Endpoint devices like desktops, laptops, and mobile phones enable users to connect to enterprise networks and use their resources for their day-to-day work. However, they also expand the attack surface and make the organisation vulnerable to malicious cyberattacks and data breaches.
According to the 2020 global risk report by Ponemon Institute, smartphones, laptops, mobile devices, and desktops are some of the most vulnerable entry points that allow threat actors to compromise enterprise networks. Security teams must assess and address the security risks created by these devices before they can damage the organisation. And for this, they require Endpoint Detection & Response (EDR).
EDR solutions provide real-time visibility into endpoints and detect threats like malware and ransomware. By continuously monitoring endpoints, they enable security teams to uncover malicious activities, investigate threats, and initiate appropriate responses to protect the organisation.
Modern enterprise networks are complex webs of users, endpoints, applications, and data flows distributed across on-premises and multi-cloud environments. As EDR solutions only provide visibility into endpoints, many security gaps and challenges remain, significantly increasing the risk of cyberattacks going unnoticed.
One of the most effective ways to close the security gaps highlighted above is by adding Network Detection and Response (NDR) to the enterprise cybersecurity stack for the following reasons:
As organisations become increasingly complex and add more end-user devices to their networks, they require a reliable monitoring solution to protect their endpoints from potential threats. However, Endpoint Detection and Response (EDR) provides such endpoint protection only to a certain extent. There are numerous drawbacks of EDR that allow sophisticated cybercriminals to surpass their security perimeter and exploit network vulnerabilities.
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| ExeonTrace Platform: Screenshot of Dashboard |
To fill the security gaps left by EDR solutions, organisations must reinforce their security defences. Network Detection and Response (NDR) solutions like ExeonTrace are a reliable and proven way to monitor network traffic and thus complete enterprise cybersecurity stacks. As EDR and NDR solutions are complementary, their combined detection capabilities can effectively protect organisations from sophisticated cyberattacks.
Book a free demo to discover how ExeonTrace can help address your security challenges and make your organisation more cyber resilient.
CIOs and IT leaders were presented with a nearly impossible task when the pandemic hit in March 2020: redesign IT to support business model transformation and accommodate a fully work-from-home workforce.
Those who were already defying convention with digital transformation were well-prepared for the situation, while others were stranded without an alternative in sight, watching better-prepared, more agile competitors thrive. Without the tools in their arsenal to deal with this challenge, the underprepared pushed as hard as possible to keep up by any means necessary – but working harder isn’t always smarter.
Effort alone was not enough because of the fast-changing threat landscape with new waves of attacks such as ransomware. Not only was speed in deployment important, but safety and security were equally critical. In their haste to keep up with the competition, organizations de-prioritized the security of their businesses, and many are still paying the price.
Just look at some recent numbers, which underscore how serious the situation has become:
Despite this evidence, far too many CIOs still see the shift caused by the pandemic as the exception rather than the rule. It’s not. They think time will pass and life will go “back to normal.” It won’t. They believe they can get away with conducting business like they always have without taking any courageous steps towards change. They can’t.
The alarm bells are ringing louder and louder with each passing day. Will it consume the company? Or will management act now before it’s too late?
Several CIOs we speak with are at least clear that they need to make a change, but they feel stuck because of existing contracts and legacy systems from long-standing incumbents in the telco market. These systems and contracts were designed to keep customers locked in at all costs without any real concern for the challenges those customers face or could face in the future. Because of this tangled web, CIOs often continue with the status quo, effectively digging a deeper hole by the moment.
Several other CIOs are addressing their security problem and are doing so in a logical way: with a security-first approach. Unfortunately, this approach typically keeps security and network teams separate from each other, which causes a whole new set of problems that makes it difficult to scale. Creating even more confusion here, there are security vendors (Palo Alto Networks and Zscaler) that sell customers on the promise of SASE, when they are actually delivering SSE, since they don’t have the connectivity component. These companies are essentially trying to change the definition of SASE, leading CIOs astray.
Don’t lose hope, though many may feel lost. CIOs do have options, and it doesn’t require them to destroy their existing systems. It does require them to throw conventional wisdom out the window and try something bold.
CIOs need to evaluate all the networking and security solutions they have and begin moving their IT infrastructure over to a unified, cloud-based service that includes SD-WAN, firewall-as-a-service (FWaaS), cloud access security broker (CASB), data loss prevention (DLP), secure web gateway (SWG), and zero-trust network access (ZTNA). And it doesn’t have to happen all at once, it’s a never-ending process. Each step in the transformation delivers a major benefit to businesses, and when combined, it results in increased network performance; bolstered security for devices, data, networks, and infrastructure; improved scalability, and overall cost reduction. Going through the transformation process one-step-at-a-time lets businesses maximize their existing assets, continue business without interruption, and get to an optimal state faster than starting from scratch.
Start by applying zero-trust principles across networks, devices, and data, both in the cloud and on-prem. Zero-trust has become an important component to enterprise enablement and true mobility because it helps companies create policies once and manage them centrally across the organization, making it a perfect blend between speed and security. Successful businesses can’t ignore the security of everything the cloud touches - data, applications, devices and beyond. If they do, they will continue to suffer the consequences.
