If there's something strange in Symantec's neighborhood, who you gonna call? Not Broadcom, it seems: Systems go down, cut off customers

logicfish Security theres something strange symantecs neighborhood gonna call broadcom seems systems down customers All https://go.theregister.co.uk   Discuss    Share
And now back on their feet after global two-hour wobble

Symantec customers, or rather Broadcom customers these days, were taken offline for a while on Wednesday when the security service's data centers around the planet went down.…


Your data was 'taken without permission', customers told, after personal info accessed in O2 UK partner's database

logicfish Security your data taken without permission customers told after personal info accessed partners database All https://go.theregister.co.uk   Discuss    Share
Well that's one way of putting it

Hackers have slurped biz comms customers' data from a database run by one of O2's largest UK partners.…


UBS Has No Choice In Passing Negative Rate Pain To Customers

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UBS Has No Choice In Passing Negative Rate Pain To Customers

There's been talk that the Federal Reserve will slam interest rates to zero or even negative when the next recession strikes. President Trump's support for negative interest rates has quickly increased in the last several months as the latest tracking estimates for Q4 GDP have tumbled to sub 0.4%. 

It seems that policy rates in the US are too high -- and will likely conform to the rest

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of the world, which is near zero to negative territory. This has undoubtedly alarmed UBS CEO Sergio Ermotti, who said banks have "no choice" but to pass on the negative rate pain to customers. 

Ermotti said UBS "will not pass negative rates to smaller clients, the personal banking clients," that's because if UBS and other EU banks actually passed along negative rates to poor and middle-class families -- that would quickly spark unwanted social unrest that could crash the entire system. 

"Right now, the threshold is very high still," Ermotti said. "It's difficult to make a prediction right now, but we are quite convinced it's not going to go down to smaller investors."

And of course, banking elites are smart enough not to pass on negative rates to poor people, but as per the Bloomberg interview, Ermotti will be targeting high-net-worth investors with more than 500,000 euros or 2 million Swiss francs. 

G4 policy rates are near zero, with the exclusion of the US. But with the Federal Reserve embarking on a new interest rate cut cycle in response to collapsing global growth, it seems that policy rates across the world could go deeper into the negative territory through 2020. 

The ECB and SNB have slammed rates into negative territory in recent years in hopes to stimulate domestic and regional growth by charging banks to deposit funds, rather than lending to consumers or businesses, Bloomberg noted. 

Negative interest rates have been in an absolute disaster in Europe, with Germany teetering on the edge of a recession. 

Though Trump on Twitter has been begging for negative rates for the last several months as the US economy grinds to halt in Q4. Trump could see negative rates, but it will be for all the wrong reasons, and then US banks will have to make the decision that European banks are currently going through, which is how to pass along negative rates to customers. 

The failure of monetary policy in Europe has pushed the region to a near recession with EU banking stocks down 13% on the year. 

And as UBS's Ermotti said in the interview, he has no other choice to pass through negative rates to clients, but at the moment, his bank will charge only wealthy clients. This means wealthy depositors will have to pay UBS to store their money in the bank. 

Tyler Durden

Fri, 11/22/2019 - 04:15


Business Finance


"It's Not Sustainable:" PG&E Rolling Blackouts To Hit 181,000 Customers Wednesday 

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"It's Not Sustainable:" PG&E Rolling Blackouts To Hit 181,000 Customers Wednesday 

Seriously, every time the wind blows in California, it transforms into a third world country with rolling blackouts. And if you've ever been to let's say South America where this happens frequently, it's not a pleasant thing to experience. 

So Californians will get another taste of what it's like to live in Venezuela or Argentina on Wednesday. Nearly 181,00 custom

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ers in Northern California on early Wednesday will see their power cutoff so that Pacific Gas and Electric Company (PG&E) can avoid sparking another deadly wildfire. 

The National Weather Service (NWS) posted "red flag warnings" for parts of the Bay Area, Sacramento, Paradise, and even up to Redding. 

