) asking camera manufacturers Canon, Nikon, Olympus, Sony, Fuji, Kodak and Ricoh to add encryption features. The fear is that thieves, law enforcement or agents of authoritarian governments can access footage by simply taking possession of the camera, and the documentarians want protection. Continue reading Documentarians Entreat Camera Manufacturers for Encryption

The FCC announced that Tom Wheeler will resign his chair position on January 20. The Obama appointee led the agency for the last three years. It is customary for the chairperson to resign when there is a new administration. Commissioner Jessica Rosenworcel’s nomination for another term was also impacted last week by the Senate’s decision not to vote prior to adjourning for the year. Rosenworcel is expected to step down by the end of December. President-elect Donald Trump will have two FCC seats to fill, one from each major party. Meanwhile, the departures leave the agency with two Republican commissioners and one Democratic commissioner. Continue reading Departure of FCC’s Tom Wheeler Could Impact Net Neutrality

At CES 2017, Honda’s theme will be a “cooperative mobility ecosystem,” a confluence of last year’s two showstoppers: autonomous driving and the rise of artificial intelligence. These arenas could foster mass adoption of differential privacy. Data aggregation is critical to the success of autonomous driving, and the AI-centric, newly coined notion of autonomous living, but this collection requires user buy-in. With nearly half of all Internet users expressing that privacy and security concerns are limiting their use of the Internet, new means of protecting user data will be a key theme throughout CES. Continue reading CES Will Showcase Differential Privacy for Autonomous Living

In September, Yahoo revealed a 2014 security breach that involved 500,000 of its users’ accounts. Now the company has announced an even larger data breach from 2013 involving more than one billion accounts, including those of more than 150,000 government and military employees. “The two attacks are the largest known security breaches of one company’s computer network,” reports The New York Times. “The newly disclosed 2013 attack involved sensitive user information, including names, telephone numbers, dates of birth, encrypted passwords and unencrypted security questions that could be used to reset a password.” Continue reading Yahoo: Second Data Breach Involves 1 Billion User Accounts