While the pandemic forced many businesses into unfamiliar territory, there’s still time to reverse any damage done. All enterprises have options to repair the systems that were compromised because of forces outside their control, but it requires courageous action. It’s no longer an option to maintain the status quo. The next time society gets thrown a major curveball organizations that stood still will regret it in the form of weakened security, poor network performance, dissatisfied customers, and premium pricing for solutions designed to clean up their mess. Now’s the time for unconventional action, so when that inevitable day does come, be the envy the competition, not the other way around.
Renuka Nadkarni, chief product officer, Aryaka
New taskforce will support the roadmap for post-quantum cryptography and adoption across the global telecommunications supply chain
Sep 29, 2022
29 September 2022, MWC Las Vegas 2022: The GSMA today announced the formation of the GSMA Post-Quantum Telco Network Taskforce, with IBM and Vodafone as initial members, to help define policy, regulation and operator business processes for the enhanced protection of telecommunications in a future of advanced quantum computing.
Unlike today’s computers that rely on bits for calculation, quantum computers harness the exponential power of quantum bits (qubits). This can be a complicated, simultaneous mix of 1s and 0s, creating the potential to solve extremely complex problems that challenge even the most powerful supercomputers today.
The GSMA Post-Quantum Telco Network Taskforce will help define requirements, identify dependencies and create the roadmap to implement quantum-safe networking, mitigating the risks associated with future, more-powerful quantum computers. Without quantum-safe controls in place, sensitive information such as confidential business information and consumer data could be at risk from attackers who harvest present-day data for later decryption. The World Economic Forum recently estimated that more than 20 billion digital devices will need to be either upgraded or replaced in the next 10-20 years to use the new forms of quantum-safe encrypted communication.
“The GSMA Taskforce’s goal is to bring together leading global communication services providers with experts from IBM, Vodafone and other operators and ecosystem partners to understand and implement quantum-safe technology. By working together to establish consistent policies, we can define quantum-safe approaches that protect critical infrastructure and customer data, complementing our ongoing security efforts to increase resiliency in future networks,” said Alex Sinclair, the GSMA’s Chief Technology Officer.
To address the challenges presented by emerging quantum technology, the U.S. National Institute of Standards and Technology (NIST) announced in July 2022 that it had chosen the first four post-quantum cryptography algorithms to be standardised for cybersecurity in the quantum computing era. These algorithms are designed to rely on the computational difficulty of problems from the mathematical areas of lattices, isogenies, hash functions and multivariate equations — and protect today’s systems and data from future quantum computers.
IBM, a leader in cryptography and pioneer in quantum technology – with the world’s largest fleet of cloud-accessible quantum computers – contributed to the development of three of NIST’s four chosen post-quantum algorithms.
“Given the accelerated advancements of quantum computing, data and systems secured with today’s encryption could become insecure in a matter of years. IBM is pleased to work with the GSMA Post-Quantum Telco Network Taskforce members to prioritize the telco industry’s move to adopt quantum-safe technology,” said Scott Crowder, Vice President of IBM Quantum Adoption and Business Development.
“In a modern Hybrid Cloud world, communications services and compute technologies are interconnected and underpin all industries, which means the adoption of quantum-safe cryptography in telecom will affect all enterprises and consumers. This taskforce will support the telco industry by creating a roadmap to secure networks, devices and systems across the entire supply chain,” said Steve Canepa, General Manager, Global Industries, IBM.
Luke Ibbetson, Head of R&D, Vodafone, said: “Quantum computing is by far the biggest revolution in computing since the 1950s, and most of it will have a positive impact on our industry and society as we move towards fully automated networks. It has the potential to solve highly complex optimisation challenges which may allow us to further fine-tune our networks for an even better customer experience.
“At the same time, future quantum computing could inherently undermine the cryptographic principles relied on today. That is why Vodafone is committed to working with the GSMA and other members of the GSMA Post-Quantum Telco Network Taskforce to protect and secure customer data with the timely adoption of quantum-safe solutions, policies and standards.”
The GSMA Post-Quantum Telco Network Taskforce will convene to drive consensus and adoption in this new field and it will be oriented across three areas:
About GSMA
The GSMA is a global organisation unifying the mobile ecosystem to discover, develop and deliver innovation foundational to positive business environments and societal change. Our vision is to unlock the full power of connectivity so that people, industry, and society thrive. Representing mobile operators and organisations across the mobile ecosystem and adjacent industries, the GSMA delivers for its members across three broad pillars: Connectivity for Good, Industry Services and Solutions, and Outreach. This activity includes advancing policy, tackling today’s biggest societal challenges, underpinning the technology and interoperability that make mobile work, and providing the world’s largest platform to convene the mobile ecosystem at the MWC and M360 series of events.
We invite you to find out more at gsma.com
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.
Visit https://www.ibm.com/quantum/quantum-safe for more information about IBM Quantum Safe solutions.
Media Contacts
GSMA Press Office
pressoffice@gsma.com
Brittany Forgione
IBM Communications
Brittany.Forgione@ibm.com
Vodafone Media Relations
GroupMedia@vodafone.com
Contrary to Chinese claims, there is no U.S. effort to establish a "NATO-like" organization in the Indo-Pacific.