Northly winds are expected to be in the 40-55 mph range, with some gusts over 55 mph, which could damage electric lines and spark wildfires, one of the main reasons why PG&E wants to cut power. 

PG&E published a community resource map of certain facilities that residents can use for WiFi, bathrooms, and food during the rolling blackout. 

PG&E has conducted several rolling blackouts since Sept., which at one point left millions of residents in the dark for days while the electric company shutdown large transmission lines to avoid electrical fires during a windstorm. 

The bankrupted utility company has been extra careful about preventing blazes during windstorms since deadly fires in Northern California in 2017 and 2018 are expected to cost $30 billion. 

"We all know it's not sustainable -- it's not where we want to be," Andy Vesey, PG&E's chief of utility operations, said Tuesday. But at this point in time, it's the situation that we are faced with."

Tyler Durden

Wed, 11/20/2019 - 11:05




Half of Oracle E-Business customers open to months-old bank fraud flaw

logicfish Security half oracle e-business customers open months-old bank fraud flaw All https://go.theregister.co.uk   Discuss    Share
Haven't gotten around to patching since last Spring? Now would be a good time

Thousands of Oracle E-Business Suite customers are vulnerable a security bug that can be exploited for bank fraud.…


Several months after the fact, CafePress finally acknowledges huge data theft to its customers

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Maybe check your credit rating, says red-faced firm

T-shirt flogger CafePress has finally informed its customers about a serious data loss dating back to February and first reported last month.…


IT now stands for Intermediate Targets: Tech providers pwned by snoops eyeing up customers – report

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Symantec says Tortoiseshell crew ransacked suppliers

Miscreants are hacking into Saudi Arabian IT providers in an attempt to compromise their real targets: said providers' customers, according to Symantec.…


Charmin'. Garmin admits customers' full credit card data nicked from South African web store

logicfish Security charmin garmin admits customers full credit card data nicked from south african store All http://go.theregister.com   Discuss    Share
Rainbow Nation site was running on Magento

GPS and wearables maker Garmin has warned customers in South Africa that their personal info and payment data were pinched after they shopped on the shop.garmin.co.za portal.…


Chase Bank Forgives "All Outstanding Credit Card Debt" For Canadian Customers

zerohedge News chase bank forgives outstanding credit card debt canadian customers All https://www.zerohedge.com   Discuss    Share

In a shocking move, Chase Bank announced on Thursday that it was going to be forgiving all outstanding credit card debt from its Canadian customers, according to Yahoo Finance. The bank closed all of its credit card accounts in Canada back in March of 2018. 

When the accounts were initially closed, customers were told to continue paying down their debt. Now, they're being told by the company that their debt is cancelled. CBC talked to some customers who got letters from the bank this week.

Douglas Turner of Coe Hill, Ontario, who still ow

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ed about $4,500, said: 

"I was sort of over the moon all last night, with a smile on my face. I couldn't believe it. It's crazy. This stuff doesn't happen with credit cards. Credit cards are horror stories."

Turner also said his last payment to the account was also going to be reimbursed. 

Paul Adamson of Dundalk, Ontario said he called his bank after seeing his account was closed because he was concerned about missing a payment. Adamson said:

 "I'm honestly still so ... flabbergasted about it. It's surprise fees, extra complications – things like that, definitely, but not loan forgiveness."

The bank had previously offered rewards cards for both Amazon and Marriott in Canada. Maria Martinez, vice-president of communications for Chase Card Services, said that the bank could have sold the debt, but that forgiving it "was a better decision for all parties, including and most importantly our customers."

It'll be interesting to see if the news is as well received by diligent Chase customers in Canada who paid off their cards, as well as American customers who have undoubedtly racked up massive sums of debt with the bank. 

A 24 year old university student, Christine Langlois of Montreal, said she hadn't paid the card in 5 years. 

"It's kind of like I'm being rewarded for my irresponsibility," she said. 


