Adobe top target for hackers in 2010 : Report

Bangalore: The latest report by McAfee has pointed out that in 2010, Adobe Flash and Adobe Reader will be primary target for hackers. The “2010 Threat Predictions” report says that hackers are shifting their attention from Microsoft Office application to Adobe products as they become more popular, according to PC World.

“Cybercriminals have long picked on Microsoft products due to their popularity. In 2010, we anticipate Adobe software, especially Acrobat Reader and Flash, will take the top spot,” reports McAfee. For a long Microsoft was the primary target of hackers but the software giant has tightened security in its recent OS releases, leading hackers to look for additional targets.

Adobe’s Chief Technology Officer (CTO) acknowledged recently that his company’s software is being attacked more frequently, and said the company has stepped up its efforts to respond. “We have absolutely seen an increase in the number of attacks, around Reader in particular and also Flash Player to some extent,” CTO Kevin Lynch told reporters at the Adobe Max conference in October. “We’re working to decrease the amount of time between when we know about a problem and when we release a fix. That used to be a couple of months; now it’s within two weeks for critical issues.”

Mozilla is now widely used by many netizens and has been hence under attack by hackers along with Apple’s Quick Time. Social Networks like Facebook and Twitter have already been under a few attacks this year. McAfee predicts that these attacks will increase further. “The explosion of applications on Facebook and other services will be an ideal vector for cybercriminals, who will take advantage of friends trusting friends to click links they might otherwise treat cautiously,” the company said.

It also sees the emergence of a new vehicle for attacks in the form of HTML 5, an update to the Web markup language that will support delivery of online video and allow Web applications to run offline. “HTML 5 will blur the line between desktop and online applications. This, along with the release of Google Chrome OS, will create another opportunity for malware writers to prey on users,” McAfee said.

McAfee did mention few positive things in the report as well. The security firm sees law enforcement having more successes next year in its pursuit of cybercriminals, thanks to closer cooperation and improved skills at international crime-fighting agencies.

Bangalore: The latest report by McAfee has pointed out that in 2010, Adobe Flash and Adobe Reader will be primary target for hackers. The “2010 Threat Predictions” report says that hackers are shifting their attention from Microsoft Office application to Adobe products as they become more popular, according to PC World.

“Cybercriminals have long picked on Microsoft products due to their popularity. In 2010, we anticipate Adobe software, especially Acrobat Reader and Flash, will take the top spot,” reports McAfee. For a long Microsoft was the primary target of hackers but the software giant has tightened security in its recent OS releases, leading hackers to look for additional targets.

Adobe’s Chief Technology Officer (CTO) acknowledged recently that his company’s software is being attacked more frequently, and said the company has stepped up its efforts to respond. “We have absolutely seen an increase in the number of attacks, around Reader in particular and also Flash Player to some extent,” CTO Kevin Lynch told reporters at the Adobe Max conference in October. “We’re working to decrease the amount of time between when we know about a problem and when we release a fix. That used to be a couple of months; now it’s within two weeks for critical issues.”

Mozilla is now widely used by many netizens and has been hence under attack by hackers along with Apple’s Quick Time. Social Networks like Facebook and Twitter have already been under a few attacks this year. McAfee predicts that these attacks will increase further. “The explosion of applications on Facebook and other services will be an ideal vector for cybercriminals, who will take advantage of friends trusting friends to click links they might otherwise treat cautiously,” the company said.

It also sees the emergence of a new vehicle for attacks in the form of HTML 5, an update to the Web markup language that will support delivery of online video and allow Web applications to run offline. “HTML 5 will blur the line between desktop and online applications. This, along with the release of Google Chrome OS, will create another opportunity for malware writers to prey on users,” McAfee said.
McAfee did mention few positive things in the report as well. The security firm sees law enforcement having more successes next year in its pursuit of cybercriminals, thanks to closer cooperation and improved skills at international crime-fighting agencies.

Infosys to hire 5000 for projects

Bhubaneswar: Infosys will soon set up its second project in Orissa at an investment of Rs. 300 crore. Infosys’s plan for the state was announced by its Director (human resource) T V Mohandas Pai after meeting the Chief Minister Naveen Patnaik, reports PTI.

While as many as 3,000 IT professionals are now busy working at the first Infosys project in the state, he said about 5,000 workers would get placement in its second project. The second project would come up at IT valley on the side of the National Highway No-5 between the state capital and Khurda town.

Work on the second project would start soon, for which the state government has agreed to provide required water and power. The IT major is presently exporting software products worth Rs. 850 crore per annun from its existing project in the state.