This is not to say the United States does not have allies, partners and friends in the region. And this is not to say that the United States is not working to strengthen those ties and build a network in the region.
Ultimately, the United States and its allies are defending the international rules-based order that has served the region and globe so well. That order has fostered unprecedented economic growth in the region. This includes China – which, paradoxically, is the country trying hardest to overturn this order to its own benefit.
Secretary of Defense Lloyd J. Austin III is in Hawaii this week to meet with regional allies to strengthen the bonds among them. He is meeting with defense leaders from the Philippines, Japan and Australia.
"The regional architecture in the Indo-Pacific is a constellation of a variety of mechanisms and institutions," said a senior defense official speaking on background. "There's no singular organization or organizing principle that governs the entire region."
At its heart, meetings like this look to develop a network among like-minded nations in the region.
The United States has bilateral relations with many countries in the Indo-Pacific. The U.S. also has treaty allies – Japan, South Korea, the Philippines, Australia and Thailand. The U.S. works with the Association of Southeast Asian Nations – which includes 10 nations. There are trilateral groupings, quadrilateral groupings and more. "These are all additive and complementary to each other," the official said.
Building a network in the region does not mean building a singular organization, it means working together with more countries on that shared vision, the official said. This, by itself, makes it more likely to build stability and prosperity for the region.Coming together has happened before, obviously. "The Quad [India, Japan, Australia and the United States] that meets today really was born out of the Indian Ocean tsunami [of 2004] when a bunch of nations came together and asked, 'How do we respond to this together?'" the official said.
Indo-Pacific nations often work together without the United States. Japan and Australia have a strong bilateral relationship, for example.
"What we are trying to do when we talk about building a network, is to strengthen the institutional capacity of each of those nations so that if there is a crisis, it's not the first time [they're] ever trying to do anything together," the official said. "You have habits of cooperation, as well as increase the ties between those networks, sometimes not even involving us."
UNIVERSITY PARK, Pa. -
No. 12 Penn State women's volleyball is back in action this weekend after suffering its first loss of the season in its most recent match. The Lions travel to Madison to take on No. 8 Wisconsin on Friday at 9 p.m. ET, and then return to Rec Hall to host Michigan State on Sunday at 1 p.m. ET. Friday's match will air live on B1G Network. Sunday's match will stream on B1G+.The Lions are 12-1 overall and 1-1 in the Big Ten thanks to a 12-0 start that ranked as the program's best since 2015. They dropped just three spots in the most recent AVCA Coaches Poll thanks in large part to having two wins over nationally-ranked teams this season.
WEEKEND SCHEDULE
Friday, Sept. 30
9 p.m. ET | at No. 8 Wisconsin (7-3, 1-1 B1G) | B1G Network | Live Stats
Sunday, Oct. 2
1 p.m. | vs. Michigan State (9-4, 0-2 B1G) | Watch| Live Stats
MATCH THEMES/PROMOS
• Sunday
- THON Match - Sunday's match will raise awareness to the THON event and the fight against pediatric cancer.
PARKING
• Parking for all Penn State Athletics' non-football events will require a valid permit or payment of the applicable parking fee for campus lots. Fans with valid Penn State University Park parking permits will be permitted to park at non-football athletics events for free, following Transportation Services parking policies and access.
• Parking For women's volleyball matches, fans are asked to park in the Nittany Deck or West Deck. Fans without a permit are encouraged to prepay for event parking at a discounted rate of $6.00 through ParkMobile - https://psu.parkmobile.io/. Prepayment is available through 11:59 p.m. the day prior to each event. Event day parking will be $10 per vehicle and is cash only/can be purchased on the ParkMobile app.
•Parking for all non-football athletics events is managed by Penn State Transportation Services. For more information or questions, visit transportation.psu.edu or email parking@psu.edu.
REC HALL NEW BAG POLICY
SERIES HISTORY - WISCONSIN
• Penn State is 49-11 in the all-time series with Wisconsin. The teams first played in 1986.
• Each of the past two meetings have gone five sets. Penn State won with a reverse sweep at Rec Hall in 2019, while the Badgers won in Madison in 2021.
• The Lions are 19-8 against the Bagers in Madison.
SCOUTING WISCONSIN
• Wisconsin is ranked eighth in the nation and is 7-3 overall and 1-1 in the Big Ten following a 3-0 loss to Minnesota.
• The Badgers rank second in the Big Ten and 16th in the nation in aces/set (2.00).
• Danielle Hart ranks second in the nation in blocks/set (1.67).
• Wisconsin, which is the defending national champion, was picked first in the Big Ten Preseason Poll. Sarah Franklin, Devyn Robinson, and Anna Smrek were voted to the Preseason All-Big Ten Team.
SERIES HISTORY - MICHIGAN STATE
• Penn State is 52-7 in the all-time series with Michigan State. The teams first played in 1985.
• The Lions have won 15 straight matches in the series. The Spartans' last win came at Rec Hall in 2013.
• Penn State is 26-3 against Michigan State at Rec Hall.
