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HEARTBLEED BUG AFFECTS GADGETS EVERYWHERE

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server farmThe Heartbleed Internet bug affects a lot of the gear we all use at work. Fixing it all will be a herculean task.

The Internet bug Heartbleed doesn’t just affect websites. It also has shown up in the gadgets we use to connect to the Internet.

Tech giants Cisco (CSCO, Fortune 500) and Juniper (JNPR) have identified about two dozen networking devices affected by Heartbleed, including servers, routers, switches, phones and video cameras used by small and large businesses everywhere. The companies are also reviewing dozens more devices to determine whether they’re impacted by the bug as well.

That means for two years now, someone could have been able to tap your phone calls and voicemails at work, all your emails and entire sessions at your computer or iPhone. You also could have been compromised if you logged into work from home remotely. And you’ll probably never know if you were hacked.

“That’s why this is being dubbed the biggest exploit of the last 12 years. It’s so big and encompassing,” said Sam Bowling, a senior infrastructure engineer at the web hosting service Singlehop.

What does exposure actually mean? What could be hacked? Here is a rundown, provided by researchers at security provider SilverSky and Singlehop.

 

  • Work phone: At least four types of Cisco IP phones were affected. If the phones are not behind a protective network firewall, someone could use Heartbleed to tap into your phone’s memory banks. That would yield audio snippets of your conversation, your voicemail password and call log.
  • Company video conference: Some versions of Cisco’s WebEx service are vulnerable. Hackers could grab images on the shared screen, audio and video too.
  • VPN: Some versions of Juniper’s virtual private network service are compromised. If anyone tapped in, they could grab whatever is on your computer’s memory at the time. That includes entire sessions on email, banking, social media — you name it.
  • Smartphone: To let employees access work files from their iPhones and Android devices, some companies opt for Cisco’s AnyConnect Secure Mobility Client app for iOS, which was impacted by Heartbleed. An outsider could have seen whatever you accessed with that app.
  • Switches: One type of Cisco software that runs Internet switches is at risk. They’re notoriously hard to access, but they could let an outsider intercept traffic coming over the network.
Cisco said it was being as transparent as possible with customers, providing a comprehensive list that shows the status of products. It asks that all those affected implement free software upgrades soon.

Juniper has provided a similar list and issued a statement to customers saying, “We are working around the clock to provide fixed versions of code for our affected products.”

But fixing the bug on those devices won’t be easy. Cisco and Juniper can’t just press a button and immediately replace the vulnerable software running on the machines. The onus is on each person or company using those devices. And that’s where the problem lies.

Related story: Change these passwords right now

“Many small and medium businesses aren’t likely to ever upgrade, and they’re going to have a tremendous amount of exposure for a very long time,” said John Viega, an Web security expert and an executive at security provider SilverSky.

That is why changing passwords isn’t necessarily enough to overcome the potential damage caused by the Heartbleed bug. Even if a website isn’t vulnerable when communicating with its customers, the company’s servers might still be exposed.

The problem doesn’t seem to be widespread on the consumer side, though. Linksys and D-Link make many of the routers we use to connect to the Web from home, and they say none of their devices are affected. Netgear (NTGR) said its in-home routers are not vulnerable to Heartbleed, but its business-class ReadyNAS storage products are — so customers must update their firmware to be safe.

source:http://money.cnn.com/2014/04/11/technology/security/heartbleed-gear/index.html

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Business

ONEPLUS IS GOING TO START MAKING TVS

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OnePlus is is getting into a new line of business: making TVs. Best known for its phones, China’s OnePlus also has a small catalog of really good accessories like wireless earphonesand surprisingly awesome backpacks, though nothing as complex or expensive as a television set. In announcing the news on the OnePlus online forums, company chief Pete Lau describes it as “the first step in building a connected human experience.”

Every hardware manufacturer is now looking intently at ways to monetize the smart home space. Samsung and Huawei recently announced smart speakers, Apple and Google already have the HomePod and Google Home, respectively, and Microsoft and Sony are old incumbents with their Xbox and PlayStation consoles. OnePlus has decided to make its entry point into this market the TV itself, which has always been at the center of home entertainment, though often with the help of other connected devices. Reading Lau’s teaser announcement, the OnePlus TV — which so far only has a project name, no timeline or specs have been revealed — will serve as the connectivity hub for OnePlus’ future vision of the smart home.

The OnePlus smart TV will be developed by a new division within OnePlus, led by Pete Lau himself. Still at the earliest stages of development, OnePlus is currently seeking input from its fans, as it often does, about what their priorities with a future smart TV will be.

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Finance

LAGOS TO HOST BIANNUAL AFRICA FINTECH SUMMIT FOR THE FIRST TIME IN NOVEMBER

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The Summit, organized by Dedalus Global, gathers innovators, investors, policy makers and other key stakeholders in the Fintech sector to discuss technologies transforming finance on the continent, debate regulatory policies, compare best practices, and forge new ventures
LAGOS, Nigeria, September 17, 2018/ — Africa’s premier fintech event, the Africa Fintech Summit, (www.AfricaFintechSummit.com) will be held for the first time in Lagos, Nigeria, onNovember 8-9, 2018. This event comes on the heels of the earlier edition in Washington D.C. which featured leading policy makers, c-suite business executives, start-ups, and investors.

