The last two days have seen one of the most interesting and disturbing examples of the ongoing problems with Internet security, and the potential of contending with anonymous groups and aggressive governments who use the Internet for hostile purposes. We have just experienced the largest Internet cyber attack in history. The New York Times, The Guardian and host of other global media and technology news sources, and blogs have seized on this story. Internet experts are pessemistic that anything can be done to defend against this situation, or any other similar attack, other than to find and prosecute the perpetrators. Some experts have speculated that another attack on this scale could have grave consequences for global banking and investment trading systems.
Celebrate Earth Hour tonight @ 8:30PM. Turn off all lights for one hour.
The Canadian media (CBC, Globe & Mail, Canadian Business) have been buzzing with analyses of Alberta Premier Alison Redford’s pronouncement last month that the “Bitumen Bubble,” is now crashing down on the Alberta economy, and potentially the entire Canadian economy. The Alberta budget released last Thursday, March 7, acknowledged a $6.2 Billion deficit from this year, and “even larger declines in the next several years,” due to forecasts for significant price decreases for “Western Canada Select” (WCS), the market term for Alberta oil sands oil. Canadian Finance Minister Jim Flaherty echoed the impact of reduced oil sands revenue on the federal budget, by warning of significant cutbacks in federal spending as well. The impact of this sudden change in the prospects for the Canadian petroleum industry and for government oil tax revenues, will likely also have serious implications for the BC economy, jobs growth, business investment, consumer spending: essentially the Canadian economy as a whole will suffer.
New developments in the global smart mobile and tablet war at this week’s Mobile World Congress in Barcelona Spain, continue to add to the intrigue, infighting and mega dollars being bet on this market…with little impact so far on the probable outcome. I have spoken with two colleagues who are in Barcelona this week watching it all unfold. Blackberry (the former Research in Motion), Hewlett-Packard, Nokia, and Microsoft, are all struggling and at risk, and making bold survival moves, with mega dollars. Meanwhile, Google and Android continue to consolidate their market dominance globally, but not without major worries about Samsung “wearing the pants” in the Android market.
the New York Times published a Breaking News Alert on a story written by three of the best NYT investigative journalists. The four page detailed article, “Chinese Army Unit Is Seen as Tied to Hacking Against U.S.,” provides extraordinary detailed evidence. The breadth and depth of the cyber attacks on the United States go back as far as 2006, and the article describes attacks on numerous industries and hundreds of U.S. companies. Most concerning, there is now compelling evidence of near-miss attacks seeking means to disable our critical infrastructure. There has been much talk about our vulnerability, but until this NYT article nothing has so explicitly exposed our risk to cyber attack from the Chinese military. For me, one of the more interesting details was that the source of the attacks was a PLA building in Shanghai.
ToDaClo is a current buzz word of sorts for “touch-data-cloud,” (or Big Data, The Cloud and Smart Mobile) […]