SCOUTING MICHIGAN STATE
• Michigan State is 9-4 overall and 0-2 in the Big Ten following losses to Nebraska and Rutgers last weekend.
• Nalani Iosia ranks third in the Big Ten in digs/set (4.16).
• The Spartans were picked 11th in the Big Ten Preseason Poll.
NEAR THE TOP IN BLOCKS
• Penn State ranks second in the nation in blocks/set at 3.07.
• Allie Holland ranks fifth in the nation in blocks/set at 1.57, while Taylor Trammell is 44th at 1.28.
PENN STATE VS. BIG TEN
• Penn State is 612-118-1 all-time against current members of the Big 10.
• The Lions have winning records against 12 of the 13 teams in the conference. They have a winning percentage of better than .730 against all 12 of those teams.
REC HALL SUCCESS
• Penn State is 688-51 (.931) all-time at Rec Hall.
• The Lions are 319-33 (.906) against Big Ten opponents at Rec Hall and 366-18 (.953) against non-conference opponents.
UP NEXT
• Penn State goes on the road to play No. 6 Ohio State on Friday, Oct. 7. The match will air live on B1G Network.
Caris Life Sciences®(Caris), the leading molecular science and technology company actively developing and delivering innovative solutions to revolutionize health care, announced today that St. Luke's University Health Network (SLUHN) has joined Caris' Precision Oncology Alliance™ (POA). The POA is a growing network of leading cancer centers across the globe that collaborate to advance precision oncology and biomarker-driven research. POA members work together to establish and optimize standards of care for molecular testing through innovative research focused on predictive and prognostic markers that improve the clinical outcomes for cancer patients.
Founded in 1872 as its area's first community hospital, St. Luke's University Health Network is today a regional, non-profit, fully integrated, nationally-recognized network of more than 17,000 employees providing services to over one million people at 14 campuses and 300+ outpatient sites in Pennsylvania and New Jersey. St. Luke's is the only Lehigh Valley-based healthcare system to earn Medicare's five-star ratings for quality, efficiency and patient satisfaction. SLUHN is both a Leapfrog Group and Healthgrades Top Hospital and a Newsweek World's Best Hospital. U.S. News & World Report ranked St. Luke's #1 in the Lehigh Valley and #6 in the state.
"St. Luke's University Health Network is excited to join Caris' Precision Oncology Alliance and partner with key academic and clinical institutions similarly dedicated to advancing precision medicine and biomarker research," said Israel Zighelboim, M.D., FACOG, FACS, Interim Chair, Department of Oncology – Cancer Center Director, St. Luke's University Health Network.
St. Luke's 1,900+ physicians and providers are some of the most experienced in the industry, earning awards for clinical excellence and striving daily for innovations to improve patient care. SLUHN continues the tradition of health care in the Lehigh Valley by providing primary and specialist care sites, various outpatient testing and service facilities, a regional medical school campus, the nation's oldest operating nursing school, home health, inpatient and outpatient hospice services, and the largest trauma network in Pennsylvania.
"The Caris Precision Oncology Alliance is thrilled to welcome St. Luke's University Health Network as a new member as we continue our growth," said Chadi Nabhan, M.D., MBA, FACP, Chairman of the Caris Precision Oncology Alliance. "This expanded collaborative effort of institutions from across the country continues to lead to innovative research to improve the outcomes of patients with cancer."
The Caris Precision Oncology Alliance includes 72 cancer centers and academic institutions. These institutions have early access to the extensive database and artificial intelligence platform within Caris to establish evidence-based standards for cancer profiling and molecular testing in oncology. By leveraging the comprehensive genomic, transcriptomic and proteomic profiling available through Caris molecular profiling, Caris seeks to provide this network with the ability to prioritize therapeutic options and determine which clinical trial opportunities may benefit their patients. POA members are also able to integrate with a growing portfolio of biomarker directed trials sponsored by biopharma. Additionally, as a member of the POA, institutions have access to Caris CODEai™, the most comprehensive data solution in the industry with cancer treatment information and clinical outcomes data for over 275,000 patients covering over 1 million data points per patient.
About Caris Life Sciences
Caris Life Sciences® (Caris) is the leading molecular science and technology company actively developing and delivering innovative solutions to revolutionize healthcare and improve patient outcomes. Through comprehensive molecular profiling (Whole Exome and Whole Transcriptome Sequencing) and the application of advanced artificial intelligence (AI) and machine learning algorithms, Caris has created the large-scale clinico-genomic database and cognitive computing needed to analyze and unravel the molecular complexity of disease. This information provides an unmatched resource and the ideal path forward to conduct the basic, fundamental research to accelerate discovery for detection, diagnosis, monitoring, therapy selection and drug development to improve the human condition.
With a primary focus on cancer, Caris' suite of market-leading molecular profiling offerings assesses DNA, RNA and proteins to reveal a molecular blueprint that helps patients, physicians and researchers better detect, diagnose and treat patients. Caris' latest advancement is a blood-based, circulating nucleic acids sequencing (cNAS) assay that combines comprehensive molecular analysis (Whole Exome and Whole Transcriptome Sequencing from blood) and serial monitoring – making it the most powerful liquid biopsy assay ever developed.
