the International monetary fund the IMF to illustrate the April Fiscal Monitor, in its report, how the taxation and in particular tax fraud affect different countries on productivity.the IMF writes, how the country can boost its productivity by developing as well as tax policies that the administration, where companies can invest and hire labor to their business and tax regulations terms.monetary fund estimates that the taxation of developing countries real gross domestic product would rise on average by about one percentage point for 20 years.the IMF illustrates an example of two almost identical software company, one of which paid less in taxes and its cost of capital, with statutory obligations, are smaller.Less taxes paid by the company afford to make such investments, which are not that very well, while the higher taxes paid by the companies can afford to invest only in very productive activities.total output would increase if capital would be transferred to lighter taxes that vista attempts to more heavily tax to be companies whose investments generate better.
Shares of the small tech company MGT Capital Investments were up more than 37% on Tuesday at $4.08 per share.With over 108 million shares traded, it was the most active stock, ahead of Bank of America.Tuesday was another day in a stream of strong upward moves for the stock after the company announced on May 9 that it was naming John McAfee, founder of antivirus firm McAfee Security, as CEO and re-branding the firm John McAfee Global Technologies Inc.The surge followed the McAfee announcement, which included a sudden shift in the business from online gaming to cybersecurity.MGT acquired D-Vasive, a company that produces software that protects cellphones, on May 9.Before the shift, the company focused on online games such as slots simulator SlotChamp and had a 10% stake in daily fantasy site DraftDay.com.The firm had no holdings regarding cybersecurity before the acquisition, according to its most recent annual filing.Here's what we know about the abrupt pivot so far:September 8, 2015: MGT sells all but 11% of its stake in DraftDay.com, according to its annual report.April 14: After delaying its annual report from March 31, MGT files its report, saying it has $359,000 in cash on hand.The report does say that following the sale of DraftDay, the firm is "considering all methods to create value for shareholders, including potential mergers, spin-offs, distributions and other strategic actions.Brauser has been sued numerous times for fraud involving small, publicly listed firms, though some of those allegations have been dismissed.The most recent was dismissed in September 2015, for the company IDI Inc. Brauser was also CEO of an email-marketing company, Naviant, which was acquired and eventually sued by credit agency Equifax after the firm accused the shareholder sellers of fraud.According to that filing, Silverman and his firm no longer have any representation on the board.May 9: McAfee is named chairman and CEO, and the company buys Wyoming-based cybersecurity firm D-Vasive for $300,000 in cash and 4,760,000 in shares of MGT.
From Marketing Land:Data provider Acxiom opens up its turnkey marketing analytics environmentMay 17, 2016 by Barry LevineCalled Acxiom Marketing Analytics Environment or AMAE, it offers the first full integration of the company s 2014 LiveRamp acquisition.9 reasons you should attend SocialPro in Seattle this JuneMay 17, 2016 by Marketing LandAre you a professional social media marketer focused on driving results for your company or clients?Botnet hijacks search results to siphon Google AdSense for Search revenueMay 17, 2016 by Ginny MarvinThe click-fraud botnet Redirector.Paco has infected nearly 1 million computers worldwide since 2014, according to researchers.Email provider Bluecore, UGC platform Olapic team up to use consumers photos in marketing emailsMay 17, 2016 by Barry LevineThe collaboration points to the growing incorporation of user content into more marketing channels.Google launches their new mobile-friendly testing toolMay 17, 2016 by Barry SchwartzGoogle revamped the mobile-friendly testing tool after its launch back in November 2014.The Biggest Mistakes in Usability Testing, www.uxmatters.comAmazon Wants Alexa to Take Control of Your Smart Home, www.wsj.comConnexity, Inc. Launches Enhanced AudienceView, connexity.comFirst Intentionally-Initiated Out-of-Stream Format Displays Both Direct Response and Engagement Ad Creative, www.vibrantmedia.comLatest Hootsuite App Dynamically Manages Social Between Desktop and Mobile, hootsuite.comMavrck Launches Beta Program for Pinterest Influencer Activation Engine, www.mavrck.coNetLine Advances with Account-Based Marketing Platform Powered by First-Party Intent Data, www.prnewswire.comProgress Announces New Digital Transformation Solutions to Combat Digital Denial, www.businesswire.comFive Questions You Need to Ask Before Purchasing New Technology, www.marketingprofs.com30 Practical Tips for Producing Great Facebook Live Videos, www.problogger.net5 Best Practices to Consider Before You Use Livestreaming Video, blogs.constantcontact.comTwitter is testing a Periscope live-streaming button inside its mobile apps, techcrunch.com
It is claimed 1.5 million users are signing up for the service each month.Android Pay in the UKAndroid Pay 2American Express cards are not supported at launch despite working the US, while NatWest, RBS and Santander accounts are not compatible.The average number of journeys made on London s transport network using mobile devices has increased from 7,500 a day to more than 35,000, with more than 200,000 unique devices used to make trips in the six months leading up to February – an increase of 1,000 devices per day.A survey we carried out revealed 57 percent of Britons don t feel comfortable paying for goods and services through their mobile phones, and 45 percent are concerned about security and fraud.It ll take years not months to build trust in mobile payments among the mainstream and, while the openness of Android as a platform for developers might be a good thing for the user experience, just one data breach or financial hack could destroy all that trust and goodwill – so vigilance is key.Try our quiz!