Transport for London Oyster system pulled offline after miscreants enter customers' accounts

logicfish Security transport london oyster system pulled offline after miscreants enter customers accounts All http://go.theregister.com   Discuss    Share
Public sector bods blame users recycling logins

Exclusive  Transport for London's online Oyster travel smartcard system has been accessed by miscreants using customer credentials, The Reg can reveal, as the transport authority keeps the website offline for a second day.…


"There Is No Excuse For What Happened" - 50,000 Con Ed Customers Lose Power During Deadly Heatwave

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This weekend's record-setting heatwave roasted 200 million Americans inhabiting the eastern two-thirds of the country, but some had it worse than others.

While most of those affected had the option of beating the heat by staying indoors, power outages in Brooklyn and Queens left more than 50,000 people temporarily without power - and thus, no AC - subjecting them to the punishing heat, which was blamed for at least six deaths.

New York Daily News

Now, New York Gov. Andrew Cuomo is expanding a pr

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obe into the recent power failures, as some 20,000 customers remained without power early Monday morning. Cuomo said he had directed the State Department of Public Service to expand its investigation into ConEd outages, which it opened after a failure last weekend left 72,000 customers in Manhattan’s West Side without power for hours.

Con Edison said its crews are responding to power outages and will continue working throughout the day to restore power to as many customers as possible.

Cuomo also declared the heatwave "a natural disaster" and insisted that ConEd should have been better prepared.

"We have been through this situation with ConEd time and again, and they should have been better prepared," Cuomo said in a statement. "This was not a natural disaster; there is no excuse for what has happened in Brooklyn."

While it didn't respond to Cuomo, the company has said that it took some customers in southeast Brooklyn out of service to protect sensitive equipment, and said it would restore power as quickly as possible. Brooklyn neighborhoods impacted include Canarsie, Flatlands, Mill Basin, Old Mill Basin, Bergen Beach and Georgetown. Another 27,000 lost power on Long Island.

The exact number of people impacted was difficult to tally, since an individual ConEd customer could be a single-family home or a large apartment building, according to Bloomberg.

As usual, Mayor de Blasio was no help, though at least this time he was present at his office, and not out campaigning in Iowa, during the outage. He provided regular updates on his twitter feed.

Several NYC public schools will be closed on Monday due to the outages.

The outages created dangerous conditions on the road, leading to many near-accidents like this one at certain particularly dangerous intersections.

ConEd has asked customers to try and conserve power while it works to repair equipment.

But whether ConEd turns the AC back on or not, everybody will feel some relief on Monday as the heat wave is expected to pass and heat advisories are expected to be lifted for a large swath of the US. The heatwave initially stretched from Oklahoma to Ohio toward the middle of the country, and along the East Coast from Maine to South Carolina.


Hey China, while you're in all our servers, can you fix these support tickets? IBM, HPE, Tata CS, Fujitsu, NTT and their customers pwned

logicfish Security china while youre servers these support tickets tata fujitsu their customers pwned All http://go.theregister.com   Discuss    Share
Oh no Xi didn't! Fresh details emerge on mega-hack

Fresh details have emerged revealing just how deeply Chinese government hackers plundered HPE, IBM, DXC, Fujitsu, Tata, and others, stealing corporate secrets and rifling through their customers' networks.…


Get Close to Your Customers with Proximity Marketing| IT Professional

pamten News proximity marketing customers All https://www.pamten.com   Discuss    Share

When it comes to location, those with the most unique location stand out the most. Proximity marketing takes advantage of that old adage, and puts you in the most unique location, right in your customer’s pocket. Now just think about that. Imagine a cost effective way to reach the consumers right in your area, a way that you control, from the message content to the distance the consumer needs to be in order to be reached by the message.



Web Development Company in India

akshayaswetha Business webdevelopment business customers techni All http://www.seoindiarank.com   Discuss    Share

Web Development Company in Chennai provides informative architecture and its designs for quality web solutions, also improves online business by engage with their customers.Our website development professionals recognize the value of solid information architecture design and integrative branding that engages the customer from the first stop at your site

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