Headquartered in Irving, Texas, Caris has offices in Phoenix, New York, Denver, Tokyo, Japan and Basel, Switzerland. Caris provides services throughout the U.S., Europe, Asia and other international markets. To learn more, please visit CarisLifeSciences.com or follow us on Twitter (@CarisLS).
About St. Luke's University Health Network (SLUHN)
SLUHN is the only Lehigh Valley-based health care system to earn Medicare's five-star ratings (the highest) for quality, efficiency and patient satisfaction. It is both a Leapfrog Group and Healthgrades Top Hospital and a Newsweek World's Best Hospital. U.S. News & World Report ranked St. Luke's #1 in the Lehigh Valley and #6 in the state. The Network's flagship University Hospital has earned the 100 Top Major Teaching Hospital designation from Fortune/Merative 10 times total and eight years in a row, including in 2022 when it was identified as the #2 teaching hospital in the country. In 2021, St. Luke's was identified as one of the 15 Top Health Systems nationally. Utilizing the Epic electronic medical record (EMR) system for both inpatient and outpatient services, the Network is a multi-year recipient of the Most Wired award recognizing the breadth of the SLUHN's information technology applications such as telehealth, online scheduling and online pricing information. The Network is also recognized as one of the state's lowest cost providers.
HONOLULU – Casey K. Umetsu, Sr., age 40, of Honolulu, Hawaii, pled guilty today before United States District Judge Jill A. Otake to sabotaging his former employer’s computer network. Sentencing is set for January 19, 2023.
According to court documents and information presented in court, Umetsu worked as an information technology professional for a prominent Hawaii-based financial company between 2017 and 2019. In that role, Umetsu was responsible for administering the company’s computer network and assisting other employees with computer and technology problems. As part of his guilty plea, Umetsu admitted that, shortly after severing all ties with the company, he accessed a website the company used to manage its internet domain. After using his former employer’s credentials to access the company’s configuration settings on that website, Umetsu made numerous changes, including purposefully misdirecting web and email traffic to computers unaffiliated with the company, thereby incapacitating the company’s web presence and email. Umetsu then prolonged the outage for several days by taking a variety of steps to keep the company locked out of the website. Umetsu admitted he caused the damage as part of a scheme to convince the company it should hire him back at a higher salary.
“Umetsu criminally abused the special access privileges given to him by his employer to disrupt its network operations for personal gain,” said U.S. Attorney Clare E. Connors. “Those who compromise the security of a computer network – whether government, business, or personal – will be investigated and prosecuted, including technology personnel whose access was granted by the victim.”
“This is a great example of a company partnering, and working with the FBI, to catch a former employee who sabotaged their network for their own personal gain,” said FBI Special Agent in Charge Steven Merrill. “We encourage companies to include the FBI as part of their cybersecurity incident plan so we can assist when they have a cyber incident.”
Umetsu faces a maximum sentence of 10 years in prison, a fine of up to $250,000, and a term of supervised release of up to 3 years. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and other statutory factors.
This conviction is the result of an investigation conducted by the Federal Bureau of Investigation. Assistant U.S. Attorneys Rebecca A. Perlmutter and Wayne A. Myers are handling the prosecution.
Effective immediately, Alex Mashinsky will resign as chief executive officer of Celsius Network.
The letter of resignation came today after months of misleading statements and obfuscation. Mashinsky obscured the facts and attempted to play down the seriousness of the situation at his firm. Just a day before the company’s implosion and the announcement that it would suspend withdrawals, Mashinsky had taken to Twitter to challenge a critic to find a single instance of a withdrawal denial.
Today, after months of obfuscation, Mashinsky decided to disappear from public view while maintaining his directorship at the company he founded.
“Effective immediately, please accept my resignation as CEO of Celsius Network Ltd, as well as my directorships and other positions at each of its direct and indirect subsidiaries, with the exception of my director position at Celsius Network Ltd. I regret that my continued role as CEO has become an increasing distraction, and I am very sorry about the difficult financial circumstances members of our community are facing,” he stated.
What suddenly changed for Alex Mashinsky?
While it’s impossible to say for sure right now, something has changed to force the Celsius founder from his position. Given the situation unfolding, it’s improbable that Mashinsky is doing this as a moral obligation or “right thing to do.” If his actions over the last few months have shown us anything, it’s that self-interest is priority number one in camp Mashinsky.
Is it possible that the international arrest warrant for Terraform Labs Founder Do Kwon spooked Mashinsky and signaled that he should fade to black ASAP? Again, it would be mere speculation to say so, but it’s certainly coincidental timing.
Why now, after months of holding on even after he brought his firm into financial oblivion, leaving loyal customers holding the bag for approximately $4.7 billion, did Mashinsky decide to step down? We’ll have to wait to find out, but I have a sneaking suspicion we won’t have to wait too long.
What happened to Celsius Network?
For those who don’t know, Celsius Network was one of the most popular digital currency lending platforms. It offered depositors higher yields than banks offered to deposit their coins which would then be lent out to borrowers.
In June, Celsius imploded in spectacular fashion. In a series of events that would lead to the implosion of the entire digital currency market, including the folding of Three Arrows Capital and the closure of some other lending platforms, Celsius froze withdrawals without any real warning.