The Summit, organized by Dedalus Global, gathers innovators, investors, policy makers and other key stakeholders in the Fintech sector to discuss technologies transforming finance on the continent, debate regulatory policies, compare best practices, and forge new ventures.

Speaking on the decision to bring the Summit to Lagos, the Chairman of the Summit, Leland Rice, said, “Lagos is an ideal host city; it’s an epicenter of Africa’s fintech revolution and the driving force behind the continent’s entrepreneurial spirit. The successes of companies such as Paga, Flutterwave, Mines.io, and Paystack have strategically positioned Lagos as the destination of choice for investors.”

“The first edition of the Summit in D.C. was a launch pad for several milestone fintech deals struck among its delegates in the months after the event. We plan to build on these successes in Lagos, with a focus on bringing innovators and policy makers together to move the needle on fintech regulation and bringing founders and investors together to facilitate further capital raises,” added Leland.

The two-day event will feature investor missions from the US, UK, and UAE, an Alpha Expo featuring the most exciting startups and entrepreneurs in Nigeria, a half-day blockchain masterclass, and an awards ceremony.

Reacting to the decision to host the Summit in Lagos, the Senior Special Assistant to the President on Technology, Lanre Osibona, stated, “This reflects the progress Nigeria is making in the areas of technology and financial services. The event is very important as it comes at the heels of the Vice President Osinbajo’s trip to Silicon Valley to promote Nigeria’s tech sector. We look forward to collaborating with the organizing committee and to a successful event in Lagos.”

In similar vein, Tayo Oviosu, the founder of Paga—a payment company that recently raised $10 million in Series B2 funding—said that “the Africa Fintech Summit in Washington D.C. provided valuable insights into the fintech space and connected me with key players in the industry. I look forward to the Lagos edition.”

Speakers lined up for the event include Chief Economist of PwC Nigeria, Dr. Andrew S. Nevin; Managing General Partner of EchoVC, Eghosa Omoigui; CEO of Diamond Bank, Uzoma Dozie; Founder of Flutterwave, Iyinoluwa Aboyeji; and CEO of PayStack, Shola Akinlade, whose company recently raised $8 million Series A funding

Distributed by APO Group on behalf of Dedalus Global.

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For more information, please contact:
Ridwan Sorunke
Directory of Communications, AFTS
Ridwan@AfricaFintechSummit.com
+234 (0) 8037885760
+1 2023166726

About Dedalus Global

Dedalus Global (https://VC4A.com/dedalus-global/) is an investment and strategy advisory firm focusing on emerging markets and emerging technologies. With networks throughout Africa and the Middle East, we leverage granular market knowledge to drive innovation, accelerate capital deployment, and create value for our clients and the economies where they operate.

About Africa Fintech Summit (AFTS)

The Africa Fintech Summit (www.AfricaFintechSummit.com) is a biannual event that brings together leading disruptors, tech and finance professionals, regulators, and investors from around the globe to debate policies, compare best practices, and forge Africa-focused ventures. AFTS leverages the growth of the fintech sector in Africa to bring key stakeholders to discuss the technologies transforming finance on the continent.

To learn more about AFTS, please visit www.AfricaFintechSummit.com

View a recap from the AFTS Washington: https://www.youtube.com/watch?v=ZIdDS-u0rXE

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Dedalus Global

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Business

AMAZON IS REPORTEDLY BUILDING A FREE STREAMING VIDEO SERVICE FOR FIRE TV OWNERS

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Amazon is said to be prepping an ad-supported streaming video service; it’ll be available to folks who own any of the company’s Fire TV streaming dongles and set-top boxes, reports The Information.

It’ll be separate from Prime Video, which offers a range of licensed shows and movies, as well original content produced by Amazon, to people who are subscribed to Prime.

Amazon's latest streaming device is the Fire TV Cube
Credit: Amazon
Amazon’s latest streaming device is the Fire TV Cube

Do you like good gadgets?

Those sweet cool gadgets?

Oh, yeah

The idea behind this upcoming service, which is dubbed Free Dive, is to help Amazon bring in more revenue through advertising. Ads presently account for a small fraction – about $2 billion out of more than $200 billion – of its annual revenue, but they offer higher margins than retail, and are one of Amazon’s fastest growing earners company-wide.

To that end, the company’s been selling ad space on its site, and is slated to run ads during live sporting events on Prime Video. It also turned off ad-free viewing on Twitch – its game video streaming service – for Prime subscribers earlier this month.

Free Dive could give Amazon a chance to rival Roku, which offers a similar ad-supported streaming service for owners of its devices and is expected to reach 59 million users by the end of 2018. Roku also made its ‘Channel’ service available via the web earlier this month to folks in the US, so you don’t need the company’s hardware to access it. It’ll be interesting to see if Amazon follows suit – and how it plays its cards with customers across the globe, especially in cost-conscious markets like India, where it’s expanding its media offerings.

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