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‘Sinking’ Pacific Nation Tuvalu Is Actually Getting Bigger

mi shares a report from Phys.Org: The Pacific nation of Tuvalu — long seen as a prime candidate to disappear as climate change forces up sea levels — is actually growing in size, new research shows. A University of Auckland study examined changes in the geography of Tuvalu’s nine atolls and 101 reef islands between 1971 and 2014, using aerial photographs and satellite imagery. It found eight of the atolls and almost three-quarters of the islands grew during the study period, lifting Tuvalu’s total land area by 2.9 percent, even though sea levels in the country rose at twice the global average. Co-author Paul Kench said the research, published Friday in the journal Nature Communications, challenged the assumption that low-lying island nations would be swamped as the sea rose. It found factors such as wave patterns and sediment dumped by storms could offset the erosion caused by rising water levels. Read more of this story at Slashdot.

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‘Sinking’ Pacific Nation Tuvalu Is Actually Getting Bigger

Wells Fargo Hit With ‘Unprecedented’ Punishment Over Fake Accounts

An anonymous reader quotes CNN: The Federal Reserve has dropped the hammer on Wells Fargo, [handing] down unprecedented punishment late Friday for what it called the bank’s “widespread consumer abuses, ” including its notorious creation of millions of fake customer accounts. Wells Fargo won’t be allowed to get any bigger than it was at the end of last year — $2 trillion in assets — until the Fed is satisfied that it has cleaned up its act. Under pressure from the Fed, the bank agreed to remove three people from the board of directors by April and a fourth by the end of the year. It is the first time the Federal Reserve has imposed a cap on the entire assets of a financial institution, according to a Fed official. “We cannot tolerate pervasive and persistent misconduct at any bank, ” outgoing Fed Chairwoman Janet Yellen said in a statement. Friday was her last day on the job…. Wells Fargo admitted that its workers responded to wildly unrealistic sales goals by creating as many as 3.5 million fake accounts. The bank has also said it forced up to 570, 000 customers into unneeded auto insurance… About 20, 000 of those customers had their cars wrongfully repossessed in part due to these unwanted insurance charges. In August, Wells Fargo was sued by small business owners who say the bank used deceptive language to dupe mom-and-pop businesses into paying “massive early termination fees.” The company was in the headlines again in October for charging about 110, 000 mortgage borrowers undue fees. One U.S. congressman argued that the harsh penalty “demonstrates that we have the tools to rein in Wall Street — if our regulators have the guts to use them.” Wells Fargo has also spent $3.3 billion on legal bills in just the last three months of 2017. Read more of this story at Slashdot.

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Wells Fargo Hit With ‘Unprecedented’ Punishment Over Fake Accounts

Linux 4.15 Becomes Slowest Release Since 2011

An anonymous reader shares a report: Linus Torvalds has decided that Linux 4.15 needs a ninth release candidate, making it the first kernel release to need that much work since 2011. Torvalds flagged up the possibility of an extra release candidate last week, with the caveat that “it obviously requires this upcoming week to not come with any huge surprises” after “all the Meltdown and Spectre hoopla” made his job rather more complicated in recent weeks. Fast-forward another week and Torvalds has announced “I really really wanted to just release 4.15 today, but things haven’t calmed down enough for me to feel comfy about it.” Read more of this story at Slashdot.

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Linux 4.15 Becomes Slowest Release Since 2011

Movie Ticket Sales Hit A 22-Year Low in 2017

An anonymous reader quotes the Los Angeles Times: Hollywood is celebrating the end of 2017 with astronomical sales from “Star Wars: The Last Jedi, ” which is on track to soon exceed $1 billion in global ticket sales and eventually become the biggest movie of the year. But that won’t be enough to write a happy storyline for the industry. Although movie ticket sales in the U.S. and Canada are expected to dip just below last year’s record of $11.38 billion, the number of tickets sold is projected to drop 4% to 1.26 billion — the lowest level since 1995, according to preliminary estimates from studio executives. The falloff in ticket sales can mostly be explained by a handful of movies that flopped, especially during the dreary summer season that posted the worst results in more than two decades. Even such massive hits as “Wonder Woman, ” “Thor: Ragnarok” and “It” couldn’t make up for a lackluster summer lineup populated by rickety franchises (“Alien: Covenant”) and poorly reviewed retreads (“The Mummy”). However, the long-term decline in attendance reflects systemic challenges facing the industry. Audiences are spending less time going to the movies and are consuming more entertainment on small screens and through streaming services such as Netflix and Amazon that are spending billions on original video content. At the same time, while higher ticket prices have helped to offset attendance declines, they have made consumers pickier about what movies they’re willing to go see. And those increasingly discerning consumers turn to social media and Rotten Tomatoes to decide what’s worth their time and money. Read more of this story at Slashdot.