Soon after, the firm announced that it was insolvent and filed for Chapter 11 bankruptcy, a move that allowed it to hold onto depositors remaining funds while it tried to work out a plan to salvage something from the mess.
Since then, many have wondered if Celsius Network was a classic Ponzi scheme all along. A Vermont regulator even said so outright.
Earlier in September, a bankruptcy court in Manhattan announced it was looking closer at Celsius’ actions and finances after a Department of Justice request for an independent investigation.
Whether Mashinsky’s resignation is, in any way, linked to the probe is unknown at this time. However, one thing is certain; Celsius Network customers still have not been made whole, and they have little hope of getting their funds back anytime soon.
Follow CoinGeek’s Crypto Crime Cartel series, which delves into the stream of groups from BitMEX to Binance, Bitcoin.com, Blockstream, ShapeShift, Coinbase, Ripple,
Ethereum, FTX and Tether—who have co-opted the digital asset revolution and turned the industry into a minefield for naïve (and even experienced) players in the market.
New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.
ALEXANDRIA, Va. – A Front Royal woman was sentenced today to seven years in prison for being the ringleader of a decade-long oxycodone distribution network, sourcing high-dosage oxycodone pills from a doctor in Arlington.
According to court documents, Candie Marie Calix, 40, nominally worked as an office manager for a physician in Arlington, referred to in court records as Doctor-1. Between 2012 and 2022, Doctor-1 prescribed Calix nearly 40,000 oxycodone 30-mg pills and more than 9,000 oxycodone 15-mg pills. Doctor-1 also prescribed similar quantities of oxycodone 30-mg and 15-mg pills to Calix’s relatives, including her mother, grandparents, great-grandmother, brother, and husband. These quantities were far in excess of therapeutic doses, and Calix personally distributed or directed others to distribute most of the pills that Doctor-1 prescribed to Calix and her family members.
Calix functioned as the gatekeeper to Doctor-1; she recruited individuals she knew from around Front Royal to be “patients” of Doctor-1 and obtain large quantities of oxycodone. These “patients,” in turn, typically kicked back the oxycodone 30-mg pills they were prescribed to Calix to redistribute, and kept the oxycodone 15-mg pills for their own use. Calix recruited at least 12 individuals to be “patients” of Doctor-1—even though she knew them to be addicted to opiates already.
Calix and her co-conspirators used coded language to refer to the pills they distributed, for example, referring to oxycodone 30-mg pills as “tickets,” “blueberries,” or “muffins.” The co-conspirators typically sold oxycodone 30-mg pills at a cost of $25 per pill, and over the course of the conspiracy, generated at least $5,000 per month in profits. Calix agreed to entry of a money judgment of more than half a million dollars representing the proceeds of the conspiracy that she realized.
Jessica D. Aber, U.S. Attorney for the Eastern District of Virginia; and Wayne A. Jacobs, Special Agent in Charge of the FBI Washington Field Office Criminal Division, made the announcement after sentencing by Senior U.S. District Judge Anthony J. Trenga.
Assistant U.S. Attorney Katherine E. Rumbaugh prosecuted the case.
The case was investigated as part of the Organized Crime Drug Enforcement Task Forces (OCDETF). The OCDETF program is a federal multi-agency, multi-jurisdictional task force that supplies supplemental federal funding to the federal and state agencies involved in the identification, investigation, and prosecution of major drug trafficking organizations. The principle mission of the OCDETF program is to identify, disrupt and dismantle the most serious drug trafficking, weapons trafficking, and money laundering organizations, and those primarily responsible for the nation’s illegal drug supply.
A copy of this press release is located on the website of the U.S. Attorney’s Office for the Eastern District of Virginia. Related court documents and information are located on the website of the District Court for the Eastern District of Virginia or on PACER by searching for Case No. 1:22-cr-115.
Apple has taken down Russian social network VK’s app from its App Store globally. The social media company said the VKontakte app is “not available for download and update in the App Store.” However, apps that are already installed on Apple devices will continue to work, but there might be some issues with payments and notifications. Plus, users can access the social network through the mobile website.
“VK will continue to develop and support applications for iOS. Our experts do everything to maintain and continue to improve user comfort,” the company said in a blog post, but didn’t specify how these apps will be distributed without being on the App Store as Apple doesn’t allow users to sideload apps. Last year, in compliance with local laws, Apple included VK in the suggested apps section displayed while setting up an iPhone in Russia.
Apple removed the app from the App store because of the U.K.’s sanctions on Russian companies.
“These apps are being distributed by developers majority-owned or majority-controlled by one or more parties sanctioned by the UK government, in order to comply with these sanctions, Apple terminated the developer accounts associated with these apps, and the apps cannot be downloaded from any App Store, regardless of location. Users who have already downloaded these apps may continue to use them,” an Apple spokesperson told The Verge. We have reached out to the company for more details.
The VK app is still available on the Google Play Store. TechCrunch has asked Google if it plans to remove those apps.
Earlier this week, the U.K. imposed 92 sanctions on Russia for imposing “sham referendums” in four regions of Ukraine. These sanctions included executives from Gazprombank, which has links to entities controlling VK.