Pai and Patnaik also discussed about the mid-day-meal (MDM) project of Akshya Patra, presently being given to 61,000 students in Puri and Nayagarh district. The number of beneficiaries of the MDM programme was targetted to touch 2.5 lakh in next two years, they said.

Bhubaneswar: Infosys will soon set up its second project in Orissa at an investment of Rs. 300 crore. Infosys’s plan for the state was announced by its Director (human resource) T V Mohandas Pai after meeting the Chief Minister Naveen Patnaik, reports PTI.
While as many as 3,000 IT professionals are now busy working at the first Infosys project in the state, he said about 5,000 workers would get placement in its second project. The second project would come up at IT valley on the side of the National Highway No-5 between the state capital and Khurda town.
Work on the second project would start soon, for which the state government has agreed to provide required water and power. The IT major is presently exporting software products worth Rs. 850 crore per annun from its existing project in the state.
Pai and Patnaik also discussed about the mid-day-meal (MDM) project of Akshya Patra, presently being given to 61,000 students in Puri and Nayagarh district. The number of beneficiaries of the MDM programme was targetted to touch 2.5 lakh in next two years, they said.

Source : http://www.siliconindia.com/shownews/Infosys_to_hire_5000_for_projects-nid-64190.html

JSW Energy to be listed on January 4

Mumbai: JSW Energy, a group company of Jindal South West (JSW) group headed by Sajjan Jindal plans to list its equity shares issued via public issue on January 4, 2010. Due to lukewarm response from retail and non-institutional investors, the company fixed its issue price at Rs.100 per share. For retail investors, issue price is fixed at Rs.95 per share, at a discount of Rs.5 to the original issue price, reports Moneycontrol.

As per data available on National Stock Exchange (NSE), the IPO of JSW Energy was subscribed 1.68 times. The company intends to utilize the issue price for partially financing construction and development of the identified projects aggregating to 2,790 MW in capacity and 400 KV transmission project and mining venture (at cost of Rs.2,142.53 crore) and repayment of corporate debt (Rs.470 crore).

Other companies in JSW are JSW Steel, Jindal South West Mining, JSW Port, Jindal Praxair Oxygen Company (JPOCL) and investment companies. JSW Energy is the first Independent Power Producer (IPP) to be set up in the state of Karnataka. The company has set up two units of 130 MW each and both units are generating power using Corex gas and coal.

Source : http://www.siliconindia.com/shownews/JSW_Energy_to_be_listed_on_January_4-nid-64132.html

Employees can’t take leave without permission : High Court

Bangalore: Now, habitual absence from work without taking leave amounts to misconduct on the part of an employee. According to the ruling by the Mumbai High Court, a person in the habit of being absent without prior sanction, is somebody who is not devoted to duty, reports Rediff.

“We are of the view that an employee who is in habit of remaining absent without prior sanction of leave, irrespective of the number of days, is guilty of misconduct under the rules,” observed a division bench recently while upholding dismissal of a Bharat Sanchar Nigam (BSNL) employee, Pandurang Kevne, who filed a petition challenging his removal.

Justices J N Patel and R P Sondurbaldota further said, “In our opinion the reason for such misconduct is because it exhibits irresponsibility and lack of interest in work. It is writ large on the facts of the case that the petitioner is least interested in duty.”

The Bench also referred to Rule 3 of Central Civil Services (Conduct) Rules, 1964, which states the requirement, that a government employee must during all time maintain absolute integrity and devotion to duty.

According to Rediff, the petitioner was chargesheeted in 1997 for misconduct of absenteeism. An inquiry held him guilty and recommended his removal from service. On this, the employee filed an appeal before an appellate authority but it was dismissed. A reference was then made by the government to Industrial Tribunal which upheld the punishment.

The petitioner’s Counsel B P Jakhade submitted that the entire period during which the petitioner was absent from service had been validly explained by him and his absence from duty was regularized by the respondent company by sanctioning different types of leave.

However, Counsel for BSNL, A S Rao, argued that even if the petitioner’s leave was regularized, he cannot escape from the rigours of mischief of misconduct because the leave was not authorized.

Source : http://www.siliconindia.com/shownews/Employees_can%09_take_leave_without_permission_High_Court-nid-64151.html

Indian Markets Timing Changed

NSE and BSE have advanced market opening time to 9 am from tomorrow, that is December 18, reports CNBC TV18. Market closing time will, however, remain the same, which is 3.30 pm

Source : CNBC TV18

The New Trade Timings Will Effect From 4th Jan 2010

Source : CNBC TV18