Got an Android smartphone?It's been a long time coming, but Android Pay finally makes the hope from the US to the UK this week, bringing contactless payments to Brits running Google's mobile OS.You'll be able to use your phone to spend up to £30 at a time, anywhere that contactless payments are accepted - which includes pretty much everywhere you've thought about going for lunch today.Companies with contactless terminals don't have to do anything: your phone will just work once you've installed the app and set up your credit or debit cards.Barclays is noticeably absent - it's trying something a little different with its own dedicated app.The app generates a unique code for every card, rather than sharing the actual card number, so you stay safe from fraud.
Meanwhile, the Investigatory Powers Bill is 'delivering''My Ministers will ensure..." UK is at forefront of new transport tech, including "autonomous and electric vehicles".Photo by NASAPromises on broadband make up the mainstay of a new Digital Bill, first revealed at The Register back in January and formally revealed in the Queen s Speech today.The government will also harmonise the maximum jail term for industrial-scale economic copyright infringement in line with physical infringement; currently it's 10 years for physical and two years for digital.UK.gov also promised new powers for public authorities to share information to combat the public sector fraud which costs the country billions .My Ministers will ensure the United Kingdom is at the forefront of technology for new forms of transport, including autonomous and electric vehicles*, Brenda promised.The Investigatory Powers Bill was declared to be delivering "on the manifesto pledge on communications data to strengthen the ability to disrupt terrorist plots, criminal networks and organised child grooming gangs".
Lorenzo Galassi / AP / TT Photo: The surgeon Paolo Macchiarini reported for yet another suspected case of "research misconduct". It's about tomographic images of an implanted artificial trachea contained in an article published in The Lancet in 2011. According to the notification, the controversial surgeon and his research colleague manipulating images and date, writes Swedish newspaper Svenska Dagbladet. Behind the notification, the four doctors who also reported Macchiarini 2014. "We take seriously all allegations of misconduct in research and has made a first assessment of this notification. It concerns an article that is already included in the ongoing investigation into Paolo Macchiarini, where opinion will be sought from the Expert Group on research misconduct at the Central Ethical Review Board.
News: CBR pores over the latest Queen's Speech for tech-related announcements.The bill also included promises to change planning laws so that this was easier to achieve, as well as a right to automatic compensation when things "go wrong" with their broadband service.The briefing document also set out plans for Government to use data to deliver better services, as well as share information to combat "public sector fraud which costs the country billions."A separate bill, the Modern Transport Bill, would focus on encouraging investments in autonomous vehicles and provide for legislation to put the UK at the forefront of technology in drones and autonomous and driverless vehicles.This would allow apps like the London CityMapper to become available in other locations in the country.Alongside these measures the bill focused on extending the Government's existing economic and social objectives, for example what the Government refers to as the 7-day NHS and new rules around adoption.