In response to Apple’s removal of VK’s app, The Russian Digital ministry told state-owned media house RT that it has asked Apple for the reason for the takedown. They also warned they have an unspecified “plan of action” based on the response. Notably, Apple removed apps of RT and Sputnik media outlets from the App Store in March.
After Russia began its invasion of Ukraine earlier in the year, Apple suspended sales of its products and stopped search ads on the Russian App Store.
The European Telecommunications Network Operators' Association (ETNO) has again called for big technology companies – and especially video streamers – to pay for their share of internet infrastructure.
A Monday statement signed by 16 telco bosses from across the continent calls on the European Commission to adopt policies that prioritize sustainability of the planet and the telecoms industry.
The document argues the two sustainability objectives are intertwined because better digital infrastructure will reduce pressure on physical resources.
But the CEOs believe they're being asked to do all the heavy lifting to fund and build that infrastructure, and with 5G builds ongoing and metaverses just around the corner they argue it's unfair to be asked to pay for it alone.
"We believe that the largest traffic generators should make a fair contribution to the sizeable costs they currently impose on European networks," the document states.
"In addition, a fair contribution would send a clear financial signal for streamers in relation to the data growth associated with their use of scarce network resources," the document states. The CEOs also suggest having streamers pay up could "benefit tech companies, who rely the most on massive network upgrades, as we move to an age of open and connectivity-enabled metaverses."
ETNO issued a very similar letter in November 2021 when it made "Big Tech platforms" the villain.
In the months since the GSM Association weighed in with a similar opinion and data claiming that Alphabet, Meta, Netflix, Apple, Amazon, and Microsoft together account for 57 percent of all network traffic and 57 percent of global profits earned in the "internet value chain".
The GSM Association points out that Big Tech also enjoys very high profit margins, while carriers are burdened with disproportionate capital expenditure and operate at far lower margins.
Big Tech does invest in networks but focuses on infrastructure that ensures its own services are efficient. Carriers are left to build the networks that funnel traffic to Big Tech – even though doing so strains their finances.
The statement should be well received by the European Commission, which has already backed a Green Digital Coalition to promote the environmental sustainability benefits that can flow from digital technology. The Commission has also seldom been shy of giving Big Tech a kicking over competition issues and may relish the chance to have another crack on the issue of infrastructure costs.
The letter was signed by CEOs from Swisscom, Telekom Austria Group, United Group, Bouygues Telecom, Proximus Group, Telenor Group, Fastweb, Altice Portugal, Orange Group, Deutsche Telekom, BT Group, Telia, TIM Group, Telefónica, Vodafone Group, and the chair of Dutch carrier KPN. ®
The European Telecommunications Network Operators' Association (ETNO) has again called for big technology companies – and especially video streamers – to pay for their share of internet infrastructure.
A Monday statement signed by 16 telco bosses from across the continent calls on the European Commission to adopt policies that prioritize sustainability of the planet and the telecoms industry.
The document argues the two sustainability objectives are intertwined because better digital infrastructure will reduce pressure on physical resources.
But the CEOs believe they're being asked to do all the heavy lifting to fund and build that infrastructure, and with 5G builds ongoing and metaverses just around the corner they argue it's unfair to be asked to pay for it alone.
"We believe that the largest traffic generators should make a fair contribution to the sizeable costs they currently impose on European networks," the document states.
"In addition, a fair contribution would send a clear financial signal for streamers in relation to the data growth associated with their use of scarce network resources," the document states. The CEOs also suggest having streamers pay up could "benefit tech companies, who rely the most on massive network upgrades, as we move to an age of open and connectivity-enabled metaverses."
ETNO issued a very similar letter in November 2021 when it made "Big Tech platforms" the villain.
In the months since the GSM Association weighed in with a similar opinion and data claiming that Alphabet, Meta, Netflix, Apple, Amazon, and Microsoft together account for 57 percent of all network traffic and 57 percent of global profits earned in the "internet value chain".
The GSM Association points out that Big Tech also enjoys very high profit margins, while carriers are burdened with disproportionate capital expenditure and operate at far lower margins.
Big Tech does invest in networks but focuses on infrastructure that ensures its own services are efficient. Carriers are left to build the networks that funnel traffic to Big Tech – even though doing so strains their finances.
The statement should be well received by the European Commission, which has already backed a Green Digital Coalition to promote the environmental sustainability benefits that can flow from digital technology. The Commission has also seldom been shy of giving Big Tech a kicking over competition issues and may relish the chance to have another crack on the issue of infrastructure costs.
The letter was signed by CEOs from Swisscom, Telekom Austria Group, United Group, Bouygues Telecom, Proximus Group, Telenor Group, Fastweb, Altice Portugal, Orange Group, Deutsche Telekom, BT Group, Telia, TIM Group, Telefónica, Vodafone Group, and the chair of Dutch carrier KPN. ®
New England Patriots quarterback Mac Jones suffered a high ankle sprain in Sunday's loss to Baltimore that could knock him out for the coming weeks.