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Movie Ticket Sales Hit A 22-Year Low in 2017

Plexamp, Plex’s Spin on the Classic Winamp Player, Is the First Project From New Incubator Plex Labs

Media software maker Plex today announced a new incubator and community resource called Plex Labs. “The idea here is to help the company’s internal passion projects gain exposure, along with those from Plex community members, ” reports TechCrunch. “Plex Labs is also unveiling its first product: a music player called Plexamp, ” which is designed to replace the long-lost Winamp. From the report: The player was built by several Plex employees in their free time, and is meant for those who use Plex for music. As the company explains in its announcement, the goal was to build a small player that sits unobtrusively on the desktop and can handle any music format. The team limited itself to a single window, making Plexamp the smaller Plex player to date, in terms of pixel size. Under the hood, Plexamp uses the open source audio player Music Player Daemon (MPD), along with a combination of ES7, Electron, React, and MobX technologies. The end result is a player that runs on either macOS or Windows and works like a native app. That is, you can use media keys for skipping tracks or playing and pausing music, and receive notifications. The player can also handle any music format, and can play music offline when the Plex server runs on your laptop. The player also supports gapless playback, soft transitions and visualizations to accompany your music. Plus, the visualizations’ palette of colors is pulled from the album art, Plex notes. Additionally, Plexamp makes use of a few up-and-coming features that will be included in Plex’s subscription, Plex Pass, in the future. These new features are powering functionality like loudness leveling (to normalize playback volume), smart transitions (to compute the optimal overlap times between tracks), soundprints (to represent tracks visually), waveform seeking (to present a graphical view of tracks), Library stations, and artist radio. Read more of this story at Slashdot.

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Plexamp, Plex’s Spin on the Classic Winamp Player, Is the First Project From New Incubator Plex Labs

Gizmodo: Don’t Buy Anyone an Amazon Echo Speaker

Adam Clark Estes, writing for Gizmodo: Three years ago, we said the Echo was “the most innovative device Amazon’s made in years.” That’s still true. But you shouldn’t buy one. You shouldn’t buy one for your family. Your family members do not need an Amazon Echo or a Google Home or an AppleHomePod or whatever that one smart speaker that uses Cortana is called. And you don’t either. You only want one because every single gadget-slinger on the planet is marketing them to you as an all-new, life-changing device that could turn your kitchen into a futuristic voice-controlled paradise. You probably think that having an always-on microphone in your home is fine, and furthermore, tech companies only record and store snippets of your most intimate conversations. No big deal, you tell yourself. Actually, it is a big deal. The newfound privacy conundrum presented by installing a device that can literally listen to everything you’re saying represents a chilling new development in the age of internet-connected things. By buying a smart speaker, you’re effectively paying money to let a huge tech company surveil you. And I don’t mean to sound overly cynical about this, either. Amazon, Google, Apple, and others say that their devices aren’t spying on unsuspecting families. The only problem is that these gadgets are both hackable and prone to bugs. Read more of this story at Slashdot.

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Gizmodo: Don’t Buy Anyone an Amazon Echo Speaker

A series of delays and major errors led to massive Equifax breach

Enlarge / A monitor displays Equifax Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York on Friday, September 15, 2017. (credit: Michael Nagle/Bloomberg via Getty Images ) A series of costly delays and crucial errors caused Equifax to remain unprotected for months against one of the most severe Web application vulnerabilities in years, the former CEO for the credit reporting service said in written testimony investigating the massive breach that exposed sensitive data for as many as 143 million US Consumers . Chief among the failures: an Equifax e-mail directing administrators to patch a critical vulnerability in the open source Apache Struts Web application framework went unheeded, despite a two-day deadline to comply. Equifax also waited a week to scan its network for apps that remained vulnerable. Even then, the delayed scan failed to detect that the code-execution flaw still resided in a section of the sprawling Equifax site that allows consumers to dispute information they believe is incorrect. Equifax said last month that the still-unidentified attackers gained an initial hold in the network by exploiting the critical Apache Struts vulnerability . “We at Equifax clearly understood that the collection of American consumer information and data carries with it enormous responsibility to protect that data,” Smith wrote in testimony provided to the US House Subcommittee on Digital Commerce and Consumer Protection . “We did not live up to that responsibility.” Read 6 remaining paragraphs | Comments