McAfee is the founder of the antivirus software company that bears his name, though he hasn't been involved with that company for some time.On Wednesday it announced another investment — for a stake in a tiny drugmaker that ostensibly has nothing to do with cybersecurity.Here's the full breakdown:September 8, 2015: MGT sells all but 11% of its stake in DraftDay.com, according to its annual report.April 14: After delaying its annual report from March 31, MGT files its report, saying it has $359,000 in cash on hand."May 3: Michael Brauser, of Grander Holdings, acquires 1,337,668 shares of MGT Technologies, 6.4% of the company at the time of filing.The most recent was dismissed in September 2015, for the company IDI Inc. Brauser was also CEO of an email-marketing company, Naviant, which was acquired and eventually sued by credit agency Equifax after the firm accused the shareholder sellers of fraud.Brauser, however, told Business Insider, "I recieved a lot of money from the settlement.According to that filing, Silverman and his firm no longer have any representation on the board.May 9: McAfee is named chairman and CEO, and the company buys Wyoming-based cybersecurity firm D-Vasive for $300,000 in cash and 4,760,000 in shares of MGT.
French startup Shift Technology just raised a $10 million Series A round from Accel, with existing investors Elaia Partners and Iris Capital also participating.This way, insurance companies can save money.Shift Technology uses a Software-as-a-Service approach so that its tools get better over time.So Shift Technology s platform looks like an easy sell.The startup also suggests actions to investigate on a specific claim.It s not perfect, but it s pretty good.
Shift Technology, a software-as-a-service SaaS platform that leans on artificial intelligence AI to help companies combat insurance fraud, has raised $10 million in a round led by Accel, with participation from existing investors Iris Capital and Elaia Partners.Founded out of Paris in 2013, Shift Technology taps machine learning smarts to combat insurance fraud, using what it calls a decision support platform that automates the process of detecting fraud and helps humans prioritize which cases to follow-up on.As with most machine-learning systems, Shift Technology promises to improve over time by tapping user feedback and additional data.The company claims to have processed more than 50 million claims for insurers around the world since it was launched in 2014.Shift Technology is the latest machine-learning startup to raise significant capital — back in April, Twiggle raised $12.5 million to challenge Amazon s A9 ecommerce search engine, while X.ai nabbed $23 million to launch an AI personal assistant.But Shift Technology represents a growing trend, specifically in the funding of fraud-detection startups.And just last month, Forter closed a $32 million round to bring automated real-time fraud-prevention technology to online retailers.By focusing on the specific requirements of the insurance industry, we have been able to build a unique platform that helps the industry fight fraud more efficiently, said Jeremy Jawish, CEO and cofounder of Shift Technology.Today s news represents Shift Technology s first significant funding, following a $1.8 million seed round back in 2014.
WhiteHat Security founder Jeremiah Grossman has published details that could help victims of domain hijacking.The penetration tester writes how he helped an unnamed video production house to fight a scammer who had opened a mimic website to defraud customers.Staff names and photos were altered along with contact information such that customers would contact the criminal instead of the film company.Grossman grabbed WHOIS data, and used the dig command and the American Registry for Internet Numbers to find the IP address and connected hosting provider, GoDaddy, which directed the hacker to report the fraud to ICANN.The scammer cottoned on and changed his code to kill the redirect, and was soon defeated after GoDaddy took the fraudulent site down.The largest and most vigilant brands pre-register copycat domains, and typosquatting domains where a common mistyped key would lead to another website.
It says Shogo Cottrell, a security specialist in HPE in an interview with IDG News. Read also: Sale of cybercrime - this is the price list to hack your email or conduct a DDoS attack - In a sense, follow the money. There are criminal activities that provide support around the clock, others offer money-back guarantees on their products and services. For example, credit card fraud is not as profitable for the criminals, although these also are fairly simple to implement. Read also: Nätexperten: We need a commission of inquiry to learn from DDoS attacks Shogo Cottrell recommend companies to take several measures to disrupt nätbrottslingarnas operations, including encryption of sensitive data and the use of security tools. - The attacking prefer easy targets, so that the use of technology to protect your assets will achieve dramatic results.
It says Shogo Cottrell, a security specialist in HPE in an interview with IDG News. Read also: Sale of cybercrime - this is the price list to hack your email or conduct a DDoS attack - In a sense, follow the money. There are criminal activities that provide support around the clock, others offer money-back guarantees on their products and services. For example, credit card fraud is not as profitable for the criminals, although these also are fairly simple to implement. Read also: Nätexperten: We need a commission of inquiry to learn from DDoS attacks Shogo Cottrell recommend companies to take several measures to disrupt nätbrottslingarnas operations, including encryption of sensitive data and the use of security tools. - The attacking prefer easy targets, so that the use of technology to protect your assets will achieve dramatic results.