NFL Network Insiders Ian Rapoport and Tom Pelissero reported Monday that tests confirmed Jones suffered a "pretty severe" high ankle sprain, per sources informed of the situation.
The current hope is Jones can avoid surgery and he's getting a second opinion that will further clarify his timeline to return.
Jones told reporters on Monday afternoon that he is taking his status day to day, but that any specific injury questions should be directed to Patriots head coach Bill Belichick. Jones reiterated that stance when he asked if surgery was a possibility.
"Definitely any updates, you can talk to coach about," Jones said, per NFL Network's Mike Giardi.
Jones was injured on his final throw of Sunday's loss -- an interception -- when Baltimore defensive lineman Calais Campbell landed on his ankle while hitting the QB. Jones limped off the field in obvious pain and immediately went in for tests.
Belichick was mum when asked about Jones' status earlier Monday morning, saying he wouldn't make "wild speculation" until further tests came available.
Jones has displayed toughness in his young career, but the ankle injury makes it hard to imagine he'd suit up this week versus the Green Bay Packers. Depending on the outcome of the second opinion, injured reserve could be an option, which would knock the signal-caller out for at least four weeks.
Veteran Brian Hoyer is in line to start in the event Jones misses time. Fourth-round rookie Bailey Zappe is the third QB on the roster.
Frank DiGraci, the YES Network’s long-time Brooklyn Nets game producer, was named the recipient of the NBA’s 2022 Todd Harris Spirit Award at the NBA Broadcasting meetings this past week.
Named in honor of long-time NBA executive Todd Harris, the award recognizes an NBA broadcaster or executive who is the ultimate team player and inspires people to make every day brighter. Harris passed away in 2017 at the age of 47.
This coming NBA season will mark DiGraci’s 24th season covering the Nets and his 20th season producing Nets games on YES. DiGraci has won 13 New York Emmy Awards at YES.
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DUBAI, United Arab Emirates, Sept. 25, 2022 (GLOBE NEWSWIRE) -- JaxPool, a mining pool focused on merge-mining Jax.Network with Bitcoin, has increased its hashrate to 1.58 Ehash/s. That’s almost a 32% increase since last week. To put into perspective, Bitcoin SV (BSV) has only 0.54 Ehash/s and Bitcoin Cash (BCH) has 1.43 Ehash/s at the moment of writing.
JaxPool was launched in August 2022 to allow miners to test their mining pool and different modes of participation. The pool offers negative fees, meaning miners don’t have to pay anything for mining BTC as a part of the pool. In addition, a 1% bonus in BTC is paid out for every Phash/s dedicated to the pool, not to mention extra rewards in JXN.
In less than two months, JaxPool has managed to surpass the average daily hashrate of both BSV and BCH. The latter happened just this week, as JaxPool reached an all-time high of 1.58 Ehash/s. At the moment of writing, BSV has 0.54 Ehash/s, while BCH increases its daily hashrate to 1.43 Ehash/s, which is still 0.15 Ehash/s lower than Jax.Network.
“We are extremely glad to see our pool growing as more miners decide to entrust their hashrate to merge-mine Bitcoin with Jax.Network. We expect to keep pace with the increasing demand and deliver top-notch user experience to miners,” Vinod Manoharan, Founder of Jax.Network, revealed in a comment.
About JaxPool
JaxPool is a BTC mining subpool under a top-5 mining pool. Its goal is to merge-mine Bitcoin with the Jax.Network blockchain and provide miners with increased profitability.
About Jax.Network
Jax.Network provides the technological infrastructure for a decentralized energy-standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN. Jax.Network aims at making these coins a universal standard for the quantification of economic value. Established in 2018, the company united professionals from all over the world to build a blockchain network based on the Proof-of-Work consensus mechanism and pure state sharding as a scaling solution.
KFW Network
The Pannikin Building
$40-$65
All monies go to support our future events as we are a non profit.
The Kids Fashion Week Network is excited to return to San Diego for its second runway show and third year serving the community of kid entrepreneurs in Southern California. The “Showstoppers Ball, City Legends'' Runway Show will take place on Sunday, September 25, 2022 and will be hosted by Tati from STAR 94.1. Ticket holders can expect a high-quality runway experience featuring a cast of 25 professional mini-models, three kid designers under the age of 10, a 17-year-old DJ, family-friendly vendors, and three junior executives hosting the red carpet.
“We are truly grateful for the support that San Diego has shown KFW over the last couple of years.” says KFW So-Cal’s Director of Events, Aubree Russell. “We have had the pleasure of collaborating with a plethora of amazing people, businesses, and families in various communities in San Diego.”
Sponsors include Athleta, LifePoint Church, Friar Tux, PAT Can Film It, and All Of Us Productions.
The Kids Fashion Week Network is a talent incubator that prepares young designers, models and entrepreneurs for their careers by providing mentoring platforms and engaging opportunities; spotlighting fashion innovations and celebrating creative excellence!
More information about KFW Network and all of our events please visit our website. Media & Press opportunities are available.
Kids Fashion Week Network SoCal
619-786-8441
socal@kfwnetwork.com
Enlarge Comcast Comcast has reluctantly agreed to discontinue its "Xfinity 10G Network" brand name after losing an appeal of...