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A series of delays and major errors led to massive Equifax breach

Equifax CEO Hired a Music Major as the Company’s Chief Security Officer

Susan Mauldin, the person in charge of the Equifax’s data security, has a bachelor’s degree and a master of fine arts degree in music composition from the University of Georgia, according to her LinkedIn profile. Mauldin’s LinkedIn profile lists no education related to technology or security. If that wasn’t enough, news outlet MarketWatch reported on Friday that Susan Mauldin’s LinkedIn page was made private and her last name was replaced with “M”, in a move that appears to keep her education background secret. Earlier this month Equifax, which is one of the three major consumer credit reporting agencies, said that hackers had gained access to company data that potentially compromised sensitive information for 143 million American consumers, including Social Security numbers and driver’s license numbers. On Friday, the UK arm of the organisation said files containing information on “fewer than 400, 000” UK consumers was accessed in the breach. Read more of this story at Slashdot.

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Equifax CEO Hired a Music Major as the Company’s Chief Security Officer

Hackers Have Penetrated Energy Grid, Symantec Warns

An anonymous reader quotes a report from Fortune: Hackers have been burrowing their way inside the critical infrastructure of energy and other companies in the U.S. and elsewhere, warns cybersecurity giant Symantec. In a new report, Symantec claims that the threat of cyberattack-induced power outages in the west has elevated from a theoretical concern to a legitimate one in recent months. “We’re talking about activity we’re seeing on actual operational networks that control the actual power grid, ” Eric Chien, technical director of security technology and response at Symantec, told Fortune on a call. Reports surfaced over the summer of hackers targeting staff at nuclear energy facilities with phishing attacks, designed to steal login credentials or install malware on machines. The extent of the campaign as well as the question of whether the attackers had breached operational IT networks, rather than merely administrative ones, was unclear at the time. Symantec is now erasing all doubt. “There are no more technical hurdles for them to cause some sort of disruption, ” Chien said of the hackers. “All that’s left is really motivation.” Symantec detailed its findings in a report released Wednesday morning. The paper tracks the exploits of a hacker group that Symantec has dubbed DragonFly 2.0, an outfit that the company says it has linked to an earlier series of attacks perpetrated between 2011 and 2014 by a group it dubbed DragonFly. Read more of this story at Slashdot.

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Hackers Have Penetrated Energy Grid, Symantec Warns

China Plans 600 MPH Train To Rival Elon Musk’s Hyperloop

In addition to relaunching the world’s fastest bullet train, China is working on developing technology similar to Elon Musk’s Hyperloop, which will allow passengers to travel at speeds up to 4, 000 km/h (~2, 500 mph). The first stage of the company’s plan, however, will be to create a network of these “flying trains” operating at 1, 000 km/h (~600 mph). Shanghaiist reports: Earlier today, the China Aerospace Science and Industry Corporation (CASIC), one of the nation’s major space contractors, announced that it had begun research and development into a new, futuristic type of transport which would operate via supersonic “near ground flight.” The system would presumably be similar to that of the Hyperloop, proposed earlier this decade by Elon Musk, in which capsules would fly at ultrafast speeds down reduced-pressure tubes, dramatically reducing travel times. Of course, the CASIC isn’t looking to reach speeds of 4, 000 km/h right away. The first stage of the company’s plan will be to create an intercity network of these “flying trains” operating at 1, 000 km/h. In the second phase, this network would be extended and the max speed of the pods increased to 2, 000 km/h. Finally, in the third stage, the speed would be boosted all the way up to 4, 000 km/h — five times the speed of civil aviation aircraft today. Read more of this story at Slashdot.

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China Plans 600 MPH Train To Rival Elon Musk’s Hyperloop