The BoE ordered them to detail steps taken to secure computers connected to the SWIFT bank messaging network, according to insiders who spoke to Reuters.The orders included conducting a 'compliance check' to check whether they are following security procedures issued by SWIFT after an attack in February saw $81m £56m stolen from Bangladesh's central bank.On 13 May, SWIFT issued a notice saying that another instance of a malware-led attack on an institution had emerged, directed at banks' secondary controls.In addition to the two fraud attempts on the SWIFT network, major financial institutions have been targeted recently as part of hacking group Anonymous's Operation Icarus, a hacktivist project protesting the role of banks in global corruption.In 2014, Andrew Gracie, Executive Director, Resolution at the BoE, formally launched a new framework to help identify areas where the financial sector could be vulnerable to sophisticated cyber-attack.This was part of the BoE's response to the Financial Policy Committee's recommendation to test and improve resilience to cyber-attack.
This falls broadly into two categories: crimes committed that relate to computers themselves or traditional crimes conducted over the internet.The law also covers the creation of malware or anything that can be used to violate the other sections of the law.It could also include offences such as hate crime.Phishing attacks, for example, which involve sending out fraudulent communications with the aim of harvesting the victims' data, are punishable under fraud laws after amendments to the existing law were made in 2005.Identity theft, which simply means impersonating another person using their credentials, can also take place online.This personal information could include passport numbers, bank details or even information as mundane and seemingly innocuous as a name or date of birth.
Run--don't just walk away from any pitch that uses words like "guaranteed," "sure thing" or "no risk" while claiming a sustained return much in excess of what you can get with T-bills or a bank CD admittedly, not much these days .If it's a sure thing, why isn't the promoter on the Forbes 400 list with Berkshire Hathaway's Warren Buffett.Or a fellow Lithuanian, African American, Mason, Orthodox Jew, Rotarian or whatever.Beware any appeal that seeks to leverage a shared characteristic with you such as race, religion or social membership.That can be a tip-off to affinity fraud, premised on your letting down your guard because you re with a spirit you think is kindred.The current wave of collapsing Chinese stocks is being led by fallen reverse mergers.
Wells Fargo has countered that security lapses in BDA s own operations caused the Ecuadorean bank s losses.The lack of disclosure may foster over confidence in SWIFT network security by banks, which routinely approve transfer requests made through the messaging network without additional verification, former SWIFT employees and cyber security experts said.SYSTEMIC RISKSWIFT, a cooperative owned and governed by representatives of the banks it serves, was founded in 1973 and operates a secure messaging network that has been considered reliable for four decades.But recent attacks involving the Belgium-based cooperative have underscored how the network's central role in global finance also presents systemic risk.However, some former SWIFT employees said that the cooperative struggles to keep banks informed on risks of cyber fraud because of a lack of cooperation from the banks themselves.Banks also fear notifying SWIFT or law enforcement of security breaches because that could lead to regulatory investigations that highlight failures of risk management or compliance that could embarrass top managers, said Hugh Cumberland, a former SWIFT marketing executive who is now a senior associate with cyber security firm Post-Quantum.
24/7 Wall St. looked at data from the Federal Trade Commission to reveal the states with the highest rates of identity theft.They point out that the numbers might vary quite a bit between states because of the protection measures implemented in those states.They also explain their methodology:To identify the 10 states with the highest incidence of identity theft, 24/7 Wall St. reviewed data for the 2015 calendar year from the FTC s Sentinel Network Data Book, which compiles the total number of fraud complaints in each state.Connecticut and Florida also had a large number of occurrences at 225 and 217 complaints per 100,000 people, respectively.amount stolen: $973 24th lowest 5.For more detail and for the rest of the list, head to the link below.
It's a 'priority'Security vendors have welcomed plans to trial digital versions of the UK s driving licence.The DVLA Driver and Vehicle Licensing Agency is working on a digital version of its driving license for smartphones, to serve as an "add-on" to the existing plastic card.Simon Moffatt, EMEA director at identity and access management firm ForgeRock, welcomed the move as part of wider UK government plans to deliver more services digitally.Consumers are becoming more comfortable with paying for goods by smartphones and paperless airline travel and this is likely to smooth the introduction of digital driving licences, Moffatt argued."One of the main sources of identity theft and fraudulent use is often attributed to the level of human interaction that occurs in the supply chain of such data.Security vendors nonetheless remain upbeat about the prospect of digital driving licences.
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